The Scary future of BitCoins - the Death?

[Jomppe]

Hello,


Now let us put out some facts here.
As I am writing this article, bitcoins are mined 12,425,475 coins. The total coin supply is 21,000,000 BitCoins. This means, roughly 60 % of the coins have been mined already and only 40 % is left.
Given the fact that the mining hardware/mining contracts are quite expensive together with the rising difficulty I see the long term future of bitcoin very dark.

BitCoin has been marketed that the transactions are very cheap compared with Credit Cards or traditional bankwire charges (which are always charged from the buyer in form of higher price). People are not used to donate too much when they buy things. In general, people are stingy.
If some of them donates or, let's say everybody is forced to donate, it brings the total buying cost up. Then there is really no reason to use BitCoins instead of regular fiat money.

To be honest, I am worried about the future of BitCoin. This worry lead me to altcoins.

Here is my story, I have always been worried in inflation and governement. Before btc I was in gold and silver. Now as I have studied bitcoin a little deeper, I became really cautious and fearful.
In BitCoin I love the limited money supply, it is just awesome. However, I am not seeing long future for BTC anymore. It has been good more or less from 2009 despite some downs along the way.

This fear of the death of BTC lead me to find another crypto (cryptocoins are the future - but never the first invention in technology will be the final solution). I studied a few worth of studying - I did not study them all (I guess the total number of different coins is 100 roughly).
I found in my research WorldCoin. I bought some, actually I have a large bag with WDC. I see it will be taking the place of WDC as the ultimate crypto as long as its mining is not profitable anymore. Then I will search another crypto but until this, I think the transition should take place. I might be a little bit early but I wanted the best price and the price is good now. WDC has proven to take a lot of hits - it is firm currency, the first confirmation takes only 30 seconds (so the possibility of violent maluse is minimal). The transaction is fully confirmed within 60 seconds only.
The money supply is fixed, 265,420,800 coins totally. Only roughly 15 % of the coins are mined already so the future of this coin is quite bright for several years from now. The blockreward is lowering 1 % on weekly basis.

I came to tell this because I am truly worried about the future of BitCoin, of course also my own benefit (I am not doing just favors for free), but to choose the best altcoin is for the benefit for everybody.
I hope my thread will help You in Your transition to the next phase.

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[El Dude]

dump that worldcoin crap , get litecoin and bitcoin and hodl for years.

[rmines]

So why exactly do you think bitcoin is going to die 
Why should WDC be a better option, just because of the faster confirmations?

[davida]

you must be very confused... why in the world(coin) would you believe that the more coins available to be mined will mean a brighter future for said coin??? This makes no sense. 

It's the printing/mining of new coins that lowers the value of existing currency supply, so with only 15% mined i think you will find it hard to even give your worldcoins away in a few years time.

good luck with that one... i for one certainly won't be holding any worldcoin crap.

[rockstar888]

hmmm.. I share the view that bitcoin value will eventually be eroded by the better scrypt coins.

which one, I don't know.

I am not sure serious people will want to put money in like, 'doge' (maybe my problem only?)

litecoin is the easy winner on the list I will say, but then the brand looks weak.


what you guys think will be the next name people will WANT to buy?
we should start thinking there.

[GigaCoin]

OK so u think bitcoin will die fair enough no problem.

But why worldcoin? You haven't really justified as to why worldcoin is the future.

[Beef Supreme]

Digital Coin looks solid, and is solid in action.  Heard John Law say he was buying them like crazy, so I looked into all the alt coins (I mean all, Jesus Christ where did all those hair brained ideas come from).  I initially put a whole BTC into 42, only to see 66 and 21 come out.  Then, I started to think that was a waste of money.

Bought some Doge on the hype, but other than the large community there is nothing special about that one either.  More of a plaything.

Digital however, (and no I am not pumping a GD thing), has quick confirmations, well done QT client, and a professional feel about it.  Also, the number of coins is targeted to daily use for buying Karpeles some coffee and such .  I think that team has what it takes to make that one hold its ground (and no pre-mine).

