Internet, 1995 vs. Blockchain, 2017

Some parallels between the Internet, 1995 and Blockchain, 2017:

  • Geeks are excited about contributing to and playing with the architecture of a globally distributed, interconnected communications system.
  • Pundits are saying this technology will change EVERYTHING!!!
  • Investors throw money at any project/idea that mentions this technology, inflating their value on real markets.
  • Those industries most likely to be affected by the technology downplay the potential impact as nothing more than a passing fad.
  • Pundits are saying this technology is not that big a deal!!!
  • The key application resulting in widespread public adoption is not ubiquitous – yet.
  • The key hardware developments that will make this a backbone of society are not there – yet.
  • It is still too early for many of the inevitable, world-changing applications to bring real value.
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