umm , but many people still like to trading in bitcoin
it will alive for long time in future bitcoin
so? the problem is bitcoin anonymous , many people can easyly money laundering at bitcoin
Topic: Goodbye Bitcoin - page 2. (Read 6081 times)
Goodbye Bitcoin? haha i would say goodbye if no one will use it or i will never used this again but for me it wont happen, bitcoin now is very developing and growing cryptocurrency since now and then. i will still use bitcoin because i dont see any reasons to leave bitcoin it. If bitcoin will encounter some problems then no doubt it will find away a solution and it will gives us more value
i am doing the same like you if there are no one use bitcoin again and maybe i will abandon my bitcoin in my wallet but i think its not gonna happen for now as we can see that the price is really good than last week. we can see that the price is increase more from yesterday and i hope the price will stay in that range.
Precisely, you cannot use just transaction fees to ridicule all the enormous advantages of Bitcoin. We all have reservations about the fees that goes to the miners and the time it takes for it to confirm but we should also appreciate what this brilliant technology has done for our livelihoods. I don't think this will kill/end Bitcoin but the developers will work something out to remedy the situation.
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Goodbye Bitcoin? haha i would say goodbye if no one will use it or i will never used this again but for me it wont happen, bitcoin now is very developing and growing cryptocurrency since now and then. i will still use bitcoin because i dont see any reasons to leave bitcoin it. If bitcoin will encounter some problems then no doubt it will find away a solution and it will gives us more value
i am doing the same like you if there are no one use bitcoin again and maybe i will abandon my bitcoin in my wallet but i think its not gonna happen for now as we can see that the price is really good than last week. we can see that the price is increase more from yesterday and i hope the price will stay in that range.
Yet, the price was up to $1.090 bitcoin and looks like before the month of March will amount to $1.100. I think the bitcoin can last a long time because the user continues to increase.
I agree with some of the problems you've said. The fee is getting ridiculous at the moment and the transaction speed is getting slower and slower because of the increased difficulty. But if you compare it to other payment, bitcoin is still one of the few who offer lower fee, and bitcoin's function is not only as a currency nowdays. This problem has been there for some time and bitcoin won't die from that.
Yes there should be some improvement and development to decrease the transaction fee and decrease the transaction time, I know that this can't happened instantly but must through a long process, but I believe in the future bitcoin can become better, the reason why there are a lot of new users are because all of them believe bitcoin is a great investment and will makes their transaction easier
It would be really impossible in a short time cause right now it would be great for bitcoin to have more developers and miners .
I tnink that the reason why there is an increasing new users is because you can actually earn in bitcoin . Right now you can't do much with bitcoin cause it is not widely accepted but is a good way to earn money .
Can't blame OP if he decided to quit bitcoin cause he has been around for years but didn't get any . But If I were you I will watch bitcoin until its end . You don't need to devote long hours through it . Just your vacant time will do . We're all risking here for maybe's anyway
Your concern is right, transaction fee is very high, but the confirmation is still very slow. Don't forget we pay a lot to miners.
i do not think that transaction fee is very high you can check that bitcoin transaction fees is very much lower than other and it confirmation take few minutes which is also too much faster so i will be in the world of bitcoin forever. 
Your concern is right, transaction fee is very high, but the confirmation is still very slow. Don't forget we pay a lot to miners.
i do not think that transaction fee is very high you can check that bitcoin transaction fees is very much lower than other and it confirmation take few minutes which is also too much faster so i will be in the world of bitcoin forever. If you think that Bitcoin is over just sell all you bitcoins and forgot about it. In 1-2 years when your children ask you, why didn't you buy some bitcoins when they cost less then $1 mln we get back to this theme 
I am sure that his reply would be "It's because Daddy's thought that bitcoin will die that day, that is why I don't have bitcoin right now kids"
I don't know why OP is posting something like this, while he truly knows to himself that bitcoin will not easily die like that. It is normal that bitcoins transaction fee on the FAUCET will be higher than before because it is just free bitcoins, so there is no reason to complain about this, maybe you could OP if you are doing something that is more complicated than doing FAUCET, but the truth is you are not.
Ok lemme respond to a few people, obviously I will ignore the signature spammer's nonsense.
First of all I am not doing faucets anymore, so I dont know why you come to me from that angle. I used to do those back in 2014 when I was newbie and didnt know better. I was just comparing the time wasted back then (where I thought the satoshis will be worth a lot) vs the fees wasted now.
