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Bitcoin is moving from its Deceptive phase to a very Disruptive phase. This Blog is going to explain why, and what you may want to do.

I've been tracking Bitcoin since its inception, and my confidence has grown to the point where I'm now trading in a portion of my gold holdings for bitcoin, buying it and accepting bitcoin for the Abundance 360 CEO Summit.

What exactly is bitcoin?

For starters, bitcoin is a digital currency. As of right now, one bitcoin is equivalent to about $600 USD. Bitcoin is divisible down to 8 decimal places, or 0.00000001 BTC. You can buy things with bitcoin, sell things for bitcoin, and exchange bitcoin for other currencies (and vice versa). You can also "mine" it, but we'll get into that later.

At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions... all good things.

Most importantly, it is an "exponential currency" that will change the way we think about money. Much the same way email changed the way we thought of mail. (Can you remember life before email?)

If you've followed my work, or participated in my Abundance 360 Summit, you understand that I teach and track exponential technologies using my "6 D's" approach, looking for "user interface moments."

Bitcoin is following the 6Ds and is on a path to go from deceptive to disruptive over the next 1 - 3 years. Allow me to explain.

Why Bitcoin is following the 6 D's

1. DIGITIZED: Bitcoin is digitized money -- it is a global, purely digital currency. Every bitcoin is traded, earned, sold, exchanged and bought in cyberspace. For this reason, it is living on Moore's law and hopping on the exponential curve.

2. DECEPTIVE: Bitcoin software was released to the public in 2009 and for the first few years has been growing in its deceptive phase. Few heard about it, few used it and accepted it. In addition, the currency has been hard to use; therefore, it hasn't had its "User Interface Moment" (the key transition from deceptive to disruptive). More soon.

3. DISRUPTIVE: As described below by my friend Barry Silbert (founder of Second Market), Bitcoin is about to enter its disruptive phase where its rate of acceptance and use will explode, as will its value. See below.

4. DEMATERIALIZING: Bitcoin is eliminating or dematerializing the use of physical money (bills and coins), even credit cards. But more than that, it is also dematerializing (read: eliminating) the need for central banks, lawyers and currency exchanges.

5. DEMONETIZING: Bitcoin eliminates middlemen (banks, lawyers, exchanges) and demonetizes the cost of transactions. No fees. It makes it cheaper to use, spread and share money.

6. DEMOCRATIZING: Bitcoin makes access to capital available to everyone, where there are no banks, no ATMs and no credit card suppliers. Ultimately, as we move (over the next 6 years) to a world of 7 billion digitally connected humans, Bitcoin makes currency available to anyone with a connection to the internet.

Bitcoin's Evolution - Why it will be Disruptive Soon

My friend Barry Silbert (founder of Second Market) recently spoke as my guest at Singularity University's Exponential Finance conference about Bitcoin. He provided an excellent overview of its near-term trajectory, summarized below. His input has also put me on the lookout for the "User Interface Moment" - that moment in time when an entrepreneur designs a piece of interface software (think Marc Andreessen and Mosaic) that makes it so easy to use bitcoin.

I'll be reporting on those user interfaces, investing in those startups and helping to promote them.

Okay, now back to Barry Silbert's insights. Barry outlined five phases for this digital currency that help explain where it's been and where it's going.

Phase 1: The period 2009 to 2011 was the early 'experimentation phase' for bitcoin (i.e. deceptive). Here the software is released to public and most technologists and hackers started playing with the code. During this phase, there was no apparent value to currency yet; mining bitcoin was easy and could be done by a single person on a MacBook or PC.

Phase 2: 2011 marked the beginning of the 'early adopter' phase (still deceptive). There was a lot of early hype and press around Silk Road (where you could buy drugs). The value went from less than $1 to over $30, then crashed. This spurs the first generation of bitcoin companies to build basic infrastructure: wallets, merchant processors, mining operations, exchanges, etc. - i.e. the early user interfaces.

Phase 3: 2012 thru mid-2014 marked the beginning of the 'Venture Capital Phase.' Folks like Marc Andreessen, Google Ventures, Benchmark and others have begun investing in Generation 2 Bitcoin companies. We are right in the middle of Phase 3 right now. Thousands of bitcoin companies are getting funding. Many of these are trying to create the "User-Interface Moment."

