Thanks for that image, this suggests an exponential growth of devices which use IOT. Can IOT and they lead to another decentralized system similar to bitcoin? Although Lots of connected devices, can be a very good opportunity for bitcoin if some similar currency system does not develop.
Certainly, a competing system will most likely develop due to expected growth of IOT, btc still has the lead unless said system overcomes this first:
Poor mobile platform support:
"Since 2013, Apple has taken a proactive stance towards making sure that users cannot send bitcoin via wallets in its
App Store. Furthermore, Google does not allow in-app payments with bitcoin."
"These larger technology companies do not want to compete with bitcoin. So they do the same thing as restrictive governments and
use their power to regulate it out of existence – within their ecosystem, anyway."
"Bitcoin is excellent as a method of remote payment. It could be a competitive credit card alternative – especially in remote
transactions with mobile or wearable devices. And this is a much better way to receive and send payments instead of using
of QR codes."
"Using Bluetooth Low Energy, Near field communication (NFC) or some other wireless technology could change the way people make
payments."
"However, with billions of dollars relying on the outcome, the major players in the technology industry will do their best to restrict innovations that they do not control."
> Let's hope they don't get to this first.
http://www.coindesk.com/five-biggest-threats-facing-bitcoin/
