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0 pointsMBCook2y ago0 comments

> blockchain is right now what internet was at its very beggining

Bitcoin was announced in 2008. That’s 15 years ago.

So when is all this stuff going to happen? Every time someone comes up with a criticism the solution will come later because it’s “early days”.

The iPhone, and the following smartphone revolution, absolutely changed the world. That’s been… 16 years. One more than bitcoin. And it was obvious the smartphone changed everything 10 years ago.

So far the blockchain has used up a bunch of resources, produced tons of scams, and enabled ransomware.

I’m still waiting.

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4 comments · 3 top-level

ratsmack2y ago· 1 in thread

> So far the blockchain has used up a bunch of resources

One has to wonder how much waste heat has been produced, plus the associated carbon release from non renewable sources of electricity.

MBCookOP2y ago

Wasted semiconductor production, wasted resources shipping mining and GPUs all over then dumping them when something more efficient comes along…

ForkMeOnTinder2y ago

ARPANET dates to 1966. You could have said the same thing in 1981: So when is all this stuff going to happen? Every time someone comes up with a criticism the solution will come later because it’s “early days”.

Should we have given up on the internet by 1981 then?

Sometimes new technology takes a few (human) generations to take off. I know everyone wants instant gratification these days, but try to be patient.

raverbashing2y ago

> So when is all this stuff going to happen?

It isn't going to happen

The bitcoin developers are too hard headed and there's too much infighting for anything to go ahead. And they still have to decide if it's a store of value, a payment means or a speculative asset. Hence the heads banging together

No wonder the main "stablecoins" are not distributed

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