Re:Bitcoin – Potential Network Disruption on July 31st
by erikpukinskis on Thursday July 13, 2017 @02:00AM
(#14759059)
Bitcoin doesn't need to be prime time at all. Almost no banking services, outside of checking accounts and index funds, are "ready for prime time" and yet banking services is a huge market.
Re:Bitcoin – Potential Network Disruption on July 31st
by acjohnson55 on Thursday July 13, 2017 @09:56AM
(#14761220)
Fair point, but that still leaves a burden of proof to show what niche Bitcoin fills and how much that should be worth. It has to become a major pillar of either consumer spending or the financial system to justify its value.
Don't get me wrong, I think the concept is brilliant. I just don't see how nearly 10x value was created in about a year.
Re:Bitcoin – Potential Network Disruption on July 31st
by vortico on Thursday July 13, 2017 @06:12AM
(#14760065)
I would guess that the market value of Bitcoin will sink a bit due to the muddiness of this announcement. Which suggests that a centralized party (Bitcoin.org) has a great effect on Bitcoin after all, despite its appeal of being a decentralized currency.
Re:Bitcoin – Potential Network Disruption on July 31st
by Hydraulix989 on Thursday July 13, 2017 @01:43AM
(#14758987)
The demand for something like BTC is clearly there though.
Re:Bitcoin – Potential Network Disruption on July 31st
by jrimbault on Thursday July 13, 2017 @09:22AM
(#14760979)
How many individuals/7B is there?
But it also reinforces for me just how not ready for primetime BTC is, and it makes me think the appreciation over the past year is truly insane.