The Death of Bitcoin
The road of innovation is paved with the corpses of outmoded technologies. Throughout history there are countless examples of a technology presumed to be the “next big thing” starting to gain traction, only to find itself outmoded in the light of a technology that can solve a problem better.
Will this happen to Bitcoin? I don’t know. Unfortunately I don’t have a crystal ball which can tell me that. However, I think it’s an interesting thing to speculate about. Bitcoin is described by enthusiasts as potentially being bigger than the Internet itself (a claim I can’t seem to understand, considering that Bitcoin is an Internet-powered technology), but what if the opposite happened, and Bitcoin wound up being as popular as Betamax cassettes or Napster in the grand scheme of things?
I don’t want to be entirely grim, despite this post’s title. This isn’t intended to be some “Bitcoin is...
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