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The discussion here is a story of what happens with every new technology replacing/disrupting an incumbent technology. Early in every new technology's lifespan,
by bsbechtel 11y ago
The discussion here is a story of what happens with every new technology replacing/disrupting an incumbent technology. Early in every new technology's lifespan, many predictions are often made that X new technology will kill Y old technology. However, what is really happening is that X new technology is replacing A, B, C, and D use cases for Y old technology. However, Y technology had use cases A, B, C, D, and E, so Y technology still has use case E and thus still exists. An example of this is the automobile. Horses are still around today and used by humans, despite the prevalence of internal combustion engines. This is something important to think about when evaluating new technologies and their value to society.
- qmalxp 11y agoFor me, the only use case of cash is "The tiny fraction of vendors who don't accept debit." Oh, and I guess under-the-table payments.