u drinks the coolaid. Anybody been in corporate world long enough knows that companies adapt and be ruthless if survivial at stake. if btc at any point in danger of taking big chuncks of customner away from mastercard and visa, these compabies will react. they will cut their charge to retailers from your $0.30 down to $0.01 to match btc if they have to, lay off workforce to cut costs, they have most of the infrastruture in place now so can go lean on capital investment for a few years until they ride out the btc threat. Heck, they could even afford to PAY retailers for a short while. Folks, you all think in 2D, the big corps do 3D around ya.

because peeps have long history of knowing how much things are in fiat, e.g. everyone knows approximate price of loaf of bread in fiat, so say its $1 where you are, the price will probably was $1 last week and will be $1 next week more or less by few cents. Peeps don't know how many btc for a loaf and they certainly don't want to know that it was 0.005btc last week but today is 0.01btc and who knows how many btw for a loaf the morrow?

Also I be thinking that we there is more likeliness of pushing through banking reform(e.g. u know the spiel, debt-free money issuance by government etc.etc.) than it is pushing than seeing mass adoption of btc.

Today I see in news, UK Chancellor trying to create new law that will legally force future UK governments to have a budget surplus if the economy is growing. I never thought that this type of law is coming to pass. Also, the power of banks in UK rapidly diminish, HSBC in process of getting booted out. So if money is reformed, then really we do not need something like btw, except for peeps on here who just in it to make the quick speculation buck innit?

I be thinking about ways to make adoption happen, been racking me brains and only scenario I can think of that can make mass adoption happen is if major high street banks offer "bitcoin accounts" to average joe. Then average joe will feel confident to start using it. Of course, banks is unlikely to do this but anything is possible. Without this happening, the financial offering by the banks will always be seen as greater than what some nerdy goofy technology like bitcoin can offer. One thing is that banks have much more marketing power and high street presence and in today's culture, that means everything to average joe.

Hear me answer, I live in UK and its easy to pay for everything with bank card e.g.

1. i go to shop and buy food with contactless payment, whole thing takes less than 10 seconds.
2. for larger purchases, I put in PIN number. this process gives average Joe feeling of warmth and security like he contributing to security process.
3. for buying stuff online, I put my bank card details into Amazon and do 1-click to buy. Every 2 or 3 years I update card information when I get a new card.
4. only drawback is international wire transfers are expensive, but I sometimes use transferwise.com. average joe does international transfers maybe once or twice a year, maybe never?
5. travel on holiday, I use bank card and elect to get charged in local currency. my bank charge me flat 3% on all purchases. ok not great but I accept this.
6. my bank gives me fraud protection. once I had £1500 taken from me. I reported it to bank and said it wasn't me and no questions asked they gave me the money back in a day or two.

all I describe above are benefits I get from using an ordinary UK bank account with card. Peeps on this forum are not average joes. The points I write above will completely satisfy 100% the average joe's financial needs. This why no mainstream adoption of btc.

Yup, I surely do. I'm a jaynius now eh?

here check this idea out: i been doing a litle thinking lately and i come to the conclusion that only bears really care for the future of btc in the ideal sense. why?? because bulls are looking to get da moon right? if that happen and btc is $10k or $100k each then on the journey to that place, nobody doing the things that actually matter and why btc was created in the first place, ie spending on pizzas. this will kill btc as surely as someone finding a way to reverse the hash. bears on the other hand want price to come down, and by doing many good things happen: peeps will buy more pizzas, other peeps might want to "buy a little btc" to try it out a bit, shops and commerce will be more comfortable dealing and pricing in btc. so we bears are the "right side" ha har 

dude you call that a serious player? the founder said that $70m "blows his mind" wtf?

dude, no serious inistutional player is going to invest in btc. the fund managers won't risk their jobs on it, simple as that. why take a risk and get involved with somethin on the fringe like btc when they can just stick to stocks and bonds. believe me dude, i work in finance for 21 years now, i know this shit. the only "institutions" who might get involved are boutuque funds like winkledouche etf. the big boys won't touch, it took 25 years+ before the big insitutions would even touch the hedgies. how long do u think it will take for something like anon digital currency. too fucking long for the likes on this forum.

can you imagine doing a transfer of 400k coins, i'd be shitting bricks when clicking on send in case i got the destination address wrong somehow.

From my memory, i think Amway at its peak was one of the largest if not the largest privately held company in the US. its turnover was well into the billions.

i capiche baby, but you confer perfect maths to the whole bitcoin agenda. only certain parts of bitcoin are perfect in the laws of maths, ie the hashing process. however there are many non-mathematical reasons why bitcoin can go the same way of amway which i alluded to my post earlier, ie, the human factors of the genral public not adopting; You try explaing the math beauty that is bitcoin to the unshaven. also dont forget that bitcoin might be a perfect mathematical idea executed imperfectly. 51% anyone?

does not compute.. goto line 10

answer this question honestly, drop the bullcrap for 10 seconds:

Q: if you were given the option of (A) having $200m with probablty 100% or (B) having $1bn with probabilty 20%. Which wuld you choose?

look here genius, everybody knows that amway and bitcoin are different setups, i was referring to the pych of the people involved, ie the same blind faith shown by amway robots and bitcoiners moonriders. capiche now?

positive for who though? one thing is for sure, the fucker who is moving that pile around has been rumbled. he has now a short time to do what he has to do before the markets move against him. strap on yer crash helmets peeps  

i is getting butterfly feeling in my stomach for some reason

well fud you, and fud you too lloydie

vertical growth compared to bitcoin? bitcoin hasn't had any vertical growth. did you see my chart that I posted in my last post? how do you know we are not at saturation yet? just because your auntie and grandma don't use bitcoin then you assume we are not at saturation. Breaking news bud, they are never going to use bitcoin    if you seriously thnk they will, then you need to dunk your head a few times in bucket of iced water and then we continue below ok?