Our mission is to become the go-to platform for all existing cryptocurrency users and the main gateway for the new adopters. We believe that cryptocurrencies will eventually become mainstream currencies, and Coinyspace will be at the centre of the action!
If Bitcoin would go so mainstream that Fiat starts to hyperinflate, how will we value bitcoin?
So imagine a future, lets say 2035 with bitcoin starting to break the previous top of one million usd. For whatever reason, people have started to buy and use bitcoin en masse; Bitcoin goes to Mars while fiat starts to tumble down in the inferno it came from. How will we be able to vaule anything during that transition and afterwards? How will people know what a reasonable price in BTC would be for something? I understand most of you don't think bitcoin is here to replace fiat (I'm still not sure about it), but I'm having a hard time understanding how we will be able to put a value on products and services.
I believe Thomas Jefferson said roughly that mankind is disposed to suffering while evils are sufferable. I think this describes our world in relation to the current financial system. Yep current system works but it’s burdensome, heavy, and doesn’t work to maximize humanity. Credit cards add arguably too much extra weight on businesses as well. I think that coming soon we’ll experience an economic meltdown down like never before. I think that an economic crisis that rattled the government and the people in the US and thus world wide is what it will take for (sadly) complacent people’s to say we need something different so this xywhatever-issue doesn’t happen again. It sometimes takes a breaking point for things to, well, break and then when people want to fix it bitcoin can be there.
Bitcoin is not ready to go mainstream. High fees and slow transactions. The masses are coming but we are not ready. Although the price approaching 10k is nice, I'm fearful that the new users will be turned off by the scalability issues. We need lightning now!
Services like Circle will make Bitcoin go mainstream.
I been using Circle for over 2 months now and love it. Cheaper, simpler than Coinbase. Once they link the bank account globally its game over. The adoption rate will excel like we have never seen. The reason Bitcoin lacks massive adoption is that if your not a nerdy computeecon person you're not going to understand how to use it. Circle cuts the clutter out and makes it easy to understand for everyone. If their is a hack - no worries you get you money back unlike Mt. GOX that set in industry back 1 year IMO.
Bitcoin’s mainstream use, the next chapter in the history of money, will potentially create new opportunities for investors regarding start-ups developing related products and services as they grow, go public and merge. Moreover, these opportunities will enable individuals to invest in Bitcoin itself, as a currency. We go mainstream when bitcoin stops being a community and starts being a necessity. 🌚 — Square Crypto (@sqcrypto) July 22, 2019 Indeed, in order for Bitcoin to see true mass adoption, people must need to use it. Commentary: Cryptocurrency and digital money like Bitcoin are poised to go mainstream in 2020 due to a confluence of factors. Bitcoin About To Go Mainstream? Don’t Miss Out! By Wayne Mulligan, on Thursday, June 15, 2017 Imagine if you’d invested in New York City real estate 100 years ago… Or if you’d bought shares in Apple or Amazon the day they went public… You’d be worth literally tens of millions of dollars today. Opportunities like this don’t come along often… But the sad truth is, most individual ... Will Bitcoin Ever Truly Go Mainstream? Though most crypto advocates want to see Bitcoin succeed, mainstream recognition can arguably defeat Bitcoin's original purpose. Bitcoin was designed to provide an alternative to traditional banking and finance, free from any top-down control. Unfortunately, companies and banks that adopt Bitcoin can exercise control over their customers' cryptocurrency ...
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