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Question: Do you think people who are not tech-savvy are starting to adopt Bitcoin as a way to make payments?
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No
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Author Topic: Is Bitcoin entering the mainstream FINALLY?  (Read 5421 times)
b!z (OP)
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November 09, 2013, 06:07:30 AM
 #1

http://sites.psu.edu/abarneybtc/2013/11/05/is-bitcoin-entering-the-mainstream/

Does anybody think that there will be a day when Bitcoin completely replaces credit cards, and the banking system? It would completely change the way we use digital payments.

Please post your opinion below.
beetcoin
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November 09, 2013, 06:13:39 AM
 #2

no. it's too confusing for the lowest common denominator. even with the emerging support, it would probably still require a significant amount of knowledge on how to use and store them.
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November 09, 2013, 06:25:44 AM
 #3

no. it's too confusing for the lowest common denominator. even with the emerging support, it would probably still require a significant amount of knowledge on how to use and store them.

Its slowly coming. I visit a random nerdy / "rebellious" / "make money quick" site, and I'm seeing increased mentions of Bitcoin everywhere. Not mainstream, but at least "hey theres this word that keeps on popping up everywhere, wtf does it mean" type thing.

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November 09, 2013, 06:27:15 AM
 #4

Lets look at some numbers. 
Bitcoin total valuation a few billion.  BTC = 350 each
Total Global Black Market a few trillion 1000 times more BTC = 350,000 each
Total Gold valuation 10 trillion 2500 times more  BTC = 875,000 each
Total NYSE market cap 16 trillion 4000 times more  BTC = 1.4 million each
Total NASDAQ cap 6 trillion 1500 times more BTC = 525,000 each
Total Fed Bond Market 40 trillion 10000 times more BTC = 8,750,000 each
Total Global Bond & Stock Market 250 trillion 62,500 times more BTC = 21,875,000 each
So mainstream = NO.  The good news if it gets to 1% mainstream ...   Shocked

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November 09, 2013, 07:38:21 AM
 #5

There are still not enough infrastructure supporting bitcoin for mainstream usage so no.

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November 09, 2013, 08:29:12 AM
 #6

I think they are, and I think it's a little bit dangerous still. At this point in time you still need to really know what you're doing if you plan on handling a decent amount of btc money.
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November 09, 2013, 08:35:02 AM
 #7

good vid Smiley http://www.youtube.com/watch?v=A2Cjo7CHh6w

Leather girls identity film2 on youtube and website link i accept bitcoin Smiley
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November 09, 2013, 08:39:19 AM
 #8

Nobody knows bitcoin yet so its far FAR away from mainstream.

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November 09, 2013, 08:44:40 AM
 #9

Whoever thinks that we are entering mainstream right now, is ignorant and has limited to no understanding of pretty much anything.

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b!z (OP)
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November 09, 2013, 08:51:51 AM
 #10

Here are some things to think about:
We recently hit a new ATH (over $350)
Bitcoin is all over the news
There is a lot more Bitcoin adoption happening

It is possible that Bitcoin is becoming more well-known by regular people.
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November 09, 2013, 08:52:29 AM
 #11

Bitcoin's always becoming more popular, but mainstream is a specific point of popularity which we haven't reached.

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November 09, 2013, 11:10:23 AM
 #12

Yes and No give it a few years  Wink

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November 09, 2013, 11:39:10 AM
 #13

Definitely not. There isn't even a hardware wallet, someone not exactly good with computer will have tons of troubles and will lose its bitcoins.
edit: after reading this thread https://bitcointalk.org/index.php?topic=328757.0 i totally confirm my definitely not. They are unable to avoid an idiot virus like that and are also unable to properly backup their data and we expect them to adopt bitcoin?  Cheesy

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November 09, 2013, 12:48:33 PM
 #14

No it will never happen, its unrealiable, price isn't stable, confirmations takes 2 long, no "real" value + there has to be few 1000s more bitcoins out there to cover the market needs..
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November 09, 2013, 02:08:34 PM
 #15

I think Bitcoin is not meant to replace creditcards, but complement. It'll probably replace western union, and also large cash transactions (especially those that want to be anonymous).

