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Author Topic: What stage is BitCoin at  (Read 1645 times)
gaoxing
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June 12, 2011, 08:40:40 PM
 #1

Early Adopters or Early Mainstream....

http://en.wikipedia.org/wiki/Diffusion_of_innovations
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gmk80
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June 12, 2011, 08:47:17 PM
 #2

Assuming that at some point it will be adopted by every person on every corner of the planet, I would say we are still in the very early stages.
hawk196
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June 12, 2011, 08:52:42 PM
 #3

I'd assume its at a very early stage and it has a long way to go yet
smackdaddy
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June 12, 2011, 08:53:08 PM
 #4

Not even early adopter. It's barely past "proof of concept", and it remains to be seen if another crypto-currency idea gets released that does everything bitcoin does without some of the attack vectors and other flaws.

ironwolf
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June 12, 2011, 09:04:48 PM
 #5

Extremely early adopter. These are exciting and risky times. Only the bravest need apply.
bonkers325
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June 12, 2011, 09:34:52 PM
 #6

i dont think bitcoin is going to make it out of this "beginning stage" unless some valid form of trading where nobody will be beat is built in.  like some sort of built in escrow system
muyoso
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June 12, 2011, 09:39:20 PM
 #7

I don't think there is going to be an early mainstream phase.  I think it jumps right from early adopters into a place where only people who have spent tens of thousands on rigs can mine bitcoins at any sort of a acceptable rate.  I think by mid summer the difficulty will be so high that a large percentage of miners will quit, but a majority of the computing power will stay because its concentrated among a few "power" miners.

I drink it up!
PaZer
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June 12, 2011, 10:39:43 PM
 #8

Innovators! 100%.
im3w1l
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June 12, 2011, 10:40:31 PM
 #9

I'd say early adopter
wegotpickles
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June 12, 2011, 11:52:42 PM
 #10

I'd say late in the innovators phase or early in the early adopters, but i think we have a chance of reaching early majority within one or two years time if the government doesn't crack down on us.

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spazattack1
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June 13, 2011, 12:20:39 AM
 #11

Not even early adopter yet methinks Smiley
Trypa
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June 13, 2011, 12:24:00 AM
 #12

Pre-early adopter :-P

Sharecoin: SdxoZvdYX4BwhphWDy7vxGvDbYaSdf1K3f
TKE406
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June 13, 2011, 12:41:29 AM
 #13

Let's think about this like real BitCoin enthusiasts. There is currently around ~6.5M BitCoins in circulation. This is out of a total 21M that is going to be the final number.

So all of you who say we are in the early adopters phase are underestimating how fast this has spread. Remember things do not have to go so smoothly as on a graph. How many people decided to play the BitCoin game in this MONTH OF JUNE? Think about it...
soades
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June 13, 2011, 12:44:13 AM
 #14

The baby has just been birthed, requires constant care

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June 13, 2011, 12:45:54 AM
 #15

even if in may and june there was a "run" on bitcoin. in the world most of the people have no clue about bitcoins. most printed press didn't mention it yet same as broadcasting, only few articles, I made some research.
Also mining is for freaks only. a normal human has no chnace to mine asf....
taqistan
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June 13, 2011, 01:39:51 AM
 #16

I just arrived to the party, and I feel like I got here late.  Good to know most people think we are still in the early adapter phase.   

Please feel free to send some bitcoins to: 1DaqabNm2GzuPpMeA686aS2Sbk2UF1MrRR

Its cool, everyone's doing it!
JeevesNZ
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June 13, 2011, 01:45:35 AM
 #17

Let's assume, pulling numbers out of my ass... that the potential user market for bitcoin is 1 billion. Hell, lets make it 500 million.

1% of 500 million is 5 million.

I struggle to think that even 5 million people know about bitcoin.

I'd say it's at the early adapter phase Smiley
shamathana
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June 15, 2011, 09:23:15 PM
 #18

its all over slashdot, so it should be known by quite a few ppl

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qwk
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June 15, 2011, 09:55:34 PM
 #19

its all over slashdot, so it should be known by quite a few ppl

All over slashdot. How many people in your neighbourhood follow slashdot?
When I think about it, probably by far less then one percent of the people i know personally have ever even heard of bitcoin, let alone might feel any urge to try and use it.

Yeah, well... I'm gonna go build my own blockchain, with blackjack and hookers. In fact, forget the blockchain!
Bezza
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June 15, 2011, 10:09:54 PM
 #20

I just arrived to the party, and I feel like I got here late.  Good to know most people think we are still in the early adapter phase.   

Exactly how i feel. I read about BitCoins a while back and now i just wish i had gotten in on the action earlier!
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