Circle CEO on BTC: Nobody Will Be Using Bitcoin in 5 to 10 Years

[franky1]

What currency will it use of not Bitcoin?

For me the people to listen to about blockchains are Peter Todd, Gregory Maxwell, Adam Back, Luke-Jr and there might be some names I have forgotten so please post them in here.

i guess your eluding to the hyperledger blockchain that all the names you mentioned are programming.

the problem with that is that hyperledger is FIAT
so companies like circle if they drop bitcoin.. will just be a bank holding fiat. making them a forex company swapping america's fiat for lets say india's fiat. rather than an open currency without borders.

the problem is that there would be no need for that because the hyperledger itself can do those fiat swaps directly. thus not needing circle.

[Pursuer]

is it just me or does Circle CEO Jeremy Allaire  sound like someone who doesn't know what bitcoin is!

I mean we all know that we can't really say anything about future of bitcoin in 5 to 10 years and it is possible that we won't see bitcoin then but it definitely is not "highly unlikely" as he puts it. and actually I say there is a bigger chance that we see bitcoin even bigger in 5-10 years.

besides what are all that crap about being a gambler or tax evader! does he really think that is the only usage of bitcoin? how about trading which has been like 80% of the usage? what about all of us who use bitcoin instead of other payment methods for transferring money online to pay for stuff or send money to someone else, and so many other things!

[HotSwap]

Jeremy Allaire is full of shit for the reasons elucidated here: http://moriartybitcoin.com/?p=87

[HotSwap]

Jeremy Allaire is full of shit for the reasons elucidated here: http://moriartybitcoin.com/?p=87

how is this guy the CEO of a bitcoin tech company?  From his ludicrous comments, he's barely qualified to be CEO of Dunkin Donuts

[manbitcoinlover]

well that is his prediction, so be it. Why are some people going ga-ga over a CEO's opinion, probably because of the Hollywood culture pushed down our throats where we have to respect and listen to anything someone "famous" or in a high-position says. I do not disagree or agree with his statement as I cannot predict what will happen in 5 years. But, I  am not scared, if BTC dies something else will come.

[BTCLovingDude]

Jeremy Allaire is full of shit for the reasons elucidated here: http://moriartybitcoin.com/?p=87

how is this guy the CEO of a bitcoin tech company?  From his ludicrous comments, he's barely qualified to be CEO of Dunkin Donuts

that is exactly my thought
i would have expected this from some random guy on the forum or even some crappy news site that wants to attract some clicks but when you own a business like circle you should have the least understanding of bitcoin, this guy sounds like a newbie or maybe he is trying some FUD technique? !

[NeuroticFish]

Does this ring a bell?

640K ought to be enough for anybody

Any CEO can say anything. They don't have the crystal ball. They know their business now. And tomorrow.. they'll adapt or not.
And what big company is Circle?

Maybe trying to get easy advertising, maybe not, but his statement means absolutely nothing.

[clickerz]

well that is his prediction, so be it. Why are some people going ga-ga over a CEO's opinion, probably because of the Hollywood culture pushed down our throats where we have to respect and listen to anything someone "famous" or in a high-position says. I do not disagree or agree with his statement as I cannot predict what will happen in 5 years. But, I  am not scared, if BTC dies something else will come.

Maybe he has also a basis to say it to back up his claims or he is only speculating to pull down the bitcoin price?Whatever his motive, the community do not want bitcoin to fail. If ever they can impove the way bitcoin is transacted or rename it to another name, we do not know. As long as of now, bitcoin is valued as $19 billions in marketcapitalization? Too big to fail.

[crazyivan]

It s quite possible BTC gets replaced by something more modern and innovative. Still, I think cryptocurrencies, as a concept, will continue growing and developing.

[Victorycoin]

Jeremy Allaire is full of shit for the reasons elucidated here: http://moriartybitcoin.com/?p=87

how is this guy the CEO of a bitcoin tech company?  From his ludicrous comments, he's barely qualified to be CEO of Dunkin Donuts

Indeed he is not qualified to be the CEO of a bitcoin tech company and he just insulted the bitcoin community by labeling us gamblers and tax evaders! So then he knowingly floated a company and profiting from tax evaders, is that? Only numskulls get to bite the fingers that feeds them, so he has made his stand clear and those patronizing his site should know they are dealing with a traitor who would rather bitcoin is regulated.

I am however impressed with the comments on the very post, wish he gets to read them to understand that the revolution has already started and the world indeed can do without the best man.

