Critical mass may have been hit, the sky is the limit - page 2.

mvidetto

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Quote from: seleme on November 13, 2013, 08:04:47 PM

It's not even close to critical mass. Still only 1 of 20 people you will talk about bitcoin won't look you as some nutter when you talk about it.

If critical mass would have been hit, the price would be 5k.

I think maybe that number is closer to 1 in 100 for me lol...

seleme

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Duelbits.com

It's not even close to critical mass. Still only 1 of 20 people you will talk about bitcoin won't look you as some nutter when you talk about it.

If critical mass would have been hit, the price would be 5k.

snakebit

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Well, for the first time ever, I overheard a story about Bitcoin, a positive one at that discussing about the cryptocurrency and how a shopkeep sells his items for BTC and how to use it on the CBS 5:00 local news in my area. This is just one step closer toward mainstream interest and adoption.

agath

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Last week I went to a local bar. Me and a friend of mine were talking about bitcoins. The bartender heard us, and he was happy to receive BTC as payment. I used my android phone to pay. It was a very easy and pleasant transaction and both me and the bartender were happy to use bitcoins.

If a small business like a bar here in Italy (we are far behind than average, on bitcoin adoption) accepted bitcoins for payment it means that it is really going viral! Yay!

Sage

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Quote from: notthematrix on November 13, 2013, 05:10:33 PM

All oil sheik who hate the US dollar , and will trade oil in btc if it has Enough mass
if they can destroy the US domination by simply supporting a decentralized currency they WILL

And the world will only be better without the petro dollar. Hopefully they take down the Federal Reserve while they are at it.

notthematrix

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All oil sheik who hate the US dollar , and will trade oil in btc if it has Enough mass
if they can destroy the US domination by simply supporting a decentralized currency they WILL

BitchicksHusband

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Quote from: Crazy on November 13, 2013, 03:53:10 PM

Just don't cry when you see a 50%+ move to the downside. It's like from one bubble to the next everyone catches amnesia.

Back to $200 coins like...12 days ago? Oh no. I'm so scared. SELL SELL SELL. Roll Eyes

mvidetto

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Quote from: Idaho on November 13, 2013, 03:59:12 PM

You mean we are at the "new paradigm" stage?

I would argue for delusion here, I mean come on... lol

notthematrix

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Quote from: Sage on November 13, 2013, 04:00:35 PM

Quote from: kokojie on November 13, 2013, 03:57:50 PM

Quote from: Sage on November 13, 2013, 03:49:04 PM

How do you come to this conclusion?

Nope... we are far from critical mass. More technology has to be in place for that tipping point to be reached.

What technologies were needed for the Tulip mania to come about? technology is not important, we have a revolutionary product, much like the web. When the dotcom bubble happened, the technology were much poorer than today.

I'd say such a bubble can only happen in early stage of development, because of the mystery surrounding it and not many people can truly understand it. But not so early that only a few thousand people knew about it.

You've gotta put yourself in the heads of the average Walmart shopper. Try to get them to use Bitcoin... are you kidding me? Not with current technology. It's only a matter of time before they lose their coins.

Not until the technology is in place for the average Walmart shopper to use it effortlessly will Bitcoin hit mass adoption.

We are far from it.... which means if you're not stupid enough to buy in the middle of bubble cycles (like now), and buy on the dips only, you'll make out like a bandit for years to come.

http://bitcoinsafety.com/

well Maby theese are not teh first to step in , but what about a ritch indian family who knows the dollar had its lngest time...
and yes if you put only a little amount in your phone wallet notting is wrong

you can loose your normal wallet too.

MAbtc

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Quote from: Syke on November 13, 2013, 04:29:41 PM

Quote from: Sage on November 13, 2013, 04:00:35 PM

You've gotta put yourself in the heads of the average Walmart shopper. Try to get them to use Bitcoin... are you kidding me? Not with current technology.

