Bitcoin Forum

I have been watching Andreas Antanopolis and Gavin Andresen talking, as well as the MIT Expo and...

One things that I REALLY got from it was that there are TOO MANY PEOPLE mining Bitcoin. Gavin said it in like 2 or 3 videos.

Then they said "This year is the year of the multi sig wallet" which shows me that they believe we are done getting new people... Which makes sense, since they are saying that TOO MANY PEOPLE are mining...

We need to kick the community in to high gear. We need people HELPING EACH OTHER, telling each other what altcoins to mine. What exchanges to use. What coins they can get for FREE without mining.

The community is getting "Too Big" to mine regularly and needs to start using that hashing power to get something done.

MORE PEOPLE ARE COMING. I promise this is not the end of the growth, and it is hardly even the beginning of the growth.
If you have never used an altcoin, PICK ONE. If you don't want to use altcoins, share Bitcointalk.org with other people. Post on other forums, post in Facebook groups, post in Google groups. Let's get the WHOLE world using Crypto!!!

https://bitcointalk.org/index.php?topic=678472.0

He said that because mining isn't profitable anymore, we need people actually using bitcoin so its value increase and mining becomes profitable again, we don't need less people mining we need more people using bitcoin.

I think everyone should stop mining and let me claim the current 15k prize every 10 minutes, sound fair?

No, he said the way it would correct itself is "The blocks will halve and halve and halve and less people will want to mine because it will be harder" so he is thinking along the lines that I said.

He even made it sound as if he is waiting for mining to end so that we can just trade the coins and have Devcoiners mine or something like that. That was after someone asked about the energy consumption of mining.

Lol

impossible to happen. people are even buying monstrous hardware just to mine.

Some people don't mine to profit, they mine to make the network stronger.

Mining is a free market. It will regulate itself. I do agree that the era of profitable mining is coming to a close but if people want to spend their time and money on it that's okay too.

They could use that hardware to mine other coins. And if they have "monstrous hardware" they could give like 25% of the coins they get away for free, which will jump start whatever coin they mine (like what happened with DOGE, everyone got some free so they all wanted to see it do well)

Then why not mine to make an Alt network stronger?

Maybe the era of profitable bitcoin mining, but the era of making your own coin is on its way in. And no one's friends care if they premine, as long as they get some coins and maybe a mining rig.

There are very few truly innovative alt coins out there. 99% of them are cut and paste pump and dumps designed by the creators to make money.

It's arguable there's enough people mining.

But of course we're not "done getting new people" regarding people using, spending and receiving payments in Bitcoin.

Regarding mining, an even less centralized system (such as p2pools) would be ideal.

You drive a hard bargain, mister. Well, alright, you got yourself a deal. I don't see what choice we have, now that OP has sounded the alarm on this Extremely Serious Dangerous issue.

Yes. it is exactly right, and I've done it. although only about altcoin spread this information in social media, or share with my close friends. and when reading this post, I am quite proud that I have done. so we are not only focused with bitcoin. This indirectly will make bitcoin balance and profitable too :)

That is another thing I noticed listening to Gavin, "Truly Innovative" as if the only way to innovate is to alter code... That is not what regular people care about. Regular people do not care if Worldcoin does instant transactions, if they can't figure out how to get World coins.

The next "True Innovation" is the coin that pays you to like and share on facebook, or pays you to post on a forum. THAT is what people will think is innovative.

Ok... So we now only accept people with money to buy our coins... We aren't an elitist community at all.

Yes, the more people that use altcoins the better off Bitcoin will be.

yes, we really need more people wanting bitcoin, otherwise we might see a bitcoin collapse if the next halving makes bitcoin mining unprofitable.

Problem is that no one I know would be willing to give bitcoin a try, and would confuse me with some Herbalife pyramid scammer type




Like the signature campaign do?

I think you are taking what both Gavin and Andreas said out of context.

Gavin said there are "too many miners", meaning, mining market
is saturated, but that will balance itself out as any competitive
market does.  Most Bitcoiners are NOT miners, so there's no
conclusion to be made about bitcoiners in general.

