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AtheistAKASaneBrain
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November 25, 2015, 02:53:55 PM |
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The true Bitcoin economy is p2p, that is, creating an address and start accepting payment yourself directly from your customers, fans, or whatever that is that you do. That's the whole point. I couldn't care less what those payment processing companies do or if they go bankrupt.
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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December 04, 2015, 07:22:18 PM |
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I know nothing of Taiwanese law, though I have some experience with the 'crypto press' getting the details wrong (just sayin'). In Taiwan, does the FSC Chair actually have the power to enact normative law by simple proclamation? |
Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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Daniel91
Legendary
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Activity: 3374
Merit: 1824
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December 04, 2015, 07:47:37 PM |
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If bitcoin ever goes mainstream I'm sure that following will happen: - Price increase - Many more people will buy BTC and use it - Many merchants will accept BTC - We will become reach - My friends will be sorry because they rejected my offer to buy BTC on time  |
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Trading (OP)
Legendary
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Activity: 1455
Merit: 1033
Nothing like healthy scepticism and hard evidence
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December 04, 2015, 09:54:42 PM |
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I know nothing of Taiwanese law, though I have some experience with the 'crypto press' getting the details wrong (just sayin'). In Taiwan, does the FSC Chair actually have the power to enact normative law by simple proclamation? The ban could be an exaggeration, but the kidnapping with a ransom in bitcoin seems to be a fact. It's always bad press. |
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BantamSystems
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Activity: 53
Merit: 0
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December 21, 2015, 06:20:01 PM |
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Bitcoin is programmed to become increasingly scarce every four years, via block reward halving.
Just that alone renders it a viable option for those looking for an effective store of value. Forget the day/weekly/monthly volatility. Short term volatility means nothing if the thing that you're trading has 'PROGRAMMED' restriction of issuance.
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bitsmichel
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December 21, 2015, 06:34:22 PM |
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If bitcoin ever goes mainstream I'm sure that following will happen: - Price increase - Many more people will buy BTC and use it - Many merchants will accept BTC - We will become reach - My friends will be sorry because they rejected my offer to buy BTC on time We would become very rich if bitcoin becomes mainstream. Bitcoin is only a few years old and we are early adapters of this experiment. If bitcoin goes mainstream your friends will be asking you for money  |
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HarryKPeters
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December 21, 2015, 07:05:41 PM |
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If bitcoin ever goes mainstream I'm sure that following will happen: - Price increase - Many more people will buy BTC and use it - Many merchants will accept BTC - We will become reach - My friends will be sorry because they rejected my offer to buy BTC on time We would become very rich if bitcoin becomes mainstream. Bitcoin is only a few years old and we are early adapters of this experiment. If bitcoin goes mainstream your friends will be asking you for money LOl you are right. Because i stepped in mid 2014, I feel I was not there when the bitcoin thingy happened. But in terms of early adopters I (we) are still early adaptors. The potential of bitcoin is big and yes so would we (early) adopters benefit more then the people who join this party later. |
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cellard
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Activity: 1372
Merit: 1252
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December 21, 2015, 07:07:29 PM |
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It's inevitable (that Bitcoin will go mainstream), but fiat isn't going anywhere any time soon. Plenty of time for people to divest. I know I'd keep some USD in a USD side chain.  Actually it would be a good idea for governments to manage their money through a Biatcoin sidechain, but don't forget that this is a currency war and the powers that be are not going to give up on their hegemony so I don't expect them to nicely start using Bitcoin for anything to be honest. This doesn't mean Bitcoin can't go mainstream by itself without goverment approval. |
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mirana12345
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December 21, 2015, 07:58:33 PM |
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If bitcoin ever goes mainstream I'm sure that following will happen: - Price increase - Many more people will buy BTC and use it - Many merchants will accept BTC - We will become reach - My friends will be sorry because they rejected my offer to buy BTC on time We would become very rich if bitcoin becomes mainstream. Bitcoin is only a few years old and we are early adapters of this experiment. If bitcoin goes mainstream your friends will be asking you for money Bitcoin will become mainstream, it's only a matter of time before it happens, even if banks start using only their own blockchains, it will only bring us more exposure. It's hard to explain bitcoin now to people, and move them from fiat to crypto, but if they get familiar with it with banks blockchain, it would be much easier for them to cross to bitcoin. |
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Nimbulan
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December 21, 2015, 08:09:37 PM |
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what do you mean by saying if it will go mainstream? it is pretty much mainstream already and it will start becoming more and more popular since now a lot of new people are getting interested in using bitcoins and new companies start accepting it i hope the price will start going up because of that
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HarryKPeters
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December 21, 2015, 08:31:51 PM |
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what do you mean by saying if it will go mainstream? it is pretty much mainstream already and it will start becoming more and more popular since now a lot of new people are getting interested in using bitcoins and new companies start accepting it i hope the price will start going up because of that
I think OP meant mass adoption. So many common people will start using bitcoin, but also in terms of e-commerce so many webshops starts accepting bitcoin for payments in their shop. Such a thing would give the bitcoinomy a serious boost. |
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Bitcoinbro
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December 21, 2015, 08:33:05 PM |
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If bitcoin goes mainstream, it would mean we holder would be very wealthy.
