Topic: Bitcoin is useless - page 13. (Read 3608 times)
I do not think like you. Bitcoin is not useless because you use with Bitcoin to buy alternative cryptocurrencies in almost all major crypto exchanges.
Already refuted a million times but here we go:
"Scaling issues". Not an issue if you treat it as digital gold cold storage.
"Not decentralized". Yes it is, the chinese or whoever has the most hashrate cannot change bitcoin properties at will, they have never done so and they never will, because they would kill themselves doing so (and someone else would take their place as difficulty adjusts)
"Devs cannot reach consensus". This fact only proves that it's indeed decentralized, everyone has different opinions, nobody can get what they want = decentralized, positive value, reinforces it as an immutable store of value.
"It's slow and expensive". Not really, specially now after Coinbase got their shit together with transaction batching and Ver stopped the spam, mempool is empty. Not that it matters if you use it as a store of value anyway.
"It's pegged to USD". Not really, if USD stopped existing, there would still be bitcoin, and the supply wouldn't change. People use USD for price because it's the (current) largest currency. It was not the case 100 years ago. Empires come and go.
"Scaling issues". Not an issue if you treat it as digital gold cold storage.
"Not decentralized". Yes it is, the chinese or whoever has the most hashrate cannot change bitcoin properties at will, they have never done so and they never will, because they would kill themselves doing so (and someone else would take their place as difficulty adjusts)
"Devs cannot reach consensus". This fact only proves that it's indeed decentralized, everyone has different opinions, nobody can get what they want = decentralized, positive value, reinforces it as an immutable store of value.
"It's slow and expensive". Not really, specially now after Coinbase got their shit together with transaction batching and Ver stopped the spam, mempool is empty. Not that it matters if you use it as a store of value anyway.
"It's pegged to USD". Not really, if USD stopped existing, there would still be bitcoin, and the supply wouldn't change. People use USD for price because it's the (current) largest currency. It was not the case 100 years ago. Empires come and go.
We all have different views about everything especially about bitcoin and I appreciate your opinion,
You say that bitcoin is actually useless,
But for me, bitcoin is not in vain so it helps many people make life better and go forward,
I can see people with a positive view of the benefits of life from bitcoin because they know everything should go well, If developers will find a way to lower costs, it will definitely be a currency alternative in a meaningful timeframe,
That's what made them successful.
You say that bitcoin is actually useless,
But for me, bitcoin is not in vain so it helps many people make life better and go forward,
I can see people with a positive view of the benefits of life from bitcoin because they know everything should go well, If developers will find a way to lower costs, it will definitely be a currency alternative in a meaningful timeframe,
That's what made them successful.
You are pointing to a well known issues, that - really - make bitcoin still impractical to use; but any technology at its beginning had a lot of trouble and was difficult to utilize.
But there are lot of people working on these aspects, so I'm pretty sure that they will be resolved in a reasonable time.
But there are lot of people working on these aspects, so I'm pretty sure that they will be resolved in a reasonable time.
Every one is entitle to his or her opinion about bitcoin.All i know is something that have transformed many people life and turned poorpers to owners of business and properties can still be considered useless.
I got your point, but bitcoin is not useless as there are people that still use bitcoin and earn a lot from it. There investors that still trust the crypto and still has the highest price in the market. BTC price is rising now a days. You should think it over if I where you.
Btc can never be useless in my opinion.Those who don't like Btc,many have been away from it.Nobody if forced and it's not necessary to work on it for all.According to my view,Btc eliminates unemployment,helps to create jobs for many people,makes investment more profitable.My suggestion for those who said Btc is useless,research first then comment.
We have to respect the opinion of other people because this is the cause of so many fights and disturbances when we don’t listen other’s point of view. Rather it would be our intention to impose our own idea on other. So that is best thing I read in this comment. As far as bitcoins are concerned, so they are making the lives of people fantastic. They are helping us, everyone.
No its not, i mean i beg to disagree that Bitcoin is useless. Bitcoin is valuable specially in terms of online jobs and investments that pays bitcoin. It has a value specially when those times that rises very high, the problem with that high value of it affects the fees of wallet when you transfer bitcoin to other bitcoin wallets why because of its value. but for now that the value drops the fees also drops. In that case, and grabbing its time to purchase and use.
