How do you measure the success of Bitcoin? - page 9.

Mhd-Bobbi

member

Activity: 434

Merit: 13

Quote from: thesavoyard on November 23, 2018, 05:29:03 AM

I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?

I think to measure the success of BTC depends, if there are many who use or also buy BTC, if I see many platform providers who cheat now, many are confused to measure the success of BTC.

bedford1972

jr. member

Activity: 266

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Quote from: thesavoyard on November 23, 2018, 05:29:03 AM

I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?

In my opinion, the success of bitcoin depends on the public, which will accept it as a means of investing and transferring funds at a distance. At the moment, widespread use is held due to speculators and government agencies. Some want to earn easy money, others are afraid of changes in the financial structure of the state. In consequence, it will still take an established place in people's lives and its cost will be significantly higher than the current one. I believe in it and I continue to be engaged in it and to accumulate.

kokobaba880

full member

Activity: 434

Merit: 101

If i measure the success of bitcoin i will follow a few things like if bitcoin is valuable to the users it is good and if it is accepted world wide then it is successful and if we have bitcoin but we fell free and it's possession is real then i think bitcoin is successful and i have seen all this features in bitcoin so for me bitcoin is real and successful.

SIDDHI777

jr. member

Activity: 196

Merit: 1

Quote from: Dreamace7 on November 23, 2018, 10:14:01 AM

The normal and accurate way to measure the success of bitcoin and any other coin is to check it's adaptation and acceptance and so far bitcoin has this features above every other coin in the market

Of course without a doubt adaptation rate and acceptance from the world is the key factor to determine the success rate of bitcoin and in any country because no matter how high a currency price is at the end of the day if the user cannot do anything with it in real life eventually it becomes useless and will come to an end but with adaption and acceptance even the price is low bitcoin can continue in the future because people will use it to do there essential transactions

mk4

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📟 t3rminal.xyz

Quote from: thesavoyard on November 23, 2018, 05:29:03 AM

How do you measure the success of BTC?

While a higher price is definitely nice, for sure, and adoption is definitely really really good, what I personally think we need more out of all right now is ease-of-use. While the wallets we have right now are good enough for us people that are decently tech-savvy, what about our computer-illiterate parents and grandparents? They couldn't even remember their social media account passwords, they definitely wouldn't trust themselves with the 12-24 word seed. I think we're going to need to have better UIs/UXs or better solutions in general for this part, as we definitely wouldn't want them to be reliant on centralized services like Coinbase.

Quote from: thesavoyard on November 23, 2018, 05:29:03 AM

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

Goodluck with that though.

SIDDHI777

jr. member

Activity: 196

Merit: 1

I measure through its usability rather than its price but it doesn't mean I have never consider about the value of bitcoin because it is essential too but its usability and adoption in the world is the key fact that determine how far it's concept has been accepted by the world and how far its core vision has been achieved in the financial sector and the business world and that shows the real success

eminemcookie

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Quote from: thesavoyard on November 23, 2018, 05:29:03 AM

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

Who's original goals is it that you speak of? The initial whitepaper didn't speak of destroying banking relationships with governments. That's just what people decided to adopt themselves.

I'm in full agreement that bitcoin's price is not an indicator of its success, because that was not bitcoin's initial purpose. Adoption is the real barometer of bitcoin's success. In that bitcoin is achieving but it still has a long way to go.

Dreamace7

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: ”Decentralized Digital Billboards”

The normal and accurate way to measure the success of bitcoin and any other coin is to check it's adaptation and acceptance and so far bitcoin has this features above every other coin in the market

dothebeats

legendary

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Primary areas of concern for me would be adoption and the amount of places you can use bitcoin, and if those were fulfilled, I can say that bitcoin has become successful. Price is only good for speculation, but without a solid foundation backing everything up, it wouldn't last long and will crumble everytime someone profits big. It should also stick to its ideals of decentralization and giving people the power to be their own bank. It should also be of political influence so as not to demonize the system and be a hub of control and greed.

btcluisdiki

member

Activity: 448

Merit: 10

In my opinion, I think that btc's success is measured on how many people are supporting btc as an investment currency and a currency that has been patronized globally as a mode of payment system. Additional measure of success for btc is the market condition should have been stable enough with minimal down trend unlike what is happening in the current condition.

dohh

jr. member

Activity: 332

Merit: 1

Quote from: thesavoyard on November 23, 2018, 05:29:03 AM

I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?

As BTC was designed to be a huge scamming mechanism, I would measure its success by TMS. Total money scammed.

Bitdressa

member

Activity: 303

Merit: 12

in my opinion to measure the success of bitcoin is that of the many members who follow bitcoin as the value of this electronic currency as a daily transaction and can also be done anywhere without having to carry a thick wallet with full debit cards and lots of cast money.

thesavoyard

sr. member

Activity: 560

Merit: 253

I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?

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