Many people used to do faucets, I know its a waste of time. But it's even worse to make fun of those people, who now have to pay their entire 2013-2014 earnings just to send a transaction. It's really pathetic.
Not always, the network varies, and if you need to send an urgent transaction ,you cant wait 72 hours until the "spam attack" ends.
So you either send 70k satoshi fee, or you wait. Which makes the BTC experience the same as wiping my ass with a barbwire.
So you think that less than decade should be enough for Bitcoin to take over the world?
8 years to estroy all centralized competition: financial institutions, electronic payment processors and become pinnacle of evolution of currency?
It is not how development and progress works. World won't change over night, even with the most ground breaking invention.
No,I am saying that with this pace and this attitude, Bitcoin will never take over the world. It will be another altcoin.
The internet was able to scale easily. Bitcoin is not.
Quoted for future reference. Now you can join the club of losers that quit and then realize the bitcoin price went x2 when they look back just like Mike Hearn. So please dump, and come back in a couple of years so we can laugh at you and your FUD.
Bitcoin is the best. No coin that has cheap fast onchain transactions at VISA level while offering the same security backed by the massive bitcoin PoW network will ever exist because its physically impossible. If such coin existed, we would all buy and become billionaires overnight.
The VISA part will get covered by LN. If we don't get an optimal LN, you can blame the idiots that block segwit.
In any case, bitcoin will remain the most valued coin and will only keep growing, so have fun being a loser.
The price is not the only metric.
Besides the price is now at almost all time highs, I doubt it will go higher than this, especially with the upcoming regulations.
Maybe 2000, if we get lucky, and then what? As soon as a better competitor emerges, which can really scale and has cheap transactions.
It will dwarf bitcoin.
Legitimate criticisms? I disagree. It looks more like you were an early adopter that was spoiled because he was able to easily append the block chain simply because there was no competition at the time (Bitcoin was still untested and unknown) and security came from the block subsidies (which don't last forever you know). As soon as there is some healthy competition for confirmations, the spoiled brats cry and moan and pull a whiny heam-quit.
Early adopter my ass. I had no coins back then, and when I bought some, the price went down.
I have also got scammed many times, I overall lost more money than I made.
So yes I have joined BTC when the price went down, and now I am quitting when the price goes up.
Why is this? Because, I think that this euphoria that you are experiencing is fake, and if the scaling problem is not solved, then BTC can go back where it came from, back to 1$.
But I'm a bit more optimistic than you. There are forces in Bitcoin who want to break the stalemate. They just aren't that visible in this forum, as internet forums mostly emphasize extreme opinions. A good compromise could be a Segwit enabling in trade of a yearly or bi-yearly block size increase hard-coded into the protocol - an agreement the miners that block Segwit could agree to (actually that has already been tried with the Hongkong Agreement last year, perhaps a new initiative can have more success).
I hope you are right. Because I dont see these "forces".
I will nontheless monitor BTC's success , it's just that I have to take a break from BTC. All this infighting is just not for me.
You've sent the message for us, thanks in advance.
I'm sorry to hear that you have to leave bitcoin, so I hope you really do it and do not ever come back.
Yes, it's pointless to argue with trolls, I think the problems will push them until the limit of it (community), whether to stay or agree to improve.
Nothing I can say about it as we don't have big role for all of the community and just a user, so we just wait until they decide to move forward.
Your ignorance represents the ignorance of the community that I have been talking about. This is why BTC will fail.
No open minded discussion, just fanboys and cult-mentality.
It used to be 5000 satoshi a couple months ago.
That is a 1,400% increase. With this pace, in a year the fee will be 980000 or 10.32$.
But it actually won't be, because by then hardly anyone will use BTC if this continues.
First of all I am not doing faucets anymore, so I dont know why you come to me from that angle. I used to do those back in 2014 when I was newbie and didnt know better. I was just comparing the time wasted back then (where I thought the satoshis will be worth a lot) vs the fees wasted now.
Many people used to do faucets, I know its a waste of time. But it's even worse to make fun of those people, who now have to pay their entire 2013-2014 earnings just to send a transaction. It's really pathetic.
Then you should know to report fees in satoshi/byte not absolute amount.
