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Author Topic: [2018-04-15] Bitcoin is ‘Like the Internet in the 1980s,’ Says Brian Kelly  (Read 77 times)
BitcoinArsenal
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April 15, 2018, 12:24:53 PM
 #1

You’ve probably heard it all before: “Don’t you wish you invested in Apple when it was $5 a share? Don’t you wish you invested in Microsoft when it was $5 a share? Well, Bitcoin is the next Apple or Microsoft.” According to Brian Kelly, nothing could be truer. Full article on Bitcoinist
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April 15, 2018, 12:57:46 PM
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I somehow agree on what he is saying. With the internet is paved way on some of the famous websites and services that is being used by consumer until now. With Bitcoin it paved way on Altcoins which are somehow different to Bitcoin in terms of features that have different advantages and disadvantages. Bitcoin's technology is somehow new and I think I like how some uses the idea of Bitcoin in creating their own cryptocurrency. This alone shows us that the cryptocurrency market has a bright future.

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April 15, 2018, 02:52:19 PM
 #3

Totally agree.
I remember when yahoo, apple, google and all those giants came into the internet. I used to see them as tools and don't even gave a thought about investing in them, or about its future. Of course, I was just a teenager, and to me, this kind of improvements were just tools.
Now, to me, the cypto world is the natural an organic step for the internet to take. We all have seen the enormous changes that have taken place in a decade, so, of course, I believe now we are just on the beginning of something as huge as Google, but with one difference: google began as a tool, a search engine, and now it has become something big: Adsense, Analitycs, Youtube... Bitcoin already was born as something huge, a real internet money.
Internet is the present and future. In ten years we all have seen how even the daily day of most of the wide people has been changed. An internet kind of money is that natural path to follow, of course.

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April 15, 2018, 10:00:30 PM
 #4

I like the comparison with the Internet because Bitcoin is in a sense the Internet for money, it's a global and open network, except for sending money instead of data. It has the potential to economically connect people from all parts of the world, something that is not exactly possible now with all the restrictions and regulations that every country has on different payment systems. And while we are still in early days of this technology, the payoff can indeed be as huge as with other innovations.

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April 16, 2018, 12:38:39 AM
 #5

Wasn't Brian Kelly the person on CNBC who did a demo on how to buy XRP on Poloniex, and then it crashed hours later hehehe? That was funny.

His comment about bitcoin is nothing new. Andreas Antonopolous and others have already said something the same years ago. Also, Brian Kelly may be right about bitcoin, but he is one person who we should not listen to.

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April 16, 2018, 10:57:39 AM
 #6

Internet nowadays largely accounts for centralization, and Bitcoin is exactly breaking through that if you so wish, which is what I believe to be a neglected aspect currently, but will gain far more credits and recognition once people realize that centralization affects everything they do. In other words, aside from a tremendous amount of future potential, there is an actual freedom stimulating purpose behind it as well, which for me is the most important aspect.

The point is that people should distance themselves from all the corporations handling the far majority of our digital payments, and Bitcoin is the perfect tool for that. People allowed financial institutions to become what they are right now, and it's definitely time to take back what people deserve, which is financial freedom. I know what it feels like if a bank prevents you from spending your hard earned money on something, and that only gave me more motivation to strive for financial freedom. Never let anyone tell you what to do with your own money!

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April 16, 2018, 11:09:52 AM
 #7

I also agree with the position of the author of the article. Blocking is really like the Internet in the late 80's and it's time to get into the last compartment of this train.

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April 16, 2018, 01:51:48 PM
 #8

True enough. We've always talked about this, yet the majority always have skepticism over Bitcoin's viability in the long run. Although just for comparison purposes, I do not recall the Internet being banned in some States before unlike this time with Bitcoin. Nonetheless, I want to believe there is strength in numbers and when we get that ginormous number, Bitcoin will be like the growth of the Internet. Just look how necessary the latter is at the moment that people's clamor forces governments to give in to such? Like in the Philippines, there is a large chunk of the population asking for its government to act up on slow Internet signal within the Philippine islands.
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April 16, 2018, 06:25:59 PM
 #9

I see people quite often talk about how the average joes of this world don't understand Bitcoin, which is true, but after all the years, they don't even understand the very basics of the internet. In easy terms, people don't necessarily need to understand something in order to benefit from using a certain aspect of Bitcoin. I am certain that even the majority of the people active on this forum don't properly understand the basics of Bitcoin, so we can't and shouldn't expect from the average joe to understand it. As long as Bitcoin is doing for you what you want it to do, it's perfectly fine -- the understanding of Bitcoin will pick up as people demand different types of usage, and this takes time.
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April 16, 2018, 08:30:16 PM
 #10

If we think about 80s internet the only thing that survived until then was the underlying architecture in a much modified form. It's assuming that Bitcoin will be the be all and end all when in reality there's so much shit flying around that it's hard to tell.

It's still the prime candidate by a country mile but it's far from being totally in the bag.

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April 17, 2018, 04:37:39 AM
 #11



I partly agree with this statement. However, we should be expecting many ups and downs and many would lose money and at the same time many can gain...this is just the normal market dynamics that we should be aware with. Hopefully, we the dust will settle we can find Bitcoin and many good projects still standing tall and proud. In my views, the marketplace is now starting to so some cleaning by dusting off projects not worthy of our money. Cryptocurrency is here to stay...the details is coming soon on how things will be.


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April 17, 2018, 05:00:59 PM
 #12

It is a very common scheme. Something innovative pops up, people don't believe in it, banks say that it is stupid and isn't worth investing... and after 20 years this things become an example for new generations of successful projects in which people didn't believe
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April 17, 2018, 05:42:25 PM
 #13

Invest in Bitcoin, now we have the net opportunity to do it and bocme rich soon... the lowest price, the end of crypto winter. Soon price will go up
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April 17, 2018, 06:57:14 PM
 #14

Not sure that these things can be compared, but yes, they have something similar. Hope that bitcon and other cryptocurrencies will face a huge growth soon
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April 17, 2018, 07:16:15 PM
 #15

This is really like that, meanwhile all those companies, Apple and Microsoft, were unsuccessful at the beginning and everyone promised a fall to all those projects. Just remind a story about pizza and bitcoin. Guys of that time must be ready to eat a shit to come back the time and to stay all those coins at themselves!  Grin
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April 17, 2018, 07:24:31 PM
 #16

More like the gold rush of 1849.
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