News for hackers. Stuff that matters.

A comment on Bitcoin is a disaster. Parent comment

Re:Bitcoin is a disaster by chemmail on Thursday December 31, 2020 @06:23PM (#25598424)
That is a good way of thinking about it. "The Internet of Money" is a very good way of labeling it. The internet protocols itself and it's openess are very foundational like bitcoin. Everything we use today is built on top of that. BTC is really just the brand right now. Moving forward we will see if BTC is Yahoo/Myspace and who will be the Google/Amazon of this new sector.
[ Parent | on HN ]
Re:Bitcoin is a disaster by vulturalcptlst on Thursday December 31, 2020 @06:37PM (#25598601)
No, this is the incorrect way of thinking of it.

It's more like TCP/IP than businesses built on top of the protocol.

[ Parent | on HN ]
Re:Bitcoin is a disaster by IfOnlyYouKnew on Thursday December 31, 2020 @06:42PM (#25598652)
I prefer "The US dollar without democratic institutions"
[ Parent | on HN ]