Quote from: exocytosis on October 31, 2014, 11:33:23 PM

Quote from: Wilhelm on October 31, 2014, 09:43:56 PM

OP why don't you start thinking for yourself. What is Bitcoin worth to you?

In my opinion Bitcoin is like mobile phones. It will take some years to develop the infrastructure and get people to use it.

We are here
http://upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Nokia_3310.jpg/266px-Nokia_3310.jpg

No. That's a Nokia 3310, and the mobile market was already enormous by the time that model was launched. Hundreds of millions of people owned mobile phones back then. Bitcoin is a whopping six years old now, and has only managed to attract a couple of hundred thousand people -- mostly nerds, libertarians, cultists, bulltards, scammers and criminals. The Average Joe immediately saw utility in mobile phones, and those same Joes have rejected Bitcoin, since Bitcoin has zero utility compared to things like fiat, gold and credit cards.
Bitcoin adoption is falling, a fact proven by the steadily declining price. It's just a simple matter of supply and demand. Nothing more.

This is true. Mostly nerds, libertarians, cultists, bulltards, scammers and criminals are the only ones that have utility for this now, but eventually all will find utility. Their utility will come not from bitcoin, but from a basket of crypto or whatever currency is viable then. It's simply crazy and illogical to concentrate so much value in just one currency, especially bitcoin which is so drastically concentrated. The utility is there, but in a basket of these, not bitcoin in particular.

november85

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