Also a transaction with 1 input and 1 output is less than 200 bytes and even with 120 satoshi/byte you could have high priority with only 24,000 satoshi
Also a transaction with 1 input and 1 output is less than 200 bytes and even with 120 satoshi/byte you could have high priority with only 24,000 satoshi
Not always, the network varies, and if you need to send an urgent transaction ,you cant wait 72 hours until the "spam attack" ends.
So you either send 70k satoshi fee, or you wait. Which makes the BTC experience the same as wiping my ass with a barbwire.
So you think that less than decade should be enough for Bitcoin to take over the world?
8 years to estroy all centralized competition: financial institutions, electronic payment processors and become pinnacle of evolution of currency?
It is not how development and progress works. World won't change over night, even with the most ground breaking invention.
No,I am saying that with this pace and this attitude, Bitcoin will never take over the world. It will be another altcoin.
The internet was able to scale easily. Bitcoin is not.
Quoted for future reference. Now you can join the club of losers that quit and then realize the bitcoin price went x2 when they look back just like Mike Hearn. So please dump, and come back in a couple of years so we can laugh at you and your FUD.
Bitcoin is the best. No coin that has cheap fast onchain transactions at VISA level while offering the same security backed by the massive bitcoin PoW network will ever exist because its physically impossible. If such coin existed, we would all buy and become billionaires overnight.
The VISA part will get covered by LN. If we don't get an optimal LN, you can blame the idiots that block segwit.
In any case, bitcoin will remain the most valued coin and will only keep growing, so have fun being a loser.
The price is not the only metric.
Besides the price is now at almost all time highs, I doubt it will go higher than this, especially with the upcoming regulations.
Maybe 2000, if we get lucky, and then what? As soon as a better competitor emerges, which can really scale and has cheap transactions.
It will dwarf bitcoin.
Legitimate criticisms? I disagree. It looks more like you were an early adopter that was spoiled because he was able to easily append the block chain simply because there was no competition at the time (Bitcoin was still untested and unknown) and security came from the block subsidies (which don't last forever you know). As soon as there is some healthy competition for confirmations, the spoiled brats cry and moan and pull a whiny heam-quit.
Early adopter my ass. I had no coins back then, and when I bought some, the price went down.
I have also got scammed many times, I overall lost more money than I made.
So yes I have joined BTC when the price went down, and now I am quitting when the price goes up.
Why is this? Because, I think that this euphoria that you are experiencing is fake, and if the scaling problem is not solved, then BTC can go back where it came from, back to 1$.
But I'm a bit more optimistic than you. There are forces in Bitcoin who want to break the stalemate. They just aren't that visible in this forum, as internet forums mostly emphasize extreme opinions. A good compromise could be a Segwit enabling in trade of a yearly or bi-yearly block size increase hard-coded into the protocol - an agreement the miners that block Segwit could agree to (actually that has already been tried with the Hongkong Agreement last year, perhaps a new initiative can have more success).
I hope you are right. Because I dont see these "forces".
I will nontheless monitor BTC's success , it's just that I have to take a break from BTC. All this infighting is just not for me.
You've sent the message for us, thanks in advance.
I'm sorry to hear that you have to leave bitcoin, so I hope you really do it and do not ever come back.
Yes, it's pointless to argue with trolls, I think the problems will push them until the limit of it (community), whether to stay or agree to improve.
Nothing I can say about it as we don't have big role for all of the community and just a user, so we just wait until they decide to move forward.
Your ignorance represents the ignorance of the community that I have been talking about. This is why BTC will fail.
No open minded discussion, just fanboys and cult-mentality.
C'mon now, 70,000 satoshi? Thet's about 70 cents, that ain't nuthin!
It used to be 5000 satoshi a couple months ago.
That is a 1,400% increase. With this pace, in a year the fee will be 980000 or 10.32$.
But it actually won't be, because by then hardly anyone will use BTC if this continues.
You may have some great points to consider there and it was normal. Not everyone of course is 100% sure about the future of bitcoin so you will definitely get a mixed reactions from different people who are into bitcoin today. I've also some doubts about it and I also see some future struggles.
I agree with some of the problems you've said. The fee is getting ridiculous at the moment and the transaction speed is getting slower and slower because of the increased difficulty. But if you compare it to other payment, bitcoin is still one of the few who offer lower fee, and bitcoin's function is not only as a currency nowdays. This problem has been there for some time and bitcoin won't die from that.