So, for my money, its DGC baby.  Just my opinion, that and two cent might get me a sip of some Karpeles frappucino.  

[rockstar888]

DGC had its chance, I think too many people leaving that community already, everytime I visit the forum, lesser and lesser post.

so no, I don't think it be DGC... and not with that horrifying logo.

[rockstar888]

hahaha, PLOT TWIST

the US FED comes out with their OWN coin. FED coin, Fed coin wins.

[brokedummy]

Now, why on Earth would mining profitability dictate long term price trends? If anything, bitcoin or other coins being unprofitable to mine would cause a price increase!

[ChuckBuck]

Satoshi Nakamoto didn't invent Worldcoin, he(she, them) invented Bitcoin.

Does Bitcoin have some flaws and some bumps in the road, sure.  So did the Internet, modern PC, and social networking before it.

The only thing replacing Bitcoin, is a Bitcoin 2.0.

[Lauda]

OP is foolish. OP should leave bitcoin forum.

[RodeoX]

I think what you are misunderstanding is bitcoin as a free lunch. It costs money to route your transaction and that is unavoidable. So this is going to be about price. Bitcoin transactions generally cost pennies whereas credit cards cost dollars. Even if you pay off your card each month, the store you buy at must pay for the use of the card. This is why bitcoin is a threat to banks, fees are much much lower than the bank can afford to offer.

In your story you explain that it is your fear of bitcoins death that motivates you. Consider that fear is an awful guide in decision making. You should avoid the human impulse to make financial decisions based on emotion. For example you are considering trading the most popular and promising cryptocurrency for some alt coins. No one knows the future, but my guess is that you will regret it at some point.

Best of luck. 

 
 

[Lauda]

I think what you are misunderstanding is bitcoin as a free lunch. It costs money to route your transaction and that is unavoidable. So this is going to be about price. Bitcoin transactions generally cost pennies whereas credit cards cost dollars. Even if you pay off your card each month, the store you buy at must pay for the use of the card. This is why bitcoin is a threat to banks, fees are much much lower than the bank can afford to offer.

In your story you explain that it is your fear of bitcoins death that motivates you. Consider that fear is an awful guide in decision making. You should avoid the human impulse to make financial decisions based on emotion. For example you are considering trading the most popular and promising cryptocurrency for some alt coins. No one knows the future, but my guess is that you will regret it at some point.

Best of luck. 

 
 

I just paid an ~13 euro transaction fee for an WU transfer of 50 euro (international). I was thinking, why people don't realize that bitcoin is here to stop this nonsense.
The lady said the fee is because of the speed of the transaction. 
Bitcoin will rise, once more realize the fees on WU, CCs, bank transfers are too high and transfers are not fast enough.

[LilithX]

The only way Bitcoin would die is if the government shuts it down, which I don't think would happen. They would just figure out a way to get their grubby hands into it. Other than that, the many holders would keep it alive. Even if the Government shuts it down, someone always finds a workaround...

[Lauda]

The only way Bitcoin would die is if the government shuts it down, which I don't think would happen. They would just figure out a way to get their grubby hands into it. Other than that, the many holders would keep it alive. Even if the Government shuts it down, someone always finds a workaround...

Wrong. The government can't do anything. Government banned drugs --> black market voilà.

[Lucozade35]

All coins have risks but a new copycat coin called ME.TOO is free for all
YEP ZILCH ZERO NOTHING you can not loose on something that costs nothing
but your time of course.

[keithers]

dump that worldcoin crap , get litecoin and bitcoin and hodl for years.

I feel that this is the best strategy. 65% btc and 35% LTC

[Lauda]

dump that worldcoin crap , get litecoin and bitcoin and hodl for years.

I feel that this is the best strategy. 65% btc and 35% LTC

That isn't actually bad. The percentages might be off, but the coins are correct.

[keithers]

The complete death of bitcoin is nearly impossible.  The invention is here to stay.  That is almost like saying the death of the internet is in the future.   Yes, there are maybe a ton of enforced restrictions (just like the internet), in the future, the the value per bitcoin is definitely an uncertainty, but neither of those would cause the death of bitcoin.  If everything goes completely wrong, then it could possibly not make investors a ton of money, but bitcoin would still be around...

