Bitcoin:growth as is car:death
Published on February 26, 2018
Published on Wealthy Affiliate — a platform for building real online businesses with modern training and AI.
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.
Ready to put this into action?
Start your free journey today — no credit card required.
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!
Share this insight
This conversation is happening inside the community.
Join free to continue it.The Internet Changed. Now It Is Time to Build Differently.
If this article resonated, the next step is learning how to apply it. Inside Wealthy Affiliate, we break this down into practical steps you can use to build a real online business.
No credit card. Instant access.