Kprawn (OP)
Legendary
 Offline
Activity: 1904
Merit: 1073
|
 |
February 20, 2017, 04:20:54 PM |
|
You know, it is rumoured that Kodak invented the first digital photo technology, but they swept it under the rug, because they wanted to focus on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs. The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE. |
|
|
|
|
|
|
|
|
If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
Xiaoxiao
Legendary
Offline
Activity: 1274
Merit: 1000
The Golden Rule Rules
|
|
February 20, 2017, 04:25:20 PM |
|
Where did this "rumor" come from? Source?
|
|
|
|
|
Kprawn (OP)
Legendary
Offline
Activity: 1904
Merit: 1073
|
|
February 20, 2017, 04:30:37 PM |
|
Where did this "rumor" come from? Source?
Well, if you took the time to read the whole post, you might have seen that I included the article that stated that. If you missed it, I will highlight it in bold black letters for you. --> Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/
If you use Google, you will find that Steven Sasson an engineer at Eastman Kodak invented and built the first electronic camera using a charge-coupled device image sensor in 1975. Enjoy the article  |
|
|
|
|
audaciousbeing
|
|
February 20, 2017, 04:47:20 PM |
|
You know, it is rumoured that Kodak invented the first digital photo technology, but they swept it under the rug, because they wanted to focus on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs. The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE. Well, your argument is correct and it does not only happen to Kodak but also Nokia and Blackberry have had their own share of dogmancy and they all pay dearly for it. However, I wont want to believe the same fate will befall bitcoin and the reason is simple. Bitcoin actually provides open source where developers can continue to improve upon and banks are even coming in to explore the technology compare to those others that have been carried away by patent and copyright monopoly. |
|
|
|
|
helloeverybody
Legendary
Offline
Activity: 1008
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
|
|
February 20, 2017, 04:53:01 PM |
|
Even if technology wise bitcoin is replaced in the future (which im sure it will), Bitcoin will still imo be the gold standard of coins to hold due to investors having confidence in something thats past the test of time. Even with low tps and expensive transactions its still the best crypto to hold as an actual future investment. I would be all for a fork that would add new features and compete with modern coins but this isnt going to happen ever.
|
|
|
|
Kprawn (OP)
Legendary
Offline
Activity: 1904
Merit: 1073
|
|
February 20, 2017, 04:56:43 PM |
|
You know, it is rumoured that Kodak invented the first digital photo technology, but they swept it under the rug, because they wanted to focus on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs. The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE. Well, your argument is correct and it does not only happen to Kodak but also Nokia and Blackberry have had their own share of dogmancy and they all pay dearly for it. However, I wont want to believe the same fate will befall bitcoin and the reason is simple. Bitcoin actually provides open source where developers can continue to improve upon and banks are even coming in to explore the technology compare to those others that have been carried away by patent and copyright monopoly. Ok, this is not what I am saying.... I know Bitcoin is Opensource and this makes it even more dangerous. What I am saying is... Kodak relied on their strong market & network affect to keep them on top.... This is currently the same with Bitcoin. We were first and a huge network has grown around Bitcoin. We rely on this too strongly and users can quickly change to another technology, if they think it offers better features. A lot of these other Alt coins have better features but they do not have the network yet. This will change over time.... and then Bitcoin will get replaced by these technologies, because it did not concentrate on the needs of their users.  |
|
|
|
|
Senor.Bla
|
|
February 20, 2017, 05:11:00 PM |
|
You know, it is rumoured that Kodak invented the first digital photo technology, but they swept it under the rug, because they wanted to focus on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs. The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE. It always is the same. If you are the first, then you have a valuable head start. This is what Bitcoin has now. But soon other will come and try to compete with you. They will be innovative and if your are not willing to adapt, you will eventually lose ground. Bitcoin will not be overtaken over night, but if it fails to scale in time, another coin will come along and just do the job. The tech world is a fast one and you can raise and also fall quite fast. |
|
|
|
|
Juggy777
|
|
February 20, 2017, 05:27:40 PM |
|
There is no comparison first of all between a Kodak and Bitcoin. Secondly look at the time when Kodak was around and when Bitcoin is around. Bitcoin has done enough for people and it owes no one nothing, it's made us have more cash in our wallets but yet we are yet greedy. Which currency could give you more returns than Bitcoin did, which currency can you trade without being in the worry of yourself being caught. As far as the transactions are concerned you can always pay a fee and get it done faster. I don't think Bitcoin is going to meet a fate like Kodak, even surprised one can think of it.
|
|
|
|
|
amacar2
Legendary
Offline
Activity: 1120
Merit: 1007
CryptoTalk.Org - Get Paid for every Post!
|
|
February 20, 2017, 07:42:17 PM |
|
Bitcoin is scalable however it is hard to reach any consensus because it is decentralized and to implement even a small change in codebase it need lots of time. Have heard about segwit being able to solve the current blocksize and high fee issues but to get it activated it need 95% support but currently support is hardly 25%. Source: http://segwit.co/ |
|
|
|
unamis76
Legendary
Offline
Activity: 1512
Merit: 1005
|
|
February 20, 2017, 11:34:22 PM |
|
Interesting article. Didn't knew this story about Kodak. I remember having a 32MB CF card from them way back when, in the beginning of the digital photography revolution... However they were indeed late to the game, cards didn't really save them, especially a card format that quickly became obsolete.