[RodeoX]

All coins have risks but a new copycat coin called ME.TOO is free for all
YEP ZILCH ZERO NOTHING you can not loose on something that costs nothing
but your time of course.

The problem is going to come with scale. It costs somebody somewhere the cost of electricity and ISP service. That leaves you totally dependent on the voluntary efforts of others. If the number of transactions grows the cost will also go up. At some point I would expect the volunteer quit and stop loosing money. The beauty of Satoshi's system is that there is an incentive to keep the system running without charging exorbitant fees.  

[Lauda]

The complete death of bitcoin is nearly impossible.  The invention is here to stay.  That is almost like saying the death of the internet is in the future.   Yes, there are maybe a ton of enforced restrictions (just like the internet), in the future, the the value per bitcoin is definitely an uncertainty, but neither of those would cause the death of bitcoin.  If everything goes completely wrong, then it could possibly not make investors a ton of money, but bitcoin would still be around...

Not nearly, it is impossible.

[keithers]

The complete death of bitcoin is nearly impossible.  The invention is here to stay.  That is almost like saying the death of the internet is in the future.   Yes, there are maybe a ton of enforced restrictions (just like the internet), in the future, the the value per bitcoin is definitely an uncertainty, but neither of those would cause the death of bitcoin.  If everything goes completely wrong, then it could possibly not make investors a ton of money, but bitcoin would still be around...

Not nearly, it is impossible.

Yeah, I guess it is all in how you interpret the word "death."   If death means no longer in existence, then yes it is impossible.  If death means that investors will not reap 1000% return, and the value continues to go down from here, that is possible.   I don't think declining value over the long term is very probable, otherwise I wouldn't even be here...but it is possible...

[LiteCoinGuy]

dump that worldcoin crap , get litecoin and bitcoin and hodl for years.

cant say it better.

[cr1776]

So why exactly do you think bitcoin is going to die 
Why should WDC be a better option, just because of the faster confirmations?

The amount of research from OP into this about "BitCoin" is low.  Can't even get the name right?  Also, the "transaction is fully confirmed within 60 seconds only" statement is somewhat meaningless.  Confirmation time isn't critical once a fee paying transaction is in the network which is essentially instantly for a bitcoin, double-spends at that time are extremely unlikely.  If you can double-spend with a much smaller hashing rate on WC, "faster" confirmations are meaningless.

WC might be fine, bitcoin might fail, but the arguments presented haven't shown anything of the sort.

[DannyHamilton]

The complete death of bitcoin is nearly impossible.  The invention is here to stay.  That is almost like saying the death of the internet is in the future.   Yes, there are maybe a ton of enforced restrictions (just like the internet), in the future, the the value per bitcoin is definitely an uncertainty, but neither of those would cause the death of bitcoin.  If everything goes completely wrong, then it could possibly not make investors a ton of money, but bitcoin would still be around...

Not nearly, it is impossible.

Without a timeframe, I'd say the death of bitcoin is guaranteed.

[Jomppe]

The complete death of bitcoin is nearly impossible.  The invention is here to stay.  That is almost like saying the death of the internet is in the future.   Yes, there are maybe a ton of enforced restrictions (just like the internet), in the future, the the value per bitcoin is definitely an uncertainty, but neither of those would cause the death of bitcoin.  If everything goes completely wrong, then it could possibly not make investors a ton of money, but bitcoin would still be around...

Can't you see my point here?
The price of bitcoin has to go to astronomical heights from the current levels (I do not personally think this kind of growth is not realistic anymore).
I have to admit that BitCoin has done better than I would have dreamed in my wild dreams when I first heard about bitcoin around 2010-2011.
I wouldn't believe it will go this high (I thought actually that it might go maximum 100 USD in the best case).
I am astonished as it hit 1200 USD.
However, the difficulty increases after the competition which makes the mining unprofitable. There is no incentive to mine the coin. It is worth of considering.
BitCoin community is counting too much on people willingess to pay for the ability to pay something. To be honest, in this case at least personally I would pay with WorldCoins that has very fast confirmation time (to reach the first confirmation it takes only 30 seconds).

