Another quote to be added to these in a few years?:
Economist Robert Shiller thinks bitcoin is a fad, like bimetallism was in the 19th century.
"I think gold is a bubble, but it's always been a bubble," hedged Shiller. "It has some industrial uses, but it basically it's like a fad that's lasted thousands of years."
Famous Predictions
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe (the inventor of Ethernet)
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." Robert Metcalfe (the inventor of Ethernet)
"The cinema is little more than a fad. It's canned drama. What audiences really want to see is flesh and blood on the stage." -- Charlie Chaplin 1916
"The horse is here to stay but the automobile is only a novelty - a fad." - The president of the Michigan Savings Bank advising Henry Ford's lawyer, Horace Rackham, not to invest in the Ford Motor Co., 1903
"This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us." - A memo at Western Union, 1878
"[Television] won't be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night." - Darryl Zanuck, movie producer, 20th Century Fox, 1946.
here is a couple more that are worth mentioning
1921: “The wireless music box has no imaginable commercial value. Who would pay for a message sent to no one in particular?”
1981: “Cellular phones will absolutely not replace local wire systems.” — Marty Cooper, inventor.
ah well, there will always be people who get it wrong, and that makes being right so much better... bitcoin at 6k proves a lot
Nice one! Don't forget this one ;)
“The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that the number of potential connections in a network is proportional to the square of the number of participants—becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”
― Paul Krugman, 1998 (Nobel Prize Winner)
He is a real piece of work!
Amazing how wrong he was...
SHILL-er, nomen est omen...
@hilarski - 'Bitcoin is a FAD' :) Sounds good Sir... I like that word :) Yes Sir it's a fad for me <3...
+W+ [UpVoted & ReSteemed]
its great quotes and fabolously expressed with wide vision. i think its true gold will lasted for thousad year and bitcoin is just starting here!
Another fresh attack on bitcoin, signs that bitcoin is more real to me.👌👌
Congratulations @hilarski
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After a series of FUDs, atleast today MinnowsPower hear a FAD...!!!
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@hilarski,
I don't know this news can make a huge pulse on BTC market! But according to my view this is a good news after a long time! Thanks for sharing dude!
Cheers~
Still Most of task doing, came lot of difficulties and troubles. Some of strikers try do break down BTC market. This is same moment i think. However Bitcoin market highly grow up.
Thank you for sharing great post @hilarski
Hahahaha,its just natural for people to comment negatively on an industry that is directly competing with your business!
All these quotes you have stated are of people who were trying to defend their businesses.....
If you guys want to know about all the bad things that have been said about bitcoin,check out this site(and the obituaries are increasing!).
Have a laugh by checking this link below.
https://99bitcoins.com/bitcoinobituaries/
Hi @hilarski, You have nailed it. The people whose quotes you've mentioned might be good in one piece of the overall picture but they're not visionary enough to see the overall picture. This post is very encouraging and a clear-cut proof that Bitcoin or crypto currency is the future of money.
Excellent job!
thanks a lot @hilarski for staying us updated regarding bitcoin.
Excellent article and you are right, at all times, there were people who did not want to put up with progress and new technologies, they wanted to live the old, quiet and calm, because they had everything in life and they were afraid to lose it. From here and all these statements and remarks about the bubble and so on, but I know for sure that the dollar is even more bubble than bitcoin, but they are satisfied with it :) Thanks @hilarski
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another bad attack on bitcoin, but i think bitcoin is strongly growing and it's almost impossible to stop it's growth.
excellent news for btc. good article @hilarski
@resteemia
like janie diamon....
@hilarski I pay very little attention to these ELITE Scoundrels. They are just noise and really know nothing about how Bitcoin Works. We know that Bitcoin works very well for all of Humanity.
Crypto currency quickly gained popularity. There is no way back to the past, and it's not necessary. Bitkoin has a great future. Thanks for the great news.
Thanks for the information of crypto currency. great news
100% like and resteem
ahah it is funny! more f(u/a)d , more value.
@hilarski,
Thanks for sharing famous old predictions.
But according in my view not grow down bitcoin market immediately after this news. BTC grow up very earlier step by step. We don`t need past memory for this situation.
Anyway my opinion is BTC market will do change the world market.
An example of when power goes out of hand.
I really laughed at some of those old predictions...just hilarious, seeing how things turned out. That nobel prize winner, risks being a future laughing stock.
I like what was said Darryl Zanuck movie producer "People will soon get tried of staring at a playwood box every night." But now we have TV with Skype :))
No matter what anybody says about Bitcoin, it will be like a bubble which will never blast just like Gold.
Who can forget this pearl of wisdom and foresight from 1899 ...
"Everything that can be invented has been invented."
~ Charles H. Duell, Commissioner of US patent office
i really believe in what charlie chaplin said 😍 audience need flesh and blood 😍
and about bitcoin they just dont want common people to earn 😍
Haha nice! Interesting article, thanks for sharing!
Does it make any sense to say "a fad that's lasted thousands of years"? Isn't a fad something that comes and goes in a very short period of time?
super bloge i like it
we will probably know in 10 years, everything can change till then.
in the 16 century there was a Tulip mania and people were crazy about them.
always get an own opinion and dont risk everything you have.
Bitcoin to the Moon
We congratulate you. You continue to be the winner in
It's interesting to look at this and to think what are we saying that's just a "fad"? Cause from this history you can really know that anything is possible. Maybe when people thought VR was just going to die. They were wrong, and it's going to become the next big thing. I mean there is so many things that's being invented. So if anybody here is an inventor everybody's going to tell you to give up, or all it is, is just a small trend. So don't give up, keep moving!
Thanks for the information. it is great and very useful.
Thanks @hilarski
Have a nice day
nice psot
Thanks for giving the chance to enjoy this beautiful news!!
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I think bitcoin will be replaced by another , it has got too political now , plus old technology
Great quotes, history love
They can say anything but bitcoin doesn't listen to anyone :D
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Just one voice. Ignore it. 😊
What does that Robert guy know? I went to my 40 year high school reunion and I asked my classmates of old if they got into Bitcoin. Most didn't even know what I was talking about and none of them that I talked to had any. That means there is plenty of room for growth. I wonder what that Robert guy will say when one Bitcoin sells for $50,000?
There have instance where many people have been wrong. No one has seen the future, they can envision it based on their own knowledge, experience & creativity which may not be true all the time.
...repeat infinitely