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> — the ability for many untrusted participants in a network to establish consistency and trust. This is something the Internet has never had, but now it does, and I think it will take 30 years to work through all of the things we can do as a result. Wow, when you put it like that, it's amazing that I can shop, bank, and safely talk with my friends and family online. Pretty much all my messages are encrypted and/or c…
For the naysayers, ask yourself:
- do you trust your government more or less than your parents
- do you trust the mainstream media more or less than your parents
- do you trust big companies to do the right thing more or less than your parents
As we culturally become less trusting, we need different tools to organize and determine value. Protocols that enable decentralized, distributed consensus helps build those tools. Adoption of these protocols, independent of cryptocurrency mania, is bound to happen.
For everybody saying cryptocurrency has no use, you must not remember how much trouble society had envisioning the uses for the very internet upon which we are now posting. Here's an example of a use case recently gaining ground. https://mobile.twitter.com/BrantlyMillegan/status/1402388133... I don't have a crystal ball, but it seems foolish and short-sighted to imagine we are certain that there are no legitimate use…
The internet took like a year to take off since it became commercially available. It took the world by storm once people could connect to it, and viable and useful ideas and applications (browsers, search engines, eCommerce, filesharing, etc) proliferated at breakneck speed.
Right now cryptocurrencies have taken off to an extent. Everyone knows about them but the eco system is a giant mess.
I think it's pretty ignorant from both Thiel and Andreessen to put cryptocurrency and AI on the political spectrum. And generally I doubt the usefulness in classifying things into right and left. At the polar ends of each are people that have conflicting norms on how the world should work. These usually arise once again through ignorance as a norm carries the expectation to be accepted by everyone. To someone that ha…
That said, I think one feature of that campaign is that every party will have to have a position on things affecting the population, crypto eventually being one of those.
Earlier quoted context omitted.
They are only synonyms to coinheads.
I don't own any crypto and barely keep up with the happenings in the ecosystem. Cryptocurrency is just more commonly talked about than cryptography.
Calling cryptocurrencies crypto is like calling an MLM gig a job.
From the article, the use case discussed is distributed consensus. With cryptocurrencies we as society have the option of a new way of organizing labor and capital to achieve a goal. Instead of kings, politicians, corporate owners or middlemen - we have the opportunity to build systems based on the idea of rules without rulers. Bitcoin eliminates the need for central bankers to control the money supply. Ethereum repl…
From the article, the use case discussed is distributed consensus. With cryptocurrencies we as society have the option of a new way of organizing labor and capital to achieve a goal. Instead of kings, politicians, corporate owners or middlemen - we have the opportunity to build systems based on the idea of rules without rulers. Bitcoin eliminates the need for central bankers to control the money supply. Ethereum repl…
> — the ability for many untrusted participants in a network to establish consistency and trust. This is something the Internet has never had, but now it does, and I think it will take 30 years to work through all of the things we can do as a result. Wow, when you put it like that, it's amazing that I can shop, bank, and safely talk with my friends and family online. Pretty much all my messages are encrypted and/or c…
you don't have to trust the vendor, the bank, or the social media company.
Earlier quoted context omitted.
you don't have to trust the vendor, the bank, or the social media company.
You still have to trust your hardware, software and surrounding tech (phone, computer, etc), produced by central authorities (lawful companies implementing government laws).