Phase 4: Fall 2014 thru 2015 will like see the start of the Wall Street Phase. Here we will begin to see institutional money acknowledging digital currencies as an asset class, and they will begin trading it, investing it and creating products around it. This marks the start of the disruptive phase.

Phase 5: Finally will come the 'Mass Global Consumer Adoption' phase -- this is where bitcoin becomes a major player in the global economy. When consumers feel it is easy, safe and secure to use bitcoin. It won't be possible until after the "User Interface Moment" materializes, but I believe, as does Barry, that this is only 1-2 years out.

So now what?

Learn, do, teach... Go experiment! Create a bitcoin wallet and buy some bitcoin. There is no better way to learn than by doing.

There are a few bitcoin exchanges where you can "buy" bitcoins with dollars (or other currencies). (EDIT) One of the most popular platforms is:

Coinbase (

If you want to start accepting bitcoin in your business, a popular platform to do this is:

Bitpay (

For those of you in my Abundance 360 Community, we will be discussing bitcoin in more detail. We will talk about how they work, how you start investing, how you mine, how you get involved, how to create a wallet, and how to begin acquiring bitcoin.

If you aren't a member yet, join us here:

Best of luck,

P.S. Every weekend I send out a "Tech Blog" like this one. If you want to sign up, go to and sign up for this and my Abundance blogs.

P.P.S. Please forward this to your best clients, colleagues and friends -- especially if they don't trust bitcoin yet.
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Part of the deceptive phase of bitcoin involves the "high price" of an imaginary denomination of bitcoin - the bitcoin. This denomination is actually made up of 100 million atomic units called satoshi. Another denomination, more comparable to typical fiat currencies, is ubits/microbits/bits, which is one millionth of a bitcoin. This denomination looks more like dollars because it has 100 "pennies" per bit. Using this denomination and current exchange rate, you begin to see how "cheap" bits really are at this stage of the game. Simply divide 1 by the current exchange rate (1/600), move the decimal over 6 places, and you'll see that a single dollar buys you over 1600 bits in the Bitcoin currency.
Neither Bitpay nor Coinbase is an exchange, although you can buy bitcoin from Coinbase. Bitpay is a merchant payment processor. 
Dee Yoh
Atomic-Trade exchange is a licensed MSB but the USD/BTC is slow to start.  Many people don't like the KNC regulations placed on such business's. 
I enjoyed reading this blog.  Here are my thoughts.  There are still fees with bitcoin and other virtual currencies although the fees tend to be small.  But it's not like fees entirely disappear and quite to the contrary the fees can be imposed easily which is a pro or con depending on your point of view.  Regardless of my critique, I agree with Peter.  I think a key to gaining support will be a transitional time of equating fiat to bitcoin (or other virtual currency) prices.  In other words, any sites that accept bitcoin should post the equivalent fiat value right next to bitcoin prices so that the exchange starts to be more familiar.  What really made me stir the other day was when I started taking the mining of new coins more seriously.  The specialization of currencies to specific markets, genres, or niches is very compelling.  Take for example Jackpot Coin which targets the gambling market or Romania Coin which is promoted as the coin for Romanian citizens.  That last one though... really made a connection with me because I can imagine a nationalist approach to the currency.  Again, good or bad depending on POV.  But regardless of POV it is happening and there doesn't seem to be anything to stop it at this time.
Nice work, Peter. If you are interested in funding bitcoin start-ups, I have a few ideas I'd like to talk to you about. Let me know what you think and feel free to circle me back, I added you to my Bitcoin circle.
It would seem pretty safe to say that the phase of development of the BTC is moving along just fine.  I think I understand why they broke it down into satoshis now, 1BTC=1USD, then 1mBTC=1USD, and eventually 1uBTC will be = to 1USD.  Yes there is a great potential here.  Standby to see what instatutional money will do to BTC.  Hope you all have a little bit!
Technically, both Coinbase and BitPay will exchange your USD into bitcoin and vice-versa, but they are not actual exchanges like Bitstamp or Coinsetter. I'd suggest updating the last part of this entry just to clarify the difference between payment processors and exchanges. 
It's not a problem really, Bruce. It's the only theoretical attack on the bitcoin protocol there is. The only problem with that attack is the miners that would have the power to do that would be shooting themselves in the foot. It would make the currency they have invested so much into worthless, they wouldn't do that. One mining pool was nearing 51% but they backed off because, that's the logical thing to do.
It's FUD, Gregor. Fear, uncertainty, and doubt. The 51% scenario was carefully considered by the creator and the situation has played out exactly as he expected. If that time ever comes that bitcoin is under control of 51% by a single entity you have a choice to sell your coins if you don't trust that entity. But I'm not selling my coins, on that kind of speculation, especially when the network is nice and distributed right now, a lot more real problems exist than that.
Bitcoin operates using a distributed record-keeping system.  This system  issues a checksum (hash) every ten minutes or so to cover new transactions.  If someone tries to alter the data, it no longer matches the checksum.  The key invention is to "chain" the checksums, where the checksum for the last block of transactions is part of the data for the next block.  Now you cannot alter the data or the checksum without invalidating a later checksum.  Thus the entire history of bitcoin transactions is verifiable by anyone, and in fact is verified automatically when you run the core software.

