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RE: "We decided to move on to superior technology"
I have a feeling Bitcoin may simply become the store of value coin. So many other coins outperform Bitcoin in many ways, but Bitcoin still has the strongest long term holders of any coin which brings the strongest price support.
Looking forward to seeing what happens after August 1st, God willing.
I tend to agree with you as regards to bitcoin becoming a store of value mostly because of its use as a means of exchange between different currencies. The tech and ideological foundations of it will be emulated and adapted in almost any industry you can think of without requiring any kind of token or currency behind it.
You worded it perfectly "...a means of exchange between different currencies"
Considering the impact of the internet on world finance, why wouldn't bitcoin (the internets money) become a premier store of value? As long as it remains reliable, it will continue to grow.
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When you say reliable are you referring to the tech behind it (the blockchain) and a somewhat general consensus on the way to go from here or the fact it will have only a predefined limit of supply? So far its reliability is based on the tech and the support of the mostly tech savvy community who see its potential implications and disruptive capabilities. Do you think its price volatility is what is stopping it going more mainstream as well as the currently limited real world uses as far as using it for everyday purchases when things such as tap-and-go are already well established ?
I meant reliable in the fact that it has been up and running uniterupted 24/7 for over 8 years.
Mainstream adoption will take time. The price volatility works both for and against it. I think we will see more and more "real" use cases (there are enough already, trading it alone is a use case) in the near future.