BTC: 5 Computers And The Wild West

    August 12, 2014 | Bitcoin Bitcoin And Computers

    The U.S. Consumer Financial Protection Bureau (CFPB) released a consumer advisory yesterday warning you, my dear friends, about the risks of using bitcoin. Governments and big companies seem to not be sure how to handle cryptocurrency. But we can’t blame them too much; the easiest thing to do when something’s threatening is to pretend that it’s irrelevant, and a fad adopted only by fanatics.

    The internet is a scary place boys and girls – but don’t worry, the governments, mainstream media and corporations have your back!

    Here’s my favorite list of “fads” that only the fanatical could possibly be interested in:

    Computers

    “I think there is a world market for maybe five computers”
    – Thomas Watson, chairman of IBM, 1943

    Telephones

    “This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication.”
    – Western Union, 1876

    The Internet

    “a Wild West frontier town without a sheriff”
    – New York Times, 1996

    Airplanes

    “Airplanes are interesting toys, but of no military value.”
    – Marechal Ferdinand Foch, Professor of Strategy, Ecole Superieure de Guerre

    Data Processing

    “I can assure you that data processing is a fad that won’t last out the year”
    – The editor in charge of business books from Prentice Hall, 1957

    Best to give up now my friends, because “everything that can be invented has been invented”!

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