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

wxa7115

hero member

Activity: 2702

Merit: 704

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

legendary

Activity: 1862

Merit: 1004

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

hero member

Activity: 994

Merit: 544

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

sr. member

Activity: 686

Merit: 253

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

legendary

Activity: 1666

Merit: 1001

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

hero member

Activity: 2702

Merit: 704

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

sr. member

Activity: 319

Merit: 250

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

member

Activity: 84

Merit: 10

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

legendary

Activity: 1862

Merit: 1004

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

sr. member

Activity: 854

Merit: 251

★777Coin.com★ Fun BTC Casino!

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

hero member

Activity: 1764

Merit: 584

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

member

Activity: 84

Merit: 10

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

hero member

Activity: 1680

Merit: 655

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

sr. member

Activity: 686

Merit: 253

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

hero member

Activity: 2702

Merit: 704

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

hero member

Activity: 798

Merit: 503

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

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

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

sr. member

Activity: 325

Merit: 250

Decentralised Amazon & ICO Hub

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

hero member

Activity: 2702

Merit: 704

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

legendary

Activity: 3276

Merit: 2442

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

Xester

hero member

Activity: 994

Merit: 544

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

Its just a fraud news or they are planning something. Bitcoin is a threat to the US dollar its because through this cryptocurrency has the tendency to replace the US dollar and they will try to destroy it in its early stage. Second thing is maybe they want people to panic so they will sell their bitcoins the White House will buy huge volume when the price goes down. Remember Trump is a businessman and it could be just his business strategy.

just_Alice

hero member

Activity: 1274

Merit: 622

I'm wondering who are those 2 people who have voted for "Yes - please accept my condolences." Bitcoin right now is more alive than ever and its price in USD only proves that.

IMO Washington Post is not the place where to look for reliable information. Forbes and Financial Times are much better in that regard.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

some people want their names to be written in the history and not everyone can be a hero, we need jesters and idiots too. and this is one of the examples of the second group. Mike Hearn is now a part of history as an idiot who was butthurt and spread some FUD.

it is one year later from that article and it will soon be 10 years and we will still be laughing at him. some of us not and some others will understand and laugh later.

machinek20

hero member

Activity: 840

Merit: 501

Anyone can declares bitcoin is dead, or any newspaper announce bitcoin is dead, but bitcoin will never be dead if there are users that using it for transaction, the power of bitcoin is in the people not in the government or media

icecube45

legendary

Activity: 1218

Merit: 1000

Quote from: Idrisu on February 19, 2017, 03:36:44 AM

Bitcoin is a decentralized crypto currencies which is not control by a single government. If united states of American want to band bitcoin they can go ahead. Either it was regulate or not regulated bitcoin cannot be killed as it cannot be control by single individual or group. The beauty of bitcoin is that the more governments reject it the stronger it became and the higher the trading volume increased.

I think the news was made to reduce the interest of people to use bitcoin, so that many people began to doubt using bitcoin and leave. It was a fake news and I think it could not be accounted for with bitcoin situation now. You're right, bitcoin is decentralized so that no person or institution that can control, only users who has control of bitcoin. During bitcoin have a users I think it will continue to grow.

Hydrogen

legendary

Activity: 2562

Merit: 1441

These fake news stories remind me of Saruman the White from the Lord of the Rings books.

Saruman had the ability to make people believe the things he said were true.

But his power was broken when he tried too hard to make too many believe in his lies.

CNN, WaPo and many other "fake news" outlets could fit that profile.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote

January 19, 2016

Who cares!!!!! at least if the bitcoin just get the approval from the SEC and that already makes me buy more bitcoin and put them in my cold storage for a long time later.

