Quote from: choppork on January 13, 2017, 02:02:15 PM

Quote from: TheUltraElite on January 13, 2017, 01:47:11 PM

Quote from: Zisove28 on January 13, 2017, 07:05:00 AM

If Bitcoin will also grow rapidly as it did in 2016, it is likely that in a few years it will be used everywhere.

I agree to that. More and more people are liking the advantages bitcoin has over traditional fiat currency and are accepting it on their business. Moreover many poor countries have been using it and less of fiat. However it does need more acceptance and spreading.

Once the acceptance grows the prices are bound to increase and then traders can happily trade of large volumes as well.

Entirely false. Poor countries don't even have any establishment to buy from using their bitcoins. Even if they do have bitcoins because they work online or whatever, they would still have to convert it to fiat first so they can use it. This is the same case even for first world country people. The bitcoin community is much smaller than you think it is and the number of people using it doesn't increase that much too.

To start establishments and an economy you need a currency, bitcoin can be a viable currency for the countries that don't have stable governments, since bitcoin doesn't depend on governments, of course, until we get a solid LN working, we can't even fathom the idea of a nation using bitcoin without LN since we can't deal with the amount of traffic capacity that would be needed for that.