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    Author Topic: What Bitcoin can learn from early FM radio adoption  (Read 214 times)
    Elwar (OP)
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    May 25, 2018, 04:23:19 AM
     #1

    When you turn on your radio today (if you even use a radio anymore) you will likely tune in to an FM radio station to listen to music. AM radio being reserved mainly for talk shows or other boring things that nobody really listens to. But this wasn’t always the case. AM used to be the dominant wave band for most of the 20th century.


    Although FM radio was created in the 1930s, it had a very slow start in getting widespread adoption. AM radio was what you tuned into if you wanted to listen to a radio station which meant that to listen to FM you would need to buy a radio with FM included and you needed FM stations to listen to. But why would radio companies build FM into their radios if there were no FM radio stations? Why would people create FM radio stations if there were no radios that could listen?

    This is the same chicken and egg scenario that Bitcoin has faced since its inception. Why would you accept bitcoins at your store if nobody is spending them? Why would you spend bitcoins if no stores are accepting it?

    Continue...

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