Post
Topic
Board Bitcoin Discussion
Re: Are Bitcoin and Crypto Really Like the Early Internet?
by
ChiBitCTy
on 03/07/2021, 17:54:13 UTC
If you’ve been following Bitcoin and crypto for more than a few months, you will have almost certainly heard someone comparing cryptocurrency — and blockchain — to the early internet. Well, there are many parallels between cryptocurrency today and the internet at the turn of millennium, not least in terms of both resulting in bullish market activity that skeptics regard(ed) as a bubble. However, it’s still far too early to say just how impactful cryptocurrency will be, and it’s arguable that the data comparing crypto to the internet has been misinterpreted and exaggerated.What are the similarities and differences between the two.
Some tweets comparing cryptocurrency and the Internet:
https://twitter.com/CoinCornerDanny/status/1408342142657892355
https://twitter.com/BTC_Archive/status/1408134902130917378

I don't think this comparison is technically meant to be taken literally.  I think it's more of a figurately speaking type of thing.  It is a good analogy in my opinion. If you are old enough to remember when computers and the internet became cheap affordable enough to be placed in homes and schools, then you will remember how basic things were.  For example computers were much larger, slower, more expensive etc. Just kind of like how bitcoin is right now.  It's still a major modern technology breakthrough, but it's in its early days.  Wallets, while having gotten much better of late, could be comparable to say a floppy disc.  In time wallets will become much more advanced and efficient.

There's a reason Andreas named one of his books what he did..