Topic: Bitcoin is useless - page 20. (Read 3669 times)
Nop, somehow bitcoin generates good profit margin to investors, Without btc, alt-coins will never evolve in digital world, Bitcoins has also advantages in real world, It is very efficient to use and a good source of income:)
If you now said bcash is the real thing, and that it's the only crypto that could be used as a payment system or a currency, I would say you are working for Roger Ver. As a Sr. Member you should be here for a while, so you had enough time to make some research about crypto and bitcoin, but you are either going to the wrong sources, or you didn't understand anything you've read.
You are entitled to your opinion, but you are wrong in most of the aspects of your analysis.
You say it has no value or use, but lets compare it to fiat. Fiat might have an enormous amount of liquidity, is backed by governments and it's well established worldwide. It's our traditional financial system but although it might seem stable, we do see come big crises now and then, simply because people can just borrow money from banks, and since there is no max supply, there is the risk of hyperinflation, and it does happen. Just look to Venezuela now. This happens because our financial system is broken, but we don't really have an option.
Bitcoin on the other hand, has a limit supply, just like gold, but it's easier to use, it's much more secure than fiat and can't be forfeit (and you don't need banks to verify this for you), and isn’t confined by borders of countries. Bitcoin is is independent, robust and most importantly, decentralized. It's price can't be influenced by banks or govern politics, and this makes it much more reliable than fiat.
You are correct about fees and txs taking a while to confirm, but this is where your research is probably failing you. The lighting network has the potencial to solve these issues, and it's close. A lot of users are testing it on the main net, and we even have universities that are committed to put the LN to the test, so we will see it soon, and right now things looks promising.
https://bitcointalksearch.org/topic/m.28574299
As soon as everything is up and running, we will see more stores using it, adoption will grow, BTC will get more stable, and it will not just be used for payments, it will actually have the potencial to replace fiat.
Maybe we will never see all this happening, but it has the potencial for that, and you can't deny it.
You are entitled to your opinion, but you are wrong in most of the aspects of your analysis.
You say it has no value or use, but lets compare it to fiat. Fiat might have an enormous amount of liquidity, is backed by governments and it's well established worldwide. It's our traditional financial system but although it might seem stable, we do see come big crises now and then, simply because people can just borrow money from banks, and since there is no max supply, there is the risk of hyperinflation, and it does happen. Just look to Venezuela now. This happens because our financial system is broken, but we don't really have an option.
Bitcoin on the other hand, has a limit supply, just like gold, but it's easier to use, it's much more secure than fiat and can't be forfeit (and you don't need banks to verify this for you), and isn’t confined by borders of countries. Bitcoin is is independent, robust and most importantly, decentralized. It's price can't be influenced by banks or govern politics, and this makes it much more reliable than fiat.
You are correct about fees and txs taking a while to confirm, but this is where your research is probably failing you. The lighting network has the potencial to solve these issues, and it's close. A lot of users are testing it on the main net, and we even have universities that are committed to put the LN to the test, so we will see it soon, and right now things looks promising.
https://bitcointalksearch.org/topic/m.28574299
As soon as everything is up and running, we will see more stores using it, adoption will grow, BTC will get more stable, and it will not just be used for payments, it will actually have the potencial to replace fiat.
Maybe we will never see all this happening, but it has the potencial for that, and you can't deny it.
Well I didn't read the whole thread but I read the first and last page. By far this is the best answer given.
I think the OP of this thread must work for a bank or something and sees how much utility that Bitcoins (i.e. cryptocurrencies) has for the common people. Now he must try and do whatever possible to try and derail the movement and technology that will reshape the future of transaction and trust.
It is about us controlling our own economy. Why put our financial trust in a entity that has and will always have corruption? Governments and Banking. The USD will collapse. It has inflated enormously over the last 50 years and I hate to think of what it will be worth in another 50 years. Although you will probably be able to afford a loaf of bread with a trillion dollar bill. Our financial system is completely broken and fat cats at bank and government heads only want to keep lining their pockets instead of empowering people to think and act for themselves. They print off bills faster than we can spend them. If you think that it can continue this way then you are in for a rude awakening.
I am not saying that Bitcoin is the be all and end all for that problem. But the blockchain technology coupled with a highly adopted cryptocurrency can solve so many financial problems that the world as a global population faces in current economic times. I mean what will the world look like if money isn't an issue anymore. It is all about transacting for goods and services, however that transaction may take place. I have no doubt the fiat will be replace eventually. Just hope that the OP understands how things work when that time comes and he doesn't get stuck. Oh yeah and who cares if some people become millionaires in the process. That is what early adopters should get. They should be rewarded for leading the way. We still have some time to grow and this tech and still in its infancy. Only time will tell. But I am all for something that can rid me of middlemen getting their grubby fingers in every little aspect of every little transaction. If I want to go buy a pizza I should be able to send money straight to the provider. No one else needs a piece of our pie!
A lot of people get rich because of bitcoin & I personally like bitcoin.so I don't agree with you.
Never , Bitcoin will never become the useless, Because the bitcoin have a lot of its trusty user. The user of the bitcoin trust in bitcoin and believe that this way is very good for them. The bitcoin value is the key for the generating income with bitcoin even the value of the bitcoin may hit the 1k$.
I think this post of yours about Bitcoin is somehow controversial.
Bitcoin is still and will ever remain the back bone of CRYTOCURRENCY.
