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> However bitcoin is a technology which did not arise out of an engineering effort directed towards a specific problem or market inefficiency, but instead out o

> However bitcoin is a technology which did not arise out of an engineering effort directed towards a specific problem or market inefficiency, but instead out of a anarchist political narrative that views democratic control of the money supply and law enforcement as the problem. omg this is painful. democratic control of money supply? no market inefficiencies? does author live in a separate reality? bitcoin is the biggest invention in financial world since sliced bread - dematerialized, decentralized, censorship resistant, scarce, non-debaseable, with clear issuance schedule, asset and transaction platform with incentive structure that ensures security and functioning for hundred years.

skohan 5y ago
I agree that Bitcoin probably has had about as much impact on the financial system as sliced bread.
- keymone 5y ago
  It’s ok, people like you wondered why would anybody need to speak into a tube with a wire instead of meeting in person, why would anybody send a radio broadcast to nobody in particular, why would anybody send email when post and fax are ubiquitous. Some just need time to process the upside of new tech. But please, write down your thoughts and re-read them every couple years.
  - skohan 5y ago
    All of the technologies you mentioned gained wide adoption much faster than blockchain has. > why would anybody need to speak into a tube with a wire instead of meeting in person I am fairly sure the value proposition of instantaneous vocal communication at a distance was extremely obvious even before the telephone existed.
    - keymone 5y ago
      > technologies you mentioned gained wide adoption much faster than blockchain has They really didn’t, do some research. > value proposition of instantaneous vocal communication at a distance was extremely obvious even before the telephone existed And value proposition of being in full control of your financial assets and ability to transfer them anywhere around the world without intermediaries is not extremely obvious? Give it time, you’ll get it.
lordnacho 5y ago
> bitcoin is the biggest invention in financial world since sliced bread Puzzling. Is sliced bread a financial invention? The sliced bread thing has always puzzled me every time I've come across it. Is it saying that there's no real added value, or that the added value in convenience is really big?
- keymone 5y ago
  https://www.google.com/search?q=best+thing+since+sliced+bread https://www.google.com/search?q=best+thing+since+sliced+brea...
  - lordnacho 5y ago
    But people who use an expression don't always know what it means. Thus googling for it does not tell you whether they really understand what they are saying.

skohan 5y ago

I agree that Bitcoin probably has had about as much impact on the financial system as sliced bread.

keymone 5y ago
It’s ok, people like you wondered why would anybody need to speak into a tube with a wire instead of meeting in person, why would anybody send a radio broadcast to nobody in particular, why would anybody send email when post and fax are ubiquitous. Some just need time to process the upside of new tech. But please, write down your thoughts and re-read them every couple years.
- skohan 5y ago
  All of the technologies you mentioned gained wide adoption much faster than blockchain has. > why would anybody need to speak into a tube with a wire instead of meeting in person I am fairly sure the value proposition of instantaneous vocal communication at a distance was extremely obvious even before the telephone existed.
  - keymone 5y ago
    > technologies you mentioned gained wide adoption much faster than blockchain has They really didn’t, do some research. > value proposition of instantaneous vocal communication at a distance was extremely obvious even before the telephone existed And value proposition of being in full control of your financial assets and ability to transfer them anywhere around the world without intermediaries is not extremely obvious? Give it time, you’ll get it.

lordnacho 5y ago

> bitcoin is the biggest invention in financial world since sliced bread Puzzling. Is sliced bread a financial invention? The sliced bread thing has always puzzled me every time I've come across it. Is it saying that there's no real added value, or that the added value in convenience is really big?

keymone 5y ago
https://www.google.com/search?q=best+thing+since+sliced+bread https://www.google.com/search?q=best+thing+since+sliced+brea...
- lordnacho 5y ago
  But people who use an expression don't always know what it means. Thus googling for it does not tell you whether they really understand what they are saying.