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RE: Bitcoin and Crypto Currency are a New More Efficient Ecosystem.
Now why the exception for bitcoin in the last paragraph? It's already proving unable to adapt to the pace of technology. I'm by far no techie, but from an economics point of view bitcoin is like nokia: King of the hill.
And then: smartphones.
But Nokia still isn't dead. In fact business is improving , they're making deals with Apple and even their old 32xx models are rather popular in African countries.
Sure, they're gonna disapear at some point, but we don't know when.
The brand still exists sure. But after selling it to Microsoft, then getting it back because Microsoft only wasted money on the attempt and wanted to get rid of it, is Nokia really the brand it once was? Does the brand value even compare to what it was in 2006?
No, sure not. But once again, they're not entirely gone. They still have customers and they still serve a market share, even in the aftermarket with their old products.
Nevertheless, I'm not saying Bitcoin will sruvive. But if developement picks up just slightly, it certainly could do so even in a market of many other currencies.
I never meant to say bitcoin would die, that's why I picked Nokia instead of Kodak, which was my initial thought.
I'm just saying that if bitcoin doesn't solve it's problems - the likelyhood of which is completely unknown as it is a human problem, not a technical one - btc might move to $100 instead of $10,000.
Or everything is solved and it hits $10,000 by december. But that is simply not the impression I get.
Then we have the same impression so far.
Distribution and accessibility.
Gateway platforms like #LocalBitcoins only offer #Bitcoins and that will keep this Nokia useful until widespread direct access to other tokens is made available.