Author

Topic: [Poll] Price, Mainstream media and Bitcoin (Read 1000 times)

legendary
Activity: 2212
Merit: 1008
August 17, 2012, 04:05:28 AM
#9
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
sr. member
Activity: 457
Merit: 250
Look for the bear necessities!!
August 17, 2012, 03:57:50 AM
#8
As an American, I find your use of commas confusing.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
August 16, 2012, 07:46:48 PM
#7
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. 
hero member
Activity: 931
Merit: 500
August 16, 2012, 06:58:50 PM
#6
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.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
August 16, 2012, 05:00:18 PM
#5
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.
sr. member
Activity: 288
Merit: 251
August 16, 2012, 04:30:50 PM
#4
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.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
August 16, 2012, 04:18:55 PM
#3
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
hero member
Activity: 602
Merit: 508
Firstbits: 1waspoza
August 16, 2012, 04:06:15 PM
#2
Im not sure if bitcoin is ready for mainstream. Default client is certainly not.
hero member
Activity: 931
Merit: 500
August 16, 2012, 04:00:39 PM
#1
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.

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