bitcoin might be like IBM - page 2. | Bitcointalksearch.org

paolo099

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Quote from: TheGodFather on January 16, 2018, 03:24:52 AM

Quote from: allaboutcrypto on January 15, 2018, 02:42:11 AM

am i the only who is worried that bitcoin might be like IBM we have seen it before one product controls a market then a competitor comes in and the previous king is left in the dust

I am working at IBM and I think that this is a very weird analogy. I don’t know if we are the previous king and then left in the dust but actually IBM has still been making waves and still a leading. And respected name that is known throughout the world. With bitcoin though, I think that the worrying is balid but I plead patience and more faith into it.

I work in IBM too and this analogy is missing the key point: Mainframes!
IBM is the only vendor in the world to produce a product like that, and is not hidden to anyone, that is the chicken with golden eggs of IBM: monopoly on something certain kind of companies (like banks) must have for the bank accounts management.
Lenovo is only the hardware part (servers and clients) sold to a chinese company, the other services are well working and healthy.

Pasadoble

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whatever will enrich the human experience most is allowed on top, i think it's ok to move to things that do same thing faster or better

t1Zona

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Bitcoin is decentralized and governed by the comunity (developers, users, miners, speculators,). It has the ability to evolve (even via hardforks) and has shown a great behaviour during 8 years, without being cracked, so we can say it's pretty safe.
Each day there are new coins, with more and better features, but they still have to show their potential and thay they are safe and backed up by a huge community. Nobody can predict the future but I think we'll have bitcoin for some decades.
And as other partnerts say IBM is still around here, working with top technologies like IA or quantic computers.

TheGodFather

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Quote from: allaboutcrypto on January 15, 2018, 02:42:11 AM

am i the only who is worried that bitcoin might be like IBM we have seen it before one product controls a market then a competitor comes in and the previous king is left in the dust

I am working at IBM and I think that this is a very weird analogy. I don’t know if we are the previous king and then left in the dust but actually IBM has still been making waves and still a leading. And respected name that is known throughout the world. With bitcoin though, I think that the worrying is balid but I plead patience and more faith into it.

ekateriinae

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Try as hard as you can!

Quote from: marlonBitCoin on January 16, 2018, 03:20:00 AM

I also suspect that this could be the case as this crypto market space is changing rapidly and bitcoin could be the IBM of crypto.

lol..what proof are you might saying like that. bitcoin not even closed like IBM situation. nothing can compare on how bitcoin are growing like now. it has stand alone and has been abandoned by its owner but still managed to live until now.

marlonBitCoin

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I also suspect that this could be the case as this crypto market space is changing rapidly and bitcoin could be the IBM of crypto.

ICO Lancer

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Quote from: allaboutcrypto on January 16, 2018, 02:17:26 AM

Quote from: ICO Lancer on January 15, 2018, 02:57:11 AM

Quote from: allaboutcrypto on January 15, 2018, 02:42:11 AM

am i the only who is worried that bitcoin might be like IBM we have seen it before one product controls a market then a competitor comes in and the previous king is left in the dust

this is life and economics, competition rules the market, if bitcoin will not be strong enough it will be defeated with competitors. This could happen with everything not only bitcoin.

so my concern is that bitcoin cant stand the pressure from competition and fold

I do not think that it is concern, i think this is realistic view that everything might happen, this does not mean that we do not believe in the bitcoin success.

avikz

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Quote from: allaboutcrypto on January 15, 2018, 02:42:11 AM

am i the only who is worried that bitcoin might be like IBM we have seen it before one product controls a market then a competitor comes in and the previous king is left in the dust

That's somewhat true! When a company feels complacent about their market position and thinks that they will never be taken down by any competitor, that's when the downfall starts. To survive through the hostile competitive market, the leader of company should always evolve their products and business models. If they feel their products are second to none even after facing huge competition, they will see the downfall doe sure. That's exactly what is happening with bitcoin as well.

