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Topic: Why bitcoin can't survive as it is - page 2. (Read 2447 times)

legendary
Activity: 1050
Merit: 1002
April 20, 2013, 12:26:39 PM
#7
What's the deal with all these Jr members who have registered a few weeks ago coming here to tell us why Bitcoin doesn't work or what Bitcoin needs to do? Huh

Growing pains. Expect a lot more.
sr. member
Activity: 462
Merit: 250
April 20, 2013, 12:25:18 PM
#6
What will change is the price will go way, way up.  People who got into bitcoin early will be noveau riche and will look to trade bitcoin for things they value, land, cars, food, whatever.  That is how bitcoins will change hands.
member
Activity: 112
Merit: 10
Admin at blockbet.net
April 20, 2013, 12:21:46 PM
#5
What's the deal with all these Jr members who have registered a few weeks ago coming here to tell us why Bitcoin doesn't work or what Bitcoin needs to do? Huh
legendary
Activity: 2324
Merit: 1125
April 20, 2013, 11:57:39 AM
#4
I think you are wrong, but go ahead and give your deflationary fork a go. I'll stick with Bitcoin.
full member
Activity: 177
Merit: 100
April 20, 2013, 11:56:31 AM
#3
go educate yourself  Shocked
sr. member
Activity: 266
Merit: 250
April 20, 2013, 11:54:41 AM
#2
Hmmzz, why are you even posting on this forum then?
Sell and go home!
hero member
Activity: 770
Merit: 504
April 20, 2013, 11:53:07 AM
#1
As most people in this forum I have great hopes for cryptocurrencies. However I just cannot see how bitcoin can achieve mainstream adaptation, because:

Broad adaptation would require >50 million users and market cap>20 billion usd
It must happen over a period of 2-3 years
But practically all bitcoins for that period are already produced and posessed
Some magic kind of distribution must take place - that wont happen!

Bitcoins will remain a sandbox for speculators and kids unless something is done.

One solution is proposed here: https://bitcointalksearch.org/topic/i-will-create-a-forked-bitcoin-chain-181488
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