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Imagine if Google Search achieved success not by providing a search engine but by publishing a whitepaper outlining how PageRank would eventually work, then sel

by simias 5y ago

Imagine if Google Search achieved success not by providing a search engine but by publishing a whitepaper outlining how PageRank would eventually work, then selling $GOOG tokens to let people speculate on the hype (but not actually entitle them to anything regarding the company, so it's like venture capitalism, but worse). Then nothing happens for a decade or so, and then Google finally publishes a first version of their engine that takes 30s to search among a couple hundred websites. Effectively unusable, but hey, it's the early day! Bullish! I also disagree that cryptocurrencies are "hard to understand", it's only hard because their promoters feel the need to obfuscate with technobabble how dumb and ineffective 99% of proposed blockchain solutions are. It's hard to understand because there's nothing to understand.

tiborsaas 5y ago
You are projecting an existing, well understood stack on a fundamentally different platform. What works on Earth would be silly to assume it should be the same on the ISS and vice-versa. > Then nothing happens for a decade or so... I guess you took the comfortable position to choose starting point of the internet as 1998, but what about 1980's or 70's? It was rather slow progress, just as you described. > I also disagree that cryptocurrencies are "hard to understand" I was referring to financial apps in general. For most people to think about interests and investments is a challenge even with fiat currencies. I agree though that a major crypto/blockchain revolution hasn't happened yet and probably it will never replace the current internet, but it will co-exists and be much more significant than today once a group hits a sweet spot with UX, utility and adoption.
PascLeRasc 5y ago
Plus whenever someone criticizes Google for doing something bad, others could jump in and say “well they’re supposed to move to Don’t Be Evil next year, so it’s ok”

by simias 5y ago

tiborsaas 5y ago

You are projecting an existing, well understood stack on a fundamentally different platform. What works on Earth would be silly to assume it should be the same on the ISS and vice-versa. > Then nothing happens for a decade or so... I guess you took the comfortable position to choose starting point of the internet as 1998, but what about 1980's or 70's? It was rather slow progress, just as you described. > I also disagree that cryptocurrencies are "hard to understand" I was referring to financial apps in general. For most people to think about interests and investments is a challenge even with fiat currencies. I agree though that a major crypto/blockchain revolution hasn't happened yet and probably it will never replace the current internet, but it will co-exists and be much more significant than today once a group hits a sweet spot with UX, utility and adoption.

PascLeRasc 5y ago

Plus whenever someone criticizes Google for doing something bad, others could jump in and say “well they’re supposed to move to Don’t Be Evil next year, so it’s ok”