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Re:Bitcoin Hits $1 Billion by aneth4 on Friday March 29, 2013 @01:00PM (#5461643)
You're totally right. The world is not ready, just like it wasn't ready for e-commerce in 1996. I mean, who's going to put their credit card online? Who wants to buy stuff without feeling it?

BitCoin may always be more volatile than other currencies. That doesn't actually matter much as long as it's liquid with other commodities and currencies. Its primary purpose is transfer, not store value. It will however stabilize the more broadly it is held and the more real commerce it is involved in.

Re:Bitcoin Hits $1 Billion by Taylorious on Friday March 29, 2013 @01:07PM (#5461683)
I think eCommerce was a different situation than what you describe. People were already used to calling up and ordering things over the phone from a catalog using their credit card. Doing the same thing over the internet wasn't that much of a stretch.
Re:Bitcoin Hits $1 Billion by dreamdu5t on Friday March 29, 2013 @01:53PM (#5461981)
Uhhh... if you were around in the 90s everyone said "nobody will buy stuff online". Everyone. News articles, talking heads, books, etc. People scoffed at sites like eBay even years after it's launch.

It was very comparable to bitcoin. Everybody has been complaining about bitcoin while the entire time it's been growing and growing and growing. It's still growing and people are still acting as if it's nothing.

Re:Bitcoin Hits $1 Billion by puredemo on Friday March 29, 2013 @11:37PM (#5464243)
I was in high school and college in the ninties, that wasn't my experience at all. Pretty much everyone accepted e-commerce from the get-go. So my roommate and I are guessing how old you are currently, one of us says forty-five, one says sixty -- who won?
Re:Bitcoin Hits $1 Billion by aneth4 on Friday March 29, 2013 @01:31PM (#5461842)
That might be what you think, but you are not correct.

As someone who was actually involved in ecommerce in 1995, I can tell this was one of if not the biggest concern for consumers.

In 20 years, perhaps you will tell us BitCoin was not a big leap since we were already used to electronic checks and fiat currency.