Quote from: Lucius on April 03, 2018, 10:11:29 AM

Quote from: cellard on April 02, 2018, 05:59:04 PM

What most people don't get is that we don't even need mass adoption to get the price up x10, we just need the individuals with high net worth to diversify their portfolios into Bitcoin.

Most money in the world is controlled by few individuals.. so why the hell people want "mass adoption"? average joes putting their small savings into Bitcoin will do nothing, we need the big pockets to diversify their stupid stocks and bonds into Bitcoin and eventually this will happen, but people are too focused on how we need to pay coffee with Bitcoin to "go to the moon" which is nonsense.

I do not agree with you,and I think even Satoshi Nakamoto would not agree with you.He did not invent BTC&blockchain for a few wealthy individuals,but just the opposite.If a few rich individuals invest money in BTC and with time buy all available coins, what would be the purpose of all this?Most of holders will sell coins for fiat,and then those individuals would use BTC for what?

Only that "nonsense" that you are mentioning can keep BTC succesful,in the first place BTC is actually a currency,then store of value.The way you think about it is not unknown,many people just want to price increases as soon as possible so they can sell crypto and buy some of their dreams with fiat.

First of all we don't know what the true intentions of satoshi were, he talked both about currency and digital gold/store of value properties, and also it doesn't really matter what he wanted, Bitcoin is what it is and it's a store of value before it is a currency, since being censorship resistant is it's #1 feature, and if you don't care about that then well, then just use fiat.

Also anyone is free to invest or not right now, and average joes naturally will be the last guys to enter, what satoshi wanted is irrelevant to this fact.. The guys that have more money will typically be smarter and get there first. There are a lot of idiots with a lot of money out there tho.