We all know that lightening network is the need of the hour. Implementing LN can help survive bitcoin and resolve the scaling issue once and for all. If the things are moving to similar direction like the current situation, bitcoin will be taken over by a worthy contender for sure. It needs up gradation to survive and if it's not done, everything will fall into pieces.

Hydrogen

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Quote from: allaboutcrypto on January 15, 2018, 02:42:11 AM

am i the only who is worried that bitcoin might be like IBM we have seen it before one product controls a market then a competitor comes in and the previous king is left in the dust

....

IBM was bought out by a chinese firm and is now rebranded as "Lenovo". Anything with the Lenovo trademark on it is what used to be IBM.

Discussing what led to IBM's downfall would make for an interesting discussion. Unfortunately, I don't think anyone here knows what circumstances led to its demise. Corporate culture appears to be one of the leading failures of american big business. Many executives feel entitled to fly on private jets on the company tab and engage in otherwise wasteful and expensive lifestyles the company covers. Such led to the downfall of General Motors and Chrysler which had to be bailed out.

By contrast, walmart executives fly on regular airlines and sleep in cheap hotel rooms.

There's a claim that union fees are too high which leads to american business failing. What disproves that claim is Ford having the same union issues as Chrysler and GM and still managing to be competitive.

IBM might have failed but Dell and other american based PC manufacturers are still going strong.

I don't think any of the altcoins or forks have what it takes to dethrone bitcoin. There's a lot of hype behind ethereum, bitcoin cash and similar crypto. But not a lot of legitimate facts to support those claims, afaik.

allaboutcrypto

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Quote from: blockman on January 16, 2018, 02:19:26 AM

Quote from: allaboutcrypto on January 15, 2018, 02:42:11 AM

am i the only who is worried that bitcoin might be like IBM we have seen it before one product controls a market then a competitor comes in and the previous king is left in the dust

I'm not worrying at bitcoin at all but this is very possible. Technology are moving fast and upgrades are coming so if something that has been surpassed when it comes to usability and it's no longer that great in terms of it's service then something new will come out and will be used in the future. However, with your comparison to IBM on these days IBM is still well known and used and it's one of the biggest tech company worldwide.

but its a shadow of its former self and if you don't believe me go out and buy an IBM system also all of the upgrades haven't really solved anything were still struggling with scaling even at this point and as we grow it's going to get worse

blockman

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Quote from: allaboutcrypto on January 15, 2018, 02:42:11 AM

am i the only who is worried that bitcoin might be like IBM we have seen it before one product controls a market then a competitor comes in and the previous king is left in the dust

I'm not worrying at bitcoin at all but this is very possible. Technology are moving fast and upgrades are coming so if something that has been surpassed when it comes to usability and it's no longer that great in terms of it's service then something new will come out and will be used in the future. However, with your comparison to IBM on these days IBM is still well known and used and it's one of the biggest tech company worldwide.

allaboutcrypto

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Quote from: ICO Lancer on January 15, 2018, 02:57:11 AM

Quote from: allaboutcrypto on January 15, 2018, 02:42:11 AM

am i the only who is worried that bitcoin might be like IBM we have seen it before one product controls a market then a competitor comes in and the previous king is left in the dust

this is life and economics, competition rules the market, if bitcoin will not be strong enough it will be defeated with competitors. This could happen with everything not only bitcoin.

so my concern is that bitcoin cant stand the pressure from competition and fold

ICO Lancer

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Quote from: allaboutcrypto on January 15, 2018, 02:42:11 AM

am i the only who is worried that bitcoin might be like IBM we have seen it before one product controls a market then a competitor comes in and the previous king is left in the dust

this is life and economics, competition rules the market, if bitcoin will not be strong enough it will be defeated with competitors. This could happen with everything not only bitcoin.

allaboutcrypto

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Activity: 13

Merit: 0

am i the only who is worried that bitcoin might be like IBM we have seen it before one product controls a market then a competitor comes in and the previous king is left in the dust

Topic: bitcoin might be like IBM - page 2. (Read 304 times)