Is Buying Bitcoin, ETH Now Akin to Buying Internet in the 1990s? – The Coin Republic
Crypto enthusiasts think investing in crypto right now is like buying the internet in 1996, a massive comparison to the nascent technology. Manhattan is believed to be one of the prime properties; people are spending billions for a piece of land. Imagine if someone had bought the whole island when there was nothing; he would now be the richest man.
Satoshi Nakamoto released the white paper for Bitcoin on January 3, 2009, and the world changed foreverthe people who have invested and held on to their investments since are among the richest now. To better understand how investing in crypto is related to buying the internet, one must consider the era of the mid-1990s.
Facebook (Meta) will arrive after eight years, Apple Inc. is on the verge of bankruptcy, Microsoft is still the king of desktop operating systems, Amazon is a tiny online book store, Netflix has just started a mail-order DVD rental service, and Google is only a research project at Stanford University. Everyone knows where these giants are now, changing the face of technology and getting rich simultaneously.
Crypto is believed to be increasing, giving less time for the advisors to react. Lack of regulatory infrastructure, events like FTX-saga, crypto winter, and Terra ecosystem collapse, along with numerous hacks, exploits, and frauds. These scenarios have dwindled the faith of retail investors, and only high-net-worth individuals or those who are crazy enough to hold on are bullish on crypto.
With the world economy going through its most problematic phase in decades, crypto is a viable option. The main goal behind the emergence of cryptocurrency was to provide an alternative financial system, remove the intermediaries from the equation, and pass the power to the masses. The crypto industry faced its fair share of criticism but is now garnering interest from almost every sector of society.
A tech investor in 1990 would have had Netscape, Lycos, Excite, Microsoft, etc., in the portfolio. But since most are no longer functional, the investment went down the drain. It took years for Google to surpass Microsofts market capital. Currently, Facebook, Amazon, Apple, Netflix, and Google (Alphabet) or FAANG stocks are believed to be the best for the long term.
Instead of investing in either of the companies, investors would have bought the internet protocol. The base layer on which these companies operate would make the investor immensely powerful if preowned by a person. The companies would either buy the protocol or pay hefty rent to use the technology.
Similarly, investing in cryptocurrencies like Bitcoin and Ethereum would be like investing in internet protocols like TCP/IP and HTTP. These internet standards are considered lower-level standards that facilitate secure data transmission across the internet. Also, they serve as the foundation for complex applications at higher levels.
Bitcoin and Ethereum are similar to these protocols. Even if they are Layer-1 solutions facilitating fund transfer across the network. But they also serve as the foundation for building complex protocols, decentralized applications (dApps), smart contracts, etc.
When the demand for these higher-level complex applications increased with the advancement of the internet, the base layers became extremely valuable and essential. Similarly, with ongoing advancement in the crypto industry, Ethereum and Bitcoin blockchain serve as foundations for current and future applications. Their value might gain immensely in the future.
The protocol standard of Bitcoin and Ethereum would serve as a building block for future applications. Experts argue that Bitcoin might not allow such development, but a similar thing was said for TCP/IP or HTTP at the beginning.
