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Comment by n0mad01 | Hacker News Reader

This is a very limited and short-sighted view on the emergence and development of new technologies.

From the first petrol engine (1879) to the Ford Model T (1908), the Arpanet (1969) to the Internet (1990), as also software development (Cyberpunk 2077 was developed over 8 years), these things have one thing in common: they need time.

When one day your every breath (and its payment) is recorded on a blockchain then you should be aware that such a technology capable to do so does not exist yet, but its basic features do.

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Yes I know it is very short sighted, but I am very open to being persuaded. I'm not trying to be negative, just trying to look for the real world "value".

For some reason bitcoin apologists always use cars, and the internet, and other actual disruptive technologies and inventions. Even though with each passing day it looks more like radioactive health products [1]

[1] https://interestingengineering.com/9-interesting-failed-inve...

it is noticeably peculiar to compare one of the most significant technical inventions of our century with a half-baked hair dryer.

such innovations only appear now and then, one should have the intuition to recognize them as such, otherwise he will miss the opportunities of such developments.

> one should have the intuition to recognize them as such, otherwise he will miss the opportunities of such developments.

That's the narrative of scam artists since before time.

its worth a dollar - its a scam.

its worth a hundred dollars, people use it to buy goods - its a scam.

its worth a thousand dollars, people start using it as a store of value and a hedge against inflation - its a scam.

its worth 65.000 dollars, theres also ethereum changing the face of banking forever - its a scam.

calling me a scam artist while disregarding all the givens of reality, at this point its really hard to convey how extraordinarily mind-bendingly narrow-minded this point of view is.

> its worth... its worth... its worth... its worth... its worth...

Empty words

> people start using it as a store of value

People are using for speculation, not for the store of value.

> theres also ethereum changing the face of banking forever

Ethereum is changing literally nothing

> while disregarding all the givens of reality

What you're describing are fantasies that have little to no bearing on reality.

> at this point its really hard to convey how extraordinarily mind-bendingly narrow-minded this point of view is.

At this point it's really hard to understand how anyone who talks about reality can be so far removed from reality.

Debet cards took less than 20 years to become common which I think is a better comparison.

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