Re: Those who deny that BTC will rise to seven figures: clearly explain yourselves
OP, i didn't vote -- your poll is pretty nonsensical.
So no vote from me, OP -- no need to deem it invalid
Quote from: OP's poll questions
If you deny that BTC will rise to seven figures, then which of the following will happen?
*Fiat currencies will remain viable indefinitely.
Yep. Bitcoin fits the definition by having no intrinsic value. It's not issued by a state, that's about all. Can't eat it, can't smoke it, can't kiss it good night (polite version).
*Gold and silver will be commonly used as media of exchange once more.
Meh. They sort-a are already. See gold bugs.
*Another cryptocurrency will have a market capitalization in the trillions of USD.
Quite possible. Anyone from Amazon to USA deciding that cripto is interesting enough could easily implement a hard fork. Payment processors like PayPal & CC already carry out transactions electronically, so what if they are doing it on top of fiat? If folding money is not involved, are they crypto, or do they need to specifically use SHA2/scrypt?
*BTC will rise, but not to seven figures, and together with several other cryptocurrencies, have a a market capitalization in the trillions of USD.
Sure hope it will, or we're just wasting time.
*Other (you must explain in the thread, or else your vote will be deemed invalid)
*Fiat currencies will remain viable indefinitely.
Yep. Bitcoin fits the definition by having no intrinsic value. It's not issued by a state, that's about all. Can't eat it, can't smoke it, can't kiss it good night (polite version).
*Gold and silver will be commonly used as media of exchange once more.
Meh. They sort-a are already. See gold bugs.
*Another cryptocurrency will have a market capitalization in the trillions of USD.
Quite possible. Anyone from Amazon to USA deciding that cripto is interesting enough could easily implement a hard fork. Payment processors like PayPal & CC already carry out transactions electronically, so what if they are doing it on top of fiat? If folding money is not involved, are they crypto, or do they need to specifically use SHA2/scrypt?
*BTC will rise, but not to seven figures, and together with several other cryptocurrencies, have a a market capitalization in the trillions of USD.
Sure hope it will, or we're just wasting time.
*Other (you must explain in the thread, or else your vote will be deemed invalid)
So no vote from me, OP -- no need to deem it invalid