100-fold in 10 years isn't even that good. Much less disruptive companies have gained way more than that over the years.

The thing that most people on this forum are not getting, is that just because something is on their phone, doesn't mean people will use it. Especially if it's money that they don't understand. And it's not like it's difficult to create a wallet now; the hard/annoying part is obtaining the bitcoin itself. Having wallets on phones won't change that.

I think people will be very disappointed with the results of putting wallets on every phone, unless there are many other steps taken to ensure that people know and trust bitcoin, and it is easier to obtain.

there's OKcoin but not too sure how they work

In fact this particular picture is worth exactly 11 words.

so is the total number of "usable" bitcoins, assuming none are lost to accidents, 20,999,950 instead of 21 million?

I want to make clear that I didn't switch from xmr to dark or dash or whatever it's called. I still prefer xmr to dark/dash. But just as bitcoin has weaknesses that many are not willing to admit, so does xmr or dark/dash. If there is a possibility of having a "perfect currency", we, as humans are currently far away from that, I think.

@kazuki: You can continue your ad hominem attacks. That just reflects your own lack of ability to think critically and accept new information. If you even tried to look into my history, I've made 0 posts in the dark/dash threads, and many posts where I believe xmr has a positive future, as well as some concerns regarding xmr. If you continue to think I'm some sort of a hidden paid commenter for dark/dash/bitcoin, go ahead. That's your own choice. But that attitude will eventually cause you to miss a lot of potentially valuable information simply because you dismiss content based on the author of the content, rather than the content itself. Oh well.

I just read toknormal's post, and it makes a lot of sense. Personally, I preferred xmr, but toknormal makes a lot of good points that I kind of intrinsically thought were xmr's weaknesses but couldn't put it to words.

collector items are usually something you can show to others. For example, you can't really collect a secret that Einstein shared with your great grandfather and passed down to you. There's no verifiability and you can't really show it to anyone.

Pretty much the same with these addresses. I mean I guess you can "show" you have access to it by sending some bitcoins to someone's wallet from that address, but that's not really showing the item itself.

I think bitcoin can't have a small price and be a TOP TEN CURRENCY. How do you define top 10 currency anyway? The easiest way I can think of is market cap. 21M * 500 would obviously not be in the top 10 currency in terms of market cap.

I'm not saying bitcoin cannnot survive with a low value, I've written about this before, and you've commented after my post as well. I think it's quite possible that bitcoin's price remains low yet there's a niche group using it.

I wouldn't call it mainstream, though.

How about satoshi takes out the dust coins, and make the genesis key public?

I think no. 1 and 2 are pretty much contradictory by definition. It's impossible for both to happen at the same time, due to the maximum limit on the number of bitcoins in circulation.

No.1 and the rest are also pretty much contradictory.

The stupidest question ever in the world, sorry in advance guys.

But what does the genesis block have to do with coinbase (the company?)?

I'll only charge satoshi $7.99 + GST/PST/VAT/whatever other taxes applicable + shipping and handling to take it off his hands.

Nothing to do with the price. Even if bitcoin goes to 10,000,000,000 USD per coin, I know for a fact my grandparents won't use it. They still don't know how to use the computer. Every time I use it to watch a drama or play a game, my grandfather would be like "that's good, computers are very important these days, you need practise to get good at using it".

He thinks it's like driving a car or tennis, something that needs practise. I feel guilty and tell him it's not the case, watching a video online doesn't help make you "good at computers", whatever that means. But he just doesn't believe me. He thinks based on all his years of experience, everything in the world needs practise. I'm just not old enough to understand yet.

They're not the exception. There are many people like them. And there are many more who may have learned how to use a computer since they were younger, but are the same type of people as my grandparents; they will not understand future tech, and choose not to learn it. I suspect bitcoin will be one of these things. The only way to get many people to use bitcoin is if it's the only choice. As long as they can still live life the old way, they won't change.

What collision? I have no idea what you're talking about. I said close to 0%, I didn't say exactly 0%. I would say it has a slightly higher chance than winning the US powerball, or euromillions, for example. But you're not gonna convince me to use bitcoin unless I personally have some very big benefit in using it over government money. And I'm a bitcoin "believer". I just don't see people mass switching to bitcoin for a 0.5% saving over credit cards or whatever. Too much hassle. And we're not even at that point yet.

I can see myself using bitcoin if for example my bitcoins' value skyrockets, and by trading my bitcoins directly for a mansion/lambourghini etc it will be somehow beneficial in terms of taxes, since it's an asset or whatever. But if I was a late adapter, when bitcoin is already on the moon, I wouldn't bother with it unless no one accepts fiat anymore. And that will be very hard to achieve when governments enforce their fiat money on companies in their territory

I would say the chances of success, in the sense that the world uses it like a currency (like usd or rmb or yen right now in their respective countries) is close to 0%. By close, I don't mean 1% or 2%. I mean 0. something.

The chances of success, in the sense that bitcoin or some blockchain survives is probably at least 50%, maybe even 60-70%.

The chances of bitcoin's price going waaaaay up in the case that bitcoin survives, is probably something like 60-70%*.

So I would say the chances of bitcoin succeeding (i.e giving us a return, screw those libertarian ideals) is 60-70% * 60-70% = 36-49%.


*It seems possible for bitcoin's price to remain relatively low (2 or low 3-digits) and only used by a niche group of companies/people for whatever reason say remittances or whatever, and said bitcoin companies are still profitable (for a VC). I am pretty sure VCs aren't betting that bitcoin will be used as a global currency in the future. They must've taken into consideration the outcome that bitcoin survives and brings a certain amount of economic activity without going completely mainstream, and I bet to them this scenario is likely.

*speaking for them*: Just change the poll such that the answers are either 0%, 0%, 0%, impossible, or no way in hell.

Not only a lack of vision, but a lack of reading comprehension, a lack of critical thinking, and a lack of arithmetic ability (not even qualified to be mathematical ability). 

I think many of the smartest folks are a bit more long term than that. Those who will abandon bitcoin when the price reaches double digits are mostly people who made 0 contributions to the system and don't really matter anyway. There will be enough people who will replace them in the next rally.


Correction. I HOPE that's the case.

I would've voted for 0-100%, but since there was no such option, I just voted 40-60% since I wanted to see the results.

You see, I'm no market analyst so I have no clue what will happen. You guys can mentally remove 1 vote from 40-60% i guess