Andreas said "everyone will make their own coin"
but that is a very abstract concept about the far future,
without a clear context or implementation, and doesn't
imply we wont need strong currencies with wide adoption like Bitcoin.

I see none of this implying we should start using alt coins necessarily.

People may think you are a scammer, but they are just missing out, move on to the next person.

What is "Signature Campaign"?

Nope, Gavin literally said we have "Too many people mining Bitcoin" word for word and "Year of the multi sig wallet".

And Andreas wants altcoins to start getting made more, and I am pretty sure he used the phrase "Year of the multi sig wallet".

I used what they said COMPLETELY in context, then added my own analysis of what we can do about it.

"too many people mining Bitcoin" implies what consequence/problem?

How does multisig have anything to do with altcoins?

^ this quote can be found randomly throughout the last 5 years. mainly at times of:
block reward halving
weeks before CPU->GPU transition
weeks before GPU->FPGA transition
weeks before FPGA->ASIC first gen transition
weeks before ASIC 1st Gen->ASIC 2nd Gen transition
weeks before ASIC 2nd Gen->ASIC 3rd Gen transition

new technology will keep mining going,
price increases where miners hoard coins and avoid selling at loss will keep mining going
block halving wont stop it, as everyone thought the last halving would kill off miners... yet the miner hoarding scheme proved block-halving wont stop it

mining will continue until 2025 before its truly not profitable for single entities to buy hardware... so we are only 33% there.. so it is still too early to be truly shouting "its over". then after 2025 when fee's start taking over reward you will start to see the 10 main pools dilute down to 3 main pools.

now. back to the OP.. what a laugh.. bitcoin dosnt need to move to get miners to different coins.. its to move miners away from mining and into running proper businesses.. just like the wild west SOME people dropped their pickaxe and bought dynamite, and then their descendants bought excavators.. yet the large population started to drop their pickaxes and open saloons, blacksmiths, barbers, horse stables, carpenter workshops, etc and found it easier and cheaper to get bitcoin with less stress and costs by running businesses..

this is what you SHOULD see over the next 10 years, more merchants starting up as a method for people to get bitcoins.. leaving only a few companies mining the remaining bitcoins with their large expensive equipment.

telling people to mine a pump 'n' dump shitcoin is not good advice... EVER

Maybe we are, unfortunately. I learned about Bitcoin and joined the community when it was at about $1k, and I bought some at tha price.

The only way for Bitcoin to be mainstream is for people to use it. And the easier and most common way for people to use it is to buy it.

Because NEW PEOPLE ARE STILL COMING TO MINE. So they should know what to mine.

Or, you could think a little harder.

And teach EVERYONE how to make coins, then let those people mine those coins with their shitty laptops, tablets and windows XP computers. Then they can come and trade those coins for Bitcoin or better altcoins.

Even if they had NO MONEY to start with.

they can mine altcoins if they want, I still don't see a problem.

The problem is that there is not really any altcoins that are doing well. Sure there is Litecoin, but that is getting hard to mine also.

People need to start letting new people know about all these other coins.

Cuz some altcoins (most of them) are just bloodsuckers of bitcoin.

You know that's not the way to make Bitcoin mainstream (or you should).

Honestly, how many people would be willing to learn that and
leave their computer running all day for a few dollars worth?

It's impossible to have billions of people to do that.

And we need coins that DO something (at least represent a region if not represent some form of change).

Not just NXT and NEM.

We need Brazil Coin, China Coin 2, Singapore Coin, Mexico Coin, etc.

where did you get the assumption from that we need altcoins to be doing well?

sounds like circular logic and you haven't convinced me you understand the original
messages from Gavin or Andreas.

"too many miners" isn't a problem except for someone who want to be a miner,
because it's ultra competitive.

and altcoins have nothing to do with bitcoin multisig.

That is what people think, but it wouldn't be true if we had coins that were meant to draw NEW people instead of meant for old miners to have an easier time mining.

That is what everyone said when Bitcoin first started. lol. And there are probably at least a quarter of a billion doing it.

Altcoins have always been needing to do well.

