Bitcoin Forum

It exhibits both great advantages and disadvantages.
On one hand, it's the most wildly accepted coin.
On the other hand, it takes great time for transferring and confirmation of BTCs, which makes it so cumbersome compared with newly coins such as Xrp.

What do you think about BTC?
Will come a promising future or just die in peace in the end?

Post your opinions, guys. :D

As long as BTC could exchange with USD,
it has the future.
Or  8)....you know.. 8)

After mtgox has adjusted self. This will get better as mtgox is confirmed as no LR.

I don't think that bitcoin will be the best currency ever and replace USD.
I don't think that bitcoin will die.


It should be something in the middle :)
It will be used by a few people, have high volatility, and be used on internet.

They need to adapt it to current times. I don't think it will remain a successful currency. Either piggyback all the blocks with a fast confirmation portion tied into the key which would speed up transactions and make it more volatile. Or its better option, be the inlet/outlet to fiat and make it a successful backer/reserve to other ecurrencies.

Its the best bet at this moment to be the biggest crypto currency simply because of its popularity. VHS vs Beta-Max. It may not verify quickly but nether do many forms of payment ie chargebacks - payments that don't verify for months.

It needs depth of market with market makers as in current forex market to become mega. The volatility is keeping a lid on it but it is still very early days.

What the hell are you talking about?
What percentage of the global points of sale accept bitcoin?
can i buy my food in bitcoin?
Can i pay my rent with bitcoin?
Do i get payed in bitcoin?
At the moment bitcoin is a niche at best.

i'm sick of all these posts about transactions/confirmations taking too long. every time i've sent or received BtC i've always seen the transaction appear within a few minutes. you effers are too impatient. pretty soon something faster than ftc/ltc will come along and you'll say that theyre too slow now too. 

And what if the price falls?

I think he was aiming at that it can be bought or used in any country.. but that applies on payment services like visa as well so u are very much correct, his statement made no sense  ::)
On second thought, he ment most widely accepted of all crypto currencies..

Bitcoins is like Paypal in the early days, not many merchants using it.  It was new, it was scary, it was complicated.  Sounds like the exact same reason people aren't using it today....

XRP is not really a contender as it can be shut down at a moment's notice.

Bitcoin doesn't suffer from this although the bitcoin exchanges are central points where the "authorities" can clamp down with their self-serving agendas.

XRP was invented by banksters because they cannot rule BTC so they decide to create and premined tons of their own shittycoins and now they lure people on simplicity of using XRP. But users and people are not blind and can see through this banksters scam.
XRP are cripple coins and they are trying to rip you off your money through new banksters lie. I dont trust them when they have money from Goldman Sachs. At first place they always think about their own personal enrichment and their sallaries.
Why should I trust XRP when history and current situation clearly shows that USD or EUR cannot be trusted and XRP is just another weak substitution for paper money? Why I should use their ripple net when I can use btc directly or use other coins?


Upcoming end of today's banknotes (Everything has been here already)
Sweeping up in 1946 after the hyperinflation of the Hungarian pengő. Source: Wikimedia
http://upload.wikimedia.org/wikipedia/commons/0/0e/Inflaci%C3%B3_utan_1946.jpg

on 1 August 1946, the Hungarian forint was reintroduced at a rate of 400 000 000 000 000 000 000 000 000 000 (400 octillion) = 4×1029 pengő,

History repeats itself and the days of hyperinflation will return. Buy bitcoins now when you can buy them for less than $100 a coin.

I read on MtGox that they have withdraw limits... are these unlocked at a later date or permanent? I agree that BTC:USD exchange availability is significant to BTC's survival.

If history teaches anything, it is that government cannot be trusted to manage money. When currency is not redeemable in gold, its value depends entirely on the judgment and the conscience of the politicians.

Couldnt agree more with the last comment, history has proven, that governments cannot be trusted controlling the monetary system.  It will take an age for the 'masses' to wake up and put this realisation into action. 

Sadly, people are like robots, the vast majority are happy to bitch and moan, yet dont rock the boat for fear of tipping the boat over.

Maybe it will take a massive blowout of epic proportions that sends btc through the sky.... and that amigos, is something very plausible...  ::)