Bitcoin is useless - page 36. | Bitcointalksearch.org

mrcash02

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Quote from: vsyc on January 23, 2018, 01:32:41 PM

Quote from: mrcash02 on January 23, 2018, 01:01:13 PM

Quote from: vsyc on January 23, 2018, 12:20:03 PM

Quote from: mrcash02 on January 23, 2018, 12:11:42 PM

Traders benefit from Crypto-Currency's prices in general. And after a day's work the profit is converted to fiat or Bitcoin... (A good part of it at least). Without Bitcoin there woulnd't be any other AltCoin at this point. Bitcoin is the original, the first one, it's normal people have more confidence on it than on any other AltCoin, right?

If Bitcoin succeeds (that is what it's happening), many other Crypto-Currencies can succeed as well (as we can see some solid AltCoins already).

Days work? What work? People now have confidence in other coins more than in Bitcoin, there is no measure here to tell % wise. And again, Bitcoin succeed in what? Its very naive to sit and think that everyone expects Bitcoin to succeed and than only alt coins will do.

I'm saying Day's work as an expression in relation to the trader and his "trading job". After the trader benefits from Crypto-Currencies prices to make profit, he converts the money to BTC again to keep holding. On long term holders prefer Bitcoin, instead of AltCoins that are used to make profit on short-term. Bitcoin's success is being built on long term, a solid progress being built slowly.

That is how I see the average Crypto enthusiast mentality at this point... What other coin do you think people have more confidence than in Bitcoin?

Well I am not against trading aspect, its clear for me. I question other things that is used to praise Bitcoin. I listed 9 things, in 3 pages only was discussed transaction fee and put LN as cure of all problems. strange is not it?

Are you really believe in magic?

Well, Lightning Network seems promising... I'm excited to see how it will affect Bitcoin's transactions.

I believe in technology's magic. Cheesy

As I said, the solid progress is built slowly, there aren't final solutions overnight.
It shoudln't be a reason to be against Bitcoin.

Anyway, you are free to think what you want and to invest in what currencies you want.

vibingpositively

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Quote from: vsyc on January 23, 2018, 08:21:46 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.

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. Right now they do, won't be the case later this year
2. Same as 1
3. Really how they just solved something this past year and always improving, are you that impatient?
4. Sure it is isn't fully anon but is using your credit card? Right that's what I thought
5. Doesn't matter about hashing power where are the devs located? Where are all the users? You need all mechanisms to make consensus not just miners
6. Exactly BTC doesn't go by laws of economics now your getting it
7. It is, it is, and it most probably will. You can't understand the value because it doesn't make sense, it makes sense to a lot of smart individuals.
8. Okay sure yeah but who is dumb enough to not protect themselves?

You say we are uneducated shills but your argument proves you don't even know the surface of what bitcoin is. That is okay we will forgive you in 5 years time when you are walking with your tail between your legs

. BTW nobody will have to support that much data, the technical problem will be solved soon enough. It may be the scam of the century or it may be the technology of the century that is what we all are going to find out now!

onnz423

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Quote from: vsyc on January 23, 2018, 08:21:46 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.

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. The lightning network will solve this
2. The lightning network will solve this
3. The lightning network is complex, and it must be perfect for widespread adoption
4. It is more anonymous than visa, and can be completely anonymous if you put the effort in
5. Just because there are disparities in hashing power doesn't mean it is centralized, centralized means controlled by an institution, bitcoin is not.
6. What does this even mean? If the USD collapsed, bitcoin would grow even stronger.
7. Gold has nearly no intrinsic value other than its conductive properties.
8. Cash isn't insured, if your wallet is stolen. It's gone.

Fiat has been around for thousands of years, it's time for the next generation. I wouldn't be surprised if you're not some shill.

Galahad111

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Quote from: vsyc on January 23, 2018, 01:33:25 PM

Quote from: bocyaj on January 23, 2018, 01:29:40 PM

What? is useless..This shows you are not analysis the properly.The price fluctuations is very common in ,don't blame the by seeing the dump of price.

