Topic: Will Bitcoin make the same mistakes as Kodak did? - page 2. (Read 805 times)
Even if technology wise bitcoin is replaced in the future (which im sure it will), Bitcoin will still imo be the gold standard of coins to hold due to investors having confidence in something thats past the test of time. Even with low tps and expensive transactions its still the best crypto to hold as an actual future investment. I would be all for a fork that would add new features and compete with modern coins but this isnt going to happen ever.
You know, it is rumoured that Kodak invented the first digital photo technology, but they swept it under the rug, because they wanted to focus
on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep
them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/
So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs.
The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can
stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had
the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE.
on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep
them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/
So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs.
The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can
stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had
the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE.
Well, your argument is correct and it does not only happen to Kodak but also Nokia and Blackberry have had their own share of dogmancy and they all pay dearly for it. However, I wont want to believe the same fate will befall bitcoin and the reason is simple. Bitcoin actually provides open source where developers can continue to improve upon and banks are even coming in to explore the technology compare to those others that have been carried away by patent and copyright monopoly.
Where did this "rumor" come from? Source?
Well, if you took the time to read the whole post, you might have seen that I included the article that stated that. If you missed it, I will highlight
it in bold black letters for you. --> Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/
If you use Google, you will find that Steven Sasson an engineer at Eastman Kodak invented and built the first electronic camera using a charge-coupled device image sensor in 1975.
Enjoy the article
Where did this "rumor" come from? Source?
You know, it is rumoured that Kodak invented the first digital photo technology, but they swept it under the rug, because they wanted to focus
on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep
them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/
So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs.
The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can
stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had
the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE.
on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep
them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/
So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs.
The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can
stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had
the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE.
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