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Author Topic: If BTC makes it 10 years I think it would officially have "made it"..  (Read 1861 times)
jacktheking
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November 11, 2015, 04:35:16 AM
 #21

I never think that Bitcoin is ponzi. I am also not sure why others think Bitcoin is ponzi. Hopefully their views will be changed by 2020.

I'd think after year 10 it would be time to throw a huge party.

Okay. I will be waiting for your virtual party. I am sure many others is going to join the party.

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November 11, 2015, 05:29:35 AM
 #22

Well BTCitcoin was never a ponzi so it won't happen any time soon or rather never ever in a million years ...it's been 7 years and day after day it gets improvement of some sort... The thing is putting years into basis of something that has made is not right, but putting the basis on how it works should be the right thing to do and how has affected the world so far so in that matter it has been long time that "made it"

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November 11, 2015, 06:03:30 AM
 #23

It should be how good it is for the past years.
Why? How? and What? not When?
Those are the real question that needed to prove that bitcoin made it. It is just bad from the past but it is getting better now. And I think Bitcoin will achieve more good things and those bad sides will be put in a sealed box forever.





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November 11, 2015, 06:18:04 AM
 #24

If Bitcoin was a Ponzi, it would have been the most successful one out there. Just imagine that, a Ponzi with $1 Billion VC investment and used as a currency and accepted by more than 250 000 merchants world wide. The Ponzi has also been so successful that mayor banks are trying to copy it.

When the ignorant people pushing this Ponzi nonsense wake up, they would have missed the boat. ^hmf^   

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November 11, 2015, 09:57:08 AM
 #25

Can you imagine the hype in the news when Bitcoin becomes 10 years old, 15 years old, 20 years old!?
No one will be able to call it a ponzi scheme anymore. They won't be able to call it a passing fad.
The 10 year anniversary is going to be huge for Bitcoins credibility.

(I am a 1MB block supporter who thinks all users should be using Full-Node clients)
Avoid the XT shills, they only want to destroy bitcoin, their hubris and greed will destroy us.
Know your adversary https://www.youtube.com/watch?v=BKorP55Aqvg
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November 11, 2015, 10:02:43 AM
 #26

Can you imagine the hype in the news when Bitcoin becomes 10 years old, 15 years old, 20 years old!?
No one will be able to call it a ponzi scheme anymore. They won't be able to call it a passing fad.
The 10 year anniversary is going to be huge for Bitcoins credibility.

Exactly, and that would answer all the critics who have pointed fingers on bitcoins everytime, it would be answer to press and media who always spread the negative news related to bitcoins, 10 year celebration would answer them all and the best thing would be that they will get their answers not by exchange of words but only by the standing tall position of bitcoins  Cheesy
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November 11, 2015, 10:03:37 AM
 #27

Just my personal opinion on the matter..

I mean people still like to compare BTC to a ponzi -- well some of the bigger ponzis I've seen make it around 5 years before they start to fall or bust completely.

I'd think after year 10 it would be time to throw a huge party.
Comparing bitcoin with ponzi is completely wrong. I think bitcoin is virtual reward currency with self sustaining blockchain technology. As bitcoin is being adapted by several merchants we can call it global virtual currency.

.

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November 30, 2015, 04:09:14 PM
 #28

Just my personal opinion on the matter..

I mean people still like to compare BTC to a ponzi -- well some of the bigger ponzis I've seen make it around 5 years before they start to fall or bust completely.

I'd think after year 10 it would be time to throw a huge party.
Comparing bitcoin with ponzi is completely wrong. I think bitcoin is virtual reward currency with self sustaining blockchain technology. As bitcoin is being adapted by several merchants we can call it global virtual currency.

Have a nice ring in it. "Global Virtual Currency" i love that.  That could be awesome. From my experiences I have profited from bitcoin and used it as my emergency cash. Yes i have used it so many times without spending something. For those who wants side jobs earning thru bitcoin is better





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November 30, 2015, 04:14:05 PM
 #29

Well I'll be joining in the party if this actually happens

I actually truely believe that this is possible.
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November 30, 2015, 04:42:33 PM
 #30

a ponzi is a scam bitcoin is not a ponzi, it really is something new and unique, weather or not it is the leading crypto currency in 10 years is debatable ......
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November 30, 2015, 06:57:18 PM
 #31

it's not about time only, it's about adoption, as i see it, if 1B people or 100M-1B people around the world begin to use bitcoin, we can say that bitcoin made it already, and it was a success otherwise not so much

i would say that it is remained a niche market

It only takes a small amount of people's wealth to be put into Bitcoin to start raising an alternative economy that will not be part of the actual GDP as seen by goverments, we can grow an entire alternative world of money. It takes a small % of every person using it to make the price go high as the sky, if you do the simple math you will see it. When it's all said and done it all comes down to supply and demand and supply will keep getting shorter as demand grows.

