I am a newbie
Too much to learn.
well i can say i am a little above newbie....PM me whatever info you need and i will help you...
Topic: Are newcommers to bitcoin laggards or what? - page 2. (Read 4977 times)
I am a newbie
Too much to learn.
well i can say i am a little above newbie....PM me whatever info you need and i will help you...
It entirely depends on the adoption level at saturation.
agreed. lets say in 100 years time, historians look back and see that only 500million(not 7bill) people held atleast a satoshi in their life
well in 2014 that equates to an at most 0.24% saturation level, not even close to the 2% of innovation on that scale sed in previous posts
Thats a really interesting point you shared.
Definitively early adopters, there is long way before average Joe will use Bitcoin. Bitcoin is now mostly for tech people willing going through the hassle of buying Bitcoin.
How about if average Joe will never use Bitcoin and it stays just for tech people?With cheap secure hardware wallets Bitcoin might start to be alternative for average Joe I believe. Long way to go given how the Trezor hardware wallet develops (is overexpensive and hard to say if really secure, looking ugly as well
)But it will come one day, Bitcoin ASIC after 1 year starting to be power effecient and reasonably priced as well (hardware wise, not mining profitability
)Hardware wallets? Try Mycellium on your android! Free, and just as good if not better! And it saves having to carry around an additional device for your coin.
Definitively early adopters, there is long way before average Joe will use Bitcoin. Bitcoin is now mostly for tech people willing going through the hassle of buying Bitcoin.
How about if average Joe will never use Bitcoin and it stays just for tech people?With cheap secure hardware wallets Bitcoin might start to be alternative for average Joe I believe. Long way to go given how the Trezor hardware wallet develops (is overexpensive and hard to say if really secure, looking ugly as well
)But it will come one day, Bitcoin ASIC after 1 year starting to be power effecient and reasonably priced as well (hardware wise, not mining profitability
)
I think Bitcoin is where Apple was in the 80s. Think about it.
Bitcoin will hit the ditch of history pretty soon.
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large unused hashing potential exist that could be used for the 51% attcak that would render bitcoins useless
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
7. governments are actively undermining bitcoin-china
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large unused hashing potential exist that could be used for the 51% attcak that would render bitcoins useless
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
7. governments are actively undermining bitcoin-china
FIAT
1. more then 50% of moneymakers scam account holders... a fact
2. many bank ATM limit customer access to funds daily, their call centres are always bsy and they only have their doors open for 9hours a day 5 days a week. (alot of downtime compared to other 24/7 services)
3. banks move money from country to country, suggesting a possibility of large unused financial potential could be used to F**k over the forex and debase the already indebted FIAT market
4. wall street is constantly selling fiat causing the national debt of all countries to grow while wall street makes their profits
now onto scams
i can recall the nigerian prince, the foreign lottery, the nknown relative leaving an inheritance, the foreign friend's hospital bills. the mail order bride.. all of which are FIAT scams
then look at on the stret scams.. pickpocketing, card cloning, identity theft.
then look at banking scams.. HSBC getting away with laundering.
then look at bank history. armed robberies, bank heists.
and the biggest scam of all.. the national minimum wage scam. forcing people to work as slaves due to it being legalised that it is acceptable to pay people very little.
need me to continue?
no? well ill just summerise.. where ever there is something of value that people want. there is always a dishonest person that wants it without earning it. to me that just shows that it has actal value as no one would risk jailtime for something that has no real world value
id be more concerned when the day cames that scammers and theives DON'T want bitcoin.. because when these scammers DON'T want a bitcoin that is given to them through an easy con, then why would anyone honest choose to pay for it
Agreed.
Its stupid how everyone on here turns a blind eye to the huge influx of programmers and investors that are getting into bitcoin
early innovators for sure .. things haven't even began to take shape yet... patience
The truth is that Bitcoin can't become a serious player in economics until it stabilize and people receive their salaries in Bitcoin. People are generally very lazy to convert fiat to Bitcoin, and it can be said there are many obstacles for doing so. You can't even buy Bitcoins with credit card, nowhere! And most people are so ingnorant they just don't get it what kind of financial revolution is ongoing - most are sheeple, and this is sad but true.
the mind set of people in the early 2000's:
The truth is that Apple wont become a serious player in phone industry until it is user friendly. People are generally very lazy to convert MP3's using itunes, and it can be said there are many obstacles for doing so. You can't even buy CD's on the Itunes store, nowhere! And most people are so ingnorant they just don't get what the benefits of iphone has over other phones that also make voice calls - most are sheeple, and this is sad but true.
I am a newbie
Too much to learn.
The truth is that Bitcoin can't become a serious player in economics until it stabilize and people receive their salaries in Bitcoin. People are generally very lazy to convert fiat to Bitcoin, and it can be said there are many obstacles for doing so. You can't even buy Bitcoins with credit card, nowhere! And most people are so ingnorant they just don't get it what kind of financial revolution is ongoing - most are sheeple, and this is sad but true.
I was thinking about this yesterday because Bitcoin is showing up in popular culture/tv shows, especially science fiction based programs.
Bitcoin will hit the ditch of history pretty soon.
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
Hey, you invented a new kind of 51% attack! Why don't you start your own company manufacturing mining equipment if you can do a better job?
Quote
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
Join P2P pool to regain control over your hash power.
Quote
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large unused hashing potential exist that could be used for the 51% attcak that would render bitcoins useless
Earlier this morning I flipped a coin six times and got five "heads," suggesting that the coin was not fair.
Quote
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
There are two ways new users can acquire bitcoins: mine them or buy them from someone who already has them. Early adopters divesting helps to diffuse coins to a wider user base, increasing the efficiency of bitcoin's distribution of wealth.
