26 Jul '14, 10am

#bitcoin

#bitcoin

Bitcoin is often likened to the Internet, and arguably for good reason. The currency is a new, permissionless technology, championed by a small group of computer experts that say it will change the world in ways we can’t yet even imagine. That’s just how people talked about the Internet in the early nineties. However, as with bitcoin, the hype has been accompanied by doom-mongering and naysaying. Here are eight smart and stupid things people said about the Internet that have relevance for how we think about bitcoin today. Let’s start with the stupid, because, hey, they are more fun. 1) Newsweek: ‘The Internet won’t change anything’ Credit: digitaltrends.com “The truth is no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works.” Clifford Stoll’s infamous 1995 Newsw...

Full article: http://www.coindesk.com/8-dumb-visionary-things-people-sa...

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