Although the term bitcoin is familiar to the internet the concept of blockchain is quite new to many of us. Although blockchain and bitcoin are almost contemporary concepts and there is a lot of information about them on the internet many thought that bitcoin and crypto were like the early internet but its transactions became easier through crypto decentralized blockchain technology.
Ten years isn't new in my opinion, it's not like I blockchain is a secret technology or anything like that. I think the years of doubt might've delayed the increase of people and the chance of bitcoin from collapsibng thus the collapse was prevented somewhat because not enough people were there to collapse the market. 
Topic: Are Bitcoin and Crypto Really Like the Early Internet? - page 3. (Read 583 times)
I don't like complicated thing. I just think as simple as possible regarding bitcoin, I don't compare bitcoin and internet. Although both are a product that will used by many people in the future but both are totally different for me. As investor I almost only interested in profit that I can get, I think bitcoin will get mass adoption in the future and it will make it price rise so much. Today most of us need internet even for daily life, and I think most of us also use bitcoin as main alternative medium of payment in the future. Although maybe it will not replace fiat ( because I think government will not let it ) but I think it can be number 1 choice for online transaction.
Blockchain is like the internet. At the same time, the crypto is a child in the blockchain. We know that a new project uses a different method than the other project, but they use the network, and it could be ethereum, trx, eos, bsc, or else. And those network is in the blockchain network.
The internet has many things insides, and that is happening with blockchain. But crypto is a new thing that can not be the same as the internet. Both the internet and crypto will be growing more than now in the future.
The internet has many things insides, and that is happening with blockchain. But crypto is a new thing that can not be the same as the internet. Both the internet and crypto will be growing more than now in the future.
There is a big difference between "cryptocurrency" in general and "bitcoin.
Bitcoin is innovative and has a bright future simply because it is useful and is delivering what it is supposed to (a decentralized censorship resistant currency) but majority of cryptocurrencies aka altcoins are completely useless and are created to be pumped and dumped.
So you can't just say that just because bitcoin is successful that means "crypto" is going to be successful also. It doesn't work like that.
Bitcoin is innovative and has a bright future simply because it is useful and is delivering what it is supposed to (a decentralized censorship resistant currency) but majority of cryptocurrencies aka altcoins are completely useless and are created to be pumped and dumped.
So you can't just say that just because bitcoin is successful that means "crypto" is going to be successful also. It doesn't work like that.
Although the term bitcoin is familiar to the internet the concept of blockchain is quite new to many of us. Although blockchain and bitcoin are almost contemporary concepts and there is a lot of information about them on the internet many thought that bitcoin and crypto were like the early internet but its transactions became easier through crypto decentralized blockchain technology.
There are circumstantial similarities in terms of their beginning and their growth but I don't think there are significant similarities between the internet itself and Bitcoin. They're different. But there are similarities in terms of how the internet was not much appreciated at the start, of how it was considered impractical to own one, etc. This might be the same with Bitcoin. At the start, it was not that interesting. But then both of them eventually grew and became more and more important in people's lives than just mere options at the onset.
It isn't. Crypto isn't like the early internet.
Crypto doesn't provide any revolutionary way of payment that we already have. Sure, censorship and decentralization are incredibly useful for certain cases but for most people, they appear to be just purely buzzwords which they don't care about. There is no reason, as of now why people wouldn't choose other payment gateways over Bitcoin. It doesn't mean that there wouldn't be a change in the modus operandi in the future as we refine Bitcoin even more or if the geopolitical landscape changes. The way crypto is getting so actively suppressed and goes against the ideas of the government really differentiates it from the internet.
Your internet connection can be censored, cryptos can't.
Crypto doesn't provide any revolutionary way of payment that we already have. Sure, censorship and decentralization are incredibly useful for certain cases but for most people, they appear to be just purely buzzwords which they don't care about. There is no reason, as of now why people wouldn't choose other payment gateways over Bitcoin. It doesn't mean that there wouldn't be a change in the modus operandi in the future as we refine Bitcoin even more or if the geopolitical landscape changes. The way crypto is getting so actively suppressed and goes against the ideas of the government really differentiates it from the internet.
Your internet connection can be censored, cryptos can't.
When talking about the bubble aspect — whereas only a very small number of cryptocurrencies actually end up amounting to something, then yes I highly think so. But I think the ratio between the cryptocurrency projects today that's going to be successful compared to the number of successful .com websites back then will be far worse.
