 |
March 06, 2013, 07:30:44 AM |
|
consumers that actually spend it, and merchants that actually accept it. in short, ubiquity.
I have heard BTC being referred to like a "store of value" currency such as gold, but gold is tangible. king tut's mask is made of gold, it is malleable, beautiful, a good conductor. it has intrinsic value. BTC needs to be used for it to evolve out of the geek-hobbyist thing it is now, despite the recent crazy performance it has seen. I really feel strongly that unless BTC is used widely, it will ultimately fail. but ofc it is an experiment, so fail is maybe the wrong word. If you don't use it you will lose it, that's my belief.
What it needs is a third party service that goes between the merchant and the consumer and manages all aspects of monetary transactions. I know this is unnecessary for BTC oldfags who understand how it works, but the reason fiat works as well as it does in terms of user trust and loyalty is, you don't have to know nothing to use it. I guess BTC for dummies is already taken, I would call it "BTC for ignorant, lazy, assholes" but thats why I dont work in PR.
but do you see what I mean, though? Paypal..I pay with the click of the mouse once i have my account. Mastercard...just about as simple... if some genius simply makes a website that is simple to use, easy to integrate into websites, easy to link to bank accounts etc...give it a snappy name, brand it to reek of trust and security and ease of use... they will be the next PayPal and BTC will flourish. If it just remains a store of value thingy for geeks who got tired of playing with Lindens or WoW gold...I can't really see the current interest in it being sustained. People are generally cynical about new ideas, and while novelty can get you so far out of the gate, you can not and should not rely on novelty to win you the race.
|
