view: bitcoin has hit its full potential

[Robert Paulson]

many people in here preaching about the death of the dollar. when, pray tell, is this going to happen? i won't act like fiat money can last forever.... but things are in pretty damn good shape considering we were on the verge of a systemic collapse in 2008. i've been hearing this doomsday shit since before then as well.

the day China stops financing America and its only choice is to use the printing press.

yeah, been hearing that one forever as well. hehe, i just think it's funny, i've been hearing this same stuff for so many years now. i gave up preparing for doomsday a long time ago.... cross that bridge when we get there.... we'll see what the US military has to say about things as well (hate to say it)....

the US military has nothing to eat if China stops paying for it.

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[NotLambchop]

many people in here preaching about the death of the dollar. when, pray tell, is this going to happen? i won't act like fiat money can last forever.... but things are in pretty damn good shape considering we were on the verge of a systemic collapse in 2008. i've been hearing this doomsday shit since before then as well.

the day China stops financing America and its only choice is to use the printing press.

yeah, been hearing that one forever as well. hehe, i just think it's funny, i've been hearing this same stuff for so many years now. i gave up preparing for doomsday a long time ago.... cross that bridge when we get there.... we'll see what the US military has to say about things as well (hate to say it)....

the US military has nothing to eat if China stops paying for it.

US soldiers are trained to eat the people they kill.  That's the main reason US has switched to non-toxic, lead-free bullets.



Die, running dog imperialist expansionist pig, die!

[Ayers]

Bitcoin is not really decentralized,

It's as decentralised a currency can get.

the mining aspect surely isn't, a major work is needed there, to prevent monopolization and 51% attack

[blade87]

Just quoting this from another thread, because while I have been bearish lately for the short term (but still bullish long term), I don't think BTC is anywhere near its full potential. This below, is BTC reaching its full potential, imo.

If a company can pay its staff with BTC, then it is possible for the BTC price to be higher.

We need jobs getting paid with BTC, otherwise its pointless becuase only early investors can have BTC, most people will not risk their fiat. The fundamental part of a successful currency is salaries being paid on it.

This is actually what would probably be needed to drive BTC to $10,000 and beyond. Even something small like 5-10% of salaries, and people wouldn't really think twice about it. It would just be done, and it would create this large and constant upward buying pressure. If this got out of control to the point where everyone was doing it, BTC probably would go to $100,000 even. The amount of BTC being bought from just small fractions of all salaries would be huge.

First we need the big mass adoption phase, which will hopefully come in 2015 with Paypal integration. Then we should BTC acceptance popping up everywhere. Only then will the majority of people start accepting BTC is not a scam. From there it could happen that people start requesting small fractions of their salary people paid in BTC. This to me would be BTC reaching its full potential. It would be out of the speculation phase at this point.

Unfortunately I just don't see it happening so quickly. Realistically, I'd expect some like this to pick up pace 2018-2020. Mass acceptance isn't going to happen overnight even with Paypal integration. You'll still have people bitter towards BTC that are going to require nothing more than time to soften up towards it.

Posted about DOGE ironically, but BTC itself is maybe at the point where there are 3 people dancing in this video right before the rest of the mob comes in : https://www.youtube.com/watch?v=fW8amMCVAJQ

Soon you'll be ridiculed for not being a part of BTC! (just after capitulation that is - which is represented by dancers falling in the video)

[Chris_Sabian]

Xiaoxiao is just upset that since he 'was around in 2011' that he didn't buy the really cheap coins and watch the huge rise in price.

And he is a just a shill account.

[pitham1]

Xiaoxiao is just upset that since he 'was around in 2011' that he didn't buy the really cheap coins and watch the huge rise in price.

And he is a just a shill account.

A lot of us wish we were aware of bitcoins in 2011. 

[Gimmelfarb]

Xiaoxiao is just upset that since he 'was around in 2011' that he didn't buy the really cheap coins and watch the huge rise in price.

And he is a just a shill account.

A lot of us wish we were aware of bitcoins in 2011. 

it's easy to say that in hindsight, 2 bubbles later. i was aware of bitcoins in 2011, and during/after the bear market (to $2), bitcoin looked to be a laughing stock, a pump and dump. kudos to those who got in that low or held on from higher up. much easier to say that you'd have bought back then, now.