Bitcoin is the Pepsi to Coca-Cola :->

[Kakmakr]

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? 

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[franky1]

bitcoin is very much like pepsi... not lemonade (i prefer lemonade and wished bitcoin was lemonade, which it was until ~2014)

anyone can make lemonade in their own house, but try making 'pepsi' and you will end up in court
try changing bitcoin and be shunned by core

as for promoting bitcoin while its still strangled by core decision. at the moment core only want 600k transactions a day
people using visa/mastercard average 42tx a month =1.5tx a day. meaning for bitcoin to be as useful only 900,000 at best users can use it as fluidly as visa/mastercard

could pepsi compete against coca-cola if pepsi set a limit to only manufacture 600,000 bottles a day?
would people bother to buy pepsi if there were only 600k bottle a day to drink, or would they stick with cola or even try lemonade alternatives that offer more utility

in the end pepsi wont be part of peoples daily drink preference but just a collectable drink like vintage wine. only handed to the exclusive/elite crowd. thus dismiss and avoid the very demograph/populous it was initially intended for

[vladimirhf]

could pepsi compete against coca-cola if pepsi set a limit to only manufacture 600,000 bottles a day?

that would make pepsi a premium drink limited to a very small number of consumers, they would have to buy it in very exclusive bars and shops. and you know...in the end of the day it's just a very very bad analogy.

[Mandoy]

I guess bitcoin should not be compared to Pepsi since pepsi is also centralized. All pepsi comes from the company just like how money being printed by the government. I prefer bitcoin to be coffee, before we drink coffee there is a process called mixing just like bitcoin before we can send it we need first to mine it.

But you are right that bitcoin needs more promotion and since it is decentralized we the bitcoin holders should make efforts to share bitcoin to the nearest person beside us. If we continue doing this soon the bitcoin community could grow faster and the use of bitcoin will be unlimited.

[franky1]

I guess bitcoin should not be compared to Pepsi since pepsi is also centralized. All pepsi comes from the company just like how money being printed by the government. I prefer bitcoin to be coffee, before we drink coffee there is a process called mixing just like bitcoin before we can send it we need first to mine it.

But you are right that bitcoin needs more promotion and since it is decentralized we the bitcoin holders should make efforts to share bitcoin to the nearest person beside us. If we continue doing this soon the bitcoin community could grow faster and the use of bitcoin will be unlimited.

to be defined as coffee it has to be used by the starbucks coffee cup network of coffee farms(bitcoin miners) and starbucks dcision makers otherwise its called coffeeCH(bitcoincash) or liteffe(litecoin)
only 600k coffee cups can be used a day. goodluck letting everyone try coffee even if you grind coffee beans into 2,100,000,000,000,000 grains of coffee. your still limited to how many coffee cups starbucks let people drink from each day

[CryptoBry]

bitcoin is very much like pepsi... not lemonade (i prefer lemonade and wished bitcoin was lemonade, which it was until ~2014)

anyone can make lemonade in their own house, but try making 'pepsi' and you will end up in court
try changing bitcoin and be shunned by core

as for promoting bitcoin while its still strangled by core decision. at the moment core only want 600k transactions a day
people using visa/mastercard average 42tx a month =1.5tx a day. meaning for bitcoin to be as useful only 900,000 at best users can use it as fluidly as visa/mastercard

could pepsi compete against coca-cola if pepsi set a limit to only manufacture 600,000 bottles a day?
would people bother to buy pepsi if there were only 600k bottle a day to drink, or would they stick with cola or even try lemonade alternatives that offer more utility

in the end pepsi wont be part of peoples daily drink preference but just a collectable drink like vintage wine. only handed to the exclusive/elite crowd. thus dismiss and avoid the very demograph/populous it was initially intended for

I could not help but quote your post sir franky1 all because I love your comparison between Pepsi and the lemonade to that of Bitcoin. Yes, I agree that we can now liken Bitcoin to that of Pepsi competing with the bigger Cocoa-Cola. Taste tests? Of course, we had that with the faucets that became popular in the early years of Bitcoin. Some similarities are very obvious, indeed.

