3 ms·
Most importantly-- it shares the foundational feature of having such a small publishing cost that it creates a paradigm shift in how we are able to self-organiz
by jancsika 4y ago
Most importantly-- it shares the foundational feature of having such a small publishing cost that it creates a paradigm shift in how we are able to self-organize.
That's one thing that bothered and confused the cranks with burgeoning Wikipedia. Why does the Pokemon article have a longer page than one on the Vietnam War? The priorities are out of wack, they thought, without realizing that the lack of scarcity in a web page (well, technically a scroll) and low friction of revisions ends up changing the process of editing an encyclopedia for length.
It's similar for Bitcoin. Cranks on HN always want to to downplay it's 3-orders-of-magnitude superior transaction speed to Visa/Mastercard by pointing out the much smaller value being transacted. One million microtransactions for a grand total of $1000, they say, without realizing that it's the types of transactions these (often automated) payments support which simply aren't possible using the old payment paradigm.
Without the scale and speed of microtransactions Bitcoin makes possible, you don't just end up with a less effective National Association of Independent Investigative Units. Games in Geocities 2 don't just get a little bit laggy. FOSSmobiles don't just take a little longer to update their FOSStertainment panels. You simply end up with a world where none of that stuff exists.
Oh wait I forgot Bitcoin doesn't work like that. Still, we've got Sci-hub donations and that one ransomware that apparently donates to charities. So not so different, really.
- Fargoan 4y agoYou can do that with Lightning Network