Bitcoin is useless - page 37. | Bitcointalksearch.org

carlisle1

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Quote from: BTC-BTC-BTC on January 23, 2018, 08:33:12 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.

Dudeperfect

hero member

Activity: 1190

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I agree with your statement that there are many issues right there with Bitcoin but I am expecting the development over the period of time so calling it useless at this point is too early in my honest opinion. I think we should wait some more time because Bitcoin has grown too big and at this point, extreme precaution must be taken while taking even a minor decision that can affect the entire network. However, Bitcoin is still comfortable to adopt the changes and I am optimistic about the picture of next 2 years in terms of development.

equator

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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.

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.

Well what you are saying is well known by everyone but even then when everyone is earning nice income then how can they stay away from it.

EuphorichamsTer

newbie

Activity: 33

Merit: 0

I have to admit that I agree with this... I have not been able to use my Bitcoin for payments or transferring to friends because the transaction fees are simply too high. I am hopeful that this will be fixed soon.

putot

jr. member

Activity: 77

Merit: 5

I dont agree that bitcoim is useless because we all know that its not.I think those people says bitcoin is useless are those people who dont know what bitcoin is.Those people who try to criticize bitcoin are those who dont know how to earn it and how it really helps to alot of people and also there are already many people get rich because of bitcoin so its not useless at all.

KwizatzHaderach

full member

Activity: 196

Merit: 100

Bitcoin is not useless as long as people use it as storage of value.
Fees and scalability issues can be fixed over time.

There have been a lot of same criticism against bitcoin but in the end it is still going to be surely an asset class in the next few years.

vsyc

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Activity: 1037

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Quote from: mrcash02 on January 23, 2018, 11:11:42 AM

Quote from: vsyc on January 23, 2018, 10:38:59 AM

Quote from: mrcash02 on January 23, 2018, 10:35:44 AM

Quote from: kier010 on January 23, 2018, 10:26:05 AM

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.

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.

well bitcoin have a lot of supporters and the most popular in cryptocurrency. it is proven that many benefited in it and became millionaire. bitcoin have flaws we can't deny that because it is the first to be created but still people accept it and use it.

if you say bitcoin is a scam then stay away from it. i see your account is made for the sole purpose of supporting that "coin" and to bash bitcoin and other altcoins. everyone have its own opinion and they can think and they respect bitcoin and other altcoins but what you got is a broad minded thinking blindly supporting that "coin".

It's true, Bitcoin is a great success today because its supporters, that are many. And if they support Bitcoin it's because they are satisfied with the results we have today or because they still see a big potential on this currency. I don't understand why OP blames Bitcoin as it was the first and original Crypto-Currency, that united many people around a new conception of financial system. He should be proud of this...

If he wants so many guarantees and fast solutions he should use fiat instead of Bitcoins...

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

3. Development team sucks, uncapable solve scalability issues for years

In a decentralized system, changes take more time to happen as there are many disagreements, there isn't a central authority to say "we will do this or that, dot". What annuls OP's fifthy point: "It's centralized".

I do not see success, I see price where traders can benefit, but still point #5 and #6 is failing.

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.

kevin go

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Activity: 238

Merit: 100

Bitcoin`s price has gone out of reach of common investors. Bitcoin`s volatility has increased a lot as a result many investors are avoiding bitcoin currency. Transaction settlement time and settlement charges are also increasing. Some countries are trying to regulate bitcoin currency; if they get successes then people will lose interest from bitcoin. If all these things continue and bitcoin community fails to take a note of it, bitcoin`s popularity will go on diminishing, and one day it will become useless.

mrcash02

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Quote from: vsyc on January 23, 2018, 10:38:59 AM

Quote from: mrcash02 on January 23, 2018, 10:35:44 AM

Quote from: kier010 on January 23, 2018, 10:26:05 AM

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.

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.

well bitcoin have a lot of supporters and the most popular in cryptocurrency. it is proven that many benefited in it and became millionaire. bitcoin have flaws we can't deny that because it is the first to be created but still people accept it and use it.

if you say bitcoin is a scam then stay away from it. i see your account is made for the sole purpose of supporting that "coin" and to bash bitcoin and other altcoins. everyone have its own opinion and they can think and they respect bitcoin and other altcoins but what you got is a broad minded thinking blindly supporting that "coin".

It's true, Bitcoin is a great success today because its supporters, that are many. And if they support Bitcoin it's because they are satisfied with the results we have today or because they still see a big potential on this currency. I don't understand why OP blames Bitcoin as it was the first and original Crypto-Currency, that united many people around a new conception of financial system. He should be proud of this...

If he wants so many guarantees and fast solutions he should use fiat instead of Bitcoins...

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

3. Development team sucks, uncapable solve scalability issues for years

In a decentralized system, changes take more time to happen as there are many disagreements, there isn't a central authority to say "we will do this or that, dot". What annuls OP's fifthy point: "It's centralized".

I do not see success, I see price where traders can benefit, but still point #5 and #6 is failing.

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).

khaled0111

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Merit: 3045

Top Crypto Casino

Quote

1. Transactions takes hours
2. Fees are high

Maybe true but there are some temporary solutions like Lightning Network and SegWit.

Quote

3. Development team sucks, uncapable solve scalability issues for years

Bitcoin is open source any one can contribute to improve it. SegWit also can solve the scalability problem.

Quote

4. Its not anonymous, every solution to make it, failed so far

Who is Satoshi Nakamoto?

