Bitcoin is useless - page 29. | Bitcointalksearch.org

Hopeful2017

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Activity: 238

Merit: 10

Greentoken-invest in ecology

Quote from: vsyc on January 23, 2018, 07:21:46 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.

You have your own ideas about bitcoin and I respect that. For me, bitcoin is not useless though some of your statements are applicable to me. But generally, bitcoin helps me a lot because I have patience and hard work in doing bitcoin. I am positive enough that Bitcoin is giving me a good source of income and everything I need. If you see Bitcoin in that way, then you will be really discouraged. But if you look at it as a beneficial and advantageous, then you will encourage to do it.

chizcake

newbie

Activity: 72

Merit: 0

Quote from: ?? on ??

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.

Yes I agree with you Sir.Bitcoin is not useless if you know how to use it and it really helps alot of people with regards to their financial problem.You can rely in bitcoin that is why many people invest on it because they find it very useful and it is really good for long term investment so for me bitcoin is not useless and it never will.

ross09

full member

Activity: 202

Merit: 102

Quote from: BigTerror87 on January 23, 2018, 08:20:00 AM

LOL. This problems you have pointed is just being ignored by its users. You know why? Because it has been very profitable, of course RISK will always be there, but it is nothing compared to the price you can get.

Big NO bitcoin is very useful if you really a believer in it and you are not joining here just to earn money and everything but yes I know that the thing that comes to your mind in joining or starting bitcoin is to earn money (and I am guilty of that too) but what I am saying here is that bitcoin is gonna be useless to you if you do not put any dedication effort at time to learn how is it gonna be useful in your life . one thing is a problem to us people sometimes is if we earn today we are ok but if something disappoints us that's the end of everything.

ggg123

sr. member

Activity: 375

Merit: 250

Well, in some points you’re right, and many people are aware... but I refuse to think btc is useless. I find btc very reliable, so I always hold half of my investment there.

creeps

full member

Activity: 742

Merit: 144

Bitcoin becomes useless if you own nothing, people who appreciate bitcoin are those who experienced great thing with this. Yes there's a problem about the fees or the speed of transaction but we must appreciate every improvements on bitcoin because cryptocurrency is not perfect yet and every coins incur problems. Bitcoin will help us move to a brighter future, so better to believe on this.

Dondon1234

full member

Activity: 194

Merit: 100

Bitcoin will never become a useless, many transaction bitcoin is the number 1 used, and thats why bitcoin never become a useless, try to understand everything in crypto.

groko271

hero member

Activity: 790

Merit: 505

the truth is somewhere in the middle.

It did piss me off when i made an online payment ($60usd) last week in btc, "please send xxx bitcoin to this address, you have 1 hour to complete the transaction"............ well the transaction took 1.5days to confirm once, resulting in me having to chase the provider with proof of payment. The final result was that all was sorted out 4 days later. BTC really needs to get its shit together asap.

Cryptomagnus

jr. member

Activity: 150

Merit: 2

Actually, at present bitcoin has still a lot of unresolved issues, so what are you saying is in good part true.
But you can consider bitcoin as an asset to invest in and to make big profits, in the meanwhile these issues will be solved.

kevin go

full member

Activity: 238

Merit: 100

Bitcoin is useless? Why & how? Bitcoin is the first decentralized currency introduced to the world. Its autonomous nature making it more and more popular. It rising price attracting investors from all classes. But due to high volatility, limited supply, more transaction time and more transaction charges, use of bitcoin`s in illegal activities making it less popular among new and existing investors. If bitcoin community is not going take a note of this then in future bitcoin`s popularity many go on diminishing. If any new currency get introduced with more sophisticated features then bitcoin will really become useless.

jbarcenas18

jr. member

Activity: 196

Merit: 1

no! bitcoin will never be useless, but this help a lot especially for those people who are not employed, this can be their source of income.

katiecbell

hero member

Activity: 644

Merit: 500

Quote from: nikifffor on January 26, 2018, 10:15:21 AM

I agree with every word of the author! Its value is only for speculative purposes. In a couple of years, everyone will understand that the ether is much more valuable and capitalization will show the truth.

The only thing I can say is that the op is hitting some good points, but that doesn’t make Bitcoin useless. If you think Bitcoin is useless, then it is best for you to quit than disturb others who are still interested. I’m not trying to say that we shouldn’t remind ourselves of disadvantages, but this is an investment that we are into, if you’re going to see it as something different, then you’re making a mistake.

Electro_wiz

jr. member

Activity: 73

Merit: 1

The revolutionary trading ecosystem

it is completely wrong. btc is the digital currency. many people benefit by it.people can rich very quickly by btc......it is the best opportunities for doing business. So it is not right to say that btc is unless......!!

cryptoaxo

newbie

Activity: 6

Merit: 0

As per my understanding Bitcoin is just small part of blockchain technology as a whole (like email vs Internet) Whatever goes with BTC blockchain will be a disruptive technology in the future.

