Exactly my point... I've got 5 bricks... I spin-off 2 of those and call them brix... then I have 9 in total...
Bitcoin forks: Money for nothing, sex for free
- Thread starter Pekelo
- Start date
Exactly my point... I've got 5 bricks... I spin-off 2 of those and call them brix... then I have 9 in total...
No I won't... do you want to know why? Because I'm smarter than to ignore the speculative nature of Bitcoin and that it can go to 10k..20k... whatever... So shorting it is a bad idea.
That doesn't mean it's a good investment. Shorting tulip bulbs would have been a very stupid idea, until at the last moment. Doesn't mean investing in tulip bulbs was a brilliant idea. Lot's of people probably made a ton of money on it, but it's not a sound idea. For speculative purposes... yes... fun to buy tulip bulbs, as a store of value or investment... no.
Same goes for BTC in my opinion. But hey, everyone there own.
I've tried to get a valuation in another thread on BTC. I wasn't trashing it at all... just tried to get an idea of valuation and I came up with a few. Unfortunately the only response I got from the pro-BTC crowd was that it's going up it's going up... etcetc. That's speculation, nothing to to with investing. Again, everyone has there own thing... but I'm not really interested in speculating.
I thought the analogy was obvious. and them being around or not is almost irrelevant. At one point myspace/aol/yahoo were one and only until facebook/gmail/google took over their market.
Pekelo, we are morons...We should have cornered the market on "/".
A brilliant idea lost in time, like ASCII, in data rain. Time...to delete.
gmail=google
So what are the next ones that takeover from FB and GOOG?
I think in robotics and AI. Internet will cease to exist as we know it... it will evolve into something that's there, but not used in the way we mainly use it now. More direct... there all the time... you've got a query and your AI will respond asap. No more sitting behind a screen or on your phone. Hardwired into the brain!
Google already kinda tried it through the google-glasses, but who wants ugly glasses if you can access it through your own neurological network!
gmail=google
So what are the next ones that takeover from FB and GOOG?
Was connecting the dots really that hard? Here, I will do it for you:
myspace>>>facebook
aol>>>gmail
yahoo>>>google
That is how people's choices improved. What and when will replace these? I don't know. I guess it is possible for a product to be very dominant for an extended period of time if its features are good enough and the entry for that market is too difficult or expensive, see Amazon's dominance.
But entering the crypto market is very easy. Actually pushing through an improvement with an existing crypto is much harder than just starting a new one with the new and better features.
People can get fed up Google search spying on them and switch to duckduckgo. Or millenials thinking hanging out with their grandpa on Facebook isn't cool enough anymore. People can be fickle and new feaures are invented all the time, so saying something is "one and only" is just delusion on the square.
Ahh so you think that bictoin was the first? And should be replaced by something final like Facebook?
Well, Bitcoin wasn't the first at all. It was more like this:
ecash/digicash-1995 >> hash cash-1997 >> bit gold-1998 >> Bitcoin-2008.
Oh you think that Myspace was first?
(Geocities and such came much earlier, but how about not bitching about irrelevant part of my analogies?)
None you mentioned used blockchain so yes, bitcoin was first in that regard. Yes, I know about e-Gold and Whoopi Goldberg's internet money, Flooz.
Remember, the most important part of bitcoin is not the price but blockchain, that actually will be useful for other purposes.
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I can do that, but lack the time right now (and in my past posts I spend a lot of effort already: which was mostly wasted by the trolling comments).
If you really want to learn the value of Bitcoin (usefulness + rarity = value) then I strongly recommend you to see all videos in the youtube channel of Andreas Antonopoulos. He is so much better in explaining than me (or any BTC-pro).
https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ
BTC-pro's don't agree, but I will not spend my precious time to you in explaining it over and over again.
You should watch Andreas Antonopoulos on this issue as well.