Bitcoin Forum

With the mass communication we have today how come Bitcoin isn't already widespread news?

I can type a few characters into my phone and the whole world can potentially see it (if enough people were interested in me).

How haven't people realised what a great store of value BTC is now that the price is relatively stable?

Is it scepticism? Stupidity (people want easy apps without understanding anything about the underlying technology behind BTC)?

It seems to me like BTC should be heading to mass adoption NOW, rather than in 5 years time as some people predict?

Personally, I don't want it to go viral too soon though; I would like some more cheap BTC before that happens.

The early adopters embraced Bitcoin 5-6 years ago.

People adopting it now, are among the last few thousands to ever adopt it.

I used it on the original Silk Road about 3 years ago, but purely as a transition between fiat and buying weed.

I must've actually held something in the region of 20 or 30 BTC at some point. I wish I'd not smoked that BTC now!

I just didn't see the connection at the time that this was something that could change the world. It was just a sketchy way of doing business anonymously back then.

It's a lack of understanding, really.  Everyone is told not to trust anything on the internet, and to keep all of their financial information a secret.  Cryptocurrencies are a new paradigm where a public ledger is used to keep your wealth safe.  Instead of guarding your money as a secret to avoid theft, you announce it to the world such that everyone in the world agrees that you control X Bitcoins.  That consensus declaring your ownership is unlike anything most have ever been exposed to.  It will take some time for the masses to move to such a system after being made so afraid of publicity of wealth.  With Bitcoin, the publicity of the ledger is what keeps you safe.  With USD or gold, secrecy is needed to reduce attention, and armed security or insurance is the last defense.  The paradigm shift needs some time and education.

Because it's a form of money.

Money is not well understood by most and it's the one of the most emotive subjects possible. People also tend to be extremely conservative about it.

Those starting to use email, mobiles, internet, facebook etc. had nothing to lose and everything to gain.

BTC has a long, long way to go before it convinces folks en masse that it's a sure thing.

It kinda is though. Almost everyone has heard of Bitcoin,  "Bitcoin, what's that" "it's like internet money" but that's where it stops for most people.
The internet and social media are great tools for spreading messages to everyone, but with that comes a lot of noise to break through and be heard. Every day there's some new gimmick to try to take people's money away and people become wary of new things.

 It's almost like the explosion in the music industry in the last 10 years. You know now you can publish your album and get it all over including listed on itunes and spotify for only $40 with services like CD Baby.   Once people hear my music I'll be famous. I can't wait to get on iTunes! But now that anyone can get on iTunes your music gets buried and no one ever hears it except your friends and family... ok now I'm on a tangent.

Anyways, I think a large percentage are aware of this new tool we call Bitcoin, but even a larger percentage have no idea how to use it or what it's capable of. It's actually quite amazing when you think about it. Here it is just sitting in plain view and most won't approach to get a closer look.

Do you think there is also a lack of knowledge in the masses about how central governments control the masses with money? The average Joe is still blind to the way we are subjugated by world banks?

Or is it a case of the ability to freely spend BTC not being there yet?

You bet.

Here's the old Henry Ford quote -

'It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.'

As long as you get money to pay your way through life, not many people are going to question its nature.

Good quote.

I've recently been watching some pretty hard hitting documentaries by Adam Curtis, the British film maker. The average person could do with some eye opening documentaries to see just how we've been held in the grip of power for so long.

I'd like to pay for my utilities with BTC and buy food with BTC. I eagerly await for that day to come. Even if it's just a start.

Adam Curtis?

Didn't he do All Watched Over by Machines of Loving Grace?

Seriously, that documentary blew me away and changed my life forever.



Back to the topic:  

Don't know if now is considered "early adopter" time, or not.

Perhaps, time will tell.

Be early adopters of last year, it is nothing in this year

Its because Bitcoin is in early stage, its in its infancy. People might know about it but asking them to switch from fiat to BTC is proving to be difficult :( We will get there, just have some patience.

