Quote:
Originally Posted by TheSquealer
So you think that anyone starting a company to compete with a $200,000,000,000.00 company, their bottling capability, their 8 figure marketing campaigns and having restaurants worldwide locked down and failing to compete is analagous?
What would Coke's position be in the market when 20,000 people could jump in on a whim and create a startup with a level playing field with Coca Cola in terms of resources, marketing and distribution? That's what bitcoin is. Anyone can do it. So ultimately the idea of digital currencies might succeed in some form, but its highly improbable that bitcoin will any more than excite.com, netscape.com, prodigy.com, webcrawler.com etc was in the start of the web.
Bitcoin is like looking at day 2 of the internet and telling the guy who created a search engine or browser that he's the future. No one here could ever come close to predicting where this will be in 1 year, or 2 years and peoples certainty on the subject is proof positive of irrational behavior and views.
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Its kinda dumb to say I can start a cyrpto currency right now and be on the same level, of computing power, and acceptance that bitcoin is on. There are lots of cryptocurrencies out there but you probably dont know about them cause they offer nothing really new. If I want to buy drugs am I going to buy a crypto currency that noone is using to buy drugs or am I going to buy bitcoin where it is accepted already? I'm sure there will be some that come out that with properties that people want to use and that is fine. Bitcoin will always be used as a means of transfer weather the value is one penny or 1 billion dollars. Its not meant to be a speculative investment, but a means of transfer.