The really disruptive part is chained hashes can be used to verify any kind of data whatsoever.  Bitcoin just happens to be the first application, where the data is financial transactions.  But you can use it to track property ownership records, contracts, proof of creation for songs and inventions.  Any place you want to store digital data and prove it has not been modified, you can use this idea.
Sorry Mr Diamandis, but what you say about Bitcoin is correct about a generic virtual currency, but Bitcoin in particular is not the right one.

For one it is highly deflationary, because the currency supply can't grow quick enough (in fact the growth slows as mining becomes more difficult).  For another, syndicates are beginning to game the mining of the currency.  Finally, in an abstract sense, it is unlikely that such an early candidate is perfect, and inevitably only a perfect virtual currency will be "the one."

Yeah, virtual currency seems to be the direction the future is going to take, but I predict that only strong AI and a managed system will endure.
+joe more I don't think many people are okay with centralization. Pretty much everyone freaks out when gets close to 51%. However, lead btc people may feel that the current fears are a bit over blown in the particular case of 
Actually, there are a many better ways to learn than by doing, unless you adhere to the greater fool theory as being the best way to attend the school of hard knocks.  Learning by learning is another option for consideration.  Having written easily over a hundred articles about Bitcoin in the past three years I find it difficult to accept that Mr. Diamandis was there at "the inception" although he was likely there at the inception of Planetary Resources which would explain his desire to short gold due to its planetary abundance.  Anyone who believes that "the deceptive phase" has a timeline attached to it may want to brush up on their Lord Acton. tradewithdave(dot)com
Glad to see people like Peter looking at Bitcoin, I am pretty sure innovative people at the Singularity University will go wild thinking about clever ways to leverage BTC!
It is wrong to say Bitcoin is not fee-based.

Bitcoin transactions are explicitly designed to allow fees, which go to miners.  In the early days it was uncommon for the fees to be used, but it is becoming more and more common, in part because miners have an incentive to preferentially validate transactions which include a fee.  Over time, the system is designed to transition to being more and more fee-based. Quoting from the original whitepaper introducing Bitcoin (

The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction [which goes to the miners]. Once a predetermined number of coins have entered  circulation, the incentive can transition entirely to transaction fees and be completely inflation free.

In other words, as time goes by, Satoshi expected the fees to go up, to keep miners invested in the system.

Update: I just looked at the last ten or so transactions posted to  Every one of them had fees.  I'd guess that's the default now.
Fees are the default, a transaction without fees takes a very long time to get processed by the network as you need to be lucky and be processed by a somewhat nice miner.
Don't forget that the difficulty algorithm of bitcoin is dynamic, we're in a crazy situation right now where miners have started a war among themselves and keep adding more powerful, more expensive hardware to the network which raises the difficulty automatically so that there's a block of transactions processed per 10 minutes on average over 15 days.

There's no inherent reason why we need so much hashing power, it's all because of the arm race among miners.

