Fools and their crypto

Re:Fools and their crypto by richardknop on Wednesday January 31, 2018 @02:49AM (#16272235)

It's not so early. People have been developing apps on top of Bitcoin Blockchain for years now. Ethereum has been almost 2 and half years ago. I am not expecting any unicorns like Google/Facebook but at least couple of dapps with actual customers (e.g. not couple hundred crypto fanatics that sign up to every dapp just to pump the price) that are growing revenue and customer base and seem like a legitimate business.

I've been following crypto space for a long time but can't think of any blockchain app like that. Only money making companies are exchanges which make money from fees because of the mania and all the people trying to flip tokens to make big bucks and quickly sell to other noobs, but exchanges are old fashioned companies with centralised databases and Java/.NET codebase, they are not actual dapps.

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Re:Fools and their crypto by ncallaway on Wednesday January 31, 2018 @03:29AM (#16272389)

Think back to when people had been building websites for 2 years on the internet.

It's still early days. 2 years feels like a long time, but it's not that long.

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Re:Fools and their crypto by CPLX on Wednesday January 31, 2018 @07:25AM (#16273320)

I was there, it was great. Suddenly I could access tons of information, save hundreds of dollars by sending emails instead of long distance calling, look up airline schedules, download lists of jokes, find local singles looking to mingle, browse mail order catalogs, read recipes, or order books from a small Seattle company with a huge selection.

The personal real-world benefits of the www were real and obvious and constantly improving. What has the blockchain actually done for people on a daily basis?

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Re:Fools and their crypto by FabHK on Wednesday January 31, 2018 @12:00PM (#16275319)

The WWW was developed 1989, first software (browser) in 1990, first websites went live in 1991, Mosaic came out in 1993, and things really exploded from 1994 on, with Amazon, Spiegel Online (German weekly newspaper), Pizza Hut, The Economist, etc. all going online.

Dotcom bubble was 1997 to 2001.

Bitcoin white paper came out in 2008, first software release in 2009. With comparable development, we'd have expected an explosion of usage and applications from 2013 already (that didn't happen), and a bubble about 2016 to 2020 (that arguably did happen).

At any rate, the WWW was super useful (and was being extensively used) pre- and during the bubble. You cannot say the same about cryptocurrencies.

(And by the way, during the dotcom bubble there were several companies, such as Flooz and Beenz, offering digital currencies. They're all defunct now. If only they had been decentralised on the blockchain...)

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Re:Fools and their crypto by lz400 on Wednesday January 31, 2018 @03:33AM (#16272407)

cryptokitties or whatever is called? :)

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