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The stock answer to this question from Crypto proponents is that the internet also took decades to bring about societal changes. Initially the internet was bul
by unsupp0rted 5y ago
The stock answer to this question from Crypto proponents is that the internet also took decades to bring about societal changes.
Initially the internet was bulletin boards and poor quality online versions of print shopping catalogues, news articles with no images or low-res images, etc.
It took a while for internet-enabled capabilities to noticeably surpass things you could do by dialing an 800-number or mailing a cheque to a PO Box.
- somenewaccount1 5y agoIt took decades because people couldn't afford computers, nor could they manufacture at today's modem scale, that's what took long. In terms of adaptation, once someone had access to a computer, with few exception people found some utility in their daily lives for it. IMHO, folks who have access to crypto are not finding any immediate use for it in their daily lives. And further, it doesn't seem to scale very well. Sure, enough coins exist, but they can't be transacted without massive fees. Ergo, doesn't scale currently. If some breakthrough solves the scaling problem while retaining it's decentralized nature, it may gain some utility.
- TimJRobinson 5y agoI work in decentralized finance and use it every single day, so do thousands of other people. It's already scaling with layer 2's. For anyone willing to learn I'm happy to explain more.
- mmcnl 5y agoThe world wide web had caused a global economisch crash just right after its first decade. That's huge.