RE: Bitcoin Dives! Why I Remain Bullish + Tron Rant
It's interesting that you mentioned VHS / Betamax. Whilst Beta (BTC) was the better product, VHS (altcoins) had better marketing, was cheaper and was made readily available to anyone by JVC. You also mentioned in a previous video that scalability wasn't the biggest issue with crypto currencies but in fact adoption. For the world to truly adopt a new meta in finance and transacting...they must be able to get their digital hands on it. I'm afraid BTC has become a victim of it's own success and either we will live in a world where a select few have the vast majority of wealth...(ring any bells?)...or something else comes along that is cheaper, has great marketing and is readily available for the masses at an equal price for all. It is my opinion that BTC struggles to accomplish any one of these things. BTC may have been the first and proven itself thus far, but to a lot of lay people it is still seen as a black market currency used by drug dealers and criminal gangs. The crypto that will market itself effectively and be available to the public for a reasonable price will win the day. Perhaps it is TRON, perhaps not. But there will be a day when BTC is no longer at the top on coinmarketcap.
Edit: Great video and I enjoy these more than the pump and dump altcoin types. I hope everyone heeds your warnings to only invest in a crypto that will actually provide a solution and value.
As you said, marketing, or mindshare have a lot to do with adoption. And names have a lot to do with marketing. So i dont see tron beeing used, just because of the name. Im not kidding here, not even bankers would look at a coin named tron seriously. I may be wrong though, just my opinion
In that case. BTC is not a better product, but it does somehow have better marketing (picked up by mainstream media).
+krisr92... It could be argued that way. However, the way JVC marketed their VHS was by making it as widely available at pretty much any price the retailer wanted to sell it for. Therefore, almost anyone could get one for a cheaper price than Beta. You could even extend the comparison to the entire cassette stage and say BTC is the U-Matic, which was released years before VHS/Beta but ultimately was too expensive for the everyday Joe. Therefore, it never gained mass adoption simply because ordinary people couldn't get hold of it. Therein lies the BTC paradox. Yes it will always be there and be important, but something will come along to take top spot...simply by learning lessons from BTC and doing it better. Marketing is about keeping a consumer happy. If you don't have consumers, you don't have a market.
One thing that you said that's worrying me though is the fact some people own most of the Bitcoin available. If Bitcoin was going to have massive adoption it's really worrying.