August 17, 2017
This: “Then there’s ‘cyberbusiness’. We’re promised instant catalog shopping—just point and click for great deals. We’ll order airline tickets over the network, make restaurant reservations and negotiate sales contracts. Stores will become obsolete. So how come my local mall does more business in an afternoon than the entire Internet handles in a month? Even if there were a trustworthy way to send money over the Internet—which there isn’t—the network is missing a most essential ingredient of capitalism: salespeople.” Clifford Stoll, Newsweek, Feb 26, 1995 Is what people sound like to me when they try to explain why bitcoin won’t work.

Posted by Ben B

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