Topic: Bitcoin is useless - page 33. (Read 3669 times)
a person who does not quite understand what it is BTC may be easily fooled, therefore we must also be very clever to understand what is BTC actually.
The title caught my attention, just want to know who are the possible personality doesnt like bitcoin and also the reason. As i read it and understand every word indicated and weigh the feelings involve here, somehow you got a point there. I also aware that bitcoin has no value at all. Its just a representation of money or value. But, people like bitcoin because they experience earning big with it. (including me). The popularity of bitcoin might end in the future but as of now people just taking the advantage to earn while its still there.
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.
I agree with that, and if you think that Bitcoin is useless what the point of being here ? Maybe you some reason, but just think about the people who really earn here was a living legend, no to doubts because of the things that you may obtain here maybe its not a physical money but still useful.
...
BTC is scam of the century, stay away.
BTC is scam of the century, stay away.
Even if Bitcoin is used mostly for speculation, how can it be useless? People work to receive payment and if you can receive the same payment via Bitcoin, is it really useless? It may be the scam of the century but it brought about other cryptocurrencies. Or are you gonna say that the whole field is one big scam?
What are you doing here then?
It's not like that bitcoin is not useless if it was useless than it may not have been so popular and costly as compared to other crypto currency.Its the matter of time nothing else which makes it useless or worthy and one should not decide its usefulness or uselessness by just obeserving a slight fall in it's price.It will recover soon and people will again gain faith over it .
every thing have advantages and disadvantages.
useless but you still here, find job and earn profit here is bullshit.
high fee but high profit. just 0.0 for fee but you say its high? bitcoin is best asset and easy to get than the other asset. no need difficult process and other to use it
useless but you still here, find job and earn profit here is bullshit.
high fee but high profit. just 0.0 for fee but you say its high? bitcoin is best asset and easy to get than the other asset. no need difficult process and other to use it
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.
I agree. I think you are also entitled for your own opinion. However, what I am surprised more so that the detailed list you gave is the fact that you have reached that high of a rank in this forum, which are filled with people who support bitcoin, and cryptocurrencies in general. I think that some of the things listed down on why bitcoin is useless are not really supportive enough to say that it is. It's technology is something new; it has never been seen before; and it gives a different mechanism to trade, transact, pay and deal with people in the market. I think that it may contribute a lot of good things in the trade and industry market in the long run, which would make the market even better. And for those reasons, I think it is useful.
I really think you do have a point. Transaction fees are high, some transactions are delayed (may even take days or sometimes a week,) transactions are not suitable for small amount. However, this is ignored by users because a lot of people believe on the potential of bitcoin. A lot of people were able to earn a lot because of this, that is why people still trust bitcoin. I really think bitcoin has a lot more to improve and it will continue to bring convenience and people to those people who believe in it.
Bitcoin has so high fees that it will become useless,mainly for little amounts.
If one compares Ethereum and BTC fees,we have the answer.
If one compares Ethereum and BTC fees,we have the answer.
Bitcoin is not useless, I earn and gain here. Some people says it is a scam but it is not, just be careful to those scammers because they are everyhere in this world collecting money in a bad way. You have to know well and identify thoroughly of who you are dealing with. Look for the legit person or trading sites to keep away from scammers.
I read in the news that the developers have eliminated most of these problems and will soon be more comfortable using bitcoin. In my opinion, bitcoin is no longer a means of payment, but an object for investment. Like gold.
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.
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.
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.
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.
I agree on some of your points specially on number 1 and number 2, also most users recognized that Bitcoin is not the best technologically speaking among the crypto market, there are other coins which is faster and cheaper. Calling it a scam is an exaggerated point of view. If Bitcoin was not created possibly there could be no altcoins.
3. Development team sucks, uncapable solve scalability issues for years - I somewhat agree with you in this one.
4. Its not anonymous, every solution to make it, failed so far - it depends on the user
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 ) - possible but hard to prove because of anonymity as of now this is what conspiracy theorist would say.
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 - ECON 101 Value is based on utility and scarcity - bitcoin has both trait.
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. - same reason with # 6
8. Its not insured, If some crap happened to your BTC, its gone. - Unfair to say it to bitcoin because all coins are like that.
ECON 101? Really? The only utility for Bitcoin in nowadays is being Store of Value, its definitely not for payments. Scarcity, read #9, its not that rare.
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.
While its obvious that payments are not for Bitcoin at current stage, everyone speculates about being Gold 2.0 or something similar, what does it mean at all?
While its obvious that payments are not for Bitcoin at current stage, everyone speculates about being Gold 2.0 or something similar, what does it mean at all?
Bitcoin is not useless because the people nowadays are using this application to earn money and also save for their future. This is not useless because a lot of people use it. The Bitcoin industry is growing really fast and it should maintain its course.
I really believe bitcoin had been created because it have a huge purpose for this present generation. And I know people in this forum really know what they are doing, seems to be nothing are fooled with btc. Do people change their lifestyle just because of this, and exactly they're doing this to adopt this 3rd world generation of currency.
Actually the question itself looks like useless, when plenty of people are getting benefits from the bitcoin why should someone call it as useless doesn't it a carelessness attitude, no way can term it as useless bitcoin is very useful for many people. 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.
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.
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.
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.
Lot of what you say is true and well pointed, but every new tecnology needs time to achieve an acceptable level of performance: I don't think that the first cars, the first radios, the first...you name it, was perfectly utilizable from the beginning.
May be the problem you are talking about will be solved, may be bitcoin will be replaced by another coin.
But it seems to me very unfair to call it "the scam of the century".
Oh, something more: lot of what you say is valable also for usual paper money...
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.
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.
After I examine the problem you are facing the possibility of your misdirection (shantosi) but behind all the problems you face many people whose lives succeed with bitcoin (the new rich from bitcoin) maybe the rules in your country are different from other countries (about bitcoin). 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.
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.
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.
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.
If it is useless then why are you in this forum? As the name suggests it is associated with bitcoins. You are only saying that because the value of bitcoin is very low as for this moment. 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.
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.
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.
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.
No bitcoinis not a scam because this bitcoin is very important to all example is many company and also country accepted this cryptocurrency because this is very profitable but naturaly bitcoin is volatile value becuase this is not a currency this is cryptocurrency. 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.
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.
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.
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.
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.
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.
Everything you said is correct but why are we here on this forum anyway? I clearly believe that most of us started being amazed with bitcoin and the technology behind. There are many good things bitcoin has brought to this world, and if you weigh it its heavier than the disadvantages you listed. and also because no matter how bad bitcoin is, bitcoin is still the best and you cannot deny it.
Jump to: