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Topic: Is Bitcoin entering the mainstream FINALLY? (Read 5425 times)

legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
November 21, 2013, 08:58:42 PM
#58
Looks like I was wrong. USA Today says Bitcoin is starting to enter the mainstream.

And if it wasn't then their article will certainly help that to happen.

:-)

http://www.usatoday.com/story/news/nation/2013/11/21/businesses-embrace-bitcoin/3666279/
full member
Activity: 200
Merit: 100
November 14, 2013, 06:58:17 AM
#57
There are still not enough infrastructure supporting bitcoin for mainstream usage so no.

I have the feeling alot of companies are working on this. There is still a lot of first mover spots in different industries.. Even banks could benefit form integrating bitcoins, or they could eventually be left out in 10-20+ years
b!z
legendary
Activity: 1582
Merit: 1010
November 14, 2013, 06:14:13 AM
#56
i think the term bitcoin has entered the mainstream, but i don't think that its function has even approached normalcy in any society on earth, yet.

Well, if people use the term, they should at least know what it means... right?
Obviously they don't know what it means exactly.
It's possible that they will do research on Bitcoin, and start to use it. There are many businesses which have just recently started to accept Bitcoin. On r/bitcoin you always see "___ restaurant/shop accepts Bitcoins now"
legendary
Activity: 2674
Merit: 3000
Terminated.
November 11, 2013, 10:46:31 AM
#55
i think the term bitcoin has entered the mainstream, but i don't think that its function has even approached normalcy in any society on earth, yet.

Well, if people use the term, they should at least know what it means... right?
Obviously they don't know what it means exactly.
b!z
legendary
Activity: 1582
Merit: 1010
November 11, 2013, 09:30:51 AM
#54
i think the term bitcoin has entered the mainstream, but i don't think that its function has even approached normalcy in any society on earth, yet.

Well, if people use the term, they should at least know what it means... right?
donator
Activity: 1722
Merit: 1036
November 11, 2013, 04:55:21 AM
#53
Cars we're not mainstream when they were invented , nor the internet nor the mobile phones , not google , not bitcoin not even fire.
Most of those really become , bitcoin has all the time to become on too but until that, as I said before , it's 149 950 000 uses/day short of it Cheesy

Nice way to put it! If we assume that bitcoin is 10 times overvalued now, it still leaves plenty of upside.
sr. member
Activity: 437
Merit: 255
November 10, 2013, 04:09:09 PM
#51
The current adoption speed is much faster than anything the world has seen before. The real question is not if it will go mainstream finally but more how the lifecycle of Bitcoin looks like. What will happen after 30 to 50 years when other positions take over the role of Bitcoin ?
hero member
Activity: 826
Merit: 501
in defi we trust
November 10, 2013, 04:07:12 PM
#50
You'll say the same about bitcoins in 2100.
Are bitcoins mainstream? Yeah , there are 900 millions users /day.

2100? I'd be suprised if Bitcoin is still in use, it will probably have been replaced by then. I expect mainstream adoption will occur much quicker than that: let's see where we are by 2020.

It was just an example to make a blinkered hothead zealot understand the difference between it is and it will be.
I pretty much doubt there will be any kind of user (visa/bitcoin/toothpaste) on this planet by 2100 , the way things are going.
legendary
Activity: 2674
Merit: 3000
Terminated.
November 10, 2013, 04:06:44 PM
#49
We need more businesses to adopt bitcoin as payment option and make cloud mining as known as it could for more individual adoption.
This. Bitcoin has to be accepted on some local level. Once someone sees "Bitcoin accepted here", they will surely start asking question.
sr. member
Activity: 364
Merit: 253
November 10, 2013, 04:03:58 PM
#48
We need more businesses to adopt bitcoin as payment option and make cloud mining as known as it could for more individual adoption.
hero member
Activity: 898
Merit: 1000
November 10, 2013, 03:59:41 PM
#47
You'll say the same about bitcoins in 2100.
Are bitcoins mainstream? Yeah , there are 900 millions users /day.

