This is a spin-off from the
Famous quotes about bitcoin? thread. Specifically, it is prompted by this quote:
“Right now Bitcoin feels like the Internet before the browser.”
Wences Casares, Technology Entrepreneur
Most people here realize that the internet existed for years prior to the first browser and the "world-wide-web." The web has often been described as the killer-app that brought the masses to the internet. I feel that the quote above is very prescient. From this I have a few questions for anyone interested in speaking their minds:
1) A distributed exchange is often mentioned as a critical missing piece needed for wide-spread bitcoin adoption. Must a distributed exchange be in place before we have a "killer-app" for bitcoin?
2) Are there other critical pieces missing from the bitcoin infrastructure that need to be filled before we can have a true "killer-app" for bitcoin? If so, what are they?
3) What will ultimately be the "killer-app" for bitcoin?
I'll probably get flamed because some of this has been talked about before, but that's okay. I think that the quote above really does put things in perspective though.