Early adopters have been pulling out forever, do you research

https://bitcointalk.org/index.php?topic=879312.0 (https://bitcointalk.org/index.php?topic=879312.0)

Bitcoin is just not stable enough at least not to the same level as say the Dollar and that scares merchants and consumers alike. A salary paid in real money, allows people to plan to the nearest cent their budget for the month, you wouldn't be able to do that with Bitcoin. If you have a family/children, it would be unbearable stress not knowing if your $100 worth of Bitcoin will still be worth $100 when you go to the grocery store next week. Bitcoin adoption will keep increasing slowly. It is however unlikely that it will rival real money anytime soon in its current form.

Why I think have Bitcoin not been novelty from my personal feeling? It was born in 2011  ::)

It was born in 2011, with the Satoshi's paper.

Bitcointalk was the one born in 2011

It might be nitpicking but bitcoin was not even invented six years ago. The first block was on 2009-01-03

Oh wow exocytosis is back....where is your alternate ego fallllling?


On a serious note: We are still early adopters because it is not widespread like credit cards are nowadays. This is like being apart of the Diner's Club when only a handful of places accepted it in place of cash.

How come "the last few thousand"? What is your prediction? Crypto gonna fail or another crypto?

Yes exocytosis is a huge troll and very negative about bitcoin. His old account is falllling who always talks about an upcoming bitcoin doomsday

We're "early adopters" in a similar sense that the first few nerds technologically interested users of the early WWW were early adopters, pre-AOL let's say.

Back then, TV and newspapers reported about it, the existence of the web (and the Internet in general) was known by a substantial number of people, but only a fraction of those actually used it, because, why bother? You could make  a phone call or write a letter just as easy, so why bother with email? And no way you would ever enter your credit card info on such a shady thing as a form on the web.

It was taken as a fact, seen through the lens of mass media, that "e-commerce" would never really take off, because of security issues and the general lack of interest by consumers. It'd be a niche, forever.

Aah, the memories :)

...because we are !

Probably invested in Ripple ;)

Will this hackneyed internet analogy ever get old?  The reasoning seems to go something like this:

1. Internet was once considered irrelevant, and largely ignored by the media.
2. Bitcoin is now considered irrelevant, and is laughed at by the media.
3. Internet became the defining technology of the 21st century, just a few decades later.
Therefore,
4. Bitcoin will also become the defining technology of the 21st century, just a few decades later.

Is this accurate?

The analogy is accurate, up to the point before the Internet / the web took off.

See, this is precisely where you and I seem to diverge in opinion: we are early adopters, similar to pre-AOL web users. That much I'm sure of. And, similarly to the broad consensus back then that "the web will ever only be of marginal importance", I (factually correct, I believe) note that there's a similar consensus by the media (and public opinion at large) as well re: Bitcoin.

That's all I conclude so far.

I am not concluding that this means crypto will be a similar global success as the web. That's you putting words in my mouth. We'll see how far crypto will go.

If you want the tl;dr of the web analogy: The "consensus" opinion on the importance of an emerging technology was very much wrong about the web/Internet, so I don't put much faith in it regarding crypto either.

^
As I remember it, no one laughed and pointed fingers at the internet.  The fingerpointing that took place was focused on the .com bubble.  It eventually proved justified.

Regardless, you seem to be saying here the gist of your internet analogy is "we are early adopters."  If Bitcoin takes the path of the internet, you would be proven correct.
If, OTOH, it follows the course of BTCeanie BTCabies, I'm afraid that people who discovered Bitcoin after 2013 are late to the party :-\

http://s11.postimg.org/wszdvt2tv/pool_s_closed.jpg

Everyone getting in now is realllyyy late... They will continue to get burned as more and more people cash out daily.

Agreed (Not with the "beanie babies" comparison though. That's just flippant.) I still consider near total failure of BTC a more than just theoretical possibility (for example in the sense that it will be replaced by some centralized government sanctioned pseudo crypto, let's say).

It's just that I a) consider the overall likelihood of a qualified success slightly higher than that of failure, and more importantly, b) when I multiply my expectations (subjective) of price/mcap increase with my expectations of their likelihood (subjective as well), btc still looks like a good investment to me. Risky, but good.

