Winklevoss Twins Is At It Again | Bitcointalksearch.org

Cryptowatch.com

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Quote from: AtheistAKASaneBrain on March 24, 2015, 12:17:42 PM

Yeah, we aren't biologically wired to predict the future like that except a few elite, it's like Bill Gates talking about the internet back in the early 90's and people thinking he is insane.

Was it not some operator of telegraph lines who thought phones were a silly invention, nobody would need that!

AtheistAKASaneBrain

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Quote from: MF Doom on March 24, 2015, 10:47:08 AM

Quote from: SueGiant on March 20, 2015, 10:58:48 AM

Winklevoss Twins Says, In 10 Years Cash Will Be Obsolete

http://bitforum.info/t/winklevoss-twins-says-in-10-years-cash-will-be-obsolete/546

For me, its really hard to believe that bitcoin could replace cash, not because bitcoin cannot do it, but because bitcoin now is having a hard time breaking into the mainstream. I don't know what's their basis about they said.

Maybe if they said 25 years, maybe Ill believe them.

If someone told you 10 years ago that flip phones would be obsolete today, would you have believed them?

What if they told you 10 years ago that your personal privacy is becoming obsolete?

I dont necessarily agree with what the winklevi are saying, but its entirely within the relm of possiblity, given how fast tech moves these days.

Yeah, we aren't biologically wired to predict the future like that except a few elite, it's like Bill Gates talking about the internet back in the early 90's and people thinking he is insane.

MF Doom

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Quote from: SueGiant on March 20, 2015, 10:58:48 AM

Winklevoss Twins Says, In 10 Years Cash Will Be Obsolete

http://bitforum.info/t/winklevoss-twins-says-in-10-years-cash-will-be-obsolete/546

For me, its really hard to believe that bitcoin could replace cash, not because bitcoin cannot do it, but because bitcoin now is having a hard time breaking into the mainstream. I don't know what's their basis about they said.

Maybe if they said 25 years, maybe Ill believe them.

If someone told you 10 years ago that flip phones would be obsolete today, would you have believed them?

What if they told you 10 years ago that your personal privacy is becoming obsolete?

I dont necessarily agree with what the winklevi are saying, but its entirely within the relm of possiblity, given how fast tech moves these days.

redsn0w

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#Free market

Have you heard about the new "bitcoin martekplace" : https://bitcointalksearch.org/topic/nasdaq-to-provide-trading-technology-for-bitcoin-marketplace-1000698
Here more info : http://www.reddit.com/r/Bitcoin/comments/301sqy/nasdaq_to_provide_trading_technology_for_bitcoin/

I think it is related because it will be a huge success for all the bitcoiners and it will bring a lot of money in the bitcoin eco-system (so if you want to convert bitcoin for euros, wait... ).

Amph

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well i don't mind the fall of cash, as long as there is the fall of fiat with it Cheesy

bitcoin also can replace cash perfecty, since cash is used for anon and for evading taxes, many will use bitcoin instead of cash for this reason

HarmonLi

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Honest 80s business!

Quote from: SueGiant on March 20, 2015, 10:58:48 AM

Winklevoss Twins Says, In 10 Years Cash Will Be Obsolete

http://bitforum.info/t/winklevoss-twins-says-in-10-years-cash-will-be-obsolete/546

For me, its really hard to believe that bitcoin could replace cash, not because bitcoin cannot do it, but because bitcoin now is having a hard time breaking into the mainstream. I don't know what's their basis about they said.

Maybe if they said 25 years, maybe Ill believe them.

I think they're a bit too optimistic about that. Thing is... I believe in BTC, as well. I know they have to stand up for their commitment, sure, but replacing FIAT-cash... come on... that won't happen!

Snail2

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Cash, gold and gems never going to be obsolete. Those are the only truly anonymous and easy to use methods for money transfer

.

turvarya

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Technology is always hard to predict.
Look at PayPal. I just looked it up, they were founded 1998. Look at their success now.
Look at facebook. Even elderly people are using that. Founded in 2004.

10 years is just a huge timeframe, when you put it in this perspective.
I think, there just has to be the right event in the right moment and half the world would use Bitcoin on a daily basis 2 years later.
I have no idea what this event is, I don't think, it is this ETF from the Winlevos twins.

Still, I don't think, cash will become obsolete. Fax machines e.g. didn't become obsolete. We still have one in our company.

Fat Ronaldo

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Quote from: personEks on March 20, 2015, 05:46:20 PM

I'd say that there'd always be a form of currency like "cash in hand" that would facilitate face to face transactions that leave no record of the transaction save in the memories of the participants.

What about importing peoples private keys/addresses? Bitcoin could be traded on paper wallets or maybe a better and foolproof physical medium to hold bitcoins would be invented.

Cryptowatch.com

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Quote from: duckydonald on March 21, 2015, 07:48:42 AM

Teach teh kids at schools, and make bitcoin fun for them, create bitcoin arcade stores, things like this will help bitcoin

also how come now contributor in the community taught how to put bitcoin in games such as just-dice? Why is no one teaching devs?

If you google a little bit, you'll find plenty of projects aiming to teach devs.

duckydonald

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Pre-sale - March 18

Teach teh kids at schools, and make bitcoin fun for them, create bitcoin arcade stores, things like this will help bitcoin

also how come now contributor in the community taught how to put bitcoin in games such as just-dice? Why is no one teaching devs?

