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Title: Is bitcoin destined to be just another payment method, or a major player? Post by: bitcoinsrus on May 24, 2014, 09:51:18 PM Bitcoin is volatile right now. This lack of stability probably would make it difficult for every day use (Joe blow trying to buy groceries and paying a different amount every week).
The general public may find it difficult to utilize bitcoin. There are applications like bitpay which make it easier for the consumer. Smart phones also have custom apps and other tools for the consumer. (Additional infrastructure is being built right now) More places are accepting bitcoin. I read an article from one of the ladies that said only 1 guy used bitcoin (but it brought a lot of attention from customers and media). Do you think bitcoin and other crypto currencies will continue to just be another payment option, or is it destined to be a major player like paypal and visa? On reddit there was an article about bitcoin being set to surpass paypal in volume http://www.ibtimes.co.uk/bitcoin-set-overtake-ebays-paypal-transaction-volumes-1449856 Right now the market cap is at <6.7 billion. For it to become a major player, it needs to increase exponentially (in user base and capital flow). Title: Re: Is bitcoin destined to be just another payment method, or a major player? Post by: Benjig on May 24, 2014, 10:03:47 PM I think we are just one step away to becoming a big player, the MIT thing is that kind of thngs that can help us in the future to be able to make payments everyday.. or we only need another financial crisis to have the bitcoin skyrocket,i wouldnt say "another payment method", the other payments methods never had such growth in their beginings
Title: Re: Is bitcoin destined to be just another payment method, or a major player? Post by: davidgdg on May 24, 2014, 10:08:56 PM If you're thinking of bitcoin as "another payment method" then you're looking at it from the wrong end of the telescope.
Title: Re: Is bitcoin destined to be just another payment method, or a major player? Post by: Benjig on May 24, 2014, 10:13:57 PM If you're thinking of bitcoin as "another payment method" then you're looking at it from the wrong end of the telescope. Thats for sure, http://c3039282.cdn.cloudfiles.rackspacecloud.com/homepage/captioncontest062212.jpg |