And I can quote Gavin again here. He said that he would LOVE for some coin to match with Bitcoin, or some Fork to be successful, because then he could sleep at night without wondering if it is all going to crash because of one line of code they missed.

So maybe we don't need more miners. We just need to actually start getting used to buying and selling with Bitcoin so the guy with the expensive rig starts realizing that he's not the only person who can profit from cryptocurrencies. I was just writing this blog entry (http://banksworstfear.com/why-should-bloggers-bother-with-bitcoin/) about why we need more bloggers.

Exactly, thanks. And that's still true. Except of course there's not a quarter of a billion doing it, not even holding coins.

How many people mine Bitcoin?
How many people hold or have ever held Bitcoin?

I don't think those numbers can be even compared.

So only a small percentage of people can get (Bit)coins by mining.

And I know altcoins are not related to multisig, my point is that "Year of the multisig" is a FAR CRY from last year which was basically "Year of the ASIC".

You know, I'm not even sure about actually buying hard goods, but my experience with sending Bitcoin has always been:

1) Get somebody's Bitcoin address
2) Click on the Send tab of your wallet
3) Plug in the address you want to send to and the amount you want to send in the appropriate fields
4) Hit send.

that doesn't have to do much with the mining market being saturated, but it is a good point.

We do have litecoin.  

What if you could write, and for every 1,000 words you write you can get paid free Devcoins, then trade those for Bitcoins. Would that help? And should there be more coins like that?

We don't get to just say "we don't need more miners" more miners ARE COMING.

If we don't have a quarter billion people using coins (which is less than the population of America, but we are talking global) then we are even worse off than I thought, and there are even MORE miners coming than I thought.

We will have plenty of people to mine the new coins.

We do have litecoin, but it would be nice to have something a little more socially accepted... Like some kind of DOGE+

I can't see the connection between the talk you refer to and altcoins... sorry...

Indeed there's a lot of room to growth.

More people will mine coins and even more people will hold and use them.

This is just the beginning.

how about reddcoin?

the fact of the matter is there is no shortage of coins.
in time, adoption will flourish and the winners will emerge.

I wouldn't spend too much energy worrying about that.

No need to apologize, just try rereading the first post.

Yes.
I believe this is the future of money.

All I am saying is, if you see a noob talking about getting some mining gear, don't say "It's too hard to mine" don't say "Only mine Bitcoin or Litecoin" say, "Mine your own coin, or check the altcoin section and ask around there"

Ok. So how would your mom or say your sister pay for their coffee with bitcoins? They have no idea about that, the only thing they know is what they heard on the news about such and such( bad or good) and what their friends might have said.

It's like the pizza commercial i see, the guys driving down the road and says "What do you want me to do, stop the car, download an app, register it, look for a place to buy, make my order, check the order, and then go pick it up?"

Day to day, people want to walk in a store, pay and go. Simple.

Until this can get off the computer so to speak, and into daily lives, the growth has slowed. Basically, it's either investors, miners, or hobbiest at this point.

if people want max profits, they should mine whatever coin is most profitable for the given PoW algo.
you can search , I think there's a website that will give you that information.  I believe bitcoin is the most profitable SHA-256 coin, you can find what is the most profitable Scrypt coin, and then there is the newer X11 algo.

....but why should they mine their own coin? Don't we have enough coins?

QRC wallets and Smart Phone wallets. That is the way to do easy in store transactions.

I agree that if they want max profits (from known markets) they should get advice like the advice you just suggested.

BUT.
If they want to (or have the ability to) create a new community in their town, school, state, country, club, comic book store, sandwich shop, and profit FROM THAT.

Then they should make their own coin.

ok, i just downloaded a QRC wallet, and Smart Phone wallet, now what do i do with these, they have nothing in them.

Go to the Devcoin thread and write for Devcoins, then trade those for Bitcoins. Then take a picture of any QRC that you want to pay, and pay them.

I understand that Bitcoin does not really have any ways to earn it yet, and Devcoin has no way to really trade it yet. But this is the best way to get in to the market for free, the start trading face to face.

There are also a few coins that have mining apps.

Maybe your just trolling me here to push your blog and website, but it's really bad for conversations.