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November 09, 2013, 02:20:33 PM
 #16

At least in the USA, thank you to BitPay, it seems that Bitcoin is at the front door of the mainstream talking to the household people.

Question would be that household people at the doorstep would let the Bitpay into the living room to discuss further business or have a cup of tea/coffee

If they can pass the front door, Bitcoin will be in the main stream!!!  YAY!!!

Right now, many people in the US who got wind of Bitcoin invested lots of $$$ into the pre-order mining machines and others are spending crazy amount of money on Ebay not realizing they are buying expensive space heaters.  (in the next few weeks, when the news hits the newsoutlet regarding how large the financial loss related to the mining machines, it could hurt/scare the people at the front door...

People may slam the door on Bitcoin all of a sudden, or they may politely take the info, end the conversation, then close the door on Bitcoin

that could be an extra hurdle for the Bitcoin's success


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November 09, 2013, 03:58:10 PM
 #17

I don't really think Bitcoin will enter mainstream any time soon. People are usually afraid of unknown things, especially the ones that are hard to understand. Bitcoin is based on cryptography, which isn't something you can easily explain to your grandma. Computer science is still a mystery to many people and most of us, who are in Bitcoin, are the ones who actually understand at least the core principles of crypto-currency.

The anonymity might scare some people away as well: they might think it's shady or illegal. And let's not forget the current events: constant hacking, stealing of BTC, scams all around and NSA trying to pull Bitcoin into a controllable space. After all that, some people will just decide not to bother and stick to banks and cash.

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November 09, 2013, 04:01:01 PM
 #18

I think it is, because Bitcoin make the same daily transaction as PayPal already.
beetcoin
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November 09, 2013, 04:02:10 PM
 #19

I think Bitcoin is not meant to replace creditcards, but complement. It'll probably replace western union, and also large cash transactions (especially those that want to be anonymous).

i agree. and BTC is starting to enter the mainstream chatter, but not necessarily adoption. everyone knows about it, but most don't own or know how to use BTC. i think we are years from that kind of development.
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November 09, 2013, 04:05:06 PM
 #20

No, PayPal is mainstream. Bitcoin is still just talk for most people, still will be a while until it's mainstream. Not to mention, at 400 dollars I would be a bit disappointed if it were already mainstream.

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November 09, 2013, 04:35:22 PM
 #21

Bitcoin's always becoming more popular, but mainstream is a specific point of popularity which we haven't reached.

yep. i would say that for example, smartphones are mainstream. every "idiot" has one (also myself) Wink

but of course bitcoin gets slowly in that direction.

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November 09, 2013, 06:39:24 PM
 #22

To really become mainstream, I think we will need a portable hardware wallet that is basically foolproof and trustworthy. We have the technology, it is just a matter of a major manufacturer putting one together.
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November 09, 2013, 06:43:40 PM
 #23

To really become mainstream, I think we will need a portable hardware wallet that is basically foolproof and trustworthy. We have the technology, it is just a matter of a major manufacturer putting one together.
There are many other problems Bitcoin has for regular users: unstable price, hacking, overall complexity of the crypto-currency...

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November 09, 2013, 06:46:44 PM
 #24

Bitcoin will continue to be adopted exponentially more every year. Now it has about 350,000 users (or max 1 million if microholdings count). Perhaps next year this is 10 million, which is still <0.5% of world's adult population.

Mainstream maybe 2015 if this very rapid adoption speed persists.

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November 09, 2013, 06:54:02 PM
 #25

To really become mainstream, I think we will need a portable hardware wallet that is basically foolproof and trustworthy. We have the technology, it is just a matter of a major manufacturer putting one together.

You mean something like Trezor?
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November 09, 2013, 06:58:04 PM
 #26

Bitcoin will continue to be adopted exponentially more every year. Now it has about 350,000 users (or max 1 million if microholdings count). Perhaps next year this is 10 million, which is still <0.5% of world's adult population.

Mainstream maybe 2015 if this very rapid adoption speed persists.
We have that, and it's too expensive and useless.

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November 09, 2013, 06:58:42 PM
 #27

Look at the market cap.

We aren't even close to mainstream yet.

