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Author Topic: 2013-02-18 pymnts.com How Owning Bitcoin Is Owning An ETF On Whole Bitcoin Space  (Read 1032 times)
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February 19, 2013, 07:51:01 AM
 #1


http://www.pymnts.com/briefing-room/PYMNTS-International/2013/02/How-Owning-Bitcoin-Is-Owning-An-ETF-On-The-Whole-Bitcoin-Space/

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Taking a step back to look at the whole Bitcoin picture, you need to travel back in time to 1994. This was the early days of the Internet. Just one year prior, in 1993, NCSA Mosaic launched as the first “web browser”, and the reactions varied wildly. Entrepreneurs saw the innovation and got to work, but investors didn’t have many options for viable investments. And there seemed to be an article every other day “the Internet is bad, the Internet is dangerous, the Internet is full of scams”.

Fast-forward 20 years to the present day, replace “the Internet” with “Bitcoin”, and read today’s news. “Bitcoin is bad, Bitcoin is dangerous, Bitcoin is full of scams” are basically the headlines you will find today. It’s the same articles from 20 years ago. They were wrong then, and they are wrong now.



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February 19, 2013, 08:17:35 AM
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In the past 3 months, the innovation coming to Bitcoin and bitcoin-related services has accelerated.

I have to disagree, with this statement, I still think the innovation is pretty stale in the community. I think most people just want a easy site to code and to great rich quick. I have only seen a handfull of sites/businesses that have really impressed and look like they were thinking out of the box. I think we have a lot of creative hurdles to get over and I think the people that see that can capitalize on it. Otherwise the article was a great read, I really liked how you compared VOIP and Bitcoin in the sense that a business would use both to save money and adopted. I think that gives a good analogy to how Bitcoin works for businesses that can harness it's power.

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February 19, 2013, 09:49:47 AM
Last edit: February 19, 2013, 10:00:41 AM by marcus_of_augustus
 #3

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In the past 3 months, the innovation coming to Bitcoin and bitcoin-related services has accelerated.

I have to disagree, with this statement, I still think the innovation is pretty stale in the community. I think most people just want a easy site to code and to great rich quick. I have only seen a handfull of sites/businesses that have really impressed and look like they were thinking out of the box. I think we have a lot of creative hurdles to get over and I think the people that see that can capitalize on it. Otherwise the article was a great read, I really liked how you compared VOIP and Bitcoin in the sense that a business would use both to save money and adopted. I think that gives a good analogy to how Bitcoin works for businesses that can harness it's power.

-1

for misguided whinging. If you are so brilliant to be able to stand in judgement of all those others working away out there (it seems to be a hobby of yours on this forum btw) ... whytf haven't you got your own show on the road?!

Edit : forgot to say nice job to Tony for the article ... good to see a mech. eng. from GIT out there 'making coin'  Wink

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February 19, 2013, 05:59:45 PM
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In the past 3 months, the innovation coming to Bitcoin and bitcoin-related services has accelerated.

I have to disagree, with this statement, I still think the innovation is pretty stale in the community. I think most people just want a easy site to code and to great rich quick. I have only seen a handfull of sites/businesses that have really impressed and look like they were thinking out of the box. I think we have a lot of creative hurdles to get over and I think the people that see that can capitalize on it. Otherwise the article was a great read, I really liked how you compared VOIP and Bitcoin in the sense that a business would use both to save money and adopted. I think that gives a good analogy to how Bitcoin works for businesses that can harness it's power.

-1

for misguided whinging. If you are so brilliant to be able to stand in judgement of all those others working away out there (it seems to be a hobby of yours on this forum btw) ... whytf haven't you got your own show on the road?!

First off I don't know what your even saying, but if you think innovation is high in the community you need to go look around. I never said I was brilliant and doesn't take smarts to see that the innovation is very stale in the community if you want to believe it or not. Every time there is a new way to make some quick bitcoins it seems there is hundred sites the next month all doing it. While some people call that competition and we need competition, I think real people will see it is an actually a waste of time and sometimes talent.

Now why haven't I created my own site? Is that your question? The First reason, I do help a lot of people out with there own ideas so I been busy doing that. Also I decided the last ~4-6months that I was going to build a trading bot, and I did. Now that project is over and I am working on a site, so don't worry you will have a chance to criticize my idea soon even enough, even thou it is a new idea being brought to bitcoin.

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February 19, 2013, 11:19:01 PM
 #5

Sometimes you need to be the change you wanted.

Not innovative enough? Fill the void!

fortitudinem multis - catenum regit omnia
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February 20, 2013, 03:57:45 AM
 #6

Great article, Tony is undoubtedly one of the more valuable and capable evangelists in our Bitcoin community.  And this article mirrors my own thoughts, whenever friends ask me for low risk investment ideas in the Bitcoin space, I tell them to just buy the coins.
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February 20, 2013, 09:34:14 AM
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Nice article, Tony. Thanks for posting.

Founding Director, Bitcoin Foundation
I also cover the bitcoin economy for Forbes, American Banker, PaymentsSource, and CoinDesk.
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