Quote from: 1Referee on July 01, 2016, 08:10:53 AM

Quote from: apriyoni on July 01, 2016, 07:58:01 AM

Quote from: Yakamoto on June 26, 2016, 07:34:18 PM

Quote from: lexuz on June 26, 2016, 03:10:52 PM

Quote from: egytrickz on June 26, 2016, 02:51:13 PM

Bitcoin is still just an experiment. I think it will take around 20 years to get to $200k, because to justify such a high price there are many things that need to be in place and those things take time. Grin

experiment? after bitcoin can last 7 years you still say it is still on experiment even though I know you say it like that because it doubted whether bitcoin can reach the price of 200k in the future, I'm not sure too because in my opinion that price is too high to be achieved by the financial capacity of human beings in general

It's half experimental, half legitimate currency. The experimental part of Bitcoin is the ability for everything to change in development and for new code to be applied, and, for example, with the 2mb block debate, that could be implemented as a way to further the longevity of Bitcoin and increase the infrastructure it is able to maintain. It isn't entirely experimental, and it isn't entirely complete yet.

2MB or greater block size is to attract users to show them the benefit of bitcoin in the transmisson of money.

Increasing the block size will more likely attract large merchants willing to accept Bitcoin as payment option. Right now nearly every block is full which holds back merchants knowing the technical details of Bitcoin and thus the 1MB limit. Let's hope to see Amazon accept Bitcoin before 2017 which would be amazing.

I ordered something from an online shop. I paid very high fee, It got confirmed 5 hours later. I missed the next day delivery.