The technology just isn't there yet for mass adoption.  It will be, but it's not there yet.

This latest bubble fueled by China's demand is just that, a bubble.  It will pop.   Bitcoin will find a new base... it will bounce around for a few months while that technology gets established.  Then watch and be ready.  We will hit exponential growth.

This run is not the mass adoption exponential growth curve that will indeed happen once the technology is in place.
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November 09, 2013, 07:15:36 PM
 #28


Does anybody think that there will be a day when Bitcoin completely replaces credit cards, and the banking system? It would completely change the way we use digital payments.

Please post your opinion below.

No.  I don't ever see a day that will happen.  Bitcoin the experiment, is a great proof-of-concept but I believe better, faster, smarter and more user friendly tech will ultimately win the day.  Although Bitcoin will always be remembered as the "brand" that started it all.  Kinda like Napster -> iTunes.

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November 09, 2013, 11:08:07 PM
 #29

there is only one real thread to Bitcoin - another technology is thrown into the market that the majority of Bitcoiners adopt in a short time because it is supported aggressively by many countries at the same time. But if they do then they can also declare Bitcoin as their currency - very unlikely.
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November 10, 2013, 08:47:08 AM
 #30


Does anybody think that there will be a day when Bitcoin completely replaces credit cards, and the banking system? It would completely change the way we use digital payments.

Please post your opinion below.

No.  I don't ever see a day that will happen.  Bitcoin the experiment, is a great proof-of-concept but I believe better, faster, smarter and more user friendly tech will ultimately win the day.  Although Bitcoin will always be remembered as the "brand" that started it all.  Kinda like Napster -> iTunes.
Incorrect. While Bitcoin mit not seem like a good enough replacement, an alt will most likely do this one day.

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November 10, 2013, 10:31:49 AM
 #31

To really become mainstream, I think we will need a portable hardware wallet that is basically foolproof and trustworthy. We have the technology, it is just a matter of a major manufacturer putting one together.

You mean something like Trezor?

http://www.bitcointrezor.com/

No matter how unprotected your computer or internet connection might be, your bitcoins always stay safe with TREZOR. To give you full control over your Bitcoin wallet, TREZOR fulfills several security requirements. TREZOR is Windows, MacOS and Linux friendly. It works with most of the common Bitcoin clients. To use TREZOR is easy and absolutely intuitive.

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November 10, 2013, 10:34:43 AM
 #32

when is the trezor being released ?

would you still need one even if you store in cold storage ?

Bitcoin will show the world what hard money really is.
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November 10, 2013, 10:47:59 AM
 #33

Value =/= adoption

That's why:
Value has increased 20 times in the last year
Use has increased barely 2 times

http://blockchain.info/charts/n-transactions

So , in the last year the number of daily users has increased to just over 50k on average . (this including the famous dice transactions)
Furthermore
The blockchain holds 20 000 000 transactions. Visa has 800 000 000 customers worldwide.
Mainstream? Not even near.

Edit:
Just found this one:
VisaNet authorizes, clears and settles an average of 150 million transactions per day in 200 countries and territories.
So , 3000:1.


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November 10, 2013, 11:09:54 AM
 #34

Edit:
Just found this one:
VisaNet authorizes, clears and settles an average of 150 million transactions per day in 200 countries and territories.
So , 3000:1.

Keep in mind what VISA really is:   
 - in the market since 1970
 - at the stock market since 2008
 - a first hint on their operational model is in http://de.wikipedia.org/wiki/Visa_Inc.#Einzelnachweise under "How Visa operates. In: Forbes. 25. Februar 2008, abgerufen am 9. Juni 2011" -- this link has been invalidated
 - the next hint is here: This is how visa works

From this one may take two lessons:
1. Bitcoin is by dimension faster than VISA
2. Bitcoin does not need to do filthy things to undermine people - its freedom and small fees

From point 2 we all can expect massive attacks of VISA against BTC.
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November 10, 2013, 12:38:30 PM
 #35

The hype / awareness is reaching a critical mass. I think at least 1 in 20  persons who are connected through the Internet have an inkling about BTC. Casual users have yet to catch on. It's like how Facebook was in 2006 or Google in 2000.

