3 ms·
To use your Google analogy, Google in 2004 might have looked like a "one trick pony" and people thought they were not worth $23 billion. In time Google came up
by thisisit 9y ago
To use your Google analogy, Google in 2004 might have looked like a "one trick pony" and people thought they were not worth $23 billion.
In time Google came up with products like Android, Gmail, Chrome, Youtube etc. They moved away from their "one trick" of relying only on search engine ad revenues and serving ads on those platforms as well. Given that serving up ads is getting costlier if they relied solely on search ad revenues, no one knows what might have happened.
So, on that note pray tell what kind of diversification is happening in bitcoin? People can't even let go of a simple change like the block size. There is so much infighting for it that any thing else looks impossible.
Unlike what people, specially bitcoin supporters, think many believe blockchain has a future but not like this hype fueled boom. As the same guy noted in the end -
"Sago noted that blockchain is a great technology and one day bitcoin could become a major means of settlement.
“But that will be years away, possibly more than a decade -- so there’s no need to buy bitcoin now. Since no one knows when the bubble will burst, the best thing to do here is to stay away from it,” he said."