[2013] Video: There's Nothing That Can Stop Bitcoin

LiteCoinGuy

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In Satoshi I Trust

good points ThomasCrowne but iam optimistic.

1.) we will solve this

2.) iam bullish on that since early 2013 when FinCen said bitcoin is "ok" .the BitLicense will bring legitimation to bitcoin. its a huge step in my view.

3.) apples market cap on the mobile market compared to android is little. and you compare one company and a "pay-function" with bitcoin the internet of value - something is wrong here Tongue

4.) i would like to see the (theoretical) 51% problem solved

ThomasCrowne

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I wouldn't be so quick to assume bitcoin is unstoppable at present. Plenty of major challenges both short and medium term on the horizon for bitcoin as it currently sits:

1.) Proposed transaction size increase blockchain fork not being the least of them.
2.) Pending BitLicense legislation (this looking a bit more promising but I don't trust politician's as far as I can throw them so we'll see)
3.) ApplePay, like it or not, this new tokenized Visa/Mastercard payment mechanism is going to suck quite a few techie's in and possibly even draw a few away from the bitcoin space. (I hate to admit it too, but this is what my crystal ball is telling me)
4.) Increased mining centralization. As it stands, bitcoin is far more centralized now as far as distributed processing power securing the network than it was back at the end of 2012 beginning of 2013 with GPU's running the show. This situation is likely to only get worse imho. Watch out for China in this regard. Government may be basically discouraging citizens from investing in anything other than the Yuan or Gold, but foundry wise, if ever there where to be a country to launch a computational attack vs. Bitcoin, it would be China.

colinistheman

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Good vid

notthematrix

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he is right.
there is no way to enforce a law on a system whitout singlepoint of failure.

LiteCoinGuy

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In Satoshi I Trust

There's Nothing That Can Stop Bitcoin

https://www.youtube.com/watch?v=_-NwFOAS0ZA&feature=share

some days old but maybe worth a watch. optimistic guy Wink

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