I am bringing you guys the best opportunity I have found (I have studied LTC and BTC and a few more unknown altcoins).

All you guys keep saying "the death of BTC is impossible" or "the death of BTC happens when there is Armageddon" etc.
I know, it is very hard to get rid of the coin that you have been loving for so long time. I know that you guys feel so attached to your bitcoins or litecoins. I feel you guys. However, this is not a smart and rational move. You should not feel towards the coin similar emotions you feel towards your wife or girlfriend (or boyfriend/husband).
I understand the pride behind you guys having the coin that has been performed so well. Actually there is nothing wrong being happy when you have been doing the right move when the majority is holding dollars.
However, do not let the pride be the obstacle to embrace the new coin to your portfolio.

[chakra74]

If your main concern is just transaction times why wouldn't you be buying a second generation crypto currency like Ripple or Next for instance?  Personally I split my investment around 50 percent bitcoin, 40 percent Ripple and 10 alts.

Bitcoin is the market leader and has a ton of funding and start ups, it will be very hard for these alt coins you mentioned beating that kind of momentum especially when they're built on the same technology.

My second investment in Ripple is simply because it's a superior next generation crypto with almost instant transactions, built in trading and platforms and they now have over 40 employees working full time to make this next generation currency happen.  Ripple is still in Beta, and I believe that once that beta tag is dropped, you'll see them using their professional staff to get big names involved.

The last 10 percent I put mostly in alts that have a following or support the bitcoin protocol.  So I have a little in Litecoin, Doge, next, name coin, quark and master coin, etc.

[cdog]

dump that worldcoin crap , get litecoin and bitcoin and hodl for years.

this thread is awful and should have ended after this post

[DannyHamilton]

dump that worldcoin crap , get litecoin and bitcoin and hodl for years.

this thread is awful and should have ended after this post

I've recently noticed that anybody that intentionally uses the word "hodl" has nothing to say that I'm interested in.  Noticing this fact has made it a LOT easier to decide which users to kill file.

[Sheldor333]

It only means that mining will be less and less profitable. Then some people will stop mining and those who stay will remain profitable, also it will drive the price of bitcoins up. Problem will come when all bitcoins are mined in my opinion.

[virtualmaster]

Bitcoin and Namecoin will last forever.

[ninjarobot]

Because everyone knows that writing things in big bold red letters makes it true.

[hellscabane]

It seems that the OP is clearly all-in on WDC. Although, the OP should clearly show that by adjusting his siggy...

I will ask once again, why is WDC so special when the only thing that you point out is that it provides "faster" transaction times (and don't answer it by providing info about the infrastructure being built around it, lots of other alts have similar infrastructure in the works)? And you said that the short-term prospects of WDC were not strong in other posts, so why are you on an endless tirade to promote WDC?

It's quite questionable with a person who says he is carrying a bag of WDC.

[johnyj]

The first thing every newbie (including me) do is to design/mine an alt-coin and experience the excitement of early miners. However, he will realize the fundamental difference between alt-coins and bitcoin after 3 months and regret the time he wasted on alt-coins

[rohnearner]

The first thing every newbie (including me) do is to design/mine an alt-coin and experience the excitement of early miners. However, he will realize the fundamental difference between alt-coins and bitcoin after 3 months and regret the time he wasted on alt-coins

if you consider yourself a newbie then i think i'm still in my diapers ..! but anyways , The OP raised few questions which i think is valid one of them was  "never the first invention in technology will be the final solution", and yeah thats a valid point, but with all those altcoins , with new launch every next week , makes it more confusing for newbie's like Me . So i'm only sticking with BTC and LTC for now, will see what happens

[Dabs]

99% of coins are left to be mined up to the year 2040. We have about 20 years left. At each reward era or block halving, and somewhere in between, the value of each bitcoin will go up, as there will be more demand than supply.