Revewing Bitcoin / Crypto mining Hardware.
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November 10, 2013, 01:08:24 PM
 #36

Edit:
Just found this one:
VisaNet authorizes, clears and settles an average of 150 million transactions per day in 200 countries and territories.
So , 3000:1.

Keep in mind what VISA really is:   
 - in the market since 1970
 - at the stock market since 2008
 - a first hint on their operational model is in http://de.wikipedia.org/wiki/Visa_Inc.#Einzelnachweise under "How Visa operates. In: Forbes. 25. Februar 2008, abgerufen am 9. Juni 2011" -- this link has been invalidated
 - the next hint is here: This is how visa works

From this one may take two lessons:
1. Bitcoin is by dimension faster than VISA
2. Bitcoin does not need to do filthy things to undermine people - its freedom and small fees

From point 2 we all can expect massive attacks of VISA against BTC.


It doesn't fu*** matter
They could be around from 1601.

The fact is that the number of trasactions is 3000:1.
The thread was "Is Bitcoin entering the mainstream FINALLY? "
The answer is NO.
If the question was "Will Bitcoin entering the mainstream FINALLY? "
Then all that you have said would mean anything.



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Mahn
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November 10, 2013, 01:12:15 PM
 #37

People are slowly becoming aware of Bitcoin, but there's a long way to go from here to mainstream usage. That's pretty much it.

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November 10, 2013, 04:08:25 PM
 #38

People are slowly becoming aware of Bitcoin, but there's a long way to go from here to mainstream usage. That's pretty much it.
Give it a few more years and then we might be entering mainstream.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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November 10, 2013, 06:49:16 PM
 #39

Edit:
Just found this one:
VisaNet authorizes, clears and settles an average of 150 million transactions per day in 200 countries and territories.
So , 3000:1.

Keep in mind what VISA really is:   
 - in the market since 1970
 - at the stock market since 2008
 - a first hint on their operational model is in http://de.wikipedia.org/wiki/Visa_Inc.#Einzelnachweise under "How Visa operates. In: Forbes. 25. Februar 2008, abgerufen am 9. Juni 2011" -- this link has been invalidated
 - the next hint is here: This is how visa works

From this one may take two lessons:
1. Bitcoin is by dimension faster than VISA
2. Bitcoin does not need to do filthy things to undermine people - its freedom and small fees

From point 2 we all can expect massive attacks of VISA against BTC.


It doesn't fu*** matter
They could be around from 1601.

The fact is that the number of trasactions is 3000:1.
The thread was "Is Bitcoin entering the mainstream FINALLY? "
The answer is NO.
If the question was "Will Bitcoin entering the mainstream FINALLY? "
Then all that you have said would mean anything.

Yes it matters a lot. And the answer is "Yes BTC is short before being mainstream already".

Your reply is little bit strange - "It doesn't fu*** matter" - I hope you are not one of the nasty VISA guys. If I would work for VISA I would look out for a new job right now before the problem becomes evident.

Since Bitcoin started in 2009 it has grown over 30000% in only four years. And this is just the beginning. When the market flips, what happened often in history, then WU PP VISA and some other companies making lots of money with nothing will disappear or at least shrink to where they ought to be.
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November 10, 2013, 07:13:25 PM
 #40

Edit:
Just found this one:
VisaNet authorizes, clears and settles an average of 150 million transactions per day in 200 countries and territories.
So , 3000:1.

Keep in mind what VISA really is:  
 - in the market since 1970
 - at the stock market since 2008
 - a first hint on their operational model is in http://de.wikipedia.org/wiki/Visa_Inc.#Einzelnachweise under "How Visa operates. In: Forbes. 25. Februar 2008, abgerufen am 9. Juni 2011" -- this link has been invalidated
 - the next hint is here: This is how visa works

From this one may take two lessons:
1. Bitcoin is by dimension faster than VISA
2. Bitcoin does not need to do filthy things to undermine people - its freedom and small fees

From point 2 we all can expect massive attacks of VISA against BTC.


It doesn't fu*** matter
They could be around from 1601.