The biggest holders could even become billionaire's
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Trading (OP)
Legendary
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Activity: 1455
Merit: 1033
Nothing like healthy scepticism and hard evidence
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December 23, 2015, 04:07:27 PM |
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In the OP I wrote about what I mean by "Bitcoin going mainstream".
After considering a few different criteria, I adopted the 10% of people using it. We are still very far from it.
There won't be any need of Bitcoin going mainstream to many bitcoiners get rich. Bitcoiners only need some more adoption.
The post is about the negative consequences of bitcoin going mainstream.
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sanadas
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January 03, 2016, 08:12:28 PM |
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what do you mean by saying if it will go mainstream? it is pretty much mainstream already and it will start becoming more and more popular since now a lot of new people are getting interested in using bitcoins and new companies start accepting it i hope the price will start going up because of that
When the number of user of bitcoin is more than 100 million or the price of bitcoin is $100,000, we can say it is main stream. |
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btcprospecter
Sr. Member
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Activity: 504
Merit: 251
★777Coin.com★ Fun BTC Casino!
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January 03, 2016, 08:19:36 PM |
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I think I all depends on how the average person adopts to it in my mind it is no different from using credit or debit cards I know fine well if I wanted to empty my bank accounts for hard currency I may have to wait a day or two to get it however almost everybody believes in banks and if everyone wanted to withdraw from their bank accounts it would not be possible. So for Bitcoin to go mainstream more and more reputable retailers would have to start adopting it as a form of currency
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bitlancr
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January 04, 2016, 12:56:19 AM |
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I've got no doubt that if it goes mainstream we will see the amount of apps growing instantly.
Most dev's are not aware of this bitcoin technology and therefore they don't develop it.
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illyiller
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January 04, 2016, 01:43:27 AM |
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I think it would be real bad for bitcoin if it goes mainstream. Every one will want to try and control it. The banks, the government and the bigger corporations.
It will eventually be the death of bitcoin.
Fortunately for us, as long as engineering concerns regarding node and miner centralization are taken seriously by bitcoin developers, it cannot be externally controlled in the way that you say. However, that's why these issues are paramount in regards to the block size debate. It is critical that technological bottlenecks are respected to make sure that bitcoin's scale does not overtake its scalability. The death of bitcoin is one with centralized enough nodes that transactions can be censored, as one example. |
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LuckyYOU
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January 04, 2016, 02:15:23 AM |
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The more the merrier. For me bitcoin doesn't have to succeed, it already did. The people made bitcoin and the banks got scared big time. Now it is for them introducing a new scheme  |
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target
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Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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January 04, 2016, 02:43:11 AM |
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While bitcoin will eventually go mainstream, i think this will take years and years still considering the increase of countries banning btc.
Notice that marketing a Bitcoin related website targeting common people on facebook will just be a waste as it would take time to explain from what is bitcoin than to what the site offers. people only have less than a minute of focus viewing an ad.
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