Are Bitcoin and Crypto Really Like the Early Internet?

[uneng]

I think we can say crypto currency and especially bitcoin have the same potential internet had during its early years. The point is how crypto currency and bitcoin are going to be changed or improved along the years, as internet has been. I believe the main aspect of crypto we know right now, that is decentralization, won't last for too long because centralized institutions have already plans to introduce their governance over digital currencies and those which they can't control are going to be more heavily regulated each new day.

We can say internet aged well through so many years and implementations, but could we say the same about crypto currency in a near future?

[Chato1977]

I think bitcoin and crypto users will surpass the user growth performance compared to internet as years pass.   

Sorry but do i understand this correctly ?


Surpass the users growth ? lol do you really know how much internet users compared to crypto users?

even you are using internet almost half your life but are you using Crypto even 1 hour per day?

[CryptopreneurBrainboss]

If you’ve been following Bitcoin and crypto for more than a few months, you will have almost certainly heard someone comparing cryptocurrency and blockchain — to the early internet.

Don't think bitcoin stands a chances against the internet but if we were to used a more worthy opponent (The cryptocurrency) then we can have a fair completion. Here's what I think, comparing the two came as a result of people not believing them both when they started but in future will be needed for an effective operation of businesses as all businesses will have to rely on them.

Which is why I said using Bitcoin for the comparison won't be a fair one because they're already alternative to bitcoin with the numerous altcoins getting adoption all over so probably if the term cryptocurency was used it'll be more debated.

Both industry have a similarities and they'll end up in the same way dominating their respective fields. Cryptocurrency (hopefully Bitcoin) will take it's rightful place as the king of commence on the internet as it'll be widely accepted as a means of exchanges for goods and services. It's inevitable and just a matter of time so there's no need fighting it as it's already a lost battle.

[davis196]

People,who are comparing cryptocurrencies to the early internet and usually comparing the dotcom bubble with the cryptocurrency price bubbles.They are simply comparing market price trends and patterns,not the technology.
Blockchain technology couldn't exist without internet,so comparing blockchain technology and internet is like comparing an egg to a chicken.
Internet is the foundation and the blockchain technology is one of the additional layers of technology over that foundation.

[dota2bestplayer]

If you use the Internet, anyone with a connection can get information for free. Bitcoin provides financial sovereignty in the same way. Bitcoin separates money from institutions and central authorities, and the Internet separates information from institutions and central authorities.

[Shenzou]

In my opinion, i think that the blockchain network is what is actually comparable to the early internet, bitcoin and cryptocurrency are just the early application of this network, but the possibility and the chances that this new technology offers is beyond we can imagine, the blockchain system can replace every way we  interact with each other, and starting with things like smart contracts and payments and govermment documments, and this is already taking place.

[Karish2return]

In my opinion, the term bitcoin we can say it a blockchain , which is at some position called  the early internet when it was first introduced. That was the point it is likely the early internet for which we can say that crypto is also in the same position.

[GeorgeJohn]

If you’ve been following Bitcoin and crypto for more than a few months, you will have almost certainly heard someone comparing cryptocurrency — and blockchain — to the early internet. Well, there are many parallels between cryptocurrency today and the internet at the turn of millennium, not least in terms of both resulting in bullish market activity that skeptics regard(ed) as a bubble. However, it’s still far too early to say just how impactful cryptocurrency will be, and it’s arguable that the data comparing crypto to the internet has been misinterpreted and exaggerated.What are the similarities and differences between the two.
Some tweets comparing cryptocurrency and the Internet:

In some certain extent they are two major difference thing between blockchain and internet, without been told, internet has been in existence before a blockchain no matter the connectivity of cryptocurrency blockchain, in this scenario we all aware that internet is information storage while blockchain just focus on data, record of cryptocurrency but specifically bitcoin, so the comparison is so simple and quite understandable to human comprehension, further more it's obvious that bitcoin which sub branches of cryptocurrency can't do without the application of internet, all the processor of blockchain rely on internet.

[Poker Player]

I don't think it is like the early internet, as most opinions have pointed out. What I do believe is that in terms of adoption we are where the Internet was in 1995-2000. This market still has a lot of growing to do.

