Bitcoin is garbage. - page 13. | Bitcointalksearch.org

tomwalsh

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Quote from: RawDog on December 09, 2017, 10:47:43 AM

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.

+1 to that.
Its not and never will be a payment system, it is a commodity.

I have been trying to tell people this would happen for so long but no one wants to listen.

Stubbornness is a strange thing, why people are willing to pay such huge transaction fees rather than admit bitcoin isn't a sensible payments system I will never understand.

joebrook

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Quote from: RawDog on December 09, 2017, 10:47:43 AM

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.

I quite agree segwit didn't help with anything at all, it promised that the transaction fees was going to get lower and transaction time will be shorter, but it seems that the exact opposite is happening which is making things very difficult.

buiting

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Quote from: RawDog on December 09, 2017, 10:47:43 AM

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.

No bitcoin now is very bad payment system.
SegWit can help and make network better than now{1 MB is big problem}.
we need better payment system

redhondaxrm125

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As much as i would lke to deny it, i cannot. This is slowly becoming a reality.

Bitcoin today just isn't like bitcoin a few years ago. Yes, its price has become really high and has gotten far - breaking record by record it sets. But the thing is, it is not as convenient as it used to be. It is not as useful as what it was back then,.

But despite all these. I still am not losing hope in bitcoin. I still believe bitcoin will overcome this challenge. It has already overcome a lot over the years. And if it doesn't manage to over come this predicament, then bitcoin doesn't deserve the trust i give along with other people's faith in bitcoin.

Topaz72

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Quote from: Heo on December 10, 2017, 03:55:09 AM

Yep, definitely not garbage. not as right now. I dont see it.

It’s a very bad and sad news about bitcoin and I have no idea that why people are using such a words for bitcoin we are not giving something to bitcoin we are just giving time to bitcoin and as a result bitcoin is giving us money and every day I’m going to see some people are giving wrong statements about bitcoin some of the people are saying its dead and someone are saying its price is going down which is not good so we need to be very positive about bitcoin.

Hasvak K

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What you noobs dont understand is bitcoin is the best we have. Other faster coins either have larger blocks or low volume. They dont have better tech or security.

KEPLER99

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Quote from: meisha on December 12, 2017, 05:22:07 AM

Quote from: RawDog on December 09, 2017, 01:22:54 PM

Quote from: zenrol28 on December 09, 2017, 11:18:20 AM

That's where altcoins are useful.

Bitcoin was supposed to be useful too. Now it has been rendered nothing more than a Ponzi scheme. It has no real purpose other than for more and more people to come one after another to give money to the guys already in. Then BAM!!! a total freefall collapse.

It's merely a collectors item for rich people now. It can never be the currency it was intended to be anymore. I have sold all my bitcoin and will probably never buy any ever again, i have moved on to alts in the hope that they can keep the original crypto dream alive!

People who don’t have enough resources to buy it they call it garbage because now its prices has gone so wild that only millionaires can invest into bitcoin and for them this a hen which is lying golden egg and there may be a chance that its prices will come down then there may be a chance that people statement will be changed and all this will depend on the prices if prices come down then mediocre level get into it,

JohnB31

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Quote from: ?? on ??

Quote from: JohnB31 on December 09, 2017, 01:56:08 PM

Quote from: ?? on ??

It's Rawdog, he is a well known troll he likes to kick shit up and say dumb stuff. Just ignore him.

Thanks for informing me about trolling so perhaps better to ignore.
However the post made me think about the fee if i would send Andreas $1.50 from my standard bank account:
Fee 15 euro => 17,65 US dollar.

Perhaps time to change a your bank.

Here in the USA, PayPal, Chase, CapitalOne, etc.. No fee to send or receive.

My transaction of $2.25 is been stuck for days and weeks as of today.

To send via PayPal is instant and free.

If you send inside the USA perhaps you do not to pay a fee.
I can send EURO 1.50 to my neighbor and pay no fee.
But if you want to send to another country and in another currency?
(Sometimes you do not pay a fee for the exchange but have a bad exchange rate.)
It is possible to let the receiver pay the fee or a part of the fee however in that case he will receive less.
And yes there are cheaper way to send money.

putlink

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In practical application of payment, bitcoin there are many areas for improvement

ardhigalau

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Why are you using bitcoins for such small transactions? You're wrong I think. Use bitcoin just for a sizable kperluan, buying a beverage with bitcoin is just the same as silly stuff.

Realist247

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Quote from: RawDog on December 13, 2017, 05:12:54 AM

Quote from: KEPLER99 on December 13, 2017, 03:51:24 AM

So you should never be worried about little hurdles as they will be solved very soon. And bitcoin will see another good year just like 2017.

