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I really wanted to agree but none of these claims really stand up to scrutiny in my opinion. > Few technologies have a clear start point. Did the internet star
by uncomputation 4y ago
I really wanted to agree but none of these claims really stand up to scrutiny in my opinion.
> Few technologies have a clear start point. Did the internet start in Tim Berners-Lee in 1990? Or in 1982 with TCP/IP? Or in the 1970's with CYCLADES? Or in 1969 with ARPANET? Or in 1965 with the invention of packet switching? Or in 1950's with time-sharing?
No, the web started in 1989 with Berners-Lee’s original proposal. The internet started in 1983 with TCP/IP (the Internet Protocol) being used for ARPANET. These are common, widely cited timeframes.
> Can you distinguish the internet from computers or information theory?
Yes, the internet is a network of networks made up of computers. A computer is not the internet. Information theory is the theoretical study of information and entropy started by Claude Shannon.
> If you don't believe me, then I'm happy to sell you the laptop I'm writing this on for 1,000 ETH instead of 1,000 USD.
Great, I’ll help you move house for a pizza, but that doesn’t make pizza money. The fact of the matter is, I can’t buy hardly anything with cryptocurrency except other cryptocurrencies. This is made more difficult even for companies that want to offer goods for crypto by the fact there is no stable exchange rate to USD.
> Right now, you can take out a loan without involving a bank from one of the many crypto lending protocols.
Lol, was this written before or after the collapse of Luna, Three Arrow Capital, and Celsius? Not to mention the numerous bridge hacks. I guess technically, sure, this is a valid (ie possible) use case of crypto, but not a strong one.
> You may point to hacks
I would argue a malfunctioning lending protocol is as good as no lending protocol, but again, this is a matter of opinion.
> Filecoin
Interesting use case for sure, but unfortunately it seems difficult to participate (and I initially had interest in doing so). IPFS is much further along development-wise. You may say “oh well this is still a use case of crypto” but… not really. I mean sure I can get paid in $FIL but if $FIL is useless in the real world (basically my earlier critique that it is not money) then why would I want to get paid in it?
Overall, I want to agree and perhaps it’s just a couple years too early, but as of now, this is too strong of a claim to make, or at least too weak of an argument to support it.
- pcthrowaway 4y ago> > Right now, you can take out a loan without involving a bank from one of the many crypto lending protocols. > Lol, was this written before or after the collapse of Luna, Three Arrow Capital, and Celsius These have about as much to do with decentralized lending as Citadel and JP Morgan have to do with point of sale payment processing