Honeycomb Co-Founder, Ken Martin, on the Future of Bitcoin
Updated: Aug 10
Bitcoin is stuck and without a plan to gain customers it could be doomed.
Bitcoin just fell in the chasm.
After a meteoric rise, bitcoin's price has fallen more than 50 percent in one month. The recent price crash fits a classic model of technology adoption. Geoffrey Moore's best-seller, Crossing the Chasm, describes how the growth of a new technology follows predictable patterns.
According to Moore, there are three types of customers who first adopt technologies in a predictable sequence. Innovators are technologists at heart and arrive first, even before a compelling use case may exist. Next, Early Adopters are visionaries who have taken notice of the Innovators, and they see the disruptive potential of a new technology.
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