I've suspected it for a while, but I think a lot of the projections about Bitcoin are based on the wrong models.
Most people compare its growth to that of the internet, and the timetables they set for it are based on the growth rates of the internet in the early years.
But, unlike Bitcoin, the internet didn't have the the internet as a foundation to build upon. Since Bitcoin does not have to reinvent that particular wheel, it's reasonable to assume that its spread and adoption will be far faster than what we saw with the rise of the internet.
I've suspected it for a while, yes, but now other people are catching on.
Professional Services firm Ernst and Young, among others, is now advising their clients that the mass adoption of blockchain technology is not decades away, but could be at our doorstep.
It's true that their report only praises "blockchain" as opposed to Bitcoin. But I've never been convinced that one will advance without the other.
I'm as excited as I've ever been, but I'm curious to find out what everyone else thinks.
Does Ernst and Young's confession reveal that major companies are starting to come around? Is Bitcoin the primary beneficiary of such a change in climate?
Let me know in the comments.
Oh it's coming. I have been ridiculed and mocked for years since I purchased my first Bitcoins back in late 2012 and it captured my imagination. I don't talk about it much now because I realized that majority just don't care. They will use it as a tool if its adopted in the same way they don't care about the older tech behind debit/cc networks.
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That's exactly right when people don't need to understand it then we will have mass adoption. Just like we don't need to understand internet protocol to use the internet or credit card payment gateways. People won't even know or need to know they are using bitcoin in the near future :)
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I know.
Still, it's hard to be patient, isn't it? At least, that's how I'm feeling right now.
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