This year marks the 30th anniversary of the first website on the world wide web, which means that a person must be almost half a century old to remember the vivid progress of falsification, false starts and stops, and trial and error to finally give us what which is now the vital foundation of a century of life. 21.
We are taking the Internet for granted in 2021, but it took us decades to get to that point. Over the years, barriers to adoption have disappeared, and there are clear signs that this new technology will revolutionize the way the world lives and works.
Now Bitcoin (BTC), Coinbase’s abbreviated first IPO, and the appointment of MIT blockchain professor Gary Gensler as head of the US Securities and Exchange Commission are giving clear signals that another technology will transform on the same scale: cryptocurrency
Does this recent development mean that cryptocurrency is getting closer to its “Netscape moment”?
In the early 1990s, the Internet was all about connecting a dial-up modem to three major services — AOL, CompuServe, and Prodigy — all of which constituted what we called the “global queue,” which explains the headache of loading primitive pages. For those of us enough to get involved in these early days of the transition, all the way down to the consumer Internet, we vividly remember the moment when everything changed.
It was in August 1995 when Netscape launched its flagship product Navigator, the first browser that allowed anyone to surf the Internet without having to pay for “World Wide Waits” services. It was the moment that the adoption of the Internet went mainstream, sparking a buzz that continued until the dot-com explosion in April 2000, creating an investor-consumer model for thinking about the Internet and the Internet.
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Timeline of cryptography: are we here yet?
It is difficult to see the security of tomorrow, or at least the history of tomorrow described today, when you are worried about the uncertainty of the present. Maybe the technology as a whole does not have an ultimate game, which makes it as mysterious and interesting as the world of cryptography.
However, it is hard not to see parallels between the current state of cryptography and the Internet, as it was in 1995. Despite many news cycles obsessed with ups and downs, cryptocurrency remains a playground in terms of real economic and technological uses. prematurely adopted children and child prodigies. Many institutions and professional investors are interested in the game, but the vast majority of large institutional finance hasn’t taken it seriously.
On the subject: institutional investors will not take Bitcoin to the mainstream – it will
I think 2021 will be the year that all of this changes. The global COVID-19 pandemic has led to huge imprints of money around the world. The cryptocurrency market has a market value of around $ 2 trillion, and bitcoin in the daily news is no doubt more prevalent and for a longer period of time than it was during the 2017-2018 boom.
This new cycle of hype is due to the gradual increase in public awareness of cryptocurrencies, which has been growing from 2017-2018, and professional and institutional investors are increasingly eager to plunge into cryptocurrency, even if it just means the development of a fund for trading bitcoins. … …
History never repeats, it’s just rhyme
It seems that encryption should be inevitable – that is, vires in numeris. The mathematical school of Thales and Satoshi Nakamoto must remember the old saying of the empiricist Immanuel Kant: “Nothing is done right from the crooked logs of humanity.” We cannot put the Internet plan on cryptocurrency and say, “Aha! That’s when it happens. ” Some timelines for adoption and development may continue to accelerate, while others may lag behind.
External events can also interfere, such as a pandemic. Initially it was thought that this event could stop the cryptocurrency and innovation markets due to the initial economic panic and the need for liquidation, but the price of the leading bitcoin soared tenfold in the first year of the pandemic. Governments are putting themselves at financial risk by spending money on debt, and people are delving deeper into the online world than ever before, adhering to the cryptocurrencies that largely define life and online discussion.
On the subject: How has the COVID-19 pandemic affected the crypto space? Expert response
One thing is certain: for digital currencies to enjoy this “Netscape moment,” especially in the Western world, they will need the support and cooperation of the US government. The moment for Netscape will come when the US government, in particular the Securities and Exchange Commission, issues clear collection rules, governance, KYC guidelines, taxes, investments, and transfers.