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If People Talked About Internet Like They Do Blockchain

May 10th, 2019 | Posted by pftq in Society | #
Person B: Have you heard of this thing called the Internet? It's the future. You should buy as many dial-up modems as you can before the price goes up.  Once the Internet becomes mainstream, we'll all be rich.
Person A: Why would the price go up?
Person B: Because adoption.  Everyone will start using the Internet.  You could use it to store information, transact, compute things... everything will be on the Internet.
Person A: Isn't that just computers in general?
Person B: No, unlike just your home computer, anything that is on the Internet stays there forever.  It's also decentralized, meaning no one can shut it down or control it.  And most importantly, it's global.  Everything has to be global nowadays.  That's the future.  Personal computing was the first revolution.  This is the next one.  Imagine if you could go back in time to the 80's before personal computing was mainstream.  This is that opportunity.  You could buy up everything before anyone else gets a chance.
Person A: But why would modem prices go up?
Person B: There's no Internet without modems.  Every person needs a modem to use the Internet.
Person A: Couldn't you just make more?
Person B: That's why you have to pick the right modem brand.  Some brands inflate the supply.  You should buy AOL modems.  It's a fixed supply.  There will never be any more AOL modems made again.  It also has the highest usage and market cap.
Person A: Market cap?
Person B: You take the price of a modem and multiply by the number of modems out there.
Person A: How many AOL modems are there?
Person B: Theoretically, once the last modem in store is sold - 21 billion.
Person A: That's more than we'll ever need.
Person B: Yeah but each person can buy more than one.  Some people who were early got to hoard millions of modems.  People also lose their modems or their logins.  Supposedly 20% of all modems right now are lost or not usable by anyone.  You have to imagine a future beyond your wildest expectations where everyone and their grandma know about and use the Internet.  It's hard to visualize, but that's how people felt when personal computing first started too, and now everyone has a computer in their home.  Everything in the future will use the Internet in one form or another, and this is our chance to own part of that infrastructure.

Person A: So what does your startup do?
Person B: It's an Internet company.
Person A: But what does it do?
Person B: We create applications that run on the Internet.  People are calling them Websites.
Person A: What kind of applications?
Person B: Anything that clients demand.  We're trying to help build the Internet ecosystem.  The more people we get using the Internet, the more modem prices will go up.  Everyone wins.  We've had clients from restaurants to banks.  Everyone wants to be on the Internet now.
Person A: Why would a bank need to be on the Internet?
Person B: Banks still keep things in books and binders.  We help them store things digitally on the Internet.
Person A: But couldn't you just store it on computers and digitize things in general? That would already solve the problem.  What about just a database and network? Wouldn't that be faster? Also wouldn't being on the Internet put their information at risk of being hacked?
Person B: The Internet can't be hacked. Everything you read is the user getting hacked or the Website being insecure.  The Internet itself has never gone down or been compromised.  It is the most secure and resilient thing out there.

Person B: We are launching a digital IPO if you're interested in investing.
Person A: What's the difference between that and a regular IPO?
Person B: A digital IPO is done on the Internet, so it's democratized and more efficient.  Anyone in the world can participate using the Internet.
Person A: Do I need to be an accredited investor?
Person B: No, there's no regulation for it currently.  It's an entirely new asset class.  Unlike a regular IPO, there's no broker you need to go through or any certificate that has to be issued.  You just go on our Website to register and send funds.
Person A: Doesn't that still count as a security? Just done on the Internet instead?
Person B: No, because you're not getting ownership, just registering for a Website account that you will use in the future if the Website is successful.
Person A: But then why would I invest?
Person B: Because you could then sell your account to someone else in the future for more.  We'll impose a limited supply of Website accounts to create scarcity.  We're selling them cheap right now - $1 per account.  You should buy as much as you can.  It's $1 now but it could go ... thousands, maybe even $1M per account.  And then you can sell them to other people.
Person A: But who would want to buy the account at $1M? Could anyone even afford that?
Person B: People can group up to share an account when the price gets that high.  Everyone will need an account to use our Website.
Person A: What does your Website do?
Person B: We're building a revolutionary ecosystem so anyone who checks out a library book does it through the Internet, and everyone will have to use our Website to be part of that.  It'll change the world.
Person A: Would I get to read the book digitally?
Person B: No, you would just log on to the Website to check it out on the Internet, but you still go to the library to pick up the book.
Person A: Why wouldn't I just go to the library and check out books the old way since I'm there anyway?
Person B: Because the Internet makes things more efficient and secure.
Person A: I don't see how that translates to the account going up in value - or any prices going up.
Person B: Demand drives price.  If I want to check out a book and need an account the Website, then I'll have to pay for an account.
Person A: But couldn't the account just be same price as it started - $1? Someone could just buy an account for $1, finish reading a book, and then sell it to the next person for $1.
Person B: If everyone is using our Website, then the Website has value, unimaginable value, and the price will reflect that value in the long run.  Think about how many people in the world read books.  Billions.  Imagine if they all used the Internet.  Even if every account was only worth $1, that's billions of dollars flowing through the Internet.  And then think about how many books a person reads, multiply those numbers and you get trillions of dollars.
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