From 1993 to 2009 Bill Gates invested $1B+ into Encarta the online encyclopedia but was eventually crushed by Wikipedia. This should be a lesson for financial institutions trying to understand Bitcoin. Currently BTC is where Wikipedia was in the early 2000`s. Watch out banks.

submitted by /u/Bitcoin_21
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Bitcoin – The Currency of the Internet

Dennis Gartman calls bitcoin a 'silly' idea, warns it will eventually crash under $5000

"I'm very bearish on bitcoin, I think it's one of the silliest ideas I've heard in a long time," he said. "To be separated from the brilliance of the block chain, [makes even] tulips in [17th]century Holland look almost like a quiet, well-demeanored market," Gartman said, using a frequently invoked analogy of the …
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Greenspan compares bitcoin to Colonial America currency that eventually became worthless

Former Federal Reserve Chairman Alan Greenspan told CNBC on Wednesday that bitcoin reminds him of currency issued during America's Colonial past that ultimately proved worthless. Greenspan compared the high-flying cryptocurrency to 1775 Continental currency that was worthless by 1782.
Google Alert – bitcoin

A few centuries ago, China banned a major decentralized system that was used for peer-to-peer international transactions (maritime trading). The ban (海禁) has reduced the international influence of China, and made China so weak that European countries eventually colonized it.

A few centuries ago, China banned a major decentralized system that was used for peer-to-peer international transactions (maritime trading). The ban (海禁) has reduced the international influence of China, and made China so weak that European countries eventually colonized it. submitted by /u/themetalfriend
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