Also read: First Reactions to Microsoft’s Adoption of Bitcoin
The Newegg specifically quoted Andreessen Horowitz’s article from the beginning of 2014 titled, “Why Bitcoin Matters.” In that hallmark piece, Andreessen described how Bitcoin will have profound effects on the world similar to the development of the personal computer in the 1970’s and the development of the Internet in the 1990’s. Another good example is the development of the automobile, which was heavily lobbied against by existing horse buggy car manufacturers, despite clear overlap in business. Bitcoin is the up and coming successor to all of these high-impact technologies, and has the potential to do so much more. As many a Bitcoin supporter will tell you, money is just the first and most obvious use case for a decentralized technology.
Newegg’s post concluded:
The timing is right for Bitcoin to gain mass adoption and Microsoft’s acceptance is proof of that. There’s a reason one of the world’s most profitable companies believes in the future of Bitcoin and despite skepticism from some economists, it’s time for something new. Just like plastic replaced paper, it’s time for ones and zeros to take over.
Images from Newegg and Shutterstock.
Last modified: March 4, 2021 4:42 PM