2100? I'd be suprised if Bitcoin is still in use, it will probably have been replaced by then. I expect mainstream adoption will occur much quicker than that: let's see where we are by 2020.
sr. member
Activity: 437
Merit: 255
November 10, 2013, 03:54:55 PM
#46

Ps. A trivia,I was going to use if you continued you're nonsense:
Right now there are more people undergoing a sex change than people using bitcoin. Smiley


Nice reply - you continue your unsubstantiated unfriendly talk starting with:
"It doesn't fu*** matter"

Hope you got your lesson.
hero member
Activity: 826
Merit: 501
in defi we trust
November 10, 2013, 03:48:49 PM
#45
Most of those really become , bitcoin has all the time to become on too but until that, as I said before , it's 149 950 000 uses/day short of it Cheesy

My friend - you miss the fact by magnitude. People are tired of paying debts, credit card fees and work for a completely corrupt finance industry - criminals in suits - believe me I know what I am talking about probably much better than you.

For Bitcoins it means - as soon as the 'normal' people start to trust in Bitcoin you can forget VISA, WU, PP etc - they will be gone. That is no question of numbers anymore. For everything else refer to the WWW growth and shorten it to 10 years - the first 5 are gone already.

So you acknowledge it hasn't happened yet. Thank you for not wasting my time.
Now , really , ..... what was the point of all the data and copy paste you have done?

Ps. A trivia,I was going to use if you continued you're nonsense:
Right now there are more people undergoing a sex change than people using bitcoin. Smiley
sr. member
Activity: 437
Merit: 255
November 10, 2013, 03:39:36 PM
#44
Most of those really become , bitcoin has all the time to become on too but until that, as I said before , it's 149 950 000 uses/day short of it Cheesy

My friend - you miss the fact by magnitude. People are tired of paying debts, credit card fees and work for a completely corrupt finance industry - criminals in suits - believe me I know what I am talking about probably much better than you.

For Bitcoins it means - as soon as the 'normal' people start to trust in Bitcoin you can forget VISA, WU, PP etc - they will be gone. That is no question of numbers anymore. For everything else refer to the WWW growth and shorten it to 10 years - the first 5 are gone already.
hero member
Activity: 826
Merit: 501
in defi we trust
November 10, 2013, 03:28:16 PM
#43
@niothor
You are not very friendly. And your stories sound very childish.

Anyways I will give you some examples for comparable mass adoptions (means forget your numbers):

 - Internet
In 1982, the Internet protocol suite (TCP/IP) was standardized (some expereiments before as ARPANET).
Internet's takeover of the global communication landscape was almost instant in historical terms: it only communicated 1% of the information flowing through two-way telecommunications networks in the year 1993, already 51% by 2000, and more than 97% of the telecommunicated information by 2007

DATE_____NUMBER OF USERS% WORLD POPULATION
Dec, 199516 millions 0.4 %
Mar, 2000304 millions5.0 %
Dec, 20051,018 millions15.7 %
Sep, 20101,971 millions28.8 %
Mar, 20132,749 millions38.8 %

 - Web
On 6 August 1991, Berners-Lee posted a short summary of the World Wide Web project on the alt.hypertext newsgroup.
Currently with nearly 1/2 billion websites and at a growth rate of nearly 5% per month futurepredictions.com estimates nearly 1 billion active websites by the end of 2012.

(ref: How big is the Internet?
 
 - mobile phone
From 1990 to 2011, worldwide mobile phone subscriptions grew from 12.4 million to over 6 billion, penetrating about 87% of the global population and reaching the bottom of the economic pyramid.

 - SMS
The first SMS text message was sent from a computer to a mobile phone in 1992 in the UK, while the first person-to-person SMS from phone to phone was sent in Finland in 1993.

The first mobile news service, delivered via SMS, was launched in Finland in 2000, and subsequently many organizations provided "on-demand" and "instant" news services by SMS.