Have you seen the self checkout isles? Those are far harder to use than a smartphone bitcoin wallet.

What? Really? Self-checkout is incredibly easy. People can wrap their heads around that a billion times easier than bitcoin. More importantly, UI for virtually all bitcoin apps leaves VERY VERY much to be desired for the average user.

Birdy

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Maybe the ciritical mass on Gox?
Take a look at the trend of the yellow line.

http://blockchained.com/depth_mtgox.png

notthematrix

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Quote from: Sage on November 13, 2013, 03:49:04 PM

How do you come to this conclusion?

Nope... we are far from critical mass. More technology has to be in place for that tipping point to be reached.

Wat tech need to be in place? Huh

a wallet on a computer?
a wallet on a smartphone?
a bitcoin bank machine ?
a easy bitcoin vendor system?
Its all in place.
The local family "nerd" can run the wallet for the indian/african/arabic/chineese family
A nice linux distro will do perfectly as wallet server.

Syke

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Quote from: Sage on November 13, 2013, 04:00:35 PM

You've gotta put yourself in the heads of the average Walmart shopper. Try to get them to use Bitcoin... are you kidding me? Not with current technology.

Have you seen the self checkout isles? Those are far harder to use than a smartphone bitcoin wallet.

MAbtc

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Critical mass? Viral? Nah, we got a long time to wait for that. This is a speculative frenzy. And it's fucking great. I don't care for new paradigm talk, though.

Mageant

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I don't see any mass use yet.

A lot of people know about Bitcoin now but are not investing.

the_sunship

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i think of this more like gold rather than currency (has attributes of both). Currency can be printed indefinitely, but this has limited supply.

bitcoin seems to be a hybrid of technology IPO, Gold, and Currency. It's unique and it's highly in demand because people are recognizing that it's a revolutionary idea.

Sage

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Quote from: kokojie on November 13, 2013, 03:57:50 PM

Quote from: Sage on November 13, 2013, 03:49:04 PM

How do you come to this conclusion?

Nope... we are far from critical mass. More technology has to be in place for that tipping point to be reached.

What technologies were needed for the Tulip mania to come about? technology is not important, we have a revolutionary product, much like the web. When the dotcom bubble happened, the technology were much poorer than today.

I'd say such a bubble can only happen in early stage of development, because of the mystery surrounding it and not many people can truly understand it. But not so early that only a few thousand people knew about it.

You've gotta put yourself in the heads of the average Walmart shopper. Try to get them to use Bitcoin... are you kidding me? Not with current technology. It's only a matter of time before they lose their coins.

Not until the technology is in place for the average Walmart shopper to use it effortlessly will Bitcoin hit mass adoption.

We are far from it.... which means if you're not stupid enough to buy in the middle of bubble cycles (like now), and buy on the dips only, you'll make out like a bandit for years to come.

DeathAndTaxes

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Gerald Davis

Quote

I'd say such a bubble can only happen in early stage of development, because of the mystery surrounding it and not many people can truly understand it. But not so early that only a few thousand people knew about it.

So in 2009 was housing not in a bubble or was the concept of housing in the early stage of development with only a few thousand people aware of the "new technology" of using walls and a roof to protect humans from the elements?

Sorry man but outside of the standard daily trolls, that has to be the silliest thing I heard today.

Idaho

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You mean we are at the "new paradigm" stage?

kokojie

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Quote from: Sage on November 13, 2013, 03:49:04 PM

How do you come to this conclusion?

Nope... we are far from critical mass. More technology has to be in place for that tipping point to be reached.

What technologies were needed for the Tulip mania to come about? technology is not important, we have a revolutionary product, much like the web. When the dotcom bubble happened, the technology were much poorer than today.

I'd say such a bubble can only happen in early stage of development, because of the mystery surrounding it and not many people can truly understand it. But not so early that only a few thousand people knew about it.

Topic: Critical mass may have been hit, the sky is the limit - page 2. (Read 4469 times)