If bitcoin ever goes mainstream - page 13.

RyanX

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Quote from: MinerHQ on October 17, 2015, 09:55:30 AM

Quote from: maokoto on October 17, 2015, 09:42:35 AM

I think that it will be take long for it to be used as regular money.

In fact, regular money took long to be used in its electronic version. I still know people that do not trust much on online bank transfers and payments. Due to Bitcoin being full online, well, it will take some time.

I am happy if it is a way to store value for some time.

I don't think even after Long time it will happen. Very difficult to replace the existing currencies with Bitcoin.

Bitcoin will coexist with existing currency for a long time. Fiat is easily printable by governments so goverments like it.

txbtc

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If the amount of people using bitcoin continues to go up and with corresponding increase in services, at some point BTC will become to mainstream

Q7

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Quote from: ajareselde on October 17, 2015, 05:04:45 PM

Quote from: maokoto on October 17, 2015, 09:42:35 AM

I think that it will be take long for it to be used as regular money.
In fact, regular money took long to be used in its electronic version. I still know people that do not trust much on online bank transfers and payments. Due to Bitcoin being full online, well, it will take some time.
I am happy if it is a way to store value for some time.

Well i bought a ton of stuff using bitcoin as i would do with fiat, so i think it's getting to a point where you can in fact compare it with fiat. Hell, in AUS you can even pay
taxes with it. It will take some time for it to gain the traction we want it to be on, and each one of us can help by purchasing with them, holdnig, trading..
I think it's not the question of if it will go mainstream, but when. Just don't hold your breath.

Which I agree as well. If we see the progress it has made albeit slow, but at least we know it is going forward. I think it needs more atm, more exchange services which don't ask all the long list of information just to deposit and withdraw money, more bitcoin based remittance business and we should be there.

Hellacopter

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Quote from: maokoto on October 17, 2015, 09:42:35 AM

I think that it will be take long for it to be used as regular money.

In fact, regular money took long to be used in its electronic version. I still know people that do not trust much on online bank transfers and payments. Due to Bitcoin being full online, well, it will take some time.

I am happy if it is a way to store value for some time.

Yes but nothing is impossible about this issue, Bitcoin is growing up already daily, and the number of boitcoin's users and supporters increase highly by time, so everything is possible in the near future even turning Bitcoin to the most used currency worldwide

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: maokoto on October 17, 2015, 09:42:35 AM

I think that it will be take long for it to be used as regular money.
In fact, regular money took long to be used in its electronic version. I still know people that do not trust much on online bank transfers and payments. Due to Bitcoin being full online, well, it will take some time.
I am happy if it is a way to store value for some time.

Well i bought a ton of stuff using bitcoin as i would do with fiat, so i think it's getting to a point where you can in fact compare it with fiat. Hell, in AUS you can even pay
taxes with it. It will take some time for it to gain the traction we want it to be on, and each one of us can help by purchasing with them, holdnig, trading..
I think it's not the question of if it will go mainstream, but when. Just don't hold your breath.

MinerHQ

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Quote from: maokoto on October 17, 2015, 09:42:35 AM

I think that it will be take long for it to be used as regular money.

In fact, regular money took long to be used in its electronic version. I still know people that do not trust much on online bank transfers and payments. Due to Bitcoin being full online, well, it will take some time.

I am happy if it is a way to store value for some time.

I don't think even after Long time it will happen. Very difficult to replace the existing currencies with Bitcoin.

maokoto

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I think that it will be take long for it to be used as regular money.

In fact, regular money took long to be used in its electronic version. I still know people that do not trust much on online bank transfers and payments. Due to Bitcoin being full online, well, it will take some time.

I am happy if it is a way to store value for some time.

mallard

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Quote from: Supercrypt on October 17, 2015, 08:36:28 AM

Quote from: Amph on October 17, 2015, 07:45:24 AM

Quote from: mallard on October 17, 2015, 05:51:29 AM

I think that a lot of people here only want Bitcoin to become mainstream so that their investment will increase in price, not because Bitcoin is innovative and cool.

this will always be true, even in the case bitcoin will be the king and used directly to purchase everything

without money you can't survive or be happy in some case

but as long they help bitcoin going mainstream who care? it's fine for me

People will be happy just because of success of bitcoin and that success is possible because of the innovation behind bitcoin. So, if bitcoin goes main stream is a effect of chain reaction of many things and that would trigger many things, people's joy is one of them.

I mean that they don't give a fuck about the success of Bitcoin, they just want to get rich with no effort.

