Post
Topic
Board Bitcoin Discussion
Re: One question nobody is asking...
by
spb25
on 29/02/2016, 00:33:12 UTC
Bigger picture? Um, if I am 4 hours from NYC and I don't have reliable internet in 2016, who is missing the bigger picture?

Technology only changes quickly when there is a market to exploit, "mate."

The cost to bring high speed internet to remote areas is still too expensive relative to the potential profit.

People in Africa may have access to internet, just like I have ACCESS to internet. Access isn't the issue.

In order for this to be used as a currency, a person needs to be able to carry it with them. I sincerely doubt that rural areas in Africa are carrying a smartphone.

Moreover, IF this technology somehow makes its way into rural areas, it will be another several years before people trust enough to turn their money into a QR code.

There are many many more years to go before there are any real gains in bitcoin.

And I'll bet my BTC that the current price is higher than the ten percent. It'll take a lot more than 10 percent adoption to see the gains you think you'll see.