I can see a bit of similarities with Bitcoin. However, unlike Kodak, we already know what's going to give us success in the future: scaling. What's similar is that we're disregarding solutions and ideas that might allow us to achieve our end goal in a quicker or better way...
|
|
|
|
|
|
poloniexwhale
|
|
February 20, 2017, 11:49:14 PM |
|
You know, it is rumoured that Kodak invented the first digital photo technology, but they swept it under the rug, because they wanted to focus on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs. The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE. And Motorola invented the mobile phone, now is also dead. It was acquired by Google, they are very unlucky, but I hope bitcoin can be the king forever. |
|
|
|
CircleCryptocurrency
Newbie
Offline
Activity: 6
Merit: 0
|
|
January 09, 2018, 11:40:08 PM |
|
You know, it is rumoured that Kodak invented the first digital photo technology, but they swept it under the rug, because they wanted to focus on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs. The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE. just one video here I thought of: https://www.youtube.com/watch?v=-eXAkBAZNEgAbsolutely crazy. Adapt or Die indeed. |
|
|
|
|
Termin_Done
Newbie
Offline
Activity: 1
Merit: 0
|
|
January 09, 2018, 11:50:52 PM |
|
They also thought they had the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE.
I think that adaptation to the customer needs is the most important thing on modern markets. But it is not a "true story" to make such a comparison between such too different examples. |
|
|
|
|
OROBTC
Legendary
Offline
Activity: 2912
Merit: 1852
|
|
January 09, 2018, 11:54:02 PM |
|
...
It could happen that BTC might eventually die if they do not adapt to changing conditions.
But in the short term, I think BTC will stay on top as so many MERCHANTS accept it as payment, first mover advantage as noted above.
Other possibilities:
-- BTC might get lucky, and the BTC World come to a consensus to lower fees and speed up trx
-- BTC might retain its current role as "Store of Value" (like gold is in precious metals), other cryptos might take on the "Medium of Exchange" role if BTC fees stay too high.
-- BTC might die a slow death, perhaps a long & grinding bear market would signal this
|
|
|
|
|
|
EcoChavCrypto
|
|
January 09, 2018, 11:58:10 PM |
|
You know, it is rumoured that Kodak invented the first digital photo technology, but they swept it under the rug, because they wanted to focus
Wait.. what? you are comparing a "crypto" currency, which is money, but digital, with a bussiness of cameras that invented the first digital camera? Mate, you are mixing all the things in here, you can not compare them all because there are 0 coincidences between both. it is like comparing the producers of the new Samsung Galaxy, with the producers of the best brand of Milk on your own country, it sounds crazy, and ridiculous, of course. It makes no sense, and bitcoin will never be eliminated or just dead like a lot of people are saying right now, doesnt matter what. |
|
|
|
coinycoiny
Member
Offline
Activity: 273
Merit: 18
|
|
January 10, 2018, 12:07:32 AM |
|
Kodak had a lot of patents that protected its film/camera business.
It was a very successful business for a very long time. Fair enough it screwed up and didn't change fast enough in the end but a lot of companies end the same way. (blockbuster for example)
I'm afraid bitcoin is making mistakes that kodak didn't, its already not fit for purpose. People now pretend that its intended to be a store of value because its not capable of doing anything else. Other than hype there is literally nothing going for it.
So no, bitcoin won't make the same mistakes because it won't live long enough.
|
|
|
|
|
|
The_Dark_Knight
|
|
January 10, 2018, 12:54:12 AM |
|
You know, it is rumoured that Kodak invented the first digital photo technology, but they swept it under the rug, because they wanted to focus on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs. The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE. Interesting take, but since this post was made the developers have taken some steps to try to remedy the problem segwit is not enough as we have seen, so we need to see if the lightning network is going to be able to solve the issues, I personally believe it will, but the only thing we can do at this point in time is to wait for the day the LN becomes fully operational. |
|
|
|
|
btcgreen63
Jr. Member
Offline
Activity: 98
Merit: 5
|
|
January 10, 2018, 01:10:52 AM |
|
This year old thread is ironic since Kodak today announced investment in blockchain and KODAKCoin.  |
|
|
|
|
spring07
Member
Offline
Activity: 140
Merit: 10
0x5A165891De2a2c8B82c7De19486277e0d5b644DF
|
|
January 10, 2018, 03:34:48 AM |
|
For now, Bitcoin is that go-to guy. Bitcoin is a standard in crytocurrency. No doubt there is need for improvement and ability to meet the market needs.
Citing the examples of Kodak, Nokia, Blackberry gives credence to the possibility of Bitcoin falling down the pecking order.
|
|
|
|
|
joan26
Member
Offline
Activity: 168
Merit: 10
|
|
January 10, 2018, 04:38:31 AM |
|
You know, it is rumoured that Kodak invented the first digital photo technology, but they swept it under the rug, because they wanted to focus on their film technology that worked. { Film made them the market leader in photography and they thought that it would be enough to keep them at the top } Source : http://tech.fortune.cnn.com/2012/01/18/the-kodak-lie/So what do we have here? Bitcoin think because it was the first to market with this technology, they do not need to adapt to the market needs. The market wants scaling and it also wants cheap and fast transactions. Is Bitcoin providing what the market wants? If we think, Bitcoin can stay on top, because we were first to market and we have a established network, then we will go down like Kodak. They also thought they had the biggest share of the market and a big network of people using their technology... and look what happened to them. Adapt or DIE. It may happen, nothings impossible. Bitcoin may take it's fall but when? Maybe when there's another technology come in that's bigger than bitcoins and when that happen of course we also adapt in and move on. |
|
|
|
|
|
