create account

Dot Com vs. Bitcoin Bubble by bitsburgh

View this thread on: hive.blogpeakd.comecency.com
· @bitsburgh ·
$0.04
Dot Com vs. Bitcoin Bubble
<center><h1>These bubbles look very much the same, 
but are also so very different</h1></center>
It's just my opinion, but...although I see some similarities between the dotcom bubble and the CryptoCurrency bubble, I also believe there is big  differences here.  I argue that the time investment and brain power needed to really start learning and understanding crypto, is much greater than the time investment and brain power that was needed to understand and use the internet in 1999.     

I remember first learning about and using the internet.  It was around for quite awhile by 1999, but this was the year of [Napster](https://en.wikipedia.org/wiki/Napster) 
<center><h2>*Oh my God, free music!  Are you kidding me?*</h2></center>
There was finally something that everyone wanted and used, and they didn't have to read volumes on how it operates.  In contrast, I'm not sure if crypto has found its Napster...yet.  

**CNN Special Report on dot.com Bubble, recorded in 1999.**
https://www.youtube.com/watch?v=bUwu5CiESbc

An important quote here:
*"Sales online are only a sliver of total retailing.  And among Fortune's top 100 companies, there is not a single dotcom."*

People are tight with their money, but they are also very tight with their time.  This year of 2018, might not be the year of crypto.  There is so much to come out and so much more to complete testing.  I can see the paradigm shifting, but momentum is really only just getting started.  I'm happy and grateful that platforms like Steemit have arrived.  I don't think that Steemit is the Napster for crypto, but it is certainly a step in the right direction.  

**Bitcoin jumps 1000% this year**
 https://www.youtube.com/watch?v=EgW8ZpjwlnE

An important quote here:
*"...bitcoin is the widest, most important deployment of cryptography to individuals in the history of the world"*

Problem is, Steemit is also pretty complicated.  You don't have to study cryptography to use it, but let's face it, when it comes to time and money, people want to know what's up.  I can relate to the bitcoin naysayers in some aspects.  I personally have great interest in CryptoCurrency.  I am not formally educated in Mathematics, but it greatly interests me.  Cryptography greatly interests me.  

The average person does not give a rats ass about most of this stuff.  I can relate.  I really can.  I'm not into the idea of having to learn about shit that doesn't interest me.  So I can relate.  Throw in concepts of money, now you have people that get angry about bitcoin.  Not only do they have to spend time learning about crypto, it's going to cost money too!

My new approach to teaching and spreading the word about crypto:  I'm not going to waste time arguing about the pros and cons, I'm just going to give direction to those who do really want to pursue this venture.  It's not easy.  Even if you don't directly participate or invest, there is a pretty significant time investment in researching.  Furthermore, there is something new to learn about, pretty much every day.  So if you want to jump into some material, here are some videos that I have found helpful.            

Personally my favorite Bitcoin educator and personality:
**How likely is it that Bitcoin will become obsolete? Andreas M. Antonopoulos**
https://www.youtube.com/watch?v=tBnC9AhKjws


In addition, here are some really cool and well done videos about cryptography:

