Topic: Bitcoin is like the electric car (Read 1748 times)

Its all going to be Wheel Hub electric motors n regen breaking you wont even need to remove your petrol engine, your acceleration and driving distance will triple for the same price, plus you can stick lightwieght cells on your body.

Electric drones can already fly around the world non-stop, not to mention the energy density of solar is incredible 1000watts of solar can make 1 litre of petrol in output in 10 hours combined with electric engines efficency and regen breaking, they are looking very attractive.

Also a simple 2 stage catalyst can convert your solar into high energy density propane.

I agree, Bitcoin is like the electric car, it blows up when you light it with a gas can

i hope btc is not the EV1, as all of those we're "repossessed"

I think this is a great analogy and makes me re-think the potential shape of the adoption curve for Bitcoin.

Electric cars are unlikely to go through any tipping point (is this a valid assumption?), but instead slowly gain acceptance.  When it comes to everyday activities (transportation and transactions), where a solution exists the inertia to change will be huge.  I think I read somewhere that the new solution must be 10 times more effective to gain adoption

Great. This means you understand why Bitcoin is better than fiat, which kind of was the point of the analogy in the first place.

industrial electric car is useless in Europe and USA ... it's perfect in china because they have factory to sell controller and batteries ... and battery managment system (master piece !).

USA and Europe is a OIL ADDICTED, it's all.

No protection? This is good enough for me:

I would gladly take that measure of protection ANYDAY over btc, which offers no protection.

Also, that scenario of shopping in another country/continent could be easily avoided by letting you bank/card company know your traveling. Problem solved.

kind of funny, when my cousin in thailand accesses my bank, while im in the UK.. hmmmm my bank account is still active. anyway your meandering off topic.

3 cities away...

with bitcoin you can do the same 3 continents away.

Try that with your debit card and most banks will freeze your account without your consent, and their fraud department will call you up asking WTF is going on.

See the difference?

lies

i gave my wife my debit card and she goes shopping 3 cities away.. i walk into my bank with my ID and withdraw cash at the bank teller desk. FIAT can be in more than one place at one time.

its not like they physically shift bank notes to my wife in a truck meaning i have to wait for the truck to return.
infact my wife can use my debitcard at an ATM, i can be inside a bank. and my cousin can be on vacation buying something online using the bank details i emailed him.. all at the same time.

elwars analogy is correct.. beliathon, please stick to real life scenarios (i kinda had some respect for you..)

to add to elwars scenario of electric cars. as he notes. if car manufacturers wasted hundreds of millions on advertising in the 1990's people would ignore it as there were not enough places to 'fuel'(charge) the car.

thus car manufacturers kept innovating and making it more average joe friendly before then mass adoption began.
WE bitcoiners are still in the innovation stage, and anyone shouting "we need adverts" obviously just want people to buy it to grab quick cash and then be let down (we are already seeing noobs of 2014 crying because they feel let down by the people talking about quick pump and dumps, not fully explaining what bitcoin is really about).

anyone shouting about adverts just wants a pump and dump to then sell bitcoins and go back to FIAT. much like if an electric car owner wanted to advertise, to get a quick injection of VC funding purely to retire and buy a gas guzzling bughatti.

totally missing the benefits of the electric car and how its better that gas guzzling cars.


bitcoin has MANY MANY features and benefits compared to banks. we just need to innovate it more to help noobs use bitcoin properly and see the benefits before we move into mass adoption.

bitcoin is not ready for 'everyday use'.. yet, so be patient and lets innovate

No, you misunderstand me. Fiat money can only exist (be used) at one place at one time - even digital fiat.

With bitcoin, you can share one address key with multiple people anywhere in the world, and share that money simultaneously without worrying about bank delays, fees, changing currencies, or any of that obsolete nonsense.

if that is true, then i guess we're still in the EV1 phase 

and we'll have to wait for another 10 years for the Tesla-like disruptor 

So it's a difference between one teleportation technology(fiat) and another (bitcoin)? Now that's an analogy I gladly stood behind .

I agree it's a good analogy. Until things are sorted out bitcoin will still face resistance. But look at the progress that we've made thus far. Same like the electric car, things are certainly progressing

You seem to be understanding the metaphor quite literally. Besides, fiat money can also exist anywhere in the world (because, well, it's just a number in a database, it's not like you have physical bills or anything).

Actually his analogy is quite true.Yours on the other hand borders on fantasy..

except teleportation doesn't exist.

I think his analogy is good.  BTC sounds really great in theory, but the problems and difficulty of use/obtaining it prevent a barrier to most people.  Yes its easy (once you learn how) and costs basically nothing to send btc worldwide, but companies I'm sure are taking note of this, and working on solutions on how to do this with fiat.  BTC is a great technology, same with electric cars, but they still trace back to fossil fuels somehow.

Teleportation would face many struggles of adoption as well.

No offense Elwar, but your analogy is shit.

If fiat is the car, than bitcoin is the teleporter. Bitcoin can be in two (or 42) places in the world at the same time. That's teleportation.