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Definitely interesting to see how they thought about the internet back then. Although I don't agree that bitcoin is going to revolutionize the world as the internet has done. If that's the point you're trying to make.
In its essence bitcoin or cryptocurrencies in general are still a part of the internet and that is why internet is still much more innovative and revolutionizing.
In its essence bitcoin or cryptocurrencies in general are still a part of the internet and that is why internet is still much more innovative and revolutionizing.
Reducing friction and increasing the velocity of monetary transactions should stir the pot pretty well though.
Think about confirmation times compared to ACH transfers. When I pay someone via Paypal, that money is locked up for 4-6 *days*.
If I make a payment with Bitcoin, that money is only locked up for about an hour. This could lead to compression in spending behavior. Economic cycles that previously took days could be completed in hours.
No one knows what sort of impact that will have, but I'd say it qualifies as potentially revolutionary.
