Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: A perspective of the future of Bitcoin..
by
avikz
on 28/04/2020, 19:38:30 UTC
⭐ Merited by 20kevin20 (1)

Truth.

Unfortunately far too many people are in Bitcoin for the sole purpose of getting rich.

Only a small fraction of people actually transact daily in cryptocurrency, rather than using it for speculative purposes.

I don't see anything wrong in that! The willingness of become rich is one of the major reasons for many people associating themselves with bitcoin. Probably a major percentage of the community. What's wrong in that? The people can't use bitcoin in daily transactions for a number of reasons like low acceptability and unclear regulations. Not everyone is fortune to live in countries like Japan or Germany.

Quote
However, it doesn't really matter. Over time, the network will continue to develop and get stronger, and when the time comes when the traditional economy collapses, Bitcoin will be built-up and ready for the task of taking over.

So long as we can build Bitcoin to this point, no matter how, then it should still achieve its purpose when shit really hits the fan in the fiat world.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" <- this was inscribed by Satoshi in the Coinbase of the Genesis block. Sounds a lot like the world today... So we've got some work to do because I don't believe Bitcoin is ready to handle the load of mass adoption yet.

Bitcoin is too small to be considered as a world currency. It simply doesn't have the capability of handle such volume. Things like LN, will definitely be helpful in that. But as of now, I see prepaid cards are a very good example of how we can slowly push the bitcoin for better adoption.

It's just a 11 year old kid. Give him time mature!