Nobel Prize Winner Calls Bitcoin a Fad, Check Out History.
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...
@hilarski - 'Bitcoin is a FAD' :) Sounds good Sir... I like that word :) Yes Sir it's a fad for me <3...
+W+ [UpVoted & ReSteemed]
SHILL-er, nomen est omen...
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
MinnowsPower listed your post "Nobel Prize Winner Calls Bitcoin a Fad, Check Out History." as one of the top 5 upvoted and commented posts of the day...!!!
After a series of FUDs, atleast today MinnowsPower hear a FAD...!!!
Exceptional news shared...!!!
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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
@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~
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/