[sportis]

      I can't understand the example and the comparison of btc with netscape navigator. Someone, must reminds him that Microsoft had bought netscape and after that we have the development of Firefox. So if this comparison was not a bad joke, I think that Circle's CEO must serves another personal purposes. Wait to see.

[LFC_Bitcoin]

I have a theory, I think he is trying to launch another Altcoin to compete with Bitcoin (Another anonymous coin), and he needs market attention. Most of these guys will be jealous of project like Zcash with 10% of the tokens going to developers, he needs is own payday

Most probably this. It's not worth us even giving this guy the air time, he's craving attention here. Nothing to see, let's all move on 

[Denker]

It s quite possible BTC gets replaced by something more modern and innovative. Still, I think cryptocurrencies, as a concept, will continue growing and developing.

Sure of course everything is possible.
Also that Bitcoin will be the dominant transaction protocol of the future.
But Allaire is saying that Bitcoin won't be used in 5-10 years with such confidence, that I really ask myself what the hell is going on in his head?!
To me this spreading uncertainty and fear inside the Bitcoin community.And there must be a certain reason or some hidden agenda going for saying something like that!

[European Central Bank]

wasn't this guy involved with the birth of netscape? in that case maybe he knows a thing or two about being left behind. however, netscape was just another search engine. they can be replaced with a click.

something like bitcoin is the entire deal. and it's nothing something people can jump away from without losing what they put in. the incentive is there to keep making it better rather than replace it.

and i think bitcoin's direct usage on dark markets days are numbered. analysis is getting better and better all the time.

[bL4nkcode]

The source of the statement is from this article http://www.newsbtc.com/2016/11/20/circle-ceo-nobody-will-using-bitcoin-5-10-years/

So I ask this. As the growth of the darknet market place every year keeps going higher and higher, the possibility of it becoming a multi billion market place is not too far to reach. What currency will it use of not Bitcoin?

Does the CEO of Circle knows what he is talking about at all? Most of the so called "experts" in the Bitcoin and blockchain world do not know what they are talking about because it is all still new.

For me the people to listen to about blockchains are Peter Todd, Gregory Maxwell, Adam Back, Luke-Jr and there might be some names I have forgotten so please post them in here.

That's impossible for 5-10 years its too early bro and time to time bitcoin users get multiplied every year so there's no reason why no body will use bitcoin with that year and no alts will replace bitcoin. Its only their opinion and specially to  get more attention. Lol.

[Stedsm]

It s quite possible BTC gets replaced by something more modern and innovative. Still, I think cryptocurrencies, as a concept, will continue growing and developing.

Bitcoin will be it, no matter whichever comes up because many came before, but none was able to compete bitcoins because bitcoins are the best and it is only the most modern and innovative thing that is currently very new to many people, and will take even more time to get completely developed. Anyone saying anything has nothing to do with the prestige of bitcoins, because it's been there since many years, and have many more years to come.

[kiklo]

It s quite possible BTC gets replaced by something more modern and innovative. Still, I think cryptocurrencies, as a concept, will continue growing and developing.

Bitcoin will be it, no matter whichever comes up because many came before, but none was able to compete bitcoins because bitcoins are the best and it is only the most modern and innovative thing that is currently very new to many people, and will take even more time to get completely developed. Anyone saying anything has nothing to do with the prestige of bitcoins, because it's been there since many years, and have many more years to come.

 



 

[hexitor]

I don't agree at all with that guy. If people sticks to using crypto-currencies, they will stick to Bitcoin.

[kiklo]

I don't agree at all with that guy. If people sticks to using crypto-currencies, they will stick to Bitcoin.

Hmm,

So you keep using a coin that takes hour to confirm, no updates because the Chinese won't allow it, and cost you more to send it than every other crypto.

Do you think you and the 3 other guys that like wasting time and money can support the entire BTC network?  

I am already using other cryptos,
1  For the Faster Speed
2  No Transactions problems
3. It is Cheaper

 

[AgentofCoin]

I don't agree at all with that guy. If people sticks to using crypto-currencies, they will stick to Bitcoin.

Hmm,

So you keep using a coin that takes hour to confirm, no updates because the Chinese won't allow it, and cost you more to send it than every other crypto.

Do you think you and the 3 other guys that like wasting time and money can support the entire BTC network?  

I am already using other cryptos,
1  For the Faster Speed
2  No Transactions problems
3. It is Cheaper

 

1 Faster speed -  means a decrease in security. Faster block = More confirms required.
2 Transactions problems - don't exist likely because no one uses those cryptos.
3 Cheaper - is worthless when transferring or transacting an actual value amount.