The beginning of the killer app era for bitcoin

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: maku on April 21, 2015, 10:33:16 AM

Quote from: BitCoinNutJob on April 20, 2015, 04:31:19 PM

Awesome news! 2016/2017 will be year of mass adoption of bitcoin. Can't wait for that

It is not certain. We thought that after 2013 bitcoin price spike it will be only better in 2014 and see what we achieved in 2015, bitcoin is closer to $200 that to $1000. Killer app can't help this situation.
As there is little that can be changed just by adding new software when core elements of bitcoin might be faulty.

Well a killer app would definitely change the way things are going - that is actually the definition of a killer app. A rising price would "only" be the effect of such a technology, which is good since it wouldn't only rely on speculation.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: molecular on April 21, 2015, 10:23:28 AM

I'm not sure, but I have a feeling that when "the peoples money" is waiting for Wall Street to bring high valuation or a killer app from VC-funded startups enabled by government regulation to bring mass adoption then something's not quite right.

I think the killer app is already there. It's called "censorship resistant teleportable sound money".

If people don't use it, then either the people have no need or they don't know they have a need for it.

I think it's the latter. So we might need more education... but when talking to people about money we often hit psychological barriers.

Here's an interesting talk by Molineux given at the Texas Bitcoin conference touching on this topic: https://www.youtube.com/watch?v=1iGoq22jMYA

Well it boils down to what want to do with the coins. Some people like to store their wealth in a way that it is safe from political or economical shifts. And some people just like being able to buy something online without revealing their identity, BTC has many applications and it is up to you to decide which one you'd like to use.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

Quote from: BillyBobZorton on April 22, 2015, 12:34:52 PM

Quote from: futureofbitcoin on April 21, 2015, 09:00:06 AM

Quote from: pereira4 on April 21, 2015, 07:27:55 AM

Once Maidsafe is operative and decentralized apps are a reality, so many existing programs are going to be effectively deprecated. Who the hell is going to use Bitorrent when you can download anonymously on Maidsafe? the same goes for any single thing you can think off.

Why the hell should I use Maidsafe, if I can use bittorrent easily, knowing how it works, and that it actually works?

I don't know why so many here are so delusional. Even if YOU think that decentralization/anonymity is more important than your life, it's obvious that 99.99999% of the world doesn't feel that way.

Are you even serious? Why should you keep risking getting raided because you downloaded some lame hollywood movie throught pirate-bay right?
Surveliance is going increasingly NUTS... in germany people is getting randomly put to jail because they downloaded some TV series or whatever.

Once people realize there is an alternative like Maidsafe to remain anonymous it will be huge. This is pretty obvious.

This is exactly what I mean by delusional. It doesn't matter whether maidsafe or whatever else is better than bittorrent or not. It doesn't matter whether anonymity is important or not.

What matters is whether people are aware of problems (whether they exist or not) with the current way things work. Clearly, the majority of the world are not overly paranoid nor try as hard as possible to hide their illegal activities, thinking it's completely justified.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: futureofbitcoin on April 21, 2015, 09:00:06 AM

Quote from: pereira4 on April 21, 2015, 07:27:55 AM

Once Maidsafe is operative and decentralized apps are a reality, so many existing programs are going to be effectively deprecated. Who the hell is going to use Bitorrent when you can download anonymously on Maidsafe? the same goes for any single thing you can think off.

Why the hell should I use Maidsafe, if I can use bittorrent easily, knowing how it works, and that it actually works?

I don't know why so many here are so delusional. Even if YOU think that decentralization/anonymity is more important than your life, it's obvious that 99.99999% of the world doesn't feel that way.

Are you even serious? Why should you keep risking getting raided because you downloaded some lame hollywood movie throught pirate-bay right?
Surveliance is going increasingly NUTS... in germany people is getting randomly put to jail because they downloaded some TV series or whatever.

Once people realize there is an alternative like Maidsafe to remain anonymous it will be huge. This is pretty obvious.

