Re:A Prediction: Bitcoin Is Doomed to Fail
by phaemon on Friday November 29, 2013 @02:58AM
(#6818331)
> eh you lost me, man. he still has the option to only take USD or use a 3rd party payment processor.
Uh, no he doesn't. He only takes Units. We're talking about your hypothetical melon salesman, remember?
> Better solutions will emerge and could just co-opt the Bitcoin infrastructure.
Probably. I would certainly hope so! That doesn't stop Bitcoin being valuable right now and new solutions being more valuable in the future. There's no reason not to have several competing digital currencies on the go.
I definitely understand the value as an infrastructure, but this is the web. Better solutions will emerge and could just co-opt the Bitcoin infrastructure. Like the way ISPs came in and bought access to the data lines of phone companies, same idea.