Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
solex
on 07/08/2014, 03:43:16 UTC
When historians look back they might well conclude that the 1MB limit resolution was Bitcoin's "betamax moment", the most important decision point determining its ultimate fate.

coinmarketcap.com is interesting because it gives a market assessment of Bitcoin's future prospects.

Right now the total cryptocurrency market cap is $8,197,074,397 and Bitcoin's is $7,678,842,953 or 93.68%
(higher if MSC and XCP and other BTC-based alts are included).

So, the cryptocurrency market is effectively pricing a >93% probability of Bitcoin dominating this new asset class - long term. An asset class of such importance that many crypto investors consider could make all fiat obsolete and perhaps even demonetize precious metals as well.

If the 1MB limit is not handled properly, in good time, and is allowed to seriously disrupt organic growth, then that percentage will fall significantly. Perhaps even causing an irrecoverable erosion in the first-mover status, opening the window for alts like NXT and XMR.

This is the stakes in play.