We are still early adopters - page 4.

johnyj

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Beyond Imagination

Quote from: BADecker on November 25, 2014, 11:43:12 PM

Quote from: twister on November 25, 2014, 11:24:42 PM

I say we are late and adoption is not as cheap as it was before.

Absolutely true. I wish that I would have been one of the 2010 bitcoiners. In this way we are late.

Who knows the future? If Bitcoin fails, we lose. However, if we can promote Bitcoin into 10x the use that it has today, the price will probably go up some. Maybe not 10x, but maybe back to the $1,200 range.

Since the exchange rate rise exponentially, you are always late any time, actually the coin's price is always the same as the current mining cost, so the investment decision is equally difficult in 2011 or 2014

Due to the high technical barrier and wallet safety concern, most of the people still does not have enough confidence to store their wealth into bitcoin, so this is still early phase. Once there are many secure wallet storage services up and running and people don't worry about losing their coins, there will be another fast growth period

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: BADecker on November 25, 2014, 11:43:12 PM

Quote from: twister on November 25, 2014, 11:24:42 PM

I say we are late and adoption is not as cheap as it was before.

Absolutely true. I wish that I would have been one of the 2010 bitcoiners. In this way we are late.

Who knows the future? If Bitcoin fails, we lose. However, if we can promote Bitcoin into 10x the use that it has today, the price will probably go up some. Maybe not 10x, but maybe back to the $1,200 range.

in the future, we may be seeing prices like 3.287 cents.... per bit :-)

BADecker

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Quote from: twister on November 25, 2014, 11:24:42 PM

I say we are late and adoption is not as cheap as it was before.

Absolutely true. I wish that I would have been one of the 2010 bitcoiners. In this way we are late.

Who knows the future? If Bitcoin fails, we lose. However, if we can promote Bitcoin into 10x the use that it has today, the price will probably go up some. Maybe not 10x, but maybe back to the $1,200 range.

twister

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I say we are late and adoption is not as cheap as it was before.

BADecker

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Okay. Since we are still early adopters, let's get behind every effort for promoting Bitcoin that we can. And let's start thinking of all the new ways we can promote. Has anyone done mailings?

sobitcoin

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Quote from: Flashman on November 25, 2014, 07:52:39 AM

Truth

Right? New technology takes time. We're doing just fine lol

commandrix

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Quote from: TaunSew on November 25, 2014, 12:28:58 PM

Quote from: commandrix on November 25, 2014, 12:15:34 PM

Point, but couldn't you make a neat chart out of it? My opinion is that it's no coincidence that cryptocurrencies are getting their start right when people are starting to get serious about colonizing space. Someday one cryptocurrency or another is going to be pretty much the standard for interplanetary trade.

What do you know that we don't know? I think you meant intercontinental. Interplanetary means between planets. Cheesy

What you don't know is that I am a time traveller from the distant future and our quantum computing and communications capability works wonders when it comes to making transactions very quick. Tongue

Seriously though. What makes you think that each planet won't have its own cryptocurrency and exchange rates between altcoins won't be taken a lot more seriously than they are now?

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: jonald_fyookball on November 25, 2014, 09:57:25 PM

if we are still the very very early adopters, what are the implications?

Our children will blame us for having cheap bitcoins and squandering them instead of hodling.

Flashman

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Hodl!

The implication being that if true mass adoption is still to come, past bubbles will look like an ant fart beside an H-bomb.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

if we are still the very very early adopters, what are the implications?

rigdeer

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yes we are,i am sure of that.

tzortz

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Stats everywhere...

Melbustus

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Quote from: kokojie on November 25, 2014, 10:08:30 AM

Difference is Web has 300M users at 5 years mark, we have no more than 1M users at 5 years mark. At this rate, it'll be year 2150 when we reach 1% population

Really? The internet had 300M users in 1974? http://en.wikipedia.org/wiki/ARPANET

If you mean "web" as in WWW, you're still off by an order of magnitude.

And I'd argue that Bitcoin is more foundational than WWW, and so it's far more reasonable to say that we're currently in a "pre-web" equivalent period.

But I honestly go back and forth between feeling like Bitcoin right now is equivalent to the internet in 1984 or 1994. Doesn't matter in the end, though.

Flashman

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Hodl!

Show me the guy on Mars that needs it... these things only tend to get pushed along when there is a killer app for them.

jbreher

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lose: unfind ... loose: untight

Quote from: Flashman on November 25, 2014, 01:51:01 PM

Quote from: jbreher on November 25, 2014, 01:05:16 PM

Quote from: commandrix on November 25, 2014, 12:15:34 PM

Someday one cryptocurrency or another is going to be pretty much the standard for interplanetary trade.

Due to the limited speed of light, you'd need a block transaction time measured in hours to days.

Speed of light communication is so 20th century, we're onto quantum entanglement based transmissions these days, it's only in the lab yet, but demonstrated.

Show me a working production implementation?

aztecminer

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Quote from: MF Doom on November 25, 2014, 09:22:59 AM

but there was nothing like the internet then. There a lots of other payment processors/currencies/payment tools that work essentially just as good if not better than bitcoin in most situations. I just dont get how people compare adoption of the internet to adoption of bitcoin, its not a similar situation.

that's not really fully true. there where bbs's .. i remember using my dialup to call bbc sites. they were not connected to the internet.
u nse modem and call up bbs site and post, download files, stuff like that. there were a lot of warez bbc's.
back then there was internet but only for school teachers and was only unix based.
there was similar technology when internet was first starting. the technology was not nearly as good as it is today though of course.

Flashman

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Hodl!

Quote from: jbreher on November 25, 2014, 01:05:16 PM

Quote from: commandrix on November 25, 2014, 12:15:34 PM

Someday one cryptocurrency or another is going to be pretty much the standard for interplanetary trade.

Due to the limited speed of light, you'd need a block transaction time measured in hours to days.

Speed of light communication is so 20th century, we're onto quantum entanglement based transmissions these days, it's only in the lab yet, but demonstrated.

LiteCoinGuy

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In Satoshi I Trust

thats true. thanks for that Wink

yayayo

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Quote from: jbreher on November 25, 2014, 01:05:16 PM

Quote from: commandrix on November 25, 2014, 12:15:34 PM

Someday one cryptocurrency or another is going to be pretty much the standard for interplanetary trade.

Due to the limited speed of light, you'd need a block transaction time measured in hours to days.

Because of these speed limitations it's more likely that each planet has its own blockchain with interplanetary exchanges to convert between the different cryptos.

On topic: I agree we are at the very beginning of a possible adoption curve. However there is no guarantee Bitcoin will ever reach the breakout point. The more businesses adopt bitcoin, the more likely we'll get there due to powerful network effect. That's what we hope.

ya.ya.yo!

jbreher

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lose: unfind ... loose: untight

Quote from: commandrix on November 25, 2014, 12:15:34 PM

Someday one cryptocurrency or another is going to be pretty much the standard for interplanetary trade.

Due to the limited speed of light, you'd need a block transaction time measured in hours to days.

Topic: We are still early adopters - page 4. (Read 6341 times)