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Topic: Bitcoin is useless - page 22. (Read 3669 times)

newbie
Activity: 85
Merit: 0
February 03, 2018, 08:28:53 AM
I think no for me. Bitcoin is useful for me and this help me to earn money. For me bitcoin is very useful but if you using bitcoin you need take time and wait for it for your transaction and other you do. Wait for it
newbie
Activity: 46
Merit: 0
February 03, 2018, 08:25:37 AM
which person is telling BTC is useless those people really dont know under value it and they want to destroy the market every time,those people need to do the things there doing, any field mislead people any where we can find.
member
Activity: 245
Merit: 11
Staker.network - POS Smart Contract ETH Token
February 03, 2018, 08:19:49 AM
Bitcoin will never become useless, because it plays a different role from other cryptos, and as of now its popularity is increasing in any part of the world. Bitcoin can be use in transaction and exchange of a works
 and this process make the Bitcoin more stronger.
full member
Activity: 265
Merit: 100
February 03, 2018, 08:05:01 AM
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.
For this thing I respect your own opinion,perspective in our life we all have that. Let's be realistic theres always a pro and cons and if thats what you think about bitcoin then no problem it's your choose anyway. But for me there's nothing wrong with bitcoin policies I think it's fair and I'm very thankful because of it's existence.
hero member
Activity: 644
Merit: 500
February 03, 2018, 07:00:45 AM
In your statement above we know that bitcoin has a lot of issues. Just like the transacations fees cost is expensive, transactions takes long, and not accepted yet in any countries. But I disagree to your point that bitcoin is scam and useless, when you check the feedback about bitcoin from many users it has helping a lot. At some point bitcoin has indeed very useful to many so we can also make some research about bitcoin pros and cons.
Either he hates Bitcoin or does not understand it at all. Nobody can deny the fact that Bitcoin is a life changer. Those people amaze me the most who call Bitcoin as a Ponzischeme or a fraud. If this was true then why do we see people becoming rich and financially stable by investing in this coin? Also theses FUDs and FOMOs are getting on my nerves now. Whenever there is a downfall, a huge wave of bad news appears in the digital world.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
February 03, 2018, 06:50:48 AM
You come up with all this issues regarding bitcoin, transaction fees, delays and all that, you forget to mention that Bitcoin has helped the cryptocurrency market in so many ways, and even still helping, it can be used to get any alt coins of your choice, something ethereum cant even do for some coins, yes Bitcoin has flaws, but thats no reason to call it useless, Hodlers of bitcoin ( I mean real hodlers ) wont even complain about such fees like that, because i think BTC has done more good in terms of profit, than most alt currencies could ever achieve. So please get your facts right

Bitcoin was the cryptocurrency market, and it's success spawned all the altcoins. Some alts have legitimately made improvements over Bitcoin as far as speed, cost, anonymity and scalability goes, but there's no doubt that the majority of alts are pointless garbage coins. They're not serving a market purpose but they're good for scammers and gamblers to pump and dump. But the fact also remains that Bitcoin's weaknesses provide a market for the legitimate alts to exist. People not complaining about transaction fees are clearly not using the coin for transactions, and it's much less interesting as an asset than a currency.

