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0 pointsTekMol4y ago0 comments

In the 90s many people said the same thing about "being online" and "having email". Writing letters and meeting in person works just fine, they said.

Crypto makes so many things so much more efficient that not having access to it will be like not having access to the internet today.

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joe_the_user4y ago

Crypto makes so many things so much more efficient

Like what? I can currently pay for any legal physical or virtual good I can think of using a conventional credit card. Crypto might or might help privacy and might allow you to buy illegal things more easily. It's a hedge against inflation but a number of things have that quality.

The use of crypto seem inherently confined to keeping the state from doing things to people's money. States can be terrible but since crypto doesn't stop state from doing things to people's physical person, it's most often a protection of the rich from the state, which isn't something I'm particularly in favor of either.

cmh894y ago

I think there are a lot of "W3 revisionists" or people who are otherwise maybe too young to remember the mid-90s but from what I remember there were plenty of people who saw the potential of the internet. Twelve years after the web was laid out at CERN we had Google not to mention AOL, Ebay, Craigslist, etc..

I've been hearing the same story on crypto since 2011/2012 and it's become no more useful to the average person. The only thing that's changed is more people who know nothing about technology are raving about how its going to change the world so I should buy Bitcoin.

TekMolOP4y ago

    I can currently pay for any legal physical or virtual
    good I can think of using a conventional credit card.

Yes. But the merchant hates it. Because it is expensive and they are not sure if they really will get their money.

lottin4y ago

> Crypto makes so many things so much more efficient

Crypto does the same things a database does, except in a much more expensive and inefficient fashion.

Lichtso4y ago

Efficiency and robustness usually do anticorrelate.

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