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Author Topic: What is most important?  (Read 512 times)
t.hamilton
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February 03, 2013, 02:58:21 AM
 #1

What will make bitcoins move forward? 
   -demand
   -transparency
   -a viable market

Seriously, why are we here today?
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Driice
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February 03, 2013, 06:43:08 AM
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A market. I found the gawker article on SR through StumbleUpon. That's how it all began for me.
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February 03, 2013, 06:55:31 AM
 #3

What will make bitcoins move forward? 
   -demand
   -transparency
   -a viable market

Seriously, why are we here today?

Definitely a market, though I'm not sure what you mean by "move forward", and how that would be a result of demand rather than the cause of demand. Bitcoin is already 100% transparent.

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itai3856
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February 03, 2013, 07:33:54 AM
 #4

a market ofcourse and demnad related to the market i guess

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February 03, 2013, 07:51:29 AM
 #5

Not just *a* market though, what we need are local markets where face-to-face transactions are the primary interaction.  You can already buy many (most?) things you might want with bitcoin on bitmit and elsewhere online, but we don't go grocery shopping on the web (or at least most people don't).  I need to be able to walk around town with just btc in my pocket and know that I can get a sandwich for lunch, a newspaper, and a beer after work without worrying about who's going to accept it or have to convert it to USD for a fee at the point of sale.  Internet transactions can do a lot for bitcoin, but it's the day-to-day transactions in the places we live that could make bitcoin universal.
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February 03, 2013, 08:27:35 AM
 #6

It's a good sign that such questions are asked.

The trasparency of Bitcoin might not seem so obvious for the general public, but the traditional money management, with banks and regulators, is not transparent either.

But people use paper money anyway. It's considered a tool doing business and buying what you want.

Bitcoin demands a different level of understanding of the concept of money. Bitcoin is a statement as much as it is a medium of exchange.

Don't underestimate it's value as an educator. For people to understand Bitcoin, people have to understand what all money really is. So it's a political statement also.

If we just consider Bitcoin for it's practical values as a medium of exchange, with it's obvious advantages as low fees, instant transfeers, pseudo annonymity etc, makes Bitcoin is neat but not brilliant.

The most important criteria for Bitcoin evolution is not the market implementation, it's the statement about a free monetary system in the hands of the people.


 
 
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