SMS is the most widely used data application, with an estimated 3.5 billion active users, or about 80% of all mobile phone subscribers at the end of 2010.


 - google
The domain name for Google was registered on September 15, 1997
In January 2013, Google announced it had earned $50 billion in annual revenue for the year of 2012.



To understand for little children - just take the diagram of hostnames - it may represent what Bitcoin will going to very good. Only a fool cannot see where this is going to. And remember IBMs reply to micro computers and PCs - that was the reason for Microsoft incredible rise.


You continue on the path of stupidy my friend
Mainstream means majority
Cellphones weren't mainstream in 1990
Internet wasn't mainstream in 1995

Are they now? Yes!

Just because those things become used by most people in the world it doesn't mean they held 51% of the market share the day they were launched.

Credit cards are mainstream now.
Were they in 1970? NO.

You'll say the same about bitcoins in 2100.
Are bitcoins mainstream? Yeah , there are 900 millions users /day.
Were bitcoins mainstream in 2013 ? Hell no!

You fail to understand a simple thing!
Cars we're not mainstream when they were invented , nor the internet nor the mobile phones , not google , not bitcoin not even fire.
Most of those really become , bitcoin has all the time to become on too but until that, as I said before , it's 149 950 000 uses/day short of it Cheesy



sr. member
Activity: 437
Merit: 255
November 10, 2013, 03:04:51 PM
#42
@niothor
You are not very friendly. And your stories sound very childish.

Anyways I will give you some examples for comparable mass adoptions (means forget your numbers):

 - Internet
In 1982, the Internet protocol suite (TCP/IP) was standardized (some expereiments before as ARPANET).
Internet's takeover of the global communication landscape was almost instant in historical terms: it only communicated 1% of the information flowing through two-way telecommunications networks in the year 1993, already 51% by 2000, and more than 97% of the telecommunicated information by 2007

DATE_____NUMBER OF USERS% WORLD POPULATION
Dec, 199516 millions 0.4 %
Mar, 2000304 millions5.0 %
Dec, 20051,018 millions15.7 %
Sep, 20101,971 millions28.8 %
Mar, 20132,749 millions38.8 %

 - Web
On 6 August 1991, Berners-Lee posted a short summary of the World Wide Web project on the alt.hypertext newsgroup.
Currently with nearly 1/2 billion websites and at a growth rate of nearly 5% per month futurepredictions.com estimates nearly 1 billion active websites by the end of 2012.

(ref: How big is the Internet?
 
 - mobile phone
From 1990 to 2011, worldwide mobile phone subscriptions grew from 12.4 million to over 6 billion, penetrating about 87% of the global population and reaching the bottom of the economic pyramid.

 - SMS
The first SMS text message was sent from a computer to a mobile phone in 1992 in the UK, while the first person-to-person SMS from phone to phone was sent in Finland in 1993.

The first mobile news service, delivered via SMS, was launched in Finland in 2000, and subsequently many organizations provided "on-demand" and "instant" news services by SMS.

SMS is the most widely used data application, with an estimated 3.5 billion active users, or about 80% of all mobile phone subscribers at the end of 2010.


 - google
The domain name for Google was registered on September 15, 1997
In January 2013, Google announced it had earned $50 billion in annual revenue for the year of 2012.



To understand for little children - just take the diagram of hostnames - it may represent what Bitcoin will going to very good. Only a fool cannot see where this is going to. And remember IBMs reply to micro computers and PCs - that was the reason for Microsoft incredible rise.
newbie
Activity: 56
Merit: 0
November 10, 2013, 02:16:54 PM
#41
i think the term bitcoin has entered the mainstream, but i don't think that its function has even approached normalcy in any society on earth, yet.
hero member
Activity: 826
Merit: 501
in defi we trust
November 10, 2013, 02:13:25 PM
#40
Edit:
Just found this one:
VisaNet authorizes, clears and settles an average of 150 million transactions per day in 200 countries and territories.
So , 3000:1.

