Bitcoin is the Pepsi to Coca-Cola :->

[Duzter]

Op has made a perfect comparison, right now we've got good growth happening with bitcoin even without big marketing. Bitcoin is getting spread through the common discussions, and more people are experimenting it and making their decision strong of using bitcoin and other cryptocurrencies. Pepsi got its success when people tasted it and found better than bitcoin. Same is the scenario with bitcoin, people have been using fiat for a long, now the taste of bitcoin easily gets them start using it for the good as it is much more advantageous than the fiat system.

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[bounceback]

I think bitcoin is better and safer than fiat currency but unfortunately cryptocurrency users are not approved by the government to do transactions every day because their needs are not the same as paper money if the government frees cryptocurrency users in every country like using paper money too, so I believe cryptocurrency is better than paper currency because people are interested in cryptocurrency because they believe it is very safe and easy to store.

[hugeblack]

It is not a black/white Game or 1/0 in the machine language.
The use of cryptocurrencies does not necessarily mean that the neglect of any other currency and the prosperity of BTC payment does not mean that paper money will be gone.
Bitcoin has proven for making cheap/global payments without restrictions, with these advantages, it will be able to compete, especially with the weakness of paper currencies in the above aspects.
Therefore, it can be considered that Bitcoin is the Coca-Cola in cheap transfers and decentralization and Digital coins (Libra and other projects) "Pepsi" to find a gap to compete.

[Artemis3]

I just watched a documentary about the mighty Coca~Cola and how Pepsi found a loophole to compete with Coca~Cola, when several others failed.

Coca~Cola in this example, represents government's Fiat currencies and for years nobody was able to compete with it, because it was the giant in the Industry and it crushed it's competition. 

Lately the decision to use Fiat or Crypto currencies boils down to what people were used to and if the competition is better. Pepsi funded a blind taste test for 1000's of customers and 99% of people said Pepsi tasted better. So the label might influence people's decision to chose a specific option.

Fiat currencies are backed by governments and Banks and people have been using it for years, so the competition should be better and very well marketed for it to replace it.

The question is, are Bitcoin better and are we marketing it aggressively enough for it to be a better choice? People should be able to test it to make a decision and to be able to compare it.

Do you think enough people are given opportunities to taste it, to make that decision? 

No, i don't agree with this analogy. If anything, Bitcoin would be perhaps a natural drink. Pepsi and Coca Cola is like comparing 2 fiats together, say, $ or €, they are almost the same thing, carbonated, sugar based, a bit of caffeine, etc. While Bitcoin is more like Gold.

FYI In the 80ies my country had higher Pepsi sales than Coca Cola (and Betamax ruled over VHS), then the local owners of Pepsi got into an agreement with Coca Cola and jumped ship (and Sony gave up in 1992). When that happened the flavor (of both) changed dramatically and suddenly Coca Cola had the higher sales. They are closer than you think.

The words "Coca" and "Cola" refer to a couple of ingredients no longer present in the current soda version, which is incredibly ironic. But the most prevalent one is sugar anyway (or one of those ugly artificial sweeteners, or a combination of).

[shark1006]

I like your comparison of Coca-Cola and Pepsi with Fiat and Bitcoin. However, we must understand that there is a huge difference. Even if Bitcoin is many times better than fiat in all cases, the government unlikely will approve it. Centralized money is power, and many bureaucrats and presidents dont want to lose this instrument of influence

[ChrisPop]

This is a great analogy, I like it very much. The thing is that Bitcoin is not a company.. it doesn't have CEOs and owners which allocate budget for marketing, research & development, etc. Most people are not willing to invest from their own bitcoins/wealth to create educational/marketing campaigns for Bitcoin and I think they are right. Why would they spend financial and energy resources to market something that is going to benefit all holders not just the ones who contribute. However there are some smart people who could make a nice income from promoting Bitcoin and the blockchain technology. For example the ATMs installed in diverse shopping centres or maybe a consulting business that implements a more efficient solution to manage things around a company.

[mersal]

I like the comparision but is there any taste difference in Pepsi from cocacola. For me both taste similar.

When comes to bitcoin most of them who is hating bitcoin never know what it is they were just saying what they were heard so better let them to know how it works but how to make them to use it!

