Bitcoin Forum

The source of the statement is from this article http://www.newsbtc.com/2016/11/20/circle-ceo-nobody-will-using-bitcoin-5-10-years/

So I ask this. As the growth of the darknet market place every year keeps going higher and higher, the possibility of it becoming a multi billion market place is not too far to reach. What currency will it use if not Bitcoin?

Does the CEO of Circle knows what he is talking about at all? Most of the so called "experts" in the Bitcoin and blockchain world do not know what they are talking about because it is all still new.

For me the people to listen to about blockchains are Peter Todd, Gregory Maxwell, Adam Back, Luke-Jr and there might be some names I have forgotten so please post them in here.

No, because noone knows that. This is his thesis, but he is noone. Company that exchanging money <--> bitcoin, whats special is about that?
His business is nothing, he lacks of advertisement, so he using this cheap tricks to get free ads.

Thats my thesis :D

This was earlier posted and discussed in our one of social media groups and for me it's just a FUD. There was already a numerous times when those experts claimed that bitcoin will be doomed nor can't be widely used worldwide.

"Our view is that we’re still in the really early stages of the technology and its development. It’s highly unlikely that any of us will be using Bitcoin in five or ten years"

- development means continous and no one can predict accurately what will be the exact output to happen

“It’s useful if you’re a gambler, tax evader… All these things, but if you actually want to do something that increases utility value for consumers [and] businesses [and is] sort of focused on increasing the productivity and efficiency of how the economic system works, that’s a different design center than how to basically avoid taxes and government oversight”

- If bitcoin will become more developed as years passes by, there will be so called regulations that will implement. And besides bitcoin doesn't  have tax directly but legit local exchanges does have so it's like paying tax on a different view.

People were saying Bitcoin was a fad and wouldn't last since the beginning. Here we are 8-9 years later and more people using Bitcoin than ever.

He has valid points--as much as I'm a fan of bitcoin, I'm not going to disagree with him about mass adoption.  The average Joe on the street isn't going to want to go out of his way to buy another currency just to spend it.  That's ludicrous. 

He is wrong about people still using it in 5-10 years.  People most definitely will be, but it'll be the dark marketeers and scammers and computer geekoids.  I think the comparison to Netscape Navigator is a little unfair. 

i don't know why someone who is earning money from the existence of bitcoin would even say that? maybe another news click-bait.

nonetheless if anything more people are going to be using bitcoin in 5 to 10 years. and users that are using bitcoin now and future users will continue coming back to bitcoin as long as it stays the same bitcoin as it is today: meaning i can send bitcoin with reasonable fees, get confirmation withing reasonable time, and have reasonable level of anonymity.

I know right, how dare someone speak the Truth.  :D


Show of Hands , which of you is still using Netscape Navigator 3.0 running on Windows 95 OS
What ??  No One??

Why is that ,
Oh , Because the newer stuff works better,  :)
every other crypto is Newer,  Faster , Higher Transactions , & Might not be controlled by China?    ;)

The Guy is smart and not afraid if BTC crashes , because he knows he just move to another newer better crypto.

Quite Refreshing to see.  :D

 8)

I think he want to get cheap publicity with the words against bitcoin. He is earning with his platform circle which will not exist if bitcoin doesn't exist in future, so there is no any reason for him other than to grab publicity by saying this.

However who cares whatever he says? Better to look at what core dev talk about rather than all this businessman who try to create fud against bitcoin.

True, but the average Joe on the street isn't spending money on stocks either.


This is my main concern - why is he literally fudding the business he thrives off of?  Especially without any indication as to WHY....or what would / if there will be a replacement.  Makes no sense.  Thanks, circle...way to show your customers how much you care  ::)

good point mate as long as everything still intact with the advance offer of bitcoin are still there i think all of us will still using it and more and more of our friends and relative that we introduce the system will also follow our leads everything is possible but i'm hoping for the best of my investment.

