Quote from: TaunSew on September 27, 2014, 09:06:32 AM

Quote from: lonely@thetop on September 26, 2014, 12:39:28 PM

Quote from: inca on September 26, 2014, 11:01:13 AM

Paypal integrating bitcoin as justification for future success and price rises is wishful thinking? Not sure I agree with you there.

Of course crypto 2.0 coin could rise up and win the race. But as it stands bitcoin has a huge first mover advantage, huge network effect advantage and is the only crypto being built into internet payment systems globally. It may fail but its upside potential are undeniable.

To say it has reached its potential as we are on the cusp of going mainstream, with huge VC infrastructure investment ongoing, suggests you either sold already or cannot handle the volatility of a long term bull market.

AltaVista had first mover advantage against Google, MySpace had first mover advantage against Facebook. Nokia had first mover advantage against iPhone. I see that everyone here believes what they want to believe and opinions catering to personal biases are favored, others dismissed.

I won't post here again. I have no agenda, just posted the message. Do what ever the fuck you want.

The first mover advantage would make sense in context if Bitcoin had large numbers of users. Bitcoin is only estimated to have 500K-2M users..

I would be singing a different tune if Bitcoin had 10 or 20 million users but doesn't. Bitcoin pioneered the initial innovation but the torch is slowly being passed to the 2.0 coins.

It is the underlying bitcoin network that gives bitcoin its network effect not simply the number of users. No altcoin is currently even close.