AlexGR
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November 12, 2015, 05:46:29 PM

So what you're telling me is "it's not happening, but that's actually a good thing, because it could"?

You are confusing the "it's happening on a trivial scale" with "it's happening on a non-trivial scale".

Messaging software, like ICQ, back in 1996 had trivial use. A few hundred thousand people were using it. A "skeptic" could say back then 'oh, so if it's not used by the whole population it must be a failure".

....Or they could be more reasonable and say "look, this is something new, most people don't know about it, but as they do and they learn what it does and how it can make their communication better, they will start to adopt it and it's just a matter of time before the user base expands significantly".

Today messaging software of all types is used by billions of people. It has attained large scale adoption.

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Right now, bitcoin is treated as a purely speculative commodity, think glorified poker chips.

It's up to each individual investor to understand why they are holding it and whether it has any potential or not. But if it had already realized its potential we wouldn't be here price-wise. Nor there would be any debate on scaling, etc.

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You don't quite get what gives gold its value, and since you also don't get what gives bitcoin its value, you assume that the two are interchangeable, am I right?

It is safe to assume 99.999%+ of the people do not know what gives gold its value (and I don't mean the obvious market demand = price). They think they do, but they don't. However to really understand the value of gold you must also understand the nature of the reality we are in. And that's something that is more scientific, esoteric - even metaphysical.