Quote from: Melbustus on January 03, 2017, 08:27:41 PM

Quote from: botany on August 18, 2014, 11:21:13 AM

Quote from: Melbustus on August 17, 2014, 07:58:40 PM

Quote from: Nagle on August 17, 2014, 05:49:08 PM

Bitcoin now looks like a mature technology. The software has settled down, there's been a modest level of merchant adoption, the transaction rate hasn't increased all that much over the last six months, and the legal status has become clear. The mining side is running into power consumption cost as a limit. Bitcoin isn't a new thing any more.

With Bitcoin out of its startup phase, what happens now? It's starting to look like a niche product, positioned somewhat like gift cards. There are a number of pseudo-currencies like that - airline frequent flyer miles, all those "reward point" schemes, and the big array of prepaid cards available at retail outlets. They're just little convenience things; they have no significant impact on the financial system. It looks like that's where Bitcoin is settling.

John, you've been consistently wrong analyzing bitcoin's ecosystem and long-term prospects for years. Aggressively wrong, in fact:

We should revisit this post a couple of years from now. Grin

Is now good?

Or maybe now. Another +1000%. Where'd Nagle go?