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I don't base it off price, I base it off adaption and public interest of which outside of new merchants there has been no indication of any growth(and I'm pret

I don't base it off price, I base it off adaption and public interest of which outside of new merchants there has been no indication of any growth(and I'm pretty sure if you started subtracting merchants who no longer take it or who don't have their staff trained on it it would be shrinking as well). Bitpay has shown now growth in processing numbers($1m/per day) for almost all of 2014. Transaction volume is a ridiculously bad metric to judge growth. You want to prove growth get coinbase and blockchain.info to release MAU figures. They won't of course for obvious reasons. >One cloud mining service (CEX.io) has suspened cloud mining operations. HASH profit, PETAmine, Hashie, Coins-miner are the first few I found after a quick look for more names for you. Also Cointerra for mining equipment. >As for exchanges shutting to pursue other more profitable ventures, this is 1 exchange (Vault of Satoshi) not a huge exchange by anyones metrics. You said exchanges (plural) which others? The other company I was thinking of was Delta Financial. Not an exchange. >The general public may have, investors and people that understand tech have not responded in that way at all. Except they have. Look outside of bitcoin forums for the general feelings towards bitcoin some time. It is almost universally negative especially in tech and finance circles. ?If you asked the general public about the internet in 1990 they would have said meh!, those same people now bank online, shop online and communicate online. Do they care about the internet? No, but at the same time could they bare to be parted from facebook? Luckily though we have the internet now which has accelerated the spread of new ideas and products on it. We're not dealing with a pre-internet world anymore so comparing them is silly. >Bitcoin will become widely used and adopted, whether consumers know they are using it or not is another matter. If consumers don't know they are using it then there is no reason for it to be used. You think banks can't speed up their transfers to be instant if there is any pressure without using bitcoin?

celticninja 12y ago
Luckily though we have the internet now which has accelerated the spread of new ideas and products on it. We're not dealing with a pre-internet world anymore so comparing them is silly. I think you don't understand. People had no need of the Internet until applications such as online banking, online shopping etc were available to them. They didn't come pre installed on the Internet and whilst they wrre being developed most Internet users were people who got involved with it because it was cool new technology. Your mum and dad only got it when it had already become a mature technology.
- sanswork 12y ago
  I don't think you understand. Before the internet ideas took longer to spread as it was more difficult to disseminate information to people. Now it is incredibly easy which is why new technologies and services have increased adoption rates. Bitcoin doesn't have that because most people don't care about what it does better and do care about what it does worse. 6 years into the experiment including an entire year regularly in the news and still almost no one cares and the userbase appears to have actually shrunk this year from an estimated peak of ~1-2m to an estimated 500k. And even that 500k is considered generous. >Your mum and dad only got it when it had already become a mature technology. I appreciate your condescending tone and trying to imply that I'm a child. But I've been on the internet and programming since 95 and while far from the earliest user I was a lot closer to them than most people. I'm well aware of days when online banking wasn't a common thing. And the fact that the idea of it and online shopping didn't spread fast because we were largely in the pre-internet(it existed but had limited adoption) world then.
  - celticninja 12y ago
    i didnt mean to be condescending, i merely meant the older generation such as my parents or grandparents.

celticninja 12y ago

Luckily though we have the internet now which has accelerated the spread of new ideas and products on it. We're not dealing with a pre-internet world anymore so comparing them is silly. I think you don't understand. People had no need of the Internet until applications such as online banking, online shopping etc were available to them. They didn't come pre installed on the Internet and whilst they wrre being developed most Internet users were people who got involved with it because it was cool new technology. Your mum and dad only got it when it had already become a mature technology.

sanswork 12y ago
I don't think you understand. Before the internet ideas took longer to spread as it was more difficult to disseminate information to people. Now it is incredibly easy which is why new technologies and services have increased adoption rates. Bitcoin doesn't have that because most people don't care about what it does better and do care about what it does worse. 6 years into the experiment including an entire year regularly in the news and still almost no one cares and the userbase appears to have actually shrunk this year from an estimated peak of ~1-2m to an estimated 500k. And even that 500k is considered generous. >Your mum and dad only got it when it had already become a mature technology. I appreciate your condescending tone and trying to imply that I'm a child. But I've been on the internet and programming since 95 and while far from the earliest user I was a lot closer to them than most people. I'm well aware of days when online banking wasn't a common thing. And the fact that the idea of it and online shopping didn't spread fast because we were largely in the pre-internet(it existed but had limited adoption) world then.
- celticninja 12y ago
  i didnt mean to be condescending, i merely meant the older generation such as my parents or grandparents.