Why Bitcoin Is Going to Succeed: The Reason Nobody Is Talking About

[CryptoCoinSolutions]

Shit my bad, up way too late.

http://www.youtube.com/watch?v=mD4L7xDNCmA

You had "brained" it into the post though ... :-)

[ISAWHIM]

It will succeed simply because crap obtained by fear and force of the few upon many, is nothing compared to what is obtained by want and desire of many from the few.

It is the Ohms law... The path of least resistance is where everything flows freely in volume. High resistance is the point of failure, where excessive losses occur. (Restrictions)

It is the law of nature... What is mine, is mine. Go get your own shit. If I wanted help, I would have paid you for it, voluntarily. (Taxes)

It is the law of chaos... The more you attempt to control it, the less control you have on it. The more you allow it to grow without control, the more it controls you. (Freedom)

It is the law of internet... ZOMG, WTF, TYSM, ILU, LOL, STFU, GTFO, TMI, L8R!

Oh, yea, and because there is no board of CEO's draining its value too.

[CryptoCoinSolutions]

It will succeed simply because crap obtained by fear and force of the few upon many, is nothing compared to what is obtained by want and desire of many from the few.

It is the Ohms law... The path of least resistance is where everything flows freely in volume. High resistance is the point of failure, where excessive losses occur. (Restrictions)

+100 and "Yup".

[timmmers]

A very logical post in a bitcoin forum. I really don't understand why there are so many people in bitcoin forums wailing about how its going to crash and burn, like the one now quoting some guy I never heard of who's respected in the finance world saying BTC would be 10 dollars this year? What does he know about BTC really apart from what he's picked up or read? IT's like people wish to fail?

3 months ago no-one I know personally knew much at all about BTC, but when I go for a pint tomorrow in my local I'm sure at some point someone will want to talk about it...normal people, non techies. That's good, more people seeing how it could benefit them in many different ways.

As for companies adopting BTC and that swinging exchange rate, Bitpay helps there and others will pop up. I can''t help thinking that a really large sector could push bitcoins right into the public eye though, one with no reason to worry about the swings. Charities. Quick, no fees, a lot of people with fairly large value stacks of funds they never really expected to have and more of an ethical stance than the average bear to draw on as supporters? It seems ideal for fund raising for charity to me. They have nothing to lose at all, yet the exposure bitcoin would get by being associated with charities..that smells nice to me. Would you run a charity branded USB eruptor to mine for kids in a hospice? I bet a lot of folk would, and I bet the press would like that. A great use for all that old kit.

Bitcoin hasn't even warmed up yet IMO. This time next decade we'll be millionaires Rodney

[brush242]

I haven't read the entire thread yet, but I started one called "Economic Idiocy" that had some interesting posts.

One thing I am interested to see, should it come to pass, is what many of the present supporters of BTC will say once they start to see their beloved gov't programs (guns or butter, public schools or Section 8, either side, it doesn't matter) become threatened?

We have always had those that are for fiscal conservatism or social liberalism or whatever, then they say "but, when it comes to (insert their favoured pet BS gov't program here), we have to...".

THAT is what I find to be the biggest threat to cryptocurrencies. Get the uneducated masses riled, and who knows what will happen.

[bitrider]

I haven't read the entire thread yet, but I started one called "Economic Idiocy" that had some interesting posts.

Not really. Very sad and useless thread 

THAT is what I find to be the biggest threat to cryptocurrencies. Get the uneducated masses riled, and who knows what will happen.

This is not actually a threat to cryptocurrencies or bitcoin success. It is one of the possible untended consequences of a crypto/bitcoin future. Massive disruption of underlying social and economic structures is always messy and often violent.

As this thread OP points out, the crypto future is certainly coming - and seems faster than most of us expected. How we move through this transition and beyond will be an amazing thing to watch. A great historical shift. Utopian, dystopian,  or more likely, some wild combination, it is going to be interesting and the world will look very different because of it in a decade or maybe two.

[brush242]

Not really. Very sad and useless thread 

Meh. To you maybe. Several rocket scientists in there demonstrated my point quite nicely.

This is not actually a threat to cryptocurrencies or bitcoin success. It is one of the possible untended consequences of a crypto/bitcoin future. Massive disruption of underlying social and economic structures is always messy and often violent.

As this thread OP points out, the crypto future is certainly coming - and seems faster than most of us expected. How we move through this transition and beyond will be an amazing thing to watch. A great historical shift. Utopian, dystopian,  or more likely, some wild combination, it is going to be interesting and the world will look very different because of it in a decade or maybe two.

This, is quite true. Using massive generalizations, this will be the first time people will be able to earn and trade their money without the gov't knowing or being able to tax it. Doing so will likely involve breaking some laws, but we shall see. I look forward to it as well. 8^]