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There is obviously very strong demand for a method of exchanging value on the internet, or a very poor product such as Bitcoin would never have got this far. Our pre-internet tools for value exchange do not work well enough, the market is looking for a solution.
However any new product / system / solution needs to have the fundamentals in place to be successful in the long term. Bitcoin currently does not.
a) Make it easy to obtain.
b) Make it easy to understand.
c) Make it safe and easy to store.
d) Make it safe to spend, lose the criminal/drug/CP image.
e) Make it risk free.
f) Regulate it.
The silent majority have no interest in putting their wealth into an vehicle that is inherently dangerous to be involved with and carries any risk whatsoever. What we have now is a vehicle for speculators, not a solution to the problem of transferring value in the modern world.
So the question is will Bitcoin evolve the characteristics that are essential for it to become the mainstream de-facto internet currency, or will something else come along that satisfies the demand without the inherent drawbacks of all of the current coins ?
My money is on Bitcoin being a warm glow in the history of the internet by 2019, just like porn paysites and affiliates, Google money anyone ?
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“We’re all pretending we’ve got a lot to show for it, because admitting what a disaster it’s been is too tough to digest. But come on. There isn’t really an upside to Trump.”
Tucker Carlson.
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