It's interesting to see bitcoins going mainstream. I wonder if it'll take off, or if regulations will scare the layman away. It's a cool concept, either way.
It really isn't going "mainstream" any time in the foreseeable future. More often than not companies announcing that they accept Bitcoin only get one or two token purchases through it, so other than the free advertising, there's not much in it for them to start using the unwieldy beast.
It's unfortunate that their community is based around squabbling on bitcointalk.org rather than creating truly great, usable software and services.
I think you're wrong. A lot of very smart people in the Bitcoin community are working on some really clever ideas. Zerocoin, colored coins implementations, stock exchanges, distribution of shares to name a few. A friend of mine, for example, is working on a wallet that would allow people to create contracts without trust or a third party: http://blog.oleganza.com/post/58240549599/contracts-without-...
Much agreement on smart people doing clever things.
In 5-10 years, Bitcoin (or similar systems) will end up being adopted by enough individuals and businesses that critical mass of usage will be achieved and digital currencies will no longer seem novel or strange. We saw the same dynamic at play with the internet itself not that long ago and here we are already seriously considering the effects of the first viable digital currency.
Sidenote: A gentle reminder to folks to back up the efforts of indie Bitcoin developers with whatever can be spared.
That's an exception rather than the rule. I concede in that your friend is developing something very worthwhile, it's just that the rest of the community generally isn't.
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[ 4.9 ms ] story [ 37.8 ms ] threadIt's unfortunate that their community is based around squabbling on bitcointalk.org rather than creating truly great, usable software and services.
In 5-10 years, Bitcoin (or similar systems) will end up being adopted by enough individuals and businesses that critical mass of usage will be achieved and digital currencies will no longer seem novel or strange. We saw the same dynamic at play with the internet itself not that long ago and here we are already seriously considering the effects of the first viable digital currency.
Sidenote: A gentle reminder to folks to back up the efforts of indie Bitcoin developers with whatever can be spared.
Who'd start a incubator otherwise? http://coinlab.com/
@snitko Nice work! :)
You'd like to organize a conference for professional cheescake eaters
cheescake -> cheesecake