Condolences to the bitcoin die hards

Amph

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Quote from: spazzdla on June 30, 2015, 01:50:17 PM

Quote from: Amph on June 29, 2015, 04:40:18 AM

Quote from: bitcollins85 on June 28, 2015, 07:01:10 PM

Quote from: bobc1994 on June 28, 2015, 11:21:18 AM

No Way!.........unless sha256 is compromised.

It's not a problem if sha256 is broken, and this was already said by Satoshi, so it's just a matter of changing algo.

not an easy task as you think, because what miners can do then? get rid of their whole 300 peta hash and start all over again...no way it would be one of the biggest waste of money...

it would mean the death of bitcoin as we know it now

What else could you possibly do..... If sha256 was broken the miners would be worthless instantly bitcoin would HAVE to change the algo. Once one can solve private keys from public it's gg for SHA256.

GPU's would rise again from the ashes.

it should be a gradually change if they really need to change because of quantum computer(are you ttalking about this right?), so it must be done many years before it happen

the problem is that it can be build secretly by some huge company, then bitcoin will be indeed screwed

mrhelpful

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Well the die hard fans are making a good sum of profit even sold right now due to greece.

When a whole country needs some form of way to move money, and western union just says "no" were seizing for 1 week yeah we in profit lol.

And keep in mind this will continue unless the EU not to bail out greece.

spazzdla

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Quote from: Amph on June 29, 2015, 04:40:18 AM

Quote from: bitcollins85 on June 28, 2015, 07:01:10 PM

Quote from: bobc1994 on June 28, 2015, 11:21:18 AM

No Way!.........unless sha256 is compromised.

It's not a problem if sha256 is broken, and this was already said by Satoshi, so it's just a matter of changing algo.

not an easy task as you think, because what miners can do then? get rid of their whole 300 peta hash and start all over again...no way it would be one of the biggest waste of money...

it would mean the death of bitcoin as we know it now

What else could you possibly do..... If sha256 was broken the miners would be worthless instantly bitcoin would HAVE to change the algo. Once one can solve private keys from public it's gg for SHA256.

GPU's would rise again from the ashes.

ronald98

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Quote from: RodeoX on June 29, 2015, 12:23:24 PM

Thank you for your kind words and condolences. But really, the money I'm making is reward enough.

The OP is finding out that it's easy to laugh at Bitcoin holders in a bear market, but that it's impossible to laugh at them in a bull market. Now the tables are turned and we can laugh at him for not buying in when he had the perfect opportunity.

jt byte

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Condolences to the bitcoin die hards?
Thankfully, everybody doesn't think that way. Look at the number of bitcoin start ups which are out there.

RodeoX

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The revolution will be monetized!

Thank you for your kind words and condolences. But really, the money I'm making is reward enough.

Amph

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Quote from: bitcollins85 on June 28, 2015, 07:01:10 PM

Quote from: bobc1994 on June 28, 2015, 11:21:18 AM

No Way!.........unless sha256 is compromised.

It's not a problem if sha256 is broken, and this was already said by Satoshi, so it's just a matter of changing algo.

not an easy task as you think, because what miners can do then? get rid of their whole 300 peta hash and start all over again...no way it would be one of the biggest waste of money...

it would mean the death of bitcoin as we know it now

Miracal

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Quote from: LFC_Bitcoin on May 20, 2015, 08:06:54 AM

I've never been remotely interested in buying altcoins, I just don't trust them or believe they have any real future.
As far as the success of cryptocurrency is involved it's Bitcoin or nothing imo.
I just don't think any altcoin offers anything to me/us that bitcoin doesn't.
As far as the OP title goes - Bitcoin is going nowhere.
2016 will be a big year for bitcoin & I believe is the time we really start to see results.

The other altcoin offer nothing new except promises and attract people portraying they will make more money through it, but nothing about building a community and watching its future as a currency. Its all the same, 2016 will shut all of em because it will be the year of bitcoin.

bitcollins85

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Quote from: bobc1994 on June 28, 2015, 11:21:18 AM

No Way!.........unless sha256 is compromised.

It's not a problem if sha256 is broken, and this was already said by Satoshi, so it's just a matter of changing algo.

bobc1994

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No Way!.........unless sha256 is compromised.

bill gator

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sure it isn't dying because we use it. As long as we use it it will never die!.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: bytezero on June 27, 2015, 01:05:57 PM

I would love to see Bitcoin die or at least to colapse to 1USD/Btc . I would buy all of them then Grin

And that is exactly the reason why it will never happen. If bitcoin was to fail, it would be needed for a ton of people and infrastructure, and ideas to disappear.
I'm sure there were threads like this, but with people wanting the price to go to 0.60$, and im sure there will be threads in the future wanting the price to be 300 $ again.
Why resist the movement when you can join the club ?

cheers

bytezero

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I would love to see Bitcoin die or at least to colapse to 1USD/Btc . I would buy all of them then Grin

mrhelpful

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Quote from: melody82 on May 27, 2015, 07:17:09 AM

Is there any evidence? It seems to me that the OP is just trolling. I don't see any real evidence of the claims. Although I must admit that the distribution of wealth chart is interesting. Is that chart accurate? If so then a few people holing the majority of btc could be a factor in driving up the value assuming they are just sitting on the coins.

its just commentary as usual.

I mean its understandable at some levels, but it shouldnt be taken seriously I mean technically we are all die hard fans of bitcoin cause we still stick around on this forum.

techgeek

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the price can swing back up based twins actions since they made their exchange happen.

maybe their etf can finally launch.

prodigy8

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all this "bitcoin is dead" FUD is just nonsense.
bitcoin really shows growth with the constantly increasing number of transactions

bank of bits

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no...people are much more interested today. all help to improve BTC's value. The more who use it the stronger and more valuable it becomes.

bobc1994

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I'm looking at bitcoin as a long term investment. but if you scared by the price volatility Spread some of your money into other things, you will likely sleep better.

AtheistAKASaneBrain

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Quote from: catena5260 on June 07, 2015, 03:54:05 PM

Quote from: ?? on ??

Quote from: thejaytiesto on June 07, 2015, 03:44:05 PM

... Have fun missing on the lifetime boat you plebs (specially now that's as cheap as it gets for such a long time).

That's what I've been hearing all the way down from $1,200 Cry

Sooner or later enter at 1200 or at 220 won't matter, just like enter at $2 or $10 some years ago looks irrelevant right now

True. In 10 years from now when you go to Bitcoinwisdom.com and check for the alltime graph, the 1200 ATH will look like a small bump.

catena5260

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Quote from: ?? on ??

Quote from: thejaytiesto on June 07, 2015, 03:44:05 PM

... Have fun missing on the lifetime boat you plebs (specially now that's as cheap as it gets for such a long time).

That's what I've been hearing all the way down from $1,200 Cry

Sooner or later enter at 1200 or at 220 won't matter, just like enter at $2 or $10 some years ago looks irrelevant right now

Topic: Condolences to the bitcoin die hards (Read 5500 times)