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Just because something new-ish exists doesn't mean it's the root of something society-changing. Bitcoin might be a steam engine.
by inteleng 8y ago
Just because something new-ish exists doesn't mean it's the root of something society-changing. Bitcoin might be a steam engine.
- shoo 8y ago> Just because something new-ish exists doesn't mean it's the root of something society-changing. Bitcoin might be a steam engine. this is a great comment, i can interpret it at least two entirely different ways. by "might be a steam engine" do you mean that bitcoin might be one of the key drivers of a major process of economic/industrial revolution?
- inteleng 8y agoI mean it might be completely obsolete in five years. It has caused a great deal of innovation, even if much of that doesn't come to fruition.
- rinze 8y agoBitcoins are tulips.
- pinewurst 8y agoOr Cabbage Patch dolls
- inteleng 8y agoCabbage Patch Kids and tulips wear out and disintegrate like any other organic matter. We will be lucky if bitcoin wallets from a decade ago are able to be cracked a thousand years from now.
- inteleng 8y agoHow original. I imagine you can show how the tulip craze fomented great innovation in the floristry field, and spawned a few actually good products despite being inherently misguided?
- davidgay 8y ago> Bitcoin might be a steam engine. I think it's fairly safe to say that steam engines revolutionised society (the industrial revolution and all that), arguably more so than those engines that replaced it.
- inteleng 8y agoSure. But they never worked on airplanes, and they're only a distant ancestor to the jet and rocket engine. You don't see people investing in steam engines these days.