Technically, they are not similar to each other, but in terms of the development of technology and society’s acceptance of this new technology, there is certainly a great similarity. The emergence of the Internet at first raised the fears of many governments and even ordinary people, and they rejected the idea of turning the world into a small village and began looking for charges that It can be directed to the Internet to prevent its spread.
In the case of Bitcoin, too, there is great fear, especially by governments and banks, due to the transition from centralization to decentralization and loss of control. Therefore, they are working on spreading charges about Bitcoin that it is highly volatile and is used to launder money and support terrorism in an attempt to prevent Bitcoin from being accepted around the world.
In the case of Bitcoin, too, there is great fear, especially by governments and banks, due to the transition from centralization to decentralization and loss of control. Therefore, they are working on spreading charges about Bitcoin that it is highly volatile and is used to launder money and support terrorism in an attempt to prevent Bitcoin from being accepted around the world.
Influencers are saying so particularly when they are discussing Web3.0 which involves the crypto projects that are related to decentralized social media and apps that will interact with the data much like an IA. I'm not even sure how that works. But they can discuss it like it's the most decentralized way because there is blockchain working in the background.
Bitcoin is still too early to take that step in which more people know about it, use, advantages and disadvantages. But that time will come, I say it because the youth more open to technology like to get involved in these things as is the crypto space.
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At 13, it is hard to believe that anyone can understand the potential - and responsibility and danger - of holding private keys to half a million dollars while living life as a normal seventh-grader in India.
https://cointelegraph.com/magazine/2021/07/02/minor-danger-defi-wunderkind-gajesh-naik-13-manages-a-fortune
https://cointelegraph.com/magazine/2021/07/02/minor-danger-defi-wunderkind-gajesh-naik-13-manages-a-fortune
If you’ve been following Bitcoin and crypto for more than a few months, you will have almost certainly heard someone comparing cryptocurrency — and blockchain — to the early internet. Well, there are many parallels between cryptocurrency today and the internet at the turn of millennium, not least in terms of both resulting in bullish market activity that skeptics regard(ed) as a bubble. However, it’s still far too early to say just how impactful cryptocurrency will be, and it’s arguable that the data comparing crypto to the internet has been misinterpreted and exaggerated.What are the similarities and differences between the two.
Some tweets comparing cryptocurrency and the Internet:
https://twitter.com/CoinCornerDanny/status/1408342142657892355
https://twitter.com/BTC_Archive/status/1408134902130917378
Some tweets comparing cryptocurrency and the Internet:
https://twitter.com/CoinCornerDanny/status/1408342142657892355
https://twitter.com/BTC_Archive/status/1408134902130917378
I don't think this comparison is technically meant to be taken literally. I think it's more of a figurately speaking type of thing. It is a good analogy in my opinion. If you are old enough to remember when computers and the internet became cheap affordable enough to be placed in homes and schools, then you will remember how basic things were. For example computers were much larger, slower, more expensive etc. Just kind of like how bitcoin is right now. It's still a major modern technology breakthrough, but it's in its early days. Wallets, while having gotten much better of late, could be comparable to say a floppy disc. In time wallets will become much more advanced and efficient.
There's a reason Andreas named one of his books what he did..
To get a better conclusion, i would suggest to change the concept "Crypto" by the term "Blockchain" so we can make a fair comparison. As crypto impact are somehow limitd to financial use while the blockchain revolution may be more huge than the internet itself aat it's early years .
Actually, and even by this mass adoption for cryptocurrencies, i think it's somehow similar to the Amazon at its early days with the same number of users actually crypto has, as described in the second Tweet mentioned in OP .
Actually, and even by this mass adoption for cryptocurrencies, i think it's somehow similar to the Amazon at its early days with the same number of users actually crypto has, as described in the second Tweet mentioned in OP .
If you’ve been following Bitcoin and crypto for more than a few months, you will have almost certainly heard someone comparing cryptocurrency — and blockchain — to the early internet. Well, there are many parallels between cryptocurrency today and the internet at the turn of millennium, not least in terms of both resulting in bullish market activity that skeptics regard(ed) as a bubble. However, it’s still far too early to say just how impactful cryptocurrency will be, and it’s arguable that the data comparing crypto to the internet has been misinterpreted and exaggerated.What are the similarities and differences between the two.
Some tweets comparing cryptocurrency and the Internet:
https://twitter.com/CoinCornerDanny/status/1408342142657892355
https://twitter.com/BTC_Archive/status/1408134902130917378
Some tweets comparing cryptocurrency and the Internet:
https://twitter.com/CoinCornerDanny/status/1408342142657892355
https://twitter.com/BTC_Archive/status/1408134902130917378
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