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July 03, 2011, 09:51:57 PM |
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I'm with Gavin feeling the need for Bitcoin infrastructure needs to advance.. We need reputable secure online wallets, escrow services, ways to buy bitcoin faster, and of course more merchants selling products and services for bitcoin.
Start advertising bitcoin and at this point a flood of people will come in without secure wallets, getting ripped off trying to buy and use bitcoin, and more speculative investors driving market price up beyond where economic exchange can sustain it.
BitCoin itself will survive any of this, but widespread adoption and trust in bitcoin may not survive if we grow too big too fast. You just can't advertise the benefits of a race car when the only place to drive it is a gravel road.
I have absolute faith that all of the infrastructure we need is being developed or is in the brainstorming stages currently. The next six months to a year will have amazing expansion in the Bitcoin infrastructure. Then it will be time to try out the full horsepower of the bitcoin economy.
To everyone out there working on a bitcoin business model, good luck and may all of your passion and inspiration propel Bitcoin further than we ever thought possible!
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