Bitcoin will never be useless because it still has its value. I'm sure that the value of bitcoin will last for a long time because it is the king of Cryptocurrency. Many are becoming rich and wealthy because of bitcoin. It is useful and will never be useless. Bitcoin is still and will ever remain the back bone of CRYTOCURRENCY.
I think it is not hundred percent true because it has very much good reputation though it has some disadvantage like almost everything has. Sometimes its transaction times remains longer and have to pay some extra fees but it can help to change your life because it is the only one coin which gives you much more benefits and facilities than other and you can be a big fish at online marketplace if your luck shines.
It is very much useful at this present time and will be at future. Just you have to care about to use it because you can face with a big loss if you misuse it and that is not fault of this coin.
Bitcoin is useless for all the people who does not want change to enter their life, yes we all want change but once an opportunity already knocking our door then we are doubting it and doesn't even give chance to know what is real about it just like cryptocurrencies, so if for them bitcoin is useless then they are missing one thing that could lead them to success. It is very much useful at this present time and will be at future. Just you have to care about to use it because you can face with a big loss if you misuse it and that is not fault of this coin.
I think it is not hundred percent true because it has very much good reputation though it has some disadvantage like almost everything has. Sometimes its transaction times remains longer and have to pay some extra fees but it can help to change your life because it is the only one coin which gives you much more benefits and facilities than other and you can be a big fish at online marketplace if your luck shines.
It is very much useful at this present time and will be at future. Just you have to care about to use it because you can face with a big loss if you misuse it and that is not fault of this coin.
It is very much useful at this present time and will be at future. Just you have to care about to use it because you can face with a big loss if you misuse it and that is not fault of this coin.
based on my opinion i think bitcoins is not useless in community because all people know how this website its help for our life. and if it not useless why? people enjoys the bitcoins.that way it is not useless to us..
For me personally, the main obstacle in my trading is the high transaction fee to be paid, and my trading plan becomes chaotic. Currently I'm lazy to run trading in bitcoin, and move it to investment while waiting for prices to change, hopefully the price will rise, Amen.
Where is trading at high cost? As far as I know the trading fee is not more than 0.05% and this is very reasonable. maybe you mean is the exchange of bitcoin to fiat and this usually cost 1% plus other cost.
For me personally, the main obstacle in my trading is the high transaction fee to be paid, and my trading plan becomes chaotic. Currently I'm lazy to run trading in bitcoin, and move it to investment while waiting for prices to change, hopefully the price will rise, Amen.
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 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.
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 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 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.
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 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.
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 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 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.
All people have their own opinion like you and we just need to respect it whatever you express your feeling in a good way, any way even if it has a negative result of Bitcoin Situation now but I stick for it. I think during the time bitcoin is in a good value many people had benefits the big profit. i'm sure
Bitcoin isn't useless. And if it is useless why are you using bitcoin and why are you here?
Some of us is depending only in bitcoin because of its value. Bitcoins have ups ad downs but it is surely worthy for us.
Some of us is depending only in bitcoin because of its value. Bitcoins have ups ad downs but it is surely worthy for us.
Bitcoin is not useless or worthless. Do you know that 100,000 + of stores in Japan that are accepting bitcoins as payment? Do you still think that the bitcoin is worthless? Bitcoin wilk change the current economic system.
You cannot address bitcoin as a useless thing because it has been proven that it was able to help people, teach all of the users to manage, invest and trust this kind of transaction. Btc should not be considered useless since it is a helpful thing in the industry and economy.
We all have different views in everything specially in bitcoin and i respect your opinion. But for me bitcoin is not useless in fact it helps a lot of peoole make lives better. Heard about an inspiring story of my classmate with regards to his bitcoin experience that makes me encourage to do bitcoin too. How his life changes and even quitted his job just to focus bitcoin and now he is getting what he want in his life.
Exactly bitcoin is not useless sir eveyone proves that it really helps them in their deprivation before true it is very risky,unbeleivable but it is ok everyone go through that to commit there stunning victory.
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 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.
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 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 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.
if bitcoin is useless what comes you here?and i am sure that your still holding bitcoin in your portfolio so dont be like that because theres no need too.lets just hold and wait for the rising of the market.this bleeding took so long now 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 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.
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 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 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.
Bitcoin is useless for those people who don't know how this market works and what they should do with btc and others c currencies.
Bitcoin is useless to those who dont have idea about bitcoin and to those who dont get any profit from it.Many people earn money from bitcoin how it become useless.there are ups and downs but it is profitable.
Really ? If it is useless, why do you waste your precious time here spreading FUD ? The market will decide if it is useless, not from a clueless/uneducated person like yourself.
The price is indicative of value, not utility. The market isn't currently deciding it's useful so much as deciding it's valuable, and the value assessment is being derived purely from speculation and neophytes chasing get-rich-quick schemes. In this respect, it's value proposition is wildly skewed and irrational, or what economists call a "bubble."
The price of bitcoin is reduce further due to some panic seller.So use this and don't hesitate to a bitcoin at low price.There is nothing to get panic in this.This is just a fluctuation which use to happen in bitcoin.Now the value is reduced to 8100$,use to by at low price.
I do wish bitcoin to advance in its technology, seeing its dominance % and u can see the truth - its importance is decreasing, due to its "usefulness".
else it will become a history really soon
else it will become a history really soon
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