Yes there should be some improvement and development to decrease the transaction fee and decrease the transaction time, I know that this can't happened instantly but must through a long process, but I believe in the future bitcoin can become better, the reason why there are a lot of new users are because all of them believe bitcoin is a great investment and will makes their transaction easier
Goodbye Bitcoin? haha i would say goodbye if no one will use it or i will never used this again but for me it wont happen, bitcoin now is very developing and growing cryptocurrency since now and then. i will still use bitcoin because i dont see any reasons to leave bitcoin it. If bitcoin will encounter some problems then no doubt it will find away a solution and it will gives us more value
Ahh, I don't know how to say this, but I have to say the truth. Bitcoin is over. The 8 year experiment that was meant to change the world for the better and to emancipate the human population, has turned into an echochamber of trolls who yell at eachother, while the system is slowly collapsing, and being replaced by other altcoins.
I am in Bitcoin since 2013-2014, I have seen all of it, and mostly the inability of it to evolve. It wasn't as bad until 2015, and throughout 2016 I was silent, but now it's 2017, and things are getting worse. Only a fool will deny that.
If this continues, then Bitcoin will be over. I don't want that, since I have obviously invested a lot of time and effort into this. But I fear that there is no other option now, as I am seeing the inability of the community to resolve issues.
I have sent a transaction 2 days ago, and guess how much fee I had to pay? 70,000 satoshi.
Yes 70,000 satoshi for an average size transaction, with 1 input and 1 output, in order to be confirmed within 2 blocks.
I remember the time when back in 2014 I used to work 3 hours doing stupid faucets for 70,000 satoshi, and now it's all gone in 1 transaction?
I am in Bitcoin since 2013-2014, I have seen all of it, and mostly the inability of it to evolve. It wasn't as bad until 2015, and throughout 2016 I was silent, but now it's 2017, and things are getting worse. Only a fool will deny that.
If this continues, then Bitcoin will be over. I don't want that, since I have obviously invested a lot of time and effort into this. But I fear that there is no other option now, as I am seeing the inability of the community to resolve issues.
I have sent a transaction 2 days ago, and guess how much fee I had to pay? 70,000 satoshi.
Yes 70,000 satoshi for an average size transaction, with 1 input and 1 output, in order to be confirmed within 2 blocks.
I remember the time when back in 2014 I used to work 3 hours doing stupid faucets for 70,000 satoshi, and now it's all gone in 1 transaction?
I don't know why this nonsense thing about bitcoin is always reposting here, no offense but, you are the one who is responsible for this, bitcoin doesn't want you to do FAUCET in the first place, because it was you, and you are saying that bitcoin is getting worse just because you are not earning anymore in FAUCET because the fees on every transaction just got higher than its price before?
There are a lot of ways on how to earn bitcoin and I don't know why you are complaining about on your earnings in the FAUCET, if you are earning on it anymore because of the higher transaction fee, then just simply quit doing it, simple as that, and please, stop blaming bitcoin for this.
Now I have heard the dumbasses saying that we can't have faster than 10 min confirm time because it will create orphans (strangely other cryptocoins don't have this issue). So I can put up with a 10 min confirmation time, just for the sake of this argument.
But to pay 70,000 satoshi in order to have 20 min confirmation, is just ridiculous. I might as well just switch to Paypal, what is the difference at this point?
The alternative of course was to wait 30-40 blocks with a 12000 satoshi fee.
Now is Bitcoin "A Peer-to-Peer Electronic Cash System" like satoshi wanted, with 70,000 satoshi fee OR 40 block wait time?
Or is Bitcoin just a Frankenstein monster, that has obvious flaws (this, miner centralization, nodes are not incentivized, etc) that will slowly die off once better alternatives come in?
And the community reaction is also deplorable. Most people call me troll or shill, just for pointing out legitimate criticisms? What you can't criticize Bitcoin now? Is Bitcoin just an echochamber of fanatics and fanboys? Because without criticism, you can't solve issues.
Given the fact that most new Bitcoiners are from 3rd world countries, where high transaction fee is unacceptable. And given the fact that most people in the world like simple & elegant solutions (like how Apple conquered the marketplace with this method).
People want simple solutions:
So out of these 5 critical marketing poinst, bitcoin can only deliver 1, which is a very poor performance. And there are of course other security related issues, but they are not necessarly cared by Average Joe.
So it seems to me that 3rd worlders have absolutely no incentive to use Bitcoin. They will just use another cryptocurrency that can deliver these promises.
