them on this chart. However, not all Bitcoin users are ideological bitcoiners, and wanted to reflect this in the chart. Additionally, traders, businesses, and distributed networks that hold reserves in BTC de-facto endorse this view. In 20, sidechains became a popular talking point, and it was assumed that Bitcoin would soon boast a much-expanded functionality, obsoleting most altcoins. ( High quality version here ) Conclusion We put together the changing narratives chart through an analysis of BitcoinTalk posts, a set of discussions with Bitcoiners who had been there from the very start, a healthy respect for Bitcoin history, and a recollection of major. However, Bitcoin is different than what you know and use every day.
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In the chart below, weve weighted these various narratives according to their popularity at the time. In November 2015, Tuur Demeester published an investment note entitled How to Position for the Rally in Bitcoin, arguing that it had unique characteristics as a portfolio asset. Bitcoin logo on your website or your brick and mortar business. In mid-2016, Burniske and White influentially argued that Bitcoin represented an entirely new asset class. This grew to become a significant feature of Bitcoin, especially in the bull markets of 20We note that the p2p payments contingent remained influential until mid 2017, when they largely migrated to Bitcoin Cash (some had already left for Litecoin and Dash). Subjectively, it appears that under this comparatively peaceful regime, development seems to be progressing more rapidly. Technological developments, practical realities and real-world events have shaped collective views.