Excuse me if i got to tell you this, but you're wrong @cryptonomics1. Here is why...

in #cryptonomics15 years ago

Imagen1.png

Click on the picture for the article

You just said that bitcoin is not aimed to get mass adoption. You can say it today but then, all the words you said will be a crap. You have forgotten that Bitcoin HAS ENOUGH MASS ADOPTION when you saw how lower is today, or that is what am i mighting. Anyway in a different cases, you forgot the potential that Bitcoin has. I think this is the gadget of the decade, because it changed the finance and the way to pay in the mayority of all cases .
    I think your arguments are valid untill you say the Bitcoin will not get more mass adoption. It will has or it has today, it's the genesis of the crypto economy, the base for all cryptocurrencies like Litecoin, Ethereum, and Dash, by mentioning examples. You can't judge very faster the adoption of Bitcoin just because are not accepted in sites where PayPal or AliPay is the currency lord. Bitcoin has born to be the currency for internet. Period. The way the people want to adopt it as a payment method in a physical store depends the will of that physical store in adopt bitcoin as a payment method. Not depends in the availability from creators or responsibles of its technology to get aimed.
      Sorry for bothering, but your post deserved more than a reply...

      Sort:  

      I think your assuming Bitcoin is bigger than it actually is and the technology is flawed for mass adoption.

      If by some miracle we achieved mass adoption, for the first two to three years, most transactions will be small low valued transactions until the masses learn to trust this new digital money. Unfortunately, you can't do small transactions with Bitcoin and the masses won't accept paying an equally large fee. THIS IS A MASSIVE PROBLEM that will stop mass adoption because if this is peoples first experience of Bitcoin, they will dump it and forget about it.
      Bitcoin is desperately trying to get the lightning network used to solve this problem but not even their own community or maximalists are using it because it takes away the direct P2P 'permissionless' appeal of Bitcoin.

      Personally, I hate to say it because I hate the idea of it but I think Ripple XRP has the biggest chance of global adoption simply due to the work they are doing with the IMF and attempting to disrupt SWIFT. The Ripple community are currently waiting for the big announcement that will give Ripple a government approved global currency status. I hate the fact that Ripple is working with governments and the global establishment but by doing this they have the best chance of global adoption as things stand today.

      Also, before this contentious hard fork of Bitcoin Cash tomorrow, I would have said that Bitcoin Cash had a much better chance of mass adoption than Bitcoin simply because it can process small transactions and because Bitcoin.com is only promoting Bitcoin Cash. The masses are generally stupid and most people will visit bitcoin.com and think Bitcoin Cash is the real Bitcoin.

      So to sum up, Bitcoin is in a lot of trouble in regards to adoption and I don't believe they will be the first anymore. You only have to look into the community and read all the fighting going on and the negative image that all of the maximalists are creating around crypto.

      Yes, that the only problem of Bitcoin. The huge comissions. But taking a look at other coins like Ethereum and Dash coins, these have huge transactions fee. It's a madness but it doesn't mean that it won't be mass adoption. Sooner or later , there will be the chance for bitcoin mass adoption after FMI avaling.

      This morning, i have reed the speech of Lagarde saying about the need on cryptocurrency to solve economical issues on countries with poor economy -such Venezuela with its cryptocurrency, Petro-. Bitcoin will have a future next door, so we will expect positivity on mass adoption trial...

      Coin Marketplace

      STEEM 0.28
      TRX 0.11
      JST 0.034
      BTC 66038.71
      ETH 3178.89
      USDT 1.00
      SBD 4.05