This Beanie Babies comparison is getting old, just like the Tulips one. Beanie Babies were just useless collectible toys, Bitcoin on the other hand makes it possible to move money around without friction and almost non-existent fees and removes the middleman in transactions. Basically it gives an individual much more control over their finances and takes out the vampires sucking out the wealth from us. There are many other advantages Bitcoin could bring to people but I think you get the gist. Of course as long as Bitcoin is not widely used and adopted it suffers from huge volatility and other disadvantages that counter all the above advantages, and I understand that therefore not everyone wants to jump into it right now. So that's why we are the early adopters who are willing to take the risks of a very young digital currency so it can hopefully blossom later when the advantages start to outweigh its early disadvantages. It's not a given this will happen of course, but you can't deny its potential and possibilities and Beanie Babies had none of that.

I know I might regret replying to a known troll, but I thought I'll just give it this one try.

The internet comparison, OTOH, just gets funnier with each time I hear it.


Only if you don't understand BTCeanie BTCabies.
BTCeanie BTCabies are a store of value, precious due to their limited supply.  As more and more people discover BTCeanie BTCabies, the demand for BTCeanies will increase, while the supply will not.  Ergo, higher BTCeanie BTCabies price, because supply and demand.*


Yes, Bitcoin kills vampires.  Other than that, it's far more inconvenient and far less liquid than normal money.  
And, of course, it loses value like a champ.

*Please understand that BTCeanie BTCabies are a simple substitute for Bitcoin in my arguments.  I use them as a litmus test (or rather a tilde test) to show the absurdity of [similarly structured] Bitcoin arguments.
 

Oh yes, I'm the only bearish poster on these forums, of course, so I'm behind every bearish account. Bitcoin is truly so great that everyone in the world -- except one person -- is totally bullish on it. That's right.

i disagree with you. i believe the 7 year graph here shows a very unstable currency that has a reputation for being used in fraudulent activity such as money laundering and other anonymous criminal activity. as can see in this 7year graph there is a crash after every peak of the dollar. that is volatility coupled with years of federal reserve qe printing causing unstatable currency could crash at any minute and looming bank bail-ins.:

http://i57.tinypic.com/2evrcz8.jpg

Every bear is also a troll, by definition. Luckily, there is only one Bitcoin bear/troll in the universe, and that is me aka falllling aka every other bitcoin bear/troll on the internet. Totally true. Because it's not like the average joes of the world are sceptical towards bitcoin. Not at all. And it's not like 99.999 % of the world's population don't own bitcoin, and will never do so.

The dollar shows less than 20% volatility over the course of 7 years on your chart.
Ignoring the fact that Bitcoin didn't exist seven years ago, its volatility was in the order of 10,000% over just the past 5 years.

Bonus point:  Calculate the relative stability.

Not all trollbears are Faiiiling clones.

Exocytosis obviously has a better grasp of English grammar and spelling then Faiiiling whose malapropisms became somewhat of a local meme.

Trollchop clearly has a better vocabulary than either, despite her difficulties with logic.

None of them can hold a candle to Electric Mucus or Proudhon though. They're witty, entertaining trolls who know how to choose the right moment instead of spamming the forum with boring redundant crap.

BTCeanie BTCabies can not be be transacted with.

BTCeanie BTCabies supply is controlled by a centralized entity.

BTCeanie BTCabies are not fungible

BTCeanie BTCabies are not durable

BTCeanie BTCabies are not divisible

BTCeanie BTCabies are hardly verifiable

I for one welcome our literate bear trolls, Jorge and Notlambchop. Proudhon switches sides too often to really count as a bear troll, and ElectricMucus is just a Bitcoin romantic turned Bitcoin cynic by the greed and general asshattery that became more prevalent in here.

Option 1: They turn out to be right about crypto's failure, and we will one day look back at their posts as wise words of warning. Trollish wise words of warning.

Option 2: More likely, they'll turn out to be wrong, and during the next rally, I will look back at their posts as a source of entertainment (usually), and justified criticism at the time, even if they were phrased to provoke a reaction.

