Topic: Bitcoin is useless - page 2. (Read 3658 times)
Why are you telling bitcoin are useless? I think you are bitcoin are so useful especially to those people holding bitcoin and they are believe that bitcoin are is the great opportunity to those in need.
Not everyone agree with your mind about bitcoin, its now still favor as one of the best investment in future to make easy profit
I agree. I think the Bitcoin is the store of value and use for trading. The bitcoin cash is a kind of money for daily use.
Bitcoin is surely useful, despite its volatility, and its martket unstability nowadays. It was proved that this crypto currency is very profitable, especially if you get good knowledge about it, and how to deal correctly with it, and if you choose the best ways to make money with BTC like holding, and trading.
I admit that Bitcoin is kinda difficult to use for payments at this time, but I am hoping for a solution to this soon.
Before during the price peak it's undeniable that bitcoin is hard to use as payment because you have pay for higher fee than the product or service you are purchasing. But now it's different, fees are totally now and it's faster than before. There was just an attack that cause all the trouble before. 
Everyone has an opinion on this, you have it, other people are different from yours ... and that's right. Some of the items mentioned in your message are not reliable. Especially now, new technologies such as Lightning Network come to Bitcoin, and from year to year it develops. However, bitcoin should be treated as gold: yes - uncomfortable, yes - expensive, yes - not very useful ... but it is a means to save investments.
You said in seven point that btc isn't store of value, but let me ask, how did you think dollar got its own value? How did other currencies got it also? Every time its the same way
Bitcoin is useless for some people who does not realize it essence and functions. Those who always focus to see its disadvantages, but for those who believe it, know what it truly is, how it works, how beneficial it is, and are positive enough to take a look at its advantages and the brighter side, it's never useless nor null, it's helpful and valuable. Instead of focusing negativity, let ourselves learn how to value and appreciate things around, because these little things matter and will bring us to bigger opportunities. 
You said in seven point that btc isn't store of value, but let me ask, how did you think dollar got its own value? How did other currencies got it also? Every time its the same way
Discussions about bitcoin have been going on for years ever since bitcoin appeared. And opinions are completely opposite. But everyone has their own view on things. If someone thinks that bitcoin is useless then forget it and find your useful occupation. You don't even have to talk about it.If bitcoin were useless it wouldn't be used by so many people. And he would have long ceased to exist.Bitcoin is a strong project It has the ability to replace the real currency.Perhaps now there are some hidden ways to resolve the cryptocurrency.It gives a lot of people financial independence. Isn't that useful?
Bitcoin is power of crypto if Bitcoin is useless then every thing in crypto is also worthless. Bitcoin is changing lives and soon all problems will be solved as lightning network is coming soon.
Bitcoin is not useless, bitcoin can change a life really well, bitcoin is a life changer for everyone who trust bitcoin, bitcoin is the best cryptocurrency and among the rest of crypto bitcoin has a very good future and bitcoin can also be the future of the world so for me bitcoin is not useless. We respect your own point-of-view. However, it seems to me that you only focused on the disadvantages of bitcoin and didn't put into consideration the advantages of bitcoin itself. Only considering the advantages far outweighs the disadvantages you have focused on in my opinion.
I can just guess, but it seems to me that the author of this post was exactly that unlucky trader or investor, who lost a lot of money buying BTC and selling it too early.
Bitcoins are not befooling people. they are already fool to accept btc as their way of earnings
I don't think any of the cryptocurrency can replace bitcoin as of now non of replaced it yet. if it was useless than it may not have been so popular and costly as compared to other crypto currency.
Not everyone agree with your mind about bitcoin, its now still favor as one of the best investment in future to make easy profit
To this day it may be said that BTC is useless, their prices are falling, and they have made many people lose capital in just a few days. I think the BTC is no longer a hot market. They are dangerous if you do not know how to invest. You do not have the experience I recommend to give up the BTC now.
I am amazed with number of people being fooled with BTC:
1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
9. Bitcoin has a limited supply, but it does not help much. Bitcoin has a code that can be amended and its enough of small group of people to work together to support that. Question really is: do someone need that hassle? No really. Bitcoin has satoshis, that currently meaningless and just nice numbers after dot, but this a very well painless way to inflate any crypto currency and its up to liquidity providers. Again it falls to point #5 and #6. Added on 24/01/2018
Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.
Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.
BTC is scam of the century, stay away.
UPDATE 12/02/2018:
As this forum full of bots, I will emphasize one question from the user:
Hope to get constructive answers.
UPDATE 11/02/2018:
One by one, it becomes recognizable that Bitcoin at this stage is very useless. DarkNet, is the one who started one, and the one who will make a dump: https://cointelegraph.com/news/is-darknet-done-with-bitcoin
This is a very worried signal
UPDATE 30/01/2018:
Bitcointalk, and many other crypto related forums are heavily manipulated by bots, the amount of useless posts and conversation is just crazy. Even look at this thread, so much messages about "it will make me reach", "it growing", "I am going to be wealthy" so much manipulation, only in ponzi game this possible. It proves just on how bitcoin is useless, because 90% of people just copy paste message from bots, even not knowing basic fundamentals.
UPDATE 29/01/2018:
Few points were made here that are unfair:
1. Bitcoin is a first one, its revolutionary and so on and so forth, wrong, Bitcoin is a client that is build on top of practices that were developed and test long time before Bitcoin e.g. Proof of Work, Hashcash, eCash, bit gold, Merkle Tree, Peer-to-Peer,Byzantine fault tolerance etc.
2. Bitcoin is still in development and it needs a time and so on and so forth, really? its a 10 years old technology. Its usage is very easy predictable, no rocket science here. Scailibility problems were addressed long time ago. But like in every corrupted government, Bitcoin has biased devs, greedy miners and exchanges driven by capitalists. Why to care about tech? When everyone is just become wealthy on nothing. This is why its scam and this is how it become useless, because everyone only cares about price, not utility on day-to-day basis. Typical ponzi game.