Oh look, another bitcoin is going to die opinion... Better add that to this list:
https://99bitcoins.com/obituary-stats/

That just isn't true!  I'm an average joe and I buy stocks.  A lot of people are passively buying stocks via 401Ks in addition to all the direct purchases.

I'm sorry - my mistake.  I mean more of the 'investing' that takes place with btc -> altcoins.........if that market could be compared to standing on the floor of wall street waving a bunch of tickets around (or day trading from home with E*TRADE or similar sites).

Sure, 401K is similar - but that is definitely more long-term than the average investment one would put in to a bitcoin investment.

(if that clarifies anything - did not mean to insult the Joes of the world!)

Submitted!

Almost forgot about that site.  Surprised there weren't more updates since the 3rd...hope admin is still around to check this :)  posted as OBAVi**** by the way (ya'll who should know should know :P)

What makes you think that. Day by day it's getting popularity and day by day more and more  people are engaging and investing in bitcoin so there is no such possibility like "No one will be using bitcoin in 5 to 10 years.

I hope it isn't being used and we're off-chain by then.

Actually OP is not thinking like this, he just like to discuss on the view of Circle CEO Jeremy Allaire, look at the source link.

However this doesn't seem to have any effect on bitcoin market as he is not the one who have big influence on bitcoin. He is just a normal greedy businessman who like to create panic on market and buy more for himself.  ;D

Circle built their userbase on Bitcoin, and then they changed their business model to bend over to KYC/AML regulations. This is like Daniel spitting in the face of Mr. Miyagi {Karate Kid I} after he trained him. Bitcoin was the mentor and Circle cut their teeth on this technology, to find a foot hold in the community.

Circle has already shown their colors, and they will not change. < Money chasers >

I have a theory, I think he is trying to launch another Altcoin to compete with Bitcoin (Another anonymous coin), and he needs market attention. Most of these guys will be jealous of project like Zcash with 10% of the tokens going to developers, he needs is own payday

Jeremy Allaire seems to be be a weird guy.Sometimes he maes absolutely strange comments.
And if I'm not wrong right now Circle uses Bitcoin as a backbone protocol for their business model.
However maybe they will drift away from Bitcoin more and more and use some other blockchain, who knows.
My personal opinion is that we still will use Bitcoin in 5-10 years.And if it's just as an investment vehicle or hedge.Bitcoin will have it's place and markets.

i guess your eluding to the hyperledger blockchain that all the names you mentioned are programming.

the problem with that is that hyperledger is FIAT
so companies like circle if they drop bitcoin.. will just be a bank holding fiat. making them a forex company swapping america's fiat for lets say india's fiat. rather than an open currency without borders.

the problem is that there would be no need for that because the hyperledger itself can do those fiat swaps directly. thus not needing circle.

is it just me or does Circle CEO Jeremy Allaire  sound like someone who doesn't know what bitcoin is!

I mean we all know that we can't really say anything about future of bitcoin in 5 to 10 years and it is possible that we won't see bitcoin then but it definitely is not "highly unlikely" as he puts it. and actually I say there is a bigger chance that we see bitcoin even bigger in 5-10 years.

besides what are all that crap about being a gambler or tax evader! does he really think that is the only usage of bitcoin? how about trading which has been like 80% of the usage? what about all of us who use bitcoin instead of other payment methods for transferring money online to pay for stuff or send money to someone else, and so many other things!

Jeremy Allaire is full of shit for the reasons elucidated here: http://moriartybitcoin.com/?p=87

how is this guy the CEO of a bitcoin tech company?  From his ludicrous comments, he's barely qualified to be CEO of Dunkin Donuts

well that is his prediction, so be it. Why are some people going ga-ga over a CEO's opinion, probably because of the Hollywood culture pushed down our throats where we have to respect and listen to anything someone "famous" or in a high-position says. I do not disagree or agree with his statement as I cannot predict what will happen in 5 years. But, I  am not scared, if BTC dies something else will come.

that is exactly my thought :D
i would have expected this from some random guy on the forum or even some crappy news site that wants to attract some clicks but when you own a business like circle you should have the least understanding of bitcoin, this guy sounds like a newbie or maybe he is trying some FUD technique? !

