Has Bitcoin already won ?

[Thavash]

https://youtu.be/UF528l8fqKk

Bitcoin is pretty much already considered Gold 2.0. Is that enough ? Does it still need to become a currency from here on ? Or is it the new "Gold Standard" that other currencies will be measured by ?

[mk4]

It can be both. It shouldn't be one or the other. While I think bitcoin is in a decent state already, but why should we stop there? Why not continue to improve the ecosystem to make it better? And that's why people are developing second layer solutions for better privacy and better transaction scalability.

[joelsamuya]

The beauty and one of the many advantages of Bitcoin over the physical gold is that it can be the safe haven (store of value) and currency at the same time. i could not understand why there are some people are so impatient when we still don't have massive adoption for Bitcoin when it is so clear that it can really take time to shift from the traditional fiat monies we are using to something that is digital in nature. Bitcoin has so many potential under its sleeves and we are lucky enough to be witnesses to the unfolding of its everyday history in the making.

[AjithBtc]

Being in the market with usage and userbase increasing everyday it has already secured its place and has won in different ways as it is a multipurpose asset. With this we can't limit its growth, there needs continued advancement to meet the growing needs of the common people. Compared to the day it came to usage what it has attained is big, but compared to the fiat it is still an infant. So there is more to come.

[dothebeats]

The beauty of bitcoin is its versatility as a financial tool and an asset at the same time. I would say it won its battles only if we see its applications manifesting in the real world on a large scale, not only in underground economies and illicit trades where it is commonly used. Well it's an uphill battle IMO, mostly due to the government's participation in trying to make the scene harder to penetrate plus the continuous fear-mongering done by banks regarding bitcoin--but it's doable and winnable.

[yoseph]

It can be both. It shouldn't be one or the other. While I think bitcoin is in a decent state already, but why should we stop there? Why not continue to improve the ecosystem to make it better? And that's why people are developing second layer solutions for better privacy and better transaction scalability.

I believe that the greatest victory for Bitcoin will come when major retail companies like Amazon, Best Buy and the rest starts to accept it as a means of payment. I am sure that a time will come when they start doing that very soon.

[mk4]

I believe that the greatest victory for Bitcoin will come when major retail companies like Amazon, Best Buy and the rest starts to accept it as a means of payment. I am sure that a time will come when they start doing that very soon.

While these big businesses accepting bitcoin is definitely going to be great for bitcoin users, bitcoin can still be victorious without these businesses. All bitcoin need is to continue to be secure, decentralized, and hopefully continuously increasing market liquidity as time goes for bitcoin to be decently "stable" enough in price for the masses and the big players to be comfortable in leaving their life savings in bitcoin rather than fiat and or gold.

[evader11]

We have known for a long time that Bitcoin is the winner because it is the beginning of all crypto currencies, without Bitcoin, they are not made. Wise people just got the idea of how bitcoin is created so they created their own blockchain. And also it is trusted and famous coin because even young people nowadays knows bitcoin.

[OmegaStarScream]

I believe that the greatest victory for Bitcoin will come when major retail companies like Amazon, Best Buy and the rest starts to accept it as a means of payment. I am sure that a time will come when they start doing that very soon.

Not necessarily. If they're going to accept bitcoin using payment processors like BitPay that helps to get our privacy thrown of the window, then better not have that. Besides, these companies would probably convert their earnings to fiat so honestly, I don't think that major retailers adopting bitcoin is as important as some people make it look like.

[bitart]

I believe that the greatest victory for Bitcoin will come when major retail companies like Amazon, Best Buy and the rest starts to accept it as a means of payment. I am sure that a time will come when they start doing that very soon.

Not necessarily. If they're going to accept bitcoin using payment processors like BitPay that helps to get our privacy thrown of the window, then better not have that. Besides, these companies would probably convert their earnings to fiat so honestly, I don't think that major retailers adopting bitcoin is as important as some people make it look like.

