Topic: Bitcoin vs Internet adoption. Bill Gates was trolled about Internet in 1995 - page 2. (Read 227 times)
January 03, 2024, 02:48:27 AM
Internet has been the main reason why Bitcoin is now more accessible to anyone using the internet. Every innovation always has a slow start and gradually it starts growing. Bitcoin had a slow start and after 2021 it became a cryptocurrency for its store value and it will remain the same. How many internet users would be able to afford and invest in Bitcoin is still unknown for the future. How many new users would get attracted to the internet is cannot be calculated for the future. Both are different and without the Internet, Bitcoin would not be as popular as it is now.
January 03, 2024, 02:19:16 AM
The great difference between Bitcoin and the Internet is that Internet has enormous utility. The only utility of Bitcoin I can think of is the ability to act as a store of value(and a medium of exchange, but not many people are willing to pay with BTC every day).
Years ago, many crypto enthusiasts were confident that blockchain technology will be adopted in various different industries like healthcare, insurance, real estate, etc. Guess what, it didn't happen. Maybe the blockchain technology is simply a "glorified spreadsheet" just like the crypto haters keep saying.
Years ago, many crypto enthusiasts were confident that blockchain technology will be adopted in various different industries like healthcare, insurance, real estate, etc. Guess what, it didn't happen. Maybe the blockchain technology is simply a "glorified spreadsheet" just like the crypto haters keep saying.
January 03, 2024, 01:49:56 AM
Almost every new invention was highly criticised or talked down by sceptics, so it is not strange to see this historical information. Most people never thought that man could fly in the air with an aeroplane and whoever dreamt that submarines would ever be invented. Bitcoin was strange and it is also normal for people to underrate it. I might have been one of those people who would have called the early Bitcoiners dreamers and scammers because humans naturally repel change. The first Bitcoin conference had about one hundred participants which showed that people had no interest in it at the beginning.
https://bitcointalksearch.org/topic/history-revisited-the-first-bitcoin-conference-2011-5410991
But the Bitcoin 2022 conference in Miami attracted about 35,000 attendees and many others viewed the event through various electronic platforms. This a proof that Bitcoin's dominance in the global financial system is still at its infant stage because the future is bigger.
https://bitcointalksearch.org/topic/history-revisited-the-first-bitcoin-conference-2011-5410991
But the Bitcoin 2022 conference in Miami attracted about 35,000 attendees and many others viewed the event through various electronic platforms. This a proof that Bitcoin's dominance in the global financial system is still at its infant stage because the future is bigger.
January 03, 2024, 01:35:11 AM
And back then all of the "experts" said pen computing was going to be the next big thing and used arguments like this one to beat down detractors.
Bitcoin's price will either go up, or it will go down. What Bill Gates said 30 years ago doesn't matter.
Bitcoin is legal in the United States, and most other Western countries. What other countries are left?
Bitcoin's price will either go up, or it will go down. What Bill Gates said 30 years ago doesn't matter.
It's more of how much Bill Gate believed in the fact that the internet would become a reality and that it would have a global audience using it with time regardless of whatever opposition or trolling he received from the media. Now that the internet has become a must use for all thee media platform, would they refuse using it because they trolled it?
Same Is what is happening with bitcoin adoption around the globe. The fact that so many persons and nations have become so used to the fiat currency and the general banking system, they would feel that its not going to be a reality but with the increasing number of nations already accepting bitcoin in their country, it might only take few giant nations to accept it and some key persons to see the positive side of it and bring it to the audience and in no time it would become a global reality.
Same Is what is happening with bitcoin adoption around the globe. The fact that so many persons and nations have become so used to the fiat currency and the general banking system, they would feel that its not going to be a reality but with the increasing number of nations already accepting bitcoin in their country, it might only take few giant nations to accept it and some key persons to see the positive side of it and bring it to the audience and in no time it would become a global reality.
Bitcoin is legal in the United States, and most other Western countries. What other countries are left?
January 03, 2024, 01:34:34 AM
It's more of how much Bill Gate believed in the fact that the internet would become a reality and that it would have a global audience using it with time regardless of whatever opposition or trolling he received from the media. Now that the internet has become a must use for all thee media platform, would they refuse using it because they trolled it?
Same Is what is happening with bitcoin adoption around the globe. The fact that so many persons and nations have become so used to the fiat currency and the general banking system, they would feel that its not going to be a reality but with the increasing number of nations already accepting bitcoin in their country, it might only take few giant nations to accept it and some key persons to see the positive side of it and bring it to the audience and in no time it would become a global reality.
Same Is what is happening with bitcoin adoption around the globe. The fact that so many persons and nations have become so used to the fiat currency and the general banking system, they would feel that its not going to be a reality but with the increasing number of nations already accepting bitcoin in their country, it might only take few giant nations to accept it and some key persons to see the positive side of it and bring it to the audience and in no time it would become a global reality.
January 03, 2024, 01:20:51 AM
First, let's watch this short video.
In the interview, Bill Gates was trolled about Internet capacity to handle a podcast, just a podcast, not a video, movies or livestream like we have nowadays.
Born in doubt, the Internet changed the world entirely and I see some similaries and potentiallities of the Internet and Bitcoin. Now, let's read some more resources
Coming days will be very chaotic with SEC. and Bitcoin Spot ETFs but if you have bitcoins, spend time to read above and hold your bitcoin. Best has yet come, even without Bitcoin Spot ETF approvals, best has yet come, I repeat!
In the interview, Bill Gates was trolled about Internet capacity to handle a podcast, just a podcast, not a video, movies or livestream like we have nowadays.
Quote
In the first six years of the WWW (1990-1996), less than 1% of the world used the internet.
The internet’s adoption curve was marked by a really slow beginning when it was only interesting to tech experts. This is similar to the early days of Bitcoin. We can observe the growth of Bitcoin through its value as the number of holders increases the currency’s worth. Sixteen months after Bitcoin was created, its value was still at only $0.004.
(World Bank, Wells Fargo)
The internet’s adoption curve was marked by a really slow beginning when it was only interesting to tech experts. This is similar to the early days of Bitcoin. We can observe the growth of Bitcoin through its value as the number of holders increases the currency’s worth. Sixteen months after Bitcoin was created, its value was still at only $0.004.
(World Bank, Wells Fargo)
Born in doubt, the Internet changed the world entirely and I see some similaries and potentiallities of the Internet and Bitcoin. Now, let's read some more resources
- Can Crypto Match the Internet and Hit 5B Users?
- Internet vs Crypto Adoption: How Do Their Adoption Curves Compare?
- Internet vs. crypto adoption chart predicts 1 billion users by 2027
- You're still early: An objective look at Bitcoin adoption
Coming days will be very chaotic with SEC. and Bitcoin Spot ETFs but if you have bitcoins, spend time to read above and hold your bitcoin. Best has yet come, even without Bitcoin Spot ETF approvals, best has yet come, I repeat!
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