2 ms·
Bitcoin went on to create an entirely new industry employing tens if not hundreds of thousands of people, fund thousands of research projects and startups, crea
by tern 4y ago
Bitcoin went on to create an entirely new industry employing tens if not hundreds of thousands of people, fund thousands of research projects and startups, create financial independence for thousands of people, allow thousands of people to transmit money in situations where it would have been difficult or impossible otherwise, and probably other things. It's a massive cultural phenomenon with global reach and real consequences.
The adoption looks different because it's not an apples to apples comparison. The appropriate comparison would be between "blockchain/crypto" and "cloud." In that comparison, the Dropbox equivalent likely hasn't been released yet. And even still, the technologies are different enough that I'd expect different timelines. The inherent difficulty of implementing cryptographic systems to the highest standards, and the regulatory hurdle implied by the fact that any token is arguably a security, matter.
Also, for what it's worth, you can send money to anyone in the world instantly now.
My personal opinion is that interesting things will start to happen after we realize there's an architectural sleight of hand in the "web3" vision and it doesn't really make sense. Projects that recognize this are already gaining traction.
- deleted 4y ago[deleted]
- qeternity 4y ago> The appropriate comparison would be between "blockchain/crypto" and "cloud." Ok fine, Amazon S3 was launched in 2006, only two years before bitcoin. The entire cloud industry is just a smidge older than crypto. > Also, for what it's worth, you can send money to anyone in the world instantly now. You could do that without crypto before, and you can still do it now without crypto. I'm not saying that nobody gets any use from crypto. What I'm saying is that these arguments that we're early in the adoption curve just aren't true. The lack of adoption might be because crypto isn't solving problems for most people.