WHY BITCOIN VALUE VS. THE DOLLAR DOESN’T MATTER (AND NEVER WILL)
Twenty years ago, when the Internet was just starting to gain momentum, it was in a similar state of development as Bitcoin is in today. “The Web” was replacing ancient communication methods like typewriters and snail mail at a slow, but steadily increasing rate. These wouldn’t be instantly replaced, but would be one day irrelevant. As we moved along a few more years, and the 21st century dawned upon us, mainstream news magnets like CNN and the Washington Post joined “The Online Revolution.” This caused newspapers to shrink in size, number and demand. As The Internet grew in scope, was it ever compared directly, on a daily basis, to the New York Times or Time Magazine in its relevance?
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