Yes - and this is the solution: Adam Back will tell you that the fees have been cut in half from $13.46 to $6.73 because Lightning is a HUGE success and that he and his team are brilliant. Fees payable directly to Blockstream company. Every transaction on Lightning network will send money to Adam Back and his investors at AXA. And you people are lining up to pay those fees because you are too dumb to understand the privatization of Bitcoin. No thanks, I am going with the real Bitcoin, the whitepaper Bitcoin - Bitcoin Cash.

Proof of Ponzi - wow..great info.

RawDog

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Quote from: KEPLER99 on December 13, 2017, 03:51:24 AM

So you should never be worried about little hurdles as they will be solved very soon. And bitcoin will see another good year just like 2017.

Yes - and this is the solution: Adam Back will tell you that the fees have been cut in half from $13.46 to $6.73 because Lightning is a HUGE success and that he and his team are brilliant. Fees payable directly to Blockstream company. Every transaction on Lightning network will send money to Adam Back and his investors at AXA. And you people are lining up to pay those fees because you are too dumb to understand the privatization of Bitcoin. No thanks, I am going with the real Bitcoin, the whitepaper Bitcoin - Bitcoin Cash.

KEPLER99

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Quote from: RawDog on December 09, 2017, 10:47:43 AM

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.

Bitcoin is the future currency. The thing you may be worried about will be solved soon enough. So you do not need to spread wrong information here. Bitcoin is the best say to invest your money for the future. The wise people are already benefiting from bitcoin. Bitcoin is not a good option for transferring or paying money. And it is not meant to be used in that way also. It is type of an investment.

So you should never be worried about little hurdles as they will be solved very soon. And bitcoin will see another good year just like 2017. So it is the best time to invest.

balacklava666

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are you sure of this opinion. if garbage why lots of people searching? I rada bitcoin instead of garbage, bitcoin is the financial future of the world

lighpulsar07

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Quote from: dillpicklechips on December 09, 2017, 01:30:10 PM

Quote from: RawDog on December 09, 2017, 01:22:54 PM

Quote from: zenrol28 on December 09, 2017, 11:18:20 AM

Sorry? Your a legendary member and you don't even understand what's happening? I understand that you are upset since in the past, Bitcoin is a cheap way to do transactions or just simply send money other than remittance centers.

Now that Bitcoin's price surged hence reflected in the fees. It will take time to adjust. And... SegWit seems to be insufficuent to solve the issue since the congestion in the blockchain is still happening even after the implementation which is absurd.

We all know the pain everytime we send a transaction to the network due to high transaction fees especially to those hadn't large amount of bitcoins i don't know there is a spam going on or it's just we have too many users at the moment plus, the current price have a huge effect on the transaction fees just keep your patience a little longer because lightning network is on the way and currently test on the main networks sooner or later we will have LN and see how this plays out.

zombie6

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I agree that the commission is very high for transactions and with initial commissions!

Gimpeline

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Quote from: RawDog on December 09, 2017, 10:47:43 AM

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.

None of those adresses are segwit
How do you expect to get the benefits of segwit if you don't use it?

meisha

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Quote from: RawDog on December 09, 2017, 01:22:54 PM

Quote from: zenrol28 on December 09, 2017, 11:18:20 AM

That's where altcoins are useful.

Bitcoin was supposed to be useful too. Now it has been rendered nothing more than a Ponzi scheme. It has no real purpose other than for more and more people to come one after another to give money to the guys already in. Then BAM!!! a total freefall collapse.

It's merely a collectors item for rich people now. It can never be the currency it was intended to be anymore. I have sold all my bitcoin and will probably never buy any ever again, i have moved on to alts in the hope that they can keep the original crypto dream alive!

Ellapots1234

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Activity: 24

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Quote from: zenrol28 on December 09, 2017, 11:18:20 AM

That's where altcoins are useful. When bitcoin's value are so high that giving a tip is such a waste you can use altcoins. Bitcoin is not the only cryptocurrency. And bitcoin will not be on top if there's none on its bottom.

why consider it as a garbage? because it is not useful? or youre not just using it the way it must be?
but in others opinion its not useful because its just a digital currency just like the others they have different kinds of uses
so why do you say bitcoin is a garbage of there are also currencies below it

0t3p0t

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Quote from: RawDog on December 09, 2017, 10:47:43 AM

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50. To do that, he paid $13.46 in fees. Does that seem like a sensible payment system? Not. It is garbage. SegWit didn't help with anything.

Transaction fee is the only problem if it really is a payment system since it is more expensive than taxes. That what makes Bitcoin not good for payments most especially smaller transactions such as tipping because we will expect to pay more than the amount we give as tip. But still Bitcoin is a good investment for me no doubt regardless of fee and tax when we cash it out on local exchanges.

Topic: Bitcoin is garbage. - page 13. (Read 4603 times)