Will we see a 'golden age' of Bitcoin startups in the near future?

Lethn

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Quote from: Baitty on July 12, 2014, 08:36:26 AM

Pretty sure existing and newly established businesses have already looked into accepting Bitcoin. many are probably jumping into it and earning quite a bit of profit just because they started accepting. Bitcoiners show their appreciation and buy some things from them (overstock etc).
Hopefully within a year or so there will be more new businesses accepting Bitcoin.

People have been scamming others for hundreds of years, this isn't something exclusive to Bitcoin and it's just as stupid as claiming that Bitcoin enabled terrorists and drug dealers, the only difference is everybody is noticing it more because it's a relatively small market right now.

LiteCoinGuy

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In Satoshi I Trust

Quote from: BGkockata on November 21, 2014, 06:00:55 PM

Quote from: LiteCoinGuy on July 11, 2014, 02:16:35 PM

golden age yes, but with alot scams Tongue

This is what i was gonna say!

like with the internet and the dotcom bubble Wink

BGkockata

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Quote from: LiteCoinGuy on July 11, 2014, 02:16:35 PM

golden age yes, but with alot scams Tongue

This is what i was gonna say!

The Chainmaker

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I think we will see a couple dozen big companies start in the next few years, and of those a few will go on to be enormous and the rest will fade away. It is really hard to predict right now just what will be the cool thing that Bitcoin does so much better.

igorsf

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10 to 20 years from now (end of 2014) bitcoin and dogecoin will be golden age.

STforLife

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Im sure we will see golden age, but cant predict when, there are many variables that cant be predicted.

LiteCoinGuy

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In Satoshi I Trust

Quote from: PolarPoint on July 11, 2014, 02:26:08 PM

There are many bitcoin startups in the past, but mostly in the gambling sector. Now we are going to see more serious ones, hopefully some will revolutionise the bitcoin ecosystem. We had the dotcom boom, this is the bitcoin boom.

i feel the same, but now WE are early in the game and not at the end...

Este Nuno

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amarha

Quote from: fdiini on July 12, 2014, 08:21:17 AM

Quote from: Este Nuno on July 11, 2014, 01:50:20 PM

I've followed Bitcoin for many years now and Bitcoin 'investments' in general have been wrought with scams and incompetence. Will it be different now?

Current framework and environment still favor scam. And scammers still can get away without consequences.

What if in this new generation people require real identities and real verification? If that's the case then any scams will be reported to the local authorities I would assume.

Baitty

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Currently held as collateral by monbux

Pretty sure existing and newly established businesses have already looked into accepting Bitcoin. many are probably jumping into it and earning quite a bit of profit just because they started accepting. Bitcoiners show their appreciation and buy some things from them (overstock etc).
Hopefully within a year or so there will be more new businesses accepting Bitcoin.

Light

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Circa 2010

Quote from: fdiini on July 12, 2014, 08:21:17 AM

Current framework and environment still favor scam. And scammers still can get away without consequences.

But that's how the system is built. By default its purpose is to provide irreversible transactions behind a layer of anonymity and obscurity. Unless you're planning on changing this, you're not going to change the current environment that enables scams to occur. The best you can do is educate people on how to store their coins properly rather than the current unsafe practices.

fdiini

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Quote from: Este Nuno on July 11, 2014, 01:50:20 PM

I've followed Bitcoin for many years now and Bitcoin 'investments' in general have been wrought with scams and incompetence. Will it be different now?

Current framework and environment still favor scam. And scammers still can get away without consequences.

Este Nuno

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amarha

Quote from: Lauda on July 12, 2014, 08:13:57 AM

Quote from: WillyBTC on July 11, 2014, 02:47:35 PM

Aren't we already there? Seeing so much VC capital flow these days....

No we certainly are not. This is just the beginning. Wink

What is interesting is the potential for regular people to get a piece of the action.

The public isn't allowed to invest in venture capital since you need to be an 'accredited investor'.

Lauda

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Terminated.

Quote from: WillyBTC on July 11, 2014, 02:47:35 PM

Aren't we already there? Seeing so much VC capital flow these days....

No we certainly are not. This is just the beginning. Wink

elebit

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Quote from: Este Nuno on July 11, 2014, 01:50:20 PM

So my question is if we're going to see some of that spill over into the Bitcoin world now that we have some infrastructure being developed that will hopefully enable the free flow of capital to those who deserve it.

Absolutely. The trajectory of Bitcoin startups is just as logarithmic as Bitcoin itself. And things have just got started. 2014 is the first year bit retailers have started using it. Now it's up to the Bitcoin users to make sure it pays off.

I do fear a bubble however. Many of the startups are me-too's, just like the IT bubble of the 90s where people did the most idiotic things and got VC money anyway. The question is which of the Bitcoin companies that are our Amazon and Google's?

Este Nuno

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amarha

Quote from: freedomno1 on July 11, 2014, 04:30:22 PM

Quote from: LiteCoinGuy on July 11, 2014, 02:16:35 PM

golden age yes, but with alot scams Tongue

Second or Third golden age with less scams than the first and second had XD

GLBSE Era ---> Mtgox Era??? --> Actual corporations era.

Woah, if the GLBSE era was a golden age then I think we have a different ideas of what constitutes a golden age. Tongue

But yeah, hopefully less scams this time around. Hopefully the community will be a little more diligent.

Bit_Happy

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A Great Time to Start Something!

Quote from: WillyBTC on July 11, 2014, 02:47:35 PM

Aren't we already there? Seeing so much VC capital flow these days....

The % increases from previous years are huge, but the overall numbers are still small compared to something like the original dot com boom.

wasserman99

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Quote from: jjc326 on July 11, 2014, 09:30:24 PM

It seems like we are possibly entering that golden age right now. We certainly are not at mass adoption yet but possibly the "smart money" is getting involved. Bitcoin just needs to watch out for some sort of huge blowup which would derail the whole thing, like a 51 attack or US somehow trying to ban BTC.

Smart money is definitely getting involved. We're certainly seeing the type of VC/angel investment activity that signifies it. It's still a very high risk time, so more conventional, institutional money is still waiting on the sidelines for more clear regulation, and possibly adoption.

jjc326

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It seems like we are possibly entering that golden age right now. We certainly are not at mass adoption yet but possibly the "smart money" is getting involved. Bitcoin just needs to watch out for some sort of huge blowup which would derail the whole thing, like a 51 attack or US somehow trying to ban BTC.

Sindelar1938

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Just look at the flow of VC $ into the ecosystem
Coindesk's state of bitcoin that they published a couple of days ago highlights this in some detail
Golden age definitely around the corner

Skele

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VocalPlatform.com

Of course ! but the answer to that question depends on what you consider as "golden age" :

From Bitcoin getting know worldwide and reaching 2k-3k each,

or becoming mainstream here and mars and paying an expensive Bitcoin about 1-3 million dollars each...

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