re: Bitcoin buzz stays high --- even after bubble

I wonder how long before someone tries to live on Amazon coins for one week? Think they will be more successful than the experiment using Bitcoins?

I'm starting to notice a small but consistent moving of the goalposts in what would constitute "success" in the minds of the pro bitcoin group.

I remember reading some of the earlier threads from just a month or two ago where it was defined as basically replacing tangible currency.

Then it kind of morphed into an IMHO more realistic but still improbable vision where it co-existed with tangible currency.

Now, "success" is being conferred now that there is a probability that cryptocurrencies will be used by some places as a virtual form of the old Disney Dollars that were popular at the Disney resorts in the 80's and early 90's.

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Although I see no point unless I was buying apps or movies or something

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Or, Kindle books. And I have a Kindle.

The Amazon Coin offer is like buying an Amazon gift card but at a 10% discount. Amazon gets the money up front and if, for whatever reason the customer never uses the coins, it's pure profit for Amazon.

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I'm starting to notice a small but consistent moving of the goalposts in what would constitute "success" in the minds of the pro bitcoin group.

I remember reading some of the earlier threads from just a month or two ago where it was defined as basically replacing tangible currency.

Then it kind of morphed into an IMHO more realistic but still improbable vision where it co-existed with tangible currency.

Now, "success" is being conferred now that there is a probability that cryptocurrencies will be used by some places as a virtual form of the old Disney Dollars that were popular at the Disney resorts in the 80's and early 90's.

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I don't know where you got that idea other than it being pulled straight from your arse.

Actually, in the past, I've asked some of the bitcoin haters to define what they would consider a success for bitcoin. I don't think any of them have gone on record. When I got Lsut81 to state a concrete prediction on bitcoins price ceiling (which it quickly broke through), I was called an a-hole for picking on Lsut. But I give Lsut props for that because at least he stuck his neck out.

Anyway, here's my definition of success for bitcoin:

CONCRETE:
$1,000 or greater value per BTC for over 1 year
or
1% of global economy


ABSTRACT:
Ushers in a new age of decentralized currency (does not have to be bitcoin, could be a subsequent cryptocurrency)
or
Effectively marginalizes government fiat currencies



The concrete points will be easy to determine if they have been met. The abstract points will likely always be the subject of debate.



What are your standards for considering bitcoin a success?







Also, put another way: Was the original Napster a success? After all, it was short lived and it did get shut down by governments. But it was disruptive enough to change an entire industry and it led to subsequent protocols, like BitTorrent, that have now been in use for over a decade and which governments haven't been able to shut down.

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when Vols, Russian, Poodle, or Broke buy bitcoins, or buy something in bitcoins

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hey, it could happen

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You don't think so?

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I would ask him to make a concrete prediction, but he's too much of a pussy to do that.

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What would you like me to predict Wiki?

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Price of a single bitcoin in USD:
1 year from today
3 years from today
6 years from today

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I won't make a prediction as to the price of a bitcoin 1 day from now, let alone 6 years from today.

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when will bitcoins be worth nothing, or essentially nothing?