Bitcoin Forum

Hello,

I just find it funny that global changing technology after global changing technology, people continue to overestimate the next 2 years and underestimate the next 10. I wonder who will be kicking themselves for missing bitcoin?

I found this thread at reddit and I liked it tbh (Credits for theonevortex @ reddit.com/r/Bitcoin/)

Paypal is missing bitcoin.

https://www.braintreepayments.com/

Average Joe.

It will be a while before I sell BTC though paypal.  Just a lot of risk it seems as seller. Sadly paypal is always been buyer protection.

Sellers don't have near the protection.   The day I can sell BTC from paypal and not worry about chargebacks would be big. I think we are far from it though sadly.

Could be.


I wouldn't never sell BTC for PayPal under any circumstances.

And every payment processor is kind of a scam for me tbh, PP, Skrill, Payza, all this shit.

When people got to know Bitcoin well, they will laugh on themselves for how they were using these shitty payment processors.

Yup. Pretty much everyone despite it being easy enough to learn a few facts in a minute or two.

I don't know if Bitcoin is the end product, but I don't see how anyone could look at what it does and not think there's a future in there.

Not everyone one is like us, mand.

We are believers and hauling for the long-term and have a way far vision.

One of the main issues, even I face it, is buying BTC. Still BTC is difficult to buy in most countries.

It is a hurdle to teach what BTC is and it holds a value.   It really needs help to be more widespread.

I would love for someone to do a experiment.  Put a paper wallet of BTC worth 10 dollars and a 5 dollar USD bill on a table and let person take one.  I think were so early in BTC a lot would take the 5 dollar fiat money. 

I would love to see some numbers on that if I am right.  I just think a lot of people still don't understand BTC.  In 5-10 years its hard to say what it will be like, but I hope in that time all will pick the BTC worth more and know about BTC.  Guess time will tell.

I've been told something about Bitcoin from a reputable member and I've read on some online bitcoin magazine where they were interviewing some bitcoin related power-person

"BTC will be used like Linux is used for the internet".

What I want to say is, it's not a must that people understand BTC, to use it. All the Average Joe want is, cheap, nearly instant and easy payment system. Don't forget it can work as an asset as most of us do now by hodling it.

I like the idea of the experiment, +1. It could be done with some popular youtube people and I see it easy to be done where some good bitcoin exchanges like coinbase for example, sponsor the experiment.

In 5-10 years, bitcoin will be either a big thing or worth nothing, take a look at my signature, but I go with first.

Warren Buffett will miss Bitcoin.  ;D

He has openly criticised Bitcoin. When Bitcoin becomes a successful worldwide, he will be kicking himself for being so ignorant now.
http://www.cnbc.com/2014/03/14/buffett-blasts-bitcoin-as-mirage-stay-away.html

Buffet is in his 80's, just living each day is a gift to him..

did warren buffet invested in google or facebook?

He's always maintained he'd never invest in anything he didn't understand so that's a no. All of the tech stuff has passed him by.

America, will miss bitcoin.

Many banks will miss bitcoin.

All of the trolls & bears that have known about bitcoin for years, trolled & ridiculed it, missing the opportunity to invest in something you know a lot about then one day waking up to 100,000 USD bitcoins. I imagine there will be nooses getting tied & maybe used ;D

I'm gonna laugh so hard at all of the bears, trolls & anti bitcoin people on here if we do go to the moon.

definitely.It would make my life much easier

I did something a little bit like this years back, where I was trying to explain behaviour, risk, and group mentality.

I was in a bar with 6 friends, and I said "If you give me GBP 1, I'll give you GBP 5".  There were all kinds of comments, but generally along the lines of "that's not possible" or "why should I trust you".  After a minute or two the quietest and what I thought was the most risk averse person there, came forward and said "okay, I'll do that".  He gave me the pound and I reached in my wallet and gave him 5 pounds.  There was a pause as people let it sink in, then everyone else at the table wanted to hand me their pound.  I didn't accept them of course as it would have got expensive for me, and told them they'd missed their window, but I proved to myself the herd mentality.  Everyone wants risk free and exceptional gains at the same time.

If doing that with BTC and $5 it might take a bit more explaining as they wouldn't know what a BTC is, but the point I'm getting at is that once someone sees something working, they all want in like an avalanche.

When I first learned of BTC I jumped in immediately (where as even some smart people like A.Antonopolous dismissed it at the start).  I told everyone I knew about it, and how I planned to set up some mining machines.  I nearly hooked a couple of friends into doing the same but all of them backed out in the end.  They didn't want to do the work to understand it.  April last year one of them told me Bitcoin would be dead in a year, so I said I'll bet you a pint of beer on that.  He still hasn't bought the drink he owes me btw.

Edit:  Another case I just remembered was here in Thailand they use the Baht, and a European dude was paying his bar bill and offered either 1000 baht (about USD$25 at that time), or a Eur500 note, and told the staff to choose which one she preferred and could keep the change.  She chose the 1000 baht as it's all she understood (and the number looked bigger to her I presume).  It was a bold move on his part, but I laughed my ass off.

Look, this is pretty easy.

MS missed web > Google emerged
Google missed social > Facebook emerged
FB missed mobile > Whatsapp and Snapchat emerged
Mobile (Whatsapp/Snapchat) will miss Bitcoin > Apps such as Getgems (http://getgems.org/) will emerge

for a good reason. it's everything they don't like, especially the no control over the value is their biggest problem. they will create their own bitcoin like currency at some point.

That's reasonable. good point

This isn't proper adoption. Also, eBay may be one of the biggest idiots in the building missing Bitcoin right now. Imagine buying ANYTHING you want in paypal with BTC, without intermediary bullshit. Both as a buyer and merchant it would be a success. I guess those guys cant be helped and are destined to miss the boat.

no one will miss Bitcoin as a currency and financial medium, because Bitcoin does not need anyone else, it works already on its own and it is designed to do so.

The question is who will miss bitcoin/blockchain as a technology, and at the moment it seems like everyone is missing it. It is like web 2.0, you can build every kind of application on top of it. Communication industry is not considering it, the legal sector (smart contracts, etc) only started to consider bitcoin as a currency and it is far behind in considering it as technology, the financial sector is totally not getting it (they are speculating on it and incorporating bitcoin as if it were another stock to trade instead of just using it as a resource), the IT sector just started researching about it, and so on.
The blockchain could be the next paradigm in pretty much every sector, and every current big player in every field is ignoring it, thus missing it. From the new paradigm a new group of big companies will emerge and they will either bury the old ones, or they will relegate them as marginal competitors (like the ones who missed the revolutions mentioned by you and who now are just struggling to copy innovations made by others just to barely stay afloat)

Which kind of tell what kind of investor he really is. He only buy value company during distress time and not a visionary who invest into the future.

I think he'd be the first to admit that. It paid off pretty good too. Plenty of visionaries were left by the wayside. His remit has always been to keep plodding and accumulating.