I don't want your Devcoin, they are worthless, just like every other damn coin other then bitcoin.

To the average person, those things are just plain stupid until they can walk into Starbucks and buy grande latte mocha frappe whatever you call that stuff.


heck, i can walk into home depot and pay with my paypal account, I dont even need my wallet. just tap tap on the screen and punch some stuff in and bam, i got a pick, i can mine gold now.  ;)

Where can you buy coins?

Lots of places -- coinbase, bitsimple, localbitcoins, the xchnage section of this forum.

Just let them fry.

dont worry about finshaggy (aka hotep)he has no bitcoin technical knowledge and just loves to talk about random things he has never experienced. the only thing i know is that he is a money grabber.. his latest project is that he has made a few altcoins by visiting a skiptkiddy website(not by making a useful coin the old hard way, with actual code) and is trying to push people to buy them..

so dont give him a second thought.. he is more transparent then oxygen.. but without the benefits of it.. he is just a lot of hot air

Ok, let's start this again. And why would I do that? When all I need to do is press Paypal button. Or Visa Button.

Does everyone really not see how big the forest is because they are sitting under their own tree?

I am not pushing Devcoin, it is just the only coin you can get without mining. Then trade them for Bitcoin and have Bitcoins to use in the community.
There is NO OTHER WAY to do it like that.

If there was another, BETTER coin for it, I would have told you about it. But there isn't.

Are we talking about the devcoin that is currently worth 15 satoshis each? You can't be serious.

You have a point in that electronic payments are very good now in first world countries.
But the merchants pay high fees.  Also your fiat money is a poor store of value and your
purchasing power is being constantly eroded by inflation.

Look, if you can not see the advantage for all traders to have a low cost, high speed, no fuss payment system, and that the low cost will benefit also the retail customer, your intelligense is to low for this forum. Go away. Maybe you can sell your knowledge to paypal.

Touchy touchy, didn't mean to insult you. I just think you're missing my point. I'm not going to try and explain it.

bitcoins is not about if you have paypal. to convert it to bitcoins, just to then instantly use on new egg.. if you have pay pal or a debit card.. just use it on new egg..

what bitcoin is about is having your debit card, and having an alternative to:
bank wire transfers
credit cards
paypal
cash in hand.

its more about the holding a better store of value that is not going to take u days to process (wire transfer) will not charge you excessive fee's(paypal/credit card) for every thing you buy, that wont freeze your bank account or charge-back without your consent(bank/paypal/creditcard).

bitcoin is a better payment system then those controlled by your local government (slow), or corporations (greedy).

but if you just want to get some bitcoins just to learn how to send them.

bitcoins are not for everyone, just like paypalis not for everyone, or credit cards, or bank notes. they all have their own uses and facilities. but bitcoin is the only one that can do it all, faster and cheaper then the rest.

you will realise this when the banks start messing with your money or paypal charges start eating into your funds and chargebacks start to increase. untill then have fun learning and trying it out

When I first came to Devcoin it was 10 satoshis and has been as low as 5 if I am not mistaken, and that was over a year ago and throughout the last year. So anyone that has been buying it would have earned money. So what are you talking about?

devcoin owners only push publicity stunts to drum up new buyers so they can offload their crap before its worthless..

stop trying to offload your worthless coins onto someone else.

get a real job!!! hopefully something that is not a utopian dream that wont come true, but a actual job that can hlp bitcoin that is actually in the realm of reality..

devcoin is a nice idea, but it obviously went nowhere fast.

I am not even talking about Devcoin myself. I am only talking about it in response to someone that asked how to get coins without mining, and now you.

If you want to make a coin that pays people to upload music, or art or whatever, I will share your coin when people ask about things like this. But for now, Devcoin is the only one.

And I never told anyone to BUY devcoins, I told them to get them free for writing. So how would I make any money dumping if all other people are doing is writing for free coins? That literally makes no sense.

You are very mistaken. It is at 15 satoshis and you can get HUNDREDS OF THOUSANDS of devcoins for writing a few thousand words. Devcoin may not be moving, but it is doing very well. There are just tons of coins, so they seem overly cheap, but that is just because of the sheer mass of coins that exist.