Does this ring a bell?

Any CEO can say anything. They don't have the crystal ball. They know their business now. And tomorrow.. they'll adapt or not.
And what big company is Circle?

Maybe trying to get easy advertising, maybe not, but his statement means absolutely nothing.

Maybe he has also a basis to say it to back up his claims or he is only speculating to pull down the bitcoin price?Whatever his motive, the community do not want bitcoin to fail. If ever they can impove the way bitcoin is transacted or rename it to another name, we do not know. As long as of now, bitcoin is valued as $19 billions in marketcapitalization? Too big to fail.

It s quite possible BTC gets replaced by something more modern and innovative. Still, I think cryptocurrencies, as a concept, will continue growing and developing.

Indeed he is not qualified to be the CEO of a bitcoin tech company and he just insulted the bitcoin community by labeling us gamblers and tax evaders! So then he knowingly floated a company and profiting from tax evaders, is that? Only numskulls get to bite the fingers that feeds them, so he has made his stand clear and those patronizing his site should know they are dealing with a traitor who would rather bitcoin is regulated.

I am however impressed with the comments on the very post, wish he gets to read them to understand that the revolution has already started and the world indeed can do without the best man.

      I can't understand the example and the comparison of btc with netscape navigator. Someone, must reminds him that Microsoft had bought netscape and after that we have the development of Firefox. So if this comparison was not a bad joke, I think that Circle's CEO must serves another personal purposes. Wait to see.

Most probably this. It's not worth us even giving this guy the air time, he's craving attention here. Nothing to see, let's all move on  >:(

Sure of course everything is possible.
Also that Bitcoin will be the dominant transaction protocol of the future.
But Allaire is saying that Bitcoin won't be used in 5-10 years with such confidence, that I really ask myself what the hell is going on in his head?!
To me this spreading uncertainty and fear inside the Bitcoin community.And there must be a certain reason or some hidden agenda going for saying something like that!

wasn't this guy involved with the birth of netscape? in that case maybe he knows a thing or two about being left behind. however, netscape was just another search engine. they can be replaced with a click.

something like bitcoin is the entire deal. and it's nothing something people can jump away from without losing what they put in. the incentive is there to keep making it better rather than replace it.

and i think bitcoin's direct usage on dark markets days are numbered. analysis is getting better and better all the time.

That's impossible for 5-10 years its too early bro and time to time bitcoin users get multiplied every year so there's no reason why no body will use bitcoin with that year and no alts will replace bitcoin. Its only their opinion and specially to  get more attention. Lol.

Bitcoin will be it, no matter whichever comes up because many came before, but none was able to compete bitcoins because bitcoins are the best and it is only the most modern and innovative thing that is currently very new to many people, and will take even more time to get completely developed. Anyone saying anything has nothing to do with the prestige of bitcoins, because it's been there since many years, and have many more years to come.

 :D :D :D
http://static.fjcdn.com/pictures/Rofl_6738d5_1054861.jpg


 8)

I don't agree at all with that guy. If people sticks to using crypto-currencies, they will stick to Bitcoin.

Hmm,

So you keep using a coin that takes hour to confirm, no updates because the Chinese won't allow it, and cost you more to send it than every other crypto.

Do you think you and the 3 other guys that like wasting time and money can support the entire BTC network?   :P

I am already using other cryptos,
1  For the Faster Speed
2  No Transactions problems
3. It is Cheaper

 8)

1 Faster speed -  means a decrease in security. Faster block = More confirms required.
2 Transactions problems - don't exist likely because no one uses those cryptos.
3 Cheaper - is worthless when transferring or transacting an actual value amount.

China controls BTC & LTC
you're trusting China with BTC security,
Why don't you trust China with LTC Security?

LTC 2.5 minute Blocks : 6 Full Confirmations take ~15 minutes
BTC 10 minutes Blocks: 3 Full Confirmations take ~30 minutes , if the transaction issues don't extend it to hours or days.
China could overwrite the last 10 hours of BTC whenever they feel like, so you are trusting China not too, no matter what you say.