Quote

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.

I don't agree with previous arguments, many users gained a lot from Bitcoin, and no one can have access to your wallet so you are the only one responsible for what happens to your money.

KaffkaN

full member

Activity: 266

Merit: 100

I fully agree with the author of the post. I have been claiming this for 2 years, but everyone insults me.

Maestro75

sr. member

Activity: 1960

Merit: 329

I quite agree with you on numbers 1, 2 and 4. Those issues raised there are considerable and without doubt will soon be solved. But your 7 and 8 are not only bitcoin specific problems. It also happens with fiat, especially number 8. Shit happens and people do also lose their fiat in banks or robbed on their way from banks. Nothing is totally insured in life, not even life itself.

bosede1

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Activity: 714

Merit: 16

As often said everybody has the right to freedom of speech so you can say your point on any issue. But I can bet with you if you are among the the few people who invested in bitcoin early enough and has become a millionaire you won't be here todayay posting the subject you just did. Everything on earth has its pros and cons I know you get this.

vsyc

sr. member

Activity: 1037

Merit: 253

Just a question: How many of you run full clients? How many people have enough knowledge to run full clients? How many people will be willing to run 1TB client?

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: burner2014 on January 23, 2018, 10:44:04 AM

We are here not only for a reason to become rich or to earn money, we are here because we believe in changes and to strengthen the cryptocurrency world, if some would just discriminate or even give a negative feedback without enough proof and a purely mere accusation about it then how we are able to encourage some of the people to invest as well just like we are doing right? Remember, we are the one creating value in crypto currencies.

Point #3 is your friend. Encourage to invest? At current state you encourage people to replace you in bag holding.

burner2014

hero member

Activity: 952

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We are here not only for a reason to become rich or to earn money, we are here because we believe in changes and to strengthen the cryptocurrency world, if some would just discriminate or even give a negative feedback without enough proof and a purely mere accusation about it then how we are able to encourage some of the people to invest as well just like we are doing right? Remember, we are the one creating value in crypto currencies.

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: mrcash02 on January 23, 2018, 10:35:44 AM

Quote from: kier010 on January 23, 2018, 10:26:05 AM

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.

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.

well bitcoin have a lot of supporters and the most popular in cryptocurrency. it is proven that many benefited in it and became millionaire. bitcoin have flaws we can't deny that because it is the first to be created but still people accept it and use it.

if you say bitcoin is a scam then stay away from it. i see your account is made for the sole purpose of supporting that "coin" and to bash bitcoin and other altcoins. everyone have its own opinion and they can think and they respect bitcoin and other altcoins but what you got is a broad minded thinking blindly supporting that "coin".

It's true, Bitcoin is a great success today because its supporters, that are many. And if they support Bitcoin it's because they are satisfied with the results we have today or because they still see a big potential on this currency. I don't understand why OP blames Bitcoin as it was the first and original Crypto-Currency, that united many people around a new conception of financial system. He should be proud of this...

If he wants so many guarantees and fast solutions he should use fiat instead of Bitcoins...

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

3. Development team sucks, uncapable solve scalability issues for years

In a decentralized system, changes take more time to happen as there are many disagreements, there isn't a central authority to say "we will do this or that, dot". What annuls OP's fifthy point: "It's centralized".

I do not see success, I see price where traders can benefit, but still point #5 and #6 is failing.

ZenRoy

newbie

Activity: 79

Merit: 0

I agree that it's not safe to put in large amounts of Bitcoin especially in online wallets since it's not insured... This does apply to all cryptos though...I would just rather invest some amount in Bitcoin just so I wont miss the ride if any.

mrcash02

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Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: kier010 on January 23, 2018, 10:26:05 AM

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.

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.

well bitcoin have a lot of supporters and the most popular in cryptocurrency. it is proven that many benefited in it and became millionaire. bitcoin have flaws we can't deny that because it is the first to be created but still people accept it and use it.

if you say bitcoin is a scam then stay away from it. i see your account is made for the sole purpose of supporting that "coin" and to bash bitcoin and other altcoins. everyone have its own opinion and they can think and they respect bitcoin and other altcoins but what you got is a broad minded thinking blindly supporting that "coin".

It's true, Bitcoin is a great success today because its supporters, that are many. And if they support Bitcoin it's because they are satisfied with the results we have today or because they still see a big potential on this currency. I don't understand why OP blames Bitcoin as it was the first and original Crypto-Currency, that united many people around a new conception of financial system. He should be proud of this...

If he wants so many guarantees and fast solutions he should use fiat instead of Bitcoins...

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

3. Development team sucks, uncapable solve scalability issues for years

In a decentralized system, changes take more time to happen as there are many disagreements, there isn't a central authority to say "we will do this or that, dot". What annuls OP's fifthy point: "It's centralized".

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: Nick Abimanyu on January 23, 2018, 10:28:01 AM

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.

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.

It seems like you are being hurt with this condition, or maybe you`re a person who is having a crop failure.
Just be honest what you say is true, as there are 'high transaction fees' that haven`t been resolved yet, and it did really interfere with my trading activity in bitcoin. If bitcoin like this forever, maybe I will 'swerved' and steer the vehicle to the altcoin track.

I am no hurt, and transaction fee is just small problem that could be ignored. You are traded, so you ride waves until they come.

Topic: Bitcoin is useless - page 37. (Read 3669 times)