Renampun

sr. member

Activity: 2338

Merit: 365

Catalog Websites

For you Bitcoin is useless, but for me and others it is not,
Bitcoin is like a paved the way for a revolution in the financial world,
just enjoy slower transactions, higher fees because you surely get more profit.

Jeremiesaranza

full member

Activity: 252

Merit: 101

EMMARES – Email as you know it, will never be the

Quote from: vsyc on January 23, 2018, 07:21:46 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.

No bitcoin is not useless it's very much helpful in Amy state it gives you and help for your upcoming future in life

biskitop

full member

Activity: 686

Merit: 104

I am interested in point number 6, if the btc price is worth just a slice of pizza, I do not think there will be anyone else looking for btc. Btc will completely disappear.

Justin-Checqit

copper member

Activity: 8

Merit: 21

I think calling it useless is going a bit far, since obviously the lightning network should bring a fix to some of these problems for the retailers. Of course, this'll remain unchanged on the exchanges, Andreas Antonopoulos himself has confirmed this, so the problem remains of fees or transaction times remain in some places.

We've seen bitcoin's market dominance go from the likes of 60% to 30-35% currently, wihle this is because of the other very competitive cryptocurrency projects that are out there and being pushed to crowds of cryptoenthusiasts through bounties and all sort of marketing means, adding on top of that bitcoin cash which is also being heavily promoted, another reason for bitcoin's demise is the lack of communication coming from the development team

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: bitllionaire on January 26, 2018, 07:38:52 PM

Quote from: Ronaldcoin2017 on January 26, 2018, 06:12:19 PM

Quote from: Lupus Solitarius on January 26, 2018, 04:38:50 PM

Well, you can't judge a technology that it's still in construction: any big innovation, at the beginning, didn't work well: cars, computers, mobile phones, even simple pens...
but with time, there were lot of improvements; actually, any technology is just a work in progress.
So, may be now it's still useless, but when the issues will be solved bitcoin will show all his potential.

Well i agree on that bitcoin is only pioneering and it is still had a great potential to be more usable in tbe near future because we are now in the world of internet.I believe that bitcoin can really rise up in the near future because it has a great potential and capability because it is now getting trend in social media because of its good feedback i believe that it will really rise up.

Yes defiantly bitcoin has a good potential and capability and it cannot be consider as useless. In fact currently the users of bitcoin are very low, and that is the reason that most of the bitcoin users do not have the facilities to use it as currency in their local area, despite that fact that they can use bitcoin online for shopping and some many other purpose, but hope that in near future when its users will increase we will surely become able to use bitcoin comfortable even in our local area for different purposes.

The slow transaction speed in bitcoin is resulted by the congested network and that is because bitcoin is getting a lot of demand for the people in different parts of the world and that is a good news because we are now receiving more demand than before and i think that this is just a temporary effect of the massive adoption and this is just the negative effect but overall, it will change bitcoin to a normal cryptocurrency again.

bitllionaire

legendary

Activity: 1120

Merit: 1000

Quote from: Ronaldcoin2017 on January 26, 2018, 06:12:19 PM

Quote from: Lupus Solitarius on January 26, 2018, 04:38:50 PM

Well, you can't judge a technology that it's still in construction: any big innovation, at the beginning, didn't work well: cars, computers, mobile phones, even simple pens...
but with time, there were lot of improvements; actually, any technology is just a work in progress.
So, may be now it's still useless, but when the issues will be solved bitcoin will show all his potential.

Well i agree on that bitcoin is only pioneering and it is still had a great potential to be more usable in tbe near future because we are now in the world of internet.I believe that bitcoin can really rise up in the near future because it has a great potential and capability because it is now getting trend in social media because of its good feedback i believe that it will really rise up.

Yes defiantly bitcoin has a good potential and capability and it cannot be consider as useless. In fact currently the users of bitcoin are very low, and that is the reason that most of the bitcoin users do not have the facilities to use it as currency in their local area, despite that fact that they can use bitcoin online for shopping and some many other purpose, but hope that in near future when its users will increase we will surely become able to use bitcoin comfortable even in our local area for different purposes.

Ronaldcoin2017

sr. member

Activity: 1148

Merit: 300

Quote from: Lupus Solitarius on January 26, 2018, 04:38:50 PM

Well, you can't judge a technology that it's still in construction: any big innovation, at the beginning, didn't work well: cars, computers, mobile phones, even simple pens...
but with time, there were lot of improvements; actually, any technology is just a work in progress.
So, may be now it's still useless, but when the issues will be solved bitcoin will show all his potential.

Well i agree on that bitcoin is only pioneering and it is still had a great potential to be more usable in tbe near future because we are now in the world of internet.I believe that bitcoin can really rise up in the near future because it has a great potential and capability because it is now getting trend in social media because of its good feedback i believe that it will really rise up.

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