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The usefulness of the web was immediately apparent to a certain group of people, even if it was poo-pooed by the mainstream. The difference is that even crypto
by mdoms 5y ago
The usefulness of the web was immediately apparent to a certain group of people, even if it was poo-pooed by the mainstream. The difference is that even crypto evangelists who are deeply immersed and invested in it will openly tell you that no, bitcoin is not a useful currency and we never expect it to be (and some will tell you it was never intended to be).
- beambot 5y agoYou're conflating bitcoin (specifically) with blockchain (generally). The general class of networked computers spawned a bunch of specific implementations: www, usenet, gopher, etc. Some survived, others didn't. The ones that survived are incredibly valuable. One example: A ground-truth ledger with decentralized trust & transparency has a great many use cases. Each of these is a rabbit hole of antiquity... but a few good examples are digital voting (see recent US elections), realestate transactions (see land registry & title hell) and stock transactions (DTC is absurd; need only look to RegSHO).