Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: yousufatik on November 30, 2018, 10:37:12 AM
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I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.
I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.
I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.
How do you measure the success of BTC?
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Primary areas of concern for me would be adoption and the amount of places you can use bitcoin, and if those were fulfilled, I can say that bitcoin has become successful. Price is only good for speculation, but without a solid foundation backing everything up, it wouldn't last long and will crumble everytime someone profits big. It should also stick to its ideals of decentralization and giving people the power to be their own bank. It should also be of political influence so as not to demonize the system and be a hub of control and greed.
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I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.
I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.
I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.
How do you measure the success of BTC?
For me is all about price, i wanna btc for 20000$ and more again. I and don't care about everything else.
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I mostly agree with the opinion of OP as I believe that this success for Bitcoin should be associated with the vision of Satoshi to utilise Bitcoin as a payment system and it should be adopted across the globe enabling people to transact using blockchain technology without high cost or time. It doesn't make any sense to artificially manipulate the price and seeking the attention of outsiders but on the other hand, there is a satisfaction in the growth of user base resulting in the scalability of it
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I'm with Bitcoin since 2013 and I can say that in five years Bitcoin has achieved huge success. When I compare the value, number of users, acceptance and attitude of people toward Bitcoin back then and now it's clearly visible how things have changed for the better.
I have to say that the price is not the only thing that can be used to estimate the success of Bitcoin so you shouldn't judge it according to the current price level.
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IMO, those you have mentioned are what we are using as measurement of bitcoin's success. But we can't also settle its price because that tells on how mass its adoption going. Due to the level of adoption, it will create a higher demand that will turn its price higher.
Bitcoin as a currency is also going to its success, adoption is coming to it and we can't ignore that there's a wide range of its usage now. And bitcoin as a store of value, what's the problem of it if people are determining their bitcoins as store of value? it's gold for most so I don't see any reason for it to be hated
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The measurements of bitcoin success could be through the meaningful uses and achievements. No matter how good and potential bitcoin is if there's no good return to community, country, and citizens bitcoin is just a dream or possible great illusion ever. Nowadays we can see bitcoin as one of the main source of couragement and discouragement through pump and dump scenarios.
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In my view, Bitcoin is a success if the whole world has used bitcoin or ALTcoin in everyday life. If the price of bitcoin rises for me it's only a bonus because bitcoin is a lot of interest.