Post
Topic
Board Economics
Re: The Perfect Storm of Bitcoin Birth
by
Pepe Lapiu
on 17/02/2019, 08:12:48 UTC
Bitcoin will grow soon

The growth of Bitcoin depends on how many people adopt it in the future and how many people walk away from it in the future . And those desicions will be made based on events which have yet to happen. If you have a crystal ball that can read the mind of every person with a cell phone in the world, and a time machine that can predict every single future event, you can predict how fast Bitcoin will grow.

I reject all price predictions as nothing more than crystal ball guesses. Take all tge fancy analysts and their pointless charts and Chuck them out of your mind. They are utterly useless.

I don't think the world us ready for Bitcoin. But that's cool because I don't think Bitcoin is ready for he world either.
Simply put, Bitcoin doesn't scale. LN and  Segwit greatly increased the scaling. And block size will likely increase in the future. Maybe even block frequency too?

But in spite of all this,  it still doesn't scale for mass adoption...yet. If I had a switch that suddenly converted the entire world currencies to Bitcoin, I wouldn't flip it. The world is not ready.

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and you know what, bitcoin doesn't need government to approve and will use by the people.

Amen to that! But the problem is that you and I are surrender by statists. People who are unable to conceive anything can happen without government saying so. And I also sense that most of them are fooled by the idea that if governments and Wall Street come in, they will make more return on their coin. They are wrong on so many levels, but that's what they believe.

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As long as people can accept the change of the new era, the government will follow although they have the power to block or ban bitcoin in their country. But if they do this, they will face the people's power who wants a change. Besides that, if the government cannot accept a new change, then I am sure that the country will never grow to a better country and they still have a corrupt government and banking system.

Gotta love a man who thinks the state should follow the people, not the other way around. We need more people like you in this world.