A private club going nowhere fast..
I don't think that Nakamoto ever expected the entire adoption process to take place within 5-10 years!
I don't even think that it will become mainstream until the newborns of 2008 became adults.
It will need to be instilled within the mindsets of the masses which require widespread education.
Today bitcoin is only now escaping the fringes of society.
I too am upset that I never bought a $5 bitcoin when I first heard about it or that I missed the boat when faucets were giving away 1 bitcoin per claim.
When faucet owners were giving away 0.001 BTC ($0.02) in 2013 saw that it went from $20 to $1,200 within 1 year, they realized the potential monetary value of this currency.
There is no way in hell anyone would be crazy enough to give away that much bitcoin via faucets again!
That is 0.001 BTC...a possible $1.20 per claim.
Regardless of whether the price goes up or down, people are going to see the highest possible value that they can conceive.
If a faucet is giving away $0.02 today per claim, then it doesn't matter if bitcoins current value is $280.
The highest possible value for the coin remains $1,200 and it is appropriate to give away 0.0000165 per claim.
Just one point, I'll quote: It will need to be instilled within the mindsets of the masses which require widespread education.
Wrong, BTC require's WIDESPREAD DISTRIBUTION, not education, not hoarder's, people read more of scammers and bad press than they can find btc, just my opinion
- Keep in mind, satoshi is not btc, but a lower denomination of btc.. The majority have heard of btc.. less have heard of satoshi.. the world dont want satoshi, they want btc
Regardless of what it has become.. and the majority of the world will look at them drip site's and run away.. just trying to show why bitcoin will keep going down in price.. it has no value in the real world. Most uneducated see a bitcoin as equal to a pound or dollar, then they learn the truth, and bolt..