Yes it is !!! And also for all ponzi scheme supporters. The only thing you can do right now is going to kill yourself because you have completely missed this train.

....aaaaaargh

And that's the main point. Coin is very unfortunate term from psychological POV. Usually people have the Coin term associated with lowest partition referring to money. But in case of BTC it is quite the opposite. The Coin here is actually the highest unit you can get. The Note term would be much better for masses to understand, e.g. BitNote. However, I don't blame Satoshi for this. But the thing is, if BTC is supposed to be widespread and used by regular people, it needs to be explained to them it can be split. Vast majority of trades would be in much smaller BTC units in the future. BTW it somehow reminds me one episode of The Simpsons, where Mr.Burns owned $1 trillion bank note. BTC is similar to that.

Somehow I still cannot understand this fetish. Why the majority of people, who heard of Bitcoin, wants to own exactly 1BTC and nothing less ?

Wake up, there will be only 21,000,000 of BTCs in the final. Even less, as lots of them would be lost forever (lost private keys, etc.). And it's simply impossible for majority of people to own such a huge amount of BTC. Yes, from long term perspective, 1 BTC is insanely a lot of value (we're talking millions of $ here). 21 million BTCs is far too little for regular people to own 1 BTC when speaking of mass adoption. Therefore we have mBTCs and even smaller parts of BTC. I think this is essential for all BTC newcomers to understand.

So stop dreaming of BTCs and join the show using mBTCs. Believe me, it will be more than enough too.

BTC sure can replace any currency, or be equal say the least. Of course not now as we're still on the very beginning of the show. As the adoption continues, the value of BTC will rise along (with some partial jumps up and down) and we're NOT talking in units of $ as it is right now, but hundreds, thousands, ten thousands, hundred thousands of $.

BTC is deflationary currency. A lot of people is still not getting this right and don't understand what deflationary currency means. With wider adoption the value of BTC will be stabilized for sure. It's really hard to predict now, but it would be something around $ 5,000,000..10,000,000 per BTC, when it comes. It might look like beautiful fantasy to some of you, but it's just simple math, when conditions are met.

It is so simple. The transaction fees are high because BTC users are ready to pay them. It's actually only them, who are responsible for high fees. As a matter of fact voluntary fees can kill the whole BTC, because they are driven by greed which can be endless (because of people's nature). This is a real issue in BTC protocol that must be resolved, sooner the better.

I do understand their purpose (reward for miners in the future, instead of newly mined BTCs), but the fees regulation is really needed and should be set to constant - e.g. 1 satoshi per 100KB. No matter how big the transaction is, all transactions would be with the same priority, with no possibility for any of them to be "forgotten" in the space.

Bitcoin as such cannot be replaced. But interest of people in Bitcoin can be replaced.

like, from FIAT point of view...

Now I prefer EUR to USD. But if they would start to print USD bank notes with some nice girls instead of those ugly presidents, my preferences may change. Who knows

Lotsa people don't understand what the fork means in reality. I'll try to explain it in a simplified way on this case.

On the 1st of August 2017 a new blockchain was created. It was created as a copy of existing one. So all BTC addresses to exist prior to fork, exist on both blockchains now. Meaning if you send your BCH to address created prior to fork, your BCH will be sent to address within BCH blockchain, as it is now completely separate blockchain from BTC.

If you try to send your BCH to BTC address created after the fork, it does nothing. It is the same situation if you would send the BTC to made up address. Such transaction cannot be confirmed by any node.

It is basically the same question if it is possible to send BTC to Litecoin address for example. Answer is no, it is NOT.

Correct me if I'm wrong.

But isn't the solution for this to provide all users with their private keys, Coinbase is storing for them? So all users can use them with any other BCH wallet? These BCH coins exists and they won't disappear just because Coinbase doesn't support BCH.

If Bitcoin is going to be mainstream currency one day, which is very likely to happen in few years from now, then even 1 mBTC would be more than enough.

I don't know why, but majority of people interested in Bitcoins are still thinking about Bitcoin only in its basic units (not knowing it can be handled in smaller units), which is one of the biggest issue for wider adoption. Everybody wants to own a coin. Why?! Bitcoin is also mBTC.

21 million of Bitcoins is way too small number in terms of regular people owning at least one whole coin.

