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bitcoin will probably never represent a significant proportion of human wealth. However, it will probably remain useful for the next five to ten years as a cryp
by scythe 15y ago
bitcoin will probably never represent a significant proportion of human wealth. However, it will probably remain useful for the next five to ten years as a cryptographically strong way to pay for things outside of government influences. Silk Road is a pretty cool case in point.
It will probably be replaced organically by a more useful form of cryptographic currency -- perhaps something that uses bcrypt or a similar Moore's Law-resistant hashing algorithm -- before serious deflation or broken hashes really start to come into play.