Quote from: Newbie1022 on August 19, 2014, 04:04:54 AM

Quote from: wasserman99 on August 19, 2014, 04:02:46 AM

Quote from: Afrikoin on June 29, 2014, 07:14:56 PM

Quote from: howardb on June 10, 2014, 02:48:19 PM

Quote from: jeffersonairplane on June 10, 2014, 02:40:37 PM

Bitcoin won't ever become a world currency. Go look at places below or at the poverty line. They can't afford to own a Bitcoin wallet or have access to one.

I beg (no pun intended) to differ, even in places like kenya people like poor farmers are doing bitcoin transactions using SMS services on old (non-smart) 2g phones! ( CoinPip ) And yes ok, not all the world has a phone, but that too is changing very fast.

Sorry Howard. i'm from Kenya and I can confirm that this is false. Farmers don't even know Bitcoin exist. Maybe Old white oligarch farmers with huge tracts of land and of European descent.

This may be a fact today, but tomorrow and in the future this will likely change. There was an article in the WSJ last week that talked about how, in Africa use their mobile phones as their primary way of spending and holding/saving money. The penetration rate of banking via mobile is several times the rate it is in the rest of the world. Using mobile phones for storing and spending money is something that has bitcoin written all over it.

How bout we... how do I say this?? Maybe give all of the normals a 24-hour reprieve from the $10k, world currency magic bean story. Bitcoin should increase in value given the number of users and the number of transactions it can support. Apart from that, these predictions are sheer shenanigans.

I am not sure what part of my argument you are disputing. There is not a single response in this quote pyramid that talks about a specific price that bitcoin would reach. This is a valid and likely way that bitcoin will grow (via mobile payments in 3rd world countries).