Why Bitcoin Now – BitcoinTINA – Bitcoin Magazine Podcast
Listen to BitcoinTINA on Bitcoin Part 1 – The Bitcoin Magazine Podcast
Listen to BitcoinTINA on Bitcoin Part 2 – How to value Bitcoin and think about “SoV”.
Listen to BitcoinTINA on Bitcoin Part 3 – How to Think about Investing in Bitcoin
Listen to BitcoinTINA on Bitcoin Part 4 – The Path to 100 Trillion USD (Repricing the World in Sats)
During Part 1, BitcoinTINA discusses innovation/technology adoption: Consider the following:
All revolutionary inventions are initially rejected. We humans have a hard time accepting major technology shifts until they’re mostly complete.
1876: “The Americans have need of the telephone, but we do not. We have plenty of messenger boys.” — William Preece, British Post Office.
1876: “This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication.” — William Orton, President of Western Union.
1889: “Fooling around with alternating current (AC) is just a waste of time. Nobody will use it, ever.” — Thomas Edison
1903: “The horse is here to stay but the automobile is only a novelty – a fad.” — President of the Michigan Savings Bank advising Henry Ford’s lawyer, Horace Rackham, not to invest in the Ford Motor Company.
1921:“The wireless music box has no imaginable commercial value. Who would pay for a message sent to no one in particular?”
1946: “Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.” — Darryl Zanuck, 20th Century Fox.
1955: “Nuclear powered vacuum cleaners will probably be a reality within 10 years.” — Alex Lewyt, President of the Lewyt Vacuum Cleaner Company.
1959: “Before man reaches the moon, your mail will be delivered within hours from New York to Australia by guided missiles. We stand on the threshold of rocket mail.” — Arthur Summerfield, U.S. Postmaster General.
1961: “There is practically no chance communications space satellites will be used to provide better telephone, telegraph, television or radio service inside the United States.” — T.A.M. Craven, Federal Communications Commission (FCC) commissioner.
1966: “Remote shopping, while entirely feasible, will flop.” — Time Magazine.
1981: “Cellular phones will absolutely not replace local wire systems.” — Marty Cooper, inventor.
1995: “I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.” — Robert Metcalfe, founder of 3Com.
2005: “There’s just not that many videos I want to watch.” — Steve Chen, CTO and co-founder of YouTube expressing concerns about his company’s long term viability.
2006: “Everyone’s always asking me when Apple will come out with a cell phone. My answer is, ‘Probably never.'” — David Pogue, The New York Times.
2007: “There’s no chance that the iPhone is going to get any significant market share.” — Steve Ballmer, Microsoft CEO.
Original Forbes article 15 Worst Tech Predictions Of All Time
Did you dismiss AOL, then Yahoo? Cell phones? The internet? Did you think it was silly to buy a book online?
Cui Bono? Consider from whom the criticism is coming. Are they credible, or are they just trying to survive?
- Bitcoin won’t work – The banks.
- Uber won’t work – Taxis
- Airbnb won’t work – Hotels
- Netflix won’t work – Cable TV
- E-mail won’t work – Post Office
- Internet won’t work – Newspapers
Are our criticisms just premature because we are early in the revolution?
All tech is clunky at first! Eventually, after layers and layers of UI/UX (user interface/user experience), it becomes easy to use, intuitive. How easy is it to browse the internet, today?
Don’t be this guy:
Leave a Reply