Nagle?
More or less, yes. I still haven't seen a convincing use case for Bitcoin. The Silk Road and China bubbles only lasted until the relevant regulators could stop them. As a payment mechanism, Bitcoin is mediocre. Bitcoin for remittances didn't go anywhere. Bitcoin never became the petty cash of the Internet. And Bitcoin is an ever bigger crook magnet than I expected. There's still no Bitcoin exchange with proper auditing, and the failure rate of Bitcoin exchanges is well over 50% now.
I was expecting Bitcoin to become a currency used for little stuff like music tracks and in-game purchases. That would be useful, but it never happened.
Clifford, is that you? http://www.newsweek.com/clifford-stoll-why-web-wont-be-nirvana-185306
These things take time. A lot more than 6 years. Sheesh.
(you're also wrong about various assertions, but I tire of dissecting your posts)
The Newsweek article is awesome, thanks.
How can one short article be wrong about so many details?
O give Clifford Stoll a break. The only reason that as late as 1995 he thought that people would never do (gasp) commerce over the Internet was because .... drumroll .... he was waiting for bitcoin!
Even if there were a trustworthy way to send money over the Internet—which there isn't ....
If memory serves, Robert Metcalfe also pointed to the lack of an insecure online payment method as a critical flaw with the thesis that the internet would transform commerce.
