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CoinMode
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June 29, 2014, 01:21:27 PM |
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Bitcoin cant be bigger than facebook .
Just like a USD are not the biggest in the whole world .
Your logic is so genius that it only makes sense to yourself. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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tokeweed
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Activity: 3948
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Life, Love and Laughter...
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June 29, 2014, 01:50:34 PM |
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Bitcoin cant be bigger than facebook .
Just like a USD are not the biggest in the whole world .
Your logic is so genius that it only makes sense to yourself. he's chinese, so cny is the biggest in the world. j/k.  |
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lihuajkl
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Activity: 1596
Merit: 1000
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June 29, 2014, 02:47:05 PM |
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Do they mean Bitcoin's market cap will be greater than Facebook.
Hopefully they mean popularity instead, I mean number of people using it. Is Bitcoin ready for Billion of users actively using it ? Not ready for the time being. There are still all of issues that is needed to be addressed in Bitcoin. The majority of people don't know bitcoin or misunderstands it. |
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monim1
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June 29, 2014, 02:58:55 PM |
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I don't understand what is the point of comparing Bitcoin with Facebook.
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gotfrid22
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June 29, 2014, 03:29:36 PM |
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Facebook is used by pretty much anyone who has internet. Theoretically bitcoin can become just as popular but not more popular unless facebook nosedives. We can't have more users than "pretty much anyone who uses internet", can we?
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DannyElfman
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June 29, 2014, 04:19:06 PM |
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Facebook is used by pretty much anyone who has internet. Theoretically bitcoin can become just as popular but not more popular unless facebook nosedives. We can't have more users than "pretty much anyone who uses internet", can we?
There are roughly 1 billion people on facebook, there are many more people who have access to and use the internet |
This spot for rent.
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ChiefTime
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June 29, 2014, 05:26:43 PM |
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So you mean to tell me that a couple of goofballs who hate Facebook and who have a bunch of real money tied up in bitcoins say that bitcoins will be bigger than Facebook?
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jonald_fyookball
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Core dev leaves me neg feedback #abuse #political
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June 29, 2014, 05:58:03 PM |
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Bitcoin is already the biggest computational network on the planet.
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bitcoinbit111
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June 29, 2014, 06:14:31 PM |
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Do they mean Bitcoin's market cap will be greater than Facebook.
Hopefully they mean popularity instead, I mean number of people using it. Is Bitcoin ready for Billion of users actively using it ? Not in the current state, but hopefully it is ready when it needs to be ready. The questions you should be asking yourselves and trying to answer ABOVE ALL ELSE are: Why is the average slob not using bitcoin? AND What can "I do" to make bitcoin convenient and accessible to the average slob? Come up with simple answers to those questions and yes bitcoin will be BIG. Until then its still for "nerds" lol. I'm not trying to be hateful, I'm just sharing my observations so far.  BONUS QUESTION: Why should the average slob care about BTC or $ when credit will suffice? |
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newIndia
Legendary
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Activity: 2198
Merit: 1049
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July 01, 2014, 01:03:46 AM |
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Facebook is used by pretty much anyone who has internet. Theoretically bitcoin can become just as popular but not more popular unless facebook nosedives. We can't have more users than "pretty much anyone who uses internet", can we?
U live in the wrong side of the earth, if u think... internet population = facebook population |
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daviducsb
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July 01, 2014, 01:06:28 AM |
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For answer to this Q, please see the thread I started about bitcoin's killer app that people are oddly not giving enough credence to. The ability to earn interest should entice mom and pop. Do they mean Bitcoin's market cap will be greater than Facebook.
Hopefully they mean popularity instead, I mean number of people using it. Is Bitcoin ready for Billion of users actively using it ? Not in the current state, but hopefully it is ready when it needs to be ready. The questions you should be asking yourselves and trying to answer ABOVE ALL ELSE are: Why is the average slob not using bitcoin? AND What can "I do" to make bitcoin convenient and accessible to the average slob? Come up with simple answers to those questions and yes bitcoin will be BIG. Until then its still for "nerds" lol. I'm not trying to be hateful, I'm just sharing my observations so far. BONUS QUESTION: Why should the average slob care about BTC or $ when credit will suffice? |
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novacn
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July 01, 2014, 05:59:24 AM |
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Maybe better compare it with the advent of Internet.
