To understand why blockchain is important, look beyond wild speculation on what is built below.

The Internet bubble of the 1990s is generally considered a period of mad excess that ended with the destruction of hundreds of billions of dollars of wealth. What is less often discussed is how all the cheap capital of the boom years financed the infrastructure on which the most important Internet innovations would be built after the bubble burst. It financed the deployment of fibre optic cable, R&D on 3G networks and the construction of giant server arrays. All this would make possible the technologies that are now the foundation of the world's most powerful societies: algorithmic research, social media, mobile computing, cloud services, large data analysis, artificial intelligence, etc.
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To understand why blockchain is important, look beyond wild speculation on what is built below.

The Internet bubble of the 1990s is generally considered a period of mad excess that ended with the destruction of hundreds of billions of dollars of wealth. What is less often discussed is how all the cheap capital of the boom years financed the infrastructure on which the most important Internet innovations would be built after the bubble burst. It financed the deployment of fibre optic cable, R&D on 3G networks and the construction of giant server arrays. All this would make possible the technologies that are now the foundation of the world's most powerful societies: algorithmic research, social media, mobile computing, cloud services, large data analysis, artificial intelligence, etc.
~~~

To understand why blockchain is important, look beyond wild speculation on what is built below.

The Internet bubble of the 1990s is generally considered a period of mad excess that ended with the destruction of hundreds of billions of dollars of wealth. What is less often discussed is how all the cheap capital of the boom years financed the infrastructure on which the most important Internet innovations would be built after the bubble burst. It financed the deployment of fibre optic cable, R&D on 3G networks and the construction of giant server arrays. All this would make possible the technologies that are now the foundation of the world's most powerful societies: algorithmic research, social media, mobile computing, cloud services, large data analysis, artificial intelligence, etc.
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Pour comprendre pourquoi la blockchain est importante, regardez au-delà de la spéculation sauvage sur ce qui est construit en dessous.

La bulle Internet des années 1990 est généralement considérée comme une période d'excès fou qui s'est terminée par la destruction de centaines de milliards de dollars de richesses. Ce qui est moins souvent discuté est la façon dont tout le capital bon marché des années de boom a permis de financer l'infrastructure sur laquelle les innovations Internet les plus importantes seraient construites après l'éclatement de la bulle. Elle a financé le déploiement du câble à fibre optique, la R & D sur les réseaux 3G et la construction de batteries de serveurs géantes. Tout cela rendrait possibles les technologies qui sont maintenant le fondement des sociétés les plus puissantes du monde: recherche algorithmique, médias sociaux, informatique mobile, services cloud, analyse de données volumineuses, intelligence artificielle, etc.

Nous pensons que quelque chose de similaire se produit derrière la volatilité sauvage et le battage médiatique de la stratosphère du boom de la crypto-monnaie et de la blockchain. Les sceptiques de la blockchain ont grogné de joie alors que les prix cryptographiques ont chuté depuis les sommets vertigineux de l'année dernière, mais ils commettent la même erreur que les fanatiques crypto qu'ils se moquent: ils associent le prix à sa valeur intrinsèque. Nous ne pouvons pas encore prédire ce que seront les industries de pointe fondées sur la technologie blockchain, mais nous sommes confiants dans leur existence, car la technologie elle-même consiste à créer un atout inestimable: la confiance.

The dot-com bubble of the 1990s is popularly viewed as a period of crazy excess that ended with hundreds of billions of dollars of wealth being destroyed. What’s less often discussed is how all the cheap capital of the boom years helped fund the infrastructure upon which the most important internet innovations would be built after the bubble burst. It paid for the rollout of fiber-optic cable, R&D in 3G networks, and the buildout of giant server farms. All of this would make possible the technologies that are now the bedrock of the world’s most powerful companies: algorithmic search, social media, mobile computing, cloud services, big-data analytics, AI, and more.
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