To the point where, after 2040, most of the mining income will be from transaction fees. It will have to remain profitable at that point in time, but probably only the really big miners.

[dottom]

Now, why on Earth would mining profitability dictate long term price trends? If anything, bitcoin or other coins being unprofitable to mine would cause a price increase!

Because the majority of crypto coin adopters are those that got into it mining, investing in mining (shares or cloud), buying or selling mining equipment.  You take mining out of the picture and the number of purist crypto coin adopters who care about everything except the mining drops dramatically.

[bg002h]

...the first confirmation takes only 30 seconds (so the possibility of violent maluse is minimal). The transaction is fully confirmed within 60 seconds only.

I don't think you understand block chain based cryptocurrencies...there is no magic behind # of confirmations. With small altcoins, they will be more vulnerable to double spend attacks due to the massively lower computing requirements needed to, say, replace the last 10 blocks of transactions...

[findgreenland]

i respect bitcoin a lot. but there is some altcoin should be considered seriously. Nxt might be the one.

[dissident]

namecoin with it's .bit domain name could be interesting, but it would take support from a major DNS like google for it to work.

Memorycoin has a voting system in place that I find interesting.

New Economy Movement is going to have a large starting community from it's fair distribution system however and it's supposedly being built from the ground up.

Ripple has some interesting prospects, however the potential for pure profit on this one is likely low, whether that matters.  Using the world community grid is easy.

What else? There's so many coins out there that it's hard to pick just some random clone coin.

[eddilicious]

dump that worldcoin crap , get litecoin and bitcoin and hodl for years.

this thread is awful and should have ended after this post

+1

It seems that the OP is clearly all-in on WDC. Although, the OP should clearly show that by adjusting his siggy...

atm, I will say OP is so lucky, considering the alternative between he lose half value in WDC or his money and coin stuck in gox.

[Lauda]

i respect bitcoin a lot. but there is some altcoin should be considered seriously. Nxt might be the one.

Nxt is a scam.
Altcoins? Not before Gen 2.

[hellscabane]

atm, I will say OP is so lucky, considering the alternative between he lose half value in WDC or his money and coin stuck in gox.

Yeah, maybe the poor guy needs to somehow find a way that he doesn't take such huge concessions from market activity.

[Buffer Overflow]

hahaha, PLOT TWIST

the US FED comes out with their OWN coin. FED coin, Fed coin wins.

Explain the point of a centralised decentralised coin?

[grifferz]

namecoin with it's .bit domain name could be interesting, but it would take support from a major DNS like google for it to work.

Which isn't going to happen because at some point ICANN will sell .bit as a legitimate TLD.

That boat sailed after Apple squatted on .local.

[Jomppe]

It only means that mining will be less and less profitable. Then some people will stop mining and those who stay will remain profitable, also it will drive the price of bitcoins up. Problem will come when all bitcoins are mined in my opinion.

But when there is less mining, the network is more vulnerable.
The coin need to be rewrding to miners as well so that the miners feel mining appealing and profitable enough to mine.

[rammy2k2]

So why exactly do you think bitcoin is going to die 
Why should WDC be a better option, just because of the faster confirmations?

no, because he just likes it ...

[BittBurger]

dump that worldcoin crap , get litecoin and bitcoin and hodl for years.

+1,000,000

[Jomppe]

dump that worldcoin crap , get litecoin and bitcoin and hodl for years.

+1,000,000

Just bought a few WorldCoins 'cause they were cheap.
The future looks quite promising with WorldCoin.

Now the situation is, that WDC is among the top coins - the first confirmation is done within 30 seconds only as I have mentioned here.
I have heared that there are some other coins making fast confirmations as well (faster than WDC). However, they have one major problem that is not solved - the mass creation of orphan blocks.
So, technically WDC is actually optimal coin.

On Christmas time I saw, as someone earlier mentioned, that WDC might correct a little bit. Those days the coin cost 0.00065 BTC, today the coin costs 0.00022 BTC. Check yourself from the historical charts.

