Is it bitcoin or blockchain to its name? One of the pervasive mistakes which keeps happening is equivocating bitcoin and blockchain. If a publication like NY Times can't differentiate, one can only think of average Joe.
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The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
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Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#12It feels like the heady days of 1999, where anyone that could was "pivoting" to the web at ridiculous speed and IPO valuation. This isn't a dig on crypto itself though-- after the '00 bubble, it's not like the internet went away. I do wonder what crypto 2.0 will look like, a few years on from its bubble. Here's to hoping the pop comes early and quick, and the real progress can begin in earnest.
However, in '99/'00, even in '94-'96 there were many sorts of things one could say to a friend, "Hey look at this cool thing you can do on the web!" and your friend would say "Wow! Yeah that is cool!" What are the equivalents with cryptocurrencies/blockchains? I ask this all the time, no one seems to have an answer. The extent of the discussion around cryptocurrencies seems to be rambling on about things that either,…
Bitcoin solved the byzantine generals problem.
That is a brand-new invention. It enables you to achieve distributed consensus in all kinds of problems.
The problem space is vast, and any new solution is worth not underestimating. It's hard to predict the future: http://tlb.org/#predictions
July, 2002: CDs and DVDs compatible with today's will remain the most common way to buy or rent music or video through 2020.
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#13It feels like the heady days of 1999, where anyone that could was "pivoting" to the web at ridiculous speed and IPO valuation. This isn't a dig on crypto itself though-- after the '00 bubble, it's not like the internet went away. I do wonder what crypto 2.0 will look like, a few years on from its bubble. Here's to hoping the pop comes early and quick, and the real progress can begin in earnest.
However, in '99/'00, even in '94-'96 there were many sorts of things one could say to a friend, "Hey look at this cool thing you can do on the web!" and your friend would say "Wow! Yeah that is cool!" What are the equivalents with cryptocurrencies/blockchains? I ask this all the time, no one seems to have an answer. The extent of the discussion around cryptocurrencies seems to be rambling on about things that either,…
What are the equivalents with cryptocurrencies/blockchains?
They aren't nearly as tangible. The big innovation here is the blockchain tech itself -- a distributed, immutable, public ledger. It's a very specific innovation, and it mostly benefits big businesses, but it's an innovation nonetheless.
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#14It feels like the heady days of 1999, where anyone that could was "pivoting" to the web at ridiculous speed and IPO valuation. This isn't a dig on crypto itself though-- after the '00 bubble, it's not like the internet went away. I do wonder what crypto 2.0 will look like, a few years on from its bubble. Here's to hoping the pop comes early and quick, and the real progress can begin in earnest.
However, in '99/'00, even in '94-'96 there were many sorts of things one could say to a friend, "Hey look at this cool thing you can do on the web!" and your friend would say "Wow! Yeah that is cool!" What are the equivalents with cryptocurrencies/blockchains? I ask this all the time, no one seems to have an answer. The extent of the discussion around cryptocurrencies seems to be rambling on about things that either,…
Yeah, the "wow amazing" factor isn't really there in an obvious way for the innovative pieces of this tech-- blockchain can be useful wherever digitially mediated transactions need to be safe from fraud or attack, but that's not much of an OMG feature for most.
And the currency side, where some advocates like to tout potential societal changes, can't gain critical mass right now with artificial scarcity tied to arbitrary hash difficulty slowing things down.
Right now it feels like the whole thing is a giant flywheel where excitement drives it faster and faster, but there's no escapement to chanel that anywhere. Maybe the better comparison to the dotcom bubble would be if all that overhype had come 30 years earlier when what ultimately became the net was just an oozing nebula developing protocols and eager enthusiasts.
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#15It feels like the heady days of 1999, where anyone that could was "pivoting" to the web at ridiculous speed and IPO valuation. This isn't a dig on crypto itself though-- after the '00 bubble, it's not like the internet went away. I do wonder what crypto 2.0 will look like, a few years on from its bubble. Here's to hoping the pop comes early and quick, and the real progress can begin in earnest.
However, in '99/'00, even in '94-'96 there were many sorts of things one could say to a friend, "Hey look at this cool thing you can do on the web!" and your friend would say "Wow! Yeah that is cool!" What are the equivalents with cryptocurrencies/blockchains? I ask this all the time, no one seems to have an answer. The extent of the discussion around cryptocurrencies seems to be rambling on about things that either,…
> What are the equivalents with cryptocurrencies/blockchains? I ask this all the time, no one seems to have an answer.
Pay off your mortgage in two years by speculating on bitcoin. It makes most adults go "Wow! Yeah that is cool!"
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#16[deleted]
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#17Earlier quoted context omitted.
However, in '99/'00, even in '94-'96 there were many sorts of things one could say to a friend, "Hey look at this cool thing you can do on the web!" and your friend would say "Wow! Yeah that is cool!" What are the equivalents with cryptocurrencies/blockchains? I ask this all the time, no one seems to have an answer. The extent of the discussion around cryptocurrencies seems to be rambling on about things that either,…
Bitcoin solved the byzantine generals problem. That is a brand-new invention. It enables you to achieve distributed consensus in all kinds of problems. The problem space is vast, and any new solution is worth not underestimating. It's hard to predict the future: http://tlb.org/#predictions July, 2002: CDs and DVDs compatible with today's will remain the most common way to buy or rent music or video through 2020.
Nah, solutions to that class of problem have been around a while. BFT software for these type of faults are built into airplanes and other critical systems. Its use in blockchain is novel, and interesting, but not a brand new or first solution to obtainin Byzantine Agreement within a system or the associate algorithms involvedinvolved.
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#18It feels like the heady days of 1999, where anyone that could was "pivoting" to the web at ridiculous speed and IPO valuation. This isn't a dig on crypto itself though-- after the '00 bubble, it's not like the internet went away. I do wonder what crypto 2.0 will look like, a few years on from its bubble. Here's to hoping the pop comes early and quick, and the real progress can begin in earnest.
If you look longer term the 1999 is just a small blip, so what if bitcoin crashes, bitcoin will replace banks, which are crocked and make money out of nothing.
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#19Earlier quoted context omitted.
Bitcoin solved the byzantine generals problem. That is a brand-new invention. It enables you to achieve distributed consensus in all kinds of problems. The problem space is vast, and any new solution is worth not underestimating. It's hard to predict the future: http://tlb.org/#predictions July, 2002: CDs and DVDs compatible with today's will remain the most common way to buy or rent music or video through 2020.
Nah, solutions to that class of problem have been around a while. BFT software for these type of faults are built into airplanes and other critical systems. Its use in blockchain is novel, and interesting, but not a brand new or first solution to obtainin Byzantine Agreement within a system or the associate algorithms involvedinvolved.
BTC was the first sybil-resistant distributed consensus algorithm in history. Airplanes don't need to worry about sybil attacks.
Re: The Can’t-Lose Way for Your Business to Pop: Add Bitcoin to Its Name
#20Nice list of companies to consider shorting.
I doubt you'll be able to find any shares to short. Those are all tiny companies.