Is BitCoin the currency of the future?

[Micah71381]

@filc

Yes I am trying to understand you just. At this point it seems like your trying to state that BTC’s were at some point traded for direct exchange. Whats odd about the argument is, unless I am mistaken, the whole purpose for creating bitcoins in the first place was for indirect exchange. What purpose does it serve in direct exchange? Who ever traded BTC’s for consumption? Can you consume a BTC?

I know it’s dissmissive of me but I write such arguments off as being silly. BTC’s were always intended as a mediumf of exchange. Direct exchange would imply that they had some other purpose, they do not. So again, sorry to be dissmissive, but I write the argument off as extremely unthoughtful.

Are you suggesting that items can only be consumed in their designed way? That it is impossible for someone to consume an item in a way other than what it was designed for? I can say that this is untrue because I have used items and seen items used for purposes other than their design in the past. A chair as a ladder. A phone book as a booster seat. A cardboard box as a fort.

• Premise: BitCoins can be used for purposes other than their designed purpose (see paragraph above).
• Premise: BitCoins must be used for a non-exchange purpose before they can be used for indirect exchange.
• Premise: BitCoins are currently used for indirect exchange purposes (as seen in the “hobbyist market”).
• Conclusion: Someone must have consumed BitCoins for a non-exchange purpose.

@filc

Then as I said before, your talking past me as you and I are not discussing about the same things. The issue I raised, and I repeat, was that it will not become a generally accepted(Widely adopted) medium of exchange. See link.

See my response to your link here: https://forum.freecapitalists.org/t/is-bitcoin-the-currency-of-the-future/7363/329

@filc

Your the one that chose to engage me on topic. If your one of these people who allegedly, “Are not arguing that BTC’s will become widely adopted” then why are you addressing me at all?

Because you are trying to claim that BitCoins cannot become widely accepted. I believe this statement is not true. I believe that BitCoins can become widely accepted. I am not claiming that BitCoins will become widely accepted. I am not making any claims for any level of probability of success. Only that it’s possible.

I believe I backed up my point in the link above, particularly the two tables. One table shows a potential route to wide acceptance while the other table shows a potential route to non wide acceptance. Both are possible outcomes unless you know the minds of every human on the planet (or at least the majority of them). Since I do not believe you can predict the action of a significant number of humans I therefore do not believe you can predict the failure of BitCoins.