**Public key cryptography - Diffie-Hellman Key Exchange (full version)**
https://www.youtube.com/watch?v=YEBfamv-_do

**Public Key Cryptography: Diffie-Hellman Key Exchange (short version)**
https://www.youtube.com/watch?v=3QnD2c4Xovk

Thanks so much for paying attention.  
Have a glorious day and God bless.
👍  , , , , , , , , ,
properties (23)
authorbitsburgh
permlinkdot-com-vs-bitcoin-bubble
categorybitcoin
json_metadata{"tags":["bitcoin","steemit","news","cryptocurrency","cryptography"],"image":["https://img.youtube.com/vi/bUwu5CiESbc/0.jpg","https://img.youtube.com/vi/EgW8ZpjwlnE/0.jpg","https://img.youtube.com/vi/tBnC9AhKjws/0.jpg","https://img.youtube.com/vi/YEBfamv-_do/0.jpg","https://img.youtube.com/vi/3QnD2c4Xovk/0.jpg"],"links":["https://en.wikipedia.org/wiki/Napster","https://www.youtube.com/watch?v=bUwu5CiESbc","https://www.youtube.com/watch?v=EgW8ZpjwlnE","https://www.youtube.com/watch?v=tBnC9AhKjws","https://www.youtube.com/watch?v=YEBfamv-_do","https://www.youtube.com/watch?v=3QnD2c4Xovk"],"app":"steemit/0.1","format":"markdown"}
created2018-01-23 14:46:00
last_update2018-01-23 14:46:00
depth0
children11
last_payout2018-01-30 14:46:00
cashout_time1969-12-31 23:59:59
total_payout_value0.040 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,723
author_reputation881,431,279,158
root_title"Dot Com vs. Bitcoin Bubble"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id31,665,451
net_rshares3,856,790,352
author_curate_reward""
vote details (10)
@anniversary ·
<center>http://res.cloudinary.com/duvrfxmpc/image/upload/v1507109534/1-Year_wj6rbu.jpg<h1>Congratulation</h1><b>Today one year ago you joined SteemIt
 Thank you, for making SteemIt great and Steem on for more years to come!</b>
 (You are being celebrated  [here](/steemit/@anniversary/20180130t030022117z-celebration-post))<br/></center>
properties (22)
authoranniversary
permlink20180130t030630665z
categorybitcoin
json_metadata{"tags":["comment"],"app":"steemjs/comment"}
created2018-01-30 03:06:36
last_update2018-01-30 03:06:36
depth1
children0
last_payout2018-02-06 03:06:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length339
author_reputation1,856,978,117,082
root_title"Dot Com vs. Bitcoin Bubble"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id33,448,765
net_rshares0
@cool-mike ·
Great post!! I just finished writing a post about the Bitcoin bubble, you might enjoy it. Check it out if you get the opportunity.

https://steemit.com/cryptocurrency/@cool-mike/my-analysis-is-there-a-bitcoin-bubble
👍  
properties (23)
authorcool-mike
permlinkre-bitsburgh-dot-com-vs-bitcoin-bubble-20180123t144630013z
categorybitcoin
json_metadata{"tags":["bitcoin"],"links":["https://steemit.com/cryptocurrency/@cool-mike/my-analysis-is-there-a-bitcoin-bubble"],"app":"steemit/0.1"}
created2018-01-23 14:46:30
last_update2018-01-23 14:46:30
depth1
children0
last_payout2018-01-30 14:46:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length215
author_reputation7,902,575,898
root_title"Dot Com vs. Bitcoin Bubble"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id31,665,558
net_rshares775,438,313
author_curate_reward""
vote details (1)
@maxdigi · (edited)
In a few days we will be recovering and prices will fly to the sky again!
HODL tight!

Cheers
properties (22)
authormaxdigi
permlinkre-bitsburgh-dot-com-vs-bitcoin-bubble-20180123t145655363z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-01-23 14:56:42
last_update2018-01-23 14:56:54
depth1
children2
last_payout2018-01-30 14:56:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length93
author_reputation613,636,122,357
root_title"Dot Com vs. Bitcoin Bubble"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id31,667,532
net_rshares0
@bitsburgh ·
I hope you're right buddy.  I think winter is here.  We'll see prices fly, along with dragons in the sky.  Because once Game of Thrones is back on, that's when HODLing might pay off.  I personally don't want to HODL, it's better to actually use crypto in my humble opinion.  It is probably not sound investment advice, but it is better for this newer system, if we see actual use.  Thanks for commenting.  Cheers!
properties (22)
authorbitsburgh
permlinkre-maxdigi-re-bitsburgh-dot-com-vs-bitcoin-bubble-20180123t150500389z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-01-23 15:05:00
last_update2018-01-23 15:05:00
depth2
children0
last_payout2018-01-30 15:05:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length413
author_reputation881,431,279,158
root_title"Dot Com vs. Bitcoin Bubble"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id31,669,204
net_rshares0
@squares ·
![hodl.jpg](https://steemitimages.com/DQmYFTM3g3mJRYPtNJwkp1FpsUNNDWxXKr1ZqQ9CQfL4Xxt/hodl.jpg)
👍  
properties (23)
authorsquares
permlinkre-maxdigi-re-bitsburgh-dot-com-vs-bitcoin-bubble-20180123t150457297z
categorybitcoin
json_metadata{"tags":["bitcoin"],"image":["https://steemitimages.com/DQmYFTM3g3mJRYPtNJwkp1FpsUNNDWxXKr1ZqQ9CQfL4Xxt/hodl.jpg"],"app":"steemit/0.1"}
created2018-01-23 15:04:57
last_update2018-01-23 15:04:57
depth2
children0
last_payout2018-01-30 15:04:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length95
author_reputation2,627,923,988,385
root_title"Dot Com vs. Bitcoin Bubble"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id31,669,184
net_rshares617,220,000
author_curate_reward""
vote details (1)
@metuahpikee ·
hello @bitsburgh, i am a newcommer in steemit, i hope the support from you all. please visit my blog