The fact is that the number of trasactions is 3000:1.
The thread was "Is Bitcoin entering the mainstream FINALLY? "
The answer is NO.
If the question was "Will Bitcoin entering the mainstream FINALLY? "
Then all that you have said would mean anything.

Yes it matters a lot. And the answer is "Yes BTC is short before being mainstream already".

Your reply is little bit strange - "It doesn't fu*** matter" - I hope you are not one of the nasty VISA guys. If I would work for VISA I would look out for a new job right now before the problem becomes evident.

Since Bitcoin started in 2009 it has grown over 30000% in only four years. And this is just the beginning. When the market flips, what happened often in history, then WU PP VISA and some other companies making lots of money with nothing will disappear or at least shrink to where they ought to be.


Typical zealot , if he doesn't praise bitcoin he must be working for visa or paypal.
Are you insane?

Let me give you an example:
Gas cars , mass produced for 100 years.
Electric cars , almost mass produced for 4 years.

Are electric cars mainstream? NO. Will they? MAYBE!

The same story applies to the dvd players
One year after their launch they covered less than 2% of the market.
Were they mainstream at that time? NO.
Have they become ? YES!

Same applies here bitcoinbadboy.
It doesn't matter if visa mastercard or paypal or hulamanula have been around for 100 years and bitcoin only for 4.

When the ration goes from 3000:1 to 1:30 you can say people have worldwide adopted bitcoin but until that bitcoin is just a novelty ... nothing more.

Mainstream is the common current thought of the majority.[1] Bitcoin is short by 149 950 000 trasactions/day from that.


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November 10, 2013, 07:16:54 PM
 #41

i think the term bitcoin has entered the mainstream, but i don't think that its function has even approached normalcy in any society on earth, yet.
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November 10, 2013, 08:04:51 PM
 #42

@niothor
You are not very friendly. And your stories sound very childish.

Anyways I will give you some examples for comparable mass adoptions (means forget your numbers):

 - Internet
In 1982, the Internet protocol suite (TCP/IP) was standardized (some expereiments before as ARPANET).
Internet's takeover of the global communication landscape was almost instant in historical terms: it only communicated 1% of the information flowing through two-way telecommunications networks in the year 1993, already 51% by 2000, and more than 97% of the telecommunicated information by 2007

DATE_____NUMBER OF USERS% WORLD POPULATION
Dec, 199516 millions 0.4 %
Mar, 2000304 millions5.0 %
Dec, 20051,018 millions15.7 %
Sep, 20101,971 millions28.8 %
Mar, 20132,749 millions38.8 %

 - Web
On 6 August 1991, Berners-Lee posted a short summary of the World Wide Web project on the alt.hypertext newsgroup.
Currently with nearly 1/2 billion websites and at a growth rate of nearly 5% per month futurepredictions.com estimates nearly 1 billion active websites by the end of 2012.

(ref: How big is the Internet?
 
 - mobile phone
From 1990 to 2011, worldwide mobile phone subscriptions grew from 12.4 million to over 6 billion, penetrating about 87% of the global population and reaching the bottom of the economic pyramid.

 - SMS
The first SMS text message was sent from a computer to a mobile phone in 1992 in the UK, while the first person-to-person SMS from phone to phone was sent in Finland in 1993.

The first mobile news service, delivered via SMS, was launched in Finland in 2000, and subsequently many organizations provided "on-demand" and "instant" news services by SMS.

SMS is the most widely used data application, with an estimated 3.5 billion active users, or about 80% of all mobile phone subscribers at the end of 2010.


 - google
The domain name for Google was registered on September 15, 1997
In January 2013, Google announced it had earned $50 billion in annual revenue for the year of 2012.



To understand for little children - just take the diagram of hostnames - it may represent what Bitcoin will going to very good. Only a fool cannot see where this is going to. And remember IBMs reply to micro computers and PCs - that was the reason for Microsoft incredible rise.
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November 10, 2013, 08:28:16 PM
 #43

@niothor
You are not very friendly. And your stories sound very childish.

