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The internet was around a lot longer than a decade before aol showed up and started pressing CDs.

fo0manchu 5y ago
Sources on that claim?
idlewords 5y ago
Imagine if after TCP/IP was invented, people hoarded IP addresses and they became worth millions of dollars, but no one used the internet. If you pointed this out, they got mad at you for being a luddite or a noiper. That's the situation we're in with crypto.
- CryptoPunk 5y ago
  People use Ethereum.. https://etherscan.io/chart/gasused https://etherscan.io/chart/gasused
  - idlewords 5y ago
    They use it to speculate. In the words of Mark Cuban, "Traders borrow to buy Eth, used eth to borrow alt/stable coin, used that to LP a high APY Pair, took the SLPs and staked them to maxout yield." Whatever that means, this is the world they're building.
- imtringued 5y ago
  The reverse is sort of happening with IPv4. ISPs are pushing more and more people behind CGNAT where multiple people share the same IPv4 address. This is a problem because some video games (Terraria) don't support IPv6.
qeternity 5y ago
Crypto relies on the internet. It benefits from its adoption. It should be much faster. YouTube, Facebook, Netflix, Spotify, App Stores, etc. All of these advancements experienced rapid growth. Hell, even PayPal. The internet built the network that made that rapid growth possible. Crypto is not reinventing the internet.
dmitriid 5y ago
Nope, it wasn't. ArpaNet wasn't an internet until at least 1983 when the military network was split off, and commercialisation began. 10 years after that we already had Tim Berners Lee inventing www in a lab that was connected to a global communications network and routinely used by hundreds of thousands of people. Prior to that, for example, France had Minitel which already had distributed services, email, payments, orders and so on: https://en.wikipedia.org/wiki/Minitel https://en.wikipedia.org/wiki/Minitel

Sources on that claim?

Imagine if after TCP/IP was invented, people hoarded IP addresses and they became worth millions of dollars, but no one used the internet. If you pointed this out, they got mad at you for being a luddite or a noiper. That's the situation we're in with crypto.

CryptoPunk 5y ago
People use Ethereum.. https://etherscan.io/chart/gasused https://etherscan.io/chart/gasused
- idlewords 5y ago
  They use it to speculate. In the words of Mark Cuban, "Traders borrow to buy Eth, used eth to borrow alt/stable coin, used that to LP a high APY Pair, took the SLPs and staked them to maxout yield." Whatever that means, this is the world they're building.
imtringued 5y ago
The reverse is sort of happening with IPv4. ISPs are pushing more and more people behind CGNAT where multiple people share the same IPv4 address. This is a problem because some video games (Terraria) don't support IPv6.

qeternity 5y ago

Crypto relies on the internet. It benefits from its adoption. It should be much faster. YouTube, Facebook, Netflix, Spotify, App Stores, etc. All of these advancements experienced rapid growth. Hell, even PayPal. The internet built the network that made that rapid growth possible. Crypto is not reinventing the internet.

dmitriid 5y ago

Nope, it wasn't. ArpaNet wasn't an internet until at least 1983 when the military network was split off, and commercialisation began. 10 years after that we already had Tim Berners Lee inventing www in a lab that was connected to a global communications network and routinely used by hundreds of thousands of people. Prior to that, for example, France had Minitel which already had distributed services, email, payments, orders and so on: https://en.wikipedia.org/wiki/Minitel https://en.wikipedia.org/wiki/Minitel