{"id":166,"date":"2014-07-23T05:40:00","date_gmt":"2014-07-23T05:40:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/bitcoin-like-the-internet-in-1995\/"},"modified":"2020-11-08T07:27:44","modified_gmt":"2020-11-08T05:27:44","slug":"bitcoin-like-the-internet-in-1995","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2014\/07\/bitcoin-like-the-internet-in-1995.html","title":{"rendered":"Bitcoin like the Internet In 1995"},"content":{"rendered":"
\n
At only five years old,\u00a0bitcoin
\nis receiving more venture capital investment than early stage Internet
\ncompanies were in 1995. Remember what the Internet was like in 1995?<\/b><\/div>\n<\/div>\n
<\/div>\n
<\/div>\n
<\/b>If you have 27 minutes to refresh your memory, YouTube has a Computer Chronicle video showing what the 1995 Internet<\/a>
\nlooked like. If not, the piece discusses how hard it was to stream
\nvideo, how there was no safe way to process credit cards, how ugly the
\nwebsites looked and how slow the Internet was.<\/div>\n
Things seemed so grim. In 1995 Newsweek<\/i><\/a> ran a piece: “Why the Internet will Fail.”<\/div>\n
\n
<\/div>\n
Sound familiar? These are the same arguments against bitcoin: hardly
\nanyone uses it, it isn\u2019t safe, and it is hard to use. However digital
\ncurrencies are so much cheaper, more convenient and more powerful than
\ntheir analog counterparts that, like the Internet, their widespread
\nadoption seems assured.<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
Which digital currency will triumph? Hundreds or even thousands of
\ncompeting digital currencies have entered the market. So far none has a
\nclear shot at overtaking bitcoin. Bitcoin<\/a>\u2019s network effect is growing at
\na fast rate, making its dominance even more likely.<\/div>\n<\/div>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

At only five years old,\u00a0bitcoin is receiving more venture capital investment than early stage Internet companies were in 1995. Remember what the Internet was like in 1995? If you have 27 minutes to refresh your memory, YouTube has a Computer Chronicle video showing what the 1995 Internet looked like. 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