Everyone read the OP topic or just jump to page 3?

We are talking about growth here. Nothing of what you said isn't true.

But if you want more "neweggs" out there, then there needs to be growth in ease of access to actual coins.



The growth will explode when you have that many people using bitcoin daily.

The only problem with Devcoin is that everyone gets them for free then has a "Hold for dear life" mentality. And when everyone is getting their coins free, and no one is putting them on the market, then the coin stops moving.

I wish everyone could see that Bitcoin is FAR from a regular "stock", it is like Apple before the Ipod.

There is definetly a lot of miners out there, but its normal scenarion ; where people see profit, they exploit it to the point when there is more loss than actual gain.
For bitcoins price to erupt, targeted audience should be changed from general public, to privileged.
Does that defy the original bitcoin idea, well yes, but you cant have everyone satisfied.

OK, sorry that this has been blown past. It deserves an honest answer.

Before you could 'just press the PayPal button', you had to create an account with PayPal, right? Then link that account with another funding source such as a credit card or a bank account, right? Then earn money, and put that money in the linked account, right? Well, in a similar fashion, you don't just get awarded BTC as a birthright.

Before you can spend bitcoins, you need to have some. There are many ways to accomplish this. As you seem enamored of old-world money mechanisms, I will describe what I think is the closest analog.

Go to Coinbase.com. Create an account and wallet there. Link it with your bank account and or credit card. Use Coinbase's handy interface to purchase bitcoins from them using funding from your liked account. Boom. You know have easily spendable bitcoins. In something very close to the PayPal model of doing business.

Now to spend them, it is as simple as choosing bitcoin as the checkout means of payment from a retailer that accepts bitcoins. Examples would be NewEgg, Expedia, Overstock...

You can also make your Home Depot purchase (many other retailers as well) quite painlessly, through the intermediary of Gyft. But you probably want to get some experience with the basics first, before adding this next layer.

We are not born knowing how to use bitcoin. Neither are we born knowing how to use wire transfers, credit cards, checks, or even cash. You've been around these other financial instruments your entire adult life, so you no longer think about the learning process in regards to them. But you should not expect using any new financial instrument to come with zero learning required.

Yes, things require a little effort. Less now than a year ago. In another year, they will be easier yet. Either go through the pain of learning now, or wait another year for the next simplification. There will still be learning required, but likely much less. All you'd be giving up is the possibility of another 10x possible increase in the value of the bitcoins you hold.

But stop whining - we're not going to do it for you. We have our own lives to run.

If people can't be civil in topics, then why the heck do you respond. You're internet doesn't freely give out a license to be a jerk, does it?

First lets set the record straight, I have a wallet, I have bitcoins, I know what they are used for, I know how to buy them, I know how to mine them, I know how to spend them..

In short, I know whats up.

If you actually read what I was trying to get at, I was using myself as an example, and talking about 1 method of growth in bitcoins.

As far as the rest, I leave this to the trolls. You have no clue, only what you are told.

in short, reading some of the first comments from you, you are right, it is not mainstream yet, it doesnt have ATM's in every convenience store, it doesnt have TV adverts talking about coinbase or local bitcoins. so yea thats where bitcoins needs to grow.

but bitcoin is not a company.. its like asking dollars to advertise themselves. instead it would be hoped that coinbase, localbitcoins, bitpay would use their profit margins to get TV advert deals. for companies running ATM's to not just run 2 ATM's in their town, but 20. and have a person in every town that is a franchisee of the ATM company to maintain ATM's in multiple towns.

it is happening and we know of this issue, it just taking time to weed out the the true bitcoin enthusiasts that want to be franchisee's away from the basement dwellers looking for free handouts.. and not doing the work asked of them (that is the bigger problem)

That is ridiculous. You are now talking as if Bitcoin is a national currency, and will compete with money forever instead of becoming something that everyone uses.

That would be nice for you, isn't ? :)

Be the only miner :D  wow.


There will be more and more miners and more and more Bitcoiners.

Gavin didn't want to say "There are too many Bitcoiners. People should stop mining."

