rpietila Wall Observer - the Quality TA Thread ;)

[Biodom]

.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....

I thought the same when I used one of the 1st webcam's ever in 1994  (quickcam before they were bought by logitech)  through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.

Yesterday I streamed Game of thrones in HD .

Things change.

Interesting-the first Internet "video" that I saw was in 1993 on Shoemaker-Levy 9 comet striking Jupiter.
I actually thought then that Internet will be something much-much bigger....

When people say they thought the internet would be much bigger, I never hear them explain how. That makes no sense to me. Are you talking about technology or the Internet? What did you expect to be able to do with the Internet? Teleport to Mars?

Me - it changed virtually every aspect of my life.

much bigger than it was in 1993, LOL.

[Biodom]

.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....

I thought the same when I used one of the 1st webcam's ever in 1994  (quickcam before they were bought by logitech)  through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.

Yesterday I streamed Game of thrones in HD .

Things change.

haha i used to watch realplayer encoded clips of southpark episodes that were small enough to fit on a floppy drive... (READ 1.44MB) you could barely understand what was happening through the compression artifacts, but it was cool.

bitcoin will improve accordingly as well.

major differences:
1. There was no highly organized opposition to Internet, but there is in bitcoin case (banks, at least some governments, etc)
2. The existence of at least partially corrupt Bitcoin Foundation that claims to influence bitcoin development. I remember no such organization at the early stage of the Internet (with the possible exception of ICANN).

[BitchicksHusband]

.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....

I thought the same when I used one of the 1st webcam's ever in 1994  (quickcam before they were bought by logitech)  through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.

Yesterday I streamed Game of thrones in HD .

Things change.

haha i used to watch realplayer encoded clips of southpark episodes that were small enough to fit on a floppy drive... (READ 1.44MB) you could barely understand what was happening through the compression artifacts, but it was cool.

bitcoin will improve accordingly as well.

major differences:
1. There was no highly organized opposition to Internet, but there is in bitcoin case (banks, at least some governments, etc)
2. The existence of at least partially corrupt Bitcoin Foundation that claims to influnece bitcoin developmnet. I remember no such organization at the early stage of the Internet (with the possible exception of ICANN).

1.  How young are you?  The internet was heavily under the radar of the military not wanting to open it up to the world because then terrorists could use it to communicate worldwide instantly with full encryption.  And MANY companies swore the internet was a passing fad and that they would NEVER have a website.

[findftp]

.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....

I thought the same when I used one of the 1st webcam's ever in 1994  (quickcam before they were bought by logitech)  through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.

Yesterday I streamed Game of thrones in HD .

Things change.

haha i used to watch realplayer encoded clips of southpark episodes that were small enough to fit on a floppy drive... (READ 1.44MB) you could barely understand what was happening through the compression artifacts, but it was cool.

bitcoin will improve accordingly as well.

major differences:
1. There was no highly organized opposition to Internet, but there is in bitcoin case (banks, at least some governments, etc)
2. The existence of at least partially corrupt Bitcoin Foundation that claims to influnece bitcoin developmnet. I remember no such organization at the early stage of the Internet (with the possible exception of ICANN).

1.  How young are you?  The internet was heavily under the radar of the military not wanting to open it up to the world because then terrorists could use it to communicate worldwide instantly with full encryption.  And MANY companies swore the internet was a passing fad and that they would NEVER have a website.

There are no  terrists. The only terrist are we, the people.

[cbutters]

.....I don't know what'll happen after that. I don't think the technology is powerful enough to be trusted with or to handle the type of adoption rpetelia has in mind or anything close.....

I thought the same when I used one of the 1st webcam's ever in 1994  (quickcam before they were bought by logitech)  through a 56k modem and a parallel port. I had to wait sometimes a few minutes to see a few grey pixels from across the world.

Yesterday I streamed Game of thrones in HD .

Things change.

haha i used to watch realplayer encoded clips of southpark episodes that were small enough to fit on a floppy drive... (READ 1.44MB) you could barely understand what was happening through the compression artifacts, but it was cool.

bitcoin will improve accordingly as well.

major differences:
1. There was no highly organized opposition to Internet, but there is in bitcoin case (banks, at least some governments, etc)
2. The existence of at least partially corrupt Bitcoin Foundation that claims to influence bitcoin development. I remember no such organization at the early stage of the Internet (with the possible exception of ICANN).

1) The internet is STILL under opposition... ever heard of net neutrality, just one of many campaigns against freedom of digital speech?
2) Ever heard of comcast, aol or any of the other big cable companies and their practices against other internet provider startups? talk about corruption.

