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Comment by snitko | Hacker News Reader

Well what does? More people using it and interested in it? Doesn't define success. More merchants accepting it? Doesn't define success. More governments paying attention to it? Doesn't define success.

What on earth would define success? It's like nothing is ever enough for you people.

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Kinda reminds me of all the people confidently predicting the demise of Google before the "ridiculously overvalued" IPO. There was even an entire web site devoted to it called fuckedgoogle.com. Needless to say, it went out of business waiting for Google to go out of business.

It existing and being available for those who truly need decentralized money. It's a bit like saying the success of Tor is when X% of the internet's traffic is over Tor. No, the value of Tor comes from just existing and working when it is needed. Likewise Bitcoin provides something very different from fiat money, and success for bitcoin is retaining those properties and availability as needed.

I would go with volume and active wallets (not addresses) using it.

There literally is no way to get an amount of "active wallets". First, what constitutes active? Second, what defines a wallet? For me, one address is a specific wallet, and I use an HD for different things.

If you look at the bottom of [1], you'll see it's pretty hard to get just a "volume" metric as well.

[1]: https://blockchain.info/charts

Liquidity, volume, transaction speed, transaction fees, ability to integrate into a store front.

Success of bitcoin define what it was designed to do.

It was meant as an electronic CURRENCY, something that you can use as a payment for every day items.

Currently it's similar to Tulip Mania[1].

[1] https://en.wikipedia.org/wiki/Tulip_mania

"Well what does? "

People using it as a currency.

i.e. having some practical value.

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