What? Have you read at all?

For me personally, the main obstacle to my trading is the high cost of the transaction to be paid, and my trading plan becomes chaotic. Currently I`m lazy to run trading in bitcoin, and move it to the investment section while waiting for the price to change, hopefully the price will move up, Amen.

vsyc

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Activity: 1037

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Quote from: Shenzou on January 23, 2018, 01:40:43 PM

Quote from: vsyc on January 23, 2018, 08:21:46 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.

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 respect your opinion, no one said bitcoin is perfect and nothing is perfect in this world, that is why we have so many altcoins, each creator tries to make a coin that tries to succed where the others fialed, and you as a user have the choice to accept them or not, the reson why people are using bitcoin so much is because it was the first cryptocurrency and they use it mainly for its price, but i would like to point out that centrelization is a thing that is always going to be there, if there is a resource or a currency that people are using and it is popular there will always be people trying to rush into getting as much as they can from it just to get profit.

Exactly

Shenzou

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Quote from: vsyc on January 23, 2018, 08:21:46 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.

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 respect your opinion, no one said bitcoin is perfect and nothing is perfect in this world, that is why we have so many altcoins, each creator tries to make a coin that tries to succed where the others fialed, and you as a user have the choice to accept them or not, the reson why people are using bitcoin so much is because it was the first cryptocurrency and they use it mainly for its price, but i would like to point out that centrelization is a thing that is always going to be there, if there is a resource or a currency that people are using and it is popular there will always be people trying to rush into getting as much as they can from it just to get profit.

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: bocyaj on January 23, 2018, 01:29:40 PM

What? Bitcoin is useless..This shows you are not analysis the bitcoin properly.The price fluctuations is very common in bitcoin,don't blame the bitcoin by seeing the dump of price.

What? Have you read at all?

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: mrcash02 on January 23, 2018, 01:01:13 PM

Quote from: vsyc on January 23, 2018, 12:20:03 PM

Quote from: mrcash02 on January 23, 2018, 12:11:42 PM

Traders benefit from Crypto-Currency's prices in general. And after a day's work the profit is converted to fiat or Bitcoin... (A good part of it at least). Without Bitcoin there woulnd't be any other AltCoin at this point. Bitcoin is the original, the first one, it's normal people have more confidence on it than on any other AltCoin, right?

If Bitcoin succeeds (that is what it's happening), many other Crypto-Currencies can succeed as well (as we can see some solid AltCoins already).

Days work? What work? People now have confidence in other coins more than in Bitcoin, there is no measure here to tell % wise. And again, Bitcoin succeed in what? Its very naive to sit and think that everyone expects Bitcoin to succeed and than only alt coins will do.

I'm saying Day's work as an expression in relation to the trader and his "trading job". After the trader benefits from Crypto-Currencies prices to make profit, he converts the money to BTC again to keep holding. On long term holders prefer Bitcoin, instead of AltCoins that are used to make profit on short-term. Bitcoin's success is being built on long term, a solid progress being built slowly.

That is how I see the average Crypto enthusiast mentality at this point... What other coin do you think people have more confidence than in Bitcoin?

Well I am not against trading aspect, its clear for me. I question other things that is used to praise Bitcoin. I listed 9 things, in 3 pages only was discussed transaction fee and put LN as cure of all problems. strange is not it?

Are you really believe in magic?

sommii

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Of course it's useless. It's just a toy for speculators that waste electricity.

bocyaj

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What? Bitcoin is useless..This shows you are not analysis the bitcoin properly.The price fluctuations is very common in bitcoin,don't blame the bitcoin by seeing the dump of price.You have to analysis the price of coin in it's past.Don't blame by current price.

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: olubams on January 23, 2018, 01:22:08 PM

Quote from: vsyc on January 23, 2018, 08:21:46 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.

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 see that this have generated a lot of responses and its largely because it based on the assumption that you are a Senior Member of the forum. Even though you have the right to your opinion and decide to air it but I also expect that you should have been following the recent happenings in relation to bitcoin. While some of the problems you identified dont have current solutions, but the concluding that developers are just not doing anything is far from the truth because a lot are being done to address the current issue which is not limited to SegWit, Lighting Network etc.

