Post
Topic
Board Speculation
Re: view: bitcoin has hit its full potential
by
Robert Paulson
on 25/09/2014, 22:22:25 UTC
All the replies about what bitcoin "can do" and why it's destined to change the world... all these things, like ordering a taxi or buying pizza online... you can already do with this neat little invention called a credit card. They've actually been around for over 40 years...

Telling people here that bitcoin has maxed out is like walking into a heaven's gate meeting and telling them that there is no mythical space ship in the sky waiting to beam them to heaven. Members of this forum have been holding, and telling each other for the better part of a year that bitcoin is destined to change the world... just because it's so awesome and the sheep don't recognize it yet. Bitcoins are magical beans, you're all just holding and hoping to get rich. But the public is now aware of bitcoin and they're not interested. They don't care that it's centralized. People like centralization.

Why do you think libertarians only get 1 or 2% of the vote? People want a big government to look out for them, and even if they have an independent streak in them, they still don't want a digital currency, which can be potentially lost or stolen from them unless they're some kind of computer security expert. Not to mentioned the 60% decline in value in less than one year. If you think people will ever want bitcoin for anything other than speculating or gambling, then you must be smoking something.

your bank can close your credit card and freeze your account and there's nothing you can do about that.
bitcoin allows you to become your own bank, you can even loan funds to other people without anyone being able to stop you, no credit card can do that.

a system that disrupts 500 years of banking is not going to be perfect 5 years after its been invented, bitcoin's volatility will decline once the volume on exchanges becomes more substantial, today you only need a few million USD to move the price significantly.

people can want big government all they want, governments rise and fall like the winter wheat, none last forever.
even the mighty roman empire collapsed, but hey, i'm sure its different this time...