Topic: Bitcoin is useless - page 26. (Read 3645 times)

Bitcoin is useless if you dont know what it is and how to use and earn it.If you are ignorant about bitcoin so it might be useless but to those people who earn bitcoim for good like me really find it very usefull at all.It really helps alot with regards to our financial problems and also it is really good for long term investment as well.

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.

Maybe your right but..
If we dont take the risk we will not know the answer.
For me bitcoin is very useful thing it will help your financial problem. Just believe and have a patience.

Bitcoin is useless.. No its not. That's not really true because if that's true bitcoin will not grow as big as  we are now:-)
It helps a lot of people .I change a lot of people lives . so how come its useless. For me its a big no.

Bitcoin is very useful although bitcoin prices are now declining ..

Bitcoin is useful and very profitable in cripto money exchange in digital money market.

I think you are a person who is collecting coin bitcoin money, why would you collect btc money if btc money is useless.

So this is proof that bitcoin is very useful for all people because it can be exchanged with other cripto coin with a price that matches the money that exists in our country.

Despite the current price of cripto money, not only bitcoin which decreased the price of other coins are also still in a state of down value of the purchase price of coin cripto.

Some bang in my country is still useful cripto money exchange.

So bitcoin is very useful and can be used to exchange cash assets cripto.

Bitcoin has changed many things and it's a new innovative idea and it is working right now. We cannot say it useless. But yes there are many things to resolve in it. But it has changed the way. And showed us a new path to work on.

Then quit ! If you think that bitcoin is useless . For me bitcoinis very important and what did you say again? It takes hour to transact? Lol are you kidding? This bitcoin is the best and fastes way to transact your money into someone just be patient sometimes.

If you are claiming bitcoin as useless coin in term of spending it in order to have different sort of things, then for now you may be right. But in reality, bitcoin is not at all useless as there is a huge number of people who are busy in changing their lives and that too only because of bitcoin. Bitcoin is the next big thing this world will going to see and it will make wonders to this world. We just need to wait and watch.

what? no its not. bitcoin cannot be a useless because there is so many people who been really rich because of bitcoin so what is your problem with it and what a trash question.