*This is a personal perspective piece on bitcoin. All who read it are invited to comment and/or challenge the thoughts posted here.
Bitcoin has come a long way since it began in 2009. Now accepted by global companies such as Yahoo and Windows, and by charities such as Greenpeace, it continues to make a name for itself in the digital universe, and blockchain security is often considered some of the best by bitcoin enthusiasts.
There are those, however, that still question whether bitcoin really has a place in the financial world. Governments continue to wonder if bitcoin is even a currency, and debacles such as Mt. Gox and the recent Bitstamp hacking often put a damper on bitcoin’s reputation. Events such as these put users on edge, and worse, make bitcoin doubters doubt even more.
But these kinds of attacks and negative points do little to diminish the intentions behind the currency itself. Bitcoin has done lots to aid the unbanked populations of various countries; populations who simply do not possess the credit or financial means to remain afloat with the rest of the world.
Bitcoin aims to financially link countries together, and thus one can look at the situation in a positive light and realize that nothing is merely black and white. Like all things in an early stage (and many do consider bitcoin to still be in an infantile state), there are kinks to be worked out. Some are small, and some are large, but no matter what the odds may be, things with good intent and will power are destined to survive, and despite all its blunders, bitcoin has continued its rate of survival, and its popularity still grows.
Does bitcoin have a large future ahead? Post your comments and let us know.
Mark G 
kendreik 
Renioctib 
Oxymoronny 
mary p 
votingmachine 
Timid Tom 
Yea it does! I’ve been a bitcoin carrying wallet user for now 13 months. Over 100 purchases, from a cup of coffee to hotel rooms. My personal opinion, it is here to stay, benefit many, and flourish !!
Bitcoin soon will drop to $1. from $650 to $1..Its not real money.. It is tolerated for a while so that stupid millionaires will loose their money fast.. and then will be many more coins, .comcoin ,bitcoins tripcoins…You cant replace the dollar..Americans are making wars around the world killing millions of people just to spread the dollar and reap the rewards..To be rich you need to have real cash ,a lot of it..bitcoin will die soon.
“You cant replace the dollar..Americans are making wars..” No-one wants to replace the dollar. It can, will and is, falling all by itself. Bitcoin doesn’t care about the fiat, euro, pluro and milky way paper notes based on faulty notions, and getting rich.. is only your and some speculators perspectives on it. Rich, comes from inside yourself kendreik. To be truly rich, you need an imagination.
ok sell your bitcoins and give me the cash and i will give you my imagination..you will be illuminated
Imagine that you were speaking with a philanthropist and she offered you a cold wallet with an undisclosed amount of Bitcoin in it. Do you have the imagination to say yes?
yes, hit me …kendreik
hope u r getting better in neck recovery..good movie about broken back to watch – Bruce Lee.. i am glad that you are woman philantropist.. i am starving artist with big poor family and i am willing to show you my art .. maybe sell .. for bitcoin…you can write on kendreik i am sure that you will like how i am saving the world in my short novel and animated movie..
Thank you for your kind neck recovery and broken back thoughts. I imagine then that your wonderful Bitcoin art is available to view on one of the many Bitcoin seller sites…
And to think that only a few short posts ago you had this to say “Bitcoin soon will drop to $1. from $650 to $1..Its not real money.. It is tolerated for a while..” and now you share with me this “maybe sell .. for bitcoin”
Luckily for you I love art, short stories and animation. I imagine that you will forward the arts destination to me as soon as you can so that I might feel more philanthropistically towards you dear Kendreik.
well , i am creating new improved world that is based in real science , that will create faster and cheaper space travel for all.. i been cosmopolitan all my life and i am 40 now in canada…. but really i havent displayed all yet as i am creating project on kikstarter and you can be much helpful to donate there.. but i am not saving the world , our environment and future for money.. Its because i am altruist inside.. but we all starving painters and writer need money to start and finish a project.. and i would be happy to hire digital animator and book editor if i can and they will feed their families too..but at moment is all at stop.. bitcoin is great thing and my comments before were off the cuff.. i hope it succeeds, as i read it was banned in many countries..
