Blockchain technology has the potential to bring the world of finance into the contemporary world. And it can’t advance soon enoughScience advances,said the great German physicist Max Planck, “one funeral at a time”. Actually, or this is a paraphrase of what he really said,which was: “A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, or a new generation grows up that is familiar with it.” But you get the drift.
I always deem of Planck’s aphorism whenever moral panic breaks out over the supposedly dizzying pace of technological change. Which happens all the time nowadays,even though the data says otherwise. If you buy as your degree of speed how long it takes a new” technology to be adopted by 50% of US households, for example, and then radios (eight years) and black-and-white TVs (nine) reached that threshold faster than PCs (17) or mobile phones (15).
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Source: theguardian.com