[Eugenar]

Yes great example, but if we see Bitcoin vs fiat.
There is already known fiat loophole can handled by Bitcoin. But the problem fiat market is worldwide and also have some base government where they agree to accept it.
So if you want Bitcoin like Pepsi, there is need some salesman in every country who can give a info about Bitcoin to government to accept it. If many government regulated to accept it, that is more easy to used in every aspect.

Actually, no, people in each country doesn't really need a special person to influence their government. What a country needs for the sake of better cryptocurrency market adoption is in fact, their own people. In this case, they will figure out that using cryptocurrency in their daily lives has a great impact in their way or manner of living. Wherein, government might notice the necessity to adopt to bitcoin and crypto, and to use it to solve their problems.

[samcrypto]

I like the comparision but is there any taste difference in Pepsi from cocacola. For me both taste similar.

When comes to bitcoin most of them who is hating bitcoin never know what it is they were just saying what they were heard so better let them to know how it works but how to make them to use it!

Taste like a softdrinks, but Coca-cola is more popular around the world that’s the only difference. When it comes to bitcoin, its a sleeping giant that can explode like a Pepsi in the future, people who don’t support bitcoin right now are those who don’t have knowledge about it, if someone will guide them then we might see a different level of bitcoin.

[squatter]

Coca~Cola in this example, represents government's Fiat currencies and for years nobody was able to compete with it, because it was the giant in the Industry and it crushed it's competition.

Coke is better though. Different analogy, please.

Pepsi funded a blind taste test for 1000's of customers and 99% of people said Pepsi tasted better.

They always said "over 50%" preferred Pepsi. Business Insider ran their own Pepsi Challenge and 62% preferred Coke. Which results do you trust?

The question is, are Bitcoin better and are we marketing it aggressively enough for it to be a better choice?

I've always believed that good products sell themselves. That's why Bitcoin was able to bootstrap its entire network from a single user. We don't need marketing.

[The Sceptical Chymist]

I just watched a documentary about the mighty Coca~Cola and how Pepsi found a loophole to compete with Coca~Cola, when several others failed.

Whah?  Back in 1888 when Coca-Cola was invented, there were dozens if not hundreds of competitors around.  I read a book about Coca-Cola since I got interested in its stock, and the history is fascinating.  I'm not sure about the doc you watched, but Pepsi has been battling Coke for decades, and I'm not sure about what loophole you're referring to.

If I had to compare bitcoin to a soft drink, it would definitely be Coca-Cola and the shitcoins (on Yobit, for example) would be like the shitty store brand colas that just don't taste like the real thing.  ETH would be Pepsi, and LTC might be like RC Cola.  Bitcoin has the brand name and the loyal "consumers" and it would take an act of <insert diety here> for that to change.

[pooya87]

i don't think this is a good comparison because at the end of the day both Coca-Cola and Pepsi are pretty much the same thing! and whether you choose one or the other is a matter of preference for the most part and wouldn't make any difference whatsoever!!!
but bitcoin is completely different from fiat (the old centralized systems) as it came along and has been decentralized. so choosing one over the other is not just matter of preference anymore, it is a matter of wanting the actual different characteristics that the difference is going to offer.

[Kyraishi]

It's a very interesting and actually pretty accurate representation of Bitcoin in it's current state, I like it a lot, and would agree with it.

I'd like to add, even though Pepsi 'tastes' better as from the results of the blind test, the biggest problem is that coke is still the more dominant force and it's similar to our current situation.

Crypto-currencies are better developed and more advanced to fiat currencies, but as people are already accustomed to drinking coke, people don't want to change to crypto-currencies, from fiat.

[Kakmakr]

i don't think this is a good comparison because at the end of the day both Coca-Cola and Pepsi are pretty much the same thing! and whether you choose one or the other is a matter of preference for the most part and wouldn't make any difference whatsoever!!!
but bitcoin is completely different from fiat (the old centralized systems) as it came along and has been decentralized. so choosing one over the other is not just matter of preference anymore, it is a matter of wanting the actual different characteristics that the difference is going to offer.

Fiat and Bitcoin also have some characteristics that are the same, but it is different in many ways. Fiat and Bitcoin are both currencies and both are used as a payment method.    Both Fiat currencies and Bitcoin can be traded as commodities. <Forex / Bitcoin exchanges & Bitcoin Futures>

The differences on the other hand between the two currencies are worlds apart, but at it's root it is both either a currency or a commodity. 

Coca~Cola and Pepsi are both soda drinks, but there are subtle differences in the ingredients and the way it is labeled and marketed in different countries.