Quote from: Wekkel on September 20, 2017, 09:08:50 PM

Quote from: practicaldreamer on September 20, 2017, 07:38:50 PM

Quote from: Wekkel on September 20, 2017, 07:17:53 PM

But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.

I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.

I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?

I am not that worried. The fact that Bitcoin is open source and can be cloned is not a liability but an asset. So if Bitcoin fails - in the end - there will be others. Lotsa lotsa others. A different take on the mantra unstoppable.

I tend to see the role of bitcoin in the future as a reference value, not so much a transaction currency or something that will completely displace fiat currency.

The simple essence is the following:

*we know the current financial system is untenable
*we know the enormous debts will never be paid
*we know the debt must increase to avoid collapse
*we know 'infinite debt' does not exist

Bitcoin just has to represent an alternative. That will be enough to succeed.

From a technical perspective, I am much more interested in smart contracts and decentralised 'computer networks' (like Ethereum and EOS). That is what businesses are looking at.

So basically, bitcoin is the gold(light) that will serve as the reference, backing, of the future transactional means, currency, contracts etc?