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

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: HotSwap on November 21, 2016, 03:59:32 AM

Quote from: HotSwap on November 21, 2016, 03:58:50 AM

Jeremy Allaire is full of shit for the reasons elucidated here: http://moriartybitcoin.com/?p=87

how is this guy the CEO of a bitcoin tech company? From his ludicrous comments, he's barely qualified to be CEO of Dunkin Donuts

that is exactly my thought Cheesy

i would have expected this from some random guy on the forum or even some crappy news site that wants to attract some clicks but when you own a business like circle you should have the least understanding of bitcoin, this guy sounds like a newbie or maybe he is trying some FUD technique? !

manbitcoinlover

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well that is his prediction, so be it. Why are some people going ga-ga over a CEO's opinion, probably because of the Hollywood culture pushed down our throats where we have to respect and listen to anything someone "famous" or in a high-position says. I do not disagree or agree with his statement as I cannot predict what will happen in 5 years. But, I am not scared, if BTC dies something else will come.

HotSwap

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Quote from: HotSwap on November 21, 2016, 03:58:50 AM

Jeremy Allaire is full of shit for the reasons elucidated here: http://moriartybitcoin.com/?p=87

how is this guy the CEO of a bitcoin tech company? From his ludicrous comments, he's barely qualified to be CEO of Dunkin Donuts

HotSwap

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Jeremy Allaire is full of shit for the reasons elucidated here: http://moriartybitcoin.com/?p=87

Pursuer

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Where is my ring of blades...

is it just me or does Circle CEO Jeremy Allaire sound like someone who doesn't know what bitcoin is!

I mean we all know that we can't really say anything about future of bitcoin in 5 to 10 years and it is possible that we won't see bitcoin then but it definitely is not "highly unlikely" as he puts it. and actually I say there is a bigger chance that we see bitcoin even bigger in 5-10 years.

besides what are all that crap about being a gambler or tax evader! does he really think that is the only usage of bitcoin? how about trading which has been like 80% of the usage? what about all of us who use bitcoin instead of other payment methods for transferring money online to pay for stuff or send money to someone else, and so many other things!

franky1

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Quote from: Wind_FURY on November 20, 2016, 11:26:34 PM

What currency will it use of not Bitcoin?

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 guess your eluding to the hyperledger blockchain that all the names you mentioned are programming.

the problem with that is that hyperledger is FIAT
so companies like circle if they drop bitcoin.. will just be a bank holding fiat. making them a forex company swapping america's fiat for lets say india's fiat. rather than an open currency without borders.

the problem is that there would be no need for that because the hyperledger itself can do those fiat swaps directly. thus not needing circle.

Denker

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Quote from: pooya87 on November 21, 2016, 12:43:29 AM

i don't know why someone who is earning money from the existence of bitcoin would even say that? maybe another news click-bait.

nonetheless if anything more people are going to be using bitcoin in 5 to 10 years. and users that are using bitcoin now and future users will continue coming back to bitcoin as long as it stays the same bitcoin as it is today: meaning i can send bitcoin with reasonable fees, get confirmation withing reasonable time, and have reasonable level of anonymity.

Jeremy Allaire seems to be be a weird guy.Sometimes he maes absolutely strange comments.
And if I'm not wrong right now Circle uses Bitcoin as a backbone protocol for their business model.
However maybe they will drift away from Bitcoin more and more and use some other blockchain, who knows.
My personal opinion is that we still will use Bitcoin in 5-10 years.And if it's just as an investment vehicle or hedge.Bitcoin will have it's place and markets.

jacafbiz

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I have a theory, I think he is trying to launch another Altcoin to compete with Bitcoin (Another anonymous coin), and he needs market attention. Most of these guys will be jealous of project like Zcash with 10% of the tokens going to developers, he needs is own payday

Kakmakr

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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 >

amacar2

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Quote from: requester on November 21, 2016, 02:12:34 AM

What makes you think that. Day by day it's getting popularity and day by day more and more people are engaging and investing in bitcoin so there is no such possibility like "No one will be using bitcoin in 5 to 10 years.

Actually OP is not thinking like this, he just like to discuss on the view of Circle CEO Jeremy Allaire, look at the source link.

However this doesn't seem to have any effect on bitcoin market as he is not the one who have big influence on bitcoin. He is just a normal greedy businessman who like to create panic on market and buy more for himself. Grin

maxg

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I hope it isn't being used and we're off-chain by then.

requester

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What makes you think that. Day by day it's getting popularity and day by day more and more people are engaging and investing in bitcoin so there is no such possibility like "No one will be using bitcoin in 5 to 10 years.

Arrakeen

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Quote from: -ck on November 21, 2016, 01:38:19 AM

Oh look, another bitcoin is going to die opinion... Better add that to this list:
https://99bitcoins.com/obituary-stats/

Submitted!

Almost forgot about that site. Surprised there weren't more updates since the 3rd...hope admin is still around to check this

posted as OBAVi**** by the way (ya'll who should know should know Tongue

)

Arrakeen

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Quote from: The Sceptical Chymist on November 21, 2016, 01:43:35 AM

Quote from: Arrakeen on November 21, 2016, 01:36:01 AM

Quote from: The Sceptical Chymist on November 21, 2016, 12:11:54 AM

He has valid points--as much as I'm a fan of bitcoin, I'm not going to disagree with him about mass adoption. The average Joe on the street isn't going to want to go out of his way to buy another currency just to spend it.

