Quote from: luke997 on Today at 01:22:19 PM

Quote from: 600watt on Today at 01:12:57 PM

Quote from: luke997 on Today at 12:41:59 PM

Quote from: 600watt on Today at 11:29:03 AM

Quote from: luke997 on Today at 10:58:24 AM

Comparing Bitcoin to the internet is deeply flawed.

honest question: why is this deeply flawed? please elaborate.

Internet started as an idea, which later was implemented as ARPANET (which most people nowadays have never heard of).
The idea lives, but it is a collection of myriad of technologies, networks, protocols, cryptography, devices etc..
It's not one thing, it's all of it.
Greatness of the internet is that everyone can use it and benefit from it, but it's not an asset you can buy.

Bitcoin is code and data, which uses cryptography and was intended as a trustless digital currency to allow direct transactions, however it is more store of value since, and more so as its value rises.
Greatness of the Bitcoin is the concept, the idea, and that doesn't need BTC to live, same like internet doesn't need ARPANET.

There's a lot of more accurate analogies (key word is analogy), for example, what Ford T is to the idea of vehicle, Bitcoin is to the idea of currency.

For now, lot of people believe it is safest and most rewarding asset you can own today - me included, otherwise I wouldn't be BTC hodler.
All I was saying was, no one can predict next 10y. I doubt Satoshi 13y ago ever thought what it may become and be used for.

with all respect, you did bring some arguments why one could disagree on the comparison of the internet protocol with the bitcoin protocol, but nothing that screams "deeply flawed"

the internet is a protocol to exchange information between participants, permissionless, open access software development, lots of open source. all the tricks that the internet is capable today are rooted in the mere storage and exchange of information. a very mighty protocol.

bitcoin is a protocol to exchange monetary value peer2peer, permissionless, open access software development, open source. all the tricks that the bitcoin network is capable today are rooted in the mere storage and exchange of value. a very mighty protocol.

both are network protocols. my question remains: where is my comparison "deeply flawed"?

Thank you for the discussion so far. I'll leave it here as I don't intend to upset people on this thread, and despite constant off-topic in here (I'm F5 addict to this thread, but very rarely speak) this subject is like a stick in a hornet nest to some - without disrespect - Bitcoin fundamentalists.
Let's get back on the wall watching.

also thank you. but i dont think it is off topic at all to discuss the extend of comparison between internet protocol and bitcoin protocol. i was expecting to learn something from you. other than saying that one cant buy parts of the internet you did not really say anything. i mean sure both projects have different historical backgrounds, but if that would be an argument for a "deeply flawed" comparison, than comparing stuff would become really difficult, since most different things have a different history.