Bitcoin is a failure? This is untrue. - page 2.

eternalgloom

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Quote from: groll on June 30, 2016, 09:57:28 PM

With many issues targeting the topic that Bitcoin is presently struggling many misconceptions come at hand that claims Bitcoin is a Failure. It is true that bitcoin is still young but as it grow old in the market, technology is adjusting to cope up with the recent problems that bitcoin is facing. Bitcoin has not yet seen its full potential we can only declare it as a failure if it go bankrupt.

It would be nice if you could post some examples of this, maybe some articles that mention it?
A few years ago there were indeed some people who were highly sceptical of Bitcoin, but it seems to me that criticism has died down a little.

Besides, it's pointless to discuss this, just with the anecdotal evidence you have provided.

amacar2

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I think bitcoin is revolution to financial system so lots of banks and entity don't like its concept of decentralization as that can ruin how banks are getting profit out of others money and paypal like processor can die because they just love the heavy fee they get on every transactions. Bitcoin will never die, will come up being more stronger with every new challenge.

Lauda

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Terminated.

Quote from: Enotche on July 01, 2016, 04:36:49 AM

Many people do not understand it, did not see any sense in it, and certainly could not think what to expect in the future.

Correct. There's a fallacy called personal incredulity which is often the case with people. I've seen a lot of nonsense online when it comes to comments about Bitcoin (e.g. "Bitcoin is corrupted by the government" - one of the recent ones). It is obvious for any fellow 'Bitcoiner' who has a decent understanding that they have no clue what they're talking about.

Most of the people are sheep and easily manipulated by the media (unfortunately this is true even for many 'Bitcoiners'). I'm actually very surprised how nobody managed to mention the website that keeps track of how many times Bitcoin "has died": Bitcoin has died 106 times.

bitdoger

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Bitcoin is a failure? of course no .. BTC is king in the crypto world it is in the first place in last 7 years and is strong coin .. so from my view it is not fallure and wil be stable long time ....

Enotche

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I laugh those who say that Bitcoin is a failure, a scam, a pyramid and so on.
The same happened with the Internet at its beginning. Many people do not understand it, did not see any sense in it, and certainly could not think what to expect in the future. So it is now with Bitcoins. He is still developing, people are looking for him, so long as make such conclusions.

dothebeats

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Uhh, no. Seeing what bitcoin did to the current financial scene, it can't be considered to be a failure but rather a success even in its infancy. Also, it greatly helped people with restrictions on their respective countries gain access into buying things which they cannot, another plus to the economy, I'd say.

serjent05

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One of the bitcoin core member that quit said so, though the intent of the statement somehow is debatable. This guy have project with bank if im not mistaken. Probably it has something to do with his project or probably not. But if you consider the structure of BTC tech, there are flaws on coding that they need to patch. Anyway, If we consider Bitcoin economy, I don't think BTC is a failure at this point. Everyday more and more people are adopting Bitcoin.

Kakmakr

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Do not listen to the fiat/alt coin shills, they will say anything to push Bitcoin down. There is nothing that cannot be changed to improve Bitcoin, it is a piece of code after all. The only difficult part, is to reach consensus about these changes and when to apply them. < SegWit vs Classic debate >

You will always have people pissing in the wind, and telling people it's raining. ^smile^

groll

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With many issues targeting the topic that Bitcoin is presently struggling many misconceptions come at hand that claims Bitcoin is a Failure. It is true that bitcoin is still young but as it grow old in the market, technology is adjusting to cope up with the recent problems that bitcoin is facing. Bitcoin has not yet seen its full potential we can only declare it as a failure if it go bankrupt.

Topic: Bitcoin is a failure? This is untrue. - page 2. (Read 1086 times)