[Wekkel]

I could not imagine companies wanting a website other than providing info and who had an email address other than your fellow student also having a Pegasus email account at the University's computers in 1995?

That stupid feeling afterwards made me jump into Bitcoin as soon as I learned about it. But the majority will do what the group is good at: resist change, regardless of the obvious. It will take time but it is inevitable.

[TERA]

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

[Bitcopia]

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

The internet uses servers. I wouldn't argue that servers are today a significantly more useful tool than the internet. Sure the internet requires them, but that doesn't stop the internet from being the beast of awesomeness that it is. Bitcoin is allowed to use the internet and be it's own amazing tool.

Also, most things are comparable, even if there is not a complete correlation. Bitcoin and the internet are two of the more comparable things you could choose to compare.

[secousa]

Bitcoin::Internet
Miners::Servers
Wallets::Browsers
Scammers::Nigerian Prince Emails

[BitChick]

Bitcoin::Internet
Miners::Servers
Wallets::Browsers
Scammers::Nigerian Prince Emails

+1   

[Its About Sharing]

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

It is a bit of a relative and time dependent argument though.
I mean the internet, at this point in time is a standard thing, like electricity. (Without it there would be no internet, without internet there would be no bitcoin, or would there? Money is faith and we are learning that.)

The internet opened the doors to break the monopoly on information more than anything that came before it, printing press included.
Bitcoin/Cryptos is now essentially doing that with money. I think those are perhaps two of the biggest ways people have been controlled in our history.
To overly granualize this really misses the big picture and power of Crypto's.

You see, what Bitcoin is doing to our understanding of money, and will continue to do, is mind bending as I alluded to above. The ramifications of this are huge.
We are starting to have a consciousness shift, a reality shift from these Cryptos and our understanding of what money is.

IAS

[Wekkel]

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

... The ramifications of this are huge....

It is mind blowing but still so under recognized. Tucker has the best posts on this particular theme. Still sends chills down my spine every time.

[bitcoinsrus]

Bitcoin::Internet
Miners::Servers
Wallets::Browsers
Scammers::Nigerian Prince Emails

[Bitcopia]

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

... The ramifications of this are huge....

It is mind blowing but still so under recognized. Tucker has the best posts on this particular theme. Still sends chills down my spine every time.

Could you provide a link? I'd like to read about this theme...

[romneymoney]

People compare it to the internet because it's an elegant core technology that enables new things to be done that couldn't before it existed.  Another comparison is that it replaces private/expensive technologies with an efficient decentralized one.  These both work OK. 
If you take it to mean adoption will spread like the internet to such a large audience in 20 years or less, well, we're speculating on that now.  It's a more complicated argument.

[silverfuture]

I don't think anyone compared bitcoin to the internet (the internet is a physical network of computers), but I have heard it compared to an internet protocol like tcp/ip.

Edit:  I do personally anticipate that bitcoin's impact will likely be as big if not bigger than that of the internet and it's past protocols even if they were necessary predecessors.

[Wekkel]

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

... The ramifications of this are huge....

It is mind blowing but still so under recognized. Tucker has the best posts on this particular theme. Still sends chills down my spine every time.

Could you provide a link? I'd like to read about this theme...

http://lfb.org/what-if-this-is-happening/

Its the connection to renewed freedom.

[zimmah]

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

Bitcoin is just the first app of the blockchain, but the blockchain can and will do much more. also the blockchain does not technically NEED the internet.

[zoinky]

Bitcoin technology is not comparible to the internet. Bitcoin is just one little thing. Bitcoin uses the internet.

So is it comparable to HTTP? Or SMTP? Or VoIP? Or FTP? All different types of little things that use the internet.  Bitcoin is just another killer app for the Internet.

[SlipperySlope]

1. Bitcoin achieves efficient trusted payment between pseudoanonymous peers without the need for a trusted third party. Because the non-Bitcoin economy is greatly burdened by rent-seeking trusted third parties, e.g. banks, Bitcoin has great disruptive potential that is drawing substantial venture capital and entrepreneurs. The payment mechanism is a public ledger and programmable money. Bitcoin is a extendable technology platform - analogous to the Internet.

2. Bitcoin provides a deflationary store of value because a maximum 21 million bitcoins will ever be created. The substitution of bitcoin for fiat will substitute the virtue of savings/prudent spending for the vice of dis-saving/immediate indulgence. Bitcoin as currency will profoundly impact on the world's economy and culture, e.g. no more ruinous boom and bust credit cycles. Not analogous to the Internet.