9 ms·

Early days… 15 years later. To quote spaceballs, When exactly will “then” be “now”?

GauntletWizard 3y ago
The history of finance is as long as recorded history, perhaps the reason for it[1]. That said, these kinds of crazes[2] are almost as old. [1]https://en.wikipedia.org/wiki/Complaint_tablet_to_Ea-n%C4%81%E1%B9%A3ir https://en.wikipedia.org/wiki/Complaint_tablet_to_Ea-n%C4%81... [2]https://en.wikipedia.org/wiki/Tulip_mania https://en.wikipedia.org/wiki/Tulip_mania
- cypherpunks01 3y ago
  I don't recall ever reading about a tulip ETF, though, that could be kind of interesting
  - jakupovic 3y ago
    Lol. HN is stuck in "CRYPTO BAD BOOO, We don't need no reason. We know", in the voice of HN group think.
    - troupo 3y ago
      No, "crypto bad boo" is precisely because the HN crowd doesn't ignore the history of anything that crypto pretends it's disrupting. Instead all the clueless crypto bros in the crypto space end up slowly, and often painfully, re-discovering all this history and the reasons why things are the way they are.
      - jakupovic 3y ago
        Let me call you clueless my friend and maybe even other names as you seem to like to. Things are the way they are because of interests, some people are making money on it. "Crypto bros" aren't rediscovering anything and you seem clueless as to what they want and are repeating old ass tropes you probably learned from others. I remember only a year or 2 ago when HN was very much against K8S, you probably don't, being of short memory and not learning from others. But, guess what, we are using k8s and crypto and you are stuck and soon will be making apologies for your lack of sense and will be tired of repeating others' lies here. Sorry but not sorry.
        troupo 3y ago
        > "Crypto bros" aren't rediscovering anything Yes, most don't discover anything, they just run scams. The tiny percentage who doesn't are busy re-discovering and te-inventing all the institutions and processes the world has. > I remember only a year or 2 ago when HN was very much against K8S Ah yes. Yet another comparison pulled out of thin air.
        jakupovic 3y ago
        Yoi are still clueless and didn't bring anything worthwhile to this conversation. Have fun supporting system built to enslave you. K, TX BYE
legutierr 3y ago
In 1980 packet switching had existed for 20 years already. The public Internet wouldn’t emerge for more than a decade after that—and it would take yet another 20 years for the true power of packet-switched networks to be realized, in the form of mobile Internet. In 2000 neural networks had existed for more than 50 years. More than 20 years later their full potential is finally being realized, and many would say it is still early days. It’s naive to think that you can predict the future course of a technology simply based on the fact that it has already existed for a certain amount of time.
- mplewis 3y ago
  [flagged]
  - legutierr 3y ago
    It’s happening right now.
    - mtnGoat 3y ago
      Can you elaborate on this?
      - TimeBearingDown 3y ago
        From a prior thread that didn’t get any constructive engagement: https://news.ycombinator.com/item?id=39205762 https://news.ycombinator.com/item?id=39205762 Essentially Ethereum can be used to codify financial contracts in order to provide a level of trust where one does not otherwise exist.
        crummy 3y ago
        > You could wire together a group of houses or neighborhoods with generators and batteries and make the electric company redundant by establishing contracts which buy and sell electricity between participants at rates which adjust in response to demand, forecast, and each battery’s reserves. how would you handle spoofing? e.g. whatever data source you use to figure out how much energy I'm generating, I just put fake data into it? I guess you don't need to worry about that if you trust your neighbours. but then you could just use a traditional database if you all trust each other.

The history of finance is as long as recorded history, perhaps the reason for it[1]. That said, these kinds of crazes[2] are almost as old. [1]https://en.wikipedia.org/wiki/Complaint_tablet_to_Ea-n%C4%81%E1%B9%A3ir https://en.wikipedia.org/wiki/Complaint_tablet_to_Ea-n%C4%81... [2]https://en.wikipedia.org/wiki/Tulip_mania https://en.wikipedia.org/wiki/Tulip_mania

cypherpunks01 3y ago
I don't recall ever reading about a tulip ETF, though, that could be kind of interesting
- jakupovic 3y ago
  Lol. HN is stuck in "CRYPTO BAD BOOO, We don't need no reason. We know", in the voice of HN group think.
  - troupo 3y ago
    No, "crypto bad boo" is precisely because the HN crowd doesn't ignore the history of anything that crypto pretends it's disrupting. Instead all the clueless crypto bros in the crypto space end up slowly, and often painfully, re-discovering all this history and the reasons why things are the way they are.
    - jakupovic 3y ago
      Let me call you clueless my friend and maybe even other names as you seem to like to. Things are the way they are because of interests, some people are making money on it. "Crypto bros" aren't rediscovering anything and you seem clueless as to what they want and are repeating old ass tropes you probably learned from others. I remember only a year or 2 ago when HN was very much against K8S, you probably don't, being of short memory and not learning from others. But, guess what, we are using k8s and crypto and you are stuck and soon will be making apologies for your lack of sense and will be tired of repeating others' lies here. Sorry but not sorry.
      - troupo 3y ago
        > "Crypto bros" aren't rediscovering anything Yes, most don't discover anything, they just run scams. The tiny percentage who doesn't are busy re-discovering and te-inventing all the institutions and processes the world has. > I remember only a year or 2 ago when HN was very much against K8S Ah yes. Yet another comparison pulled out of thin air.
        jakupovic 3y ago
        Yoi are still clueless and didn't bring anything worthwhile to this conversation. Have fun supporting system built to enslave you. K, TX BYE

legutierr 3y ago

In 1980 packet switching had existed for 20 years already. The public Internet wouldn’t emerge for more than a decade after that—and it would take yet another 20 years for the true power of packet-switched networks to be realized, in the form of mobile Internet. In 2000 neural networks had existed for more than 50 years. More than 20 years later their full potential is finally being realized, and many would say it is still early days. It’s naive to think that you can predict the future course of a technology simply based on the fact that it has already existed for a certain amount of time.

mplewis 3y ago
[flagged]
- legutierr 3y ago
  It’s happening right now.
  - mtnGoat 3y ago
    Can you elaborate on this?
    - TimeBearingDown 3y ago
      From a prior thread that didn’t get any constructive engagement: https://news.ycombinator.com/item?id=39205762 https://news.ycombinator.com/item?id=39205762 Essentially Ethereum can be used to codify financial contracts in order to provide a level of trust where one does not otherwise exist.
      - crummy 3y ago
        > You could wire together a group of houses or neighborhoods with generators and batteries and make the electric company redundant by establishing contracts which buy and sell electricity between participants at rates which adjust in response to demand, forecast, and each battery’s reserves. how would you handle spoofing? e.g. whatever data source you use to figure out how much energy I'm generating, I just put fake data into it? I guess you don't need to worry about that if you trust your neighbours. but then you could just use a traditional database if you all trust each other.