Option 3: none. I don't buy the "anti crypto shill" idea. Trolling is a reward of its own ^_^

this guy says bitcoins early volatility is normal S curve activity: http://www.youtube.com/watch?v=qHUPPYzzZrI

7 years ago on the chart was the runup to the 2007-2008 financial crisis... which eerily starting to look like todays chart.

So what are you implying? ???

Right on. This is why none of them is on my ignore list.

I'm torn between door #2 and door #3 though.

I'm too impatient to wait for door #2 to unfold. I'll enjoy the entertainment now.

As for door #3, trolling is indeed a reward of its own, especially trolling the trolls.

 :D

BTCeanie BTCabies are a store of value, not a means of exchange.  Currently the majority of BTCeanie BTCabies transactions, as is the case with the majority of Bitcoin transactions, are accomplished by converting BTCeanie BTCabies to fiat.


Bitcoin is getting there.  The supply is controlled by a cabal of devs with commit privileges and a handful of pools/megamines.


Bitcoin is not soft and cuddly, what's your point?


BTCeanie BTCabies existed since the 90s.  Bitcoin has been around how long?  


BTCeanie BTCabies are a store of value, not a currency.  No need for divisibility.


Only if you don't know BTCeanie BTCabies.  Experts can tell.  Much easier to become a BTCeanie BTCabies expert than to learn how to use Bitcoin without getting owned--this forum stands as a testament to that.

Of course, BTCeanie BTCabies have many desirable qualities that Bitcoin doesn't have.  For instance, they do not require the internet or a computer, making them much more valuable in the armageddon scenarios preppers/libers like to harp on as Bitcoin's endgame.
Oh, and BTCeanie BTCabies are soft.  Is Bitcoin soft?  Checkmate! :)

But I honestly don't understand how the [alleged] differences you've listed invalidate the quoted post.

How many BTCeanie BTCabies were shoved in a cupboard in the 90s and pulled out years later covered in mold and damp? Bitcoin does not go moldy and damp so it's more durable. Nobody will pay top price for a moldy, damp BTCeanie BTCaby that smells.

And how many private keys were lost, how many HDs with wallets on them trashed, how many Bitcoin boxen hax0rd?
How many BTCeanie BTCabies were lost when the biggest BTCeanie BTCabies exchange collapsed, huh?
Just like Bitcoin, BTCeanie BTCabies must be treated expertly, with love.  Yeah 8)

BTCeanie BTCabies do not qualify as store of value because they lack the following qualities:


A change to the supply required unanimous consensus of the nodes. No "cabal of devs" and centralized miners can force their hands.


http://rlv.zcache.com/reading_is_fundamental_puzzle-r8176a084d6304804b2846d7a73a49ee1_amb07_8byvr_324.jpg

Durability, not longevity.

Beanie babies can wear down and decay with time. Not a very good store of value


No need to become an expert to verify legitimacy of Bitcoin. Just check the blockchain.


In an armageddon scenario no one will care for your BTCeanie BTCabies if they can't eat them. No one needs a store of value during an armageddon.

A huge number of Bitcoins were created in the early days and never seen again.

All of those are user specific malfunctions and not inherent to BTC.

http://en.wikipedia.org/wiki/Beanie_Babies

Counterfeiting : impossible with Bitcoin

You clearly don't understand what "store of value" is.  Suffice it to say it's not a binary value.  If you would like to learn more, start here:  http://en.wikipedia.org/wiki/Store_of_value

Longevity is a defining quality of durability.

http://s27.postimg.org/453fpl043/reading.jpg

Good point.

They're inherent to Bitcoin.  You lose the private key, and it's gone.  Why does this even need to be stated?


But that's a moot point when an average Bitcoin user is easily parted from his coin by any Nigerian prince with a laptop :-\
No intelligent and attentive BTCeanie BTCabier could have fallen for forged BTCeanie BTCabies.
Just like no intelligent and attentive Bitcoiner would have lost coin on web wallets or on an amusingly-named exchange.