True, but the average Joe on the street isn't spending money on stocks either.

Quote from: pooya87 on November 21, 2016, 12:43:29 AM

i don't know why someone who is earning money from the existence of bitcoin would even say that? maybe another news click-bait.

This is my main concern - why is he literally fudding the business he thrives off of? Especially without any indication as to WHY....or what would / if there will be a replacement. Makes no sense. Thanks, circle...way to show your customers how much you care Roll Eyes

That just isn't true! I'm an average joe and I buy stocks. A lot of people are passively buying stocks via 401Ks in addition to all the direct purchases.

I'm sorry - my mistake. I mean more of the 'investing' that takes place with btc -> altcoins.........if that market could be compared to standing on the floor of wall street waving a bunch of tickets around (or day trading from home with E*TRADE or similar sites).

Sure, 401K is similar - but that is definitely more long-term than the average investment one would put in to a bitcoin investment.

(if that clarifies anything - did not mean to insult the Joes of the world!)

The Sceptical Chymist

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Quote from: Arrakeen on November 21, 2016, 01:36:01 AM

Quote from: The Sceptical Chymist on November 21, 2016, 12:11:54 AM

He has valid points--as much as I'm a fan of bitcoin, I'm not going to disagree with him about mass adoption. The average Joe on the street isn't going to want to go out of his way to buy another currency just to spend it.

True, but the average Joe on the street isn't spending money on stocks either.

Quote from: pooya87 on November 21, 2016, 12:43:29 AM

i don't know why someone who is earning money from the existence of bitcoin would even say that? maybe another news click-bait.

This is my main concern - why is he literally fudding the business he thrives off of? Especially without any indication as to WHY....or what would / if there will be a replacement. Makes no sense. Thanks, circle...way to show your customers how much you care Roll Eyes

That just isn't true! I'm an average joe and I buy stocks. A lot of people are passively buying stocks via 401Ks in addition to all the direct purchases.

-ck

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Ruu \o/

Oh look, another bitcoin is going to die opinion... Better add that to this list:
https://99bitcoins.com/obituary-stats/

Caladonian

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Quote from: pooya87 on November 21, 2016, 12:43:29 AM

i don't know why someone who is earning money from the existence of bitcoin would even say that? maybe another news click-bait.

nonetheless if anything more people are going to be using bitcoin in 5 to 10 years. and users that are using bitcoin now and future users will continue coming back to bitcoin as long as it stays the same bitcoin as it is today: meaning i can send bitcoin with reasonable fees, get confirmation withing reasonable time, and have reasonable level of anonymity.

good point mate as long as everything still intact with the advance offer of bitcoin are still there i think all of us will still using it and more and more of our friends and relative that we introduce the system will also follow our leads everything is possible but i'm hoping for the best of my investment.

Arrakeen

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Quote from: The Sceptical Chymist on November 21, 2016, 12:11:54 AM

He has valid points--as much as I'm a fan of bitcoin, I'm not going to disagree with him about mass adoption. The average Joe on the street isn't going to want to go out of his way to buy another currency just to spend it.

True, but the average Joe on the street isn't spending money on stocks either.

Quote from: pooya87 on November 21, 2016, 12:43:29 AM

i don't know why someone who is earning money from the existence of bitcoin would even say that? maybe another news click-bait.

This is my main concern - why is he literally fudding the business he thrives off of? Especially without any indication as to WHY....or what would / if there will be a replacement. Makes no sense. Thanks, circle...way to show your customers how much you care Roll Eyes

~Bitcoin~

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I think he want to get cheap publicity with the words against bitcoin. He is earning with his platform circle which will not exist if bitcoin doesn't exist in future, so there is no any reason for him other than to grab publicity by saying this.

However who cares whatever he says? Better to look at what core dev talk about rather than all this businessman who try to create fud against bitcoin.

kiklo

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Quote from: pooya87 on November 21, 2016, 12:43:29 AM

i don't know why someone who is earning money from the existence of bitcoin would even say that? maybe another news click-bait.

nonetheless if anything more people are going to be using bitcoin in 5 to 10 years. and users that are using bitcoin now and future users will continue coming back to bitcoin as long as it stays the same bitcoin as it is today: meaning i can send bitcoin with reasonable fees, get confirmation withing reasonable time, and have reasonable level of anonymity.

I know right, how dare someone speak the Truth. Cheesy

Quote

“Our view is that we’re still in the really early stages of the technology and its development.
It’s highly unlikely that any of us will be using Bitcoin in five or ten years.
In the same way that – how many of us use NCSA Mosaic or Netscape Navigator?”

Show of Hands , which of you is still using Netscape Navigator 3.0 running on Windows 95 OS
What ?? No One??

Why is that ,
Oh , Because the newer stuff works better,

every other crypto is Newer, Faster , Higher Transactions , & Might not be controlled by China? Wink

The Guy is smart and not afraid if BTC crashes , because he knows he just move to another newer better crypto.

Quite Refreshing to see. Cheesy

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