When would be the moment you consider BTC's future is assured?

erre

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Quote from: Amph on May 21, 2015, 10:18:04 AM

Quote from: salek11 on May 13, 2015, 03:55:35 AM

Right now, for example, I think that bitcoin value is growing much too fast to be sustainable. I don’t have any hard data to back that up, it’s just a gut feeling.

that was true up until the last big pump, now we are holding back a little, one can say that this is good for determine if bitcoin is established in this position or not

Quote from: erre on May 21, 2015, 10:03:08 AM

When the last block will be mined, but the net will remain alive and secure, I will say that bitcoin have achieved the final success.

it depend how bitcoin arrive there, if the price is still bad then the only thing that would be assured is its no-future

Future of bitcoin is unrelated with you getting rich. With a big volumes of instant fiat-btc-fiat transactions, bitcoin could be a great way to transfer money, and you will definetly not need much btc (so price could stay low) because transactions are instant.

Amph

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Quote from: salek11 on May 13, 2015, 03:55:35 AM

Right now, for example, I think that bitcoin value is growing much too fast to be sustainable. I don’t have any hard data to back that up, it’s just a gut feeling.

that was true up until the last big pump, now we are holding back a little, one can say that this is good for determine if bitcoin is established in this position or not

Quote from: erre on May 21, 2015, 10:03:08 AM

When the last block will be mined, but the net will remain alive and secure, I will say that bitcoin have achieved the final success.

it depend how bitcoin arrive there, if the price is still bad then the only thing that would be assured is its no-future

erre

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When the last block will be mined, but the net will remain alive and secure, I will say that bitcoin have achieved the final success.

coinpr0n

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Quote from: Q7 on May 13, 2015, 07:45:42 AM

Well I would say if one day after I completed shopping in the mall and I'm about to walk over to the counter to make the payment, customers would just take out their phone and then swipe and then they are off. I supposed if I see that, it means bitcoin is already globally and there shouldn't be any doubt about its future and acceptance.

Not to be confused with ApplePay or NFC payment options, I guess? The other day I saw for the first time one of these new "card readers", funnily enough they were using it at a second-hand store.

Q7

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Well I would say if one day after I completed shopping in the mall and I'm about to walk over to the counter to make the payment, customers would just take out their phone and then swipe and then they are off. I supposed if I see that, it means bitcoin is already globally and there shouldn't be any doubt about its future and acceptance.

Kakmakr

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When the waiter asks me, "Card, cash or Bitcoin?"
At this moment Bitcoin is a small online payment method, with only 150 000 merchants accepting it around the world. I would feel a lot better, when I see a "Bitcoin accepted here" sticker in every store and super market.
It would also help, if I could pay for gas with Bitcoin. ^grin

salek11

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Right now, for example, I think that bitcoin value is growing much too fast to be sustainable. I don’t have any hard data to back that up, it’s just a gut feeling.

Eastwind

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Quote from: coinpr0n on May 12, 2015, 06:40:39 AM

I'm leaning towards a certain type of legislation as the catalyst. Thinking along the lines of paying taxes with it. Goodbye fiat!

When its exchanges become regulated.

coinpr0n

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I'm leaning towards a certain type of legislation as the catalyst. Thinking along the lines of paying taxes with it. Goodbye fiat!

alani123

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When it starts having a greater presence outside of the USA... Bitcoin has great potential for worldwide transactions yet it's not known in mnay countries. How would it's future be secure if only a handfull of countries were using it extensively? I believe that a tronger presence worldwide would secure it from declining.

johnyj

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Quote from: SpanishSoldier on May 10, 2015, 09:48:39 AM

When Bitcoin will be accepted at OPEC.

This

Forget about supermarket, bitcoin does not bring you any good in buying a bottle of milk, just like you can not buy milk with stocks and options. Judging from the market today, bitcoin is mostly used for high value transactions. In future, it will be used for virtual product purchasing or international whole sale, and invested by pension fund, social security fund etc... The built-in design of supply decrease guaranteed a long term appreciation potential, thus make it a very good diversification in the portfolio of any institution

LiteCoinGuy

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In Satoshi I Trust

i think the year 2013 was that moment with all the talking about regulation and so on. i doubt that bitcoin will fail at this stage anymore. call me a bull Wink

Beliathon

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https://youtu.be/PZm8TTLR2NU

January 3rd, 2009

erikalui

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Quote from: ?? on ??

