Re:Ask HN: A New Decade. Any Predictions? (2010)
by joeyspn on Friday January 03, 2020 @08:30AM
(#21945637)
It is cool because it really disintermediates powerful entities. Maybe the first iteration of digital money/assets is not that efficient, but that could also be argued for many other innovative technologies.
What is groundbreaking is the concept of P2P value exchange. And that's what bitcoin really is, still a young PoC that will surely evolve or get superseded by a 2.0 tech.
The genie is out of the bottle....
Re:Ask HN: A New Decade. Any Predictions? (2010)
by icebraining on Friday January 03, 2020 @07:07PM
(#21951698)
Eh, bitcoin is still a cool proof-of-concept. It's just that as it often happens, people took it to production when they shouldn't.
It replaces trust with massive resource consumption and doesn't do a good job of being digital money (it is hard to use safely, it is hard to use anonymously).