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by garba_dlm 971 days ago
> Blockchain tech isn't 14 years old, it's 30 years old, or even 40 if you want to go back to the '82 paper. Still no world-changing tech has come from it, aside from monopoly money.

that's like saying that submarines were invented when Jules Verne wrote about them (i.e. you're wrong)

blockchain technology requires the internet, hence it cannot be older than the internet

3 comments

What? No it doesn't. I can download the text from each comment here to put it offline and in a blockchain. All blockchain is is a datastructure, nothing more.
No, blockchain is a protocol allowing to insert data into that data structure in a decentralized and secure way. Do you know what "block" in blockchain is for? It is there solely for more efficient application of proof of work algorithm. If you appended each transaction to the chain individually, there would be a lot of reorganizations, unneeded network traffic and wasted energy, hence the "block" that clamps thousands of transactions together.
The internet existed in the 80s. How old are you?
the internet is a global network, but I suppose the telegraphs really is that old
Again, the internet goes back to the 60s. But yes, telegraphy was global a century ago.
The internet started in the 60s. Even if blockchain needed the internet (it doesn't) the internet was absolutely around in 1982. Even TCP/IP was being used in 1982, becoming the standard across the entire net Jan 1, 1983.