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Topic: Even CoinDesk is giving up on bitcoin (Read 1923 times)

full member
Activity: 336
Merit: 100
January 05, 2015, 01:07:55 PM
#21
Says a new user who just created this account to post FUD.
Roll Eyes

yeah, call me a credit-card shill next Mr. Smartass.
If the content of my comments is judged by my memberstatus you fail. 

 Cheesy Cheesy The bulltards discredit people here based on their register date... in their minds, if you haven't been here at least a year, then you have not completed your round of brainwashing yet.  Cheesy Cheesy
hero member
Activity: 812
Merit: 587
Space Lord
January 05, 2015, 12:55:49 PM
#20
"Every now and then, the Bitcoin God cuts away the weak hands from the tree."
hero member
Activity: 546
Merit: 501
January 05, 2015, 12:53:52 PM
#19
Bitcoin could be replaced by crypto 2.0 if there would be only one. But there is plenty of them, each offering something different and because of that none of them will be next-bitcoin. Bitcoin on the other hand will remain crypto-gold-coin that will link them all because it is and will be simple, rock solid and reliable.
legendary
Activity: 1176
Merit: 1010
Borsche
January 05, 2015, 12:35:57 PM
#18
First of all, bitcoin halvings period, PoW, hashing algo etc etc can all be changed if there will be at least a tiny bit of reason to do so. The fact that numerous alts (which have the sole purpose to make some money for their creators) implement some of those changes does not mean that they are better - you don't stick a rocket in your ass and claim that you are better than a Ferrari - you will be faster, for a while, but that's it. Nobody will be using you for transportation, sorry.

Second of all, do you truly believe that dumb trolls who registered yesterday already know how new currency gets from idea to a world-wide product much better than people who spent last 6 years thinking about it? Smiley Go on, continue public display of hot air inside your heads, is that why you create new account every day? Since you are afraid to be associated with the idiotic rubbish you post here? Don't answer, it is a rhetorical question.
full member
Activity: 574
Merit: 104
January 05, 2015, 10:24:27 AM
#17
Says a new user who just created this account to post FUD.
Roll Eyes

yeah, call me a credit-card shill next Mr. Smartass.
If the content of my comments is judged by my memberstatus you fail. 
legendary
Activity: 4284
Merit: 1316
January 05, 2015, 10:20:54 AM
#16
Says a new user who just created this account to post FUD.
Roll Eyes
full member
Activity: 574
Merit: 104
January 05, 2015, 10:20:44 AM
#15
bitcoin has obvious problems with the long halvings and for that reason will get off the ground more like next decade, not this one - that's how it was designed.

By then people will be on another coin which can hold its value today already... the decade-long inflation-problem built into bitcoin is completely unnecessary and basically would prevent the tech get off the ground the minute it is created.

Bitcoin is like: "we have this revolutionary new tech here, but it will not be profitable for investors before next decade"
That's Bullshit. Now what can crypto-tech do? Burning peoples money away is not magic or an achievement. Creating profits would be a thing one would expect from the new tech. Bitcoin is just not good for that. Uses lots of recources just to run, constant bloody waterfalls - and they will not stop soon. Too volatile.
The halvings, people - 4 years is just way too long.  
Remember: it's all just an experiment


I'll buy me some coins right now with faster halvings as they from my standpoint provide the solution.
sr. member
Activity: 256
Merit: 250
CSGOBetGuide.com - Esports Gambling List
January 05, 2015, 07:29:44 AM
#14
Some of the altcoins have good ideas for sure.  Doing away with the PoW, alternate uses, etc.  I can see the vote of confidence in them.
hero member
Activity: 840
Merit: 1000
January 05, 2015, 07:26:21 AM
#13
Welcome back. I am not aware of any darknet sites using any crypto other than btc. Are you?

Nope.

I am saying if and when it transpires that Bitcoin was irredeemably miscalibrated, the clues on which crypto might emerge to become Bitcoin 2.0, will be found on which alternatives are being used on the Darknet sites.

Don't underestimate the impact that Silk Road had on promoting Bitcoin.

P.S. I aint back, not yet. Just finally decided to taunt 'dropt' for laughing at me when I suggested that that the final bottom would be in the $200 range. I must admit that I have pondered on whether to take another bite at the cherry at these prices but my better instincts at this point are telling me to keep the fuck away, so keep the fuck away is what I am going to do.

If this were any other commodity, then $270 would be a screaming raging buy considering that just over 1 year ago, it was $1200 per pop. But unlike silver, gold, oil, grains, etc etc.....Bitcoin does not need to exist at an absolute minimum price. It really could go into oblivion and humanity would be none the worse off (aside from those who lose their shirts during the proceedings). This is not over yet.
legendary
Activity: 1176
Merit: 1000
January 05, 2015, 07:20:34 AM
#12
Lol you are reading too much into what they post. And in the end coin desk doesn't determine the fate of Bitcoin....the free market does.

Coindesk feeds Kool-Aid to the Kool-Aid merchants and keeps their hopes alive, leaving them holding the bag, as everyone else bails out.

If Bitcoin were dead, then cryptocurrency won't survive.