In 1994, the internet was weird and scary; only enthusiastic and tech-savvy people were excited about it. The same is the current scenario for Bitcoin; its weird and scary, and only a select number of people are excited. Since the 1990s, many internet companies have vanished, and only the strongest survived the dot-com bubble bust. Similarly, only select have survived the crypto winter, and they might soon be more than what people believe them to be.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Read the original post:
Is Buying Bitcoin, ETH Now Akin to Buying Internet in the 1990s? - The Coin Republic
- 'I've moved on to other things' Satoshi Nakamoto's final email revisited after 13 years - Cointelegraph - April 26th, 2024 [April 26th, 2024]
- Satoshi Nakamoto Delivered Final Words on Bitcoin 13 Years Ago Today - U.Today - April 26th, 2024 [April 26th, 2024]
- Bitcoin's halving is a major spectacle that's the whole point - Blockworks - April 20th, 2024 [April 20th, 2024]
- From Satoshi to Slots: A Beginner's Guide to Bitcoin Casinos and Their Advantages - Eye On Annapolis - April 20th, 2024 [April 20th, 2024]
- Two potential outcomes for Bitcoin if Satoshi Nakamoto's true identity is revealed By Investing.com - Investing.com - March 16th, 2024 [March 16th, 2024]
- Satoshi-Era Bitcoin Wallet Suddenly Revives After 14 Years: Details - TradingView - March 16th, 2024 [March 16th, 2024]
- Satoshi Back? Nakamoto-Era Bitcoin Wallet with 50 BTC Suddenly Comes Back to Life After 14 Years - ZyCrypto - March 16th, 2024 [March 16th, 2024]
- Craig Wright is not Satoshi Nakamoto, The Creator of Bitcoin - Crypto Times - March 16th, 2024 [March 16th, 2024]
- Craig Wright has claimed since 2016 to be bitcoin's purported creator "Satoshi Nakamoto" - pdclarion.com - March 16th, 2024 [March 16th, 2024]
- Craig Wright has claimed since 2016 to be bitcoin's purported creator "Satoshi Nakamoto" - KULR-TV - March 16th, 2024 [March 16th, 2024]
- Ripple's CTO Adds Fuel to Doubts over Craig Wright's Assertion of being Bitcoin's Founders Satoshi Nakamoto - DailyCoin - March 16th, 2024 [March 16th, 2024]
- Ripple CTO Exposes Flaws in Craig Wright's Claim to be Satoshi Nakamoto - TradingView - March 16th, 2024 [March 16th, 2024]
- After UK judge rules Craig Wright is not Satoshi, the mystery endures here are four figures long eyed as Bitcoin's ... - DLNews - March 16th, 2024 [March 16th, 2024]
- Craig Wright has claimed since 2016 to be bitcoin's purported creator "Satoshi Nakamoto" - The Mountaineer - March 16th, 2024 [March 16th, 2024]
- The Only Person on Earth Whos Legally Not Satoshi Nakamoto Craig Wright Gets Brutally Trolled as His Bitcoin-Related Claims Stand Discredited -... - March 16th, 2024 [March 16th, 2024]
- Who Is Satoshi Nakamoto? Court Rejects Craig Wright's Claim To Be Bitcoin's Inventor By Benzinga - Investing.com UK - March 16th, 2024 [March 16th, 2024]
- Calvin Ayre leaves X after court finds Craig Wright is not Satoshi - Protos - March 16th, 2024 [March 16th, 2024]
- Ethereum-based Satoshi Nakamoto Impersonator Suffers 93.16M cDAI Liquidation - The Crypto Basic - March 13th, 2024 [March 13th, 2024]
- Craig Wright Court Hearing: COPA Accuses Would-be Satoshi Nakamoto of Perjury - CCN.com - March 13th, 2024 [March 13th, 2024]
- Parsing Satoshi: What the Malmi emails reveal about Bitcoin's creator - Cointelegraph - March 13th, 2024 [March 13th, 2024]
- Satoshi-Era DOGE Whale Returns After 10.2 Years of Dormancy - TradingView - March 13th, 2024 [March 13th, 2024]
- Kurt Wuckert Jr: Ignorance of BSV is what keeps it from being the go-to blockchain so far - CoinGeek - March 13th, 2024 [March 13th, 2024]
