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Topic: What Keeps You in BTC for the Long Haul? - page 3. (Read 2747 times)

full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
March 14, 2013, 04:40:33 AM
#2
http://www.paypalsucks.com

^^ This is.

Specifically, we're moving towards a future where everything is "in the cloud". Supported by microtransactions. Also, increasing numbers of freelancers looking for work who want to be paid.

Couple that with a tech-savvy group of people with BTCs in their wallets rather than $, because they provably hold more value over the long run.
newbie
Activity: 36
Merit: 0
March 14, 2013, 04:34:56 AM
#1
The vast majority of the population never has any hope of mining BTC's.  They don't have the tech skills or the tech savvy.  And soon, most GPU miners will give up.  Currently, transaction fees are minimal.  So BTC generation is going to reside primarily in the hands of the wealthy 1% for a long while in the near future.  Fractional BTC generation won't be profitable unless the value of BTC rises significantly.  But with so few people generating the new BTCs, what's going to keep the rest of the population in the BTC game?  What's going to bring new BTC adopters into the game?  And once transaction fees replace mining, those will also be primarily accrued by those wealthy few who can run ASICs.  I'm having trouble seeing what's supposed to keep most folks in the BTC game for the long haul.




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