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Well, I'm ready to declare that cryptocurrencies are here to stay, even if BTC itself loses. In that sense it is already pretty huge to me. For some other defi
by 27182818284 13y ago
Well, I'm ready to declare that cryptocurrencies are here to stay, even if BTC itself loses. In that sense it is already pretty huge to me.
For some other definition of HUGE, the first thing that comes to mind would be any top 20 GDP government accepting it as a way to pay taxes. Switzerland is #20, so if they started accepting it, that'd be a HUGE deal, and doesn't seem nearly as unrealistic as, say, Mexico accepting it.
- markhall 13y agoDo you think another cryptocurrency can come in and surpass BTC at this point? If so, how can the concept of cyrptocurrency be big if alternative options of the same core concept exist (relative to consumer adoption)?
- 27182818284 13y agoYes, because it is such an unproven area there is a lot of room for changes. For example something Litecoin is working on is verifying Litecoin nodes with as little as 200-300MB of disk storage. Now that's just an example, but I could see stuff like that making a currency in the future based on BTC more popular than BTC itself is all. The arena is too new I think for me or anyone else to say BTC is going to be it.
- PeterisP 13y agoWhy would any top 20 (or even bottom 20) government accept it as a way to pay taxes, ever? I mean, none of them[1] consider gold or US dollars as valid payment for taxes, either. [1] Barring some small states who in essence don't have their own currencies and use USD, they do accept USD in taxes. But not any random 'solid' currency.