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Bitcoin is more like ham radio than the early internet #Bitcoin #HamRadio

JP Konig on the Moneyness Blog compares the gyrations of Bitcoin to ham radio and the early Internet:

Bitcoin’s wrongest narratives are its triumphal ones. Most of them paint bitcoin as some sort of heir apparent, waiting on the wings to inevitably replace regular money: Bitcoin is the internet in 1991, just on the cusp of mass adoption… Bitcoin is email… Hyperbitcoinization is one year away… Bitcoin as monetary revolution…etc. I’m sure you’ve run into these proclamations.

I think the ham radio community provides bitcoiners with fertile ground for cultural appropriation. As I suggest in my recent Coindesk article, Bitcoin and ham radio are quite similar. They are both clunky and old-fangled. Neither technology is particularly easy to use relative to more mainstream options: ham radio’s user experience is trumped by Whatsapp’s, and Zelle is smoother to use than bitcoin. Go to Youtube an you’ll find thousands of videos explaining how each technology works.

Read the whole discussion on the blog here.



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