Is Bitcoin ever be Mainstream? - page 6.

Kesecer

newbie

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Quote from: Rludd on December 11, 2017, 12:46:50 PM

They are already mainstream - hence banks trying to exploit their value.

I'm not particularly enthused by bank-issued novel cryptocurrencies, though.

The entire idea is to not rely on a central issuing agency.

Crypto currency will be the cause of the next great economic crash

secondgarlic

member

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Merit: 16

In terms of popularity, I would say that bitcoin is already mainstream. However, if you are referring to being a daily payment method, I think that won't happen, due to the significantly high price of a coin, long transaction times and high transaction fees.

Amial

newbie

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Quote from: Bamel on December 11, 2017, 12:47:27 PM

Quote from: Drunkenhorse on December 11, 2017, 12:44:45 PM

As an alternative to money yes, as the only currency, don't think so. I even think that Steemit has more chances than Bitcoin.

Bitcoins main problem is that it's not centrally controlled. Currently each transaction on the blockchain uses kWh, equivalent to, on average, 2-3 days of electricity in a UK house.

It's not scalable and it's grossly inefficient because of it.

You don't understand. Not being centralised is the whole point. As for energy waste, do you realise how many computers and buildings full of people are working right now to process that sandwich transaction you made at lunchtime?

Bamel

newbie

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Quote from: Drunkenhorse on December 11, 2017, 12:44:45 PM

As an alternative to money yes, as the only currency, don't think so. I even think that Steemit has more chances than Bitcoin.

Bitcoins main problem is that it's not centrally controlled. Currently each transaction on the blockchain uses kWh, equivalent to, on average, 2-3 days of electricity in a UK house.

It's not scalable and it's grossly inefficient because of it.

baradfo

full member

Activity: 232

Merit: 105

Bitcoin and other coins are being used in stores worldwide. I don't know where you're getting your information, but you should be more aware. There are even major companies, i.e. Paypal, Overstock, Newegg, that accept Bitcoin and even some alts depending on the store. Education and awareness are key. Try looking into www.cryptofunds.online to see more information.

Rludd

newbie

Activity: 28

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They are already mainstream - hence banks trying to exploit their value.

I'm not particularly enthused by bank-issued novel cryptocurrencies, though.

The entire idea is to not rely on a central issuing agency.

Drunkenhorse

member

Activity: 112

Merit: 10

As an alternative to money yes, as the only currency, don't think so. I even think that Steemit has more chances than Bitcoin.

Sundark

hero member

Activity: 560

Merit: 502

I think bitcoin is kinda asset, not currency cuz it's not supported in stores yet and is not that simple to use for regular people. It's mainstream cuz it costs a lot.

hndrk10

member

Activity: 224

Merit: 11

Sharpay - Share Button with Blockchain Profit

Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment? Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?

Topic: Is Bitcoin ever be Mainstream? - page 6. (Read 930 times)