Idrisu

sr. member

Activity: 924

Merit: 260

Bitcoin is a decentralized crypto currencies which is not control by a single government. If united states of American want to band bitcoin they can go ahead. Either it was regulate or not regulated bitcoin cannot be killed as it cannot be control by single individual or group. The beauty of bitcoin is that the more governments reject it the stronger it became and the higher the trading volume increased.

canah17

sr. member

Activity: 336

Merit: 250

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

Well i would not believe this article because its really impossible that in washington they declare bitcoin is dead as you heard of the 80 or 90 percent of the news of the internet is falls alert believe it or not i think you should know about that but if that news is real its only in washington its not a harm to bitcoin and its their lost because now bitcoin is increasing its number and more expensive in the internet by that bitcoin is the source of all internet problems Cheesy

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

If the bitcoin is dead then why we are still here? And also, why the price seems so high if the bitcoin is already dead?
Bitcoin cannot died easily because it has strong foundation and great support from its community. Those posts are surely fake because that is just a trying hard hype but it will not make an effect for bitcoin.

pooya87

legendary

Activity: 3472

Merit: 10611

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

ht tps://ww w.washingtonpost.com/~/2016/01/19/~~~

it is funny that apart from only one person the rest of the previous 21 comments didn't even pay attention to this, and mindlessly replied.
the article is too damn old. it is from 13 months ago (1 year+) and even if you have forgotten, Mike Hearn was full of shit and butthurt.

and on top of that bitcoin price was $450-$380 ish back then and this FUD caused a nice dip that i clearly remember buying at, and we can see how this "supposedly dead" thing is thriving at $1000+ price and is getting adopted all over the world.

each day we hear another good news about a new country or a new big service adopting bitcoin. these days the Africa is the top news.

lordquanta

sr. member

Activity: 770

Merit: 268

* It is better to lock this thread as the basis on which this thread started is long gone.
* If you wish start thread about Mike's actions.

beerlover

legendary

Activity: 2996

Merit: 1188

What are crypto background for washington post to say that ? Moreover this is not the first time, some outside media shout about bitcoin.

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 ?

hase0278

hero member

Activity: 882

Merit: 544

The post was made january last year and I think this was just a FUD by Mike Hearn that time to make people dump all the coins they got. Also, if bitcoin were really dead by that time, why would we still be here? while someone is still using bitcoin for payment and transactions it would not die. It would also not die easily even if it dumps, and we have seen that many times already. Because of this, I have answered no in the poll.

HabBear

hero member

Activity: 1106

Merit: 637

Shit, sorry all. I missed the year on that article. If I'd seen it as a 2016....November, let alone January, I would not have posted this. Old news for sure.

BUT...the news about Mike Hearn is true, and if he bailed a year ago and we are where we are today, do you think he bailed foolishly? The poll still stands.

Junko

legendary

Activity: 1512

Merit: 1000

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

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: LeGaulois on February 18, 2017, 10:06:26 PM

Quote from: alyssa85 on February 18, 2017, 08:05:38 PM

The date of that article is Jan 19th 2016.

In other words more than 1 year ago, when the bitcoin price was about $300 and people were getting excited about ether (this was before the infamous DAO hack).

It's old news, people.

OMG, you're right. Why the OP wasted his time to post an old news from WP....

Wasting time to read all those negative tagged without any proof to bitcoin, to spread FUD (back) in the past?
That's right, OLD NEWS, and they have proven themselves as "false". The market of bitcoin keep on rising since then.
Community won't fail as they have worked together since the first time bitcoin was launched. Once again, users whose support bitcoin which makes it worth, as we believe in bitcoin better than conventional financial system.

LeGaulois

copper member

Activity: 2940

Merit: 4101

Top Crypto Casino

Quote from: alyssa85 on February 18, 2017, 08:05:38 PM

The date of that article is Jan 19th 2016.

In other words more than 1 year ago, when the bitcoin price was about $300 and people were getting excited about ether (this was before the infamous DAO hack).

It's old news, people.

OMG, you're right. Why the OP wasted his time to post an old news from WP....

wxa7115

hero member

Activity: 2702

Merit: 704

Bitcoin is GOD

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

Do you think the creator of that article actually believes what he is writing, he is being paid to write such an article or is he really that dumb? It seems he is unable to see anything beyond his own nose, bitcoin was created on purpose as an unregulated coin that could offer some degree of anonymity, that was the whole idea.

Lucas*

hero member

Activity: 826

Merit: 500

i don't agree with this article ! the market says otherwise, in this period the price of bitcoin still rising , we can't trust all things that writed in newspapers and Articles , there are many rumors and Fake article . i believe in Bitcoin now and in the future .

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

The date of that article is Jan 19th 2016.