There's a big probability that an update to bitcoin will dramatically change how transaction are to be accepted into blocks and modify the mining game, especially because of the risk posed by miners with too much hashing power.
+Peter H. Diamandis The only innovation that Bitcoin brings to the table is enabling the Chinese with a high-tech speculation tool due to the limited opportunities over there. Without China getting involved, price would still be below $100. Any other claim that those vested in Bitcoin spread is false. There are way more disruptive things like Dwolla, Square, and others. I can't believe people who have reputation to protect promote Bitcoin, which is totally energy inefficient in times when Climate Change is more real and dangerous than ever.
The top two exchanges since the fall of Mt. Gox are Bitstamp and Bitfinex.
I love how distraught the bitcoin skeptics are. "I can't believe the space is gaining legitimacy!" Get over it. Stick to bitching in /r/butthurtcoin.
Butthurt are those who bought all my coins when I sold them at $1,100+. I am not a sceptic, just pragmatic. I saw regular Joe doesn't need/care about Bitcoin and the bubble needs fresh blood to continue to inflate and there's no as only speculators and libertarians care about it and these are in limited stock.
I'm not a libertarian or speculator. I'm a technologist with moderate political beliefs. You'll find this to be the case as more serious players enter the space, as demonstrated by Peter H. Diamandis and other mainstream figures.
I am a technologist, too - with 30 years of experience. Bitcoin isn't as good as the proponents with vested interest claim it to be. It's a solution of a problem, but neither an elegant, nor an efficient one. The only good thing Bitcoin did is make people thing in this direction and vastly better solutions will come to life. The whole economical model of Bitcoin is also attracting the wrong kind of human material - amateur speculators who have no chance on the real markets like stocks, forex, commodities, etc. Just spend some time on the BTC-e troll box and you will what I mean! And unlike most of you, I've been in Bitcoin since the early days and I'm really disgusted with the people that overcrowd it these days. Gambling sites pop up daily, all kinds of illegal porn is enabled by it, there's assassination marketplace, corrupt politicians can legally get donations from criminals, and so on. I am sorry, but Bitcoin does not solve the problem of the 99%. Also, even in the Third World, there's M-Pesa and other payment systems that already work, work on feature phones, not smart phone, will let people have a sound sleep as prices go up and down by tens percent overnight, and most importantly - don't have a huge detrimental effect on the environment!
I couldn't agree more about the type of people originally attracted to bitcoin. Many are conspiracy theorists lacking even the most basic understanding of economics or politics. Pump and dump schemes are pervasive in the alt-coin market and many bitcoin companies are scams (neo&bee, Mt. gox, etc). This is why regulation is so important. I'm shocked to hear libertarians shun even the most basic regulation. The protection of private property is essential in any functioning market and many bitcoiners are completely unaware of this fact. I hope the government keeps a close eye on the bitcoin it's about to sell to investors.

Instead of fighting polluters, which bitcoin miners most certainly are, you should focus your energy on positive developments in the solar and clean energy markets.
I agree. It will be regulated or it will die slowly as an online payment method for vice. What's most ridiculous is those who were advertising Bitcoin as a tool against Wall St and Fed are now applauding when the former enemy is taking positive steps. To me the most important thing for Bitcoin survival is consumer protection as it's not the merchant that picks the payment method - it's the buyer that demands it. There are many benefits of the credit cards (30-day interest-free financing, cash back, extended warranty, etc.) Anyway, I'm sure soon we'll generate huge amounts of energy in space and all the visual pollution of the green energy and air pollution from coal and gasoline will be things of the past, but, still, Bitcoin's Proof of Work algorithm should evolve with speed and computational efficiency in mind, which practically means a new coin as it's hard to upgrade a distributed system at once. And there are several alternatives already.
Agreed. Sorry for the snarky comment. There's a lot we agree on.
Bitcoin is antifragile. It doesn't stop because Nikolay doesn't want it to succeed. It doesn't go away because people scream about the 51% issue at every chance. 2 years from now bitcoin will still be here. Naysayers will still be trying to convince themselves and everyone else why they made a good choice not to buy despite missing the boat. Just wait until there is no risk, I'm sure there will still be room for loads of growth and profit.
As far as I can see, Nikolay is misinformed and misinforming about many things. The most amazing statement is about credit cards, who are part of an extremely expensive infrastructure that caused the current crisis. As Mr Diamandis quotes "Thousands of bitcoin companies are getting funding." and that's what really matters for bitcoin.

