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I strongly suggest doing a comparison of O(log n)-style adoption curves between Bitcoin, and say- cell phones, computer networking, or really any innovation tha

I strongly suggest doing a comparison of O(log n)-style adoption curves between Bitcoin, and say- cell phones, computer networking, or really any innovation that became ubiquitous and for which we have the data... I think you'd be surprised at the similarities.

manbart 5y ago
Have any such graphs to share?
JackFr 5y ago
Where we measure adoption by cups of coffee purchase with bitcoin. [1] https://math.stackexchange.com/questions/1322925/is-there-proof-show-that-log-x-is-undefined-and-make-no-sense-at-x-0 https://math.stackexchange.com/questions/1322925/is-there-pr...
PeterisP 5y ago
If I look at the adoption curves of cell phones or computer networking, I see a steady increase. If I look at the adoption curve of Bitcoin as means for payment, the peak was multiple years ago when many companies in my area experimented with accepting it as payment - I could order a pizza with Bitcoin, I could buy an airline ticket, etc; but now those companies have stopped accepting them. There are multiple niches of business which do accept Bitcoin, but overall there has been a significant decrease at least in practical use - there has been some upsurge in digital asset related transactions, but in any case the adoption is certainly not growing exponentially like for other growing technologies, if we look at transaction rates at e.g. https://blockchair.com/bitcoin/charts/transactions-per-second https://blockchair.com/bitcoin/charts/transactions-per-secon... then we're at the same level as of 2017, and below the peak.