http://www.zerohedge.com/contributed/2014-04-08/why-bitcoin-importantThere is a compelling chart of new technologie hype.
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fcapitalistexploits.at%2Fwp-content%2Fuploads%2F2014%2F04%2Fhype-cycle.png&t=663&c=fFNp2O8mYivlhw)
From this chart, we know exactly where we are. Merchant Adoptions is what is really going on right now. But bitcoin is something else, something better.
We will have successive bubles while people understand exactly what they can win from this technologie and the market matures.
If we are comparing gold and bitcoin, we are doomed to have a lot of small bubles every now and then, because of the limited supply and the human psychology. Will people accept that?
That is the reason why we use fiat in the beginning. Someone stood up and told every body that he knows how to have perpetuel growth.
the article ends with Goldman Sachs IT analyst Roman Leal:
“in 2013 money transfer fees would have fallen by 90% if Bitcoin had been used. Global transaction fees at retail point of sale, meanwhile, were $260bn on over $10trn of sales. Using Bitcoin those fees fall by almost $150bn to $104bn."
Good to know
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