Re:The blockchain paradox: Why DLTs may do little to transfo...
by aaron-lebo on Wednesday June 14, 2017 @06:28PM
(#14556606)
I can almost guarantee you it wouldn't be built. I think you overestimate the value of ideas without concrete implementations.
Without Satoshi actually building it, the barrier for his idea being seen as success would be to build the entire system. Much easier to just mock it and ignore it. With it being built, all someone has to do to test the system is do a little mining or send a transaction.
Re:The blockchain paradox: Why DLTs may do little to transfo...
by erikpukinskis on Thursday June 15, 2017 @02:44PM
(#14563189)
Widespread mockery and ignoring is fine. It would only take one person who can code and thinks the contract makes sense for it to get implemented.
Its your assertion that no such person would have emerged between 2008 and now, if Satoshi hadn't written the reference implementation in 2009? What is your reason for believing that?
To me, the revolution is the realization that certain softwares don't need to be built, merely described and they will bring certain things into being. If Satoshi hadn't built Bitcoin, he had simply released the paper, I think Bitcoin would still exist today. That's interesting. I don't think the same is true, if, for example Mark Zuckerberg had just described Facebook rather than writing it.
The insight is: when a set of incentive structures stable and self-reinforcing, they can become an autonomous agent of their own, existing on top of, but also outside of, human activities.
Very interesting. And I think it is revolutionary. The revolution hasn't happened yet though, perhaps that's what you're pointing out?
The computer revolution hasn't even happened yet though. Still only a tiny number of us can use computers directly. Most people need to use another human (some programmer who makes a static human interface for them) as a proxy. The Big Talk claims of the computer revolution won't happen until we're past this phase. These things take time.