- Satoshi Nakamoto Is Rolling Over In His Grave As Traders Watch Fed - Forbes - January 31st, 2024 [January 31st, 2024]
- Solana threatens Ethereum's stablecoin dominance, new meme coin surging in presale - crypto.news - January 31st, 2024 [January 31st, 2024]
- Bitcoin halving 2024: Octa expert expectations - Taiwan News - January 31st, 2024 [January 31st, 2024]
- Is Bitcoin Creator Satoshi Nakamoto Back? Enigmatic Post Sparks Speculation By U.Today - Investing.com - January 30th, 2024 [January 30th, 2024]
- The Evolution of Bitcoin and Cryptocurrency: A Decade of Digital Disruption - Medium - January 30th, 2024 [January 30th, 2024]
- JPMorgan CEO's dig on Bitcoin and Satoshi spark BTC hodl rumors on Reddit - Cointelegraph - January 24th, 2024 [January 24th, 2024]
- JPM's Jamie Dimon believes Satoshi Nakamoto will either increase or "erase" Bitcoin supply - CryptoSlate - January 24th, 2024 [January 24th, 2024]
- Why Satoshi Nakamoto is smiling at BlackRocks embrace of Bitcoin - Fortune - January 24th, 2024 [January 24th, 2024]
- Who is Satoshi Nakamoto?. In 2009, Satoshi Nakamoto published the | by Benny Pregarz | Jan, 2024 - Medium - January 24th, 2024 [January 24th, 2024]
- Speculation Rife Over $1.2M Bitcoin Sent to Satoshi; Sei & InQubeta Win Over Investors - NewsBTC - January 24th, 2024 [January 24th, 2024]
- Blur and Bitcoin Cash: Are They the Next to Boom? An In-Depth Look at What's Captivating the Crypto Market - Finbold - Finance in Bold - January 24th, 2024 [January 24th, 2024]
- Satoshi Nakamoto's Legacy and the Future of Bitcoin in Finance - TheStreet - December 30th, 2023 [December 30th, 2023]
- 2023 Crypto Wealth Surge Satoshi Nakamoto Tops With $26B Increase, Industry Titans Follow Featured Bitcoin ... - Bitcoin.com News - December 30th, 2023 [December 30th, 2023]
- UXUY launches the world's first standardized indexer, an inscription Infra embracing Bitcoin and the spirit of Satoshi - InvestorsObserver - December 30th, 2023 [December 30th, 2023]
- The Rebel Satoshi Phenomenon: Can a $50 Investment Really Grow to $5,000? - Analytics Insight - December 30th, 2023 [December 30th, 2023]
- Looking Beyond Bitcoin and Dogecoin: Top Cryptocurrency Picks for 2023 - Finbold - Finance in Bold - December 30th, 2023 [December 30th, 2023]
- Key Cryptocurrencies to Keep an Eye on During a Bull Market: Featuring Litecoin and Rebel Satoshi - Finbold - Finance in Bold - December 30th, 2023 [December 30th, 2023]
- 2024 is the year for enterprise growth and Satoshi's legacy: Calvin Ayre - CoinGeek - December 30th, 2023 [December 30th, 2023]
- What Is A Coinbase Transaction In Bitcoin? - CCN.com - December 19th, 2023 [December 19th, 2023]
- Tracing the Lineage of Cryptocurrencies: A Guide to Bitcoin's Digital Descendants - TechiExpert.com - December 19th, 2023 [December 19th, 2023]
- Bitcoin: 13 Years Ago Satoshi Nakamoto Posted His Last Message - Watcher Guru - December 19th, 2023 [December 19th, 2023]
- Bitcoin in danger as we are 'one chess move away' from 'big problems' - Finbold - Finance in Bold - December 19th, 2023 [December 19th, 2023]
- Ethereum (ETH) Nears Key Support, Cardano (ADA) and Rebel Satoshi ($RBLZ) Fuel Altcoin Momentum - CryptoPotato - December 19th, 2023 [December 19th, 2023]
- Its 13 years today since Satoshi Nakamoto was last active on BitcoinTalk - Tekedia - December 19th, 2023 [December 19th, 2023]
- Trends and Predictions: Bitcoin and the Changing Face of Global Finance - CXOToday.com - December 19th, 2023 [December 19th, 2023]
- Bitcoin Breadcrumbs: Tracing the Path of Cryptocurrency Evolution - Daily Californian - December 19th, 2023 [December 19th, 2023]
- Crypto Expert Adam Back Predicts Bitcoin Going to $100,000 Before ... - Captain Altcoin - September 9th, 2023 [September 9th, 2023]