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Quote from: molecular on April 21, 2015, 10:23:28 AM

I think the killer app is already there. It's called "censorship resistant teleportable sound money".

And it is only those who understand this will make the really big bucks Grin

Everyone else will be off chasing rainbows and other ethereal things.

poordeveloper

hero member

Activity: 896

Merit: 527

₿₿₿₿₿₿₿

Quote from: maku on April 21, 2015, 10:33:16 AM

Quote from: BitCoinNutJob on April 20, 2015, 04:31:19 PM

Awesome news! 2016/2017 will be year of mass adoption of bitcoin. Can't wait for that

It is not certain. We thought that after 2013 bitcoin price spike it will be only better in 2014 and see what we achieved in 2015, bitcoin is closer to $200 that to $1000. Killer app can't help this situation.
As there is little that can be changed just by adding new software when core elements of bitcoin might be faulty.

Which core elements? If there were core elements of Bitcoin being faulty, we'd have known by now.
The Bitcoin market moves millions - there is incentive to find flaws, but no one has ever found any.

maku

legendary

Activity: 1288

Merit: 1000

Quote from: BitCoinNutJob on April 20, 2015, 04:31:19 PM

Awesome news! 2016/2017 will be year of mass adoption of bitcoin. Can't wait for that

It is not certain. We thought that after 2013 bitcoin price spike it will be only better in 2014 and see what we achieved in 2015, bitcoin is closer to $200 that to $1000. Killer app can't help this situation.
As there is little that can be changed just by adding new software when core elements of bitcoin might be faulty.

molecular

donator

Activity: 2772

Merit: 1019

I'm not sure, but I have a feeling that when "the peoples money" is waiting for Wall Street to bring high valuation or a killer app from VC-funded startups enabled by government regulation to bring mass adoption then something's not quite right.

I think the killer app is already there. It's called "censorship resistant teleportable sound money".

If people don't use it, then either the people have no need or they don't know they have a need for it.

I think it's the latter. So we might need more education... but when talking to people about money we often hit psychological barriers.

Here's an interesting talk by Molineux given at the Texas Bitcoin conference touching on this topic: https://www.youtube.com/watch?v=1iGoq22jMYA

futureofbitcoin

sr. member

Activity: 322

Merit: 250

Quote from: pereira4 on April 21, 2015, 07:27:55 AM

Once Maidsafe is operative and decentralized apps are a reality, so many existing programs are going to be effectively deprecated. Who the hell is going to use Bitorrent when you can download anonymously on Maidsafe? the same goes for any single thing you can think off.

Why the hell should I use Maidsafe, if I can use bittorrent easily, knowing how it works, and that it actually works?

I don't know why so many here are so delusional. Even if YOU think that decentralization/anonymity is more important than your life, it's obvious that 99.99999% of the world doesn't feel that way.

pereira4

legendary

Activity: 1610

Merit: 1183

Once Maidsafe is operative and decentralized apps are a reality, so many existing programs are going to be effectively deprecated. Who the hell is going to use Bitorrent when you can download anonymously on Maidsafe? the same goes for any single thing you can think off.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: zby on April 20, 2015, 07:17:03 AM

Quote from: ensurance982 on April 20, 2015, 07:14:12 AM

Quote from: zby on April 20, 2015, 07:10:59 AM

Quote from: ensurance982 on April 20, 2015, 05:31:02 AM

Quote from: zby on April 20, 2015, 05:17:21 AM

I would not bet on that.

Well sure, nothing is certain - this is the speculation forum, but could you maybe at least elaborate why you consider these predictions and ideas to be improbable?

Technically it looks very complicated because SIMs are not directly connected to the Internet and also they don't have storage capacities to store the whole blockchain. Also it does not look likely that a big company would bet its reputation on bitcoin at this stage.

All in all looks like some news made just to make the bitcoin enthusiasts salivate - crazy big numbers, mobile, etc. - something to ignite the imagination of the traders, just like those notorious 'if only Amazon started accepting bitcoin/if only a billionaire invested his pocket money into bitcoin' threads.

