Topic: Bitcoin great idea bad execution (Read 796 times)

ahh grasshopper now you have entered the region of the LIES of BITCOIN

It's funny all the things they said bitcoin was in 2010, are now  lies today

If bitcoin was safe, then why is 'silkroad guy' in prison?

The fact is BITCOIN is CIA/NSA/BIS and they track everything, and you can't buy or sell that bitcoin any where on earth without a BIS bank 'seal of approval'.

The entire reason for bitcoin being born was destroyed long ago,

I also agree that the exchanges are what have destroyed bitcoin, they made it easy for morons to buy&sell, in exchange bitcoin lost its virginity

bitcoin was meant to be mined ( anonymous ) and was meant to be traded peer2peer (anonymous), but much of what we have today is just centralized exchanges,

Then the mining was to be 51% or more controlled by little miniers, today its +90% controlled by BITMAIN in china,

Bitcoin is NOTHING everything thing they promised has turned out to be a LIE

I have no issue with people how get earlier good for them as some one explained once they sell they are out of control 
could you explain the layer of exchange to get in with KYC policy and restricted constitutes list
how come the coin which will replace the current Financial system is restricted based on country

That is very ironically
BTC is all about removing the man in the middle  its about peer to peer its about freedom 
but  it brought the worst man in the middle Exchange with  KYC "know your customer"  policy
which is under total control of the banking system
why they need to know their customers  ? this not a banking system
This is the biggest bad execution of BTC the only way for the public to get it  is via exchange which will allow ONLY  certain countries in addition to KYC
exchange is worst man in the middle in BTC system
BTC: will remove bank
BTC:you need exchange to get it
 

Unfortunately until now we haven’t reached the "21 M". If we look at coinmarketcap, the number of coins currently in the circulation are only 17.3 M.


Right, but not just in Bitcoin, I think every market is like that and until now there is no solution for this.
This is because of a fundamental problem that they don't agree with, if you are in their position I'm sure you will do the same thing like they did. This has two sides, on a hand Bitcoin lost its big players and on the other hand this enlivened the crypto market and the spread would be wider because they would fight harder to save their money.
For now I personally see Bitcoin as an investment asset, indeed sometimes I use it for transaction but it’s so rare, especially if it compared to using FIAT.

Yes it's true, bitcoin has become a job for anyone who needs it and bitcoin is also a fast, easy and safe exchange to use but all the potential of bitcoin cannot protect every asset invested in it.

Bitcoin was created to create a new industry so people can invest their money like stocks. Bitcoin is increasingly known as currency, and many people are using bitcoin as a currency to pay in the deal. I believe that Bitcoin will achieve what you desire.

Beyond a bad execution I think the major problem here is greed from relevance seeking individuals that use to be within the bitcoin inner circle.

As we all know what bitcoin's promises are, we didn't see enough realization. But it doesn't mean we will not. Bitcoiners are challenging against enemies which they are regulators and banks. Unfortunately,  doing everything at the same is very difficult.

I did not see proof of the existence of these whales and of these manipulations, but if they manipulate is because the market is still very small, eventually the market will be very large it will be very difficult to be manipulated


I agree with you, these hard forks are meaningless and confuse people, I see no reason for people to be creating those hard forks. today has bitcoin cash, bitcoin Diamond, bitcoin gold, bitcoin private, we have strange altcoins like jesus coin... dude, this is all sad


But that's because we're still to depends of regulations to make it possible to use bitcoin in the real world without having problems with governments, banks, Visa and mastercard.


How could you buy bitcoin without KYC? that would not be possible


truth

This is mostly side effects of decentralization, we can say that this happens when a financial organism like this is not controlled by a group of individuals, I do not understand very well how the fork mechanism works, but I imagine that as most cryptos are open code, anyone can open a new block with its code and get enough miners to confirm it, that's why forks happen.

That will happen in the future but now let's face the problem of decreasing of bitcoin until now day by day happening maybe next year that i thought it will recover.

The extended points added by OP, although already discussed to death here at the forum, merit some discussion.

He is mostly concerned about how to Get Bitcoin. First thing you have to do is to free yourself from the bias against early adopters. You cannot expect to mine a few hundred BTC like it's still 2011. Assess the present situation and you have folllowing options:

1.Mining:
For anybody interested in getting Bitcoin, getting into mining might be a good time now with hash rates falling a bit. BTC mining per se is difficult business. Though you can look at mining ETH or some Alts using GPUs. It isn't as big an investment and it is also a safer option because of the resell value on GPUs.
Remember that if you really want crypto to survive and believe in it, the present electricity costs will be your investment which you can easily recover when we get into the bull phase.

2.Research::
There are a plethora of startups trying to use blockchain in every aspect from databases, finance, gaming to cloud computing. The space is filled with shit ICOs and bounties so a good research is your only way to separate wheat from chaff. If you are an individual with an alternate income source, you can easily devote sometime to research and all. If you are looking to earn peanuts and pocket change through incessant facebook shares and meaningless tweets, then it is no use discussing these nuances in the first place.

For a normal individual who isn't a blockchain programmer, these two are the only options i can see where you will not have the risk to burn your hands and will actually learn something, as well as contribute to the whole space.
Good Luck!

OP your first 4 points could apply to any currency around the world, those that are powerful will learn how to manipulate the market to become even more powerful, that is just the way it is or do you think there are no whales in fiat? Of course they exist and they can manipulate the system in easier ways than what the bitcoin whales can do in this market.

If you are a real supporter of the idea of Bitcoin and decentralization, then you should not care about the price.
I believe Bitcoin is still in the first stages and being manipulated by whales is normal (with more people using Bitcoin, whales will not be able to manipulate the market anymore).

even if it is true, it will be easily manipulated on their part. This is proven how about the split problems from BCH that occur and of course this has an impact on market prices. 80% of altcoins right now is more like a projects for hit & run. Investor right now is trying to recover their assets

If people talk about whales, they instantly think of manipulation. People don't understand that whales mostly aren't actually looking to manipulate the market by causing big movements in the price.

If you have way more funds on both sides of the order book, and that in a market lacking depth, which applies to crypto, a simple buy or sell order will likely cause a 5-10% movement.

People need to let go of their whales are manipulators way of thinking. If people are able to catch a pump, whales are the best entities in the world, but when they are on the wrong side, whales suddenly are called manipulators.

For once, try and understand this that there is no mistake with bitcoin execution. People are just creating the problems we see. I think what we see with bitcoin was intentional, just to make bitcoin very scarce. The higher fees,  and the block size that people claim to be too bad are all not a problem.  Satoshi knew all these will happen so why don't we just use it as it is and stop the many forks?

Forks are just a new way to destroy bitcoin and anytime there is a fork,  it negatively affects bitcoin

and for making BTC more dominating than other currencies, we need a long process. even very difficult to adapt to the public, because some people do not support.

only developed countries can adapt to BTC, such as Japan, USA, South Korea.

The whole problem lies in the games of rich people who manipulate the market.

I think bitcoin has a great future when I can pay for gas with bitcoin.

Sometimes I find it a little funny when trying to blame the whales that try to manipulate the market, when in fact the common users are the ones that have the power, but of course if they fall into any FUD or FOMO that is presented in the market, they fall directly into the influences of the whales and lose while playing their own game.