in

Newsweek 1995: “Why the Internet will Fail”. With Coinbase going public, many hit pieces will be written against Crypto. Stock brokers are already sending warnings about investing in Coinbase. The traditional finance guys know the writing is on the wall.

Newsweek 1995: “Why the Internet will Fail”. With Coinbase going public, many hit pieces will be written against Crypto. Stock brokers are already sending warnings about investing in Coinbase. The traditional finance guys know the writing is on the wall.



View Reddit by DetroitMotorShowView Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

24 Comments

  1. They invented the game and they wrote the rules to make sure they get the bulk of the moneys. Now there’s a new game, with new rules that everyone can play and I hope it stays that way.

  2. That article aged well lmao

    So will all the articles about cryptocurrencies. Shoot, I’m sure the articles about early bitcoin in the past decade are looking silly.

  3. What a great read and really interesting to think about in the context of crypto today. They weren’t wrong because their concerns weren’t valid but they were wrong because they couldn’t comprehend technology and society advancing and adapting enough to fulfill the promise the internet carried back then

  4. While the author’s overconfidence about how online shopping and entertainment consumption will never take off is pretty funny, the last paragraph is, sadly, a fairly accurate description of the modern world:

    > Computers and networks isolate us from one another. A network chat line is a limp substitute for meeting friends over coffee. No interactive multimedia display comes close to the excitement of a live concert. And who’d prefer cybersex to the real thing? While the Internet beckons brightly, seductively flashing an icon of knowledge-as-power, this nonplace lures us to surrender our time on earth.

    >A poor substitute it is, this virtual reality where frustration is legion and where—in the holy names of Education and Progress—important aspects of human interactions are relentlessly devalued.

  5. Old economy vs new economy.

    We had it within the car industry “come on who is Tesla?”

    We had it within offline shopping “come on who is Amazon?

    And we will have it within banking” come on who is bitcoin “

  6. Same shit been spouted throughout history and if we listened to them we’d still be cleaning up horse shit after a buggy ride in town. Fucking dinosaurs, will get the same treatment as all other naysayers.

    The coinbase listing is going to lay some bitch slap on a lot of old school instos.

  7. >The truth in 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.

    Whew lad. He got that take wrong lol

  8. tldr; Commenting on the rise of the Internet as a “virtual community,” author Amitai Etzioni writes, “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.” “The Internet has become a wasteland of unfiltered data. You don’t know what to ignore and what’s worth reading,” he adds.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  9. Literal quote. *What the Internet hucksters won’t tell you is tht the Internet is one big ocean of unedited data, without any pretense of completeness. Lacking editors, reviewers or critics, the Internet has become a wasteland of unfiltered data. You don’t know what to ignore and what’s worth reading*

Loading…

0

What do you think?

Interesting read

Moscow Stock Exchange, Russian Banks Co-Found Blockchain Operator 101

Moscow Stock Exchange, Russian Banks Co-Found Blockchain Operator