"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone." -Satoshi Nakamoto

FTFY

Why are you here then?

Are BTCeanie BTCabies, like Bitcoin :

Dust resistant
Fire resistant
Rot-proof
Rustproof
Thermal resistant
Impact resistant
Waterproof

https://ip.bitcointalk.org/?u=http%3A%2F%2Fs27.postimg.org%2F453fpl043%2Freading.jpg&t=546&c=s7fzlBwkKq4shQ

Beanie Babies can deteriorate independent of the actions of its owner. Bitcoins can never deteriorate. Sure the owner can lose its private key but that is entirely dependent on them. Any store of value can be lost, misplaced, misused or stolen.


But that's a moot point when an average Bitcoin user is easily parted from his coin by any Nigerian prince with a laptop :-\
No intelligent and attentive BTCeanie BTCabier could have fallen for forged BTCeanie BTCabies.
Just like no intelligent and attentive Bitcoiner would have lost coin on web wallets or on an amusingly-named exchange.
[/quote]

No one can be sold fake BTC.

http://s14.postimg.org/l33x8e7zl/Capture.jpg

Very smartitude.  Such brainiosity.  Wow.


You really don't know how to read, do you.  Here, from the link I've provided:

http://s28.postimg.org/z6jpmiyf1/Capture.jpg

Notice Bitcoin is IN THE LAST PLACE :D

Notice BTCeanie BTCabies are nowhere to be found   :D

If the order matter, then... does that mean cocaine is a better store of value then stocks  ???

^See "collectibles."
Re. blow:  If we're talking Bitcoin-denominated stock, f8ck yeah.

that we are still in the price finding mode for bitcoin..
that we have not reached the point in the S curve of parabolic for bitcoin ..
and that the us economy is still on the edge ..
that the paper fiat usd 'in god we trust' the federal reserve to print money has been a failure..
that we cannot trust an invisible god with our currency ..
that science trumps 'trusting in god' to print our money.

This failure is working just fine, thanks.  Used everywhere on the face of the Earth.
"In God we trust" is just a truncation of "In God we trust, everyone else pays cash."
So nao U know.

because there is no alternative.

I was with you until you started blaming God for his name being misused.  It is the fallibility of men that is responsible for the troubles in our economy.  "In God We Trust" is a lie told in an attempt to bring some legitimacy to an obvious ponzi.

The fiat system is still holding up on lies.

^A little sad 'coz ur boss Bitcoin investment didn't fly u to da moon like they promised?  Awww...

http://s29.postimg.org/rvp2q3vuf/okpink.png

ftfy

http://i664.photobucket.com/albums/vv10/JimboToronto/ty-my-little-pony-twilight-sparkle-beanie-baby-soft-toy.jpg (http://s664.photobucket.com/user/JimboToronto/media/ty-my-little-pony-twilight-sparkle-beanie-baby-soft-toy.jpg.html)

Lol, there's another thing you don't quite grasp, grampa #2.  Ty Corp profits no more from lost BTCeanie BTCabies than Satoshi profits from lost Bitcoins.
It's ok tho, I understand that senility exacerbated by erectile dysfunction pill addiction is a legitimate disease, and nothing to poke fun at.
Continue sharing your wisdom, valid elder :)

LOL 

Ty certainly profits if the lost doll is replaced with a new one. Whether or not it's as much as Satoshi profits from lost bitcoins is debatable.

As Satoshi is generally seen as the holder of the most bitcoins and the lost coins increase the worth of everyone else's coins, it only follows that Satoshi should profit the most from lost coins.

Logic isn't your strong suit, is it?

Grampa #1, there are so many things you no longer understand.  I'll refresh your memory.  Write this down on a scrap of paper or something.
Like Bitcoin, BTCeanie BTCabies use artificial scarcity as a marketing gimmick.  Like Bitcoin, BTCeanie BTCabies are irreplaceable.

Of course, you can buy other, different BTCeanie BTCabies, just like you can buy other, different digital currencies (see: altcoin section), but you can't replace a BTCeanie.  No sir.

