Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
devphp
on 04/09/2014, 19:19:21 UTC
To make my point more clear. I don't think Bitcoin can be a store of value longer than the next 5 years, probably even less than that. This will be a transition period to crypto 2.0 technologies, where Bitcoins work as seed capital to develop those crypto 2.0 technologies (IPOs to distribute stock, development costs, etc), decentralized companies and a full-fledged economy based on those. This stage already started last November. By the end of this transition stage Bitcoins will stop appreciating, because a) it will have used its full potential and being just a store of value and a money transfer mechanism would not be good enough; and b) yes, it will be fully centralized by then, with all the inconveniences that centralization causes.