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I think that it's still unproven that a distributed global ledger is actually a fundamentally useful thing, outside of speculation. We're 15 years out from the
by acjohnson55 3y ago
I think that it's still unproven that a distributed global ledger is actually a fundamentally useful thing, outside of speculation. We're 15 years out from the invention of Bitcoin, and if all of blockchain technology snapped out of existence today, there are very few people, other than speculators, who would be impacted. It has comprehensively failed to be adopted into any value chains.
- Breza 3y agoI agree. For comparison, here's how the Web was going as the WWW white paper approached its fifteenth birthday. https://www.pewresearch.org/internet/2005/03/06/part-2-the-role-of-the-internet-in-2004/ https://www.pewresearch.org/internet/2005/03/06/part-2-the-r...
- dcow 3y agoWhich is why I'm extremely long on crypto and patient. It takes more than 15 years to fundamentally change the type of things crypto might really be useful for. And as a currency it's already shown traction, just not ubiquitous adoption. The currency use case requires people to stop creating volatility by hyper speculating with it, so I welcomed the crypto winter. I remember when people bought pizza with bitcoin. It wasn't that long ago, as you point out.