Topic: Giving up on Bitcoin... - page 3. (Read 3690 times)

I am not the only one, lots of people have already given up.  Very fucking stupid mismanagement is the result.  At least TCP-IP and Linux had some means to make sensible adjustments in the early days.

Circle Gives Up Bitcoin

Bitcoin has no means to fix things that need a fixin'.  "Consensus" is just a very stupid concept.  95% consensus will never be reached for any issue.  Bitcoin is fucked.  Doesn't scale.  Everyone already left.

...and by "giving up" the OP means he will continue to post FUD well into the future!

I think you're getting closer to a proper ragequit.
Come on, don't be shy, make it complete. Go for the whole nine yards. Just do it Hearn-style!

The demand to store the financial footprint of every lolly purchased on a limited resource like the Bitcoin blockchain at zero cost is similar to expecting a free ride on every cab in every city of the world. Using valuable resources comes with a cost. If they are for free, they tend to worth nothing. If every frappuccino transaction would be stored in the blockchain for free, the resulting blocksize would lead to the death of the decentralized network and Bitcoin would become worthless.

On-chain bigblock-scaling is a either a fools idea or a concept to destroy the decentralized nature of Bitcoin to make it a Paypal 2.0 and subjugate it to governmental control.

ya.ya.yo!

the price is meaningless..

if there are 16m coins.. but imagine only 5 coins on an exchange being swapped between 10 people.. those 5 coins dictate the price of the whole 16mill coins without involving the 16m coins.

basing bitcoins economy, bitcoins utility and bitcoins society on an exchange price is flawed.
infact in the last 12 month people have noticed real world inflation where a loaf of bread has jumped more than 20%

last year i could buy 2litres(4pints) of milk for £1. now the same shop sells it for £1.45
last year a loaf of bread was 50p (cheap ownbrand) now its 80p. major brand went from £1 to £1.50
yea they do deals for 2for£2 to hide the increase or help people get used to the increase by making them buy double to 'save'. but the reality is inflation has hit people pockets

so seeing bitcoin go from $650 to $770 is not a shock.. its basically means i can still buy the same amount of loaves of bread as last year.

also the amount of coins on an exchange has DROPPED. less people are confident about exchanges so we are not seeing millions of coins held on exchanges like in 2013.. now its just a couple hundred thousand. usually some are only hoarding 50k of customers coins. so again the bitcoin price vs the economy are not correlating in any way to suggest the economy/society/utility is growing

giving up on bitcoin now is a little like giving up on the internet in the late 80s/early 90s.

and I think it's a much harder sell than the internet so it may take considerably longer before it's anywhere near ubiquitous.

it's not gonna happen on a timescale that matches the average human's patience.

I think you're getting closer to a proper ragequit.
Come on, don't be shy, make it complete. Go for the whole nine yards. Just do it Hearn-style!

The demand to store the financial footprint of every lolly purchased on a limited resource like the Bitcoin blockchain at zero cost is similar to expecting a free ride on every cab in every city of the world. Using valuable resources comes with a cost. If they are for free, they tend to worth nothing. If every frappuccino transaction would be stored in the blockchain for free, the resulting blocksize would lead to the death of the decentralized network and Bitcoin would become worthless.

On-chain bigblock-scaling is a either a fools idea or a concept to destroy the decentralized nature of Bitcoin to make it a Paypal 2.0 and subjugate it to governmental control.

ya.ya.yo!

Blessed by whom?  Muhammed or Jesus? 

I don't want to use any fucking currency blessed by the wrong guy.

I am not the only one, lots of people have already given up.  Very fucking stupid mismanagement is the result.  At least TCP-IP and Linux had some means to make sensible adjustments in the early days.

Circle Gives Up Bitcoin

Bitcoin has no means to fix things that need a fixin'.  "Consensus" is just a very stupid concept.  95% consensus will never be reached for any issue.  Bitcoin is fucked.  Doesn't scale.  Everyone already left.

giving up on bitcoin now is a little like giving up on the internet in the late 80s/early 90s.

and I think it's a much harder sell than the internet so it may take considerably longer before it's anywhere near ubiquitous.

it's not gonna happen on a timescale that matches the average human's patience.

And the functionality just keeps falling.