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Bitcoin Adoption vs. the Adoption of the Internet How the Adoption Curves Compare

You might also remember that the valuations of dot-com companies rivaled the Bitcoin mania we saw in 2017. Back then, online entrepreneurs were becoming billionaires seemingly overnight just for owning a popular name and a nice website.

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Bitcoin Adoption vs. the Adoption of the Internet How the Adoption Curves Compare

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  1. Bitcoin Adoption vs. the Adoption of the Internet: How the Adoption Curves Compare

  2. Are you old enough to remember dial-up Internet or the dot-com bubble of the late 1990s and early 2000s? If you are, you probably remember the days when it took 45 minutes to download a song, and when somebody answering a phone call meant disconnecting from the web entirely. You might also remember that the valuations of dot-com companies rivaled the Bitcoin mania we saw in 2017. Back then, online entrepreneurs were becoming billionaires seemingly overnight just for owning a popular name and a nice website. But as is always the case with investing, a bubble eventually has to burst, and not every investor gets to reap the benefits of ballooning company valuations on the way up. Somebody always gets stuck with the bag at the end of the day. Anybody lucky enough to have invested in Amazon, Yahoo, or Google back then is almost undoubtedly filthy rich all these years later. However, there were also websites like Pets.com

  3. which allowed you to order pets online and have them delivered to your door, and Web Van, an online grocery delivery service that was 30 years ahead of its time. Both businesses completely failed. As is usually the case with technology, the earliest adopters through the door get stuck with the bag. Those that come after proof of concept is obvious reap the benefits.  But in this edition ofNetcoins Progressive investor, we’re going to focus on the adoption curve of the Internet versus the adoption curve of cryptocurrency. Yes, you’ll learn about the risk associated with investing in a nascent technology, but as you’re about to find out, the movement is bigger than that.

  4. The Beginnings of the Internet A certain Netcoins writer you might know and love first got the Internet back in 1995. At 10 years of age, it was a mini-miracle to log onto a peer-to-peer music filesharing service like Napster and be able to download a song by late rapper DMX in 45 minutes or less. Today, when you’re streaming a movie in 4K and it stalls because your Internet signal temporarily gives out, your first instinct is probably to call your Internet service provider and complain. What a difference 25 years can make! But that’s what the Internet was back in 1995. Waiting for your phone to dial into your modem just so you could surf the front page of Yahoo.ca (Google wasn’t a real player in the search engine game yet). Not only that. You were lucky if you could get the page to load in less than 10 or 15 seconds.

  5. Much has changed since then. Although most households in Canada didn’t get the Internet until the mid-1990s, the early adoption of the web started at the beginning of that decade. North America and Europe led the way. As usual, Western societies were first to adopt, and the eastern and developing worlds followed suit later on. To see a visual representation of the adoption curve of the Internet from 1990 to 2019, check out the cool animation on this page from Our World in Data. Internet Adoption Today Here’s the thing about Internet adoption. Although most of us take Internet access and connectivity for granted today, the reality is only 51.4% of people around the world have access to the web through a reliable connection, according to Statista.com

  6. Over 7 billion people are living on planet Earth today. That means there are still more than 3 billion people who don’t have the Internet at all. Isn’t that crazy to think about? When you consider how much we Canadians depend on technology, it only makes sense to wonder about the broader adoption of cryptocurrencies and where we might be on that curve.  Where we were 10 years ago, where we are now, and where we will be in the decades to come might be easier for us to understand if we compare it to the web. But let’s be honest, the adoption of Bitcoin, Ethereum, and other cryptocurrencies has the potential to be significantly more powerful than even the Internet.SOURCE CREDIT: https://netcoins.ca/blog/bitcoin-adoption-versus-the-adoption-of-the-internet-how-the-adoption-curves-compare-where-we-are-on-the-curve-and-what-it-means-for-investors/

  7. THANK YOU FOR WATCHING

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