Quote from: Hopalong on July 11, 2015, 07:27:08 PM

Quote from: QuestionAuthority on July 11, 2015, 07:17:56 PM

Quote from: Envrin on July 11, 2015, 03:31:47 PM

Quote from: QuestionAuthority on July 11, 2015, 02:06:44 PM

For today, most people are using it for ideological reasons.

Wouldn't say that too quickly. I'm quite confident there's tons of people in Greece who currently wish their savings were in Bitcoin right now, versus in the banks. This is a systemic problem, and will only grow over time. Just wait until Portugal and/or Spain goes.

Hindsight is 20/20. The Greeks needed to get into Bitcoin a couple of years ago. It's too late for them. Bitcoin isn't even close to being ready to replace the currency in even the smallest national economy anyway. I've seen estimates of current Bitcoin users numbering 500k to one million. Imagine 11 million people jumping on the system real quick. Not a pretty picture.

500K to one million users and around 20-30% of the bitcoin in circulation. Not much to share with new users are there?

Bitcoin is very divisible and the price would adjust quickly but the system isn't ready to handle the additional users. This thread is an example of why it's not ready. Besides, imagine the infrastructure setup cost and time. Ramping up every business owner and employee in a country to accept Bitcoin safely. Hell, that alone is a decade of work.