s_s (OP)
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January 19, 2014, 07:22:49 PM |
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...interesting perspective perhaps on the current coverage of Bitcoins today relative to where things may be in not that many more years into the future. http://www.wimp.com/theinternet/ |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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HarmZ
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January 19, 2014, 08:22:01 PM |
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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.
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Johnny Bitcoinseed
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Johnny Bitcoinseed
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January 19, 2014, 08:41:30 PM |
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It could be Bitcoin can revolutionize the Internet itself. Think about how free exchange is the essence of the Internet, which is also the essence of Bitcoin. And not just "money" - do some research on the bitcoin protocol, you will find it can be used in many wonderful ways.
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Bitcoi2n2n
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January 19, 2014, 10:03:23 PM |
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This made me appreciate our todays everyday technology so much  |
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DieJohnny
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January 19, 2014, 10:21:05 PM |
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Those who hold and those who are without property have ever formed distinct interests in society
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bitpop
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January 19, 2014, 10:23:21 PM |
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empoweoqwj
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January 20, 2014, 03:27:14 AM |
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Thanks bitpop - that's crazy funny how they go at it like little bitches  |
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wbic16
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January 20, 2014, 08:45:56 AM |
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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.
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. |
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U1TRA_L0RD
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CAUTION: Angry Man with Attitude.
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January 20, 2014, 09:48:44 AM |
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LOL, Trolling in the 80's |
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qwk
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Shitcoin Minimalist
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January 20, 2014, 05:46:41 PM |
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I love the qualification of the interviewee, "owns home computer"   And he's got an acoustic coupler, too   edit: guess I still don't understand the image proxy  edit2: okay, I screwed up... |
Yeah, well, I'm gonna go build my own blockchain. With blackjack and hookers! In fact forget the blockchain.
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matriculator
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January 20, 2014, 05:54:23 PM |
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Lol. Somehow that part make me burst out laughing too. |
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bitpop
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January 20, 2014, 05:54:56 PM |
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Lmao respect the dead
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illpoet
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January 20, 2014, 05:58:27 PM |
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only 1 and half more hours before i can download the whole .txt file!
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Tym's Get Rich Slow scheme: plse send .00001 to
btc: 1DKRaNUnMQkeby6Dk1d8e6fRczSrTEhd8p ltc: LV4Udu7x9aLs28MoMCzsvVGKJbSmrHESnt
thank you.
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matriculator
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January 20, 2014, 06:09:33 PM |
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bitpop
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January 20, 2014, 06:31:22 PM |
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Gabi
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If you want to walk on water, get out of the boat
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January 20, 2014, 06:36:32 PM |
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Imagine today, it would be "Owns bitcoins" |
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empoweoqwj
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January 21, 2014, 04:34:53 AM |
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only 1 and half more hours before i can download the whole .txt file!
lol. those were the days. the anticipation .... that was the fun part kidz these days don't get that, just instant gratification, no fun at all in that |
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