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scryptolife
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November 29, 2014, 10:09:43 PM
 #61

Bitcoin isn't internet. Internet is something that has no alternative. We can currently pay in fiat and I am quite sure that we will be able to do that in 2100. I don't think Bitcoin will ever replace fiat. Governments simply has so much power.

Bitcoin is non-inflatory. That allows it to be used as a storage of value. It will be safe heaven for investors and it's volatility will be used to gain wealth. These reasons could tempt new investors in and that way increase Bitcoins market cap. If we see inflation as a way to move money from poor peoples pocket to rich peoples then the rich are fine with fiat and the rest of the world are fine with it as well.

Neither of these scenarios will lead to higher adoption but higher value only.
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November 29, 2014, 10:58:33 PM
 #62

What OP said is very clear and makes me remember and smile  Grin

Of course 5 years after the Internet first appearance, it was nothing important. But think about where we are now.
As well, some people don't know what we really have with bitcoin. We have freedom, decentralization and open-source economy concept. That's very powerful!

HODL!
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November 29, 2014, 11:04:50 PM
 #63

What OP said is very clear and makes me remember and smile  Grin

Of course 5 years after the Internet first appearance, it was nothing important. But think about where we are now.
As well, some people don't know what we really have with bitcoin. We have freedom, decentralization and open-source economy concept. That's very powerful!

Bitcoin is only in the beginning. Just wait for the next growth phase, many will be surprised. Patience is a virtue!!
scryptolife
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November 29, 2014, 11:27:10 PM
 #64

What OP said is very clear and makes me remember and smile  Grin

Of course 5 years after the Internet first appearance, it was nothing important. But think about where we are now.
As well, some people don't know what we really have with bitcoin. We have freedom, decentralization and open-source economy concept. That's very powerful!

Bitcoin is only in the beginning. Just wait for the next growth phase, many will be surprised. Patience is a virtue!!
Yes, patience. If we watch how people are selling on every low. This is the resource so many seem to lack.
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November 30, 2014, 01:13:45 AM
 #65

Bitcoin isn't internet. Internet is something that has no alternative. We can currently pay in fiat and I am quite sure that we will be able to do that in 2100. I don't think Bitcoin will ever replace fiat. Governments simply has so much power.

Bitcoin is non-inflatory. That allows it to be used as a storage of value. It will be safe heaven for investors and it's volatility will be used to gain wealth. These reasons could tempt new investors in and that way increase Bitcoins market cap. If we see inflation as a way to move money from poor peoples pocket to rich peoples then the rich are fine with fiat and the rest of the world are fine with it as well.

Neither of these scenarios will lead to higher adoption but higher value only.

Adoption with come with marketing. Marketing is everything specially these days. Make it trendy among young people and bang, bitcoin everywhere.
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November 30, 2014, 10:32:51 AM
 #66

Bitcoin isn't internet. Internet is something that has no alternative.



Bitcoin share with Internet its decentralized nature.

Moreover, why do you think Internet has no alternative?
Depending on the use you make with Internet, the alternatives could be TVs, Books, Phones, ect.

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scryptolife
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November 30, 2014, 11:07:22 AM
Last edit: November 30, 2014, 11:47:27 AM by scryptolife
 #67

Bitcoin isn't internet. Internet is something that has no alternative. We can currently pay in fiat and I am quite sure that we will be able to do that in 2100. I don't think Bitcoin will ever replace fiat. Governments simply has so much power.

Bitcoin is non-inflatory. That allows it to be used as a storage of value. It will be safe heaven for investors and it's volatility will be used to gain wealth. These reasons could tempt new investors in and that way increase Bitcoins market cap. If we see inflation as a way to move money from poor peoples pocket to rich peoples then the rich are fine with fiat and the rest of the world are fine with it as well.

Neither of these scenarios will lead to higher adoption but higher value only.

Adoption with come with marketing. Marketing is everything specially these days. Make it trendy among young people and bang, bitcoin everywhere.
But I think fiat has better marketing. It has central banks behind and those define what is money and what isn't. They have almost unlimited resources for marketing and majority of people still trust these institutions. Ofcourse what we doing here is also marketing. Time will show how it turns out.
scryptolife
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November 30, 2014, 11:45:35 AM
 #68

Bitcoin isn't internet. Internet is something that has no alternative.



Bitcoin share with Internet its decentralized nature.

