Topic: Campaign to BOYCOTT BITCOIN! (Read 9631 times)
Interesting points have been made on both sides in this thread. A good read.
Count me in! Someone has to stop this ponzi madness!
So if someone makes a 'scam' operation with gold; gold is also a ponzi?Sure thing.
That has nothing to do with Bitcoin. Those investors probably deserved it. There are no insane returns like that in the real world.
That's not really a fair comparison. Gold is a commodity and does not have the ability to facilitate crime. Bitcoin does.
Gold doesn't have the ability to facilitate crime!? Only the biggest crime of all, modern slavery through gold.....
Any commodity can be used to pay for crime but Bitcoin is custom tailored to facilitate an international criminal enterprise like Silk Road. That's one of the pluses of Bitcoin. Try buying guns or drugs that are 5000 miles away with gold.
Count me in! Someone has to stop this ponzi madness!
So if someone makes a 'scam' operation with gold; gold is also a ponzi?Sure thing.
That has nothing to do with Bitcoin. Those investors probably deserved it. There are no insane returns like that in the real world.
That's not really a fair comparison. Gold is a commodity and does not have the ability to facilitate crime. Bitcoin does.
Gold doesn't have the ability to facilitate crime!? Only the biggest crime of all, modern slavery through gold.....
Count me in! Someone has to stop this ponzi madness!
So if someone makes a 'scam' operation with gold; gold is also a ponzi?Sure thing.
That has nothing to do with Bitcoin. Those investors probably deserved it. There are no insane returns like that in the real world.
That's not really a fair comparison. Gold is a commodity and does not have the ability to facilitate crime. Bitcoin does.
Count me in! Someone has to stop this ponzi madness!
So if someone makes a 'scam' operation with gold; gold is also a ponzi?Sure thing.
That has nothing to do with Bitcoin. Those investors probably deserved it. There are no insane returns like that in the real world.
Count me in! Someone has to stop this ponzi madness!
I am not going to boycott bitcoins as it has been a reliable source till date and I have had no issues with the value in holds in market except that it's price keeps fluctuating. Altcoins are as well reliable but I don't know much of their usage. Need to read more about the latter.
There is only one secure network, the Bitcoin network, and many experiments.
This is FUD. How can you say that? I doubt it. You give no proof or argument. What is unsecure about the LiteCoin network?
What is unsecure about the Monero network?
You should know the shit these bitcoin bagholders cough up in every corner of the forum.
Bitcoin is a shitcoin, but bagholders of it need to be in denial of the fact of course (afterall they are still looking for the greater fool to sell to before these coins become worthless)
I agree!
I have never spent much time in here, but im quite surprised to read all the crap im finding here!
There is only one secure network, the Bitcoin network, and many experiments.
This is FUD. How can you say that? I doubt it. You give no proof or argument. What is unsecure about the LiteCoin network?
What is unsecure about the Monero network?
You should know the shit these bitcoin bagholders cough up in every corner of the forum.
Bitcoin is a shitcoin, but bagholders of it need to be in denial of the fact of course (afterall they are still looking for the greater fool to sell to before these coins become worthless)
Bitcoin is the only coin with real development. It's the only coin with real VC investment and support.
That is plain wrong! Multiple DogeCoin projects have huge (>500.000$) VC investments.====> every altcoin can get them
====> GTFO with this lame fake argument
There is only one secure network, the Bitcoin network, and many experiments.
This is FUD. How can you say that? I doubt it. You give no proof or argument. What is unsecure about the LiteCoin network?
What is unsecure about the Monero network?
NBC claimed that Ransomware virus scammers are asking for payments in Bitcoin (which is actually an error)
They are, ive witnessed it myself.
I work in IT and have seen it first hand, the addresses used have been well published also.
So what's the word on the boycott, have you all started it yet?
NBC claimed that Ransomware virus scammers are asking for payments in Bitcoin (which is actually an error), which should help your cause!
NBC claimed that Ransomware virus scammers are asking for payments in Bitcoin (which is actually an error), which should help your cause!
Bitcoin is inferior coin. No real developement. Very slow.
Only thing it has is that crazy cult in denial of reality around it.
Only thing it has is that crazy cult in denial of reality around it.
Bitcoin is inferior coin? To what other crypto? What kind of hashish are you smoking?
Bitcoin is the only coin with real development. It's the only coin with real VC investment and support.
No other coin has the backing, development, investment, and interest of Bitcoin.
Not Litecoin, not Paycoin, not NXT, not Ripple, not Darkcoin, not Stellar, not Counterparty, not [insert any alt coin here]...
There is already the problem of the blockchain getting seriously bloated with BTC, and now talk about increasing block size to 20MB, not to mention the ridiculous amount of computing power being consumed to perform such a simple task. The amount of electricity these ASIC farms use is a joke.
Out of any "alts" the only real one that stands out for me is NXT and perhaps also NEM also if you consider these alts, we will wait and see.
