Post
Topic
Board Speculation
Re: We are all over the news, where is the price bump?
by
DoctorOz
on 07/03/2014, 14:11:28 UTC
u think so?

Well its a fact that in Africa, due to its' lack of infrastructure (towns with lack of adequate power supply, risks of carrying cash, remoteness of towns, etc etc), banks offer an ewallet service that functions via mobile phone.  like a charge card.  It functions extremely well.

It's similar to the idea behind BTC, in terms of transactions.  Although its governed by the banking sector (Gov'ts).

I believe, that as the world is becoming liberalized  from a cultural and social point of view, then the idea of BTC is not at all far fetched.

You see the trick is, as you rightly put it 'true believers' are those who are the driving force.  And are so due to the fact of the industry they are associated with - IT, Finance, Engineers, who are more than common with the jargon behind BTC.  So it makes some sense to them.  If the idea was simplified (mainly through allowing everyday transactions to take place), then it would appeal to a wider community.

Imagine today if hard currency did not exist.  The governments would say, hey guys lets print a unified design and call it money. This 'money' will be linked to a complex model governed by government bonds and gold reserves.  So I will give you this some of this paper and you will give me your car.  But with the paper you can purchase another asset.  I'm sure half the world would say, yeah right!  Could you imagine when Chris Columbus came to the US and offered the Indians a few nickels in exchange for product, i am sure they would have laughed???

What I am saying in this gruesome monologue, the average punter doesn't think too much.  Trends occur because decision makers say its ok.  If everyone jumped on BTC, then for 90% of the population they say , yeah, why not?

I mean take the mobile phone industry.  I guarantee you that 90% of smart phone users forked out top dollar for the latest model because it has the newest and sophisticated features - that simply they don't need or use (or even do not know how to use).  But hey, its what you do!

So more places to spend = more chance for BTC price to grow!