[2015-03-17] ValueWalk‎: Winklevoss Twins: Bitcoin Will “Wipe Out” Cash By 2025

[pawel7777]

Winklevoss Twins: Bitcoin Will “Wipe Out” Cash By 2025

http://www.valuewalk.com/2015/03/winklevoss-bitcoin-prediction/

In today’s not the onion….. Tyler and Cameron Winklevoss have predicted that we will be living in a “cashless society” in ten years, by which time Bitcoin will have asserted its supremacy. The former Olympic rowers are most famous for their legal battle with ex-Harvard classmate Mark Zuckerberg over who really owns Facebook Inc (NASDAQ:FB), but their new project aims to popularize Bitcoin, writes James Covert for the New York Post.

Bold predictions for success of Bitcoin

The twins believe that bitcoin will effectively end the use of cash, credit cards and other services such as PayPal. “Cash is going to be killed,” Tyler Winklevoss told the crowd at SXSW Interactive. “It will be nostalgia … You’ll tell your grandkids about the wallet, it was this thing made of leather.”

Too optimistic?

ps didn't know Winklevoss twins are former Olympic rowers... you learn something new everyday

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[Chef Ramsay]

We'll all be doing pretty well once their Gemini and ETF get rolling. Between now and then, I imagine the world financials will be deteriorating to the point where many more people will be looking for an alternative in their portfolio.

[cr1776]

One certainly hopes it isn't too optimistic, but if you can wait 10 years, I'll let you know for sure.  :-)

Chef, I agree, given the issues with the value of the euro, and potential issues with the value (or devalue) of the dollar.  Then there is the renminbi which, while an alternative to the dollar and euro, is certainly nothing besides a different brand of fiat backed by thugs.

[Denker]

Not that long time ago the Winkles said that "BTC will NOT replace fiat currency."

Source: http://www.btcfeed.net/news/winklevoss-twins-bitcoin-will-not-replace-fiat-currency/

So I would like to know why they think now crypto will replace (wipe out) fiat. This confuses me.

EDIT: Ok it just seems to be about cash money.No digital fiat.My bad.

[Honeybooboo]

Too optimistic?

I think so. Cash might get phased out or diminish in use but digital fiat payments will likely rise up more than bitcoin, though I hope bitcoin's use does rise up considerably too.

ps didn't know Winklevoss twins are former Olympic rowers... you learn something new everyday

Have you not seen The Social Network?

Not that long time ago the Winkles said that "BTC will NOT replace fiat currency."

Source: http://www.btcfeed.net/news/winklevoss-twins-bitcoin-will-not-replace-fiat-currency/

So I would like to know why they think now crypto will replace (wipe out) fiat. This confuses me.

EDIT: Ok it just seems to be about cash money.No digital fiat.My bad.

That's what I was thinking. I never agree with people saying things like this with such certainty.

[1Referee]

I thought these bro's where lowering their tone a bit, but I am clearly wrong here.

If they keep saying nonsense like this then I don't know how serious people will take them.

They should skip the bullshit and focus on their "Nasdaq" exchange. I always say : Action speaks louder than words.

[Snipe85]

Damn, another 10 years before it happens? I'll be old by then
It doesn't seem to optimistic, though. Look at personal computer and internet expansion. 20 years maybe one out of 10 families had a computer at home and even less had access to the internet.  Now it's hard to find somebody that doesn't, at least in developed countries. Soon the same will happen with electronic money. Maybe it won't be Bitcoin, but other electronic currency, but the money of the internet will prevail.

[Dr. Pepper]

Damn, another 10 years before it happens? I'll be old by then
It doesn't seem to optimistic, though. Look at personal computer and internet expansion. 20 years maybe one out of 10 families had a computer at home and even less had access to the internet.  Now it's hard to find somebody that doesn't, at least in developed countries. Soon the same will happen with electronic money. Maybe it won't be Bitcoin, but other electronic currency, but the money of the internet will prevail.

I don't think the comparison with computers is valid. It's like back then saying computers will wipe out humanity within ten years. Maybe in the very distant future but not ten years. Bitcoin isn't going to wipe out cash within ten years though merchant adoption may be widespread by then.

I thought these bro's where lowering their tone a bit, but I am clearly wrong here.

If they keep saying nonsense like this then I don't know how serious people will take them.

They should skip the bullshit and focus on their "Nasdaq" exchange. I always say : Action speaks louder than words.

They're just doing what all bagholders do - hype their holdings  .