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So blockchain solves some unspecified subset of fraud. But only people who know enough about finance and technology are able to understand how this fraud is pre
by leifg 5y ago
So blockchain solves some unspecified subset of fraud. But only people who know enough about finance and technology are able to understand how this fraud is prevented?
A lot of time has passed. Why has no one come up with these higher level abstractions?
- ipnon 5y agoAll I can say is that it can't be built overnight. There were 32 years between ARPANET implementing TCP/IP and AOL mailing install floppies around the country. I cannot claim to know that crypto will have the same impact as the Web has, but I claim it will require a similar amount of time to develop.
- leifg 5y agoARPANET implemented TCP/IP in 1983. The first AOL floppy disks were sent out in 1993. So thank you for proving my point. Even assuming your timeline is correct. And even ignoring that the top comment on this HN addresses this exact point pretty well: Are you telling me the goal post is now 32 years? And while we’re picking arbitrary points in computer history. The iPhone was released in late 2007 and is around 2 years older than the Bitcoin blockchain. I hope I don’t have to make the argument that smartphones have had a bigger impact on society than any kind of crypto/blockchain solution.