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Author Topic: The Bitcoin Killer Aps  (Read 823 times)
bonker
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November 27, 2013, 03:32:23 PM
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We know its cool, but what are the main reasons Bitcoin will become an essential mainstream? I reckon there are two killer applications:

1) International trade - removal of exchange rate fees means BTC will dominate. Goods priced in BTC will ultimately lead to its stability and maturity.
2) Internet trade - cutting out the Paypal fees monster will catapult BTC into the mainstream

It's all good folks, basically $1000 BTC is a huge bargain right now. Just like  back in '09 when BTC was $10

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Sindelar1938
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November 27, 2013, 03:36:11 PM
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Potentially yes

Lots of obstacles left to overcome though

Lets make it happen

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November 27, 2013, 03:37:52 PM
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2) Internet trade - cutting out the Paypal fees monster will catapult BTC into the mainstream

Not the fees, because Bitcoin has spiraling fees. Bitcoin won't be the coin that enables the killer feature.

But the ability to cut out the bullshit about not being able to make every member of your social network a merchant with no approval process needed, no more arbitrary holdbacks and requests for emailing scans of government id + utility bill, no more excluding the third world clients because they have bank secrecy laws which prevent the G7 from knowing where all the money goes, etc. An 0 transaction fee altcoin will do this.

I'm reminded, as I often am when thinking about Bitcoin, about the Internet during the early to mid 1990s, where some people thought that the fundamentally peer-to-peer nature of the Internet meant we'd never have large corporations running enormous websites.

Some people had fantasies for a long-time about PCs being ubiquitous. It didn't happen for the first 3 decades, but now with the smartphone, it is happening.

[snip]

We were basically lacking a funding model to compete with those large sites decentralized. With a better Bitcoin, we will have it. I've had many ideas about how to destroy facebook, but the barrier was always the fucking credit card companies and Paypal bullshit.

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