Bitcoin: Fad, or here to stay?

[ChuckBuck]

Most things "go away" eventually, if you looked at the technology that was in use 10,000 or 1,000 or even 100 years ago, most of it is now obsolete.  I don't think a specific payment protocol like Bitcoin is comparable to general human practices like agriculture or barter, physical phenomena like fire, or fundamental frames of thinking like mathematics.

True, we stopped using that fad called the Internet ages ago too.  Oh wait!   

[R2D221]

Most things "go away" eventually, if you looked at the technology that was in use 10,000 or 1,000 or even 100 years ago, most of it is now obsolete.  I don't think a specific payment protocol like Bitcoin is comparable to general human practices like agriculture or barter, physical phenomena like fire, or fundamental frames of thinking like mathematics.

But the Internet is based on the physical phenomenon of electricity, and Bitcoin is built on top of that and the fundamental frame of thinking of cryptography, a branch of mathematics.

[calvinayrenews]

I think Calvin Ayre on BCT is just a fad.

His web page is broken. The fuck video doesn't even load with adblocker enabled.

Sorry mate.

Here's the video: http://www.youtube.com/watch?v=-9TnW-ZUZ-Y

[totemITnow]

Bitcoins, i'd be inclined to say fad.

I think cryptocurrency will be implemented at some point, though I don't think it will be BTC for 2 reasons.

1. Public mining wouldn't work.  China would be able to mine far cheaper than the US or Europe ever could, and I don't think the US or Europe would be comfortable with giving China that much money and power.

2. It'll be at least a few decades before paper and coin money is no longer needed, and I'm not sure BTC will be the best thing out there when the US is ready.

I dont think goverments will use any decentralized cryptocurrency as main currency. Bitcoin is here to stay for those who like idea of P2P

[IrishFutbol]

Bitcoins, i'd be inclined to say fad.

I think cryptocurrency will be implemented at some point, though I don't think it will be BTC for 2 reasons.

1. Public mining wouldn't work.  China would be able to mine far cheaper than the US or Europe ever could, and I don't think the US or Europe would be comfortable with giving China that much money and power.

2. It'll be at least a few decades before paper and coin money is no longer needed, and I'm not sure BTC will be the best thing out there when the US is ready.

I dont think goverments will use any decentralized cryptocurrency as main currency. Bitcoin is here to stay for those who like idea of P2P

I don't think they would use one either.  I do think they would use a centralized one though.

[jcoin200]

I'd say its here to stay in some way shape or form.  Someone even posted a video of billionaire investor Kevin O'Leary talking about bitcoin on an investing show in which he said he though it was here to stay.  His reasoning was:

1) it hit $1 Billion market cap
2) people started to actually exchange physical goods for bitcoin

And this was about a year ago when he said this, way before it hit the new ATH of over $1000 and before places like Overstock started to accept BTC.  I'd say he knows what hes talking about

[cococoin]

I'm surprised to see so much different and opposite views about btc future

I also feel very surprised, there are so many good suggestions.

[principalg1]

How can we know? It's only 5 years since Bitcoin came out, the course of history will tell

You're right, after all BTC is only 5 years of history.

[Bit_Happy]

How about a long-term "fad" that is here to stay?   
Bitcoin is a revolution.