Supercrypt

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Quote from: Amph on October 17, 2015, 07:45:24 AM

Quote from: mallard on October 17, 2015, 05:51:29 AM

I think that a lot of people here only want Bitcoin to become mainstream so that their investment will increase in price, not because Bitcoin is innovative and cool.

this will always be true, even in the case bitcoin will be the king and used directly to purchase everything

without money you can't survive or be happy in some case

but as long they help bitcoin going mainstream who care? it's fine for me

People will be happy just because of success of bitcoin and that success is possible because of the innovation behind bitcoin. So, if bitcoin goes main stream is a effect of chain reaction of many things and that would trigger many things, people's joy is one of them.

Amph

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Quote from: mallard on October 17, 2015, 05:51:29 AM

I think that a lot of people here only want Bitcoin to become mainstream so that their investment will increase in price, not because Bitcoin is innovative and cool.

this will always be true, even in the case bitcoin will be the king and used directly to purchase everything

without money you can't survive or be happy in some case

but as long they help bitcoin going mainstream who care? it's fine for me

matt4054

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Bitcoin -- as it currently is -- is just not going to go mainstream by design.

It doesn't mean that Bitcoin has no future as an alternative and/or interbanking solution, or that smart layers couldn't use it as a store of value and/or transactional lower layer. However, the days when Bitcoin was seen as a stupid get-rich-quick scheme are probably over, and it's a good thing.

Daniel91

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Quote from: mallard on October 17, 2015, 05:51:29 AM

I think that a lot of people here only want Bitcoin to become mainstream so that their investment will increase in price, not because Bitcoin is innovative and cool.

I agree with you but this is ok, why not?
We support some revolutionary technology at the very early stage, when just a few people give their support, and later we receive huge rewards for our faith and initial support.
It's the same in the real market where many people became very reach because they bought some very cheap shares and later sold for very good price

mallard

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I think that a lot of people here only want Bitcoin to become mainstream so that their investment will increase in price, not because Bitcoin is innovative and cool.

Xenoph0bia

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I think bitcoin is not ready to use globally as a mainstream currency. I think that a if the bitcoins rises as a strong mainstream currency then it has the capacity to shut down the other companies like paypal, visa and mastercard. But it is possible only if most of the countries start recognizing and regulating bictoins otherwise its not possible.

RyanX

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Quote from: QUEDOS on October 16, 2015, 10:47:08 AM

Quote from: Trading on June 05, 2014, 05:47:43 PM

If bitcoin ever goes mainstream it will surely ruin the lifes of all the ones invested in fiat (see https://bitcointalksearch.org/topic/bitcoins-dystopian-future-180798). Gresham's Law will destroy their fiat savings, since everyone will want the stronger bitcoin and will dump fiat, devaluating it. We'll see it happen first in the troubled economies, with high inflation and generalized suspicion on governmental money because of past problems.

The lives of those heavily invested in fiat is already being ruined due to 0% interest rates, negative interest rates in denmark and switzerland and a whole host of other things

A mere 0.5% rate hike in the US will totally obliterate pension funds, life savings and investments held by 90% of the country

0.5% rate hike is more than 100% rise in percentage terms. Many borrower will not be able to afford it.

bitsat alien

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The major barrier is people. I go out and talk to people about Bitcoin, to try and get them to accept it

QUEDOS

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Quote from: Trading on June 05, 2014, 05:47:43 PM

If bitcoin ever goes mainstream it will surely ruin the lifes of all the ones invested in fiat (see https://bitcointalksearch.org/topic/bitcoins-dystopian-future-180798). Gresham's Law will destroy their fiat savings, since everyone will want the stronger bitcoin and will dump fiat, devaluating it. We'll see it happen first in the troubled economies, with high inflation and generalized suspicion on governmental money because of past problems.

The lives of those heavily invested in fiat is already being ruined due to 0% interest rates, negative interest rates in denmark and switzerland and a whole host of other things

A mere 0.5% rate hike in the US will totally obliterate pension funds, life savings and investments held by 90% of the country

confirmation120

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Would be great to see it above 1k again,,good times

Amph

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Quote from: RyanX on October 16, 2015, 04:32:00 AM

Quote from: BTCisthefuture on June 05, 2014, 11:44:15 PM

I would say it's already gone mainstream.

Of course there's huge room for more adoption, and it's not as mainstream as say people having a debit card or phone in their pocket.

I'm excited about the future of bitcoin and or cryptocurrencies.

No yet main stream. When 1% world population know about bitcoin, it is in mainstream.

i'm sure we need more than 30M people, be aware that you should not count 7B people as the whole population, becasue there are many new born children, people without even internet like those in africa, etc...

so counting half of that elad us to 30M with what you are saying, which i think it's too low of a number...

John_Dave

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Looking forward to being able to pay by bitcoins on a daily basis (groceries, cafes, petrol, etc...)

Topic: If bitcoin ever goes mainstream - page 13. (Read 29064 times)