Just a speculation

You don't need to store the whole blockchain on a mobile device. You just need a lightweight client and some sort of storing private keys securely. A hardware wallet or secure hardware element in a mobile phone (SIM) seems like the perfect way of doing this.

OK - let's see - I've actually just bought a bit - this might be good enough to push another mini-rally.

The hype around 21 has already been priced in quite some time ago. News don't do the trick anymore. Bitcoin's price is currently mainly (only!?) driven by plain old speculation. This may become important in the longterm, though!

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Following

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: shmadz on April 20, 2015, 05:12:52 PM

Quote from: lebing on April 20, 2015, 01:05:59 PM

Quote from: Torque on April 20, 2015, 09:08:13 AM

No effin' way in hell I'm trusting my btc to a proprietary hardware phone wallet that'll be backdoored by the NSA/gov't, and can track every single transaction made.

You dont have to with bitsim. Everything is on the card.

http://arstechnica.com/tech-policy/2015/02/sim-card-makers-hacked-by-nsa-and-gchq-leaving-cell-networks-wide-open/

You mean those cards?

honestly, how many people post in here without even trying to understand the links I posted?

No, not those cards. The bitsim card redirects encrypted transactions through the sim cards. Unless the NSA can crack SHA 256, then no they cannot crack those transactions.

vvv8

member

Activity: 420

Merit: 10

Quote from: Natalia_AnatolioPAMM on April 20, 2015, 03:08:57 PM

these rumors are perspective, but I highly doubt it goes wherever further than that

Welcome to my ignore list. Gosh, it has been growing soo fast lately...

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: lebing on April 20, 2015, 01:05:59 PM

Quote from: Torque on April 20, 2015, 09:08:13 AM

No effin' way in hell I'm trusting my btc to a proprietary hardware phone wallet that'll be backdoored by the NSA/gov't, and can track every single transaction made.

You dont have to with bitsim. Everything is on the card.

http://arstechnica.com/tech-policy/2015/02/sim-card-makers-hacked-by-nsa-and-gchq-leaving-cell-networks-wide-open/

You mean those cards?

BitCoinNutJob

legendary

Activity: 1330

Merit: 1000

Awesome news! 2016/2017 will be year of mass adoption of bitcoin. Can't wait for that

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: Natalia_AnatolioPAMM on April 20, 2015, 03:08:57 PM

these rumors are perspective, but I highly doubt it goes wherever further than that

why post if you arent going to even read the links?

Natalia_AnatolioPAMM

full member

Activity: 280

Merit: 100

these rumors are perspective, but I highly doubt it goes wherever further than that

vvv8

member

Activity: 420

Merit: 10

Quote from: lebing on April 20, 2015, 02:57:42 AM

One company already has a working prototype of a permission less dumbphone bitcoin app. It is now rumored that 21 is also working on a project with Qualcomm to install a bitcoin wallet into every phone on the planet through 21. When these hit market, the world will never be the same.

https://www.youtube.com/watch?v=MNTObCr4gnM&feature=youtu.be
http://www.bitsim.co/
http://www.reddit.com/r/Bitcoin/comments/336f1w/its_not_about_21_inc_its_all_about_qualcomm/

Nice find OP. I believe you are correct. This is definitely one of the ways for bitcoin mass adoption and I believe it will work.

If qualcomm is involved in something, it means you need to sit down and listen. If 21inc is working with qualcomm, it means you need to sit down, listen, and believe what you're being told. It's as simple as that.

I find it rather hilarious how many people posted in this thread that don't understand much of anything at all. ROFL

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: Torque on April 20, 2015, 09:08:13 AM

No effin' way in hell I'm trusting my btc to a proprietary hardware phone wallet that'll be backdoored by the NSA/gov't, and can track every single transaction made.

You dont have to with bitsim. Everything is on the card.

Topic: The beginning of the killer app era for bitcoin (Read 2746 times)