A tale of two bubbles, the dot-coms and Bitcoin

Re:A tale of two bubbles, the dot-coms and Bitcoin by spookthesunset on Thursday December 07, 2017 @10:48AM (#15871045)

All this was thought about the last time bitcoin spiked. Bitcoin is 9 years old. The iPhone wasn’t even around when it was born. If bitcoin was gonna revolutionize money, bookkeeping, governments, and life in general, it would have happened already. The truth is, all bitcoin is at this point is an advanced form of gambling....

[ Parent | on HN ]

Re:A tale of two bubbles, the dot-coms and Bitcoin by hectorr1 on Thursday December 07, 2017 @12:00PM (#15871710)

The pace of technological development in the past 20 years has been driven by scaling processing, storage, bandwidth, and networks. The intellectual, legal, cultural, and social infrastructure to make that happen already existed for the most part. When tech has an impact deeper in the societal stack, it takes a lot longer for its impact to be felt.

NB: Eternal September was in 1993, when Usenet went mainstream. Facebook, Twitter, etc weren't invented for another decade. Since then, they've both toppled dictators and elected a reality TV star to the Presidency. Change happens gradually, then suddenly.

[ Parent | on HN ]

Re:A tale of two bubbles, the dot-coms and Bitcoin by brm on Thursday December 07, 2017 @10:53AM (#15871099)

Point of order... iPhone June 2007, Bitcoin January 2009

[ Parent | on HN ]

Re:A tale of two bubbles, the dot-coms and Bitcoin by dpiers on Thursday December 07, 2017 @10:55AM (#15871120)

Bitcoin came out in January 2009, and the first iPhone came out in June 2007.

Other than that minor detail, I generally agree with your comment.

[ Parent | on HN ]

Re:A tale of two bubbles, the dot-coms and Bitcoin by nicky0 on Thursday December 07, 2017 @04:07PM (#15874246)

iPhone was a year old when Bitcoin was born.

[ Parent | on HN ]