caseyresearch.com / July 29 2017
By Teeka Tiwari, editor, The Palm Beach Letter
The above “language” might look like gobbledygook to you.
But if you were born before 1990, you’d know what it was if you heard it.
That’s the ear-splitting sound made by your old dial-up modem. You remember the one you connected to your computer? (Click here to refresh your memory.)
The dial-up modem was a frustrating technology.
If someone called you while you were surfing the web, you’d lose your internet connection.
Even worse, dial-up speeds were agonizingly slow. I remember spending hours trying to download music or videos.
Here’s why I’m telling you about dial-up modems…
Although they were groundbreaking, dial-up modems were a roadblock to widespread internet adoption.
That’s because they were unable to scale. In other words, you couldn’t make them faster.
Eventually, broadband cable solved this problem. It offered speeds up to 200 times faster than dial-up modems.
Today, we’re seeing a similar scaling problem with bitcoin.
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