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99 year old man says cryptocurrency is for idiots

doublelayer Silver badge

When cars were 14 years old, they were still very new. For context, I'm using 1888 as the starting year where there was commercial production and sale of some automobiles, so we're talking about 1902. Cars weren't mass market items at that point, and plenty of the panic about them was still in the future. Fourteen years from the introduction of the telephones, there weren't many telephones around. Fourteen years after the invention of the internet, we still didn't have TCP/IP yet and they were just getting past manually making hosts files. Fourteen years after the invention of the computer, it was mostly being talked about by science fiction writers, several of which kept sticking -ac on the end of the computer names because they'd only heard of ENIAC and UNIVAC. For something that radically changes a large part of how people can do things, such as transportation or finances, it takes longer for the effects to become known and the novelty to end. This doesn't mean that pointing out that cryptocurrency frequently fails at its goals and doesn't try on our goals is wrong; it's worth considering all its faults of which it has so many I don't recommend you use it. That doesn't stop it still being novel at this point.

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