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Author Topic: So we did stop calling it an experiment, did we not?  (Read 1617 times)
turvarya
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March 12, 2015, 04:01:31 PM
 #21

I think, it depends on how you use your Bitcoin.
I often meet people that seems to be only interested in the speculative side, and for this people I call it an experiment with a lot of uncertainty, hoping that will prevent them from gambling too much with it.
For other people, I just try to show the practical use. In Austria, that is mostly using purse.io, which really brings a clear advantage, even if you are not an Bitcoin-Enthusiast. Using purse.io is not experimental, it works quite well.
Bitcoin stopping to be an experiment, doesn't mean, there is no more improvement to be made.

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March 12, 2015, 04:08:16 PM
 #22

i think it really depends on the hypothesis.

Hypothesis 1: A trustless peer-to-peer system can be used for transactions
Hypothesis 2: These transaction units can be used as currency
Hypothesis 3: Using this system as currency can reduce our dependency on centralized banking and monetary systems.


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March 12, 2015, 04:37:12 PM
 #23

Bitcoin is far from experiment, it's fully functional thing, even for several years now.

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Ron~Popeil
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March 12, 2015, 04:51:01 PM
 #24

I think it depends on how you define it. As a software it is indeed a new paradigm and hugely successful. As an economic vehicle it has a ways to go. The massive frauds perpetrated over the last few years have damaged it terribly from an economic stand point.

I would say from a software standpoint it is no longer an experiment. From an economic standpoint it very much still is.

gentlemand
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March 12, 2015, 05:00:08 PM
 #25

Maybe prototype is a better term than experiment. I think it's still in that phase. Once it can scale properly it'll be ready to move forward.

Perhaps it'll never stop being an experiment in the eyes of many.
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March 12, 2015, 05:06:41 PM
 #26

it's experimental until it remain in beta phase, to many things to correct, from many point of view(ecnomic, software ecc...)
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March 12, 2015, 05:12:54 PM
 #27

it's experimental until it remain in beta phase, to many things to correct, from many point of view(ecnomic, software ecc...)

which basically means that it can take another five or so years before we can say it's not beta anymore.
i think most people agree on the fact that we consider bitcoin still experimental. atleast from the economic point of view.
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