[lifeformed]

Because laypeople know what benefit the internet or their phones provide. No layperson knows what the benefit of cryptocurrency is.

[damon_c]

> laypeople know what benefit the internet

Yes that's true now, but what about in 1997? That's what year it is in Ethereum now.

[kgilpin]

Well to be fair, transferring information instantly was pretty great even in 1997.

[roolah]

Well to be fair, transferring money instantly would be pretty great for 2020.

I mean, the only way I can pay rent to my landlord in 2020 is by having my bank send them a physical check that takes 5d to arrive (during which time no-one gets any interest), or then use multiple Zelle payments since I have an artificial cap that is lower than my rent.

[Sargos]

You'd think so but that wasn't a popular idea in 1997. Most people really didn't see much of a use for the internet.

[deeeeplearning]

Hell laypeople until the mid 2000s still didn't grasp what the Internet could be other than it was a stock market bonanza. Sounds familiar...