Will Bitcoin be as short-lived as the popular simulation game "Second Life"?

The 3D virtual game "Second Life", launched in 2003, is hailed as the pinnacle of virtual reality development and has many believers. It grew at an astonishing rate in the first few years, and then entered a stagnant phase. Will Bitcoin be like this too?

Technology is developing rapidly. Sebastian Siemiatkowski, CEO and co-founder of Klarna, a popular online payment system in Europe, expressed his views on Bitcoin at Money 2020, a global payments and fintech summit: "Does anyone remember a thing called Second Life? At that time, everyone bought property in Second Life. Because it was a virtual world and prices were rising. Did everyone forget it? Two years later, Bitcoin appeared. What is the real difference between them? I am surprised that people's memories are so short."

Once the novelty of Second Life wore off, the media and investment firms left the community to fend for itself. Although it still has a million loyal users, Second Life no longer attracts the media attention it once did.

Second Life is essentially a social network that has been superseded by other more reliable and easier-to-use social networks (including Facebook). Second Life is innovative, no doubt, but it doesn't solve any real problems.

Not so with Bitcoin

Bitcoin solved the vexing problem of how to quickly and cheaply transfer value across a network. It was a groundbreaking innovation, and as a result, financial services industry players are now investing heavily in blockchain research.

Bitcoin has brought about many new industries, such as crowdfunding, crowdsourcing, and micropayments, which is a shift in mindset. The pioneer advantage and network influence have strengthened Bitcoin's position as the leader of cryptocurrency.

The development of Bitcoin itself is inseparable from key factors such as price fluctuations. With the rapid development of its underlying protocol blockchain technology, as the most successful application of blockchain technology, Bitcoin will not disappear in the short term.

Original article: http://cointelegraph.com/news/could-bitcoin-go-the-second-life-way
Translation: okcoin