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Author Topic: How long are we going to pretend Bitcoin as experiment?  (Read 1519 times)
BTCIndia (OP)
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August 28, 2014, 08:50:21 AM
Last edit: August 28, 2014, 01:09:24 PM by BTCIndia
 #1

Is Bitcoin experiment anymore? I don't think so. Sooner or later its is going to succeeded because of its actives salesman in community.

What is clear line when Bitcoin wont be called experiment anymore?
-When it as accepted as medium-of-exchange in particular country.
-When it will reach X market cap.
-Will it will have X users.
-When it will have have X network rate.

What is defining line?

For me it was never an experiment, the day I read about it.

He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
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August 28, 2014, 08:57:33 AM
 #2

when stocks and shares and dividends are  priced in bitcoin

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August 28, 2014, 08:59:35 AM
 #3

Is Bitcoin experiment anymore? I don't think so. Sooner or later its is going to succeeded because of its actives salesman in community.

What is clear line when Bitcoin wont be called experiment anymore?
-When it as accepted as medium-of-exchange in particular country.
-When it will reach X market cap.
-Will it will have X users.
-When it will have have X network rate.

What is defining line?

For me it was never an experiment, the day I read about it.

 - When OPEC will accept Bitcoin Smiley

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August 28, 2014, 09:37:58 AM
 #4

when you pay your taxes in Bitcoin
Gervais
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August 28, 2014, 10:08:11 AM
 #5

It still is an experiment and it's still on going. It could be a success of turn into a failed experiment, but some parts of it will still live on. None of us can predict where it will truly end up or where it will go, though.
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August 28, 2014, 10:08:27 AM
 #6

when the central authority can turn off transactions that are made by the pedophiles.

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August 28, 2014, 10:14:50 AM
 #7

when the central authority can turn off transactions that are made by the pedophiles.
Not sure if serious  Roll Eyes
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August 28, 2014, 10:15:44 AM
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In my mind, it will always be an experiment since there will always be parts that will need improving. Market cap and adoption is a measurement of how successful this experiment is.

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August 28, 2014, 10:23:34 AM
 #9

version 1.0  Cheesy

Bitcoin will show the world what hard money really is.
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August 28, 2014, 10:24:56 AM
 #10

In my mind, it will always be an experiment since there will always be parts that will need improving. Market cap and adoption is a measurement of how successful this experiment is.

I don't think that's the definition of an experiment. There's many things that work fine but could always benefit from tweaks or improvements. After all, that's what evolution is.
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August 28, 2014, 10:57:07 AM
 #11

Bitcoin have gone beyond the experimental stage to the reality, welcome to the reality of the currency for all.

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August 28, 2014, 11:35:34 AM
 #12

I don't believe bitcoin is in the experimental stages anymore. If that was the case we would not be seeing such big companies accepting bitcoins to be honest because being in an experimental stage it really would not be worth it for them and would cause them losses.
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August 28, 2014, 11:53:03 AM
 #13

After Bitcoin can handle much more transactions. At least 100x more as of now. Still not clear if the increased block size cap to unlimited can work. This is why we are in early test phase.

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August 28, 2014, 12:07:31 PM
 #14

For me Bitcoin will end the experimental phase whenever the main developers launch a "stable" implementation of the Bitcoin protocol.
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August 28, 2014, 12:22:53 PM
 #15

Maybe it's a legal way of not being responsible for all the money people put in to the system. If so, as long as that risk exists it will always be called an "experiment".
BTCIndia (OP)
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August 28, 2014, 01:07:55 PM
 #16

version 1.0  Cheesy

Same pinch brother!

He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
BTCIndia (OP)
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August 28, 2014, 01:11:10 PM
 #17

Maybe it's a legal way of not being responsible for all the money people put in to the system. If so, as long as that risk exists it will always be called an "experiment".

Then our financial system is also experiment. C'mon! I was execpting some specific not vague answer.

He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
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August 28, 2014, 01:11:42 PM
 #18

When people can't live without Bitcoin like handset, Internet, car, Google etc. Bitcoin is still at the beginning stage. Its protocol and Blockchain is not perfect enough.
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August 28, 2014, 01:13:52 PM
 #19

When localized fiat scrip is dead and buried.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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August 28, 2014, 02:15:52 PM
 #20

I tend to agree that we are past the experiment stage. There are still some improvements to be made and some infrastructure to build but it is all ready seen widely as an accepted store of value and some large businesses are accepting it.

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