Post
Topic
Board Speculation
Re: [prediction] Next spike $560,000 14 months from now
by
Chuckee
on 03/10/2014, 17:35:16 UTC
in the 1990s, the www did nothing for average people either.

I could list problems it solves and opportunities it creates, but it's boring doing that for the hundredth time. You would be correct in saying they do not all exist *yet*. But I'm betting with my wallet that they will within a few years.

The www was invented in what, 1993? 1994? Within a couple years, I was online with an Internet portal, and I was just a snot nosed kid who watched Nickelodeon all day. If I knew about it and was using it within such a short span of time, then obviously it had a significant impact on society. I could go online and find information about anything I wanted almost instantly via Yahoo or Alta Vista.

Bitcoin doesn't solve any problems for average people. If you tell people that it's more secure, then it's a lie, because nobody is backing the funds, and they can be lost or stolen with no course of action for the consumer. You can tell them it saves them on international transaction fees, but it doesn't matter, since anyone who actually cares about such a thing has a credit card that waives them anyway.

So what's left? Comparing bitcoin with the world wide web is a moot point.

The only thing that gets people's attention is when you tell them that it raised in price 10,000x over the past couple years. Money. That's all that anyone cares about, and until bitcoin actually provides real utility to users -- which it probably never will -- it's a flash in the frying pan of history. In 5 years, nobody will even remember any of this bullshit.