12345mm

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Quote from: calme on March 20, 2015, 10:12:18 PM

Most people are just struggling to make it through the day or week, never mind an armageddon. An armageddon would be an escape for them.

yeah yknow i personally am on the fence whether i'd like to experience such a thing in my lifetime ... on the one hand , likely reset of equality for mankind what with a presumed death of 99%+ of the population / destruction of all electronic finance systems ... so ... good ... kindof ... in terms of general equality in that we'd all be back to living in the 4th world hunter gatherer land ... assuming i'd survive of course ... plus i like hiking ... on the other hand i like my house i own , and my hybrid , and my iphone , even if i'm not a millionaire/billionaire ... status quo for most is probably preferable to total societal breakdown ... though it would be exciting ... that's for sure ...

calme

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Most people are just struggling to make it through the day or week, never mind an armageddon. An armageddon would be an escape for them.

12345mm

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Quote from: Cryddit on March 20, 2015, 03:32:08 PM

I have an "if everything goes to hell" bag. It contains some basics - MRE's, water filtration stuff, fishing hooks and line, matches (in waterproof container), candles, fish net, some protective clothing, field guide to edible/poisonous plants and wilderness survival (printed on paper, in waterproof bag), first aid including snakebite kit, crowbar for clearing rubble/breaking out of rubble, toolkit, replacement bits for things likely to be damaged by certain kinds of disasters or disabled by people's mistaken responses to disasters, radio, hand-crank recharger .... and, oh yeah, some cash.

I hope to spend the remainder of my life without needing to grab that bag in a real emergency, but ... well, it would be kind of dumb not to have one.

gotta have an armageddon bag

i'd suggest some physical silver and gold as barter items in addition to the physical fiat (in case of global economic collapse fiat may be worthless) ... silver is super cheap today vs gold and in a post apocalyptic world shiny coin/bar to barter vs shiny coin/bar to barter i'm guessing silver will do just fine for such a circumstance ... also ... gun beats knife ...

Cryptowatch.com

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Quote from: Velkro on March 20, 2015, 08:11:19 PM

Im tired of this twins, they talk much but didn't do much actually.
Anyways, more news its probably good thing for bitcoin itself :|

Well, they do at least have this site:
http://winkdex.com/

And they're working on this:

Why The Winklevoss Twins' New Bitcoin ETF Matters

The Winklevoss Bitcoin Trust, currently moving towards regulatory approval, could be approved by the end of 2014 and will be a Bitcoin exchange-traded fund (ETF), with each share representing an amount of bitcoin held by the Trust. Currently, such an investment vehicle is only available to wealthy investors, through funds like the Bitcoin Investment Trust. The Winklevoss ETF will allow people with a brokerage account to invest in Bitcoin without having to worry about the challenges of buying, storing, and safekeeping bitcoin.

So, at least to me it seems like they're doing something..

Q7

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Revolution? That sounds progressively but I would look at it at different way. I expect cash to be still around at that time but people would be less exchanging all the paper currency. I think online transaction would be taking over everything, bitcoin will be there as well and used more often and that's it. But I don't think cash will be totally dead by then.

kelsey

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Quote from: Velkro on March 20, 2015, 08:11:19 PM

Im tired of this twins, they talk much but didn't do much actually.
Anyways, more news its probably good thing for bitcoin itself :|

despite not being a fan, they'll do alot in bringing btc to wallstreet investor types, just the wheel turns slow with red tap etc hardly their fault though, and much of the btc make a quick buck community is impatient.

Velkro

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Im tired of this twins, they talk much but didn't do much actually.
Anyways, more news its probably good thing for bitcoin itself :|

kelsey

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Quote from: SueGiant on March 20, 2015, 10:58:48 AM

For me, its really hard to believe that bitcoin could replace cash, not because bitcoin cannot do it, but because bitcoin now is having a hard time breaking into the mainstream.

I find it impossible to believe bitcoin would ever replace cash, yes some form of electric money will, but bitcoin, well even most this forums users don't actually use bitcoin.

Lets be honest most bitcoiners are in it to make more cash.

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Quote from: noobtrader on March 20, 2015, 06:50:42 PM

soon there will be bitcoin satellite, im sure that hardware wallet will soon have ability to connect with it just like a gps and give us 24/7 coverage to do bussiness with btc even without internet or eletricity

Yes, it is great news, but from what I could see it was very costly, so those going for it, is not in short of money..

Here's some interesting cash facts:

-- http://www.fleur-de-coin.com/trivials/united-states-3

A couple facts that were rather amusing:

Quote

Virgin Atlantic Airways discovered that it takes in an average of 18 cents per passenger per flight in loose change found in the plane's seats. If that figure holds for the approximate 320 million people who fly from one country to another worldwide each year, the total is about $58 million. Lost coins on domestic flights don't amount to much, however. Chicago O'Hare cleaning crews said they found only about 6 cents per flight. It is suggested that more travelers to other countries "accidentally" leave foreign coins behind to avoid dealing with them once they get home

Quote

A study of American coins and currency revealed the presence of bacteria, including staphylococcus, E. coli, and klebsiella, on 18 percent of the coins and 7 percent of the bills

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