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Current Criticisms of Bitcoin Are at Least 10 Years Too Early

Current Criticisms of Bitcoin Are at Least 10 Years Too Early




Scott Rose is a professional actor, host, writer, and comedy improviser living in Austin, Texas, and was one of the top professional speakers for Apple Computer at its events nationwide for six years. He is the creator of the viral hit video series Shit Apple Fanatics Say. He recently released his video series Shit Bitcoin Fanatics Say.

The mainstream media often overlooks all the amazing and positive developments that are happening in the bitcoin world, as well as the incredibly innovative and supportive community that is building around bitcoin. To paraphrase Mark Twain: “The reports of bitcoin’s death have been greatly exaggerated.”

Any criticisms of bitcoin at this point are at least 10 years too early. Bitcoin is in its infancy. Criticizing bitcoin today would be like criticizing email in 1985, which was the first year that I starting sending emails. That was at least a decade or more before the world really caught up and email started becoming ubiquitous.

Early email

I was trying to get everyone that I knew onto email in the 80s, but it was too early. The technology hadn’t matured enough yet. People’s eyes just glazed over when I told them about email. It made absolutely no sense to anyone I knew at the time, nor did there seem to be any reason for email.

It sounds so silly to even say that now, but it was truly a completely foreign concept that seemed to have absolutely ZERO value proposition at the time. Even if you could come up with some fanciful reason to send an email, who were you going to email anyways? Barely anybody had an email address!

On top of this, email was extremely slow (dial-up modems at 1200 baud) and extremely expensive ($300 to buy your modem, then CompuServe cost $30 per hour, and there was no such thing as composing an email offline – if you were typing up an email, you were paying).

Email was also extremely complicated (my email address was a set of numbers like “78704,6572″ and you could only email me if you were using the CompuServe service yourself), and people thought email was just a fad (some local computer shop owner yelled at me over the phone when I asked him to email me a price list, telling me that he would never waste his time on email because it took 20 times longer than a phone call).

On the contrary, I loved email because I worked as a 13-year-old writer for Enter Magazine, one of the first computer magazines, and they bought my modem for me and paid for my CompuServe account. Because they were paying, I was logged on three or four hours per day. They required that all my magazine articles be emailed to them via CompuServe.



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This entry was posted on March 9, 2014 by and tagged , .

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