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Topic: Giving up on Bitcoin... - page 3. (Read 3739 times)

hero member
Activity: 1106
Merit: 521
December 13, 2016, 05:59:27 PM
#64
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 yet the transaction volume rises and the price is going up also,  i get your frustrations, but seriously giving up on bitcoin is just stupid.  sticking it out when the going gets tough is what bitcoin needs, so i suppose your no great loss......  Sad
legendary
Activity: 2436
Merit: 1804
guess who's back
December 13, 2016, 05:51:24 PM
#63
can't tell you what to do or to think cause this is a personal matter , but personally I won't give up bitcoins
so far I'm not seeing anything wrong , and I'm actually really optimistic when it comes to bitcoin future

if circle gave up bitcoin that doesn't mean that they did the right thing 
newbie
Activity: 28
Merit: 0
December 13, 2016, 05:40:48 PM
#62
The markets are sure changing thats for sure. Bittrex exchange volume is consistently well below Yobit and Livecoin. Doesnt mean bitcoin is dead. it means Bittrex is dead.
legendary
Activity: 1386
Merit: 1016
December 13, 2016, 12:52:56 PM
#61
On the other side, i am quite happy with bitcoins and may even plan to get more of it as times goes by. I am even in signature campaign so i also can slowly gain more btc for my usage. Dealing can never be more easy with btc.
newbie
Activity: 51
Merit: 0
December 13, 2016, 12:45:04 PM
#60
...and by "giving up" the OP means he will continue to post FUD well into the future!

Hahaha. That's what the post seems to be about, yes.

one thing I can surely say, bitcoin is truely a blessed currency.

Blessed by whom?  Muhammed or Jesus? 

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

I think you're getting closer to a proper ragequit. Smiley
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!

Haha yes Mike Hearn had quite the little hissyfit now didn't he.

So @op, what have you personally contributed to make bitcoin better? Nothing? Oh, then stop hoping for a handout and do it yourself. Don't let the door hit you in the arse on your way out.
legendary
Activity: 1652
Merit: 1007
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December 13, 2016, 12:41:04 PM
#59
Everyone hopes and suggest the price will BOOM next year and he gives up BTC. Why? It s 2 complicated?

Dude, I suggest you take a deep breath, have a walk and stay away from your machine for a few days. Cause if you do leave, you ll be missing out A LOT.
member
Activity: 61
Merit: 10
December 13, 2016, 12:40:02 PM
#58
I don't see why we should give up on bitcoin as the price keeps rising. Businesses will come and go just like in any industry, so I wouldn't worry about Circle.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
December 13, 2016, 12:39:35 PM
#57
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

i very doubt you can trade the whole market with only 5 coins, while i agree that many coins are not in play, i also think that at least few million are on the exchange being dumped and bought again for fiat, and yyou are forgetting about trading that happen outside of exchange, private trading also determine the value
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
December 13, 2016, 12:33:54 PM
#56
I see some people disillusioned with bitcoin but most of those people seems to be upset from an ideological point of view, as it may seem bitcoin is not moving fast enough, but as long as bitcoin serves its purpose of been a currency and it is used by people I don't see why we should give up at all.
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
December 13, 2016, 12:21:45 PM
#55
Nobody can rely on words of a company after having sole purpose the profit. This particular promotes an open source software called Spark related to blockchain. So probably would be strange and there is no reason to stay in bitcoin.
full member
Activity: 133
Merit: 100
December 13, 2016, 12:07:38 PM
#54
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.


THIS.

P.S The CEO of circle is an idiot
hero member
Activity: 1246
Merit: 588
December 13, 2016, 12:02:57 PM
#53
one thing I can surely say, bitcoin is truely a blessed currency.

Blessed by whom?  Muhammed or Jesus? 

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

I think you're getting closer to a proper ragequit. Smiley
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!

Well, if paypal 2.0 is now available in the market here comes bitcoin 2.1. I mean where was that person actually living? Is he from a certain tribe who does not know the value of cost?(I highly respect every tribe tho)
hero member
Activity: 798
Merit: 503
December 13, 2016, 11:48:52 AM
#52
If you're giving up on Bitcoin, then I say I wish you well in future endeavours but for me and the number of people on this forum including those finding their ways in on a daily basis, we are not giving up yet. For the article and the reason given by the CEO as to why they are letting go of Bitcoin is something I see solely rest on perception which can equally be change with the right campaign in the right direction all that is needed is just the push if he has not given up already...
legendary
Activity: 1806
Merit: 1024
December 13, 2016, 11:41:15 AM
#51
one thing I can surely say, bitcoin is truely a blessed currency.

Blessed by whom?  Muhammed or Jesus? 

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

I think you're getting closer to a proper ragequit. Smiley
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!
sr. member
Activity: 435
Merit: 251
December 13, 2016, 11:15:54 AM
#50
In Blockchain Web wallet there are around 8 millions users, so Bitcoin market is stable and future is good. No one altcoin do not have so many users. And there is no other technology like Bitcoin, so Bitcoin will expand in future. 
legendary
Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
December 13, 2016, 11:09:32 AM
#49
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.

You are talking like "This dog has bit me so every dog in the world will be thinking about biting me and am fuc*ed."
I hope you understood what I meant. There are many alternative coins are there in the market. Try them and take the one which is good for you. Leaving won't make anything better.  Smiley
hero member
Activity: 588
Merit: 500
December 13, 2016, 10:35:51 AM
#48
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.

   Nice description, we can see where is internet now after + 25 years. If bitcoin be nearly successful like internet is, then this guys from Circle will come back into bitcoin world. It may take longer time for bitcoin to be accepted like internet, internet didnt have competition like bitcoin have now in old currencies. People have habits and for them its hard to give up fiat, this guys give up on wrong currency.
legendary
Activity: 1288
Merit: 1087
December 13, 2016, 10:25:23 AM
#47
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.
legendary
Activity: 1358
Merit: 1014
December 13, 2016, 10:10:52 AM
#46
And the price just keeps climbing.   Wink
And the functionality just keeps falling.

Yeah, people keep seeing more and more value in something that supposedly keeps falling in functionality.

Again you dumb retard, Bitcoin will stay as the best safe haven on earth if the idiots blocking segwit continuing doing so. If they start listening to intelligent people like Andreas Antonopoulos for example and not FUDsters like you, they will learn the fact that:

1) Increasing block size before segwit activation is a mistake
2) ALL Core devs except one want to increase the block size eventually, so no "1MB forever" FUD here.

But sure, "TKeenan", whoever the fuck that is, knows more about Bitcoin than Andreas Antonopoulos!

hero member
Activity: 882
Merit: 506
December 13, 2016, 10:05:22 AM
#45
Circles and OP has some good points. Like the 95% consensus, that's near impossible to achieve as it is almost a perfect 100% to decide on a matter. Bitcoin might be indeed falling apart or probably bitcoin is just consolidating, people are just not spending bitcoin too much because we are all waiting for that mythical unicorn or the $1,000 price mark.

I would have to agree with the proposal that bitcoin transactions should be sped up. If we can see an instantaneous transactions then that would really change the game again. Also, the problem of finite number of bitcoins is really troubling in my opinion. As maybe one day bitcoin supplies will deplete and the demand just rises. Bitcoins depletes every day. Even if we mine everyday the total amount of bitcoins that will ever be mined depletes. This is because there are plenty of wallets that go dormant with a few satoshis in them. Let's multiply those small satoshis in the millions as a result we lost so much precious and scarce bitcoins every year.
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