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Sydboy
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July 01, 2014, 12:19:01 PM |
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Doesn't facebook have a credit system or something you can buy already.
not like bitcoin at all, but their own facebook currency ?
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leex1528
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July 01, 2014, 01:26:26 PM |
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I think it won't even come close to as big as Facebook.
Plus like others have said, they are 2 different things.
My example is I have a lot of older relatives who got into Facebook so they could stay in touch with some friends and family. They simply will never go to Bitcoin. It would be far to confusing for them(even though its not confusing) They don't care about a lot of the technology. They are retiring soon anyway, but they will still use Facebook and I can't imagine I have the only family in the world that has members like it.
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Dogtanian
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July 01, 2014, 02:14:33 PM |
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I'm not sure wether it will become bigger than facebook but it easily could be. Everyone uses money but not everyone uses social networks. I think it won't even come close to as big as Facebook.
Plus like others have said, they are 2 different things.
My example is I have a lot of older relatives who got into Facebook so they could stay in touch with some friends and family. They simply will never go to Bitcoin. It would be far to confusing for them(even though its not confusing) They don't care about a lot of the technology. They are retiring soon anyway, but they will still use Facebook and I can't imagine I have the only family in the world that has members like it.
If they can figure out Facebook why can they not figure out bitcoin? What makes a blockchain.info wallet any more complicated than online banking or PayPal? |
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newIndia
Legendary
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Activity: 2198
Merit: 1049
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July 01, 2014, 02:17:38 PM |
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I'm not sure wether it will become bigger than facebook but it easily could be. Everyone uses money but not everyone uses social networks. I think it won't even come close to as big as Facebook.
Plus like others have said, they are 2 different things.
My example is I have a lot of older relatives who got into Facebook so they could stay in touch with some friends and family. They simply will never go to Bitcoin. It would be far to confusing for them(even though its not confusing) They don't care about a lot of the technology. They are retiring soon anyway, but they will still use Facebook and I can't imagine I have the only family in the world that has members like it.
If they can figure out Facebook why can they not figure out bitcoin? What makes a blockchain.info wallet any more complicated than online banking or PayPal? Because FB is a social n/w, whereas BTC is a financial instrument. People tend to trust govt as long as financial instrument is concerned. Only people's extra money is coming to BTC, NOT heard earned money, whereas FB does not require money at all !!! |
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leezay
Full Member
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Activity: 363
Merit: 100
SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN
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July 01, 2014, 02:53:58 PM |
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Both compete in their own domain.
Hard to say which come out ahead.
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leex1528
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July 01, 2014, 03:46:47 PM |
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I'm not sure wether it will become bigger than facebook but it easily could be. Everyone uses money but not everyone uses social networks. I think it won't even come close to as big as Facebook.
Plus like others have said, they are 2 different things.
My example is I have a lot of older relatives who got into Facebook so they could stay in touch with some friends and family. They simply will never go to Bitcoin. It would be far to confusing for them(even though its not confusing) They don't care about a lot of the technology. They are retiring soon anyway, but they will still use Facebook and I can't imagine I have the only family in the world that has members like it.
If they can figure out Facebook why can they not figure out bitcoin? What makes a blockchain.info wallet any more complicated than online banking or PayPal? I am not saying they are experts at Facebook, but they are decent enough to where they don't mess up all the time. What if they do mess up on Facebook? Oh well no big deal. What if they mess up on Bitcoin and send to the wrong address, or get scammed....way to many ways for them to actually lose their money, and I don't think they would be interested in it. |
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DannyElfman
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July 02, 2014, 05:13:31 AM |
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...
If they can figure out Facebook why can they not figure out bitcoin? What makes a blockchain.info wallet any more complicated than online banking or PayPal?
The blockchain.info wallet itself is really simpler then online banking or paypal, the issue is that it is much easier to have your coins stolen then either of the two above. There are also more phishing attempts against blockchain.info wallets |
This spot for rent.
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iluvpie60
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July 02, 2014, 12:47:35 PM |
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You do realize Zuckerberg stole their idea, he got sued by the Winklevoss twins and lost because HE DID SOME SHIFTY SHIT. That is why they are comparing it to Facebook lol. |
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