Im not saying to Boycott bitcoin, im not even suggesting that BTC will drop down in marketcap, but what i am saying is there is plenty of room for other cryptos and there are other ones that serve a useful purpose that can do things better than BTC.
Bitcoin will always be around, but dont be surprised if you see "NXT accepted here on shop windows in the not too distant future"
Bitcoin is inferior coin. No real developement. Very slow.
Only thing it has is that crazy cult in denial of reality around it.
It's the only coin with real VC investment and support.Only thing it has is that crazy cult in denial of reality around it.
No other coin has the backing, development, investment, and interest of Bitcoin.
Not Litecoin, not Paycoin, not NXT, not Ripple, not Darkcoin, not Stellar, not Counterparty, not [insert any alt coin here]...
bitcoin the only coin with real venture capital and support? wtf? what have VCs taken over the btc foundation? you do know ripple is like entirely VC?
So like I said, Ripple is shit.
Bitcoin is inferior coin. No real developement. Very slow.
Only thing it has is that crazy cult in denial of reality around it.
It's the only coin with real VC investment and support.Only thing it has is that crazy cult in denial of reality around it.
No other coin has the backing, development, investment, and interest of Bitcoin.
Not Litecoin, not Paycoin, not NXT, not Ripple, not Darkcoin, not Stellar, not Counterparty, not [insert any alt coin here]...
bitcoin the only coin with real venture capital and support? wtf? what have VCs taken over the btc foundation? you do know ripple is like entirely VC?
Yes, you heard it right.
Ripple has a total of only (sounds ridiculous) of about $100 million invested in it.
http://blogs.wsj.com/venturecapital/2015/01/26/digital-payments-company-ripple-labs-finalizing-30-million-funding-round/
Coinbase, one meager Bitcoin company out of hundreds(thousands?), had $75 million in one funding round.
Bitcoin as a whole, has hundreds of millions of investment money in a myriad of companies and startups. Probably closing towards a billion at this point.
So like I said, Ripple is shit.
"Boycott Bitcoin" sounds like a bankster troll thread. I've seen many of those in the past four years.
There is only one secure network, the Bitcoin network, and many experiments.
If people think they can do better than the Bitcoin protocol, then they can build a sidechain..
Altcoins that are heavily promoted are making false promises of security and/or decentralization and/or anonymity.
There is only one secure network, the Bitcoin network, and many experiments.
If people think they can do better than the Bitcoin protocol, then they can build a sidechain..
Altcoins that are heavily promoted are making false promises of security and/or decentralization and/or anonymity.
Actually you are incorrect, Litecoin and also Dogecoin are very secure networks. Not sure if you purposely left those out or merely forgot about them.
the Bitcoin network secures 50 times more value than the Lite coin network: how would we know if Litecoin is as well tested as Bitcoin from a security stand point ?
The hashrate of the Bitcoin network is 300 000 times superior to the hashrate of the Litecoin network.
An attacker needs to rent this computing power for 20 minutes to reverse two blocks while it takes only 5 minutes on the Litecoin network.
In short the protection offered by the Bitcoin network against malicious reversal of a transaction is vastly superior by several orders of magnitude.
The numbers are even worse for dogecoin.
Simply bear in mind that email has not taken off with every corporation crafting its own version of SMTP.
you make alot of assumptions there, so you think higher hashrate = greater security?
well it can in some context, like a single idiot trying with their own or rented equip (and all 3 mentioned network hash is strong enough for that to be pointless) but if someone wanted to go to the effort of an proper attack and plan a decent course of action hashrate after a point would make little difference.
You mean, 300 000 times more computing power has no impact on the cost of the attack
50 times more value in circulation has no impact on the potential gain of the attack ??
- Bitcoin is wasteful. The high inflation leads to a too large and centralised mining industry consuming huge amounts of electricity and money.
This has been discussed thousands of times.Bitcoin only needs processing power, if someone can have a equipment with less power consumption the bitcoins processed will have less electricity used.
Also, You can use solar or wind power.
right now power consumption is about 1.5 full scale nuclear powerplants
i think this thread was moved by mods here. It was originally in altcoins. So your argument is invalid as always.
Incorrect. Where the thread was originally is irrelevant, where it is now, is what matters.I would like to tell me more about BTC decentralization and how you comment that 5-6 people like Roger Ver, Micky Malka, Erik Voorhees own 90% from BTC 
http://www.infowars.com/bitcoin-elites-plan-secret-bilderberg-style-confab/
You do realize that, IF that was the case, you couldn't do anything about it. No altcoin will save you from that. If any coin grows big enough to attract such people, they can just redirect some of their money into that coin. The same thing would happen again, right?http://www.infowars.com/bitcoin-elites-plan-secret-bilderberg-style-confab/
- Bitcoin is wasteful. The high inflation leads to a too large and centralised mining industry consuming huge amounts of electricity and money.
This has been discussed thousands of times.Bitcoin only needs processing power, if someone can have a equipment with less power consumption the bitcoins processed will have less electricity used.
Also, You can use solar or wind power.
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