I could say LTC does not have transactions problems because it has 4X the transaction capacity of BTC.

Only the Stupid waste money for no reason,
LTC is just as secure and can transmit value better than BTC.

 8)


FYI:
You guys want to create a false religion out of BTC, then fix it.
Opps , Nevermind the Chinese won't let you.  :P

The Chinese mining community can and do control all different type of crypto currencies.
They can because they can do it cheaper than anyone else.

The Chinese miners don't know which way it up, they just want da money.
You could sell them anything and they will eat it up and smile.

Power doesn't last forever.

Like I said , You are trusting the Chinese with BTC,
why the apprehension about trusting them with LTC, makes no sense.

LOL,
Chinese are blocking all updates, that could threaten their power.
In BTC case , China won the BTC race and the game is over forever.
Easier to start an entirely new crypto, than waste time fighting them in a war they already won.

 8)

LTC is a clone that is less secure than BTC currently.

What updates would threaten their power?
The current updates would ensure and secure their positions even more.

The game can't be over forever.
If China falls into revolution or economic collapse, their mining community could disappear.
You are assuming the Chinese government will continue to allow their wealth to go into Western hands.
One day, the Chinese elites will have moved all their assets out, and then the game changes.
Power can not last forever.

LTC is just as secure as BTC, since China controls both.

The Blocksize updates (XT / Unlimited), they refused because their internet infrastructure can't handle the increased size.
Meaning they would lose their 51% control.

LOL, if China falls in revolution , we might be looking at a world war, BTC will be the least of my concerns then.
When you watch a race and someone wins, do they keep backing up and rerunning the same race.
No they don't , a new race starts, with different runners.
Crypto will have different runners in the next race , where China has not already won,
there is literally no other way to defeat their dominance in a race they already won.

Power can easily last for a century , so for most it will be forever.
 8)

As long as there's demand for bitcoin, it's going to stay there (bitcoin). And we've seen that ever since the introduction of bitcoin it's demand has grown exponentially. People might have thought the same as that CEO when bitcoin was invented or came into existence very first but it's still here and the number of people embracing this awesome digital currency is increasing incredibly daily so whatever that CEO says shouldn't be given much importance.

Isn't circle the company that has brought the bitcoin into iMessage app? Making bitcoin payments through iMessages?
Maybe he is right but since I don't know any dark websites, don't know how much is bitcoin popular there but I don't agree with him.

Circle is just trying to market their shitty and surveillance ridden service. I predict that within 10 years almost all centralized private blockchain experiments will have gone down the drain with loads of bank's money wasted for nothing - except unsuccessful defense against cognitive dissonance. In 5-10 years more people than ever before will use Bitcoin. Bitcoin's usability will have been greatly improved by then and people will realize the necessity of holding a sound decentralized currency as fiat inflation and arbitrary capital controls by governments lead to mass expropriation.

Even today Bitcoin demand is soaring. But that's nothing compared to what will happen when the fiat debt bubble is bursting. It will be a stampede towards precious metals and Bitcoin...


I agree. These guys are really competent individuals, who have done great development work for Bitcoin progress.

ya.ya.yo!

The mere fact that bitcoin has lasted until 2016 and is worth about $750 per bitcoin leads me to believe that it has a future. It at least has a chance to succeed as long as businesses and investors continue to use it.

Is Circle really making money from their business model as middle man? I could see Circle going down in 5 - 10 years and not Bitcoin. I believe that most of the Bitcoin companies that have been funded by the Venture Capitalists are not making money. The only businesses that I think are making money are found in the dark market.

It is surprising that CEO of big Bitcoin powered company said something like that. I think he got some things wrong.

He compared Bitcoin to software and said that no one use Netscape navigator today and bitcoin will be replaced in the future by something better.

It would mean that another competitor will show up and every bitcoin users will dump BTC and join hype train of new coin. Yeah right.

