Voltarius
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Activity: 294
Merit: 250
Mercurial
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January 05, 2015, 07:30:34 PM
Last edit: August 17, 2015, 08:01:51 PM by Voltarius |
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No, BTC cannot go viral. Since it involves spending money (usually via a bank wire), it cannot spread like a virus.
I would like to add though, that maybe how BTC could go essentially viral within the whole world, is if there was some sort of benefit that big companies made it to be. Such as this for example: "If you pay your ______ Bill with Bitcoin, then you save an extra 20%!" ... or "If you buy this XXXX Product with Bitcoins, then you get a second one free of charge!" |
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Whoever mines the block which ends up containing your transaction will get its fee.
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TrinityCoin
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January 05, 2015, 09:49:11 PM |
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No, BTC cannot go viral. Since it involves spending money (usually via a bank wire), it cannot spread like a virus.
This guy has the right mindset. I would like to add though, that maybe how BTC could go essentially viral within the whole world, is if there was some sort of benefit that big companies made it to be. Such as this for example: "If you pay your ______ Bill with Bitcoin, then you save an extra 20%!" ... or "If you buy this XXXX Product with Bitcoins, then you get a second one free of charge!" Why would any company have incentive to do this? To lose money? They don't actually care about bitcoin and they wouldnt hold it anyways, most likely just use a payment provider like coinbase and immediately cash out every time. Adoption by companies will not help the stability of the price, actually in the long run it will most likely continue to drive the price down. Bitcoin is accepted by large retailers at this point, but if you buy something which costs $10000 USD and you pay with bitcoin, you are essentially dumping 10k in btc. You will get a slight advantage because they will take it (maybe) at one price, but I would doubt it. |
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turvarya
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January 06, 2015, 12:02:00 AM |
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No, BTC cannot go viral. Since it involves spending money (usually via a bank wire), it cannot spread like a virus.
This guy has the right mindset. I would like to add though, that maybe how BTC could go essentially viral within the whole world, is if there was some sort of benefit that big companies made it to be. Such as this for example: "If you pay your ______ Bill with Bitcoin, then you save an extra 20%!" ... or "If you buy this XXXX Product with Bitcoins, then you get a second one free of charge!" Why would any company have incentive to do this? To lose money? They don't actually care about bitcoin and they wouldnt hold it anyways, most likely just use a payment provider like coinbase and immediately cash out every time. Adoption by companies will not help the stability of the price, actually in the long run it will most likely continue to drive the price down. Bitcoin is accepted by large retailers at this point, but if you buy something which costs $10000 USD and you pay with bitcoin, you are essentially dumping 10k in btc. You will get a slight advantage because they will take it (maybe) at one price, but I would doubt it. They save money on fees(e.g. credit card) and could give a share back to the customer by discounts. But sure, that are not 20%. |
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crazyearner
Legendary
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Activity: 1820
Merit: 1001
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January 06, 2015, 01:53:30 AM |
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Evaluate this statement.
Evaluate your statement sure ok. Bitcoin is far from viral, has a lot more in it first to do that and its a fraction of the way of been viral. It is indeed getting more and more popular however for it to be viral it needs to be everywhere like Paypal as an example or even Amazon. When its as big as one of them then it will be viral  |
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flipstyle
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January 06, 2015, 02:34:35 AM |
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Bitcoin was viral (hysteria) when it reached its peak@$1200. Same with Silver when it peaked at $50. Now it's just getting press for all the wrong reasons....
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Beliathon
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January 06, 2015, 02:46:39 AM |
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It hasn't even started yet, you won't be on the forums asking questions like this when bitcoin goes viral.
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forlackofabettername
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January 06, 2015, 03:15:00 AM |
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it went viral in 2013 but after that was dumped all through 2014.
Today it's an old fart and still can't hold value. It had it's chance and messed up. Things don't go viral twice.
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"If you see fraud and don't shout fraud, you are a fraud"
-- Nassim Taleb
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freequant
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January 06, 2015, 08:08:09 AM |
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Evaluate this statement.
false |
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jehst (OP)
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January 06, 2015, 08:23:36 AM |
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It hasn't even started yet, you won't be on the forums asking questions like this when bitcoin goes viral.
Where will I be? St. Tropez? |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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turvarya
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January 06, 2015, 11:03:21 AM |
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Like I understand the term viral. Bitcoin hasn't gone viral yet.
I don't see much Bitcoin-news in mainstream media. I don't see it on Facebook, I don't see it on 9gag.
I don't think, it ever will go viral. I don't see any event, that could make that happen.
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countryfree
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Your country may be your worst enemy
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January 06, 2015, 12:05:27 PM |
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No, BTC cannot go viral. Since it involves spending money (usually via a bank wire), it cannot spread like a virus.
This guy has the right mindset. I would like to add though, that maybe how BTC could go essentially viral within the whole world, is if there was some sort of benefit that big companies made it to be. Such as this for example: "If you pay your ______ Bill with Bitcoin, then you save an extra 20%!" ... or "If you buy this XXXX Product with Bitcoins, then you get a second one free of charge!" Why would any company have incentive to do this? To lose money? They don't actually care about bitcoin and they wouldnt hold it anyways, most likely just use a payment provider like coinbase and immediately cash out every time. Adoption by companies will not help the stability of the price, actually in the long run it will most likely continue to drive the price down. Bitcoin is accepted by large retailers at this point, but if you buy something which costs $10000 USD and you pay with bitcoin, you are essentially dumping 10k in btc. You will get a slight advantage because they will take it (maybe) at one price, but I would doubt it. I suppose a registrar (the company which registers domain names) could do it. Probably not 20%, but 10% off for paying with BTC could be a hit. |
I used to be a citizen and a taxpayer. Those days are long gone.
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