When most anti-bitcoin people talk about bitcoin all I hear is how the price is not stable and it can't be used everywhere yet and not everyone uses bitcoin yet. To me this just shows how much growth potential there is with bitcoin. It shows me how much added value bitcoin will/would have with massive acceptance and usage. To me the fact that the bitcoin economy is growing and it continues to get new developments (think Bitcoin 2.0 world) shows me that it's on the right path to increase in adoption and usefullness.
Why do people see "doomed to failed, because it's not already big", while I see "Has tremendous growth potential, because it's not already big nor the defacto world currency".
All opinions, insight etc is GREATLY appreciated. I seriously have the hardest time wrapping my head around this one.
Bears feel free to flame-on, I'm greatly interested in what you all have to say along with the bulls.
It fails as a currency. It is not price stable or even moderately price stable like the USD. Some cryptocurrencies have linked to the USD, but that is redundant. There's no point for a cryptocurrency that's slower than the USD with its own balance sheet risk since it's not the issuer.
Only a cryptocurrency that's faster than cash and totally price stable will win in the end.
No it has yet to realize it's true potential. Unlike central banks which can basically control the supply of money in the market and in certain way still able to influence the price to stabilize it. Bitcoin doesn't have that mechanism in place. The volatility still remains a problem but to imply that it is the main driver that will lead to complete failure is not justified in any way. And that will change.