view: bitcoin has hit its full potential

[Xiaoxiao]

if you google "21$ in bitcoin" immediately there is a exchange rate.  Just like any other currency or formula you can google.   Guess what?  The world knows about bitcoin; its capabilities has been shown.  Guess what?  The world is NOT impressed by bitcoin, and uninterested.  Bitcoin is disliked, and is not useful to 95% of the population.

I was around in 2011, and we dreamed of this day, where the world has been exposed to bitcoin.  As the saying goes "be careful what you wish for", there really isn't that much going on for bitcoin, but furthermore, the future of bitcoin.

Bitcoin is not really decentralized, anonymous, or easy to use.  Any entity that tries to improve bitcoin is not in it to really improve bitcoin, but to monopolize some kind of service that is good for bitcoin in the short run but destroys it in the long run.  Coinbase, mtgox, etc etc...

Bitcoin is centralized in the fact that it is only as good as the developers, and the developers are total stone degenerates.  Bitcoin is doomed to be something that just "didn't work" when we look back at in hindsight.  Just like another penny stock that was selling for hundreds of dollars a share during the .com bubble.  5 years from now (if this forum still exists), someone will bump this thread and facepalm at their ignorance.

[mailmansDOGE]

Bitcoin is not really decentralized,

It's as decentralised a currency can get.

anonymous,

It is with the use of tools.

or easy to use.  

It is and it's becoming easier to use month by month as new applications come in to help adoption.

You got everything wrong in that sentence.

[jcoin200]

It is and it's becoming easier to use month by month as new applications come in to help adoption.

You got everything wrong in that sentence.

Its still just as hard to get your hands on btc as it was a year ago.  And using it hasn't changed much, you can still scan a qr code, but you can do that with other payment systems too.  Btc may protect against chargebacks, but if you send to a wrong address there is nothing you can do about it.  this is enough to scare off most people.  the first time someone lost coins by sending to a wrong address or was scammed somehow dealing with btc they are going to stop going through the hastle and give up on it.  the only thing btc now has for a hope of price increase is investor money coming in, however I think that will only cause short price spikes (like yesterday) and then they will quickly sell and make easy money.

[bananaControl]

Why is it that so many people can't understand that bitcoin isn't a finished product ready for mainstream yet? 

[Capt Drake]

Man, your posts are getting really annoying..

[sublime5447]

I couldn't agree more OP it is a failure. 

[Tzupy]

While I agree with the OP that bitcoin has pretty much reached it's full potential on a technology scale,
the lag in public perception may lead to a widespread understanding of this only much later, I hope in 2017.

[bananaControl]

While I agree with the OP that bitcoin has pretty much reached it's full potential on a technology scale,
the lag in public perception may lead to a widespread understanding of this only much later, I hope in 2017.

Are you kidding?

Jesus people, where's your imagination and insight into the actual development of various bitcoin related projects?

[oblivi]

It's unacurate to say Bitcoin its know "by the world", what the fuck that even means when if you go to the street and ask 10 people, probably 1 or even 0 will know what Bitcoin is. Go and try it actually.

[vipgelsi]

Bitcoin needs a few more years to really hit mainstream.

[trizma]

bitcoin has not even scratched its potential.


~ $100,000 per bitcoin in the next 5 yrs ~

[Torque]

OP says bitcoin hit its full potential, when only 2-3M people out of 7B worldwide actually have any bitcoin yet?

[sublime5447]

Point is that only 2-3 million people will ever have bitcoin because it is a failure and no one gives a fuck about it, and why would they? Most people dont give a shit and there is no good reason for them to start caring, bitcoin doesn't fix any problems the blockchain does , but the coin itself does not. 

[inca]

Point is that only 2-3 million people will ever have bitcoin because it is a failure and no one gives a fuck about it, and why would they? Most people dont give a shit and there is no good reason for them to start caring, bitcoin doesn't fix any problems the blockchain does , but the coin itself does not. 

Someone tell PayPal, Expedia. Dell, newegg, overstock, dish etc..

Plonker.

[adamstgBit]

OP, go buy an ounce of gold.

[sublime5447]

Point is that only 2-3 million people will ever have bitcoin because it is a failure and no one gives a fuck about it, and why would they? Most people dont give a shit and there is no good reason for them to start caring, bitcoin doesn't fix any problems the blockchain does , but the coin itself does not. 

Someone tell PayPal, Expedia. Dell, newegg, overstock, dish etc..

Plonker.

And yet the price continues tanking and the daily transaction volumes keep falling. 

[greaterfool]

Xiaoxiao are you still holding any bitcoins?

I want to help you get rid of them - how about 1 dollar each? We both agree they aren't worth anything at all, so a dollar per BTC is quite a deal. I will even buy your satoshis! Deal?

[ChuckBuck]

Full potential after 5 years?  

Bitcoin Core is still 0.9.2.1.  The entire Bitcoin development is effectively still in Beta phase.

We are still in the Innovation/early adopther phase of this curve.  Not even a fraction of full potential.

[inca]

Point is that only 2-3 million people will ever have bitcoin because it is a failure and no one gives a fuck about it, and why would they? Most people dont give a shit and there is no good reason for them to start caring, bitcoin doesn't fix any problems the blockchain does , but the coin itself does not. 

Someone tell PayPal, Expedia. Dell, newegg, overstock, dish etc..

Plonker.

And yet the price continues tanking and the daily transaction volumes keep falling. 

You do understand nothing goes straight up right? Try zooming out on the price and transaction volume charts.

[impulse]

And yet the price continues tanking and the daily transaction volumes keep falling. 

You are misinformed, daily transactions are near an all time high:

https://blockchain.info/charts/n-transactions
https://blockchain.info/charts/n-transactions-excluding-popular