3. Bitcoin is store of value, fake as is. Everything that has Blockchain underneath is store of value, Bitcoin is neither exception nor unique here. And again it has no value, because there is no utility. Remove exchanges from equation, and tell me how much BTC will be worth 1 pizza?
UPDATE 24/01/2018:
Everyone is amazed of why I called it useless, well, recently Stripe dropped support for Bitcoin payments. This is the prove of Bitcoin being useless. Stripe was not the only one in recent months to do so. It should ring a bell.
UPDATE 23/01/2018:
useless, guys the fact that some of you become reach and wealthy does not make Bitcoin useful. You wealth does not come from values that are used in propaganda.
1. Why I am still here? I believe there are technologies that are better maintained and lead than BTC, I prefer put money in something that bring value, has use-case and been used.
2. LN is panacea! Well not, so far its more dream than reality, no doubt it will be delivered in one or other way, but it will not solve all problems and so far it has more questions than answers.
1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
9. Bitcoin has a limited supply, but it does not help much. Bitcoin has a code that can be amended and its enough of small group of people to work together to support that. Question really is: do someone need that hassle? No really. Bitcoin has satoshis, that currently meaningless and just nice numbers after dot, but this a very well painless way to inflate any crypto currency and its up to liquidity providers. Again it falls to point #5 and #6. Added on 24/01/2018
Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.
Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.
BTC is scam of the century, stay away.
UPDATE 12/02/2018:
As this forum full of bots, I will emphasize one question from the user:
Ok, for all of you that insist that Bitcoin is not useless, tell me!
Please don't tell me what it could be used for or how other people might use it. I want to know how you use it. Also, please don't tell me about trading or hodling. Those are not uses.
What do you use Bitcoin for?
Please don't tell me what it could be used for or how other people might use it. I want to know how you use it. Also, please don't tell me about trading or hodling. Those are not uses.
Hope to get constructive answers.
UPDATE 11/02/2018:
One by one, it becomes recognizable that Bitcoin at this stage is very useless. DarkNet, is the one who started one, and the one who will make a dump: https://cointelegraph.com/news/is-darknet-done-with-bitcoin
This is a very worried signal
UPDATE 30/01/2018:
Bitcointalk, and many other crypto related forums are heavily manipulated by bots, the amount of useless posts and conversation is just crazy. Even look at this thread, so much messages about "it will make me reach", "it growing", "I am going to be wealthy" so much manipulation, only in ponzi game this possible. It proves just on how bitcoin is useless, because 90% of people just copy paste message from bots, even not knowing basic fundamentals.
UPDATE 29/01/2018:
Few points were made here that are unfair:
1. Bitcoin is a first one, its revolutionary and so on and so forth, wrong, Bitcoin is a client that is build on top of practices that were developed and test long time before Bitcoin e.g. Proof of Work, Hashcash, eCash, bit gold, Merkle Tree, Peer-to-Peer,Byzantine fault tolerance etc.
2. Bitcoin is still in development and it needs a time and so on and so forth, really? its a 10 years old technology. Its usage is very easy predictable, no rocket science here. Scailibility problems were addressed long time ago. But like in every corrupted government, Bitcoin has biased devs, greedy miners and exchanges driven by capitalists. Why to care about tech? When everyone is just become wealthy on nothing. This is why its scam and this is how it become useless, because everyone only cares about price, not utility on day-to-day basis. Typical ponzi game.
3. Bitcoin is store of value, fake as is. Everything that has Blockchain underneath is store of value, Bitcoin is neither exception nor unique here. And again it has no value, because there is no utility. Remove exchanges from equation, and tell me how much BTC will be worth 1 pizza?
UPDATE 24/01/2018:
Everyone is amazed of why I called it useless, well, recently Stripe dropped support for Bitcoin payments. This is the prove of Bitcoin being useless. Stripe was not the only one in recent months to do so. It should ring a bell.
UPDATE 23/01/2018:
useless, guys the fact that some of you become reach and wealthy does not make Bitcoin useful. You wealth does not come from values that are used in propaganda.
1. Why I am still here? I believe there are technologies that are better maintained and lead than BTC, I prefer put money in something that bring value, has use-case and been used.
2. LN is panacea! Well not, so far its more dream than reality, no doubt it will be delivered in one or other way, but it will not solve all problems and so far it has more questions than answers.
You can say whatever you want sir and we respect that. In contrast of your statement, many people have gained a lot in bitcoin. Bitcoin gives the entire crypto world the worth it has right now. Many has proven that you can really earn from bitcoin but since you have provided your reason, we are going to respect it.
Bitcoin is power of crypto if Bitcoin is useless then every thing in crypto is also worthless. Bitcoin is changing lives and soon all problems will be solved as lightning network is coming soon.
Although some of your points are valid but it will not be right to say bitcoin useless dude..in this world you can find negative things in any thing and it’s same with bitcoin but you gotta see what positives has bitcoin provided.. also for faster transactions you can use other coins in the market as well which are also created by the influence of bitcoin
Everyone has their own opinion. At the moment, there are still problems to be solved, as in any new technology. But they will be solved soon.
I'm not agree with that bitcoin is not useless for me because it really helps me the way I need a money to add as a additional source of my income to pay things and bills and here in my country it is a big support to like as and I am not a person with a better job right now that's why it is better to me to stick to bitcoin for a better porpuse to take my advantage to my problem so I dont make my self so depressed on thinking of it.
I do not know if they're really useful, but I'd really like to have some.
If then I'll discover that they are useless, that's it ...
If then I'll discover that they are useless, that's it ...
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