Bitcoin’s Silent Technology Revolution – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Technology and Invention

We must redefine two special words often spoken as synonyms—technology and invention.

Technology is something that, once released, never disappears. An invention is something that, once invented, is destined to be “un-invented” or made obsolete. We can say with confidence that inventions like the iPhone or Facebook will be rendered archaic, replaced by something fresh which will again be made obsolete by something fresher.

Contrast this with technologies, which, from their inception, only grow in power, utility and necessity. They are rare; so much so that entire generations pass without witnessing a new one emerge. Primitive man lived a life of constant repeats of the same. In their early stages, it’s difficult to recognize them because they’re not immediately useful. There is a stability in this ignorance: It doesn’t provide the tribe immediate benefit to direct attention toward an ultra powerful tool that has the potential to unwind the existing hierarchy.

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