No average Joe used computers and the internet back in the early 1990s.
Poll: Will Bitcoin hit $2500 in the next 18months?
- Thread starter orbit23
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No average Joe used computers and the internet back in the early 1990s.
It actually has the best security on the planet.
Never been hacked, 99.9% uptime over 10+ years.
If you think the security is shit, try and hack the network and tell us how you got on.
What, in every country?
Switzerland for example is very pro Bitcoin. Same with Singapore. The Uk to a certain extent.
How they'd love some clumsy government to start putting up road blocks.
Plus, think about a crush or ban. Wouldn't that prove that it's working? Wouldn't it prove it's a threat? Thanks to the internet more and more people are getting an education about how governments/money/banking works so if that cartel says it's bad more people realise it's bad for them. And what's bad for them conversly is good for us.
Sure, but then we'll have a choice won't we. Fed Coin, backed and controlled by the Fed and Bitcoin, backed and controlled by nobody. You think there's a market for both?
If people want to see a long term tenacious trend in action here's one being played out -
People who initially dismissed Bitcoin turning into Bitcoin holders.
Just last week for example, MicroStrategy used 25% of their treasury to diversify into Bitcoin. That was $250m! And guess what, the company initially dismissed Bitcoin. Expect more moves like this.
People who initially dismissed Bitcoin turning into Bitcoin holders.
Just last week for example, MicroStrategy used 25% of their treasury to diversify into Bitcoin. That was $250m! And guess what, the company initially dismissed Bitcoin. Expect more moves like this.
It's a feature.
Along with no head office, or even an office.
No CEO
No marketing team.
No central authority.
It's called decentralisation and it's going to be a long term trend for many many things.
First off, you do realize you can put multiple quotes in a single post right?
Not sure how you can compare a single digital currency to personal computers. That's laughable. Bitcoin is a single digital currency, not the wheel.
Not quite sure where you get your beliefs, but all one needs do is Google "bitcoin hacked" and it will show a recent hack, and certainly not the first time. It's been hacked on several occasions.
My dollar is worth a dollar because its federally backed. $1,000 is worth one thing a year ago, another a month ago, something different today in Bitcoin. I'll take the federally backed dollar.
Putting $10,000 into Bitcoin and losing my key is not a feature, it's a huge problem. Plenty of people could run into this problem for any number of reasons (brain trauma, house burns down, hard drive damage, thousand other reasons). I know if any of these aspects happened with me now there are avenues to reattain my money. With Bitcoin my money is gone forever. If that's a feature you can keep it.
Not sure how you can compare a single digital currency to personal computers. That's laughable. Bitcoin is a single digital currency, not the wheel.
Not quite sure where you get your beliefs, but all one needs do is Google "bitcoin hacked" and it will show a recent hack, and certainly not the first time. It's been hacked on several occasions.
My dollar is worth a dollar because its federally backed. $1,000 is worth one thing a year ago, another a month ago, something different today in Bitcoin. I'll take the federally backed dollar.
Putting $10,000 into Bitcoin and losing my key is not a feature, it's a huge problem. Plenty of people could run into this problem for any number of reasons (brain trauma, house burns down, hard drive damage, thousand other reasons). I know if any of these aspects happened with me now there are avenues to reattain my money. With Bitcoin my money is gone forever. If that's a feature you can keep it.
Yes.
You can't of course make the same comparison.
However, the comparison I was making is simple. Bitcoin, like computers in the beginning, was hard to use (and even buy). Command line etc. But over time the developers make things easier so opening up the technology to ever more people. Now people can buy Bitcoin with a few swipes.
As the usability of Bitcoin improves year on year so the total amount of wallets increases. There's a direct correlation just like with PCs.
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You're talking about Exchanges being hacked and not Bitcoin. Bitcoin is basically unhackable as had been proved over the last 10 years and will continue to be proved over the coming decades.
For anyone that lost Bitcoin because they held it on an Exchange they only have themselves to blame. Not your keys not your Bitcoin is as old as Bitcoin itself.