Bitcoin:growth as is car:death

21
1.6K followers

The Cryptocurrencies (BITCOIN etc.), which are based on BLOCKCHAIN TECHNOLOGY, have been invented - it has been done, and it is impossible to forget that cryptocurrencies exist any more than it is possible to forget that the car has been invented.

Automobiles have been used for transportation despite the fact that, at one time, newspapers refered to them as "Terror Wagons", "Instruments of Death" and "Death Dealing Machines", or worse. The Canadian province of Prince Edward Island had the first horseless carriage in British North America way back in December, 1866. In 1907 there were seven cars on the island and they caused enough protest that all cars were completely banned from roads by a government vote of 28-0 for the period 1908 to 1913. Even then cars could only be driven on public roads 3 days a week and it was not until 1919 that automobiles would be given the complete use of Prince Edward Island roads.

No doubt the arrival of the car would cause the end of the horse and carriage industry as BITCOIN is indicating the beginning of the end of the banking industry as we now know it. The rich and powerful of present financial businesses will be seriously disrupted and eventually literally decimated. Jobs will be lost, businesses will go bankrupt, seniors will be confused, but eventually the new technology will emerge with new jobs resulting corresponding transfer of wealth and power to a new class of individuals, new jobs.People will still love horses, but it is more as a hobby and likewise individual will still collect fiat paper money as an interesting passtime.

We can not put the genie back in the bottle and forgo the opportunity to use technology to create a world in which all inhabitant of all continents, young and old, can participate financially. Governments have already started banning or regulating technology, but

It is critical that individuals continue down the path of education (not resistence) until they have an EUREKA moment and the light bulb comes on for them. My moment was during the viewing of a 25 minute video of a presentation by Andreas Antonopoulos - future of bitcoin can reach 300K by 2018. It changed by attitude and I have taken a fork in the road!

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Recent Comments

21

I just love your historical take on things. whats bad today is the fad of tomorrow, and commonplace. great job Roger.

It us one perspective that comes with age. Hopefully it provides wisdom.

My main reason that James Michener is my my favorite writer of historical fiction.

Regards,
Roger

Hi Roger, Thanks for sharing. I need to do some more research I think, as I haven´t reached epiphany yet. Best Alan

Hi Alan,

You have to be a learner to survive here on WA and you will get a learner highs as you complete the new courses. Those highs will equal the runner highs you get from long distant running.

Now just imagine the high millennials get when they bought Bitcoin at $1,000 on Jan. 1, 2018, I meet many of them at the Meet-Ups I attend and I am learning from them the knowledge, skills and attitudes to to experience an investment high and how to avoid a bad trip.

Best regards,
Roger

Thank you, Roger, for sharing. I have a little invested in bitcoin and when it was dipping down around $7000 the people I work with were all too excited to rub my nose in it, asking , hey, Ken, what is bitcoin worth? They aren’t saying anything to me now. Lol.
Ken

I get the same thing and don't talk to relatives and friends about cryptocurrencies, penny mining stocks or gold unless they initiate the conversation. I do go to Meet-Ups where one get a lot of support and understanding.

Thank you Roger. According to coinmill.com 1 bit coin is worth $10,317.40 today. I can remember when it was less than $300.00 What growth.

It has been up and down so much it is like a yoyo. I finally bought a little after watching it for a year and will be holding it for the long run. My expectation is that it will hit 20,000 some time in 2018.

Roger, Blockchain technology is here and we don't know what future holds for us.

If my foresight was as good as my hindsight, I would go to a casino and bet on black 13. Instead I will buy some bitcoin with money I can afford to lose and hold on for a year or two at minimum.

Sounds like you bit the coin Roger! I want to know by end of year if it's the everlasting gobstopper! ;-)

Hi Cindy,

I got tired of meeting Millennials who have "bit the coin" and learning how they think. I always knew that my grandchildren who were raised with a computer in their hand instead of the book, would think and do things differently than me.

Lucky I do like to learn and can still gain the attitude that the risk of cryptos is worth the results I too can achieve.

I saw that video too Roger. I have purchased with Bit Coins once. It was rather a long process but like anything else repeated use will make it easy.

It took me at least 6 months to get through the processes to create an account on an exchange; put in some money in the account:; get a wallet; purchase some; and download the bitcoin to my hard wallet. Of course all the time I was studying. Now that I understand, it is easy and a lot faster.

It's great to have someone looking at this phenomenon. I still have a lot to learn about "Blockchain" technology to see how it fits into the grant scheme of things. I will keep listening and learning.

By the way, which "fork in the road" did you take? Ted

Hi Ted,
By fork in the road, I meant the current path I am taking in life, not a fork of the bitcoin. At my age most of my relatives feel I am to old to go down a new path and should just take it easy. No one thinks I should go back to University and do a M.Sc. in Digital Currency, as I won't be around long enough to benefit from the effort.


Roger

Good luck with your new venture. Don't let the naysayers slow you down; they're only trying to justify their own inaction. Keep us all posted on your progress. Ted

Do what you feel you can do. You and only you are the best judge of what is best for you.

Denara,

When I was young I was a real risk taker and ended bankrupt twice. Manage to rebuild each time, but getting to old to start over so am much more conservative this time around.

Others consider penny mining stocks and cryptos as very risky speculations, but I sleep good at night.

Thanks for your encouraging words.

Roger

The Millenials are giving me some new highs in life and as a learner I just keep on learning. We are all right at home here at WA because we are all high on learning.

I love the learning and "trying" to keep up with the world. But I also love being an educator and helping people in whatever way I can - for those of us who want to learn. My high is learning the methods of how to do that and then seeing other people succeed with their new knowledge.

I hope your Millennials have the same zeal as we do in our quest for knowledge. Keep up the good work, and thanks for the update.

Ted

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