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> Crypto has always been a subset of tech's goals, and is even framed that way 99% of the time in presentations/etc. GP is simply saying that making a permissi

> Crypto has always been a subset of tech's goals, and is even framed that way 99% of the time in presentations/etc. GP is simply saying that making a permissionless financial network a key element of the way value is exchanged across the world is a much more ambitious goal than selling books online.

tptacek 3y ago
Amazon's goals aren't "selling books online", and that's just Amazon.
- viksit 3y ago
  that’s where they started. the permissionless financial system is where this starts..
  - EA-3167 3y ago
    How long did it take Amazon to move past its initial goals and start to deliver on a broader set of principles? How long has Crypto remained a bottomless pit of fraud and greed?
    - viksit 3y ago
      to maintain a standard of discussion here because it feels like hn bias just hit: there are more applications of a distributed database at 400ms latency than fraud. falling into ad hominem attacks feels immature.
      - p4bl0 3y ago
        "Distributed database" is not equivalent to "blockchain".
        viksit 3y ago
        no but the reverse is.
majormajor 3y ago
> GP is simply saying that making a permissionless financial network a key element of the way value is exchanged across the world is a much more ambitious goal than selling books online. They said: > And that's in a space whose biggest ambition was to replace catalogue shopping and how hotel reservations are made. Which is an amazingly uncharitable interpretation of "the whole tech industry" in the 90s when the internet was being created, ask people at the time to give their best-foot-forward description of ambitions and you'd probably get something much more like "make all the world's knowledge available to everyone" and "eliminate the tyranny of distance to let human relationships flourish" Vs, you know, "replace banks and let people transfer money instantly" or "create a new currency" - which sounds an AWFUL lot like a subset of that "connect everything together" original tech goal. Hell, "create a new currency" was even a goal for a lot of players back then, too! (Interestingly they both share a level of idealism in terms of transcending traditional national borders, whether or not that is practical/achievable/or was achieved fully.)
- wheelie_boy 3y ago
  > "create a new currency" Ah yes, Flooz and Beenz. So silly, but at least they didn't use a small country's worth of electricity.

tptacek 3y ago

Amazon's goals aren't "selling books online", and that's just Amazon.

viksit 3y ago
that’s where they started. the permissionless financial system is where this starts..
- EA-3167 3y ago
  How long did it take Amazon to move past its initial goals and start to deliver on a broader set of principles? How long has Crypto remained a bottomless pit of fraud and greed?
  - viksit 3y ago
    to maintain a standard of discussion here because it feels like hn bias just hit: there are more applications of a distributed database at 400ms latency than fraud. falling into ad hominem attacks feels immature.
    - p4bl0 3y ago
      "Distributed database" is not equivalent to "blockchain".
      - viksit 3y ago
        no but the reverse is.

majormajor 3y ago

> GP is simply saying that making a permissionless financial network a key element of the way value is exchanged across the world is a much more ambitious goal than selling books online. They said: > And that's in a space whose biggest ambition was to replace catalogue shopping and how hotel reservations are made. Which is an amazingly uncharitable interpretation of "the whole tech industry" in the 90s when the internet was being created, ask people at the time to give their best-foot-forward description of ambitions and you'd probably get something much more like "make all the world's knowledge available to everyone" and "eliminate the tyranny of distance to let human relationships flourish" Vs, you know, "replace banks and let people transfer money instantly" or "create a new currency" - which sounds an AWFUL lot like a subset of that "connect everything together" original tech goal. Hell, "create a new currency" was even a goal for a lot of players back then, too! (Interestingly they both share a level of idealism in terms of transcending traditional national borders, whether or not that is practical/achievable/or was achieved fully.)

wheelie_boy 3y ago
> "create a new currency" Ah yes, Flooz and Beenz. So silly, but at least they didn't use a small country's worth of electricity.