I think bitcoin could really devlop in some of the third world countries. Imagine if one of them fully adopts bitcoin because of their failing economy or currency? It could really drive and spread adoption when/if people see how well it's being implemented elsewhere.

Not easy! The developing countries have central government and own its fiat currency. The bureaucratic government wouldn't accept another new things to interfere existing system.

Long time away from fiat world imploding though
Cryptos need to find their niche and hang in there until the time is ripe

Yes, the fiat world is on very thin ice. One example is the riots in Greece and the fact that while they protest "austerity", the Germans are feed up and tired of bailing them out.

I think China would collapse first because they're blind by "nationalism".

Their whole economy is just a bubble.

Countries would need to be developed enough to have wildspread internet access, and enough education(more than the formal one) to understand bitcoin and how to use it, and have a well organized society, enough to rise an economic power parallel to the state.


I see few to none poor and develping countries with all these factors. The biggest problem, in my opinion, is people not formal education - education about finance,  for example, and civil organization. Most countries have protests, but asking for the state give them more money or benefits, not for more freedom to let them pursue their own goals without having the state in their way, and without having to pay a f*kton of taxes. No way that a stateless distributed tech can do much for a society in that situation.

"Draper recently made beat 44 rival bidders ..."

Uh oh.

yeah some of those 44 were just putting in ridiculously low bids though on the off chance they could pick up some cheap coins.

We know close to a dozen bids and all were ultra low or part of a syndicate(ultra low volume).
That is all the data we have. To assume that most of the rest of the bids were high isn't out of what we know but what you want to believe.

TIL that your guess based on limited data is better than mine because... it just is.
awesome.
PS: we don't know the syndicate bidding price, either, so we really don't know jack shit.