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I think bitcoin is a fascinating product. I'm not sure what the real world value may be though. Lots of thoughts on what parts of bitcoin might make life better
by jmathai 12y ago
I think bitcoin is a fascinating product. I'm not sure what the real world value may be though. Lots of thoughts on what parts of bitcoin might make life better for the masses but we haven't seen it yet. I think we will but for the moment we have to conjure up these things in ways that are immediately made possible by bitcoin.
I think 1) eliminating fees of all sorts (credit card, foreign currency exchange, etc.) 2) anonymity of purchases are just a few examples.
I don't think anything I've heard to date really strikes me as what will make bitcoin (in whole or in part) as successful as I believe it will be.
But this is what startups do. Figure that part out. Bitcoin isn't any different from other disruptive ideas. We will get it wrong many times before we get it right.
I guess what I'm saying is that this is the process of innovation and it often seems boring and wasteful. But have faith in the process!
- waps 12y agoDon't forget the complete impossibility of reversals.