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November 30, 2015, 11:37:18 PM
 #32

Bitcoin had already hit it's mark in history but can it stain it there that's the question.
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December 01, 2015, 12:14:52 AM
 #33

Anyone holding 1 in a million amount of coins in 10 years will be rich (that means 21 BTC, technically less since some coins are over forever shrinking the supply even more). Don't say you didn't read this back then.
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December 01, 2015, 01:22:25 AM
 #34

Just my personal opinion on the matter..

I mean people still like to compare BTC to a ponzi -- well some of the bigger ponzis I've seen make it around 5 years before they start to fall or bust completely.

I'd think after year 10 it would be time to throw a huge party.

Bitcoin has grown hugely in the past 2 years.
It only doesn't seem so because it didn't enter mainstream yet, but it's spreading hugely into infrastructures and finance world.
End 2013 it was still a thing for nerds and anarchists, from 2014 up to now it entered the world of large stores and finance, almost 1 billion $ has been spent on infrastructures for Bitcoin. And banks are now scared of it.

Now there will be the battle: first was ignoring, then derision, now it's time for battle.
Banks won't drop the game easily.
But my opinion is that if Bitcoin makes it for 2020, it will become global before 2025.

There's an interesting interview with Bitcoin evangelist Antonopoulos here, it would put peace into your heart if you read it Cheesy

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December 01, 2015, 01:32:59 AM
 #35

remember that the media puppets can make up lies for the government and the population will swallow it...
when someone uses a gun and kills someone everybody blames the gun and not the person.... same can be done with bitcoin..

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December 01, 2015, 01:38:13 AM
 #36

I think 10-15 years is the make or break mark. The first ten years is the easy bit. Transactions in whatever form they are will have to rise or the falling block reward is going to cause mining to falter if values aren't on the up. The ideas it has fostered will live on forever but if it's still effectively nowhere by 2024 I think Bitcoin itself will be on its way to fading away.  

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December 01, 2015, 01:46:17 AM
 #37

If Bitcoin can make it 10 years that will show there is a trong community behind it, and it will likely not fail anytime soon. At 20 years, if Bitcoin is still talked about like it is these days, I would say we have officially "made it". If there is still a strong community after those 20 years, it likely means that Bitcoin is now a huge thing and is destined to stay around for a long time. The challenge now is making more good publicity for Bitcoin to make sure we can reach the 10 year mark.














 

 

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December 01, 2015, 07:50:00 AM
 #38

it's not about time only, it's about adoption, as i see it, if 1B people or 100M-1B people around the world begin to use bitcoin, we can say that bitcoin made it already, and it was a success otherwise not so much

i would say that it is remained a niche market

It only takes a small amount of people's wealth to be put into Bitcoin to start raising an alternative economy that will not be part of the actual GDP as seen by goverments, we can grow an entire alternative world of money. It takes a small % of every person using it to make the price go high as the sky, if you do the simple math you will see it. When it's all said and done it all comes down to supply and demand and supply will keep getting shorter as demand grows.

in either case bitcoin, need to sucks a portion of fiat, a big portion, if you want the value to be really big in the future

so fiat in the end will partially collapse or reduced greatly in power and more worthless
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December 01, 2015, 08:34:29 AM
 #39

Well I hope you realize that you'll be celebrating nothing more than an assumption. The exception to this would be if Bitcoin has found its place in the world and is no longer the rebel it currently is. Right now Bitcoin is like a righteous naive teenager who thinks he/she can solve the world's problems. That's what all teenagers and every new generation think when they first meet the world, the reality check comes later.
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December 01, 2015, 08:45:24 AM
 #40

Hmm is maybe less than 5 years and I think that bitcoin have made it already.
The only thing to do now is that all of the people need to know about bitcoin.
And than I Bitcoin just ultimate made it.

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