- Privacy is paramount, and zero-knowledge cryptography is the way - Blockworks - September 9th, 2023 [September 9th, 2023]
- Analyzing The Key Differences And Similarities: BITCI Vs. Bitcoin - Inventiva - September 9th, 2023 [September 9th, 2023]
- Regulatory Challenges: How Governments Are Responding to ... - The Coin Republic - September 9th, 2023 [September 9th, 2023]
- Bitcoin Ordinals Vs. NFTs: Analyzing Signuptoken.com And ApeCoin - Tekedia - September 9th, 2023 [September 9th, 2023]
- 'In Early' Podcast talks to Nick Smart about Bitcoin, Dr. Craig Wright ... - CoinGeek - September 9th, 2023 [September 9th, 2023]
- The Promises and Pitfalls of Bitcoin, and the Looming Threat of a ... - C2C Journal - September 9th, 2023 [September 9th, 2023]
- Explained: How Drivechain captured the attention of the Bitcoin ... - Protos - September 9th, 2023 [September 9th, 2023]
- Back to school book roundup - Management Today - September 9th, 2023 [September 9th, 2023]
- The conversation is starting to change around legal duties for ... - CoinGeek - September 9th, 2023 [September 9th, 2023]
- The Role of Marketing in Crypto Presales: Unlocking Success for ... - Tekedia - September 9th, 2023 [September 9th, 2023]
- Nakamigos Set To Launch Its Hottest NFTs This Year Can It Bring ... - Inside Bitcoins - September 9th, 2023 [September 9th, 2023]
- Who is Satoshi Nakamoto, the inventor of Bitcoin? - The Coin Republic - August 26th, 2023 [August 26th, 2023]
- How to put words into a Bitcoin address? Here's how vanity ... - Cointelegraph - August 26th, 2023 [August 26th, 2023]
- Similarities Between Bitcoin and Ethereum - Watcher Guru - August 26th, 2023 [August 26th, 2023]
- What Is Bitcoin's Fee-To-Reward Ratio? Cryptopolitan - Cryptopolitan - August 26th, 2023 [August 26th, 2023]
- What Is a 51% Attack in Crypto? Definition and History - Techopedia - August 26th, 2023 [August 26th, 2023]
- With Web3, We Can Build The World We Want To Live In - Entrepreneur - August 26th, 2023 [August 26th, 2023]
- Bitcoin and NFTs collide: Kurt Wuckert Jr. talks to the Morgan Report - CoinGeek - May 22nd, 2023 [May 22nd, 2023]
- Exploring the benefits of holding Bitcoin for long-term investment - The Daily Progress - May 22nd, 2023 [May 22nd, 2023]
- Michael Saylor Highlights Bitcoin Ordinals' Role In MicroStrategy's App Development Vision - TronWeekly - May 22nd, 2023 [May 22nd, 2023]
- Shiba Inu Surpasses Bitcoin In LunarCrush's Top Trending ... - Analytics Insight - May 22nd, 2023 [May 22nd, 2023]
- Op-ed: Why Ordinals, BRC-20 is bad for Bitcoin - CryptoSlate - May 22nd, 2023 [May 22nd, 2023]
- Bitcoin Betting Is a Reality Today: What's Next for the Gambling ... - Bitrates - May 22nd, 2023 [May 22nd, 2023]
- BITCOIN TOWER, The First One In The World, Will Be Built In Dubai - MENAFN.COM - May 22nd, 2023 [May 22nd, 2023]
- How Bitcoin Educates Us About Finance And Economy For Better ... - Blockchain Magazine - May 22nd, 2023 [May 22nd, 2023]
- Will Bitcoin Hit $100k This Year? Experts Believe These 2 Cryptos ... - Analytics Insight - May 22nd, 2023 [May 22nd, 2023]
- From Crypto to Care: How Blockchain Is Transforming Healthcare Data Management - Boldsky - May 22nd, 2023 [May 22nd, 2023]
- US Secret Service holds crypto, other questions answered in AMA session - AMBCrypto News - May 18th, 2023 [May 18th, 2023]
- Bitcoin is the greatest distraction from the greatest disruption ... - CryptoTvplus - May 18th, 2023 [May 18th, 2023]
- Why Emerging Southeast Asia Is Crypto Friendly - Forbes - May 18th, 2023 [May 18th, 2023]
- Top 10 crypto artist Trevor Jones on being rich, rekt and rich again ... - Cointelegraph - May 18th, 2023 [May 18th, 2023]