This is debatable even if most alts are outright garbage

Just in case, this is the point which I agree with. The point which I don't agree with is that they are not serving a market purpose. In fact, they are serving a very important purpose or end if you please. It can be claimed that they are contributing to the redistribution of wealth, something like natural selection unleashed in financial markets. Everyone is free to invest in anything they please, and if you aren't sure, just keep your money in a bank deposit or even in a deposit box in a bank. But if you are, this is your choice, and you are the one to face the consequences of the choices you make. Isn't this what laissez-faire economics stands for?
full member
Activity: 238
Merit: 100
February 03, 2018, 06:35:03 AM
I personal like Bitcoin. If you think Bitcoin is not right for you. There are other alternative coins out there with cheap transaction fee.
me too i really like bitcoin and its not useless because bitcoin can change a life by means of financial, it cant be useless if only you know things on it and if you know all the knowledges for you to change your mind that bitcoin is not useless, they think bitcoin is useless because they dont know what was bitcoin and what bitcoin can give.
sr. member
Activity: 742
Merit: 253
February 03, 2018, 06:28:36 AM
The most of people are in bitcoin not because of the reasons you listed but just for trading. It has a big difference who is investing because he trust the tech behind bitcoin and who is investing because he hopes someday the price will rise and he will have more money.
clear. everyone is in bitcoin just to pursue profits that they may be able to rake without having to go through complicated stages. but that is only for those who have big funds. because without having funds is just useless. unless they pursue earnings through campaigns and the like. and it all concludes that bitcoin is the largest income farm
full member
Activity: 364
Merit: 100
February 03, 2018, 06:10:16 AM
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.
you have a point, there are things that are not good in bitcoin.Bitcoin is not perfect but that does not mean that it is an utterly useless thing. Keep in mind that many people have benefited from bitcoin,many people will still say that it is useless but I do not care because I will still get paid even if they say it is useless. It is useless?  then do not use it,go for altcoins instead. You even have the time to write this long message to say its useless. Well, it depends on the person but I personally think bitcoin is beneficial.
hero member
Activity: 854
Merit: 501
February 03, 2018, 05:32:16 AM
We cannot say Bitcoin is useless ,bitcoin was first cryptocurrency and secured one as well.yup it is currently facing Transaction fee and speed problem but if miner accept lighting network proposal then it will be quite good for community.as we are progressing with blockchain technology new algo and better tech is evolving but we cant deny Bitcoin still is king.
At this time only those can say bitcoin is useless which are unable to buy it, because if a person cannot afford that thing he thinks it is useless but the true value of bitcoin can be measured by the success of its investor all are progressing gaining more and more daily and now whole world Is seeing bitcoin in amazing way that somehow invest into it and it will make your days pleasurable and this fact is absolutely true.
jr. member
Activity: 112
Merit: 2
February 02, 2018, 09:07:27 PM
The most of people are in bitcoin not because of the reasons you listed but just for trading. It has a big difference who is investing because he trust the tech behind bitcoin and who is investing because he hopes someday the price will rise and he will have more money.
newbie
Activity: 66
Merit: 0
February 02, 2018, 08:58:34 PM
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.
member
Activity: 207
Merit: 10
February 02, 2018, 08:55:48 PM
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.
no bitcoin is not useless because bitcoin is help poor people it is helpful to poor humans....... being to help And bitcoin is very very important bitcoin is a lot support and bitcoin is useful and thank you for bitcoin.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
February 02, 2018, 08:45:51 PM
Not true, the bitcoin is not useless. Bitcoin is a great help for us who work in this trade. Bitcoin is a study that must overcome so how they could say that bitcoin is useless. Today the bitcoin is very helpful in our society because it's open furom, freely express your thoughts. So the bitcoin is important today and for the next season.

Those who think that bitcoin is useless are those people who are late getting into the market. They wanted to ride the wave, unfortunately they are late that's why they think that its not worth it. Bitcoin has really help a lot of us here, no doubt about that. From a simple signature which we are being paid for our work, to trading, which gives us lots of opportunity to earn huge money if we all know the ins and outs of it.

I also disagree with the subject, its only useless if you don't benefited from it, but bitcoin has really help a lot of people here in the community specially gaining financial freedom.
In some point, they are right for saying that bitcoin is useless, i am not a bitcoin hater. I am just a bitcoin user who realizes everything that it is not good 'as of now' and it is currently 'useless'. I said it is useless because the transaction time takes a lot of hours compare to the minutes from the past few years, if bitcoin will not get into the normal state where the fee and the speed of transaction is fine then it will be just useless for more years.
newbie
Activity: 139
Merit: 0
February 02, 2018, 07:50:20 PM
For now, I think the best use for Bitcoin is just investing instead of transferring funds because of its fees and tat for confirmations.
For me bitcoin is not useless why i would say this because it helps me a lot, eventhough im not starting earning from this but in return i know it helps me a lot i saw it for those who started earning from this bitcoin made a big help for them specially for their daily needs....
legendary
Activity: 2576
Merit: 1655
February 02, 2018, 06:22:20 PM
Not true, the bitcoin is not useless. Bitcoin is a great help for us who work in this trade. Bitcoin is a study that must overcome so how they could say that bitcoin is useless. Today the bitcoin is very helpful in our society because it's open furom, freely express your thoughts. So the bitcoin is important today and for the next season.

