[Poll] Price, Mainstream media and Bitcoin

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: dissipate on August 16, 2012, 04:30:50 PM

Quote from: waspoza on August 16, 2012, 04:06:15 PM

Im not sure if bitcoin is ready for mainstream. Default client is certainly not.

Default client (Satoshi client) will never be ready for mainstream if it includes a full blockchain download. I predict that if Bitcoin ever goes mainstream it will be through some cloud wallet service like coinbase.com. Then, the only clients that might go mainstream will be 'light' clients like Electrum. People's attention spans these days are extremely short. A relatively few number of people will want to sit and wait for the blockchain to download.

i let the chain download while im asleep

Bjork

sr. member

Activity: 457

Merit: 250

Look for the bear necessities!!

As an American, I find your use of commas confusing.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Thank you. I voted 50,000 USD per BTC which for 21 million BTC would translate into 1.05 trillion USD or roughly 5% of world M1.

beckspace

hero member

Activity: 931

Merit: 500

You have a point. Indeed mainstream media may only talk about something really meaningful percentage wise of the world M1 money supply.

This may take a while.

Options added.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

For a 1% of the world M1 money supply one needs a price of approximately USD 10,000 to 1 BTC so I would say none of the above. I would suspect BTC would be quoted on Bloomberg on a regular basis once it reaches say USD 50,000 to USD 100,000 to 1 BTC. Provide options such as USD 5000, USD 10000, USD 50000 and USD 100000 and then I will vote in this poll.

dissipate

sr. member

Activity: 288

Merit: 251

Quote from: waspoza on August 16, 2012, 04:06:15 PM

Im not sure if bitcoin is ready for mainstream. Default client is certainly not.

Default client (Satoshi client) will never be ready for mainstream if it includes a full blockchain download. I predict that if Bitcoin ever goes mainstream it will be through some cloud wallet service like coinbase.com. Then, the only clients that might go mainstream will be 'light' clients like Electrum. People's attention spans these days are extremely short. A relatively few number of people will want to sit and wait for the blockchain to download.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

If by mainstream media you mean thing like the major news outlets and tv networks: Never, and I am certain of that.

But they stopped being the "main" stream a while ago Cheesy

waspoza

hero member

Activity: 602

Merit: 508

Firstbits: 1waspoza

Im not sure if bitcoin is ready for mainstream. Default client is certainly not.

beckspace

hero member

Activity: 931

Merit: 500

In other words: Will Bitcoin get almost daily coverage on bloomberg someday? I'm tired of hearing about dollars, euros, pounds, gold, bonds, bailouts and nothing about the greatest financial invention of our times.

Topic: [Poll] Price, Mainstream media and Bitcoin (Read 1001 times)