Post
Topic
Board Economics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
by
zimmah
on 12/09/2016, 00:44:35 UTC
people underestimate the impact of a few years.   

but in this modern age, information and new technology spreads fast.

facebook and twitter both opened to the public less than 10 years ago, and now they have billions of users.     

the first iphone launched in 2007, now even 2 year olds have smartphones. And most people can hardly even remember there used to be a live before smartphones, while that very live was not even a decade ago!

Technology spreads fast, it's not 1500 anymore where it takes centuries for new technology to spread.
but the fact that bitcoin growth is slowing down in last two years i guess.
for example in my country the bitcoin active user are 0.5 % only of total population.
how good it is? not sounds good for me , 2022 is too soon.
bitcoin is definitely not slowing down right now, i think it is only growing and it will be huge in a few years, i hope the price will grow too

the failing development team is causing a bit of problems with adoption, because the current blocksize just can't handle the influx of many new users.

but even though adoption and price have been somewhat slow and nearly stagnant for the past year or two doesn't mean that we can still continue the exponential trend once the issues are resolved.

If you look at any adoption from any technology you will see it's always exponential.

So unless you think we will forever remain at 0,5% adoption rate, the growth will eventually pick up again, and when it does, it will not be a slow linear growth, but a fast exponential one. Because that's just how things have always been.