Allaire is also disappointed with the current cryptocurrency regulations and lack of acceptance - well, what he expected? Whole world acceptance over night?

One thing he got right - Zcash and other anonymous alts are a dead end of cryptocurrency.

Or he has finally accepted that Bitcoin is not made for the mainstream. At least not made the way we think how it should be. Bitcoin's main use is more for circumventing the law. So its use in the dark market is the perfect real world utility for it. Maybe the Circle CEO has realized that it would be more profitable to set up a dark market website than being a Bitcoin middle man.


Zcash is a scam. It is nothing but a Bitcoin clone with a built in tumbler.

The opinion of one man hardly matters. This is a free world and you can say what you want and predict whatever you wish. Although we are not sure what happens in the coming years, it is looking like bitcoin is going to be around longer than 10 years. The development is slowly coming along and more people are jumping on the bitcoin bandwagon.

Well and there is statement from Jessi Baker the founder of provenance, and i think it is bad news about bitcoin usage too and i have made thread on here https://bitcointalk.org/index.php?topic=1687907.msg16942497#msg16942497
I hope give us more knowledge about bitcoin and other cryptos coins, thanks.

This is probably on of the most important points which we should always try to keep in mind.
All that started as some very tiny nerdy experiment.
And look how far we've come so far!!
In almost 8 years we created a ~ $12billion transaction protocol which the media, niche and mainstram had been reporting about constantly over the last 4 years.
Who knows what the future will bring us? Bitcoin just as a digital vault and store of value could be worth several thousand if ten thousands per coin!!!
This is enough for me to stay positive and keeps me believe that Bitcoin will definitely have a place in one or many old and maybe new markets we may not think about right now.

I never take these people serious. Not even when they are being overly confident that the price will reach a certain level in 2017-2020 or whatever other unrealistic scenario. I am quite sure that the store of value aspect, and the fact that you can store money effortlessly outside the reach of banks and governments, will be the main reasons people will actually make use of Bitcoin (investment/trading purposes aside). I would gladly put his statement in his face again once we are 10 years away from now and Bitcoin has experienced an immense growth.

Hmm,

It looks like someone is stress testing Bitcrap transactions limit.

Over 33795 Unconfirmed Transactions in the Bitcrap Queue,
https://blockchain.info/unconfirmed-transactions

Guy reporting over 16 hours without any confirmations and he pay a fee.

BTC won't last til the end of the year , if this continues much less 5 years.  :P

This may trigger a BTC dump, so watch the markets and be ready, don't get caught losing half its value in a day.  :P

 8)

The best is to stay in the moment present and stay away from the turbulence from story or websites any without real value. Today the price is strong and a big community believe in this technology, in 5 to 10 years will what is going to happen.

I agree with you about the last statement ;)

There's nothing wrong with an alternative view and such sweeping statements can be taken grossly out of context.

He may be speaking strictly from an economic point of view in which case he may be closer to home than we would comfortably believe.

Also, he singled out bitcoin and not crypto or blockchain.

People can think what they wish, that is not necessarily truth. Its just their point of view, and I don't pay too much attention on this kind of statements.
I believe bitcoin will be here for 5 and 10 years and much more, this experts can say what ever, I don't know why are they expert's, I think if someone is early adopter he is not an expert cause of that.

Maybe the darknet users will start using some altcoin.Who knows....

Bitcoin might really become obsolete after 5-10 years or bitcoin might evolve to something

totally different.

this guy has been high when doing this interviw because he sounds high and without any brain to me!

well everybody could speculate and everybody is welcome to make an arguments, but for me, seeing from the bitcoin users growth and the enthusiastic i think bitcoin will be able to survive for a long time, but it all depends on the user, if nobody try to destroy bitcoin, then we will still be able to used bitcoin for a long long time

With the fiat currencies failing people by the day it is just a natural consequence for people to migrate to what brings them security, peace and hope, which is what bitcoin can readily bring on. In 5 to 10 years, I see people wishing, they had taken bitcoin serious, years back, because the appreciation in price will beat expectations.

