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I like the following statement as a good way of explaining the slow adoption of BitCoin: Bitcoin is growing 25% faster than the internet in its early years. h

• adventured 11y ago
  1996 wasn't the Internet's early years. Raising more venture capital in non-inflation adjusted terms, is not the same as growing faster. Those are completely different concepts. Also, adjust that for almost 20 years of inflation, and it's half as much. Not to mention that figure only includes a portion of the total VC raised by Internet companies in 1996, it's intentionally misleading in just about every way possible. Even comparing the VC raised, in inflation adjusted terms, would be comically simplistic. What were interest rates in 1996? Beyond that, Bitcoin better grow drastically faster than the Web in 1996: bitcoin gets to ride on top of trillions in investment having already been made into infrastructure and computing. Even if it were true that it's only growing 25% faster than the Web in 1996, I'd say it's moving too slow by a factor of x200. Imagine the laugh we'd be having, if you were to say that the iPhone today was only 25% larger than the Palm Pilot after seven years on the market, despite all the market / infrastructure / Internet advantages that the iPhone gets to enjoy today.