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Yes - a bit over-simplifying I admit. And Moxie said that it's "early days". However it turns out, it'll be fun to watch.


To be fair Moxie says it's only "early days" in the sense that the technology has failed to advance, since of course a significant quantity of time has passed since inception.

   In some ways, cryptocurrency’s failure to scale beyond relatively nascent engineering is what makes it possible to consider the days “early,” *since objectively it has already been a decade or more*.


To be fair, (and I am by no means a fanboy), blockchain's decade isn't that long of a time.

Look at the history of the internet: https://en.wikipedia.org/wiki/History_of_the_Internet

The use of technologies is not always obvious or immediately successful.


I'm just addressing the misconception re: Moxie's apparent position.

My personal opinion is that the internet solved problems from day 1 and its growth was largely constrained by the deployment of physical infrastructure. Blockchain is not similarly constrained - it just doesn't really, you know, do anything for anyone. The proof will be in the pudding.


Advancement in this space is going to be very non-linear.




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