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Not really sure that Bitcoin involves "no major intellectual breakthroughs". Perhaps no breakthroughs for independent parts (Satoshi did not create a new crypt
by josephagoss 13y ago
Not really sure that Bitcoin involves "no major intellectual breakthroughs".
Perhaps no breakthroughs for independent parts (Satoshi did not create a new cryptographic function, for example) but the placement of known parts into a working system is in itself an intellectual breakthrough.
I don't understand how the author can say that Bitcoin is in no way an intellectual breakthrough. Perhaps I misunderstood the article.
Maybe the author misses the creative and novel system that Satoshi built just because the bricks are not all brand new. Even Bill Gates called Bitcoin a techno tour de force.
- ferdo 13y agoAgreed. The blockchain itself is an intellectual breakthrough, at least in application.
- drcode 13y agoExactly: Saying that the blockchain was not an intellectual breakthrough is like saying the lightbulb wasn't an intellectual breakthrough because it relied on the invention of electrical wires.
- gnaritas 13y agoDid you read the whole article?
- olalonde 13y agoThis is addressed in the article: http://www.gwern.net/Bitcoin%20is%20Worse%20is%20Better?2#objection-bitcoin-is-not-worse-its-better http://www.gwern.net/Bitcoin%20is%20Worse%20is%20Better?2#ob...
- deleted 13y ago[deleted]