I think there is some misunderstanding between OP and his opponents.

If my understanding is correct (OP correct me if I got it wrong) OP doesn't claim that blockchain technology is a fad and I see no statement in his stance that suggests that the future global financial infrastructure isn't going to be underpinned by cryptography and peer-to-peer technology. On the other hand, many people who react to OP's stance seem to be doing an amalgamation of the concept of crypto-currency and the specific instance of this concept that is Bitcoin and generalize any argument made against Bitcoin as if they were made against the technical breakthrough of blockchain technology at large and its relevance to the future of global financial infrastructure. Granted, the fact that Satoshi didn't dissociate the name of the concept he invented from the name of its first implementation participates to the confusion.

But let's step back and look at things objectively: Satoshi's major contribution isn't Bitcoin but blockchain technology in the same way as James Watt's contribution to technology is the steam engine with rotary motion as a general concept and not that specific 10-horsepower model that he initially patented and that back then was perceived to be his invention and was expected to take over locomotion globally. A few hundred years later nobody remembers that specific engine model he submitted and we are not even using steam powered vehicules anymore but everyone remembers James Watt as the guy who figured how to convert steam power into rotary motion and enabled a new era of mass transportation. So these people who feel outraged at the idea that Satoshi's invention is being riped off by copycats and Satoshi's credit and legacy diluted, don't worry: although it may seem from our current perspective that so called alternate currencies are parasites and that Satoshi's original invention is being abused and wronged somehow, it will appear in hindsight that this frustrating invasion of alternate currencies was indeed the path chosen by technological evolution that made it possible for blockchain technology to prevail eventually.

Technology as the extension of evolution in human realm will seek to fill any gap that would allow for improvement. We know that a faster transaction network is possible. We know that a transaction network with more bandwidth is possible. We know that a transaction network consuming less resources is possible. We know that a transaction network with more features is possible. We know that a transaction network more fit to existing global financial ecosystem is possible. And we know that technological evolution / progress will ensure that what is possible actually occurs. We therefore all know that a transaction network with faster transaction time, larger bandwidth, lower resources consumption, larger features set and more fitness to current ecosystem is bound to emerge and replace Bitcoin. Although this is a difficult truth to look at, convinced as we are that this would somehow be some betrayal to Satoshi's legacy, this is nonetheless the truth and history will show that no matter how many iterations and what the final form blockchain technology will take, Satoshi will forever be celebrated as the man behind this revolution.

The bottom line as far as this thread is concerned is that although blockchain technology has entered our technological genome for good, Bitcoin as its first instance is not here to stay and will necessarily be replaced by more advanced designs. I will not venture to speculate on timelines or the identity of possible contenders and it is very possible that the currency that will overtake Bitcoin hasn't been incepted yet but a quick look at market capitalizations will nonetheless confirm beyond doubt that the relative market share of Bitcoin is shrinking and prompt objective observers to realize that Bitcoin is losing ground.

Upon this realization, investors would be wise to start analyzing the market and consider hedging when they perceive that a viable contender has entered the market and appears to be gaining ground.

Can u sell lower of your price now?

Should be in meta.

OP, remember, keeping things organized is how most of us like it.

Because you are really the OP, correct? 

It doesn't have to absorb it all or be nothing. There are people who only use cash, won't use the internet, telephones, don't have a facebook, etc..It doesn't have to be a part of a lot of countries to succeed, just be used by a percentage of the population as a choice of payment. Just because Satoshi said it, doesn't make it true, it was just his personal opinion. Stop saying it like it's a scientific law.  This is just the start of Bitcoin. It will take years to develop and make more mainstream so the less techinically inclined people can use it and understand it. The sentiment of the forum right now is horrible. Yes, bears have been right this year, but they cannot predict the long term future of Bitcoin. Everyone needs to stop sh1tting on Bitcoin so people who google it don't come across so much negativity from people who are only trying to drive the price down and collect more coins for themselves. It scares people away and gives Bitcoin a bad name.

