We are still early adopters - page 5.

TaunSew

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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

commandrix

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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.

inca

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Bears out in force today. Patience is a virtue.

Hippie Tech

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All cryptos are FIAT digital currency. Do not use.

Bitcoin is crypto fiat. Because of that, it will never achieve mass adoption unless it is forced upon us.

6 billion people have been feeding on table scraps for centuries. There is no way they are just going to bend over and allow karples, and his caravan of scammer fatass crypto private bank insiders, the opportunity to continue on with their gross injustices.

Elwar

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Viva Ut Vivas

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

Quote

"We set up a telephone connection between us and the guys at SRI ...", Kleinrock ... said in an interview: "We typed the L and we asked on the phone,

"Do you see the L?"
"Yes, we see the L," came the response.
We typed the O, and we asked, "Do you see the O."
"Yes, we see the O."
Then we typed the G, and the system crashed ...

Yet a revolution had begun"

1969

Flashman

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Hodl!

Perspective, even if all the bitcoin users were in the US, 2 million strong, then it would only be 1% still...

Adoption curves of various technologies....

Perspectives on tech adoption in general...

http://www.slideshare.net/louadi/07-technology-adoption-life-cycle-2014

We are not even at the crook in the "S" curve yet, for most things it seems to require a critical mass of 2 or 3 percent to hit that steep climb. Look at the difference in gradients between the first part of the S and the middle, if how we've expanded and price has risen looks "scary" and unsustainable so far, you ain't seen nothing yet.....

kokojie

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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

Quote from: BigBertie on November 25, 2014, 07:02:51 AM

Still very early adoption stage

Once Bitcoin is integrated to the masses through social media we will have growth

December, 1995 - internet users

16 millions

0.4 % of world population


December, 1996

36 millions

0.9 %


December, 1997

70 millions

1.7 %


December, 1998

147 millions

3.6 %


December, 1999

248 millions

4.1 %


March, 2000

304 millions

5.0 %

July, 2000

359 millions

5.9 %


March, 2001

458 millions

7.6 %


April, 2002

558 millions

8.6 %


March, 2003

608 millions

9.7 %


Dec, 2009

1,802 millions

26.6 %


Mar, 2014 (est.)

2,937 millions

40.9 %

Elwar

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Viva Ut Vivas

People will stop using the Internet. It's going to zero.

TaunSew

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The original post is deceiving as we're not at 15 million. Bitcoin is only 500K - 2M users. Jeffrey Robinson on the other hand claims it's as low as 250K users.

As for comparing this technology with payment processors, you obviously have no idea what the payment processors are (middle men between you and the merchant - hence processing of the payment to the merchant - payment processor). If digital currencies become big enough then the payment processors will integrate them, including PayPal and Stripe.

Last point but Bitcoin has so many PR and image problems. Bitcoin is now on television and newspapers a bit (especially if you read the financial sections) so you can't pretend nobody has heard about it. There's been sample polls indicating that 40% to a majority of adults have heard of Bitcoin but people aren't coming in because all they've heard are scams and thefts.

MF Doom

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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.

arbitrage001

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Quote from: BigBertie on November 25, 2014, 07:25:40 AM

Quote from: Buffer Overflow on November 25, 2014, 07:24:05 AM

What are you talking about?

we are still early adopters in terms of percentage of users.

Price is up where it expects world wide adaptation and usage.

Buy at your own risk.

AtheistAKASaneBrain

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So how many verys would you use for these that own thousands of Bitcoin effortlessly due mining and buying in the cents to 1$ period? these are the very very early adopters to me.

OhMyCoin

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Long live Bitcoin.

Quote from: cassimares on November 25, 2014, 08:42:21 AM

Quote from: chennan on November 25, 2014, 08:39:01 AM

So when price is down at this level, we should buy little by little and accumulate as much as we can afford to loss.

Too late, its already at close to 400$. It was 350$ few days back.

This already happened a week and a half ago. BTC price rose up to $450 and then fell back to $350. We'll see how things will be by the end of this week though.

cassimares

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Quote from: chennan on November 25, 2014, 08:39:01 AM

So when price is down at this level, we should buy little by little and accumulate as much as we can afford to loss.

Too late, its already at close to 400$. It was 350$ few days back.

chennan

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So when price is down at this level, we should buy little by little and accumulate as much as we can afford to loss.

1Referee

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You already assume the same will happen with Bitcoin....

Time will tell, but for sure there is a lot more to come

Soros Shorts

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Quote from: Buffer Overflow on November 25, 2014, 07:24:05 AM

What are you talking about?

Not sure, exactly. Maybe some kind of chart with growth/penetration of Bitcoin superimposed on growth/penetration of internet would make things a little clearer?

Flashman

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Hodl!

Truth

BigBertie

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Quote from: Buffer Overflow on November 25, 2014, 07:24:05 AM

What are you talking about?

we are still early adopters in terms of percentage of users.

Buffer Overflow

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What are you talking about?

Topic: We are still early adopters - page 5. (Read 6341 times)