Re: "In 5 or 10 years I think every online retailer will accept Bitcoin." -Gavin
I don't know how my post ended up in the quote. That's weird.
But some of you get the gist of what I'm saying I'm sure.
Just spitball'n
EDIT; Here it is again so it doesn't get lost in the middle of that quote.
The 12+% is simply an acceptable return on any investment imo.
I didn't mean to say that I was predicting what would happen in the next 5-10 years. If you read the post again you'll see that it's a reasonable assumption that BTC will not reach "household word" status if it doesn't both serve a purpose (simple BTC card without the credit card fees) and make people money (investors).
If those businesses with high margins and high profit could be persuaded to use BTC because it's an acceptable risk to HODL a percentage, and compel those they do business with to accept BTC transactions, then, imo, the blockchain will put down sound economical (socio/financial) roots.
The blockchain(s) then can become the shining star that it's attempting to become. Security and bloat are the major issues that need to be addressed to gain the confidence of the masses that do want a ledger of truth and justice going forward for future generations.
Those who wish to remain off the books (decentralization) will have to learn to hide their BTC well. Or trust in physical assets that are easy to hide.
fdyl
But some of you get the gist of what I'm saying I'm sure.
Just spitball'n
EDIT; Here it is again so it doesn't get lost in the middle of that quote.
The 12+% is simply an acceptable return on any investment imo.
I didn't mean to say that I was predicting what would happen in the next 5-10 years. If you read the post again you'll see that it's a reasonable assumption that BTC will not reach "household word" status if it doesn't both serve a purpose (simple BTC card without the credit card fees) and make people money (investors).
If those businesses with high margins and high profit could be persuaded to use BTC because it's an acceptable risk to HODL a percentage, and compel those they do business with to accept BTC transactions, then, imo, the blockchain will put down sound economical (socio/financial) roots.
The blockchain(s) then can become the shining star that it's attempting to become. Security and bloat are the major issues that need to be addressed to gain the confidence of the masses that do want a ledger of truth and justice going forward for future generations.
Those who wish to remain off the books (decentralization) will have to learn to hide their BTC well. Or trust in physical assets that are easy to hide.
fdyl