[2017-12-08] Yahoo Co-Founder believes in Bitcoin

[crypto_fanatic44]

Yahoo co-founder Jerry Yang spoke at the sidelines of the Fortune Global Forum in China. He said that bitcoin’s volatility and technology looks like the “early days of the internet”.

Full article on: http://cryptobible.io/yahoo-co-founder-believes-bitcoin/

[greeklogos]

That's not the first time I see that somebody compares bitcoin with the internet. It's true that this new technology wasn't available to everyone at first, but with time it came in every house (almost). But with this worldwide spreading the internet services due to the competition of those campaigns who provide it become cheaper and cheaper. Do you think that after the mass adoption bitcoin will also loose it's price?

[MoonJeina]

Yahoo co-founder Jerry Yang spoke at the sidelines of the Fortune Global Forum in China. He said that bitcoin’s volatility and technology looks like the “early days of the internet”.

Full article on: http://cryptobible.io/yahoo-co-founder-believes-bitcoin/

This is exactly what needs to be said by everyone who is influential and believes in Bitcoin . Being a new technology getting some acceptance can be pretty difficult . All that needs to be done is understanding the product and then seeing it as a benefit to yourself. In the early days of internet , it was not widely accepted and recognized but today it is the basic requirement of everything .
Such revolution will someday come for bitcoin too . The only think that is needed to push it is the advertisement of Bitcoin's knowledge among evryone.

[veleten]

Yahoo co-founder Jerry Yang spoke at the sidelines of the Fortune Global Forum in China. He said that bitcoin’s volatility and technology looks like the “early days of the internet”.

Full article on: http://cryptobible.io/yahoo-co-founder-believes-bitcoin/

opinions about bitcoin are like a-holes,it seems that every single media person's words
have to be dragged into the news and discussed as a revelation or grounds for an analysis  
it sucks when you have to dig through the "news" like: " "Bitcoins surpassed xx.xxx$ mark", "is bitcoin the new gold?","some guy said bitcoin was something/not something"

[richardsNY]

it sucks when you have to dig through the "news" like: " "Bitcoins surpassed xx.xxx$ mark", "is bitcoin the new gold?","some guy said bitcoin was something/not something"

Indeed. The quality of the news releases has taken a massive dive towards the absolute bottom. It's almost impossible to find a well written article where the writer has (1) no bias, and (2) knows what he is talking about, and (3) doesn't use non confirmed rumors as information source. I however haven't recently seen an article stating that Bitcoin is x times worth more than gold, which is something I was expecting to pop up. It wasn't all that long ago where articles popped up with that Bitcoin has surpassed gold's value, then became twice as valuable, etc. Despite the growth that the entire crypto market has gone through, there doesn't seem to be much actually interesting for them to report about....

[aoluain]

it sucks when you have to dig through the "news" like: " "Bitcoins surpassed xx.xxx$ mark", "is bitcoin the new gold?","some guy said bitcoin was something/not something"

Indeed. The quality of the news releases has taken a massive dive towards the absolute bottom. It's almost impossible to find a well written article where the writer has (1) no bias, and (2) knows what he is talking about, and (3) doesn't use non confirmed rumors as information source. I however haven't recently seen an article stating that Bitcoin is x times worth more than gold, which is something I was expecting to pop up. It wasn't all that long ago where articles popped up with that Bitcoin has surpassed gold's value, then became twice as valuable, etc. Despite the growth that the entire crypto market has gone through, there doesn't seem to be much actually interesting for them to report about....

Totally agree with whats said on this thread.

Just today on a news article i heard that "north korea is stealing bitcoin"
from the article i take it they were focusing on bitcoin, it seems that too
many people want to slam bitcoin, try to keep it down.

There are very few positive news reports about bitcoin so this news of.
Jerry Yang is welcome IMO

[zarados]

Yahoo co-founder Jerry Yang spoke at the sidelines of the Fortune Global Forum in China. He said that bitcoin’s volatility and technology looks like the “early days of the internet”.

Full article on: http://cryptobible.io/yahoo-co-founder-believes-bitcoin/

not surprisingly, co-founder yahoo said such a thing. Initially, mailing with birds, then Post, and finally emerged e-mail. The same will happen to remittances, which used to be a barter system, then transfers with bank account numbers, and finally, at this time, the era for cryptocurrency will begin. These are technological evolutions made by man himself. Only time can determine when a technology will be abandoned.

[iamTom123]

That's not the first time I see that somebody compares bitcoin with the internet. It's true that this new technology wasn't available to everyone at first, but with time it came in every house (almost). But with this worldwide spreading the internet services due to the competition of those campaigns who provide it become cheaper and cheaper. Do you think that after the mass adoption bitcoin will also loose it's price?

It will not. What can drive the price down is competition meaning that more and more are offering the services to the market. In the case of Bitcoin, the supply is quite limited and if there will be a massive mainstream adoption that means more demand for Bitcoin. When you have a limited supply and a growing demand, you should expect astronomical rise in price. However, it can mean that there is a possibility of an improved Bitcoin network due to pressure from the users and hodlers for better and faster transactions at lesser fees.

[hatshepsut93]

It's very interesting to note that most of Bitcoin's opponents are old people from stock markets, banks while Bitcoin's supporters are young or middle aged people with background in software developement, like for example Bill Gates, Winklevoss twins. This means that Bitcoin is not easy to understand to people without some background in programming, so they often claim that it has no intrinsic value and use analogies like tulips or beanie babies. This means that Bitcoin is still very new, and it might take many more years before most of the population will have some basic understanding of it.

[Mark Promo]

Jerry Yang at one time bought a bitcoin for several million, now he advertises it to the price went up