thanks
properties (22)
authormetuahpikee
permlinkre-bitsburgh-dot-com-vs-bitcoin-bubble-20180124t032220508z
categorybitcoin
json_metadata{"tags":["bitcoin"],"users":["bitsburgh"],"app":"steemit/0.1"}
created2018-01-24 03:22:21
last_update2018-01-24 03:22:21
depth1
children0
last_payout2018-01-31 03:22:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length108
author_reputation20,098,412,662
root_title"Dot Com vs. Bitcoin Bubble"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id31,809,962
net_rshares0
@squares ·
![futures.jpg](https://steemitimages.com/DQma3ppF6WSbR7Bh7PDXYEkCqExt23Fhnw3oWZasgir2X9y/futures.jpg)
👍  
properties (23)
authorsquares
permlinkre-bitsburgh-dot-com-vs-bitcoin-bubble-20180123t144726544z
categorybitcoin
json_metadata{"tags":["bitcoin"],"image":["https://steemitimages.com/DQma3ppF6WSbR7Bh7PDXYEkCqExt23Fhnw3oWZasgir2X9y/futures.jpg"],"app":"steemit/0.1"}
created2018-01-23 14:47:24
last_update2018-01-23 14:47:24
depth1
children3
last_payout2018-01-30 14:47:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length101
author_reputation2,627,923,988,385
root_title"Dot Com vs. Bitcoin Bubble"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id31,665,755
net_rshares759,367,053
author_curate_reward""
vote details (1)
@bitsburgh ·
So there really is no end to manipulation?  It seems like there will always be someone with more money, more power, more incentive to push their agenda.  Thanks for commenting.  Cheers!
👍  
properties (23)
authorbitsburgh
permlinkre-squares-re-bitsburgh-dot-com-vs-bitcoin-bubble-20180123t145729930z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-01-23 14:57:30
last_update2018-01-23 14:57:30
depth2
children2
last_payout2018-01-30 14:57:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length185
author_reputation881,431,279,158
root_title"Dot Com vs. Bitcoin Bubble"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id31,667,672
net_rshares331,830,000
author_curate_reward""
vote details (1)
@squares ·
Yea, but the fact is that at a certain point, those people with their big volumes won't mean nearly as much in the grand scheme of things if there's mass adoption. We're talking a GLOBAL market, not just the US. If crypto becomes more widely adopted, market manipulation waves will become weaker and weaker (from what I understand at least).
Feel free to correct me if I'm wrong. Always open to a devil's advocate.
properties (22)
authorsquares
permlinkre-bitsburgh-re-squares-re-bitsburgh-dot-com-vs-bitcoin-bubble-20180123t150426839z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-01-23 15:04:27
last_update2018-01-23 15:04:27
depth3
children1
last_payout2018-01-30 15:04:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length414
author_reputation2,627,923,988,385
root_title"Dot Com vs. Bitcoin Bubble"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id31,669,073
net_rshares0
@steemitboard ·
Congratulations @bitsburgh! You have received a personal award!

[![](https://steemitimages.com/70x70/http://steemitboard.com/@bitsburgh/birthday1.png)](http://steemitboard.com/@bitsburgh)  1 Year on Steemit
Click on the badge to view your own Board of Honor on SteemitBoard.

> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
properties (22)
authorsteemitboard
permlinksteemitboard-notify-bitsburgh-20180130t112202000z
categorybitcoin
json_metadata{"image":["https://steemitboard.com/img/notifications.png"]}
created2018-01-30 11:22:00
last_update2018-01-30 11:22:00
depth1
children0
last_payout2018-02-06 11:22:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length440
author_reputation38,975,615,169,260
root_title"Dot Com vs. Bitcoin Bubble"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id33,546,389
net_rshares0