So the war here is between Bitcoin and the fiat money (representing the traditional economic and banking systems) and just like Pepsi it is trying to gain a big part of Coke's captured market. And just like the Pepsi journey, the road to triumph is not easy and always fraught with dangers, controversies, accusations, bans, half-truth/half-lies, etc. all done to try to stymie the growth and adoption of Bitcoin.

However, since my family has now a diabetic history, maybe I would always prefer the lemonade as it can be rich in Vitamin C, antioxidants, limonene which can be acting as anti-cancer and other nutrients still have to be discovered by science. And just like Bitcoin which can be mined, we can grow our own lemons in the backyard and with enough sunshine and care we just took the time to harvest the fruits and enjoy the results of our labor and toil. So instead of the Pepsi, lemonade can be better analogy and taste good at the same time.

Now, OP should not get me wrong, I just love the Coke vs. Pepsi analogy...that is so classic and an attention catcher!

[franky1]

bitcoin is very much like pepsi... not lemonade (i prefer lemonade and wished bitcoin was lemonade, which it was until ~2014)

anyone can make lemonade in their own house, but try making 'pepsi' and you will end up in court
try changing bitcoin and be shunned by core

as for promoting bitcoin while its still strangled by core decision. at the moment core only want 600k transactions a day
people using visa/mastercard average 42tx a month =1.5tx a day. meaning for bitcoin to be as useful only 900,000 at best users can use it as fluidly as visa/mastercard

could pepsi compete against coca-cola if pepsi set a limit to only manufacture 600,000 bottles a day?
would people bother to buy pepsi if there were only 600k bottle a day to drink, or would they stick with cola or even try lemonade alternatives that offer more utility

in the end pepsi wont be part of peoples daily drink preference but just a collectable drink like vintage wine. only handed to the exclusive/elite crowd. thus dismiss and avoid the very demograph/populous it was initially intended for

I could not help but quote your post sir franky1 all because I love your comparison between Pepsi and the lemonade to that of Bitcoin. Yes, I agree that we can now liken Bitcoin to that of Pepsi competing with the bigger Cocoa-Cola. Taste tests? Of course, we had that with the faucets that became popular in the early years of Bitcoin. Some similarities are very obvious, indeed.

So the war here is between Bitcoin and the fiat money (representing the traditional economic and banking systems) and just like Pepsi it is trying to gain a big part of Coke's captured market. And just like the Pepsi journey, the road to triumph is not easy and always fraught with dangers, controversies, accusations, bans, half-truth/half-lies, etc. all done to try to stymie the growth and adoption of Bitcoin.

However, since my family has now a diabetic history, maybe I would always prefer the lemonade as it can be rich in Vitamin C, antioxidants, limonene which can be acting as anti-cancer and other nutrients still have to be discovered by science. And just like Bitcoin which can be mined, we can grow our own lemons in the backyard and with enough sunshine and care we just took the time to harvest the fruits and enjoy the results of our labor and toil. So instead of the Pepsi, lemonade can be better analogy and taste good at the same time.

Now, OP should not get me wrong, I just love the Coke vs. Pepsi analogy...that is so classic and an attention catcher!

bitcoin WAS lemonade
in 2014 lemonade producers changed the recipe and started making decisions away from open community choice. they still pretend its based on lemonade by still having citric acid as an ingredient. but they are trying hard to become cola by dying the liquid black and adding other stuff.
even where you say anyone can make lemons. well these days you need to be associated with a pepsi branded farm (asic mining pool) to even have a chance to take some lemons and have your own 'pepsi' ingrediant

any citric fruit not grown on a 'pepsi' farm is deemed as a lime/orange or lemon-hybrid(an altcoin) to pepsi

[Swordsoffreedom]

So what is the lemonade of today? Which cryptocurrency is still mineable to average Joe and reflects the 2014 bitcoin the most? Being decentralized, fair start, no pre-mine etc.