I am speechless on that thread of yours. It may be too deep for us that we may need the people like Adam Back or Peter Todd to decipher the meaning of your text. I suggest everyone to go read it and good luck trying to understand it. ;D

But seriously this is what I think, as long as there are niche markets for Bitcoin like the dark market then there will always be a need for it unless the banks decide to serve those illegal markets themselves. If the banks do not want to serve some sectors in any market, Bitcoin will fill the gaps.

I don't think so, because today there are many countries and companies that supports and making investment into bitcoins and other digital currencies and there are many developers of coins who made innovation into them, include bank Swiss and it is mean progress of bitcoins and digital currencies growing bigger, if It still is like this in 5 to 10 years will there are many people be using bitcoins.

Ballsy statement to say something like that. Maybe they just have enough power now that they can instill themselves as a large placeholder over any new cryptos popping up?

I haven't read the quote, so I will assume for this that he might be talking about the current iteration of Bitcoin, namely 1MB blocks, 10min transaction times, and so on. As such, he might have a point, but we don't know for a fact.

I don't want to comment on his words because he is an Internet entrepreneur and technologist and he surely knows his stuff. Plus belittling a CEO is outside of my pay grade anyways  ;D

However if high-ranking people like him think that Bitcoin will not survive in the long-term, I suppose the issues and limitations lie within the current technology itself. Maybe he knows something we don't know. I would take his words with a grain of salt, though.
We must not forget that the next big thing might be around the corner. Technology never stays stagnant and new developments might emerge soon. I don't think we should invest all of our eggs into the Bitcoin's basket  ;)

Well I'm no expert but I know this for a fact that no one can be certain about what's gonna happen in 5 years from now. And I disagree with his claim, I don't think it will die this quickly. The price can vary, maybe it will go up or down or stay about the same but I don't think it can vanish so quickly.

I think he will end up being correct:

Some of these established sites have other agendas in play and manipluting the markets and perception seem to be ongoing issues with bitcoin in general.
No one can see that far down the line for bitcoin as it has yet to be positively connected to one thing in the market yet! Its pure speculation for the most part on the Chinese,India or future regulations.
Find the more power some one has in the bitcoin community the more they are willing to partake in swaying public opinion one way or another.

I think Circle is going to go bankrupt very soon and they know it, so they are mad at bitcoin and now they are shitting on it. They keep losing customers because they keep annoying them by blocking their money and so on. I understand that they are trying to be a company that complies with strict regulations but it seems people that want to use bitcoin want to avoid all of that.

Some companies are just getting into Bitcoin right now, I think it's still too early to make a statement like that.
Bitcoin has a lot of potential, I can't imagine what will happen if we see another economic crisis.

If you notice some of the leading players in the industry seem to say stuff like this when we are very toppy.  He said this statement right around $760 iirc or at the start of the way back down to $700.  

I think you have a point there, sudden outburst like that are meant to tag a dog a bad name, just so it would be hung. He could not have ventured into a bitcoin company without doing due diligence or was it for the fun of it? So it is questionable why the sudden turn? At any rate, what gives any currency value is people's willingness to accept it as means of payment and since bitcoin is already having such a huge community, I doubt the absent of one person would in any way mean end of the road for bitcoin.

We need to cater to criminals more. And the minting process needs revision. What do I care though? Never been one for being the loudest in the room...

many other bigger guys before this douchbag claimed bitcoin to be dead in a couple of years with different numbers in mind and until this day none of their crap has came true so far. and reading what he had to say i have to say he has no idea what he is talking about and also it is possible that these crappy news sites like this one and others changed the interview too!

Nobody uses it five years ago and now its worldwide as long as their is a market for bitcoin it wont die out that easily, we speculate a lot when it come the price and usability  of bitcoin.

