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Bitcoin is 13 years old. Dialup internet was used for more than 20 years.
by jcbrand 4y ago
Bitcoin is 13 years old. Dialup internet was used for more than 20 years.
- colesantiago 4y agoSo what has Bitcoin actually solved since it has been created if not only create rampant speculation, emboldening ransomware authors to get paid and contribute to burning the planet?
- arcticbull 4y agoThat’s actually an argument against bitcoin - not against the internet. The internets adoption was bottlenecked on real physical infrastructure that had to be developed and deployed to every corner of the planet. Bitcoin being built on top of this infrastructure has only self imposed synthetic ideological limitations, lack of product market fit and lack of utility holding it back. There’s no reason to think that the two should take anywhere close to the same length of time to reach adoption. Just look at the iPhone and Android that came out in the same year as bitcoin. If something’s good and useful you don’t need to proselytize and make excuses.
- jcbrand 4y ago> That’s actually an argument against bitcoin - not against the internet I'm not making an argument against the Internet. :) The internet already had utility back when everyone used dialup, and Bitcoin already has utility now and is in many respects a massive success, especially given all the eulogies it's received over the years. Incumbents have moved on from ignoring, and then laughing to now fighting.
- arcticbull 4y agoWhy are fewer people using it now than EOY 2017? [1] [1] https://ycharts.com/indicators/bitcoin_transactions_per_day https://ycharts.com/indicators/bitcoin_transactions_per_day