[teosanru]

I think is a great Analogy which you have created  I would like to add some more points that Coca Cola is available in all countries over the world except one or two which is just like Fiat while Pepsi isn't that widely circulated around the globe just like Crypto. But the problem here is that even today people tend to buy More of Coca Cola and Coca Cola is a much bigger brand if we look in Soft Drinks.

I guess bitcoin should not be compared to Pepsi since pepsi is also centralized. All pepsi comes from the company just like how money being printed by the government. I prefer bitcoin to be coffee, before we drink coffee there is a process called mixing just like bitcoin before we can send it we need first to mine it.

But you are right that bitcoin needs more promotion and since it is decentralized we the bitcoin holders should make efforts to share bitcoin to the nearest person beside us. If we continue doing this soon the bitcoin community could grow faster and the use of bitcoin will be unlimited.

I think it was just an analogy created for fun Don't try to get in details about it's centralization. Pepsi can never be decentralized. It's a cola company after all. How can Soda be sold over blockchain?

[oleg681010]

In some sense, you can say that this is so, but I do not agree with your idea 100%

[franky1]

So what is the lemonade of today? Which cryptocurrency is still mineable to average Joe and reflects the 2014 bitcoin the most? Being decentralized, fair start, no pre-mine etc.

lemonade as lemonade has also changed. it used to be lemon and sugar water. that anyone can make individually and still be lemonade
now due to altcoins lemonade is not one single recipe. people can make their own tweaks to it and still defined as lemonade as long as it contains lemons
and just like lemonade someone can start their own farm and make their own.
(bitcoin was the only cryptcurrency. until altcoins -> lemonsugar water was the only lemonade. until blackdye, fizzy water and preservatives were added) now bitcoin is the blackdyed fizzycitric acid with sweeteners and no longer lemonade

and lemonade can be a multitude of different recipies(altcoins)
i prefer the original lemonade, not the modern stuff thats been branded and under corporate control

.. but now we are going too far down the rabbit hole of analogies

[sandra_x]

Going with your metaphors, Pepsi tastes better and in time will trump Coca-Cola purely on the fact that it tastes better, soon people will realize the dangers of just being focused on labels.The lobbyists are the ones still forcing Coca-Cola down the throat of many, when the lobby fails, people will decide they actually prefer Pepsi and you then find pepsi in all shops and taverns

[franky1]

Going with your metaphors, Pepsi tastes better and in time will trump Coca-Cola purely on the fact that it tastes better, soon people will realize the dangers of just being focused on labels.The lobbyists are the ones still forcing Coca-Cola down the throat of many, when the lobby fails, people will decide they actually prefer Pepsi and you then find pepsi in all shops and taverns

imagine there being only 600k bottles in the world and the only way to taste pepsi is in thier official bottle and people started paying fee's to hire a bottle for 10minutes
people just start to not want to bother, no matter how glamourous the tv adverts are.

best way to adoption UTILTY is to allow more than 600k pepsi bottles to be handed out. yes some will remark that pepsi will produce 2.1quadrillion drops of fluid. but only 600k bottles can be used and recycled a day. meaning its nice to have but a headache to enjoy/share

lets say bitcoins general population is 6million holders. they are only on average able to do 1 transaction every 10 days
paying more in fees does not cause an increase of transactions allowed. it just means someone else has to wait longer.

seems people dont want UTILITY growth/adoption. seems people just want consumers begging for a taste at any price no matter what the delay would be
which is just some bad economics for any sustainable attempt. people will eventually start to find other drinks that dont limit how often someone can get a bottle handed to them.

[darkangel11]

I guess bitcoin should not be compared to Pepsi since pepsi is also centralized. All pepsi comes from the company just like how money being printed by the government. I prefer bitcoin to be coffee, before we drink coffee there is a process called mixing just like bitcoin before we can send it we need first to mine it.

