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.
Topic: Circle CEO on BTC: Nobody Will Be Using Bitcoin in 5 to 10 Years - page 6. (Read 3917 times)
November 20, 2016, 11:43:29 PM
November 20, 2016, 11:11:54 PM
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. That's ludicrous.
He is wrong about people still using it in 5-10 years. People most definitely will be, but it'll be the dark marketeers and scammers and computer geekoids. I think the comparison to Netscape Navigator is a little unfair.
He is wrong about people still using it in 5-10 years. People most definitely will be, but it'll be the dark marketeers and scammers and computer geekoids. I think the comparison to Netscape Navigator is a little unfair.
November 20, 2016, 11:00:43 PM
People were saying Bitcoin was a fad and wouldn't last since the beginning. Here we are 8-9 years later and more people using Bitcoin than ever.
November 20, 2016, 11:00:05 PM
This was earlier posted and discussed in our one of social media groups and for me it's just a FUD. There was already a numerous times when those experts claimed that bitcoin will be doomed nor can't be widely used worldwide.
"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"
- development means continous and no one can predict accurately what will be the exact output to happen
“It’s useful if you’re a gambler, tax evader… All these things, but if you actually want to do something that increases utility value for consumers [and] businesses [and is] sort of focused on increasing the productivity and efficiency of how the economic system works, that’s a different design center than how to basically avoid taxes and government oversight”
- If bitcoin will become more developed as years passes by, there will be so called regulations that will implement. And besides bitcoin doesn't have tax directly but legit local exchanges does have so it's like paying tax on a different view.
"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"
- development means continous and no one can predict accurately what will be the exact output to happen
“It’s useful if you’re a gambler, tax evader… All these things, but if you actually want to do something that increases utility value for consumers [and] businesses [and is] sort of focused on increasing the productivity and efficiency of how the economic system works, that’s a different design center than how to basically avoid taxes and government oversight”
- If bitcoin will become more developed as years passes by, there will be so called regulations that will implement. And besides bitcoin doesn't have tax directly but legit local exchanges does have so it's like paying tax on a different view.
November 20, 2016, 10:52:45 PM
Does the CEO of Circle knows what he is talking about at all?
His business is nothing, he lacks of advertisement, so he using this cheap tricks to get free ads.
Thats my thesis
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.
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.
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