Quote from: JimmyButlerCollector on August 21, 2017, 04:32:50 AM

In order for bitcoin to hit levels of $250,000+...... it will need to be accepted and marketed everywhere. So far, Microsoft accepts bitcoin. This could be the ice breaker and the door opener for other companies such as Apple, Sony, Google, etc down the road, eventually leading to retailers such as Walmart and franchise such as Mcdonalds.

In order for bitcoin to take off to levels that seem ridiculous right now, we will need to see the average Joe not only be holding bitcoin..... but also be spending it. (In this case, $250,000 could possibly be severely underestimated)

Microsoft has accepted Bitcoin for years, as far as I know, though perhaps not with the convenience of today. I'm still not sure acceptance by major companies before user acceptance is very useful in propagation - certainly does not seem the case for Bitcoin. I agree that Average Joe wanting to use his Bitcoin to buy things is more important to push the next step. I think the good news is that organic growth is really pacing well now.

Quote from: alyssa85 on August 21, 2017, 10:56:38 AM

The network can't cope with more than 250,000 transactions per 24 hour period.

That was why some developers got fed-up and forked the chain to create bitcoincash, which has 8 mg blocks. If adoption as a currency happens, it won't be on bitcoin - it will be on the other chains, bitcoincash, ether, doge, litecoin etc.

No it can't, but the majority of this year should be evidence enough that there isn't that level of true demand in terms of transaction. Network capacity was artificially bloated in part by the very same guys you're talking about.