Are you with Mike Hearn? Has Bitcoin failed? Is it Dead

wxa7115

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Bitcoin is GOD

Quote from: Slark on March 02, 2017, 10:22:37 AM

You may wonder why we have so many bitcoin bashing articles and so few praising it. From the same reason when you watch TV you see mostly gruesome and disturbing news.
These stories are staple money making/selling point/click bait for any newspaper, TV channel, news portal.
It is easier to construct bullshit story about bitcoin being used by criminals and failing because some developer got tired and rage quit.
Presenting truth, that BTC is relatively stable and doing fine is boring, who would want to read that story?

No one, but at the same time to think that all of those articles are just a way to attract attention is not the full story, it is very obvious there is an agenda against bitcoin and they are trying to scare away the average person, because if the average person adopts bitcoin then it is game over.

Slark

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You may wonder why we have so many bitcoin bashing articles and so few praising it. From the same reason when you watch TV you see mostly gruesome and disturbing news.
These stories are staple money making/selling point/click bait for any newspaper, TV channel, news portal.
It is easier to construct bullshit story about bitcoin being used by criminals and failing because some developer got tired and rage quit.
Presenting truth, that BTC is relatively stable and doing fine is boring, who would want to read that story?

Xester

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Quote from: xuan87 on March 02, 2017, 07:11:01 AM

I don't see any reason for bitcoin to be dead, the price still keep on rising and the transaction volume is quite high, many shops already started to adopt bitcoin payment, so bitcoin usage is keep on increasing, so the news of bitcoin is dead is not true, there are still so many people supporting bitcoin

Just dont mind them it is just Mike Hearns opinion and prediction. Though his opinion is falsified but still it reminds us that this possibility will not go away. The only way to make it impossible to happen is for us to continue promoting bitcoins until it reach One Hundred Thousand Dollars and if we have reached that bracket it is much more stable and far from ending up dying.

szpalata

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Quote from: cramcram21 on February 22, 2017, 03:58:49 PM

Why would I believe that bitcoin is dead and it has fallen,
If we could still use it and it still have a value .

Say that again, I guess the doomsayers are now eating a humble pie and I hope they don't miss the train this time around.

xuan87

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I don't see any reason for bitcoin to be dead, the price still keep on rising and the transaction volume is quite high, many shops already started to adopt bitcoin payment, so bitcoin usage is keep on increasing, so the news of bitcoin is dead is not true, there are still so many people supporting bitcoin

wxa7115

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Bitcoin is GOD

Quote from: Theb on February 21, 2017, 06:21:06 AM

What? A currency that is declared dead is worth 1097$ per Coin. Maybe we can say it is dead, or being dead is a good thing meaning it is a rarer type of currency. But Bitcoin right now with an active demand for it cannot be declared dead as it is being use right now for different transactions from buying games to the conversion of Fiat, I won't consider it to be dead because until now the demand is growing everyday.

Even if they are right and bitcoin is in bad shape can you imagine what the price will be when bitcoin is in top shape, when the problems of scalability, the high gees and the speed of transactions get resolved the price will at least double overnight.

DRaGoN RaNTaRo

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Why do you come up with a thread which is really old and post this here when the price of bitcoin is soaring above $1100. How do you determine if the coin is dead there wont be any significant changes and do you really think that is the case with bitcoin. Roll Eyes

Start a thread which is relevant rather than an old story. Tongue

Grdas130979

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The truth is out there

Of course BTC its not dead or dying but that doesnt mean that the argument of the article is totally wrong, there are issues that need to be fixed, it wont be so easy i believe.

Slark

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Pure FUD, this article is over year old, written as a result of Haern's rage quit. Bitcoin's price at that time IIRC was around $400.
Today we are standing on $1130 with aim to break ATH, pretty good for a dying currency, don't you think?
There is no denying that BTC has problems, it maybe not the best and most efficient global payment method/currency.
But it succeeded as store of value asset, and for me it is satisfactory result.

cramcram21

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Why would I believe that bitcoin is dead and it has fallen,
If we could still use it and it still have a value .

Mometaskers

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Um, the article linked by OP was from January last year. Undecided

It's not dead, well at least not yet. Even the past PBOC meeting didn't cause a large plunge as expected. Still, having to watch out about the ETF thingie people are talking about. It could have a larger impact than the Chinese exchanges allowing withdrawals again.

kohavn

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I never bother about this types of FUD, since bitcoin's introduction, it is keeping face these. But bitcoin already started flying among these, maybe they alone indirectly promoting bitcoin system intensively ?
No - living life to the fullest!

