Earlier quoted context omitted.
Blockchain and cryptocurrency comes to mind - especially given HN’s frequent dismissals and distaste of the two.
I see a lot of people making this exact mistake regarding blockchain: >So how come my local mall does more business in an afternoon than the entire Internet handles in a month? IOW, “It hasn’t displaced some other market already, so it never will.” It’s only a few steps away from “it has the volatility associated with being a small market, so it’s inherently flawed”. With that said, I’m skeptical about whether it wil…
I can also shop instantly all over the world, I do pay a tax to the bank for this, but it’s currently a lot cheaper than paying for most crypto transactions.
I guess with crypto, I would be free of the banking tyranny, but I actually rather like the security that comes with centralized banking.
The internet on the other hand changed the world. It made it possible for me to browse your product catalog, buy and pay for your products, almost instantly, even though you live in another part of the world.
Crypto never really had that, it wanted to uproot existing systems for political reasons, but the technology by itself, has frankly always been somewhat obsolete.
The internet was hard to predict because it was new, a currency isn’t exactly a new thing. Hell, blockchain isn’t even the first attempt at a decentralized currency.