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beetcoin
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November 23, 2013, 08:59:51 PM |
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pipe dream. other crypto currencies would pop up, which would bring down BTC value.
blockchain confirmations take too long for BTC to be ubiquitous.
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aminorex
Legendary
 Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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November 23, 2013, 09:41:43 PM |
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Other currencies are extre,ely unlikely to see network effects adequate to bootstrap significant adoption unless there is some external force applied, creating incentives.
The technical problems with bitcoin are merely software, and can be easily fixed, if the core developer politics are not pathological.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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panck4beer
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November 23, 2013, 09:55:12 PM |
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BTC can gone in 1 sec, and fall at 1 usd, because I do not want to pay BTC above 100 usd,
just in case it BTC be recognized by all world bank, then I can pay bitcoin 1000, 5000, or 100 000 usd,
for now 100 usd is maximum.
Bitcoin is alternative to banking system so I doubt banks will adopt Bitcoin |
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ScrapOfCat
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November 23, 2013, 10:03:39 PM |
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In 2020, Chuck Norris admits that he is Satoshi. Everything that has ever been used as currency instantly converts into bitcoins.
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Squander electricity on piffle: 1CLQajy22Z2n9YjZurFfPaKApcqsQa8BzK
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420
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November 24, 2013, 01:57:42 AM |
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If everyone who had 1 Bitcoin became a millionaire then the world would have far to many millionaires and that status would not be as prestigious as today. Some people have thousands of Bitcoin so do the math, its pretty much impossible.
i think there is about 350 000 bitcoin owners in the world. if they all became milionaires/billionaires/dagobertducks they are still nothing compared to the currently at least 12 million existing millionaires. It was increase the libertarian ratio in the millionaire pool BTC can gone in 1 sec, and fall at 1 usd, because I do not want to pay BTC above 100 usd,
just in case it BTC be recognized by all world bank, then I can pay bitcoin 1000, 5000, or 100 000 usd,
for now 100 usd is maximum.
Bitcoin is alternative to banking system so I doubt banks will adopt Bitcoin yeah it's the bankers worst fear lol http://www.youtube.com/watch?v=T_hBhymFfm8 |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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igorr
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November 24, 2013, 12:59:46 PM |
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Then, it will be the real price only if all mass the merchants accept Bitcoin payments.
accepting Bitcoin payment as well as acceptance USD payment.
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Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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Gordonium (OP)
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November 24, 2013, 01:35:39 PM |
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It will happen. But first... The Great Crash!!!!!
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Luckybit
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November 24, 2013, 05:28:43 PM |
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What do you think?
It's so funny to think that we are living a time where anyone with couple of hundreds dollars can just choose to be millionaire in a couple of years.
EDIT: And I am talking 1 million in todays dollars.
I say by 2018. |
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Seanzqt
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November 25, 2013, 12:08:44 AM |
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Then, it will be the real price only if all mass the merchants accept Bitcoin payments.
accepting Bitcoin payment as well as acceptance USD payment.
Well Virgin Galactic has accepted it  |
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operrajunk74
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November 25, 2013, 12:19:04 AM |
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What do you think?
It's so funny to think that we are living a time where anyone with couple of hundreds dollars can just choose to be millionaire in a couple of years.
Your right, there are only few such successfull business ventures in history where early adoption yields such high profits. Bitcoin is one of these already, and 1 Million dollars per coin by 2020 is very realistic |
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Davyd05
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November 25, 2013, 12:49:56 AM |
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What do you think?
It's so funny to think that we are living a time where anyone with couple of hundreds dollars can just choose to be millionaire in a couple of years.
Your right, there are only few such successfull business ventures in history where early adoption yields such high profits. Bitcoin is one of these already, and 1 Million dollars per coin by 2020 is very realistic realistic.. in a world where our market cap grows to an equivalent of a global savings account. One step at a time..fellows |
Proud Hodler, neither bull nor bear.
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beetcoin
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November 25, 2013, 01:02:05 AM |
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this kind of chatter is not very important because it looks too far into the future. there are too many factors in play, of which we are not able to predict.. so what's the point in speculating crazy shit like this?
for now, hitting the $1,000 is a milestone, and then maybe $10k.
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slikes
Newbie
Offline
Activity: 32
Merit: 0
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November 25, 2013, 01:42:18 AM |
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pipe dream. other crypto currencies would pop up, which would bring down BTC value.
blockchain confirmations take too long for BTC to be ubiquitous.
