Post
Topic
Board Bitcoin Discussion
Re: Mass Adoption Crypto Currency Market Potential Index
by
pereira4
on 07/06/2016, 15:23:39 UTC
I will argue that the mass adoption of crypto currency will be on payments made on mobile phones in retail and moreover in mobile app payments. And I argue this will sweep away regulatory resistance due to its mass popularity. Thus I will argue the following index is the national only one that matters:

https://en.wikipedia.org/wiki/List_of_countries_by_number_of_mobile_phones_in_use

Note Bitcoin Market Potential Index (the full list):

http://www.lse.ac.uk/economicHistory/study/PhDProgramme/JOb-Market-papers/Bitcoin-Market-Potential-Index-Hileman.pdf#page=12

Depends more on different set of features peculiar to Bitcoin (remittances, capital control and financial crisis avoidance) because Bitcoin isn't scalable to mass payments nor instant payments yet:

http://www.lse.ac.uk/economicHistory/study/PhDProgramme/JOb-Market-papers/Bitcoin-Market-Potential-Index-Hileman.pdf#page=5

Lighting Networks is under development, but it is a complex arduous solution that doesn't scale well decentralized (but we may eventually get there with Bitcoin highly centralized, although being that this is fighting for who will control it, it will not come without battles as we've seen with Bitcoin Classic and XT versus Blockstream and the Chinese mining cartel).

Other threads didn't provide a direct link to the full list for discussion:

Most countries in the ?10 most likely? to adopt bitcoin are in the developing wo

Argentina Tops List of Countries with Greatest Bitcoin Adoption Potential

You don't understand how Lightning protocol works to claim it's centralized. It's way less centralized than solutions proposed by XT or Classic, which lead to node centralization, this is why they have fallen by its own weight and no one cares about them anymore, because at the end of the day Core devs are the better devs.

Bitcoin will scale to mass volume payments, give it time, the smartest minds are working on it as we speak.

In the meantime, no one is having serious problems using it and it is in any case a better gold already.