smiley123
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March 25, 2014, 07:09:44 PM

I think that we are really starting to see adoption on a grand scale.   Obviously we have a long ways to go, but I don't think the price yet reflects this last large wave of companies starting to accept bitcoin.   Everyday you jump on the internet, you see a new company starting to accept bitcoin.   It is simple logic that as more companies accept it, the more people will need bitcoin.   

The problem we're having in reality is that we're working on a bottom up approach where consumers have the desire to spend BTC, but companies need to accept it.  Then those companies just turn it into fiat, rather then being able to use it to buy things like power, food, materials, etc.  There needs to be some startups that accept BTC and use BTC to pay for their needs as well.  If only we could get some power companies to accept it as payment, then have those companies pay their employees with it and buy upgrades and such.  Silly economic workings...

Ya, there's kind of a which came first, the chicken or the egg.  To get more adoption we need the price to go up, but for the price to go up we need more adoption.