To me it looks like he is desperate to get some attention.
Maybe his company and the business model isn't working out as expected.
Wouldn't be the first company having tough times.I mean look what Coinbase is doing the last 2 years and how much their repuation has declined in the space.Imo Circle isn't doing that much better.
That could be a reason why such companies start spitting on Bitcoin now.

https://www.reddit.com/r/Bitcoin/comments/5gxy5e/new_ventures_of_old_bitcoin_circle_phasing_out/ (https://www.reddit.com/r/Bitcoin/comments/5gxy5e/new_ventures_of_old_bitcoin_circle_phasing_out/)

https://support.circle.com/hc/en-us/articles/217972003 (https://support.circle.com/hc/en-us/articles/217972003)

As many of us here already expected, Circle is going Blockchain now!
Buying and selling Bitcoin with Circle will be over soon.
So if you have an account with them think about what you're going to do!

it's over now. the option was shut off at the same time as the announcement.

I assume you can sell what's in your wallet there and that's it.

Sad to see yet another good company abandon its support for Bitcoin.  With the high fees and huge backlog, I don't see other companies sticking around either.  Maybe if there were a pending solution.  But, it is 100% sure as long as Maxwell is in control, the backlog will grow.  LN isn't even going to be ready for another two years at best.

Damn Circle abandoned Bitcoin for real? I have been out of the loop for a while and just noticed the big change. I couldn't completely understand what Circle are going to do now. It says on their site that they are going to move different currencies around with no fees whatsoever and they are developing a social payment app. So does this mean that Circle won't be a fiat exchange any more and will transition to being a fiat payment processor?

for real but they said they're going to continue using bitcoin for settlement and they'll host a bitcoin wallet still. it's the btc/fiat buying and selling that's gone.

But is there a statement posted anywhere that explains their decision behind this change? I couldn't find anything on that support page on Circle. I would assume their business plan with Bitcoin has gone south and they have lost customers or something and it's not profitable any more to invest in the Bitcoin infrastructure. Or is there something else? I would love to read an official statement about this.


Edit. I found it: https://blog.circle.com/2016/12/06/spark-new-markets-app-messaging-and-bitcoin-changes/

In a nutshell, Circle are building fiat-to-fiat social payment platform that is going to run on Blockchain technology.

Yeah guys, vanilla Bitcoin Blockchain is dead. The future is fusion.

Uninstalled their shitty app today.  I have zero reason to use Circle now.

"Nobody will be using Bitcoin in 5 years?"  Hell, nobody will be using Circle in 5 days.

Haha nice one xP

Whoever said that and wrote that article is a complete prat. What a moronic thing to say.
I think he must be a super god able to tell the future we should all listen to someone who is so sure about something.
I mean Jesus where do they find these idiots.

i was actually looking for this news the other day, wanting to see where it all began. it seems like Circle has a history of shit talking about bitcoin. i wonder why they even get into bitcoin business if they thought like this about bitcoin in the first place and now with their new shit talk about bitcoin they dont allow buying bitcoin.

That is their own view so we have nothing to do with. We all have own analyzation and view on what will be the future of bitcoin. Some of the suggested claims is really non basis and I can keep up with them to some debates. But technically Im surely wrong with some of my assumptions but hey as of now Im pretty sure that no big events will happen that can bring downfall for bitcoin.

This is only "FOR NOW". Watch out.

The guy is just trying to get some free publicity that is all, besides the statement is too broad even if a new coin emerged I’m sure some people will keep using bitcoin even if just to prove him wrong.

They've always primarily been a fiat payment system that also took Bitcoin. Their main use is to allow people to send money around the world in any currency (dollars, euros, pounds or whatever) for absolutely NO fee. You can text someone an emoji and have money hidden behind it or just text them money. They have two factor authentication and are FDIC insured. There's no limit on how much you can send and all you do to sign up is take a pic of your debit card. Its ridiculously simple to use. As far as I can tell, they are the only true competitor to Bitcoin without the transaction fee.

Of course, we will shun them because we worship at the alter of Satoshi. The rest of society will like Circle because it's easy, insured, has no fee and uses your current bank account.

One other thing, I've attempted to call almost every exchange in bitcoinland since Tradehill and was never able to talk to a person. Before I set up my account I called circle and they answered my call in one ring and answered all my questions.