Theb

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What? A currency that is declared dead is worth 1097$ per Coin. Maybe we can say it is dead, or being dead is a good thing meaning it is a rarer type of currency. But Bitcoin right now with an active demand for it cannot be declared dead as it is being use right now for different transactions from buying games to the conversion of Fiat, I won't consider it to be dead because until now the demand is growing everyday.

szpalata

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The doomsayers always keep talking and Bitcoin keeps mesmerizing their thoughts, I have read countless times about such false predictions and Bitcoin always comes out stronger each time. Look at the current trends and soaring up of Bitcoin and tell me if it really looks dead? This is a real goof OP, please come again.

wxa7115

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Bitcoin is GOD

Quote from: olubams on February 20, 2017, 08:19:49 AM

Quote from: HabBear on February 18, 2017, 04:26:12 PM

https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/?utm_term=.1d3cad23101a

The Washington Post declares bitcoin dead!

"Bitcoin was born with serious flaws. It was unregulated and provided anonymity." - Uhh, actually these are a few of the reasons people liked it! And the weaknesses identified are two-fold: (1) Chinese ownership of mining and thus the money supply at creation, and (2) the transaction volume limitations.

They also allow those not familiar with Bitcoin's development to believe that Mike Hearn was a a creator. No knock to Mike at all, but developers and creator are quite different in Bitcoin. It's easy for anyone to assume that those two words mean the same thing. And here's Mike's blog post for reference: https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.k7osat9yg

This is not the first time I am reading this and a lot of other prophecy proclaiming the demise of bitcoin. and some will even still come out again to announce its death. Sometimes I even wonder if bitcoin is immortal and cant die?. In my own country, I have even ready in one release where bitcoin is being likened to a ponzi scheme that will crash very soon but alas we are still here and even Switzerland is even taking giant strides in the use of bitcoin... But they wont stop but little did they know that all the prophesy of death is actually bringing in more popularity...

Don't listen to them this is the same as those false prophets claiming the end of times is near and the Apocalypse is coming and they have always been in the wrong, let them with their foolish prediction while we reap the rewards of investing in bitcoin.

olubams

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Quote from: HabBear on February 18, 2017, 04:26:12 PM

https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/?utm_term=.1d3cad23101a

The Washington Post declares bitcoin dead!

"Bitcoin was born with serious flaws. It was unregulated and provided anonymity." - Uhh, actually these are a few of the reasons people liked it! And the weaknesses identified are two-fold: (1) Chinese ownership of mining and thus the money supply at creation, and (2) the transaction volume limitations.

They also allow those not familiar with Bitcoin's development to believe that Mike Hearn was a a creator. No knock to Mike at all, but developers and creator are quite different in Bitcoin. It's easy for anyone to assume that those two words mean the same thing. And here's Mike's blog post for reference: https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.k7osat9yg

This is not the first time I am reading this and a lot of other prophecy proclaiming the demise of bitcoin. and some will even still come out again to announce its death. Sometimes I even wonder if bitcoin is immortal and cant die?. In my own country, I have even ready in one release where bitcoin is being likened to a ponzi scheme that will crash very soon but alas we are still here and even Switzerland is even taking giant strides in the use of bitcoin... But they wont stop but little did they know that all the prophesy of death is actually bringing in more popularity...

gabmen

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It doesn't look like it at this point though. I think contrary to being dead, btc is becoming stronger at a bit more stable at this rate. I'm not really sure about the basis ofnthis article or it may have been written at a time when bitcoin was down but right now btc is very much alive and most likely continue like this for the coming months

sakinaka

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I am surprised no one actually posted the statistics of how much time has been declared dead. This over one hundred times, so do not worry ! I do not understand people that are saying that Bitcoin is dead. It has never been that healthy : the transaction volume is very high (some people see this as a bad thing, but more people coming equals more transactions, except if you are dumb), the price is healthy, the PBOC thing seems to have addressed the fake Chinese volume. All is fine in this peaceful world !

wxa7115

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Bitcoin is GOD

Quote from: Junko on February 19, 2017, 12:35:38 AM

The Washington Post also said Trump would lose and Hillary would win. Womp, womp, womp, WOOOMMMP.

At this rate is way more likely that the Washington Post is the one to disappear if they keep publishing stuff that does not turn out to be the truth, but this is the problem with modern media instead of informing the public they give their opinions and no one cares about their opinion.

mindrust

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I hope Washington Post is right on this one. Because i sold my coins from 1020$ and desperately waiting in a bull trap to buy them back from a lower price. We need neither an exchange hack, or a nicely build FUD or anything else i don't care. Just bring the prices down.

Jokes, aside. Nobody reads the cartel media anymore. Internet opened many eyes. Torrent, Bitcoin, Trump and Gold will rule the world forever from now on. FIAT, Obama, CNN, DRM are old news. R.I.P

Topic: Are you with Mike Hearn? Has Bitcoin failed? Is it Dead (Read 2217 times)