Quote
7. governments are actively undermining bitcoin-china
That is why we need bitcoin.
These are weak arguments. I was quite keen on bitcoin in the last 6 mo. Not anymore.
It will all end up in tears judging by the quality of corporate players involved.
I would say we are around the early adopters stage.
Bitcoin will hit the ditch of history pretty soon.
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large unused hashing potential exist that could be used for the 51% attcak that would render bitcoins useless
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
7. governments are actively undermining bitcoin-china
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large unused hashing potential exist that could be used for the 51% attcak that would render bitcoins useless
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
7. governments are actively undermining bitcoin-china
FIAT
1. more then 50% of moneymakers scam account holders... a fact
2. many bank ATM limit customer access to funds daily, their call centres are always bsy and they only have their doors open for 9hours a day 5 days a week. (alot of downtime compared to other 24/7 services)
3. banks move money from country to country, suggesting a possibility of large unused financial potential could be used to F**k over the forex and debase the already indebted FIAT market
4. wall street is constantly selling fiat causing the national debt of all countries to grow while wall street makes their profits
now onto scams
i can recall the nigerian prince, the foreign lottery, the nknown relative leaving an inheritance, the foreign friend's hospital bills. the mail order bride.. all of which are FIAT scams
then look at on the stret scams.. pickpocketing, card cloning, identity theft.
then look at banking scams.. HSBC getting away with laundering.
then look at bank history. armed robberies, bank heists.
and the biggest scam of all.. the national minimum wage scam. forcing people to work as slaves due to it being legalised that it is acceptable to pay people very little.
need me to continue?
no? well ill just summerise.. where ever there is something of value that people want. there is always a dishonest person that wants it without earning it. to me that just shows that it has actal value as no one would risk jailtime for something that has no real world value
id be more concerned when the day cames that scammers and theives DON'T want bitcoin.. because when these scammers DON'T want a bitcoin that is given to them through an easy con, then why would anyone honest choose to pay for it
Bitcoin will hit the ditch of history pretty soon.
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
Hey, you invented a new kind of 51% attack! Why don't you start your own company manufacturing mining equipment if you can do a better job?
Quote
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
Join P2P pool to regain control over your hash power.
Quote
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large unused hashing potential exist that could be used for the 51% attcak that would render bitcoins useless
Earlier this morning I flipped a coin six times and got five "heads," suggesting that the coin was not fair.
Quote
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
There are two ways new users can acquire bitcoins: mine them or buy them from someone who already has them. Early adopters divesting helps to diffuse coins to a wider user base, increasing the efficiency of bitcoin's distribution of wealth.
Quote
7. governments are actively undermining bitcoin-china
That is why we need bitcoin.
Bitcoin will hit the ditch of history pretty soon.
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large used hashing potential exist that could be used for 51% attcak that would render bitcoins useless
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
7. governments are actively undermining bitcoin-china
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large used hashing potential exist that could be used for 51% attcak that would render bitcoins useless
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
7. governments are actively undermining bitcoin-china
And this is different from issues facing the Internet how?
-Scams and phishing emails, Trojans, and backdoor threats constantly
-Target credit card hack
-Open SSL Heartbleed, Internet Explorer exploit, smartphone malware threats across both Android and iOS devices
-Even though many of us have high speed internet, the majority of Americans have less than broadband connection.
-The big one "Net Neutrality". This one could dwarf any of the issues facing Bitcoin, and potentially cripple the way the Internet works for us currently:
http://www.huffingtonpost.com/2014/05/07/net-neutrality-fcc-facebook-google_n_5283931.html
So, when you look at the big picture, the "growing pains" you see with Bitcoin aren't so big afterall.
Bitcoin will hit the ditch of history pretty soon.
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large unused hashing potential exist that could be used for the 51% attcak that would render bitcoins useless
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
7. governments are actively undermining bitcoin-china
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large unused hashing potential exist that could be used for the 51% attcak that would render bitcoins useless
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
7. governments are actively undermining bitcoin-china
5. USD reserve currency soon to die.
6. hashing speed is still doubling every 2 months.
Bitcoin will hit the ditch of history pretty soon.
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large unused hashing potential exist that could be used for the 51% attcak that would render bitcoins useless
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
7. governments are actively undermining bitcoin-china
Why:
Because it is infested with scam. I am not talking about theoretical scam, but real-life.
Examples:
1. more than 50% of miners manufacturers scam their customers-a fact.
2. mining pools are constantly off line due to multiple sustained attacks, putting mining revenue in jeopardy
3. hashing speed undergoes gigantic fluctuations, suggesting a possibility that large unused hashing potential exist that could be used for the 51% attcak that would render bitcoins useless
4. someone (early adopters) is constantly selling, resulting in a 6 mo downtrend.
7. governments are actively undermining bitcoin-china
...
The only concern is whether a "better" crypto could take over, but I don't think that's likely.
There are more concerns, 50+1% attack for example.The only concern is whether a "better" crypto could take over, but I don't think that's likely.
Simply depends how far Bitcoin goes. How far do *you* think it will go?
IMO, if it reaches its full potential, then we are just passing from the innovator to the early adopter phase.
When kids in schools are trading BTC on their phones I'll say we are entering the early majority stage. When it's an option at every retail outlet, late majority will be entered.
We are so so much early days here. You better believe this.
The only concern is whether a "better" crypto could take over, but I don't think that's likely.
There are more concerns, 50+1% attack for example. IMO, if it reaches its full potential, then we are just passing from the innovator to the early adopter phase.
When kids in schools are trading BTC on their phones I'll say we are entering the early majority stage. When it's an option at every retail outlet, late majority will be entered.
We are so so much early days here. You better believe this.
The only concern is whether a "better" crypto could take over, but I don't think that's likely.
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