Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open
Bitcoin is a monetary base......I'm in Bitcoin because of one thing and one thing only - an atrophying financial system that's on life support until something better comes along.
While I agree with you philosophically, it's pretty hard to look at the 2014 BTC chart and not say the exact same thing about it at this point.
Don't get me wrong - the "print more/borrow more" attitudes of the major economies are definitely a losing proposition... but unless you mined/bought BTC more than a year ago (or traded alts with reasonable success) - you'd have been better off just staying in cash. 3-4% inflation (or more accurately value-depreciation) seems like a screaming deal when compared to a 60% loss of value in a single year.
And BTC is one of the very best as far as coins that have survived a year or more... the rest are really scary.
This doesn't belong in here along with the nonsense and the lies of Zimbeck the Turd, but it is way more sensible and interesting that all of that crap.
A recent poll in the UK showed that more and more people is aware of the existence of BTC -first step towards actual participation- but ALL of those had heard of it mostly for the scams associated with it, which means that the adoption of BTC is progressing extraordinarily well in spite of that association, which is both remarkable and very positive for the future. A REGULATED future, mind you. There's simply no other way. Either the crooks are rooted out of digital currencies of these will cease to exist altogether within a few years. We all know the technology will indeed not just survive but thrive in fact, but no digital currency needs to be associated with it. And it won't unless the field is cleaned up in a hurry.
You're forgetting the fact that majority of those people look at bitcoin as commodity. New buyers or not..they're not using bitcoin to buy stuff..they're using it as an investment and they convert it to fiat as soon as price has risen above their purchase price.
It doesn't fcking matter how many ATMs are created or how many people are aware of it. If people can't see the technology and how it's beneficial to the world then there is no future to it. Period.
Smart thing would be to let everything survive and focus on the coin that you believe in rather than trying to pull other crypto down. If Yen, Dollar, Euro, Denar and Pound can exist in the same world then there is no reason why Bitcoin, Bay, BC & DRK can't exist at the same time.