[BitcoinPanther]

Well I think they really are like the early internet.  The hype and the volatility of the market resembles the early internet.  Aside from that, the rampant scam projects that flocks in the crypto industry and the crazy ideas on integrating anything to blockchain technology is the same during the early internet.

[indo1]

it's deeper than the internet, but bitcoin is still not trusted by everyone, in contrast to the internet that is properly trusted and used by everyone, and the internet is also now very broad in reaching all information, while bitcoin focuses on the financial industry, it is possible that it will be the same as the internet in the future.

[Sayeds56]

Bitcoin is even better than internet was back in the days because more people are now using Bitcoin than people used internet after same years of existence, and it's just getting started.
Imagine few more countries adopting Bitcoin as legal tender like in El Salvador and all dominos will fall in other countries, and number of Bitcoin users will increase a lot.

Block chain and Bitcoin are here to stay and can even surpass the progress made by internet in future. I think Block chain is the basis of Bitcoin creation so blockchain so it is more important and it  will be used in all aspects of our daily life in coming months and years. It is a wonderful technology and capable to bring out a positive change in all industries including  Travel/tourism and health care.

[ziennakarishma21]

Currently BTC many people see it as a step forward on cryptocurrency but since Wed 3.0 was born they compare it to this wed 3.0 platform as a new type of BTC improvement and make BTC sometimes become the limit. more institutionalized and BTC is the first primitive coin of the cryptocurrency that doesn't seem to be as technologically advanced as some of the later improved cryptocurrencies.

[accounting 181293]

yes right, crypto and internet look the same. at the beginning of the internet there were many people who did not understand, but slowly began to develop and be adopted throughout the world. bitcoin is also like that, many initially doubted. but look today, btc became something valuable. and slowly but surely the whole world began to adopt it.

[kryptqnick]

In terms of adoption rates, it's still possible that Bitcoin will become used by billions in a few decades and that we're still in early years of adoption, as the Internet used around the end of the 20th century. It's a technology that can find more demand in the future, so in this way it's similar to Bitcoin. But we can't know if it'll become as big as the Internet, just like in the 90s nobody knew if Internet was going to remain a thing for nerds or go mainstream. But if we dive into specifics, I think the Internet and Bitcoin are very different, with the former having more potential for a variety of use cases.

[mk4]

I think bitcoin and crypto users will surpass the user growth performance compared to internet as years pass.   

Sorry but do i understand this correctly ?


Surpass the users growth ? lol do you really know how much internet users compared to crypto users?

even you are using internet almost half your life but are you using Crypto even 1 hour per day?

We're comparing the early internet with the current early cryptocurrency situation. Of course there aren't enough people that are using cryptocurrencies right now, just as there are only a few people who are using the internet back then.

[ten seventy]

Not really. Internet is a different thing and bitcoin does also. Both system works great and being loved by the people but they are different system. Well, internet for me was one of the real and innovative inventions or creations. It made life easier in a broad applications especially ij work while bitcoin could also be useful but in financial aspects.

[Sayeds56]

Not really. Internet is a different thing and bitcoin does also. Both system works great and being loved by the people but they are different system. Well, internet for me was one of the real and innovative inventions or creations. It made life easier in a broad applications especially ij work while bitcoin could also be useful but in financial aspects.

Though  Internet and Bitcoin work on different technology but somehow Bitcoin is dependent on Internet to execute transactions, to create smart contracts and many many more activities of Block chain.. Internet is much much bigger thing which is not a luxury but a necessity to run our day to day activities of life.

[suzanne5223]

Are Bitcoin and crypto really like the early internet? Yes but it depends on the area the question was related to for internet/web was once sees as danger to human nature during the early stage cause people only focus on the danger it will cause rather than the benefit and so is Bitcoin either.
Some naive people said a lot of things that Bitcoin and other crypto were uses for the illicit transaction but the shocking revelation Is that only 1% of all illicit are done through crypto while 5% are done through USD alone.

[ropyu1978]

you could say this is an initial idea, where everyone wants change, bitcoin and the internet are connected to each other, at the beginning of the rise of bitcoin connected to the internet, all governments are afraid and use all means to bring down bitcoin, and make accusations against bitcoin, they afraid of competition,