There are many BTC value rallies to come in upcoming years. Now when the price is far behind the $1,000 it's perfect time to push it a little bit further for as many newcomers as possible. I see some milestones in wider adoption of BTC worldwide. I would call it "trains":

- the first "train" is already gone. It was called BTC. This was train for early adopters, who acquired Bitcoins at the price of tens of $, or when mining was much more easier than it is now
- the second "train" is slowly starting right now and it is called mBTC (one thousandth of BTC). And its price is very nice at the moment cca $2.70 per 1 mBTC. It is very likely that this train will go the same way as the first train. And in few years we're gonna see the same scenario with mBTC as we saw with BTC since 2010.
- the third "train" would be for the masses and it will be called μBTC (one thousandth of mBTC). This would be the final one, when Bitcoin will become mainstream and majority of daily business transactions will be performed in μBTCs.

1. Considering current BTC adoption worldwide, which is around 0.001% of all population. All people dealing with BTC nowadays are early adopters. Even with the "price" of $1000 per 1BTC.
2. If BTC is going to be global currency, some simple math:

- approx. amount of all FIAT money in the world = $75 000 000 000 000
- max available amount of all BTC = 21 000 000
- potential highest value of BTC, if it replaces FIAT (never to happen) = $75 000 000 000 000 / 21 000 000 = $3 571 428 per 1BTC

Actually that number is irrelevant. With wider adoption BTC won't be usable unit for regular people, it will be mBTC, later on μBTC, later on nBTC, later on pBTC.

So yes, if Bitcoin is here to stay, all early adopters (including those buying today) are the new wealthy elite.

I remember early 90ties very well. People were laughing about the internet. Indeed I had this experience.

Bitcoin is very similar to internet. Actually Bitcoin IS internet of today. Yet still in its pioneer years, as was internet in 70ties (arpanet). So there are many years to come and go. And we are still at the very beginning.

Maybe 80% of all people out there heard of Bitcoin already. Because of news, media and so on.

But maybe only 0.001% of all people out there are really dealing with Bitcoin. Because of its volume (if you want to deal with it, you usually want to own at least 1 whole BTC, people don't know it can be split), complexity, fear,...

If you consider, the value of BTC (not the price, price in FIAT is not a measure for BTC) with 0.001% adoption. What it would be with 1%, or 10% adoption?

One of the main issues for wider adoption is its basic unit - 1 BTC. If traders, media,... started using smaller units like 1mBTC, 1μBTC, 1nBTC, 1pBTC (as adoption would grow), it would help much.

If this is really gonna happen, there will be some shift in decimal point needed for sure. And BTC will be replaced by mBTC at least as a base unit.

from BTC point of view...

it totally doesn't matter what any country consider BTC to be...only thing that matters is what real people consider it to be...and if they decide to use it as a means of payment for goods who's gonna stop them?

countries can disagree, can start a dispute, but that's all they can do about it...it will always totally depend on REAL people and their trust...and that's the REAL value of BTC

never had and never gonna sell any of my BTCs for FIAT

IMHO it's not the right way to think of bitcoin in this fashion. Though I'm sure that 99.99% of BTC buyers/sellers nowadays are interested only in the value of BTC in FIAT currencies as they hope to exchange it back into FIAT when it will reach some "FIAT" value. But I believe it's just temporary hype and with wider adoption by merchants people will consider BTC a real currency and they will use it for buying stuff instead of trading it for some worthless FIAT currency which BTW will lose its value more and more in the future (for its nature). I think that selling BTC for FIAT is just waste of BTC.

The value of BTC is the stuff you can buy for it and how much do you value it for yourself. For most people that stuff is some bullcrap FIAT currency, but it will change, trust me  

We're just in the very beginning of a helluva ride  
If you can read in between lines of lately news regarding BTC. Big things are on the list in the months to come.
Bitcoin can be a game changer in the world's economy.

First countries to fully understand what's going on with Bitcoins can be new world leaders.

There is Bitcoin ATM in Bratislava, Slovakia already. Not sure if it was to be the first on European soil though.

I have read lotsa articles on BTC lately. I have noticed most of them are overlooking one important fact about BTC when considering to name it a currency and see its real possibilities. The fact it can be divided - 0.001, 0.000001, 0.00000000000001 or whatever. There is practically no limitation.

I think this is essential for wider acceptance too. People are used to think in scales of 1$, 1EUR,...when it comes to currency and now 1 BTC. But this is wrong. There will be only 21mil of BTCs (actually less as some coins will be lost forever), but number of BTC users will be probably in hundreds of millions. There will be definitelly need to find apropriate name for smaller BTC unit for masses to use - something pretty catchy 

Mathematically. IF BTC would take over just 1% of worldwide markets and currency holders. It's price would be somewhere 1mil$/1BTC. Simple as that.