They do it for e.g. marketing purposes, not because of bitcoin itself...
In Europe, a Czech retailer Alza accepts bitcoin, but converts it on the fly to fiat and the invoice contains the fiat value, so it's nothing to do with bitcoin for them.
They just can't risk to accept it and store it while the exchange rate is so volatile, because they work with tight margins and if the exchange rate change eats up their profit, they can close their store in the end...
So, they accept it but receive fiat, they're fine with it, and they can advertise themselves as a store that accepts bitcoin... Also, they can find new customers who have bitcoin but don't have fiat and they don't want to exchange it thru exchanges/localbitcoins/etc... it's easier to pay with bitcoin in a webshop for them (although the exchange rate could be as bad as the localbitcoin rates...)
Also, some of the people who have bitcoin, could think about bitcoin as an 'easy come, easy go' thing based on the method they got their bitcoin (mining, bounties, etc...) and they could shop things for bitcoin easier compared to their fiat (because they work hard everyday for their fiat)

[Jet Cash]

Why does Bitcoin have to "win". You might as well say which is better - a car or a boat? Of course it depends if you are on a road or a river, and neither is any good if you are trying to fly.

[Thavash]

Hmmm.... not sure if you guys watched the video , but my point was that a globally trusted store of value is a lot more important to global economics than a single currency.

[BrewMaster]

bitcoin is a currency, and it has always been a currency from the start. then a lot of speculators came along because price was going up constantly and they could make profit and they started calling bitcoin "gold 2.0" otherwise bitcoin is still the same "digital peer to peer cash" that Satoshi created back in 2008.
store of value alone doesn't mean anything if bitcoin weren't a currency in first place.

[rahmatullah9305]

If indeed it can be expected globally, Bitcoin is expected to support greater international trade. These benefits are not only obtained by business actors, but also countries that conduct transactions. Although in a global sense, really strict regulations are needed, it seems that the idea of using Bitcoin in international trade is impossible.

[pawanjain]

https://youtu.be/UF528l8fqKk

Bitcoin is pretty much already considered Gold 2.0. Is that enough ? Does it still need to become a currency from here on ? Or is it the new "Gold Standard" that other currencies will be measured by ?

It definitely isn't enough. Many countries are crypto friendly but most of the countries have not yet accepted cryptocurrencies as a payment method.
So there is pretty much a long way ahead for bitcoin. Satoshi's vision was to see bitcoin being used as a globally accepted decentralized currency and that is still not been achieved.
Only when bitcoin starts being used globally, we might say that now it's enough for bitcoin 

[kryptqnick]

https://youtu.be/UF528l8fqKk

Bitcoin is pretty much already considered Gold 2.0. Is that enough ? Does it still need to become a currency from here on ? Or is it the new "Gold Standard" that other currencies will be measured by ?

It's true that Bitcoin can be neither or both. There can be something that is both a good investment opportunity and the standard against which the value of other coins is measured. After all, that's what gold used to be when dollar was backed up by it, right? At the same time, despite the great improvements that Bitcoin went through, and a seemingly big popularity boost, we are here actually living in a bubble and overestimating its role for the world. There are no more than 100 million crypto users out there, in the world with 7.7 billion population. So it's about 1% of the population currently using it, which is a very small number. And the rates of adoption are not promising so far.

[pixie85]

For me it's enough that it's gold 2.0. I don't see it as a global payment tool because there will be some cheaper and faster ways to do it and people like convenience. They want their precious bitcoins to stay safe at home for a doomsday collapse scenario and spend all the crappy altcoins and fiat.

It's already happening and the altcoin charts from the last year are confirming it.

[carter34]

It can be a measure for other coins yes. As we already measure it price increase and relate it to what is happening to altcoins is enough to say it is like the mirror for them. But whether it is gold, well for me, it is not physical though but is playing a role that conversion that of gold and a currency.

[antisocial77]

When we compare gold and bitcoin, we harm bitcoin i think.ofcourse we believe that bitcoin will be at better place but we want it now and that doesnt help bitcoin.

[coinycoiny]

https://youtu.be/UF528l8fqKk

Bitcoin is pretty much already considered Gold 2.0. Is that enough ? Does it still need to become a currency from here on ? Or is it the new "Gold Standard" that other currencies will be measured by ?

I think you mean Tulip 2.0