People should mine Bitcoin if they want and nothing will stop anyone as everybody can do it.

Problem is with ROI but well ... people need to calculate their profits reasonably and there is always a possibility that something might go wrong if you are thinking only about huge profit.

Sorry. Didn't think I was being uncivil. I thought I was being direct in drawing analogy to the examples you provided. I answered your questions in what I thought was the most useful manner possible. I never called you any name, nor maligned your intelligence.

Methinks you are being awfully thin-skinned here.

Funny how your response included nothing about how closely my response matched up with your question.

I never said people should stop mining. My point is that he says there are too many, and we have more coming. And they should have trusted and noveltyly cool coins to buy, and coins they can earn for non mining tasks.

I know where the ignore buttons are, have a good one.

I can't help but think that you are taking this quote out of context. What does it mean to have 'too many' miners? Apart from the fact that it causes each such miner to reap less bitcoin, I see no downside. None. Nada. Zip. Zilch. No systemic issue from 'too many' miners.

yeah because altcoin having much chance to be scam coin -_-
i have told my friend whose have 1TH/s miners to try altcoin but he say if altcoin is most profitable no many people miners bitcoin again.. -_-

No, he did not say it casually like "There are just too many people and the shares are getting too small" NO. He was saying "There are TOO MANY MINERS", and even talked about the end of mining hopingly. Like "If only we were there".

5 pages into this thread and I still don't know what is your exact point or what inference you are drawing
from what Gavin said.

What I think he meant to imply is: 1. there could be less miners and the network would still be very secure, and 2. new people shouldn't rush into mining.... and that's it.

You really cannot have "too many" miners as the more miners you have, the more decentralized bitcoin will become. If anything there are too few miners, as there are few miners who control a lot of the network hashrate.

I think he was in NO WAY implying a solution or change. He was just stating a PROBLEM. There are TOO MANY MINERS. That is all he said. He did not say that "There could be less miners" or "New people shouldn't rush in" he simply laid out the problem. And we are now analyzing and sharing our solutions.

My solution is Altcoins.

Ok, so that's where we disagree.  I don't believe he meant there is a problem.
And why would it be? 

This means that it is simply less profitable to mine bitcoin then it was 6 months ago.

All that mining really is a bet that the price of bitcoin will rise faster then the difficulty.

Well he said it as if their were a problem. Then a person in the audience asked "What about the environmental impact of mining" and he replied with a reply that made it sound like he was ready for mining to be done with.

Now I am sure you are taking things out of context. If mining was done with, there could never again be another transaction verified. Zero. Zilch. Zip. Nada.

This has to be the most uneducated & unprovoked response I've ever come across on this forum, not sure if English isn't your first language or you just can't comprehend the sincere helpfulness in his answer (I would've thought this was obvious when he started it off with an apology).

You sir are a fool. Kudos to jbreher for the brilliant anology/reply.

no need for a flame war.  basically he's asking "why should the average joe use bitcoins".  although nothing new, it was a fair question.  Franky gave a pretty good response.

lol. pretty much. GIGO.

Yes it was a nice breakdown. It is a question of familiarity for people. Once they get used to something it becomes second nature. There will be an adjustment period for everyone that tries something new.

well, we have to keep the bitcoin from the hands of ignorant who want to take great advantage of a very fast manner that would make bitcoin becomes bad reputation. and increasingly rejected by the government, it is very threatening

Couldn't disagree with the op more.  In a perfect world everyone should be mining.  But the reality is that not everyone mines.  Also, Andreas and Gavin do not speak for the entire bitcoin community.  They are good speakers and I have listened to them to get a better idea of what is going on in crypto but we should be very careful who we put our trust behind.  Its my understanding that the core idea of bitcoin is DECENTRALIZATION.  Alt coins are a hedge against the possibly inevitable outcome of bitcoin evolving into something that is hypocritical of its roots. That is the name of the game in this ecosystem. Voluntary participation. It is the idea of decentralization that got me interested in bitcoin.  We should not be scared of the implications of bitcoin. Embrace it.

One last note about Andreas.  Has he contributed to the development to the bitcoin protocol?  If the answer is no, then why are people paying any attention to him.    