This actually belongs in the meta forum and should hopefully be moved soon as well. Can't you follow simple instructions? BTW you absolutely love the word delusional, in fact you use that instead of providing sound arguments.

"Re: Stop your BTC cheerleading and mass delusion and face the reality "

"What we have here is a bunch of delusional men"

"In short, a massive delusion without a use case."

"the delusion men attack my ideas"

"there is massive cheerleading and delusion."

"there is a problem with delusional cheerleading"

"Continue with your delusion."

"You are delusional males"

"which is another delusion"

"because of your delusion"

"Yes, you are delusional."

"Evidence of delusion. Thanks."

"You are delusional. I am on a virtual forum."

All within about 1-2 hours...you are about to set a record.


Can a mod just ban this guy for trolling? I think he needs to put some work into creating new accounts and then ban each new account based on his IP (but dont ban his IP! lets keep him working!). Then once he uses a proxy/tor/vpn we can just track him by how many of his arguments boil down to "blah blah delusion(al) blah blah"

those arguing that bitcoin doesnt have a unique purpose that differs from other currencies.. please understand that FIAT no matter what country you live in, is the SAME!. it does not have any unique features differing each other.

so ask yourself if you can do everything with the dollar, that you can also do with a euro... why isnt everyone using the euro.

mastercard, american express and visa are all the same. the method of payment is no different. so ask yourself if everything can be done with mastercard, why does visa, american express exist.

western union.. blah blah... why does moneygram exist.
t-mobile blah blah.. why does vodaphone exist.
pepsi blah blah why does cocacola exist.
Mcdonalds blah blah why does burgerking exist.
budweiser blah blah why does miller/coors exist.

again dollar blah blah why does euro, pound, yuan, ruble, mpesa, peso, exist.

staying on the currency topic lets talk about global reach. the american dollar has ben literally FIGHTING for global dominance for well over 100 years, but only 320million people use it daily. thats not even 5% world adoption, so anyone defending and trying to talk people into staying with the dollar.. well it is obvious that they have an agenda..

when you realise that people prefer choices and freedoms then you will understand that bitcoin gives an extra choice.

bitcoin is actually far different than what fiat is, in many many ways. bitcoin also offers abilities and strengths that gold cannot offer. it offers many abilities that paypal, mastercard, western union, bank accounts, bank notes cannot offer. and im not even talking about anonymity.

i personally do not care about the price.. it has been days since i checked the price, and even though i hold lots of bitcoins, the price rises or drops do not matter to me one bit. as i can see the potential and future of bitcoin. that said if bitcoin was to drop to 1c i could loose hundreds of thousands of dollars of value.. but that does not phase me as im not in it for the fiat wealth or fiat retirement. once you get passed measuring bitcoin vs fiat and actually use bitcoin properly you will see what it can do for many people. without actually requiring world domination.

bitcoin doesnt need billions of users to be a success, like i said the dollar only has 320million regular users and people hail the dollar as a success.. (i am laughing while writing that statement as i think american government is delusional about its power)

lastly if anyone is shouting that bitcoin is dead and will only be worth 1cent soon. how about you sell me 1bitcoin for 1c now and put your money where your mouth is. i dare you to sell me 1000 bitcoins for $10. until you are willing to do such a thing, your points are meaningless.

every time the price of BTC goes down, people like OP invade the forum with their bullshit.

Every time the price of BTC goes up, people like OP look at the price, seething with rage, foaming at the mouth, wishing they invested earlier.

Attempts to predict whether bitcoin will increase or decrease in exchange rate belong in speculation subforum.








Sure looks like a discussion about price to me.

I'm not trying to "hide" anything.  If I was, I'd say that the topic should be deleted.  I'm just suggesting that it would better fit in a different sub forum.

a man can dream right?

let us dream

Trying to hide this?

No specific price was speculated. It discussion about scaling which is not a speculation topic.

Why does bitcoin need to: "absorb the total global economy"  ? Credit cards don't account for the global economy and still are successful.