You are free to list that " a lot "

mikan111

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I think your conclusions are simplified and somehow rough.

olubams

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Quote from: vsyc on January 23, 2018, 08:21:46 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.

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 see that this have generated a lot of responses and its largely because it based on the assumption that you are a Senior Member of the forum. Even though you have the right to your opinion and decide to air it but I also expect that you should have been following the recent happenings in relation to bitcoin. While some of the problems you identified dont have current solutions, but the concluding that developers are just not doing anything is far from the truth because a lot are being done to address the current issue which is not limited to SegWit, Lighting Network etc.

andamers

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For now, I think the best use of bitcoin is to invest, not to transfer, because of its charges and confirmation.
In my opinion, BTC needs new technology to adapt to faster, more transactions

kolbalish

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Crypto Article Sharer!!!

In my opinion, Bitcoin is blessing for me. But,there are some people in the world who think that Bitcoin is useless. Its transaction fee is very high and not slower etc.But, I think is is very useful

mrcash02

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Quote from: vsyc on January 23, 2018, 12:20:03 PM

Quote from: mrcash02 on January 23, 2018, 12:11:42 PM

Traders benefit from Crypto-Currency's prices in general. And after a day's work the profit is converted to fiat or Bitcoin... (A good part of it at least). Without Bitcoin there woulnd't be any other AltCoin at this point. Bitcoin is the original, the first one, it's normal people have more confidence on it than on any other AltCoin, right?

If Bitcoin succeeds (that is what it's happening), many other Crypto-Currencies can succeed as well (as we can see some solid AltCoins already).

Days work? What work? People now have confidence in other coins more than in Bitcoin, there is no measure here to tell % wise. And again, Bitcoin succeed in what? Its very naive to sit and think that everyone expects Bitcoin to succeed and than only alt coins will do.

I'm saying Day's work as an expression in relation to the trader and his "trading job". After the trader benefits from Crypto-Currencies prices to make profit, he converts the money to BTC again to keep holding. On long term holders prefer Bitcoin, instead of AltCoins that are used to make profit on short-term. Bitcoin's success is being built on long term, a solid progress being built slowly.

That is how I see the average Crypto enthusiast mentality at this point... What other coin do you think people have more confidence than in Bitcoin?

vsyc

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Activity: 1037

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Everyone puts argument "store of value", what value? What you store?

gakadem

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No success in a short time

everyone has a different opinion
I really appreciate your opinion, but there is a positive side of bitcoin, bitcoin can be a job for those who are unemployed, and for those who already have bitcoin work to be an alternative or additional income.

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: carlisle1 on January 23, 2018, 12:42:21 PM

Quote from: BTC-BTC-BTC on January 23, 2018, 09:33:12 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.

right mate he is entitled to choose what ever coins he wanted to invest,no ones pusing him to love bitcoin (as bitcoin doesnt care about his perceptions)im wondering why he needed to put all the negative aspect about bitcoin,whats his intention doing this.as if someones paying this guy to put this sentiments here.

OP we have all the rights for everything,specially for the coins we will suport,since for us its bitcoin w
That can make us wealthier so just be it.

I would love to be payed for that! I have intention, but it will be meaningless, as most people here admitted: Bitcoin is useful to support ponzi game, where one buy other sells.

jakelyson

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Quote from: vsyc on January 23, 2018, 08:21:46 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.

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.

In my opinion, each and every point can happen to all cryptocurrencies. Look at eth, it is fast and cheap until cryptokitties arrived. It suffered the same problems bitcoin have.

I believe bitcoin is only in its initial version. There will be a better crypto that will be perfect as a currency and store of value. But for now, bitcoin will be the store of value. Alts can learn from the mistakes of bitcoin and could come up with a better solution. And if it happens someday, then bitcoin have served its purpose. Not totally useless.

Topic: Bitcoin is useless - page 36. (Read 3645 times)