Here are their support numbers if you want to give it a try.

US +1 800 398 7172

Canada +1 800 398 7172

Europe

UK +44 1793 250273

Ireland +353 76 888 6385

Austria +43 720 116408

Denmark +45 89 88 48 73

France +33 9 75 18 69 39

Italy +39 045 786 0905

Netherlands +31 85 888 6879

Poland +48 22 307 23 72

Portugal +351 308 804 274

Spain +34 518 808 538

Asia Pacific

Hong Kong +852 58089373

Japan +81 345606551

New Zealand +64 6 880 6119

agree. the tech is still developed, but it does not mean that the tech will die. it has possibility to be better tech and is accessible for everybody.

besides, bitcoin is 8 years and it is still accessible untill now. well the man told his prediction, and not all prediction will be right.

His prediction is crap. He's just saying that because he knows he's competing with Bitcoin. Why would a competitor want to help Bitcoin?

It doesn't surprise me why this guy said this now, considering they're pulling their support of Bitcoin transactions and services. An attempt at getting additional attention by someone in the investing world before they left Bitcoin completely, and I'm not sure what their goals was supposed to be exactly.

They alienate their original base and go off with a new market, one not necessarily open to them.

I'm confused.

He is a practical guy who understands if the network cannot be used to make money, it will die.  Presently, the mismanagement that arises from the silly notion of 'consensus' causes network development to come to a total halt.  Therefore, he checked out.  bye-bye. 

Consensus is a great idea like communism.  It just doesn't produce the intended result, like communism.

So this guy at Circle is trying to get people off of using bitcoin? :-\
That is just said to see from someone who was making it their livleyhood. :-[

Bitcoin is not anywhere near broken, whether it has to do with governance (as you suggest) or technological innovativeness. 

Are you one of those bigblocker troll nutjobs, Rawdog? 

We have a lot of great things going on in bitcoin, including the likely upcoming live version of seg wit - likely in the coming year or so and too bad Circle has chosen to alter its business model in such a way that is less helpful in getting new regular folks into bitcoin - likely Circle had some concerns about profitability, monetization of their model and possibly were concerned about some of the regulatory issues involved with buying/selling bitcoins directly with their customers.

Bitcoin is growing exponentially. At this rate, it seems the usage should double in the next 5 to 10 years.

Well this is a very good news regarding that circle would able to adopt bitcoin on next 5 to 10 years but i think they are late enough to engage. If they decide to adopt bitcoin then its the best time to do it now since bitcoins is only at its earlier years or maybe they are just waiting for the exact time when bitcoin reaches a particular time or year.

Lol.  You should be reading everything before you make this post. The op say the ceo of circle states that nobody will use bitcoin after 5-10 years. Anyway, i respect their decision. But saying those words. I think theres no need to say that. Circle just dump bitcoin. Thats it. No one is affected. I think their just be fine. There are many companies out there that are willing to engage with bitcoin and will be more in the future.

It's his opinion. Everyone is entitled to their own opinion, but I don't agree with him.

I think that bitcoin although slowing down over the past few years has been getting a boost again since the halving earlier this year, as well as the price hikes as the result of the Trump presidency. If we as a community can make the right moves in the coming years we can definitely build this into a great project.

yes but they are only entitle to have those opinions and not entitled to shove it down other peoples throats!
and certainly nobody is entitled to spread FUD. and for what because his business has failed to deliver because of incompetence!
as you said bitcoin is on a good path, and the problems that it has like the block size was not able to slow it down so far.

Definitely. A speculation will remain speculation and it doesn't matter who's speaking the speculation and what's the reason behind it. The future can't be predicted and even next 1 year you will not know what's exactly  coming. And I think this speculation or just say prediction don't have strong reason behind it because as you see that demands to increase

Ahahahahahahahaha...

i think Circle CEO was dying to be mentioned in some kind of list or record and stay there in the history so he  said these things.

because ever since he said it he is now inside the bullshit list, also known as the bitcoin obituaries list and he is going to stay there forever as an idiot :D