Those who think that bitcoin is useless are those people who are late getting into the market. They wanted to ride the wave, unfortunately they are late that's why they think that its not worth it. Bitcoin has really help a lot of us here, no doubt about that. From a simple signature which we are being paid for our work, to trading, which gives us lots of opportunity to earn huge money if we all know the ins and outs of it.

I also disagree with the subject, its only useless if you don't benefited from it, but bitcoin has really help a lot of people here in the community specially gaining financial freedom.
sr. member
Activity: 1037
Merit: 253
February 02, 2018, 06:14:36 PM
You come up with all this issues regarding bitcoin, transaction fees, delays and all that, you forget to mention that Bitcoin has helped the cryptocurrency market in so many ways, and even still helping, it can be used to get any alt coins of your choice, something ethereum cant even do for some coins, yes Bitcoin has flaws, but thats no reason to call it useless, Hodlers of bitcoin ( I mean real hodlers ) wont even complain about such fees like that, because i think BTC has done more good in terms of profit, than most alt currencies could ever achieve. So please get your facts right

Bitcoin was the cryptocurrency market, and it's success spawned all the altcoins. Some alts have legitimately made improvements over Bitcoin as far as speed, cost, anonymity and scalability goes, but there's no doubt that the majority of alts are pointless garbage coins. They're not serving a market purpose but they're good for scammers and gamblers to pump and dump. But the fact also remains that Bitcoin's weaknesses provide a market for the legitimate alts to exist. People not complaining about transaction fees are clearly not using the coin for transactions, and it's much less interesting as an asset than a currency.

Very well observed, nice to see personality through pages of bots spam
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
February 02, 2018, 12:24:23 PM
You come up with all this issues regarding bitcoin, transaction fees, delays and all that, you forget to mention that Bitcoin has helped the cryptocurrency market in so many ways, and even still helping, it can be used to get any alt coins of your choice, something ethereum cant even do for some coins, yes Bitcoin has flaws, but thats no reason to call it useless, Hodlers of bitcoin ( I mean real hodlers ) wont even complain about such fees like that, because i think BTC has done more good in terms of profit, than most alt currencies could ever achieve. So please get your facts right

Bitcoin was the cryptocurrency market, and it's success spawned all the altcoins. Some alts have legitimately made improvements over Bitcoin as far as speed, cost, anonymity and scalability goes, but there's no doubt that the majority of alts are pointless garbage coins. They're not serving a market purpose but they're good for scammers and gamblers to pump and dump. But the fact also remains that Bitcoin's weaknesses provide a market for the legitimate alts to exist. People not complaining about transaction fees are clearly not using the coin for transactions, and it's much less interesting as an asset than a currency.
sr. member
Activity: 1037
Merit: 253
February 02, 2018, 05:55:37 AM
60%-70% loss of so called store of value in less than 1 month
sr. member
Activity: 728
Merit: 263
February 02, 2018, 02:02:31 AM
I am not with you on this issue, I think Bitcoin is becoming a useful thing in the current context, A lot of online platforms have accepted Bitcoin as a payment method, not only that but also Bitcoin has got involved in trading and investment purpose. so that Bitcoin must be a useful tool for the different type of activities.
From my own life, I would like to say that Bitcoin has brought to me a lot of income opportunities through Trading and investment. that's Personally I think Bitcoin is a useful currency and it will dominate in the future world.

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