That's the part that gets me. Bitcoin has scaling issues, is slow and transaction fees are outrageous. Still, I have no doubt some form of crypto-currency will eventually win out.
The ICO's are like the Webvan and Amazons - similar to how businesses used the Internet to serve their respective industries, we are now using ICO's to serve specific markets.
Rentberry for Rentals, Enjincoin for Games.
With so many new ICOs, it feels like the early Startup Scene but now it's with a focus in Cryptocurrency.
I connected to the internet with a 14.4k modem and I'm connected to fiber today. Bitcoin is in its infancy. It's a matter of time until it reaches the levels we require for handling all the transactions that we want to happen.
I have no doubt the block chain is the future and one backed by governments. I think Bitcoin and Ethereum are the MySpace before something better came along. They have so many issues that better technology will win out. Being first doesn't guarantee anything nor better technology for that matter but in this case crypto is all about technology not just an experience.
We'll assume he was using PPP or SLIP when he had a 14.4k modem.
TCP/IP has been around for 30+ years. So, yes, a lot of that code is still "supporting" his fiber connection.