Quote from: BittBurger on October 01, 2014, 01:03:50 AM

OP:

I appreciate your first post. And this thread. Its good to get everyone tackling the elephant in the room, head on. It gets people talking. And thinking. And the entrepreneurs out there will come up with solutions. My only response to your rant is this: Incentive needs to be created. Or Bitcoin needs to become part of the financial fabric. From what I am seeing, major thinkers and players are doing just that. Major companies, powerful people, and some of the very smartest are gathering and putting their minds together. This is something entirely new. And your expectations (everyones expectations) for consumer adoption, are premature. We aren't there yet. We will be. Eventually. And how do I know that? Because I see the foundations being built right now.

You can have any opinion you want of Bitcoin. You can't deny the statistics and facts, that the infrastructure is growing at a rapid pace. And that is all that's necessary for Bitcoin to become part of the financial fabric of society. Nobody knows how it will pan out. How it will develop. Nobody knows just what catalysts will come that will be the true turning point. But that's all being tried and tested. Its just beginning. What business model will be the killer app? What social/government/economic environment will kickstart its adoption?

Could we have predicted that every Barnes and Noble would go out of business, when the internet first appeared, and in fact had been around for 10 years by 1996? For fuck sake, Amazon.com didn't even have a web site until 1999. How long after internets inception was that? Now look at Amazon. Look at Barnes and Noble. How many years was Amazon around before Barnes and Noble finally started struggling to stay afloat? How long was the internet around before Blockbuster started closing its doors?

Here we are at a pithy 5 years and we're screaming the doom of Bitcoin because worldwide consumer adoption hasn't begun? In 1996 nobody had a fucking incentive to shop online either. You easily could have stood there, 10 years after internet's inception and said "Fuck this. We're 10 years in, and people are still shopping in stores". I think you get my point. You're right. Consumers have NO incentive to use Bitcoin. The reason why? Because the infrastructure hasn't been built for Consumer use yet. But its going to be. And you can feel confident in that by simply paying attention to whats going on in the industry. Listening to the Podcasts. Reading the Google News Feed for keyword Bitcoin. Subscribing to the Subreddit. There is so much shit going down right now Its nearly impossible to keep track of it all. Businesses are being started. Great minds are thinking. Effort and money and time is being poured into this. And that's what results in success.

I hope you were able to read all of that and fully digest it. Apologies for the length.

-B-

This.... This right here is what will keep bitcoin alive.... :-)

EDIT: added smiley face. :-)