i'm not sure the story ends there. the reason tcp/ip could not become money is because they didn't finish the protocol. status code 402 never being enforced / finished is the issue for web2. for web3, the payment mechanism is mostly built in, though for reads, something more will have to be developed. that being said, it can still become money for all of the people who use it, but the user base will always be more oriented toward transhumanists/futurists
I forgot about 402, great reference! For other readers, this was the HTTP status code for "Payment Required" that was included in the original specification of HTTP but never fully implemented—worth a separate article.
For Ethereum, for sure the story doesn't end here. I'm thinking about cases like Monero, where genuine utility and adoption don't necessarily translate to token price appreciation.
i'm not sure the story ends there. the reason tcp/ip could not become money is because they didn't finish the protocol. status code 402 never being enforced / finished is the issue for web2. for web3, the payment mechanism is mostly built in, though for reads, something more will have to be developed. that being said, it can still become money for all of the people who use it, but the user base will always be more oriented toward transhumanists/futurists
I forgot about 402, great reference! For other readers, this was the HTTP status code for "Payment Required" that was included in the original specification of HTTP but never fully implemented—worth a separate article.
For Ethereum, for sure the story doesn't end here. I'm thinking about cases like Monero, where genuine utility and adoption don't necessarily translate to token price appreciation.