Quote from: Hannilein on February 21, 2014, 07:01:07 AM

Quote from: Lloydie on February 21, 2014, 06:06:59 AM

Once Btc is regulated and licensed, the adoption rate of bitcoin may well increase significantly in the mainstream economy. However, after that initial adoption, people will experience dissatisfaction with the lack of privacy and overall government monitoring of their transactions, which is why I think people will ultimately gravitate towards an anonymous blockchain. Vtc could be the coin of choice in that scenario if appropriate steps are taken now.

I dont really see that people are afraid of their privacy. Everyone is using credit cards and is very well accepting that transactions are traceable.
What I see more as a problem is that people might get upset with the fact that 95 % of their "new currency" are controlled by around 3.5% of the adresses. Considering that the distribution of many other altcoins i.e. LTC is similar these altcoins dont offer a real alternative. (currently 90% of LTC is owned by 3.7%)

And this is where the idea of VTC comes in. Being wide spread.

In terms of being widespread, I think auroracoin's distribution model will be more effective than Vtc. In terms of privacy, I think the widespread acceptance of credit card usage does indicate that privacy is not valued. It can perhaps be said that privacy is valued less than the convenience of using credit cards because people don't have a choice. If people had a choice, they would choose a credit card with anonymity built in. They might even be prepared to pay more for such a credit card.

I also believe most people don't understand they are losing their privacy when using credit cards because they have not really thought about it.