In other words more than 1 year ago, when the bitcoin price was about $300 and people were getting excited about ether (this was before the infamous DAO hack).

It's old news, people.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

i am sure that in out there, many negative news about bitcoin and we know that but i think its because they don't know the true about bitcoin so they can say like that. but if they know what is bitcoin, i am sure that they will not say negative point especially they made an article like that which is read by many people.

ArdiPrabowo

hero member

Activity: 644

Merit: 500

many people icn comment this thread is hate and not believe bitcoin, negative comment
so is you not believe and negative comment why youre still find bitcoin

if you believe bitcoin, is good youre postive comment not attack comment, about article in washington post

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Bitcoin is the zombie that keeps on living and giving. How many times bitcoin needs to die in order for these FUDsters to stop lol. Typical anti-bitcoin dudes paid by the government and banks to spread misinformation. The best part of the article is when bitcoin lost a 10% of its value, because of that 'it's dead'.

This article made me cringe.

cellard

legendary

Activity: 1372

Merit: 1252

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

Typical anti bitcoin propaganda from state issued banksters. Don't get it twisted, they will sooner or later pay. I can't wait for all those idiots that push this FUD propaganda to realize their mistake once we are flying at $10,000+ per BTC and those guys will be either regretting or committing suicide in insurmountable regret. Either way, no mercy with those bastards. We will win.

LeGaulois

copper member

Activity: 2940

Merit: 4101

Top Crypto Casino

OH dear Washington Post, bitcoin is dead again ? Bitcoin is dead every month with those medias, rip bitcoin or rip the Washington Post i should say. This the only way now those sites get traffic, posting controversial topics, fake news, misleading stories, ect. For 500 visits, they are reading to publish an article saying theirs parents died last night and how it will impact their writting and bla bla bla. The funny thing is for money you can make them publish an article telling the total opposite and how bitcoin is great ect.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

Washington post? Fake news? I've lost any respect for them, and they're not the first nor the last to say this, and it's the same things all over again.

The Sceptical Chymist

legendary

Activity: 3458

Merit: 6948

Top Crypto Casino

Fighting for survival? Er, the market says otherwise.

I really hate most financial and business journalism, much like when the media reports on drugs and science. They tend to mess everything up. But with business it's so much worse. The same bunch of cliches get repeated ad nauseam. Not surprised they know absolutely nothing about bitcoin.

Adelajda

full member

Activity: 207

Merit: 100

These sort of FUD threads should be trashed .I do not even want to read the stuff that is full of rumors ,Wait a minute are you serious this is a really old post .Just look at the date you dumb.It is published on January 2016.

arcanaaerobics

sr. member

Activity: 364

Merit: 250

Why would they declare it dead when the price is on par with gold? Well almost there. Embarrassed

If it was at $240 as if was 2 years ago abouts when I starting buying some then I can see this major news publication putting this story on their website.
This is like those fake news articles that Trump keeps talking about trying to defamate bitcoin's reputation to drive the price down?

Henkkaa

full member

Activity: 210

Merit: 100

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

What a bunch of bullshit that article is...

Quote

"Now the cryptocurrency is fighting for survival."

Not really, bitcoin is stronger than ever with a growing community.

Quote

"The price of Bitcoin fell 10 percent in a single day on the news, a sad result for those who are losing money on it."

Except that these kind of swings have been normal for bitcoin during it's entire existence...

Quote

In Venezuela, citizens wishing to buy anything of value on supermarket shelves wait all day in lines to do so, because hyperinflation causes the paper currencies in their pockets to lose significant value every day.

Which is exactly why these kind of people invest in bitcoin, it's their safe haven as their own currency is losing all of it's value.

Quote

"It was unregulated and provided anonymity, so it rapidly became a haven for drug dealers and anarchists."

Being unregulated and anonymous, was the reason bitcoin was created. To be independent from regulated currencies, governments and tracking. Drug dealers and anarchists make up maybe 5% or less of bitcoins total use. It is basically same as using fiat currency, except it is much safer for all parties. It has not increased the usage of drugs.

tl;dr The article says that bitcoin is now dead and cannot be repaired, and a regulated government-controlled currency would do the job much better

HabBear

hero member

Activity: 1106

Merit: 637

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

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