That or we need sidechains or something else that miners can secure along with the Bitcoin network
It's pretty damn secure already in hash lol.

@boco
Your thinking Bitcoin nodes I think but also perhaps mining hmm might need to watch the gavin/andersen vids.

@fredomon1

Do you get paid for a node? Where can i sign up. The money is in mining

I agree with you , this is what it is  ;)

maybe you can create a new thread in the forum state or perhaps you have a special thread here. to see who has the coin to be exchanged or sold, directly meet it's better for you

but at the same time many people are put off mining by the fact that BTC is already established in the community

but at the same time many people are put off pickaxing for gold, by the fact that gold is already established in the community..
.. so:
1) they buy gold as it's easier, cheaper(no $50k excavator) and less sweaty
2) they set up businesses(anything from hairdressing, vets, coffee shops, bars, etc) to earn funds to buy gold
3) they set up pawn shops to get peoples gold and pay them below spot

bitcoin is the same. bitcoin mining is not for the amateur noobs that cant afford $50k investment, instead people learn to start doing normal jobs and services to earn their bitcoin. thats why we are still in the early adopter/innovator stage. as we haven't quite got to the average day job being related to bitcoin..

.. but its coming, once peopl accept that mining is not for everyone

good analogy.

Do we really have people complaining that its hard for the average person to mine Gold?  Or that Gold mining has become too centralized?

Does any one else worry about all the incoming sell pressure as more and more mainstream businesses start taking Bitcoin for payments yet cash out instantly to USD or EUR? What if Amazon starts accepting BTC? It sounds good but doesn't it work out to them taking mass amounts of Bitcoin in and selling it for USD?

nope

bitpay for instance do not sell on exchanges.. instead large investors give bitpay dollars behind the scenes and investors receive bitcoins.. (research th $32mill investment bitpay got) thus no bitpay bitcoins eat away at exchange buy orders... thank god. and i imagine the winklevoss and their "authorized participants" will grab their baskets of bitcoins the same way.. private trades away from exchanges.

but coinbase is a different story.. they are still kinda attached to the merchant transactions hitting the coinbase public exchange

What if Bitcoin crashes?

And what is wrong with people creating small community coins?

Any time an exchange of bitcoin for fiat is done the price will somehow be affected. The $32 million investment in bitpay was not for them to buy bitcoins with but rather to purchase infrastructure. Anything sold converted to fiat via bitpay will eventually make it to an exchange

the $32m was for capital... ill leave you to research the meaning.. plus it was not a donation to pay off building costs/mortgages, never to b repaid.. it was an investment.. oh and guess what th investor wants as means of return...... need i say it!?

That's maybe not necessary if Bitcoin gets into Nasdaq, then it would be treated as another normal badge...

The capital was given to them in exchange for an equity stake in the company. Hopefully bitpay will show a profit and can repay the VC investors via dividends over time. Bitpay's source of profit would be the fees they make off of processing bitcoin payments. In order to prevent themselves from being forced to take losses of their bitcoin holdings when a customer needs to exchange bitcoin for fiat they would need to sell the bitcoin on the market.

No not a Bitcoin node, other coins do pay for nodes like Darknodes but that's different.
And yah the moneys in mining since the hash is starting to stabilize* *(says with caution)

Ah stuff Andreas has done
http://antonopoulos.com/

As a bitcoin entrepreneur, Andreas has founded three bitcoin businesses and launched several community open-source projects. He often writes articles and blog posts on bitcoin, is a permanent host on Let’s Talk Bitcoin and prolific public speaker at technology events. Andreas is also writing a bitcoin book for developers, for O’Reilly Media.

Andreas serves on the advisory boards of several bitcoin startups and serves as the Chief Security Officer of Blockchain. He is available for limited-scope strategic consulting projects.

He has also been on Joe Rogan's Podcast. Andreas is doing a lot for Bitcoin and Altcoins, if people would listen to what he is saying a little harder, we could move to the next step in this whole "Crypto currency" thing.

Get bitcoin on the news (over and over)
https://bitcointalk.org/index.php?topic=678830