I don't totally think so. The thing is this is the nature of bitcoin, and that is to be volatile, otherwise we wouldn't have able to earn from it. We just have to be patient and endure this moment because eventually, bitcoin's value will grow again and it will become profitable. We just need to have a little bit of faith. We owe bitcoin that after we earned a lot from it.
Wow, is this something that what we call fake news to manipulate market or what?? Is this post is something to make supporters of Bitcoin go panic and sell their Bitcoin? I don't know but all I can say is Bitcoin is not useless for me. The transaction fee is not that high actually and transfer for payment does not take that long. The rank of the account is Sr., that means the account is been with Bitcoin for quite some times now. It really puzzled me on your post. Don't worry, thank you for the thought. Noted. I respect your opinion.
I'm staying with Bitcoin. I love the vision of Bitcoin making our life easy. Appreciated your post.
I'm staying with Bitcoin. I love the vision of Bitcoin making our life easy. Appreciated your post.
Bitcoin transaction now costs only $0.11 and its only 30% of segwit adoption. And it is still in early stages.
Btc can never be useless in my opinion.Those who don't like Btc,many have been away from it.Nobody if forced and it's not necessary to work on it for all.According to my view,Btc eliminates unemployment,helps to create jobs for many people,makes investment more profitable.My suggestion for those who said Btc is useless,research first then comment.
Anything is useless when not used. As I can see in your point of view it doesn't sound anything better. And that is just what bitcoins need to attend to for its improvement. Unsatisfied customers always have the right to call for a better service. Others think the opposite and are satisfied, I think they don't have problems yet. So if you have these problems, it's good that the idea was raised as of this point in time for them to be able to improve what you think wasn't just right.
i don't think so because bitcoin helps people that have financial problems and people that have no jobs.
... Many of us here believe that bitcoin is an investment just have a smart trading and holding then you willl be able to double your money in just a matter of time. It is not useless and it gives more opportunity to those who are dreaming to grow status of one's life with an easy way of achieving it. ...
Investment is not use. It is the opposite of use, in fact. When you invest, you don't use your bitcoins for a long time and then you sell them.
If you think bitcoins are useful, then tell me how you use them.
I dont think that bitcoin is useless because it helps a lot in reducing unemployment and i cant contradic those views of some people that thinks bitcoin is a useless but for me either its benefit will help people.
I am skeptical. Can you please point me to your source that shows that Bitcoin reduces unemployment?
If you think so that bitcoin is useless then why are you still in this forum. Many of us here believe that bitcoin is an investment just have a smart trading and holding then you willl be able to double your money in just a matter of time. It is not useless and it gives more opportunity to those who are dreaming to grow status of one's life with an easy way of achieving it. There is no way you could belittle us or put down our opinion because we have different point of view in life. Maybe you see it like bitcoin is useless but for us it is valuable and hopefully it will be able us to gain more. So if you think that please pm me and give me your account and password. Lol
We do respect your opinion. But for us bitcoin is a big help to us because we earn a lot of money on it. For me to have work and I'm in bitcoin I save a lot of money so bitcoin is useful.
if you earn Bitcoin and still work on another job, then why are you saving? At least I understand that bitcoin gives good income and opportunity without saving.I respect your point of view when it comes to bitcoin. It wasn't entirely useless if a lot of people are benefiting from it. A lot of people get rich because of bitcoin and I think it is quite rude to say it was useless.
I dont think that bitcoin is useless because it helps a lot in reducing unemployment and i cant contradic those views of some people that thinks bitcoin is a useless but for me either its benefit will help people. We do respect your opinion. But for us bitcoin is a big help to us because we earn a lot of money on it. For me to have work and I'm in bitcoin I save a lot of money so bitcoin is useful.
if you earn Bitcoin and still work on another job, then why are you saving? At least I understand that bitcoin gives good income and opportunity without saving.Any technology at its beginnings had a lot of bad issues; if people had let themselves be discouraged we would have nothing of what we have now.
So, the secret is simply to try to solve this issues one by one. That's all.
Thank god! There is someone who understands that bitcoin is a revolutionary technology and it demands time and patience to bloom at peak. Obviously there are certain problems faced by people for using it but we should be determined to solve them rather than becoming pessimistic. So, the secret is simply to try to solve this issues one by one. That's all.
Jump to: