Circle CEO on BTC: Nobody Will Be Using Bitcoin in 5 to 10 Years - page 3.

Wind_FURY

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Quote from: densuj on November 21, 2016, 09:30:00 PM

Quote from: Wind_FURY on November 20, 2016, 10:26:34 PM

Does the CEO of Circle knows what he is talking about at all? Most of the so called "experts" in the Bitcoin and blockchain world do not know what they are talking about because it is all still new.

For me the people to listen to about blockchains are Peter Todd, Gregory Maxwell, Adam Back, Luke-Jr and there might be some names I have forgotten so please post them in here.

Well and there is statement from Jessi Baker the founder of provenance, and i think it is bad news about bitcoin usage too and i have made thread on here https://bitcointalksearch.org/topic/m.16942497
I hope give us more knowledge about bitcoin and other cryptos coins, thanks.

I am speechless on that thread of yours. It may be too deep for us that we may need the people like Adam Back or Peter Todd to decipher the meaning of your text. I suggest everyone to go read it and good luck trying to understand it. Grin

But seriously this is what I think, as long as there are niche markets for Bitcoin like the dark market then there will always be a need for it unless the banks decide to serve those illegal markets themselves. If the banks do not want to serve some sectors in any market, Bitcoin will fill the gaps.

Victorycoin

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Quote from: Adbitco on November 21, 2016, 07:05:26 PM

As long as there's demand for bitcoin, it's going to stay there (bitcoin). And we've seen that ever since the introduction of bitcoin it's demand has grown exponentially. People might have thought the same as that CEO when bitcoin was invented or came into existence very first but it's still here and the number of people embracing this awesome digital currency is increasing incredibly daily so whatever that CEO says shouldn't be given much importance.

With the fiat currencies failing people by the day it is just a natural consequence for people to migrate to what brings them security, peace and hope, which is what bitcoin can readily bring on. In 5 to 10 years, I see people wishing, they had taken bitcoin serious, years back, because the appreciation in price will beat expectations.

xuan87

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well everybody could speculate and everybody is welcome to make an arguments, but for me, seeing from the bitcoin users growth and the enthusiastic i think bitcoin will be able to survive for a long time, but it all depends on the user, if nobody try to destroy bitcoin, then we will still be able to used bitcoin for a long long time

I Am Hero

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Quote from: Wind_FURY on November 20, 2016, 10:26:34 PM

The source of the statement is from this article http://www.newsbtc.com/2016/11/20/circle-ceo-nobody-will-using-bitcoin-5-10-years/

So I ask this. As the growth of the darknet market place every year keeps going higher and higher, the possibility of it becoming a multi billion market place is not too far to reach. What currency will it use if not Bitcoin?

Does the CEO of Circle knows what he is talking about at all? Most of the so called "experts" in the Bitcoin and blockchain world do not know what they are talking about because it is all still new.

For me the people to listen to about blockchains are Peter Todd, Gregory Maxwell, Adam Back, Luke-Jr and there might be some names I have forgotten so please post them in here.

this guy has been high when doing this interviw because he sounds high and without any brain to me!

davis196

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Quote from: Wind_FURY on November 20, 2016, 10:26:34 PM

The source of the statement is from this article http://www.newsbtc.com/2016/11/20/circle-ceo-nobody-will-using-bitcoin-5-10-years/

So I ask this. As the growth of the darknet market place every year keeps going higher and higher, the possibility of it becoming a multi billion market place is not too far to reach. What currency will it use if not Bitcoin?

Does the CEO of Circle knows what he is talking about at all? Most of the so called "experts" in the Bitcoin and blockchain world do not know what they are talking about because it is all still new.

For me the people to listen to about blockchains are Peter Todd, Gregory Maxwell, Adam Back, Luke-Jr and there might be some names I have forgotten so please post them in here.

Maybe the darknet users will start using some altcoin.Who knows....

Bitcoin might really become obsolete after 5-10 years or bitcoin might evolve to something

totally different.

Barbut

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People can think what they wish, that is not necessarily truth. Its just their point of view, and I don't pay too much attention on this kind of statements.
I believe bitcoin will be here for 5 and 10 years and much more, this experts can say what ever, I don't know why are they expert's, I think if someone is early adopter he is not an expert cause of that.

buwaytress

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There's nothing wrong with an alternative view and such sweeping statements can be taken grossly out of context.

He may be speaking strictly from an economic point of view in which case he may be closer to home than we would comfortably believe.

Also, he singled out bitcoin and not crypto or blockchain.

chesatochi

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Quote from: Denker on November 22, 2016, 04:18:33 AM

Quote from: outatime1 on November 21, 2016, 08:46:44 PM

The mere fact that bitcoin has lasted until 2016 and is worth about $750 per bitcoin leads me to believe that it has a future. It at least has a chance to succeed as long as businesses and investors continue to use it.

This is probably on of the most important points which we should always try to keep in mind.
All that started as some very tiny nerdy experiment.
And look how far we've come so far!!
In almost 8 years we created a ~ $12billion transaction protocol which the media, niche and mainstram had been reporting about constantly over the last 4 years.
Who knows what the future will bring us? Bitcoin just as a digital vault and store of value could be worth several thousand if ten thousands per coin!!!
This is enough for me to stay positive and keeps me believe that Bitcoin will definitely have a place in one or many old and maybe new markets we may not think about right now.

The best is to stay in the moment present and stay away from the turbulence from story or websites any without real value. Today the price is strong and a big community believe in this technology, in 5 to 10 years will what is going to happen.

I agree with you about the last statement Wink

kiklo

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Hmm,

It looks like someone is stress testing Bitcrap transactions limit.

Over 33795 Unconfirmed Transactions in the Bitcrap Queue,
https://blockchain.info/unconfirmed-transactions

Guy reporting over 16 hours without any confirmations and he pay a fee.

BTC won't last til the end of the year , if this continues much less 5 years. Tongue

This may trigger a BTC dump, so watch the markets and be ready, don't get caught losing half its value in a day. Tongue

1Referee

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I never take these people serious. Not even when they are being overly confident that the price will reach a certain level in 2017-2020 or whatever other unrealistic scenario. I am quite sure that the store of value aspect, and the fact that you can store money effortlessly outside the reach of banks and governments, will be the main reasons people will actually make use of Bitcoin (investment/trading purposes aside). I would gladly put his statement in his face again once we are 10 years away from now and Bitcoin has experienced an immense growth.

Denker

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Quote from: outatime1 on November 21, 2016, 08:46:44 PM

The mere fact that bitcoin has lasted until 2016 and is worth about $750 per bitcoin leads me to believe that it has a future. It at least has a chance to succeed as long as businesses and investors continue to use it.

This is probably on of the most important points which we should always try to keep in mind.
All that started as some very tiny nerdy experiment.
And look how far we've come so far!!
In almost 8 years we created a ~ $12billion transaction protocol which the media, niche and mainstram had been reporting about constantly over the last 4 years.
Who knows what the future will bring us? Bitcoin just as a digital vault and store of value could be worth several thousand if ten thousands per coin!!!
This is enough for me to stay positive and keeps me believe that Bitcoin will definitely have a place in one or many old and maybe new markets we may not think about right now.

densuj

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Quote from: Wind_FURY on November 20, 2016, 10:26:34 PM

Does the CEO of Circle knows what he is talking about at all? Most of the so called "experts" in the Bitcoin and blockchain world do not know what they are talking about because it is all still new.

For me the people to listen to about blockchains are Peter Todd, Gregory Maxwell, Adam Back, Luke-Jr and there might be some names I have forgotten so please post them in here.

Well and there is statement from Jessi Baker the founder of provenance, and i think it is bad news about bitcoin usage too and i have made thread on here https://bitcointalksearch.org/topic/m.16942497
I hope give us more knowledge about bitcoin and other cryptos coins, thanks.

Schuyler

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The opinion of one man hardly matters. This is a free world and you can say what you want and predict whatever you wish. Although we are not sure what happens in the coming years, it is looking like bitcoin is going to be around longer than 10 years. The development is slowly coming along and more people are jumping on the bitcoin bandwagon.

