A Single Bitcoin will Worth $100K - Do You Believe it?

[williamj2543]

Question is which crypto?

Probably bitcoin, but possible an altcoin could surpass it if it has just the right features to be a currency.

First identify the 'right' features or focus, if the qualities to look for are known, then it will make identifying the potential currencies easier.

I'm not an expert, so I don't know exactly, but for us to have 1 coin to use mainly, it has to be completely perfect and sustainable for a while. Imagine if cash was designed with some weaknesses, and then they introduced a new type of currency, making your cash useless.

[coinsolidation]

Question is which crypto?

Probably bitcoin, but possible an altcoin could surpass it if it has just the right features to be a currency.

First identify the 'right' features or focus, if the qualities to look for are known, then it will make identifying the potential currencies easier.

Financial services need to be able to be built on top of the blockchain, so XCP or VIA seem like good ideas.

Do they need to be currencies? can they not be bootstrapped or built on any blockchain?

but for us to have 1 coin to use mainly, it has to be completely perfect and sustainable for a while

Sustainable, yes. Fair to say practical? What makes a cryptographic currency impractical is also an interesting question.

[coinsolidation]

The simpler and easier it is, the more people invest to build on it.

I cannot improve on that answer, I have tried to say it before, although it took me a page and you a few words.

Do you mind if I quote you in order to add clarity?

[jubalix]

BitCoin will never probably go that high as it will face competition from newer better altcoins. The total market capitalization off all cryptocoins is expected to increase exponentially but BitCoin's share will gradually decrease.

At some point people have to collectively decide what they're going to get behind. You can't operate a very useful economy if it's hopelessly diluted by countless clones.

altcoins are way behind

Were are the altcoin ATMs, where can you spend your altcoins?

Nowhere, and you can't

end of story.

Altcoins are just a pump and dump pyramid scheme and they don't serve much other purpose.

If any altcoin actually improves on some aspect of bitcoin, it will be far easier to just change that aspect of the bitcoin protocol rather than having to rebuild all the infrastructure over and over.

Bitcoin is finally getting some traction in the physical world and big online companies are starting to notice it and sometimes even thinking about implementing it, but they'll never even stop to think about using scamcoin 3000.

ATM will no longer be needed they are going to disappear.

Mobile BTC device. Thats all you need.

[coinsolidation]

The simpler and easier it is, the more people invest to build on it.

I cannot improve on that answer, I have tried to say it before, although it took me a page and you a few words.

Do you mind if I quote you in order to add clarity?

Absolutely not. Feel free. Reading your essay now.  

Edit: Wow, reading through Bitmark now. Impressive stuff.

Thank you, if you ever feel like discussing something interesting or sharing some insight, please feel free to drop in.

[leex1528]

I guess until they make Bitcoin more secure, and if they reach that high I would imagine you would want something reversible like a bank account...

I mean, if they did get that high I would be absolutely terrified I would be hacked and all of the coins would be gone...

Yes you can take steps to prevent it and all that good stuff but what if I wanted to sell my coins at that point...I would have to put them online for a little bit...

[giveBTCpls]

So what do you guys think about this graphic as seen on the rpietla thread?


Are we there in Bitcoin or not? Can we equiparate Microsoft which is a business, to Bitcoin which is intended to be a currency?