[2017-03-26]Where Do You Stand on the Yin & Yang of Different Bitcoin Ideologies

[Gembul]

News Bitcoin - Where Do You Stand on the Yin & Yang of Different Bitcoin Ideologies?

Just recently the cryptocurrency community experienced a very hyped up psychological situation concerning the bitcoin exchange-traded fund (ETF). The bottom line was whether or not the status quo would accept the decentralized currency into their lair.

Over the past few months, bitcoin’s price has been on a tear. During this time people have speculated part of the reason the price spiked was due to the March Securities and Exchange Commission (SEC) decision. The psychology of this matter ran deep as people wondered if bitcoin would be accepted by mainstream investors.

READ MORE >>> https://news.bitcoin.com/the-recent-etf-decision-highlighted-the-yin-yang-of-different-bitcoin-ideologies/

[1714668557]

1714668557

[Iranus]

A bit late to be talking about the ETF, but true that there are two different ideologies at play.

I don't think that the two are mutually exclusive.  Bitcoin is still dominant among criminals on the dark web (with some use of Monero as well), and is arguably used for money laundering as well.  But while it facilitates criminals, its deflation and convenience makes it ideal for ordinary use and investors as well.  It's the broad use of Bitcoin that makes it so great, and it improves the privacy in society while having the ability to develop into the mainstream.

[friend666]

I would love to see Bitcoin as a single universal currency. But I would also love to see an article on how to transition from today’s national currencies to Bitcoin. I believe there must be an easy way for people to pump their current holdings into Bitcoin and the transact with, until everyone asks their employers to vent them in Bitcoin. But then there are Bitcoin scalability problems to be solved. After this key step is taken, no matter what, we will see massa adoption possible and maybe even foreseeable.