Just like with bitcoin, there is a lot of volatility with WDC - so invest only the amount of money that you are able to loose. Some people can afford to loose more and some people cannot afford loose that much. It is very personal thing, but I think it is time to start the transistion.
For long term and "frozen wallets" it doesn't really matter how much did you pay for WDC - the rule in economics goes that the forex rate is determined by the relation in money supply. The relation between the total money supply between BTC/WDC is 0.077.
This means, at the some point the equilibrium rate must be achieved and until that the rate is a bargain.
The reason for the current bargain is, that WDC is still quite young coin (launched in May 2013) and it has still space to grow but if you are doing this long term (read: in cryptoworld I speak almost eternity - 3-5 years) then you are going to not only preserve your wealth but increase it.
Today it is relatively easy to get to the top 10 WorldCoin Rich List. 

[Buffer Overflow]

Just bought a few WorldCoins 'cause they were cheap.
The future looks quite promising with WorldCoin.

Oh dear, someone else has been sucked in.

http://cryptolife.net/exposing-the-worldcoin-scam/

You should pay particular attention to the last paragraph.

LOL  

[Jomppe]

Just bought a few WorldCoins 'cause they were cheap.
The future looks quite promising with WorldCoin.

Oh dear, someone else has been sucked in.

http://cryptolife.net/exposing-the-worldcoin-scam/

You should pay particular attention to the last paragraph.

LOL  

I was aware of this page even when I jumped into the coin.
All it says that somebody has control of 400 000 WDC (compare with Satoshi Nakamoto having 1 000 000 BTC) and that Scharmbeck didn't come to existence. I think many poor bitcoiners lost money in Mt Gox as well. So, WorldCoin community has great empathy on BTC community - especially towards those who lost money in Mt Gox (those who invested in Scharmbeck fee shares of Scharmbeck lost money because Scharmbeck was a failure).

The all time low of WDC is 20 satoshi if I am not mistaken. Do your diligence, the Scharmbeck is not WorldCoin - it could have been a good service for WDC users but it was a disasters for those who invested in it.
This site has a lot of misinformation - I am sure the most people here are smart enough to do the research and find that this page is full of lies. I challenge you to study for yourself.

However, I am not willing to lead this conversation to this direction because this is all about the WorldCoin taking over the crypto-world - not some businesses that failed. We are looking to forward but learning from our previous mistakes.

I am going to answear here more questions and if you guys want to start discussing about the Scharmbeck, I can give you a link to where you can have discussion what is it and what happened. It is not the topic here however.


As a coin worldcoin is not more or not less a scam coin than any other crypto such as BTC or LTC. Personally I consider a coin as a scam coin if the money supply is unlimited (such as some cryptos or USD or euros or yuans or yens or pounds etc.)

[Beliathon]

OP fails to understand cryptocurrency and inflation's most basic tenets.

[Skinnkavaj]

Please stop write BitCoin. It is Bitcoin or bitcoin.

[Jomppe]

OP fails to understand cryptocurrency and inflation's most basic tenets.

Inflation is bad for currency as a store of value. I guess the non-inflationary property of BTC is its strength. That's why WDC has also taken this feature by limiting the Coin supply.

However, at the current state I am quite worried about BTC's future - one of the main drivers of this coin is its decentrilized property due to mining around the world. Now however, I am worried about the current trend of mining centralizing more and more.
This enables the governements to take bitcoin down. This same trend is the threath of all the bitcoinlike cryptos. However, the point with me is to find the best crypto currently available and the coin that has low enough difficulty so that the mining can be truly decentralized.

This is why it is the time to start transfering your bitcoins to the WorldCoins. The good thing is that you do not need to sell your bitcoins for fiat-crab but you can directly buy WorldCoins from the exchanges (Vurcurex, Cryptsy, some China-based exchanges etc).
By the way, currently WorldCoin is gaining much popularity in China - do you remember what happened to bitcoin when China started to get interested into it?

