38 sats \ 1 reply \ @siggy47 25 Dec 2022
This article reminded me of a lesson told in the book "The Price of Tomorrow " by Jeff Booth.Very otherwise intelligent businessman have a blind spot for revolutionary change that directly effects their business, like Blockbuster video completely failing to recognize or address Netflix. Not a direct analogy, but dismissing bitcoin as having failed as digital gold doesn't address the lightning network, cross border payments, and the numerous emerging use cases that will soon change the world.
reply
0 sats \ 0 replies \ @nkmg1c_ventures 25 Dec 2022
Yeah, I think that's a good analogy because I was once an avid Blockbuster customer when I was a kid, and I recall a lot of aversion from my fam in terms of doing any kind of business / purchasing online, even though we had internet fairly early. Bitcoin is kind of like the internet and Lightning and various use cases are the Netflix here.
Some of them have heard of The Internet (Bitcoin) but haven't really extrapolated what is likely to happen next.
reply
0 sats \ 0 replies \ @Eximpius 25 Dec 2022
Didn’t JPMorgan just patent a wallet?? This sounds like BS to make people not buy and try to make the price lower. I read the article.
reply