Quote:
Originally Posted by Go Get It
Is there any price that bitcoin could attain that people would have to believe in it? If not price some other measure of success?
Transaction volume sans illegality, gambling and speculation that is even a sliver of one Western country's trade
Trading volume that isn't a very tiny fraction of currency volume.
A few transactions a second is a joke. Illegal activity and speculation covers them all. If Bitcoin becomes half as used as PayPal for real world trade/transfers - which is itself a very tiny fraction of world trade - then it's a success.
You know, any tiny hint that it may become an actual store of wealth and a used transaction method apart from a speculation bubble/illegal activity.
Price is a pretty worthless measure in a pyramid scheme. Plenty of people have gotten rich off pyramids. This is the Internet + social media version of a pyramid, which reaches far more people and whips them into a bigger frenzy.
Quote:
Originally Posted by syndr0me
love TS posts in general, but the are depressing in this thread, even if you aren't a bitcoin fan, the gold is shiny argument is just sad
You pick the one thing I'm definitely correct on? Weird.
Last edited by ToothSayer; 10-31-2017 at 09:22 PM.