And I wouldn't even dare suggesting Mr Diamandis is an "amateur speculator".
+Arthur van Pelt You saw wrong! If Bitcoin ever gets the same amount of commerce going on (which it won't as it can handle only 7 transactions per second globally), its infrastructure will be even more complex, inefficient, centralized (i.e. mostly off -chain transactions, the blockchain will be getting updated nightly or so), and it won't be Bitcoin as we know it! Also, credit cards are completely different products, so, you have to compare apples to apples. Most of the infrastructure is customer service as, yes, credit cards have this unlike Bitcoin. There are many enthusiasts who pay with Bitcoin today, just because it feels good or because they've put every penny into it waiting for one Bitcoin be worth a million next year, but this doesn't mean the vast majority of people will go thru the hassle. If ever Bitcoin gets adopted, it will be centralized as most people will use Coinbase, Circle, or the likes - it won't be any different than having a bank account except that your wealth will greatly fluctuate compliments of the Chinese speculators. And fluctuations go both ways as that's how speculators profit. Most importantly, as I have expertise in e-commerce, Bitcoin adds another decision point to the checkout process: "Should I buy now or wait until Bitcoin gets back at (let's say) $700 and spend less bitcoins for this piece of fancy furniture?" Adding more thinking to the checkout process is the last thing a merchant wants.
+Nikolay Kolev Nikolay, I'm afraid you just shot yourself in the foot. I did not bring in the credit cards in this debate, you did. So I would like to suggest that you start comparing apples to apples, if you think credit cards cannot be compared to bitcoin.

Furthermore, what you don't seem to understand: Bitcoin is a protocol, and bitcoin is its coin. Let's compare this to 'rails' and 'trains'. Rails have rather lightly improved since the 1800's, but trains have immensely improved since the 1800's. Bitcoin just celebrated its 5 years anniversary, and the improvements on both 'rails' and 'trains' in the bitcoin environment have only just begun. Thousands of companies are working on that already. So Nikolay, your way of debating is like the farmer that stated in the 1800's "my cows will give black milk when a train has passed my land, so I'm against trains!".

So in my humble opinion Nikolay, the only thing you're trying is to spread short-term FUD with false information. Like "Most of the infrastructure is customer service as, yes, credit cards have this unlike Bitcoin." <= it's not the Bitcoin protocol or the bitcoin coin that provides the customer service, it's the infrastructure that provides the customer service, and we see NUMEROUS examples of this happening in the bitcoin infrastructure. And you are also using a wrong way of reasoning, like "There are many enthusiasts who pay with Bitcoin today, just because it feels good or because they've put every penny into it waiting for one Bitcoin be worth a million next year" <= how can somebody pay with bitcoin and keep it at the same time? I'm absolutely not getting what you are trying to say here. If you meant to say that some people pay with bitcoins, and other people decide to keep bitcoins as a long-term investment, then you are right. And you should embrace that I guess, as some of its use cases of bitcoin, which I described earlier here (feel free to scroll up a little), are being fully explored!
Overoptimistic article.
- middlemen are still here, there are called miners. Miners do not only mine new bitcoins, they also secure the network and are paid fees for that
- bank will still be needed... for loans. You want to do something, you don't have the money for it now but expect to have it later - you come for a loan. BTC or fiat, loans won't disappear.

(I own BTC)
+Bruce Thomson Monero doesn't have this weakness, on top of getting backed by an increasing amount of prime Bitcoin actors and being technologically superior. 
Monero is just another alt coin in the sea of alt coins.
Sure, realcoin sounds like a great idea if you don't mind putting your trust into multiple 3rd parties with all the risks of crypto and fiat combined.
+Dan Darden Bitcoin is suitable for speculation and store of value (for those who are of the adventurous type), but it's not good for e-commerce and B2B transactions, so, #Realcoin sounds like a solid "best of both worlds" thing.
I don't think so, but everyone is entitled to the free market if they want to. Also this article isn't about Realcoin. And another thing all the merchants, venture capitalists, and people around the world are adopting #Bitcoin not #Altcoins 
Who is adopting Bitcoin, i.e. transacting in BTC and not in USD using BitPay or Coinbase?

