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"Was meant to be" amounts to your own view. The software isn't even called 1.0 yet, and the core developers all say the important applications are a couple of y

by xorcist 12y ago

"Was meant to be" amounts to your own view. The software isn't even called 1.0 yet, and the core developers all say the important applications are a couple of years away. Yes, Bitcoin was probably hurt by the mania surrounding $1000. Had it gone to $180 from $30, without the spike, there would be calls of tulip mania instead. Is it too early to build applications on top of Bitcoin? No, I don't think so, some wants to be in early. But to call "the year of" on what amounts to beta software and VC backed startups is a bit much.

sanswork 12y ago
"Was meant to be" based on the claims of all the leading people in the bitcoin world outside of Gavin. Barry Silbert has been telling everyone about how Wall st was coming in 3 months since Nov 2013. Go back to January 2013 posts on /r/bitcoin to get a feel for what people expected of the year. With the exception of more merchant acceptance it has failed all those expectations. No one cares what version the software is and that you would think anyone does is one of the problems with the Bitcoin community. Bitcoin had its chance to impress the general public and get them on board when it had all its media attention this past year and it failed.
quonn 12y ago
It's not beta software, it has been running for years and not much has changed. It has constantly lost value/trust for one year now. I can't think of a piece of software that is clearly _losing_ momentum (especially if it's beta) and then, magically, after 1.0 things turn around.
- tlrobinson 12y ago
  Price is probably not the right metric to gauge "momentum".
bdcravens 12y ago
The software isn't even called 1.0 yet Neither is node.js, yet tons of successful startups run on it. For years, Gmail was still "beta". If it had a major security leak, "it's beta" would mean little. It would still qualify as a failure.
- easytiger 12y ago
  > Neither is node.js, yet tons of successful startups run on it. It will get them off the ground. Then they will need to start rewriting a backend pipeline in something fast and predictable.
roel_v 12y ago
I'm hearing echos of 'x will be the year of Linux on the desktop' in these discussions...

by xorcist 12y ago

sanswork 12y ago

"Was meant to be" based on the claims of all the leading people in the bitcoin world outside of Gavin. Barry Silbert has been telling everyone about how Wall st was coming in 3 months since Nov 2013. Go back to January 2013 posts on /r/bitcoin to get a feel for what people expected of the year. With the exception of more merchant acceptance it has failed all those expectations. No one cares what version the software is and that you would think anyone does is one of the problems with the Bitcoin community. Bitcoin had its chance to impress the general public and get them on board when it had all its media attention this past year and it failed.

quonn 12y ago

It's not beta software, it has been running for years and not much has changed. It has constantly lost value/trust for one year now. I can't think of a piece of software that is clearly _losing_ momentum (especially if it's beta) and then, magically, after 1.0 things turn around.

tlrobinson 12y ago
Price is probably not the right metric to gauge "momentum".

bdcravens 12y ago

The software isn't even called 1.0 yet Neither is node.js, yet tons of successful startups run on it. For years, Gmail was still "beta". If it had a major security leak, "it's beta" would mean little. It would still qualify as a failure.

easytiger 12y ago
> Neither is node.js, yet tons of successful startups run on it. It will get them off the ground. Then they will need to start rewriting a backend pipeline in something fast and predictable.

roel_v 12y ago

I'm hearing echos of 'x will be the year of Linux on the desktop' in these discussions...