Anyways I will give you some examples for comparable mass adoptions (means forget your numbers):

 - Internet
In 1982, the Internet protocol suite (TCP/IP) was standardized (some expereiments before as ARPANET).
Internet's takeover of the global communication landscape was almost instant in historical terms: it only communicated 1% of the information flowing through two-way telecommunications networks in the year 1993, already 51% by 2000, and more than 97% of the telecommunicated information by 2007

DATE_____NUMBER OF USERS% WORLD POPULATION
Dec, 199516 millions 0.4 %
Mar, 2000304 millions5.0 %
Dec, 20051,018 millions15.7 %
Sep, 20101,971 millions28.8 %
Mar, 20132,749 millions38.8 %

 - Web
On 6 August 1991, Berners-Lee posted a short summary of the World Wide Web project on the alt.hypertext newsgroup.
Currently with nearly 1/2 billion websites and at a growth rate of nearly 5% per month futurepredictions.com estimates nearly 1 billion active websites by the end of 2012.

(ref: How big is the Internet?
 
 - mobile phone
From 1990 to 2011, worldwide mobile phone subscriptions grew from 12.4 million to over 6 billion, penetrating about 87% of the global population and reaching the bottom of the economic pyramid.

 - SMS
The first SMS text message was sent from a computer to a mobile phone in 1992 in the UK, while the first person-to-person SMS from phone to phone was sent in Finland in 1993.

The first mobile news service, delivered via SMS, was launched in Finland in 2000, and subsequently many organizations provided "on-demand" and "instant" news services by SMS.

SMS is the most widely used data application, with an estimated 3.5 billion active users, or about 80% of all mobile phone subscribers at the end of 2010.


 - google
The domain name for Google was registered on September 15, 1997
In January 2013, Google announced it had earned $50 billion in annual revenue for the year of 2012.



To understand for little children - just take the diagram of hostnames - it may represent what Bitcoin will going to very good. Only a fool cannot see where this is going to. And remember IBMs reply to micro computers and PCs - that was the reason for Microsoft incredible rise.


You continue on the path of stupidy my friend
Mainstream means majority
Cellphones weren't mainstream in 1990
Internet wasn't mainstream in 1995

Are they now? Yes!

Just because those things become used by most people in the world it doesn't mean they held 51% of the market share the day they were launched.

Credit cards are mainstream now.
Were they in 1970? NO.

You'll say the same about bitcoins in 2100.
Are bitcoins mainstream? Yeah , there are 900 millions users /day.
Were bitcoins mainstream in 2013 ? Hell no!

You fail to understand a simple thing!
Cars we're not mainstream when they were invented , nor the internet nor the mobile phones , not google , not bitcoin not even fire.
Most of those really become , bitcoin has all the time to become on too but until that, as I said before , it's 149 950 000 uses/day short of it Cheesy





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Valerian77
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November 10, 2013, 08:39:36 PM
 #44

Most of those really become , bitcoin has all the time to become on too but until that, as I said before , it's 149 950 000 uses/day short of it Cheesy

My friend - you miss the fact by magnitude. People are tired of paying debts, credit card fees and work for a completely corrupt finance industry - criminals in suits - believe me I know what I am talking about probably much better than you.

For Bitcoins it means - as soon as the 'normal' people start to trust in Bitcoin you can forget VISA, WU, PP etc - they will be gone. That is no question of numbers anymore. For everything else refer to the WWW growth and shorten it to 10 years - the first 5 are gone already.
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November 10, 2013, 08:48:49 PM
 #45

Most of those really become , bitcoin has all the time to become on too but until that, as I said before , it's 149 950 000 uses/day short of it Cheesy

My friend - you miss the fact by magnitude. People are tired of paying debts, credit card fees and work for a completely corrupt finance industry - criminals in suits - believe me I know what I am talking about probably much better than you.

For Bitcoins it means - as soon as the 'normal' people start to trust in Bitcoin you can forget VISA, WU, PP etc - they will be gone. That is no question of numbers anymore. For everything else refer to the WWW growth and shorten it to 10 years - the first 5 are gone already.

So you acknowledge it hasn't happened yet. Thank you for not wasting my time.
Now , really , ..... what was the point of all the data and copy paste you have done?