Now stop posting on Tadalafil before you burst your blood-engorged brain >:(

well you see the usd did not say "in god we trust" until the federal reserve took over the us dollar.
before the federal reserve took over we had a gold backed dollar that said: ‘E Pluribus Unum’ translates as: “from the many are one”
we went from a working currency backed by gold with hive saying to trusting in god for the federal reserve to turn usd into and print fiait
it's not that i am blaming 'your god' for anything, or that i don't believe in any gods,..... it's just that i don't believe in 'your god' ..
the inspiration from 'your god' to turn the usd into a fiat backed by debt and printing more and more of the stuff is a *FAILED* experiment.
it's like an alcoholic who has not accepted that he is an alcoholic yet so he stays an alcoholic and keeps drinking abusively..
"in marilyn we trust"

Educate yourself:  http://en.wikipedia.org/wiki/History_of_the_United_States_dollar

Because Janet Yellen and Lloyd Blankfein pay me to shill on behalf of the banksters. They view Bitcoin as a serious threat.

Yea okay bitcoin as a serious threat when it cost half a million dollars per day in electricity just to create these worthless coins lmfao!
Trust me the banks aren't worried or they would have already crushed bitcoin. They rather steal the good ideas and innovation that comes from this illiquid penny market! Now payment processors/money transmitters are a different story

Theoretically an entity could steal the technology since it's a free software and launch a new Bitcoin.

Yes but you missed a very important detail: security. As far as I'm aware, during that period of time, you didn't wake up everyday to a different price for a loaf of bread. The Dollar can fluctuate but you still have the security of being able to buy the same amount of food for the same amount of Dollars (at least over a reasonable period of time). With Bitcoin fluctuations, you could wake up some day where, the BTC you hold is not enough for a loaf of bread even though, it was more than enough at the time you went to bed. Bitcoin is a commodity that derives its value from real money.

One: the fabulous inventiveness of User Names makes reading worthwhile.

Two: there's a theoretical misapprehension about 'volatility' that I wanna clear up:

why is it not clearly understood that when a fiat currency simply goes down and down and down in price -- albeit over time -- that that's not a form of 'volatility'?

It's a strange strange logic that holds that it's bad for a currency (in its very infancy, under constant attack by banks and governments) to go up and down in price; but it's okay for a currency to . . . just go down!

Mark (IndiaMikeZulu), Australia

When was the last time you bought some gasoline?  Those volatile prices are in USD.

Bitcoin's current volatility is due to low market cap.  It allows the wealthy to heavily impact price.  This will be the case for any currency or commodity that is not forced into rapid adoption by law.  As market cap increases, volatility will decrease.

Well gasoline isn't exactly a basic need, the food you put on the table every night for dinner is. A basic need can be defined as that which is essential to sustain life.

Market cap doesn't have any bearing on Bitcoin volatility, it's just an estimation of the combined value of all Bitcoin in circulation. I think what you mean is mass adoption, the greater the number of people that use Bitcoin, the more stable it'll be. But that just brings us back to our original problem, people need Bitcoin to be stable before they go all in and Bitcoin needs more people to increase its stability. It's not that easy to achieve a stable value, else it would've already been done/attempted. You'd need to have a system in place to absorb dumps and prevent huge spikes but then that would mean somebody would have to be in control. One of the perks of Bitcoin is that it is not under the control of any individual or group.

The other thing that makes Bitcoin a little scary is that in its current form its well-being largely depends on trust as there are no laws to prevent any individual or group of individuals from owning more that 50% of the network's hashrate.

ok which part of this did you miss ??? ::


it will stay volatile until it completes the S curve and finds it's price.

People still are hesitant to use Bitcoin. At least a lot of people are. You can clearly see how much money has entered the Bitcoin market, well at least you can make some estimates. And even if those estimates are way off, it's apparent that there's still so much more room for growth left! Than single fact makes me very optmistic!

On the beanie babies:

were beanie babies ever recognised as significantly valuable outside of the US? Or tulips outside of the Netherlands for that matter?