[dissident]

the mistake people make is getting so greedy they don't back one coin... example dogecoin people slowly starting to pump worldcoin.... if even dogecoin holders are not loyal to their currency what chance does some other no name currency have? They are all becoming nameless, faceless currencies and it's hard to find justification to invest in any of them.

With that said there's a reverse head shoulders formation on bitcoin... it's possible that it may have found bottom and could go up from here. I still won't invest at $600 per coin, it's still too concentrated in too few hands. Sorry, it's not worth $10,000 a coin. Drink the kool aid if you want...

[drippx]

I didnt bother to read the OP as I recognize him from touting worldcoin all over the forums, its funny how no one noticed that when reading the replies lol

[neot]

hahaha, PLOT TWIST

the US FED comes out with their OWN coin. FED coin, Fed coin wins.

Sounds like the FED. 

[Jomppe]

I am not here to making people to come to WorldCoin because I will sell all my coins when the price goes up 25 %.
Actually, I am not going to do that.
I see WorldCoin has true potential to be a currency, the rise in price will come along with WDC being the true currency. That is the whole point of me promoting.
I am open - yes I have bought coins because I believe in this coin (if I believed in some other coin I would own it). I do not own any remarkable amount of bitcoins currently because of the reasons I mentioned here earlier.

I understand that the millionaires that were resulted from the rise of bitcoin are perhaps not so interested in making more money - they might have relatively comfort life with their fiat they got from selling their bitcoins.

I know there are a lot of trolls and people promoting "their own coin" - but the WorldCoin is different from those other alts in the sense of market segmentation. The most other altcoins are very niche coins, but WorldCoin is more global.
Actually I was talking to the WorldCoin Facebook-page administrator and he told me one surprising fact on WorldCoin: 40 % of the page likers are females!!! This is very good news if this trend goes on because WorldCoin is becoming truly global currency both males and females.

In my opinion, WorldCoin deserves to be mass adopted. If there are any coin enthusiasts that want to develop the coin, I welcome You to our community. Perhaps you do not go "all-in" which is a smart move. I think the best strategy is to buy little by little or mine the coin.
The coin has very good technical specks but it is not mass adopted yet. If you want to join us to make this coin available for the masses, then please join us. The coin has the potential to be accepted by the merchants because it has so fast confirmation time and therefore the risk of chargeback is irrelevant.

[superresistant]

Nice trolling. Now gtfo.

[Jomppe]

dump that worldcoin crap , get litecoin and bitcoin and hodl for years.

this thread is awful and should have ended after this post

+1

It seems that the OP is clearly all-in on WDC. Although, the OP should clearly show that by adjusting his siggy...

atm, I will say OP is so lucky, considering the alternative between he lose half value in WDC or his money and coin stuck in gox.

Actually WorldCoin community is feeling a lot of empathy towards people who lost money in Mt. Gox.
We were expecting also Scharmbeck taking WDC to 0.077 quite fast, however Scharmbeck made more or less the same thing Mt. Gox did to BTC community.
Now we need to waite somebody comes to make us WDC/USD exchange. This will make WDC price skyrocketing because people know where is the value.
WorldCoin price seem to be stabilized and yes, there is a lot of volatility - but I guess people in BitCoin community has also used to a lot of volatility. These low prices just makes WDC even more appealing. 

[profall]

BitCoin's transaction times are too long. Credit Cards still works faster, and the store knows they have received an authorization right away. No one is going to want to wait around for 10 minutes while a transaction waits to be confirmed.

I own Bitcoin, so I do not want it to die however it's just to slow.

[keithers]

BitCoin's transaction times are too long. Credit Cards still works faster, and the store knows they have received an authorization right away. No one is going to want to wait around for 10 minutes while a transaction waits to be confirmed.

I own Bitcoin, so I do not want it to die however it's just to slow.

Vendors can take unconfirmed transactions if they choose to do so.   Also with credit cards, the buyer can perform chargebacks, and credit cards are just as likely (if not more likely) to get stolen.

I have always said that litecoin could end up being the crypto that is used for day to day purchases because the confirmation times are faster, while bitcoin can be used to store value, or make larger purchases (where waiting doesn't matter)...