[2016-11-27]Bitcoin Shows Signs of Maturity But Still Has A Long Way To Go

[WishICanTurnBackTime]

Bitcoin Shows Signs of Maturity But Still Has A Long Way To Go

Multiple Signs of Bitcoin Maturity

In the early days of Bitcoin development, there were concerns over how this cryptocurrency would mature over time. Since hardly anyone seemed interested in the concept at first, it took quite some time before Bitcoin was seen as a commercial tool. The 10,000 Bitcoin pizza was just the first of many millions of Bitcoin transactions to take place around the world.
Looking at the charts today, it has become apparent Bitcoin is maturing in every aspect. Not only are there more transactions and unique users, but the price continues to rise. That latter aspect was not a guarantee either, considering. Bitcoins are still being mined today and will continue to be mined until 2140.

http://www.livebitcoinnews.com/bitcoin-shows-signs-maturity-still-long-way-go/

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[Kprawn]

Compared to other technologies, Bitcoin is on growth hormones.  ... I think the people adopting Bitcoin now are part of the "The Early

Majority", individuals that adopt an innovation after a varying degree of time. This time of adoption is significantly longer than the innovators

and early adopters.

Early Majority tend to be slower in the adoption process, have above average social status, contact with early adopters, and seldom hold

positions of opinion leadership in a system.

Even the internet took longer to reach the level of adoption, where we are now... 

[TraderTimm]

How does anyone, including this author know jack shit about the road we are on?

There hasn't been anything like Bitcoin, ever, in the history of currency and finance.

And yet, we have these pretend-experts who think they've seen it all before -- well, in this case you sure as hell haven't. We're in unprecedented territory, and anyone saying they "know" how far we have to go is blowing smoke up your ass. Nobody knows. Nobody has any idea how far this idea will go, where this technology will reach, or the implications of a decentralized financial system being built before our very eyes.

All I can say for sure is this -- that most "experts" will be proven wrong, given that this is an event that none of them have seen in their liftetimes.

[Qartersa]

They're just trying to comment on something they think they know. Similar to how the first computers came about. Nobody believed it at first, but heck where is it now? It's in every body's houses now. No one could have predicted the computer's future, and in that era, these so called experts did not predict the computer's great success. And when the computer was a thing already, they predicted again that a portable computer would not be available until probably 50 years. But, surprise surprise, a laptop came about only by ten years into the technology.

I would not believe in these experts. They are just expert con-artist making people believe shit.

[Hazir]

Even the internet took longer to reach the level of adoption, where we are now... 

While it is true it also not entirely correct. Concept of internet is very old but at the begining it was was limited by lack of infrastructure and technical progress.
Bitcoin, however, for the most part isn't limited. At this point of time everyone in developed countries has access to internet connection and can use Bitcoin if they choose to do so.

[yayayo]

The price increase of Bitcoin is probably the worst indicator for Bitcoin "maturity", because the whole thing could still turn out to be an entirely unsustainable bubble.

The best real world indicator of Bitcoin maturity is adoption. The number of transactions can be considered a measure of adoption, albeit an indirect one, because distortions because of high transaction numbers by only a few users (spammers, 2nd layer solutions) are always possible.

Apart from adoption, technological progress is also a good indicator for maturity. All in all I would say that Bitcoin is clearly in the process of maturing, but it is still very far from being a mature, stable and well established currency. That may need another decade or two.

ya.ya.yo!