“bitcoin is great thing and my comments before were off the cuff.. i hope it succeeds, as i read it was banned in many countries..” Thank you, yes, Bitcoin is an amazing system. For the people by the people. But don’t worry, no-one can ban it. They pretend to try sometimes and frighten people away from it, but the world needs it and it won’t be stopped now. Thanks for sharing.
i like to talk to people and know them better..usually there are many trolls online ,and i thank u for responding and call me dear kendreik.. it is small polite things in life that matter.. my favorite book is count of monte cristo and i love how people in france were so polite in their conversations then.. well some people .. so hope to hear more from you Reni..
I will contact you via private email soon Kendreik. I have read your fabulous stories and watched your beautiful video and anyone who says “well , i am creating new improved world that is based in real science, that will create faster and cheaper space travel for all.” is just fine by me. Did you know that Bitcoin is industrial science at its finest? Thank you for your lovely messages.
excellent, i am glad u like it : fabulous stories and beautiful videos- these words not everyone can afford to share.. it gives me strength to continue with my art..thanks
If it will succeed, we will see. More and more merchants and users adopt, the daily transactions are on a all-time high. We see better security built in online services and client apps, massive fundings of startups all over the world. This are clear signs that bitcoin the technology matures. Don’t care about the price of Bitcoin the Currency. Many looking at a too short time frame. This is a brandnew technology, give it time and don’t invest when you don’t understand it.
Who wants cash whose value fluctuates on volume held, and when” purchased”. This is a hoola hoop phenomenon….cherished by youngsters bent upon dancing in the spotlight momentarily. They wear out soon from all the spinning around an unstable value!
“no matter what the odds may be,
things with good intent and will power are destined to survive”
That is a a somewhat panglossian position. Survival does not generally depend on good intentions. And to be clear, good intentions is clearly an assumption. Some popular quotes about good intentions:
“Most of the evil in this world is done by people with good intentions.”
TS Eliot
“Hell is paved with good intentions.”
Samuel Johnson
“God save us from people who mean well.”
Sikram Veth
“The evil that is in the world comes out of ignorance, and good
intentions may do as much harm as malevolence, if they lack
understanding.” Albert Camus
I don’t think bitcoin has a future. It has LARGE technical challenges. It has trust problems that are real. It offers no real transactional advantage.
Its legacy will be a warning that adopting a trendy thing advocated by anonymous programmers is a quick way to lose money to anonymous programmers. I find it funny that Satoshi Nakamoto mined the first block of 50 bitcoins, and then no longer announced his mining. Those early miners plucked milions of bitcoins out of the air, and convinced a gullible market to exchange them for hard cash. Bitcoin advocates like Gavin Andreeson readily acknowledge they have mined thousands of bitcoins and are selling them to buy hard assets. The final state of bitcoin will be a valueless claim against an abandoned blockchain ledger, a claim of ownership of nothing, with equal market value.
I guess I am willing to grant that Gavin Andreeson and some of the other bitcoin advocates do have SOME good intentions.
“Bitcoin aims to financially link countries together” Link countries together. Now there’s a beautiful statement if ever I heard one. A great step towards global peace.
“kinks to be worked out” And the brilliant awareness that it can be done. Workable protocols with the entire system in agreement. By golly now there’s an idea!
“and despite all its blunders” Bitcoin has not blundered since conception. Some users have blundered, some start-ups have blundered, some media have blundered, alt-coins have blundered and also some exchanges. These all have one thing in common, though it’s not Bitcoin, but human error.
“Does bitcoin have a large future ahead?” If you can tell me of another global enigma that has impacted lives and the potentiality of global trade to the extent that Bitcoin already has in just six short years?
It appears to me that PayPal may have done more to bring the world together than bitcoin, or any of the other altcoins. As an onlooker, I see several basic problems that need to be overcome before crypto-currencies are mainstream. CCs are too technical for many casual internet users and too scary to invest in, let alone use. With PayPal/eBay, I can make purchases all over the world with no fear of a standing balance losing $ value. And what happens if I lose my wallet password/account number or the internet goes down, or I’m hacked. Anonymity was a plus, but with more and more government interference even that’s fading. Throw in rollercoaster volatility, and I’m staying on the sideline.