Ps. A trivia,I was going to use if you continued you're nonsense:
Right now there are more people undergoing a sex change than people using bitcoin. Smiley


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Valerian77
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November 10, 2013, 08:54:55 PM
 #46


Ps. A trivia,I was going to use if you continued you're nonsense:
Right now there are more people undergoing a sex change than people using bitcoin. Smiley


Nice reply - you continue your unsubstantiated unfriendly talk starting with:
"It doesn't fu*** matter"

Hope you got your lesson.
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November 10, 2013, 08:59:41 PM
 #47

You'll say the same about bitcoins in 2100.
Are bitcoins mainstream? Yeah , there are 900 millions users /day.

2100? I'd be suprised if Bitcoin is still in use, it will probably have been replaced by then. I expect mainstream adoption will occur much quicker than that: let's see where we are by 2020.
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November 10, 2013, 09:03:58 PM
 #48

We need more businesses to adopt bitcoin as payment option and make cloud mining as known as it could for more individual adoption.
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November 10, 2013, 09:06:44 PM
 #49

We need more businesses to adopt bitcoin as payment option and make cloud mining as known as it could for more individual adoption.
This. Bitcoin has to be accepted on some local level. Once someone sees "Bitcoin accepted here", they will surely start asking question.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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November 10, 2013, 09:07:12 PM
 #50

You'll say the same about bitcoins in 2100.
Are bitcoins mainstream? Yeah , there are 900 millions users /day.

2100? I'd be suprised if Bitcoin is still in use, it will probably have been replaced by then. I expect mainstream adoption will occur much quicker than that: let's see where we are by 2020.

It was just an example to make a blinkered hothead zealot understand the difference between it is and it will be.
I pretty much doubt there will be any kind of user (visa/bitcoin/toothpaste) on this planet by 2100 , the way things are going.


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Valerian77
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November 10, 2013, 09:09:09 PM
 #51

The current adoption speed is much faster than anything the world has seen before. The real question is not if it will go mainstream finally but more how the lifecycle of Bitcoin looks like. What will happen after 30 to 50 years when other positions take over the role of Bitcoin ?
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November 11, 2013, 09:02:38 AM
 #52


GREAT vid. Thanks.
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November 11, 2013, 09:55:21 AM
 #53

Cars we're not mainstream when they were invented , nor the internet nor the mobile phones , not google , not bitcoin not even fire.
Most of those really become , bitcoin has all the time to become on too but until that, as I said before , it's 149 950 000 uses/day short of it Cheesy

Nice way to put it! If we assume that bitcoin is 10 times overvalued now, it still leaves plenty of upside.

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November 11, 2013, 02:30:51 PM
 #54

i think the term bitcoin has entered the mainstream, but i don't think that its function has even approached normalcy in any society on earth, yet.

Well, if people use the term, they should at least know what it means... right?
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November 11, 2013, 03:46:31 PM
 #55

i think the term bitcoin has entered the mainstream, but i don't think that its function has even approached normalcy in any society on earth, yet.

Well, if people use the term, they should at least know what it means... right?
Obviously they don't know what it means exactly.

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November 14, 2013, 11:14:13 AM
 #56

i think the term bitcoin has entered the mainstream, but i don't think that its function has even approached normalcy in any society on earth, yet.

Well, if people use the term, they should at least know what it means... right?
Obviously they don't know what it means exactly.
It's possible that they will do research on Bitcoin, and start to use it. There are many businesses which have just recently started to accept Bitcoin. On r/bitcoin you always see "___ restaurant/shop accepts Bitcoins now"
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November 14, 2013, 11:58:17 AM
 #57

There are still not enough infrastructure supporting bitcoin for mainstream usage so no.

I have the feeling alot of companies are working on this. There is still a lot of first mover spots in different industries.. Even banks could benefit form integrating bitcoins, or they could eventually be left out in 10-20+ years

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November 22, 2013, 01:58:42 AM
 #58

Looks like I was wrong. USA Today says Bitcoin is starting to enter the mainstream.

And if it wasn't then their article will certainly help that to happen.

:-)

http://www.usatoday.com/story/news/nation/2013/11/21/businesses-embrace-bitcoin/3666279/

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