
…it lacks innovation. It is still a one-dimensional numeric-like value assigned to each transaction. If we are comparing it with the Internet, then it is the Internet in the form where people would take physical books, scan them as images, and make them available online. No interactivity, no multimedia, no searching or social capabilities, no additional value besides digitizing the content in the most simple way. Bitcoin does the same. It just digitizes existing concept of money. It does this in an interesting and innovative way, but it is still just a digital image of money.