Silk Road forums

Discussion => Off topic => Topic started by: BenCousins on June 21, 2012, 12:13 pm

Title: The future of Bitcoin
Post by: BenCousins on June 21, 2012, 12:13 pm
So what does everyone think the future holds for the Bitcoin?
Title: Re: The future of Bitcoin
Post by: trava on June 21, 2012, 01:01 pm
as big brother grows bitcoin will get more popular, as the fiat currencies start to get devalued and subsequently fail, with time more people will move over to btc

over the next decade btc will grow hugely in popularity

that is my personal opinion
Title: Re: The future of Bitcoin
Post by: jameslink2 on June 21, 2012, 01:32 pm
I agree, it will grow. My only concern is that I read that BTC has a top limit of 21million coins. After that there are no more. That is a good thing in that it creates a scarcity but 21million coins is a very small market cap and could lead to needing to break coins down to 8 or 10 decimal places.

Can you see the pricing listings as 0.00000010 BTC?
Title: Re: The future of Bitcoin
Post by: trava on June 21, 2012, 01:46 pm
I agree, it will grow. My only concern is that I read that BTC has a top limit of 21million coins. After that there are no more. That is a good thing in that it creates a scarcity but 21million coins is a very small market cap and could lead to needing to break coins down to 8 or 10 decimal places.

Can you see the pricing listings as 0.00000010 BTC?

its possible to buy/sell things for 0.00000010 BTC

while it be impossible to devalue and inflate btc because u cant create more of it unlike "real" money which banks and governments print daily and that eventually WILL kill any currency

you need a cap otherwise a currency becomes worthless
Title: Re: The future of Bitcoin
Post by: Raoul Duke on June 21, 2012, 01:49 pm
the rate they are going up no fuckers going to be able to afford them soon... ;D
Title: Re: The future of Bitcoin
Post by: febbraio2468 on June 21, 2012, 01:50 pm
I was just reading somewhere that Bitcoin is only one third of the way to the market cap, shit won't hit the fan until the last third.
Title: Re: The future of Bitcoin
Post by: jameslink2 on June 21, 2012, 01:56 pm
I was just reading somewhere that Bitcoin is only one third of the way to the market cap, shit won't hit the fan until the last third.


Ill agree, however that would indicate that it is advantageous to hold on to full bitcoins as an investment. The future looks bright.