The title of this article is a line from David Letterman's interview with Bill Gates in 1995, I might be wrong about the year of the interview but we are talking about an interview that was conducted before the 20s most certainly.
The interview was about computers and the internet, the takeaway for me was David's question about broadcasting a baseball game on the internet back then. It was a concept difficult to grasp back then.
Bill Gates explained not only can one listen to the broadcast game on the computer but it can be recorded and watched over and over again which is what we have today, we can re-watch videos or audio as many times as wish.
Does the radio ring a bell? does a tape recorder ring a bell?
What appeared to be mocking the concept back then has evolved into having access to the internet and computers in houses and almost every pocket today.
Below is a 58 seconds video clip of the interview.
Growing up in the 90s I recall how we used to record songs on radio cassettes, we evolved into CDs, memory sticks, and now streaming.
Drawing a comparison of how the internet has evolved and how cryptocurrency is still in its early days, we will notice a similar reaction.
Through the internet, the world has advanced into a digital world where most of us spend our time. We can connect with anyone from any part of the globe, who would have thought zoom calls and meetings will now be a thing decades ago?
With cryptocurrency and blockchain hosted on the internet, we can only imagine how advanced crypto is going to get as it keeps evolving and developers consistently work on the underlying technology.
As far as adoption is concerned, Bitcoin had approximately the same number of users as the Internet in 1997. What is different, however, is that Bitcoin’s adoption rate is much higher as compared to the Internet. It is projected that in the next four years, Bitcoin will have around 1 billion users.
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Interestingly the rate of adoption of cryptocurrency is transpiring at a much faster rate compared to the internet, another five years from now, we might be blown away by how far the space has evolved.
Some might be regretting not taking advantage of the internet in its early days, an excuse for that might be the barrier to entry onto the internet. We are presented with a very limited barrier of entry for Blockchain and cryptocurrency, anyone can tap into any open-source blockchain while also being able to transact with any cryptocurrency of choice without any intermediary.
When we look back at how far we have come, we get to see reasons to remain optimistic about the future of cryptocurrency and blockchain technology.
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