Bitcoin will be bigger than Facebook

[devonne]

Very hilarious comparing the two.They are both different platforms.

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[Cream]

Its possible, because I think fb has reached its peak now..time for a decrement..

[bellicose]

Looking for 10 differences:

* Green and Wet
* Loud and Cold
* FireFox and C#
* Bitcoin and Facebook

[melisande]

Winklevoss twins: Bitcoin will be bigger than Facebook. The brothers, two of the most influential players in a new generation of investors, say bitcoin will encourage financial openness.

http://www.ahametals.com/bitcoin-bigger-than-facebook/

I agree it will encourage financial openness  but don't you realize they are both different platforms.

[vitalemontea]

Doubtful

[minerpumpkin]

It could be bigger one day, either if Facebook goes bust, or Bitcoin really gets accepted as the useful tool of transferring money - like a backbone-protocol so to say. But it needs to get easier, needs to be accepted by the wide public and really offer advantages to people.

[TheJohn]

Winklevoss twins: Bitcoin will be bigger than Facebook. The brothers, two of the most influential players in a new generation of investors, say bitcoin will encourage financial openness.

http://www.ahametals.com/bitcoin-bigger-than-facebook/

But more people know facebook as compare to bitcoin, so what is the article trying to prove?

[jazzhot]

When bitcoin will be bigger than facebook, most users of this forum will be millionaires.

[MoonRise]

Bitcoin and facebook are relevantly two different things and there is no way you compare one with the other while they are not similar

[alwinlinzee]

When bitcoin will be bigger than facebook, most users of this forum will be millionaires.

Exactly i would probably be a rolling in trillions of btc's if this happens.

[EndlessStory]

Its possible that btc will have more investors, but its only theory. However I do see a high chances of that happening. Tons of people have made their lives by investing in BTC.

[noel57]

This is quite achievable but the only setback for now is time.

[giveBTCpls]

We need the Blockchain.info rebranded and made nicely. I think Amazon buying Blockchain.info would make sense. That would make Bitcoin explode, but of course we never know the intentions behind Amazon owners.

[Candystripes]

They are not competitors, and Facebook will be the biggest thing on the Internet for the next 5 years at least.

[Wooden Plate]

Bitcoin will have more investors in future than bitcoin because its growing and people are more willing to use it now.

Thats a clear truth.

[zahra4571]

Compare the time of popularity increasing at both sides and you will see what boom fb made.
Bitcoin is harder to understand and its not simple service like fb, btc cant be compared with it because fb its not payment service,
You can compare it with Paypal or some other payment service.

[blablaace]

Bitcoin and facebook are relevantly two different things and there is no way you compare one with the other while they are not similar

agreed with you

[Hobbes2]

I think comparing bitcoin to facebook is kind of like comparing apples to oranges. Bitcoin is a P2P "currency" while Facebook is a social network. The uses of the two platforms are just too different, somebody can use both, one of them or neither.

[itsAj]

I highly doubt BTC will have more users than FB>..because FB is used by everyone from kids to teens, adults and aged. And not everyone wants to use BTC

What about the likelihood of bitcoin replacing every currency in the world though?  At that point, even allowances would be given in bitcoin.

It would take a lot for bitcoin to potentially replace any fiat based currency that exists today, let along every fiat based currency. It really would not be able to replace currencies like the dollar, euro, british pound or the yen because their governments are so influential worldwide and would likely not accept anything other then their own local currency for payment of taxes.

But if everyone stopped using the fiat the government's own money would be useless, it wouldn't be accepted by others because nobody would be paid in it.  What do governments use taxes for, police, war, firefighters, infrastructure etc.

So let's say all of these workers are only using bitcoin, well the government can't pay them because they won't take it, it's worthless.  The government is already attempting to impose taxes upon BTC, why wouldn't you think they'll succeed?  Once they do I am pretty sure they won't care what money we use - the problem is the banks themselves who have the control over our government at the moment.

The government has too much influence for this to be possible. In order for a movement like the one you describe to potentially be successful the people demanding to be paid in bitcoin must be willing to work elsewhere if they will not be paid in bitcoin. The problem is that there is little to no demand for this kind of work outside of the government. So these people would not have the skills to work a a job that would pay them for their potential because they would not be able to utilize all their skills.

I don't think it would be a demanding sort of situation where they say up front "PAY US IN BITCOIN." I think it would be much more gradual, something like this.

1. Slowly bitcoin becomes accepted everywhere, much like a credit card.
2. People start to realize bitcoin is easier and safer than credit cards (which at current it isn't easier, but by then it will be)
3. Some businesses start to offer bitcoin as an alternative method of payment (some already have started this)
4. All business offer bitcoin as an alternative choice
5. Slowly fiat as a source of pay is no longer an option at some businesses
6. Eventually once less than 10% of the population is taking their pay in fiat, BTC will become standard pay at all junctures
7. Governments will be paying out in bitcoin because they need to compete to keep a workforce employed.

This change would probably kick off once step 1 was complete, and a company springs up that offers to convert your paycheck to BTC instantly upon arrival but they'll take a cut as the service, this will cause employees to ask their place of business to do it directly since they don't want to pay a 1% fee on every paycheck just to have it in the common currency.

I'm not saying this is likely, but very possible.

Bitcoin will not ever be safer then using credit cards for consumers. Credit cards offer many consumer protections that protect them in the event they get ripped off. Bitcoin does not have this, the fact that bitcoin transactions are not reversible is one of it's selling points. What will get bitcoin to continue to grow is that fact that it is cheaper then credit cards and other payment methods.

[marcus_of_augustus]

FB will be a footnote in history as a temporary social fad for kids, gossips, exhibitionists and sundry show-offs. It is a simple server-client web app and some code for farming data from idiotic sheeple who can't see through the con.

It is not even in the same league as Bitcoin which is a revolution in the fundamental technology used for the efficient functioning of markets, economies and resource allocation.