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Author Topic: "The Internet won't last but the underlying TCP/IP protocol will." -Bill Gates  (Read 598 times)
Elwar (OP)
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January 29, 2016, 09:22:51 AM
 #1

"The Internet won't last but the underlying TCP/IP protocol will." -Bill Gates

Ok, he didn't really say that but that's about as stupid a statement as all of these "I don't like Bitcoin (because media told me not to) but the underlying blockchain technology is awesome" articles.

Bitcoin is the only blockchain technology that has over a million dollars of security being pumped into it daily. Trying to use something else is as senseless as trying to create your own TCP/IP network that does not connect to the Internet. It might be useful for experimentation for some specific project, but it will never take over the Internet or even really be of much use to anyone but your small project.

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January 29, 2016, 09:31:22 AM
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"The Internet won't last but the underlying TCP/IP protocol will." -Bill Gates

Ok, he didn't really say that but that's about as stupid a statement as all of these "I don't like Bitcoin (because media told me not to) but the underlying blockchain technology is awesome" articles.

Bitcoin is the only blockchain technology that has over a million dollars of security being pumped into it daily. Trying to use something else is as senseless as trying to create your own TCP/IP network that does not connect to the Internet. It might be useful for experimentation for some specific project, but it will never take over the Internet or even really be of much use to anyone but your small project.

Do you think you may got this backwards E?  Blockchain is TCP/IP and bitcoin currency a shell running on top of it.
Elwar (OP)
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January 29, 2016, 09:34:46 AM
Last edit: January 29, 2016, 09:52:55 AM by Elwar
 #3

"The Internet won't last but the underlying TCP/IP protocol will." -Bill Gates

Ok, he didn't really say that but that's about as stupid a statement as all of these "I don't like Bitcoin (because media told me not to) but the underlying blockchain technology is awesome" articles.

Bitcoin is the only blockchain technology that has over a million dollars of security being pumped into it daily. Trying to use something else is as senseless as trying to create your own TCP/IP network that does not connect to the Internet. It might be useful for experimentation for some specific project, but it will never take over the Internet or even really be of much use to anyone but your small project.

Do you think you may got this backwards E?  Blockchain is TCP/IP and bitcoin currency a shell running on top of it.

That is exactly what I'm talking about. The blockchain is to TCP/IP as Bitcoin is to the Internet.

I do not recall a lot of articles back in the early days of the Internet talking about how this new TCP/IP thing was so great. The focus was on the potentials of the Internet.

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January 29, 2016, 09:38:02 AM
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"The Internet won't last but the underlying TCP/IP protocol will." -Bill Gates

Ok, he didn't really say that but that's about as stupid a statement as all of these "I don't like Bitcoin (because media told me not to) but the underlying blockchain technology is awesome" articles.

Bitcoin is the only blockchain technology that has over a million dollars of security being pumped into it daily. Trying to use something else is as senseless as trying to create your own TCP/IP network that does not connect to the Internet. It might be useful for experimentation for some specific project, but it will never take over the Internet or even really be of much use to anyone but your small project.

Do you think you may got this backwards E?  Blockchain is TCP/IP and bitcoin currency a shell running on top of it.

It reads ok to me, using word substitutions his point is:

"The Internet won't last but the underlying TCP/IP protocol will."

"The 'Bitcoin' won't last but the underlying 'blockchain' protocol will."

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January 29, 2016, 09:38:20 AM
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What you seem to be saying is - Don't invest in anything other than web pages and email on the internet, because that's what most people use.

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vm_mpn
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January 29, 2016, 09:43:53 AM
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My bad... I was thinking more in line of TCP/IP vs Netscape or AOL shell :-)
Elwar (OP)
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January 29, 2016, 10:08:16 AM
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January 29, 2016, 10:27:24 AM
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Bitcoin is the only blockchain technology that has over a million dollars of security being pumped into it daily. Trying to use something else is as senseless as trying to create your own TCP/IP network that does not connect to the Internet. It might be useful for experimentation for some specific project, but it will never take over the Internet or even really be of much use to anyone but your small project.


Well, that's a pretty smart way to view it (economically speaking). If there's an exponential growth in bitcoin adoption (millions pumped in each day) than we might say it's already established as a pattern for all blockchain technology, no matter which coin appears in the scenario. It's just not enough to compete with all the "momentum" it already has.

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January 29, 2016, 11:44:36 AM
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Trying to use something else is as senseless as trying to create your own TCP/IP network that does not connect to the Internet.

Actually there are private TCP/IP networks out there used by financial companies that have no internet connectivity and do not make use of internet infrastructure. In the old days these companies had to set up individual leased lines with every other company that it needed to communicate with. Then private TCP/IP networks like BT Radianz came along and everyone migrated over to them because it had the convenience of the internet without the insecurity.
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January 29, 2016, 12:20:20 PM
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Trying to use something else is as senseless as trying to create your own TCP/IP network that does not connect to the Internet.

Actually there are private TCP/IP networks out there used by financial companies that have no internet connectivity and do not make use of internet infrastructure. In the old days these companies had to set up individual leased lines with every other company that it needed to communicate with. Then private TCP/IP networks like BT Radianz came along and everyone migrated over to them because it had the convenience of the internet without the insecurity.

Do they have "TCP/IP" conferences masquerading as "Internet" conferences and then try to push their private networks as the next Internet revolution?

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January 29, 2016, 02:09:30 PM
Last edit: January 29, 2016, 02:42:38 PM by franky1
 #11

i get the principle of the OPs mindset..

bitcoin=normal internet (as oppose to darknet considered as Dash and intranet considered as litecoin and altcoins)

but now people know darknet exists and that people can create different levels of public and private communications services.. who knows what is next.

afterall the "normal" internet of 1995(basic html) is completely different to the dynamic stuff now.
where HTML was pay to public key, PHP was pay to script and now we are moving onto something new(segwit/html6) proposed as what HTML(bitcoin transactions) should have always been

and even some internet specialists were trying to create internet 2.0 a couple years back.. totally different DNS structure(miners) different webpage code(protocol rules, transaction types)

there is one thing for certain.. the public will always want and need "international open network" but it doesnt mean it will be the same thing in the future as it is now..

it now seems like blockstream (pricewaterhouse cooper) are wanting to move onto "liquid" as the internet 2.0
which could change everything

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