[Daily Discussion] Friday, December 25, 2015

As someone born in the early 80s and got to grow up watching the internet grow with me, I promise you the public is slow on new tech. The web took 10+ years before most moms and dads were even interested in figuring out what it is. I remember the news coverage of the web in the mid and late 90s, it was a joke, with tons of people not understanding what they were talking about, misinformation like whoa. I remember PayPal being considered absurdly dangerous, as nobody would trust connecting their bank to websites, same with online shopping in general, it took 15 years at least before it wasn't considered weird or questionable. How about cell phones? I remember text messaging in 2001 and people telling me it wastes so much time, why not just call? I remember having a BlackBerry years before the iPhone existed and people asking me wtf I need internet and email on my phone for. I remember people believing (many still do) that Steve Jobs invented the smart phone and tablet, but I had already played with Palms and Newtons yearssss prior. People are idiots. The public is slow. Saturation of technology takes years. Years. What you're seeing in crypto now is basically the mid 90s era of the web, weird, misunderstood, somewhat hard to use, hard to find information on, and most importantly - not fully developed/fully realized in potential.

I don't necessarily believe Bitcoin is the sure bet, it could be the MySpace of crypto and Facebook is just over the horizon, but I do know that this new paradigm, this new protocol of communication and interaction will become common place in some fashion. The only possible way it doesn't will be through the purposeful effort of nations to squash it. Again, it might not be Bitcoin, but this new paradigm, this new merging of pre-existing concepts into something previously unseen, will have a disruptive effect, the likes of which we've just begun to see the hints of. Most of us already well versed on cryptocurrency and the blockchain concept don't even realize the full potential yet. This is a whole new frontier of technological organization, distributed incentivized consensus networks has barely been explored. Barely.

I don't need you to believe me, just do me a favor and don't die before 2025, so you can see the writing on the wall yourself.

/r/BitcoinMarkets Thread Parent