Topic: Bitcoin is like the electric car - page 2. (Read 1748 times)
I think this analogy( bitcoin is like an electric car) is pretty apt to bitcoin and in more ways than the OP realise.
Bitcoin is much like the electric car, if all cars were electric there would not be as much reliance upon foreign oil, wars over oil would dry up, oil companies would not be as powerful as they are, people who produce their own electricity would not be reliant upon an outside entity for their transportation, etc...
In theory it is nice but then the reality of it comes in. There is no national infrastructure in place to charge electric cars, people are used to gas vehicles and are not willing to switch over mainly because everything is set up for gas cars.
I was involved in the electric car community in the late 90s and it was much like the early days of Bitcoin. People converting their cars to electric, complaining about the big companies ignoring the benefits, trying to figure out the chicken and egg problem of getting charging stations up all over the place to charge non-existent electric cars that weren't being created because there aren't charging stations all over the place.
Then the hybrids started using some of the electric car technology. They tried to make it as close to a gas car as they could, hiding as much of the electric aspect from the user as they could since that is what they were familiar with. Prius used it to get better gas mileage using recharging brakes and the efficiency of the electric motor at low speeds and quick acceleration. The first ones took some time for people to get used to, there was a distrust of electric cars and a knowledge gap. Some hard core enthusiasts added more batteries and converted the Prius into a plug in hybrid showing Toyota how it could be done, begging for them to implement the plug in aspect so you could drive short distances without the need for gas. The first plug in vehicles were confusing to most consumers, die hard electric people were enthusiastic, commercials had to be made to show that it was simple and not all electric (only optional).
Tesla used the concept of focusing on a community that would be willing to adopt a fully electric car while making it cool, they went after the sports car industry where people are willing to put up with some mechanical issues or comfort for something that's fast, looks good and is new. They used the initially high priced vehicles to fund their more consumer oriented vehicles and have been working to put the infrastructure in place for electric vehicles across the country. This should make it easier for future electric car adoption and allow for more companies to start putting out fully electric cars.
Bitcoin is in the early stages of the hybrid phase. Companies are willing to use the good parts of it to help their fiat business, trying not to scare their consumers with the technological aspects of Bitcoin that they may be afraid of. The hybridization is not the most efficient and does not use the full utility of Bitcoin but is what the consumer is currently willing to accept.
We need a Tesla equivalent that can focus on a small focused part of the economy that is most willing to use it and make it look cool and then turn around and use that to grow and set up the infrastructure for the pure Bitcoin economy.
In theory it is nice but then the reality of it comes in. There is no national infrastructure in place to charge electric cars, people are used to gas vehicles and are not willing to switch over mainly because everything is set up for gas cars.
I was involved in the electric car community in the late 90s and it was much like the early days of Bitcoin. People converting their cars to electric, complaining about the big companies ignoring the benefits, trying to figure out the chicken and egg problem of getting charging stations up all over the place to charge non-existent electric cars that weren't being created because there aren't charging stations all over the place.
Then the hybrids started using some of the electric car technology. They tried to make it as close to a gas car as they could, hiding as much of the electric aspect from the user as they could since that is what they were familiar with. Prius used it to get better gas mileage using recharging brakes and the efficiency of the electric motor at low speeds and quick acceleration. The first ones took some time for people to get used to, there was a distrust of electric cars and a knowledge gap. Some hard core enthusiasts added more batteries and converted the Prius into a plug in hybrid showing Toyota how it could be done, begging for them to implement the plug in aspect so you could drive short distances without the need for gas. The first plug in vehicles were confusing to most consumers, die hard electric people were enthusiastic, commercials had to be made to show that it was simple and not all electric (only optional).
Tesla used the concept of focusing on a community that would be willing to adopt a fully electric car while making it cool, they went after the sports car industry where people are willing to put up with some mechanical issues or comfort for something that's fast, looks good and is new. They used the initially high priced vehicles to fund their more consumer oriented vehicles and have been working to put the infrastructure in place for electric vehicles across the country. This should make it easier for future electric car adoption and allow for more companies to start putting out fully electric cars.
Bitcoin is in the early stages of the hybrid phase. Companies are willing to use the good parts of it to help their fiat business, trying not to scare their consumers with the technological aspects of Bitcoin that they may be afraid of. The hybridization is not the most efficient and does not use the full utility of Bitcoin but is what the consumer is currently willing to accept.
We need a Tesla equivalent that can focus on a small focused part of the economy that is most willing to use it and make it look cool and then turn around and use that to grow and set up the infrastructure for the pure Bitcoin economy.
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