Topic: A real discussion of the shameful bitcoin problem (Read 1415 times)
Time for me to create the ultimate exchange site!
None of the bitcoin markets can withstand any real test of traffic, liquidity, and money flow. They don't even have the competency or tech support to handle all the issues once traffic starts. Right now traffic is a joke and is just major bubble/overbuying.
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
These sorts of myopic arguments abounded during the early 1990s too. Modems take forever. Downloading a tiny image is too slow. Who wants to watch 10fps 320x240 video that needs to re-buffer every 20 seconds...etc.etc.etc.
Have some vision. Think a little bit. Realize the positive-feedback-loop dynamic of phenomena with strong network effects. Realize too that bitcoin (finally) has significant mindshare with really talented, accomplished people. Innovators are innovating, VCs are investing, and better, far more professional infrastructure is being built every day.
This is happening, and those with myopic short-term vision will be left scratching their heads as to how it all passed them by.
So you think bitcoin really is like the internet of money? Or is it another tulipmania?
None of the bitcoin markets can withstand any real test of traffic, liquidity, and money flow. They don't even have the competency or tech support to handle all the issues once traffic starts. Right now traffic is a joke and is just major bubble/overbuying.
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
These sorts of myopic arguments abounded during the early 1990s too. Modems take forever. Downloading a tiny image is too slow. Who wants to watch 10fps 320x240 video that needs to re-buffer every 20 seconds...etc.etc.etc.
Have some vision. Think a little bit. Realize the positive-feedback-loop dynamic of phenomena with strong network effects. Realize too that bitcoin (finally) has significant mindshare with really talented, accomplished people. Innovators are innovating, VCs are investing, and better, far more professional infrastructure is being built every day.
This is happening, and those with myopic short-term vision will be left scratching their heads as to how it all passed them by.
It's certainly true that there is room for improvement. And I see no signs that those improvements aren't coming.
The core Bitcoin developers are hoping that someone will improve the idea of Bitcoin. One potential improvement might be to design a client that can attach specific property to certain bitcoins. If the bitcoins are transferred, the backing by the property goes along with them. The owner of the property has placed the property in trust with the specified bitcoins, so that he cannot transfer the property until such a time that it is no longer the backing for the specified bitcoins involved. What this would in effect do is to make the bitcoins in question to be redeemable by the property stated in the transaction, something like dollars were redeemable by gold and silver in the old days. Making a client like this would tend to bring Bitcoin into the realm of REAL trading and usefulness among the people.
There will be better infrastructure in the future. There is no doubt about that.
The development process is slow and lacking. The dev is probably just sitting there doing nothing most of the time and waiting for his salary to arrive..
It's certainly true that there is room for improvement. And I see no signs that those improvements aren't coming.
None of the bitcoin markets can withstand any real test of traffic, liquidity, and money flow. They don't even have the competency or tech support to handle all the issues once traffic starts. Right now traffic is a joke and is just major bubble/overbuying.
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
You're using Bitcoin version 0.8.6
0.8.6 (beta)
Edit: the 'official' release party should be a doozy, good for major rally too maybe?
None of the bitcoin markets can withstand any real test of traffic, liquidity, and money flow. They don't even have the competency or tech support to handle all the issues once traffic starts. Right now traffic is a joke and is just major bubble/overbuying.
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
You're using Bitcoin version 0.8.6
If the exchanges are so pitiful then there must be a lot of money to be made by starting a superior one. Go ahead. We won't stop you.
There will be better infrastructure in the future. There is no doubt about that.
None of the bitcoin markets can withstand any real test of traffic, liquidity, and money flow. They don't even have the competency or tech support to handle all the issues once traffic starts. Right now traffic is a joke and is just major bubble/overbuying.
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
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