Quote:
Originally Posted by halfpint
Ohh Im not just talking about Bitcoin there is way more than Bitcoin around and now Litecoin is also being accepted in a lot more places. I sure hope Bitcoin doesnt save piracy but I do think that in time cryptocoins will be one of many very popular payment systems online.
Over time cryptocoins will become much easier to use to buy and sell goods.
I remember when Bitcoin first started to become popular it was so confusing to even get it as a payment gateway on a site now it is so much easier to do, and there are sites which you can sign up to like a merchant account and add BTC as a payment. They were never around a few years back.
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For any kind of cryptocoin to have a chance of going mainstream it needs to interface to the common transactional systems available on this planet - this means bank accounts and credit cards. For that to happen there will need to be regulation.
The people who are lucky enough to be benefiting from the Paypal/Epoch trial remark at the increase in sales from that integration. Nobody on the planet is shouting about the money that they are making by having Bitcoin as a payment option.
Until the people who control monetary systems (read: Governments) adopt the Bitcoin (or other crypto currency) there is no mainstream future for it. On the contrary, I believe that the US Government has already made it clear what it thinks of Bitcoin.