3 ms·

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.

by msvan 13y ago

nwh 13y ago
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.
- snitko 13y ago
  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-trust-or-third-parties http://blog.oleganza.com/post/58240549599/contracts-without-...
  - ferdo 13y ago
    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.
  - nwh 13y ago
    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.
- ankit_oberoi 13y ago
  Some people definitely see a bright future. Who'd start a incubator otherwise? http://coinlab.com/ http://coinlab.com/ @snitko Nice work! :)

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.

by msvan 13y ago

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.

nwh 13y ago

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.

snitko 13y ago
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-trust-or-third-parties http://blog.oleganza.com/post/58240549599/contracts-without-...
- ferdo 13y ago
  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.
- nwh 13y ago
  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.
ankit_oberoi 13y ago
Some people definitely see a bright future. Who'd start a incubator otherwise? http://coinlab.com/ http://coinlab.com/ @snitko Nice work! :)