3 ms·
Two decades? You quasi-doubled the age of cryptocurrency, it's been 13 years since Bitcoin's chain started and (apparently [0]) 11 since the first alt-coin. I
by BbzzbB 5y ago
Two decades? You quasi-doubled the age of cryptocurrency, it's been 13 years since Bitcoin's chain started and (apparently [0]) 11 since the first alt-coin.
I don't hold any crypto and am ambivalent about it (seems to have the equal potential of hardening money/tempering inflation as well as providing a backbone to dystopian regimes), so I'm not talking my book, but how much of the Internet's potential was figured out 13 years into it's creation? That barely gets you to TCP/IP going public if you start counting at DARPANET, doesn't even get you to the Dotcom bubble if you start from the former.
I'd add, if you're gonna quote Satoshi about peer to peer cash not materializing (arguably disproved by Lightning) to discredit how far it's strayed off it's essence, you could paint a fuller picture and pick one of many quotes highlighting that hard money/digital gold is just as much of a core idea to Bitcoin (from the genesis block message, to inflation, gold and gold mining discussions), which has arguably manifested.
0: https://e-cryptonews.com/what-was-the-first-altcoin/ https://e-cryptonews.com/what-was-the-first-altcoin/
- whymauri 5y agoBitcoin is the first decentralized cryptocurrency, but the concept dates back a while when we consider centralized applications. The bit gold architecture dates back to 98' and is arguably a direct ancestor to the BTC whitepaper, but only existed in theory. In any case, I'm in the 'decentralized cryptocurrency is still relatively early in the grand scheme of things' camp. What's really going to matter, in my opinion, is Gen-Z and younger generation's adoption and iteration on the concept.
- BbzzbB 5y agoFair point, it is indeed over two decades old if you start from bit gold (and hard for me to argue against with a straight face after using DARPANET as an inception point for the Internet, even if bit gold was only theorised).