Keep in mind what VISA really is:  
 - in the market since 1970
 - at the stock market since 2008
 - a first hint on their operational model is in http://de.wikipedia.org/wiki/Visa_Inc.#Einzelnachweise under "How Visa operates. In: Forbes. 25. Februar 2008, abgerufen am 9. Juni 2011" -- this link has been invalidated
 - the next hint is here: This is how visa works

From this one may take two lessons:
1. Bitcoin is by dimension faster than VISA
2. Bitcoin does not need to do filthy things to undermine people - its freedom and small fees

From point 2 we all can expect massive attacks of VISA against BTC.


It doesn't fu*** matter
They could be around from 1601.

The fact is that the number of trasactions is 3000:1.
The thread was "Is Bitcoin entering the mainstream FINALLY? "
The answer is NO.
If the question was "Will Bitcoin entering the mainstream FINALLY? "
Then all that you have said would mean anything.

Yes it matters a lot. And the answer is "Yes BTC is short before being mainstream already".

Your reply is little bit strange - "It doesn't fu*** matter" - I hope you are not one of the nasty VISA guys. If I would work for VISA I would look out for a new job right now before the problem becomes evident.

Since Bitcoin started in 2009 it has grown over 30000% in only four years. And this is just the beginning. When the market flips, what happened often in history, then WU PP VISA and some other companies making lots of money with nothing will disappear or at least shrink to where they ought to be.


Typical zealot , if he doesn't praise bitcoin he must be working for visa or paypal.
Are you insane?

Let me give you an example:
Gas cars , mass produced for 100 years.
Electric cars , almost mass produced for 4 years.

Are electric cars mainstream? NO. Will they? MAYBE!

The same story applies to the dvd players
One year after their launch they covered less than 2% of the market.
Were they mainstream at that time? NO.
Have they become ? YES!

Same applies here bitcoinbadboy.
It doesn't matter if visa mastercard or paypal or hulamanula have been around for 100 years and bitcoin only for 4.

When the ration goes from 3000:1 to 1:30 you can say people have worldwide adopted bitcoin but until that bitcoin is just a novelty ... nothing more.

Mainstream is the common current thought of the majority.[1] Bitcoin is short by 149 950 000 trasactions/day from that.
sr. member
Activity: 437
Merit: 255
November 10, 2013, 01:49:16 PM
#39
Edit:
Just found this one:
VisaNet authorizes, clears and settles an average of 150 million transactions per day in 200 countries and territories.
So , 3000:1.

Keep in mind what VISA really is:   
 - in the market since 1970
 - at the stock market since 2008
 - a first hint on their operational model is in http://de.wikipedia.org/wiki/Visa_Inc.#Einzelnachweise under "How Visa operates. In: Forbes. 25. Februar 2008, abgerufen am 9. Juni 2011" -- this link has been invalidated
 - the next hint is here: This is how visa works

From this one may take two lessons:
1. Bitcoin is by dimension faster than VISA
2. Bitcoin does not need to do filthy things to undermine people - its freedom and small fees

From point 2 we all can expect massive attacks of VISA against BTC.


It doesn't fu*** matter
They could be around from 1601.

The fact is that the number of trasactions is 3000:1.
The thread was "Is Bitcoin entering the mainstream FINALLY? "
The answer is NO.
If the question was "Will Bitcoin entering the mainstream FINALLY? "
Then all that you have said would mean anything.

Yes it matters a lot. And the answer is "Yes BTC is short before being mainstream already".

Your reply is little bit strange - "It doesn't fu*** matter" - I hope you are not one of the nasty VISA guys. If I would work for VISA I would look out for a new job right now before the problem becomes evident.

Since Bitcoin started in 2009 it has grown over 30000% in only four years. And this is just the beginning. When the market flips, what happened often in history, then WU PP VISA and some other companies making lots of money with nothing will disappear or at least shrink to where they ought to be.
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