> For the first 20+ years internet was relegated to a niche technology that will fail as we have faxes. I think your take on crypto is absurd and nonsensical in

> For the first 20+ years internet was relegated to a niche technology that will fail as we have faxes. I think your take on crypto is absurd and nonsensical in light of internet success. This is in no way a historically accurate statement. Thirty years ago the utility of data networks was well demonstrated. Not just the IP-based Internet but X.25 networks before and parallel to it (Tymnet etc). Data networks were only a "niche" technology because they were expensive. They increased in size and utility in step with decreasing prices. Cryptocurrencies haven't brought anywhere close to that same utility. The only "problem" they have solved is separating rubes from real money in trade for Geoffrey dollars. Cryptocurrency has in fact trended the opposite direction from Internet technologies as they're more expensive to work with as time passes. If cryptocurrencies (and associated technologies) were actually meant to be useful their costs would be decreasing over time allowing wider access. The fact their very design increases costs as they scale should tell you they're naked rent extraction vehicles and nothing more.