Wind_FURY

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Quote from: Slark on November 21, 2016, 09:03:05 PM

It is surprising that CEO of big Bitcoin powered company said something like that. I think he got some things wrong.

He compared Bitcoin to software and said that no one use Netscape navigator today and bitcoin will be replaced in the future by something better.

It would mean that another competitor will show up and every bitcoin users will dump BTC and join hype train of new coin. Yeah right.

Allaire is also disappointed with the current cryptocurrency regulations and lack of acceptance - well, what he expected? Whole world acceptance over night?

Or he has finally accepted that Bitcoin is not made for the mainstream. At least not made the way we think how it should be. Bitcoin's main use is more for circumventing the law. So its use in the dark market is the perfect real world utility for it. Maybe the Circle CEO has realized that it would be more profitable to set up a dark market website than being a Bitcoin middle man.

Quote

One thing he got right - Zcash and other anonymous alts are a dead end of cryptocurrency.

Zcash is a scam. It is nothing but a Bitcoin clone with a built in tumbler.

Slark

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It is surprising that CEO of big Bitcoin powered company said something like that. I think he got some things wrong.

He compared Bitcoin to software and said that no one use Netscape navigator today and bitcoin will be replaced in the future by something better.

It would mean that another competitor will show up and every bitcoin users will dump BTC and join hype train of new coin. Yeah right.

Allaire is also disappointed with the current cryptocurrency regulations and lack of acceptance - well, what he expected? Whole world acceptance over night?

One thing he got right - Zcash and other anonymous alts are a dead end of cryptocurrency.

Wind_FURY

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Quote from: Kakmakr on November 21, 2016, 02:18:22 AM

Circle built their userbase on Bitcoin, and then they changed their business model to bend over to KYC/AML regulations. This is like Daniel spitting in the face of Mr. Miyagi {Karate Kid I} after he trained him. Bitcoin was the mentor and Circle cut their teeth on this technology, to find a foot hold in the community.

Circle has already shown their colors, and they will not change. < Money chasers >

Is Circle really making money from their business model as middle man? I could see Circle going down in 5 - 10 years and not Bitcoin. I believe that most of the Bitcoin companies that have been funded by the Venture Capitalists are not making money. The only businesses that I think are making money are found in the dark market.

outatime1

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The mere fact that bitcoin has lasted until 2016 and is worth about $750 per bitcoin leads me to believe that it has a future. It at least has a chance to succeed as long as businesses and investors continue to use it.

yayayo

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Circle is just trying to market their shitty and surveillance ridden service. I predict that within 10 years almost all centralized private blockchain experiments will have gone down the drain with loads of bank's money wasted for nothing - except unsuccessful defense against cognitive dissonance. In 5-10 years more people than ever before will use Bitcoin. Bitcoin's usability will have been greatly improved by then and people will realize the necessity of holding a sound decentralized currency as fiat inflation and arbitrary capital controls by governments lead to mass expropriation.

Even today Bitcoin demand is soaring. But that's nothing compared to what will happen when the fiat debt bubble is bursting. It will be a stampede towards precious metals and Bitcoin...

Quote from: Wind_FURY on November 20, 2016, 10:26:34 PM

[...]

For me the people to listen to about blockchains are Peter Todd, Gregory Maxwell, Adam Back, Luke-Jr and there might be some names I have forgotten so please post them in here.

I agree. These guys are really competent individuals, who have done great development work for Bitcoin progress.

ya.ya.yo!

SmartIphone

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Isn't circle the company that has brought the bitcoin into iMessage app? Making bitcoin payments through iMessages?
Maybe he is right but since I don't know any dark websites, don't know how much is bitcoin popular there but I don't agree with him.

Adbitco

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As long as there's demand for bitcoin, it's going to stay there (bitcoin). And we've seen that ever since the introduction of bitcoin it's demand has grown exponentially. People might have thought the same as that CEO when bitcoin was invented or came into existence very first but it's still here and the number of people embracing this awesome digital currency is increasing incredibly daily so whatever that CEO says shouldn't be given much importance.

Topic: Circle CEO on BTC: Nobody Will Be Using Bitcoin in 5 to 10 Years - page 3. (Read 3917 times)