Quote from: erikalui on May 11, 2015, 06:09:45 AM

When it is accepted worldwide like USD, EURO, GBP....As of now, it's not legalized in my country and hence it has no future nor any reliability to exist more than 5 years. Also, it's price shouldn't fluctuate to an extent that it reaches $1200 in 1 year and $200 in the next year. It should be regulated by the Government.

No it shouldn't. You want government to track your transaction and tax you based on your blockchain history?

IMO its future will be assured when at least 10% of world's population starts using it daily.

Yes I want to be taxed unlike those who run away from taxes and have black money as they want to launder money. I don't gamble or own illegal goods to hide my income. I am still paying my taxes regularly.

franky1

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Quote from: Darude Sandstorm on May 10, 2015, 09:33:42 AM

I just want to be able to spend it so for me to be assured I would need to be able to walk down the high street or mall and be able to spend it in many shops. Doesn't have to be all of them but if they can accept credit cards which 99% seem to do then they can also accept bitcoin.

bitcoin has no arms and legs or mouth to sell itself.. its the bitcoin users IE YOU, that need to promote bitcoin.
have you talked to the shops in your town about bitcoin?

unless shops see that there is a demand/need to offer bitcoin, they wont bother. so start asking shops about bitcoin to try showing them there is a demand.

after all if the shops YOU visit don't even know YOU want them to have bitcoin payment options, its unlikely that they will offer it to YOU.

this is not a personal attack on anyone, just a hopeful realization to anyone reading this that you yourselves need to do the work, because bitcoin is just code.

Mountain Jew

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Quote from: shulio on May 10, 2015, 02:13:19 PM

Quote from: inBitweTrust on May 10, 2015, 09:52:29 AM

BTC's future is already assured as there are enough idealogues like myself that aren't going to give up on it. We will force it to adapt and grow if need be. Satoshi pointed us to the future and we are going to follow this project through.

Satoshi pointed us to an unsure future. He said himself that in few years ahead there will be alot of bitcoin transaction or it will be nothing by then. Satoshi means that he , himself is not sure about the future either because at the end, fiat will always win because goverment support it

It's far from assured as anything could happen, but I think bitcoin has likely far exceeded satoshis expectations. Bitcoin could end up becoming some sort of fad, though I hope it doesn't. Personally I want to be able to spend bitcoin all over the world on my travels and once that happens (if it does) I will consider bitcoin secured.

GingerAle

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The moment BTC's future is assured?

When I go to pay for my groceries at the supermarket and the verifone (or some other) payment terminal (with the credit card slot etc) has a bitcoin logo next to the visa / mastercard / amex / discover logo.

What would this mean? It would mean either that bitcoin is accepted as a currency or is being used as a remittance backbone - both of these would assure the future.

If anyone has the resources to hack one of these to work with bitcoin (probably using a chip card), this would advance cryptocurrencies the most IMO. If anyone has the VC backing to get a credit card company going offering credit using cryptocurrency as the remittance network, thats the way to go.

acquafredda

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Quote from: fryarminer on May 11, 2015, 02:03:46 AM

Quote from: inBitweTrust on May 10, 2015, 09:52:29 AM

BTC's future is already assured as there are enough idealogues like myself that aren't going to give up on it. We will force it to adapt and grow if need be. Satoshi pointed us to the future and we are going to follow this project through.

What he said. Bitcoin is here to stay. No way I'm selling my coins even at the price that the market is at right now, and I'm sure there's a lot of people who feel the same.

Yes.
I do value my coins way more than this very low price.
I believe in the project which is behind it. So far, there's nothing comparable to BTC in terms of money.
I'm using it more and more to buy stuff and I still feel it incredible.
I don't know about you guys but I feel so excited about it.

I'm only sad that I can't afford to mine them anymore: it was so good to feel I was "mining" BTC.

erikalui

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When it is accepted worldwide like USD, EURO, GBP....As of now, it's not legalized in my country and hence it has no future nor any reliability to exist more than 5 years. Also, it's price shouldn't fluctuate to an extent that it reaches $1200 in 1 year and $200 in the next year. It should be regulated by the Government.

Collymore

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I would like to say mainstream adoption but will bitcoin ever be fully assured? I think any good idea or tech is always under threat from advances in new tech and better ideas. Something better than bitcoin could come along eventually but hopefully btc could evolve and adapt to make those changes if necessary.

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