Off-chain transactions could make BTC viable in the future. For now, we're no where near the point where BTC is going to be used for in person transactions. It's pretty ironic that people think that shorter confirmation times are a benefit for alt-coins. Reducing the confirmation time makes blocks less secure, and other cryptocurrencies don't have anywhere near Bitcoin's hash rate. |
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Wardrick
Legendary
Offline
Activity: 1022
Merit: 1000
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November 25, 2013, 01:57:19 AM |
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Or it could start getting banned in every country kind of like how online gambling got banned in the US. I highly doubt any country will allow a massive underground alternate currency to be traded w/o any kind of regulation. And that would also mean massive drug, sex, and crime trafficking because its anonymous, a lot more than there is now.
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beetcoin
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November 25, 2013, 02:40:13 AM |
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pipe dream. other crypto currencies would pop up, which would bring down BTC value.
blockchain confirmations take too long for BTC to be ubiquitous.
Off-chain transactions could make BTC viable in the future. For now, we're no where near the point where BTC is going to be used for in person transactions. It's pretty ironic that people think that shorter confirmation times are a benefit for alt-coins. Reducing the confirmation time makes blocks less secure, and other cryptocurrencies don't have anywhere near Bitcoin's hash rate. when you're paying for that $5 sandwich at subway, i doubt you as the subway (or say gas station) manager or the customer, will care that bitcoin is in theory "more secure." i think there is enough room for BTC to co-exist with LTC. |
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BitchicksHusband
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November 25, 2013, 08:11:43 AM |
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What do you think?
It's so funny to think that we are living a time where anyone with couple of hundreds dollars can just choose to be millionaire in a couple of years.
Your right, there are only few such successfull business ventures in history where early adoption yields such high profits. Bitcoin is one of these already, and 1 Million dollars per coin by 2020 is very realistic There are plenty of companies with adoption curves like bitcoin. But the SEC regulations keep you from investing until you are already at the top of the adoption curve, so you never noticed before. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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Luckybit
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November 25, 2013, 08:25:26 AM |
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pipe dream. other crypto currencies would pop up, which would bring down BTC value.
blockchain confirmations take too long for BTC to be ubiquitous.
A lot of you underestimate the size of the global economy. There are hundreds of trillions of dollars which can flow into Bitcoin or the others like Bitshares, Mastercoin or Colored Coin. 1 million dollars is not as big of a deal as you all seem to think. I think $500,000 is realistic and even $100,000, but 1 million is also realistic and its just a matter of how long it will take to reach it. |
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Luckybit
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November 25, 2013, 08:28:10 AM |
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Or it could start getting banned in every country kind of like how online gambling got banned in the US. I highly doubt any country will allow a massive underground alternate currency to be traded w/o any kind of regulation. And that would also mean massive drug, sex, and crime trafficking because its anonymous, a lot more than there is now.
Ubiquitous and decentralized then it is impossible to ban. You cannot ban me from betting on a sporting event with my friends using my word of mouth. You cannot stop me from making any bet I want to make with my speech. Now that my speech is global and I can embed it into any electronics device you simply cannot do shit to stop me from that. And if you stop me, the next version will be even more ubiquitous and decentralized until it's in everyone's clothes. |
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balanghai
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November 25, 2013, 08:30:03 AM |
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1 million, yeah sure even next year when the dollar crashes and the US is dissolved? like 1 Euro is equivalent to $100,000?
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beetcoin
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November 25, 2013, 08:45:43 AM |
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pipe dream. other crypto currencies would pop up, which would bring down BTC value.
blockchain confirmations take too long for BTC to be ubiquitous.
A lot of you underestimate the size of the global economy. There are hundreds of trillions of dollars which can flow into Bitcoin or the others like Bitshares, Mastercoin or Colored Coin. 1 million dollars is not as big of a deal as you all seem to think. I think $500,000 is realistic and even $100,000, but 1 million is also realistic and its just a matter of how long it will take to reach it. or maybe you tend to believe the things you want to be true. if BTC explodes and becomes ubiquitous, i am certain there will be other cryptocurrencies in the market.. and that would dilute the value of BTC down a bit. there are still issues with BTC that we don't know will be panned out. hypothetically if BTC were 1 million dollars, that would be a major shift in the way the world works. |
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