Here's why bitcoin will be bigger than the internet

[Mellnik]

Wences Casares claiming that Bitcoin will be bigger than the internet.

http://www.businessinsider.com/how-bitcoin-may-have-more-impact-than-the-internet-2015-2

WC: It's exactly like that. And look, if bitcoin continues to grow at the same rate as it has for the last five years, we can expect to finish 2015 with 50 million users. That's a fivefold increase in one year.

I didn't know that Bitcoin has so many users.

[pereira4]

Bitcoin is the most disruptive technology in 500 years.

[Netnox]

bitcoin is unbelievably under priced.

[countryfree]

Hey, BTC sits on the Internet. It wouldn't exist without it.

[Meuh6879]

bitcoin is unbelievably under priced.

clear.

because, no one use it now.

[R2D221]

You need internet for Bitcoin to work. By definition, Bitcoin cannot be larger than the internet.

[DLCseller]

You need internet for Bitcoin to work. By definition, Bitcoin cannot be larger than the internet.

I Agree with R2D221

[Brewins]

how can bitcoin be bigger than internet if BTC relies on internet infrastructure to work

[2112]

You need internet for Bitcoin to work. By definition, Bitcoin cannot be larger than the internet.

That is actually wrong. Only the current implementation needs Internet.

In Finland somebody is already broadcasting the blockchain and transactions over a subchannel of the terrestial TV signal. Jeff Garzik (IIRC) was working on a satellite broadcasting of the Bitcoin blocks and transactions.

One could send own transactions to the uplink center for broadcasting via a slow POTS modem, carrier pigeons carrying microSD cards or even printed as a QR codes on a postcard.

So the Internet requirement is just a current implementation restriction.

Edit: couple of years ago we were discussing here multicasting via a moon bounce (EME). Search for it.

[Brewins]

You need internet for Bitcoin to work. By definition, Bitcoin cannot be larger than the internet.

That is actually wrong. Only the current implementation needs Internet.

In Finland somebody is already broadcasting the blockchain and transactions over a subchannel of the terrestial TV signal. Jeff Garzik (IIRC) was working on a satellite broadcasting of the Bitcoin blocks and transactions.

One could send own transactions to the uplink center for broadcasting via a slow POTS modem, carrier pigeons carrying microSD cards or even printed as a QR codes on a postcard.

So the Internet requirement is just a current implementation restriction.

Edit: couple of years ago we were discussing here multicasting via a moon bounce (EME). Search for it.

I can't see other way of scalability that not uses internet

[2112]

I can't see other way of scalability other than using internet

That you can't see is your problem and your limitation. People who understand the technology actually know that Bitcoin protocol is somewhat inefficient emulation of a global broadcast medium using peer-to-peer gossip protocol. Immense amount of bandwidth and energy could be saved by the technically more advanced use of the well known broadcasting and multicasting media.

[inBitweTrust]

I can't see other way of scalability that not uses internet

Mesh networks are being developed and released soon -
https://mycelium.com/bitcoincard

[pitham1]

bitcoin is unbelievably under priced.

Hope the market discovers its true value over the next few years. 

[el kaka22]

I can't see other way of scalability other than using internet

That you can't see is your problem and your limitation. People who understand the technology actually know that Bitcoin protocol is somewhat inefficient emulation of a global broadcast medium using peer-to-peer gossip protocol. Immense amount of bandwidth and energy could be saved by the technically more advanced use of the well known broadcasting and multicasting media.

this was far from my mind
i just think if there is no internet, it can not access the bitcoin

[sololoop]

Bitcoin sits on the internet, because it is biggest. Actually bitcoin need a biggest network but not necessarily that's internet.

Alien mind network would help   (human mind can connect) in the future