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Originally Posted by kazbalah
Have you actually used it before, seen all the things it can do, and will do in the future?
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Our website accepts Bitcoin and our customers do not pay in Bitcoin -- based on thousands of transactions a month. Bitcoin has no future in the consumer market -- it's too complicated and confusing for consumers.
Bitcoin is just another dead or little used alternative payment method. Go see how many "peasants" you can get to sign-on to currency they don't understand ... How many shopkeepers in the small villages and even merchants in larger cities you can get to sign-on to accept Bitcoin. There is no real interest on this level and why should there be? You would have better luck selling a bag of stones.
Micro-banking and methods like Apple pay have a lot more mainstream support and a future in the developing world. Bitcoin is a dead end for consumer adoption. Bitcoin is on the down side of the bell curve, now stabilized by some big money players on Wall Street for speculation. I cannot declare Bitcoin on a death watch only for that reason.
KISS (Keep it simple stupid).
That answer your question?
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There may be a digital currency of some type in the future but it will not be the alt coins of today -- it may be some ''World Bank'' issued common currency that is agreed to by sovereign states, never printed physically but issued digitally by some agreed formula. You are naive to think governments will surrender control of money to some ''peoples currency'' -- not going to happen.
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Your fuzzy math is boring. How many of my customers have Bitcoin to spend? None or damn few. The only market is in alt coin miner's minds like the Gold Rush of 1849 (and others) the miners want to get rich -- the egalitarian speech is a joke and very transparent.
@darksole -- I am open to new ideas in transactions currencies -- without all of the Bitcoin and alt coin "drama'. "tgps, mgps, tubes, " have seen wide consumer adoptions (and defections to the newest trend) but they were simple for consumers to use. Cash money or credit/debit cards are easy to understand and use for consumers. More importantly, the benefits were immediate and obvious. Money (transaction currencies) are not flash-in-the-pan consumer marketing.