Ninjastic
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Re: On stagnant trader only days.........
by
Ibian
on 08/03/2014, 08:04:09 UTC
Quote from: stylin on March 08, 2014, 07:46:43 AM
Quote from: Ibian on March 06, 2014, 05:29:16 AM
Quote from: Torque on March 05, 2014, 09:17:41 PM
Yeah, God forbid that the price of bitcoin actually stabilizes so it can be used as a viable currency.  Who would actually want that anyway.  Roll Eyes

/sarcasm
Not me. It would mean that bitcoin has failed. We are at less than a tenth of one percent of adoption right now.


The level of adoption needed to be considered "successful" is subjective. All you need is enough people using Bitcoin in order to be able to easily liquidate, you don't need the whole world. For instance, I doubt even 1 in 20 people in the US have gold. Maybe 1 in 10,000 people using Bitcoin, is enough adoption. It doesn't mean Bitcoin has failed if it will always be used by a niche group.
Bitcoin is not gold. It also is not money. It's gold, money, and paypal all rolled into one with the added bonus of not having to trust a third party. If bitoin doesn't reach at least the average valuation of those three, plus something extra for not having to trust strangers with your coins, it will have failed because it is worth so much more.