http://pandodaily.com/2013/05/17/a-bitcoin-bubble-could-be-good-for-everyone-2/The president of Western Union scoffed at the invention of the telephone, calling it little more than an “electric toy,” and the company informed Alexander Graham Bell that his brainchild to place one in every home was “utterly out of the question.” A couple of years later, Oxford University professor Erasmus Wilson predicted that when the 1878 Paris Exhibition closed, the electric light would “close with it and no more will be heard of it.” When Henry Ford sought investors for his car company in 1903 a Michigan banker advised his client against it, forecasting that “the horse is here to stay, but the automobile is only a novelty.” In 1946, Darryl Zanuck, president of 20th Century Fox, said, “Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.”