But you are right that bitcoin needs more promotion and since it is decentralized we the bitcoin holders should make efforts to share bitcoin to the nearest person beside us. If we continue doing this soon the bitcoin community could grow faster and the use of bitcoin will be unlimited.

to be defined as coffee it has to be used by the starbucks coffee cup network of coffee farms(bitcoin miners) and starbucks dcision makers otherwise its called coffeeCH(bitcoincash) or liteffe(litecoin)
only 600k coffee cups can be used a day. goodluck letting everyone try coffee even if you grind coffee beans into 2,100,000,000,000,000 grains of coffee. your still limited to how many coffee cups starbucks let people drink from each day

You Americans... People were drinking coffee long before starbucks was created and you won't even find it in many countries. There's so many coffee brands and if you want you can make your own brand. People are also doing the same thing with cola. Cola nuts aren't a trademark, you can make your own version and store chains are doing just that. In Germany you can find Lidl cola, Aldi cola, and many more. It reminds me of the altcoin market.

[Astvile]

I guess bitcoin should not be compared to Pepsi since pepsi is also centralized.

We are not comparing bitcoins decentralization and pepsis decentralization. We are comparing because government vs bitcoin also happen to be somewhat same as the story behind coca-cola and Pepsi, on how did they find a hole to defeat its mortal enemy the coca-cola and in this term it is cryptocurrency vs the government.

[todiboa]

Bitcoin is familiar to everyone only because of its growth. In most cases, people are faced with ads where everyone calls to make money from BTC. I am sure that people are extremely little aware of Bitcoin and its advantages, but I do not know how to change this. How to promote Bitcoin and explain its real feature?

[Kakmakr]

Ok, franky1 let's not use this thread to bash Core developers, your beef with them is yours.     Pepsi are being consumed by Millions of people around the world today and it is giving Coca~Cola a real run for their money. Bitcoin is doing the same and the rest of the wannabe Coca~Cola Alt coins are biting the dust.  

Pepsi also spend Billions of dollars on marketing to win market share over Coca~Cola, making sure that the Giant <Coca~Cola> never just accept that they have global dominance. Bitcoin is also winning small battles in every country and gaining popularity with the citizens that are only used to the taste of Coca~Cola.  

When Pepsi and Coca~Cola develop a new flavor, they give samples out for free. Where did all the Bitcoin faucets go? 

[febriyana]

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.

[blckhawk]

I find it fascinating for you to come up with your analogy. And yes, I quite agree on that perpective. If your story is true that on a non-biased blindfold taste test, Pepsi got more votes, then your analogy would be on point. (You should've pasted the link of the documentary for people to also watch).

People use fiat because the government backs it up, and living under a government, you feel obliged to use their currency. However, as much as Bitcoin is good as mode of payment, we should not totally abandon fiat. We still need to pay taxes. The only thing that should be change is the perspective of the public about being close-minded and not accepting new modes of currency such as cryptocurrencies.

[Kakmakr]

I find it fascinating for you to come up with your analogy. And yes, I quite agree on that perpective. If your story is true that on a non-biased blindfold taste test, Pepsi got more votes, then your analogy would be on point. (You should've pasted the link of the documentary for people to also watch).

People use fiat because the government backs it up, and living under a government, you feel obliged to use their currency. However, as much as Bitcoin is good as mode of payment, we should not totally abandon fiat. We still need to pay taxes. The only thing that should be change is the perspective of the public about being close-minded and not accepting new modes of currency such as cryptocurrencies.

Someone send me the file, so I do not know where it originated from and if it is copyrighted.    A quick search points to this documentary on Youtube, https://www.youtube.com/watch?v=0Gkv_JxMAkM but I think the current one is, https://www.imdb.com/title/tt9894018/

There are a lot written about the topic, for example : https://www.history.com/news/cola-wars-pepsi-new-coke-failure  <Search for " The Pepsi Challenge " to get more info. 

I did not make this up, it is part of our history. 

[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.

[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.