+Nikolay Kolev I am and other friends. The rest of the world that isn't in the US. No realcoin or 3rd or 4th parties necessary at all. That's the beauty of Bitcoin.
+Dan Darden You're talking about a niche and I'm talking about big brands. I have extensive experience in e-commerce with pretty big brands. These guys will not involve themselves in speculation. Don't judge by Overstock's CEO - he's using the public corporation for his personal agenda. Bitcoin is hurt by companies like Coinbase and BitPay as they apply selling pressure and increase volatility given the ridiculous liquidity.
+Nikolay Kolev I also have extensive experience in Branding and E-commerce. Check out the new Marketplace I just launched: http://BTC.Blue while you are there maybe you could signup for a store and sell your real coins there.
Oh, you have some vested interest. You should have started with that! Thanks, but no thanks!
+Nikolay Kolev Of course I have vested interest, why would I invest in copycat coins? Bitcoin is the original and most likely to succeed, investing in altcoins is riskier than gambling. And supporting new ledgers is like supporting printing dollars. There is but one true block chain, 
You are wrong. Fiat moves from one coin to another.
Even if that was true it would be pointless to invest into something like realcoin if the value is tied to the dollar. Everyone knows where that is going.
+Dan Darden This shows your true colors - you're a speculator. Bitcoin cannot both be used for transactional currency and a speculation tool. All the e-commerce side of things is a fancy tale used by speculators to involve other smaller and unsophisticated investors into the bubble and part them from their money.
+Nikolay Kolev Ok everybody, you heard it from Nikolay of Bulgaria.. sell all your bitcoins and buy Realcoins!! Let me know how that e-commerce shopping goes for you.
Yes, I am from Bulgaria, living in Irvine, so, what? You try to patronize based on what? You are the speculator putting many eggs in the Bitcoin basket and getting nervous that it won't break above $666 as it failed several times and we know it is going back below $500 soon. I make real money solving real problems. The average Joe does not need Bitcoin, it is of no use to them, so, sell while you can! Stop pitching your bubble, it is not working anymore - look at the dropping volumes! I do trade Bitcoin and profit, but I won't lie to people about what it really is - my reputation is above short-term profit.
+Nikolay Kolev  ^ Saving this for later. Calling +ProfessorBitcorn. The amount of energy necessary to refute BS is an order of magnitude bigger than to produce it.
+Dan Darden Unlike Prof. Bitcorn and you, I've been involved since day one. So, stop pulling arguments out of you behinds and calm down. If you believe so strongly in Bitcoin, you don't have to, I repeat, you don't have to argue with every person who doesn't think like you. Focus on making money and buying Bitcoin instead!
+Nikolay Kolev I have an SQL book in my lap right now. Obviously you have a vested interest in this real coins scam along with Brock Pierce who is a known bad actor in the community to say the least.
+Dan Darden I have some vested interest in this humanity doing meaningful things and advancing as civilization, not jumping from one bubble to another, which does nothing for the humankind. We have space to colonize, lifespan to extend, and many other meaningful goals. Bitcoin does not help in any of that. It's a wasted energy - literally, just so that some can expropriate money from others. In the great scheme of things, money is primitive, we don't really need it if we're not as primitive as today. If one can afford something, because he has money, and another can't, because he doesn't have it - this is not something we should be proud of as a civilization. As Gandhi has once said: "The world has enough for everyone's need, but not enough for everyone's greed." I am not talking about communism, I'm talking about a higher state of mind and a science-based civilization in which only everybody's well-being and our scientific advances matter - something like what Jacque Fresco has in mind, let's say. We should focus on building real value, not some ridiculously inefficient highly centralized system, which has bold, but false claims. Bitcoin is decentralized only on paper and it will only get more and more centralized with time with the ever-growing blockchain, the complexity, and so on, and because the flawed economical and mental model we have in place now, which leads to monopolies and limited choices.
Sorry Bitcoins doesn't solve all of humanity's problems. One thing it does have going for it is that it works and will continue to work. Realcoins are a real waste of time, nobody cares about them. Built on top of a counterfeit scam ledger. If you want to create an asset that backs something like USD you should have the dollars to back it first or you are just adding to the credit bubble, Next you must use something like colored coins or counterparty at least because they are based on the only true blockchain which is Bitcoins. Any other ledger like mastercoin is a counterfeit and anyone who claims otherwise might as well be a scammer or at the very least doing the community and anyone involved an injustice. We can't have a new ledger and a new alt coin every day.. what's tomorrow? TotallyRealCoin? 
Peter makes compelling points.

In a few years, I believe that people will look back on this post and think "If I'd only bought a handful of bitcoins then".
+Dan Darden Why thank you! That might just turn out to be worth tens of thousands in the not too distant future :)
No problem, I think one bit should equal at least a dollar in the not too distant future, but you never know
Only time will tell. Thanks again!
I think the long term plan for MoonStone ( is a good approximation at the User Interface moment you speak of. 

A wallet software that integrates directly with both centralized and decentralized exchanges, will eventually allow one to hedge BTC into stablecoins, as well as allow companies to leverage their software for identity verification to issue new digital forms of stock and other assets. 

Very exciting times we are living in!
Moonstone, an altcoin vaporware wallet. I'm good.
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