
“Two centuries ago, oil was less than worthless. It was a blight that people would pay to have removed from their land. However, suppose one day a mysterious stranger appeared claiming to be a time-traveler. He told everyone that one day oil would be the world’s most valuable fuel. It would called ‘black gold’. Wars would be fought over it and enormous machines would be built to collect every last drop. Though no one knew if the purported time traveler was telling the truth or how to develop the technologies that would one day make oil valuable, some entrepreneurs believed him and began to collect oil to prepare for the day that it became black gold.”
http://coinconsultancy.com/2013/07/18/the-original-value-of-bitcoins/
Related posts:
The Real Reasons Americans Give Up Their US Citizenship
Licensed to Kill: Growing Phenomenon of Police Shooting Unarmed Citizens
Welcome to Police-State America, Weary Traveler
The Nearly-Free University
A Guide To Understanding the Middle East, Syria, The West and Oil
CEO: Tech companies should not permit governments to use face recognition
Larken Rose: What's So Bad About Nazis?
The Bond Bubble Is About to Burst
Cage Complex: Why is America’s prison population soaring?
Detlev Schlichter: The triumph of politics
Detlev Schlichter: Could Bitcoin be the money of the future?
The Land of the Blind: The Illusion of Freedom in America
Who Funds the War Party?
Powers-That-Be Secretly Terrified Of People, Pretend They’re In Control
Digital Apocalypse: An Interview with Cody Wilson