Technically Bitcoin and other bitcoin 2.0s are the same with the same basic technologies: BlockChain,Decentralized/Anonymous design...2.0 is just a Bitcoin-Improved version, and what most people know about cryptocurrency is only Bitcoin , most of them don't even know what is NextCoin, Ethereum....

Dunno about that.

Bitcoin is already:

Far too slow for transactions to clear
Far too energy intensive to mine and thus far too expensive for the p2p network to be maintained
Overpriced and thus, overmined in relation to adoption

If it turns out that Bitcoin 1.0 was miscalibrated, then I would fully expect a Bitcoin 2.0 of some description to emerge which corrects Bitcoins errs. If Bitcoin fades away, I would keep my eye on the Darknet markets to see which crypto they are using for pointers.

Welcome back. I am not aware of any darknet sites using any crypto other than btc. Are you?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
January 05, 2015, 07:16:57 AM
#11
Welcome to Bitcoin!

You may want to stop by the Beginner Help section here:
https://bitcointalk.org/index.php?board=39.0
hero member
Activity: 840
Merit: 1000
January 05, 2015, 07:10:13 AM
#10
Lol you are reading too much into what they post. And in the end coin desk doesn't determine the fate of Bitcoin....the free market does.

Coindesk feeds Kool-Aid to the Kool-Aid merchants and keeps their hopes alive, leaving them holding the bag, as everyone else bails out.

If Bitcoin were dead, then cryptocurrency won't survive.

Technically Bitcoin and other bitcoin 2.0s are the same with the same basic technologies: BlockChain,Decentralized/Anonymous design...2.0 is just a Bitcoin-Improved version, and what most people know about cryptocurrency is only Bitcoin , most of them don't even know what is NextCoin, Ethereum....

Dunno about that.

Bitcoin is already:

Far too slow for transactions to clear
Far too energy intensive to mine and thus far too expensive for the p2p network to be maintained
Overpriced and thus, overmined in relation to adoption

If it turns out that Bitcoin 1.0 was miscalibrated, then I would fully expect a Bitcoin 2.0 of some description to emerge which corrects Bitcoins errs. If Bitcoin fades away, I would keep my eye on the Darknet markets to see which crypto they are using for pointers.
legendary
Activity: 1937
Merit: 1001
January 05, 2015, 12:20:12 AM
#9
Bitcoin is taking a heavy beating at the moment.
But that article from coindesk is just largely hilarious, most of the projects cited are complete jokes.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 05, 2015, 12:18:58 AM
#8
If Bitcoin were dead, then cryptocurrency won't survive.

Technically Bitcoin and other bitcoin 2.0s are the same with the same basic technologies: BlockChain,Decentralized/Anonymous design...2.0 is just a Bitcoin-Improved version, and what most people know about cryptocurrency is only Bitcoin , most of them don't even know what is NextCoin, Ethereum....

coindesk is telling you bitcoin ends up with $0.xxxxx because bitcoin will be replaced
and NextCoin or Ethereum or others 2.0 coin will hit $1000 or more

Then I guess if what you say is true, Coindesk and its investors are buying up NXT, Ethereum etc right?

Oh wait...prices still in the dumps.  Cheesy
newbie
Activity: 2
Merit: 0
January 04, 2015, 11:40:08 PM
#7
If Bitcoin were dead, then cryptocurrency won't survive.

Technically Bitcoin and other bitcoin 2.0s are the same with the same basic technologies: BlockChain,Decentralized/Anonymous design...2.0 is just a Bitcoin-Improved version, and what most people know about cryptocurrency is only Bitcoin , most of them don't even know what is NextCoin, Ethereum....

coindesk is telling you bitcoin ends up with $0.xxxxx because bitcoin will be replaced
and NextCoin or Ethereum or others 2.0 coin will hit $1000 or more
legendary
Activity: 896
Merit: 1000
January 04, 2015, 11:34:06 PM
#6
If Bitcoin were dead, then cryptocurrency won't survive.

Technically Bitcoin and other bitcoin 2.0s are the same with the same basic technologies: BlockChain,Decentralized/Anonymous design...2.0 is just a Bitcoin-Improved version, and what most people know about cryptocurrency is only Bitcoin , most of them don't even know what is NextCoin, Ethereum....
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
January 04, 2015, 11:16:51 PM
#5
Lol you are reading too much into what they post. And in the end coin desk doesn't determine the fate of Bitcoin....the free market does.
hero member
Activity: 840
Merit: 1000
January 04, 2015, 11:16:08 PM
#4
I just went on Coindesk, the first article is 'Why Some Bitcoin Exchanges Might Die in 2015'

Also, they probably don't work weekends.
legendary
Activity: 1022
Merit: 1005
January 04, 2015, 11:13:17 PM
#3
I dont think you should read too much into this. Coindesk is not a BTC propaganda machine like Russia!  Grin
Since they are a website that reports on Bitcoin in general, it is but natural that they should talk about the negatives too. With the gloom all around concerning the drop in price of BTC, people tend to start focusing more on the negative aspects, this is human tendency so there really is nothing here to be afraid of, they are not ringing the final bell on bitcoin (yet).  Smiley
legendary
Activity: 2772
Merit: 1028
Duelbits.com
January 04, 2015, 11:09:56 PM
#2
Don'tbesilly.
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