Bitcoin vs Internet early stage - page 2.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: Huobi-USD on September 17, 2015, 04:02:11 AM

Due to Bitcoin has received more venture capital investment than internet in its early stage ($362 vs $250), do you think this could be significant to say bitcoin will be totally success?

not necessarily.

The amount of $ in circulation in 1990's is far smaller than what is in circulation today.

Do an inflation adjusted value system and compare it.

Q7

sr. member

Activity: 448

Merit: 250

It does look that way if you compare based on several indicators. But it could also end up a total failure. Internet does not face so much issue on trust and reputation in the past the way I see it.

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: gentlemand on September 18, 2015, 09:36:52 AM

The comparison should be digital currency vs internet. Bitcoin is just the first incarnation of the idea and it's going to produce countless offshoots that we haven't even thought of yet, most of which won't have much to do with money at all. Maybe it'll continue to be the daddy but it's far too early to tell.

Indeed, to say that bitcoin is going to be the "internet" of internet currency is kind of a stretch when you consider that the internet when it was being developed and adopted by the masses didn't have any alternatives to compete with... it was just the internet.

Myspace was really "the daddy" of social media, but look where that ended up... only time will tell what happens, it's an exciting time in the crypto world that's for sure.

Quote from: Aggressor66 on September 17, 2015, 10:12:48 AM

How the media reaction to digital currencies is exactly the same as the original reaction to "the internet"
https://www.youtube.com/watch?v=s0luLPVHkO4&utm_content=buffer0cd89&utm_medium=social&utm_source=plus.google.com&utm_campaign=buffer

That's an interesting video... haven't seen that before, thanks for sharing!

fkvidar

hero member

Activity: 924

Merit: 1000

Time will tell...Just like Facebook and YouTube, and Yahoo and AOL in their day, this price is entirely based on a belief that it will create value one day.

Kprawn

legendary

Activity: 1904

Merit: 1074

The early investment in Bitcoin projects was encouraging, but the latest trend is to invest in "Private" Blockchain development and that is not good for Bitcoin. If one of these

companies are successful with their own "Private" Blockchain, they will not use Bitcoin as much. If the governments get behind these "Private" Blockchain technology, we

would be in trouble. Most people would not use it out of principle, but if it's forced, it could be a problem. A divided market, is not a good thing. Angry

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

The comparison should be digital currency vs internet. Bitcoin is just the first incarnation of the idea and it's going to produce countless offshoots that we haven't even thought of yet, most of which won't have much to do with money at all. Maybe it'll continue to be the daddy but it's far too early to tell.

MicroGuy

legendary

Activity: 2506

Merit: 1030

Twitter @realmicroguy

Quote from: Huobi-USD on September 17, 2015, 04:02:11 AM

Due to Bitcoin has received more venture capital investment than internet in its early stage ($362 vs $250), do you think this could be significant to say bitcoin will be totally success?

I think if the bitcoin core devs can put their ego's aside and work together, this project could be a total success.

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

I am not sure if they can be compared. The dollars when Internet began had different value than they have right now. Internet has developed a lot because it really has many many uses. Bitcoin does not. There is nothing really comparable to Internet, but Bitcoin can be compared with regular money and lots of different altcoins...

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: Aggressor66 on September 17, 2015, 10:12:48 AM

How the media reaction to digital currencies is exactly the same as the original reaction to "the internet"
https://www.youtube.com/watch?v=s0luLPVHkO4&utm_content=buffer0cd89&utm_medium=social&utm_source=plus.google.com&utm_campaign=buffer

I'm missing the Letterman show from1995 with Bill Gates as a part of that video.
"What is that internet thing?" Cheesy

EternalWingsofGod

hero member

Activity: 700

Merit: 500

Quote from: Huobi-USD on September 17, 2015, 04:02:11 AM

Due to Bitcoin has received more venture capital investment than internet in its early stage ($362 vs $250), do you think this could be significant to say bitcoin will be totally success?

Yes, there is a way to measure this data although it is not well known
http://www.coindesk.com/bitcoin-venture-capital/

If you scroll to the bottom of the page you can see that over the year so far venture capital is already 450 million dollars and it can be broken down by company reading through the list, last year was a huge year at 361.5 million which was a giant step from 2013 at 95 million and 2012 where it was 2.13 million, the multiplier is getting smaller but the amount of money in the system is still growing.

JeWay

hero member

Activity: 952

Merit: 503

Quote from: Amph on September 17, 2015, 05:03:54 AM

bitcoin is more like torrent with money, you exchange data that have a value, nothing more or less

if bitcoin will be successful it's up to the people who are willing to accept it as a new form of payment

It's totally true, cause Bitcoin is Peer to Peer just like torrent works.
And because those are similar, then we can predict what would happen next.

btvGainer

legendary

Activity: 854

Merit: 1000

Quote from: Huobi-USD on September 17, 2015, 04:02:11 AM

Due to Bitcoin has received more venture capital investment than internet in its early stage ($362 vs $250), do you think this could be significant to say bitcoin will be totally success?

Bitcoin cannot survive without internet and internet is not limited to bitcoin.There is no gurantee that bitcoin will get same sucess as internet

Aggressor66

hero member

Activity: 728

Merit: 501

How the media reaction to digital currencies is exactly the same as the original reaction to "the internet"
https://www.youtube.com/watch?v=s0luLPVHkO4&utm_content=buffer0cd89&utm_medium=social&utm_source=plus.google.com&utm_campaign=buffer

yayayo

legendary

Activity: 1806

Merit: 1024

Quote from: HeroCat on September 17, 2015, 09:54:58 AM

Venture capital companies do not have so many good investments too also, so they invest in any good project, like Bitcoins Grin

Venture capital is capital flowing into high risk investments (with potentially very high return). Typically venture capitalists have a broad portfolio of investment targets to mitigate the risk.

The high venture capital inflow to Bitcoin companies is indicative that Bitcoin is seen as a disruptive technology with potentially high returns. However that does in no way mean that success is guaranteed.

ya.ya.yo!

HeroCat

hero member

Activity: 658

Merit: 500

Venture capital companies do not have so many good investments too also, so they invest in any good project, like Bitcoins Grin

coinpr0n

hero member

Activity: 910

Merit: 1000

I hear this comparison a lot and also that bitcoin is just the first application like email was in the early internet. The problem is that email "still sucks" in 2015. Hopefully we can learn from previous mistakes.

Amph

legendary

Activity: 3248

Merit: 1070

bitcoin is more like torrent with money, you exchange data that have a value, nothing more or less

if bitcoin will be successful it's up to the people who are willing to accept it as a new form of payment

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

In one article I have read, if internet is like a father, then it's child is bitcoin. So, comparing these two are not meaningful. Both are based on TCP/IP still has completely different applications.

Huobi-USD

full member

Activity: 133

Merit: 100

Due to Bitcoin has received more venture capital investment than internet in its early stage ($362 vs $250), do you think this could be significant to say bitcoin will be totally success?

Topic: Bitcoin vs Internet early stage - page 2. (Read 1970 times)