Seems like Bitcoin is recognised by at least like-minded people everywhere in the World. This is a clear indication that the motives behind toy adoption and crypto adoption are not exactly comparable. Right?

Sorry for responding to someone who most of you probably think is a troll but we lack a bit quality bears. :p

I even remember a very small shop entirely dedicated to the sale of Beanie Babies. It was crazy! That shop was rather small, but imagine a shop which sole purpose was selling those stuffed little animals - which had a potentially infinite supply of themselves.

Duh!  Of course BTCeanie BTCabies were, and are, recognised as significantly valuable the world over.  
As we speak, shadowy banking cabals are secretly accumulating BTCeanies in a sinister ploy to control the world's BTCeanie supply.  No different from what they're doing with our Bitcoin.

Ignore the banksters' mass media lapdogs and popular press provocateurs--First they ignore us, then they laugh at us, then they fight us, then we win!


*You must be new here...

>not heard of BTCeanies
>french

That's why you've been losing cultural significance since the turn of the last century :-\

I didn't miss anything  :P If you look carefully, I'm addressing that specific comment you made, not the ones that came after it. Your graph shows the Dollar over time and we're talking about Bitcoin. The Dollar is a currency, Bitcoin is a commodity, the two evolve along completely different paths.

I had a look at your youtube link, I'm sorry but the guy has no idea what he's talking about. I understand the S curve but his analogy with the rats is way off. His prediction with the rats maybe close enough but it will not work for Bitcoin. The reason is simple, his scenario with the rats depicts adoption borne of necessity. Bitcoin is by no means a necessity, adoption rate is dictated by completely different variables  ;)
 

some people in this world are hopeless...

Depends on which phase you think bitcoin is in.
If it still has not reached mass adoption, we are early adopters.

Early adopters is a marketing term and refers to the five groups of adoption. By numbers, we're still innovators, still no more then 2% of the possible users use it, and the first 2% are innovators.

Sound argument.
And if you buy BTCeanie BTCabies today, you would also be an innovator.   Because "still no more then 2% of the possible users use [them]."
Don't miss this golden opportunity to buy in on the ground floor before the price spikes again.  If your Bitcoin doesn't work out, you'll have BTCeanies to fall back on.

  ~Happy Investing!

When will you realize how retarded it is to compare beanie babies with actual disruptive technology? you can repeat it all day and it will not become true.

FTFY

The particular blockchain (Bitcoin) you have "invested" in is not the technology.  It is one of the infinite possible blockchains (CloneCoins).

  ~Happy Investing!

When the number of users for a clone coin matches or exceeds Bitcoin + when the market capital of a clone coin matches or exceeds Bitcoin + when the amount of venture capital invested in a clone coin matches or exceeds Bitcoin, then perhaps we can discuss the potential reality that another coin could overtake bitcoin.  We are a long, long way off from that conversation.

Happy Trolling!

^
You have mentioned "disruptive technology."  I took the time to explain to you that if anything, the Bitcoin protocol may be described as a "disruptive technology," but not bitcoins themselves.

Since Bitcoiners enjoy comparing Bitcoin to the internet, by "investing" in bitcoin(the unit) you have invested in a block of IPv4 addys, nothing more.  So nao U kno.

Why not invest in something you do understand, like the revolutionary, game-changing, paradigm-shifting BTCeanie BTCabies?

  ~Happy Investing.

Then why are you still here

It is possible to have a decent competitor to Bitcoin but there is none right now.

Bitcoin is well set up and its network is building.

Because troll

The early adopters would be those who got into bitcoin before it hit mass media. Which is before mid 2012, i suppose?

The days when you could just shout down dissenting posters who refuse to pump this scheme are over.
Your gravy train ride is over too.
Last stop, gentlemen.
Everybody out.

http://upload.wikimedia.org/wikipedia/commons/1/19/Train_wreck_at_Montparnasse_1895.jpg

Troll Spotter: Obscurebean is a troll. Just put him on ignore. You can't argue with a troll. They are only here to spread FUD and you waste your time trying to persuade those who aren't here to be swayed

Of course it should go without saying that exocytosis and notlambchop are also serial trolls