Moreover, why do you think Internet has no alternative?
Depending on the use you make with Internet, the alternatives could be TVs, Books, Phones, ect.
These can only allow a part of what internet does. TVs, books and phones can't offer a foundation for a usage of digital currency as it is used today. They offer an alternative for a specific usage of internet. With digital currency I mean both fiat and crypto.
Nerazzura
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November 30, 2014, 01:16:44 PM
 #69

Bitcoin isn't internet. Internet is something that has no alternative.



Bitcoin share with Internet its decentralized nature.

Moreover, why do you think Internet has no alternative?
Depending on the use you make with Internet, the alternatives could be TVs, Books, Phones, ect.
true once, but I prefer to learn via the Internet. because now do not have to cost a fortune to access the internet.
as cheap as the price of your cigarettes.
need a willingness to learn, complaining will not help
djokica
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December 02, 2014, 07:47:59 AM
 #70

Bitcoin isn't internet. Internet is something that has no alternative. We can currently pay in fiat and I am quite sure that we will be able to do that in 2100. I don't think Bitcoin will ever replace fiat. Governments simply has so much power.

They dont need to.
It will be more like you want pay in fiat or crypto.
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December 02, 2014, 07:50:04 AM
 #71

What OP said is very clear and makes me remember and smile  Grin

Of course 5 years after the Internet first appearance, it was nothing important. But think about where we are now.
As well, some people don't know what we really have with bitcoin. We have freedom, decentralization and open-source economy concept. That's very powerful!

Bitcoin is only in the beginning. Just wait for the next growth phase, many will be surprised. Patience is a virtue!!

Patience is always a virtue.
Its like something that you are waiting for patiently to come and then you grab it.

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December 02, 2014, 07:51:46 AM
 #72

Bitcoin isn't internet. Internet is something that has no alternative.



Bitcoin share with Internet its decentralized nature.

Moreover, why do you think Internet has no alternative?
Depending on the use you make with Internet, the alternatives could be TVs, Books, Phones, ect.

Modern kids forgot that 20 year ago you didnt find solution for mathematics or some other subject on net.
We all went to libraries and additional classes.

I still love to watch some good TV show or to read a book.



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December 02, 2014, 12:58:53 PM
 #73

Modern kids forgot that 20 year ago you didnt find solution for mathematics or some other subject on net.
We all went to libraries and additional classes.

Yes you could, but you REALLY had to know how to use search engines, or software like Gopher and Archie. Typically you'd not be looking for dumbed down wikis, but actual papers in individual academics FTPs. Academia used the internet heavily from the get go, it was one of the things you could find.  Before spam and the Eternal September, newsgroups contained pretty much solely professional and academic discussion, and were a good resource, becoming less so further into the 90s.

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December 02, 2014, 01:18:18 PM
 #74

Interesting stats. Smiley

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December 02, 2014, 01:37:30 PM
 #75

If you say based on percentage
We still early adopter

Maybe we have to wait 20 years to see most people adopt bitcoin  Cheesy

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December 02, 2014, 02:57:12 PM
 #76

If you are rich already thanks to BTC you are a very very early
If you are not, you have to drop a couple verys.
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December 02, 2014, 03:19:33 PM
 #77

"We are the lunatic fringe adopters. Early adopters come later."
-Andreas Antonopolous.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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December 02, 2014, 08:22:27 PM
 #78

If you say based on percentage
We still early adopter

Maybe we have to wait 20 years to see most people adopt bitcoin  Cheesy

You think 20 years more like 10 and we will be purchasing anything on net with it it will became try net currency by my opinion.

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December 02, 2014, 08:31:50 PM
 #79

If you say based on percentage
We still early adopter

Maybe we have to wait 20 years to see most people adopt bitcoin  Cheesy

I was actually shocked when some one told me how many people actually own Bitcoin.

Was thinking in the range of a few million people, but it's only a few hundred thousand.

There is so much room for growth, something tells me the next few years will be huge.
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December 02, 2014, 08:45:49 PM
 #80

If you say based on percentage
We still early adopter

Maybe we have to wait 20 years to see most people adopt bitcoin  Cheesy

I was actually shocked when some one told me how many people actually own Bitcoin.

Was thinking in the range of a few million people, but it's only a few hundred thousand.

There is so much room for growth, something tells me the next few years will be huge.

It's not so strange, Cryptocurrency is miles ahead of evolution, an evolution to a decentralized world and fair monetary system. The blockchain is another miracle, which can be used for all digital processes, the advantages of the protocoll will only increase, we'll see a bright crypto future, the question is will it be bitcoin or another?

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