Bitcoins, Cameras and Adoption

Lets agree on one thing before we start this post.   Humans take pictures to remember the moment and share that moment with friends.  How thats been done is subject to technology, which has changed since the invention of film.

Transport yourself back to 2001 (yes just 12 years ago)

99% of the worlds pictures were taken by cameras that used film.  Yes... film.

Consumers bought cameras(even disposable ones), took pictures, took more pictures to make sure they got a "good" one, dropped them off for processing, got doubles(so they could share), picked them up, took them home, scanned them, and shared them friends/family.

WOW!  Thats alot of work.

Lets parallel this to the current banking system

You go to work, get a paycheck every two weeks, take it to a bank, stand in line, deposit(if you dont edeposit), get checkbooks/debit cards, give somebody access to your account when you buy something, they take out the money they need, and you make sure they took out the correct amount?

Now we transport 12 years back into the future of 2013.  How do we share photos with our family and friends.

Take your phone out of your pocket, take a picture, upload to facebook instantly for the entire world to see.

That is technology.

Now back to money!

Potentially in 12 years, you work, get paid every day directly to your bitcoin address in the cloud, and spend money anywhere you want instantly!
__________________________________________________________
Thought break.

The current money system parallels photography in 2001 actually pretty well.... lets look at the rate of adoption.

Lets say adoption of digital cameras went fromm 0-95% over 12 years, from 2001 to 2013.  Note i doubt adoption is linear, but for simplicity we'll say it is.

In 2001, no digital prints, in 2006, 50% digital prints, in 2013 95% digital prints

Back to bitcoin as a money technology, just for fun assume the same rate of adoption

0% in 2010, 50% in 2016, 95% in 2022

Now lets put a value on those bitcoins in terms of World GDP, since this is a world wide technology.

$0 per bitcoin in 2010 (about right)

2013 (today) $100 per bitcoin.  what was digital camera adoption in 2004.  Digital prints were not even available from a store, they had to be done at home?

5,000,000 per bitcoin in 2016  (digital cameras in 2007, widely adopted, but not in a phone/facebook)

4,7000,000 per bitcoin is 2022.   (The rate of bitcoin release is higher than release of new bitcoin.) (current digital camera use doesn't even use prints)

You can see the numbers *could* get crazy.    Its likely not going to happen, but what if im only 10% right?  each bitcoin is worth $500,000

I can hear you all through the internet, "Your crazy eightbitdreamer!"

Perhaps, but could you even imagine in 2001 what cameras/phones could do in 2013?    I couldn't.  I could only see as far as digital prints and the end of film.

Bitcoin will change the world, as digital cameras and digital photography have over the past 12 years.
__________________________________________________________________________

Time for FUN!  Here is the very first digital picture I took in September 2001.  My friend had received the camera as a graduation gift, was 1.1 megapixel and I'm sure cost about $500.   This is also FULL resolution, as posted below.  I think the memory card was 8 MB (yea, megabite)