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RE: "We decided to move on to superior technology"
You worded it perfectly "...a means of exchange between different currencies"
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.