Segwit will probably not pass, and then we will be stuck another 2 years bitching and moaning at eachother and trying to find scapegoats.
And in that time, Bitcoin will be replaced by a better alternative, once the majority of people realize that it's pointless to argue with trolls.
So after 4 years of being in this community, I'm afraid I have to leave it now. I don't see any hope for Bitcoin in the long run. It was a good prototype, and it definitely taught us a lot of good technical things, but also a lot of game theory/ sociology things, where it has been proven in my opinion, that consensus can't be made without a clear voting platform.
So yes, Bitcoin was the first, we thank satoshi for his work. But Bitcoin isn't "THE ONE". It's just a failed prototype with many bugs. And out of this failure a better and stronger coin will arise.
But to pay 70,000 satoshi in order to have 20 min confirmation, is just ridiculous. I might as well just switch to Paypal, what is the difference at this point?
The alternative of course was to wait 30-40 blocks with a 12000 satoshi fee.
Now is Bitcoin "A Peer-to-Peer Electronic Cash System" like satoshi wanted, with 70,000 satoshi fee OR 40 block wait time?
Or is Bitcoin just a Frankenstein monster, that has obvious flaws (this, miner centralization, nodes are not incentivized, etc) that will slowly die off once better alternatives come in?
And the community reaction is also deplorable. Most people call me troll or shill, just for pointing out legitimate criticisms? What you can't criticize Bitcoin now? Is Bitcoin just an echochamber of fanatics and fanboys? Because without criticism, you can't solve issues.
Given the fact that most new Bitcoiners are from 3rd world countries, where high transaction fee is unacceptable. And given the fact that most people in the world like simple & elegant solutions (like how Apple conquered the marketplace with this method).
People want simple solutions:
- Pronouncable addresses instead of long hash text
- Instant confirmation times (yes it's possible)
- Low or no fees (yes it's possible)
- Unlimited transactions (yes it's possible)
- Simple wallet GUI (ok, this one bitcoin does have through mobile apps)
So out of these 5 critical marketing poinst, bitcoin can only deliver 1, which is a very poor performance. And there are of course other security related issues, but they are not necessarly cared by Average Joe.
So it seems to me that 3rd worlders have absolutely no incentive to use Bitcoin. They will just use another cryptocurrency that can deliver these promises.
Segwit will probably not pass, and then we will be stuck another 2 years bitching and moaning at eachother and trying to find scapegoats.
And in that time, Bitcoin will be replaced by a better alternative, once the majority of people realize that it's pointless to argue with trolls.
So after 4 years of being in this community, I'm afraid I have to leave it now. I don't see any hope for Bitcoin in the long run. It was a good prototype, and it definitely taught us a lot of good technical things, but also a lot of game theory/ sociology things, where it has been proven in my opinion, that consensus can't be made without a clear voting platform.
So yes, Bitcoin was the first, we thank satoshi for his work. But Bitcoin isn't "THE ONE". It's just a failed prototype with many bugs. And out of this failure a better and stronger coin will arise.
You are not the only one who is using bitcoin, it is just normal that it will take some time before your transactions get confirmed in the Blcokchain because there is a lot of Transactions in the Blockchain that is been processing everyday. Specially this year, bitcoin's population in rapidly increasing everyday, because of its popularity, the blockchain size should be bigger than its size right now because of what you are just complaining about. Since its transactions is bigger than the bitcoins population, that is why it takes time for a single transaction to be confirmed, and the BU team and the SegWit team, correct me if I'm wrong.
I agree with most of the problems you have discussed. Bitcoin is at its hardest point in the timeline for new users, We need much of the changes in Bitcoin to continue with it. I hope Segwit will be a solution. 
I agree with some of the problems you've said. The fee is getting ridiculous at the moment and the transaction speed is getting slower and slower because of the increased difficulty. But if you compare it to other payment, bitcoin is still one of the few who offer lower fee, and bitcoin's function is not only as a currency nowdays. This problem has been there for some time and bitcoin won't die from that.
If you think that Bitcoin is over just sell all you bitcoins and forgot about it. In 1-2 years when your children ask you, why didn't you buy some bitcoins when they cost less then $1 mln we get back to this theme
Hahahah, you have a point in that matter pal
And besides no one is forcing him to leave this industry. It maybe for him bitcoin is goodbye, but it doesn't mean he/she can influence other's to hate bitcoin like what he/she feels right now.
Maybe you look on it only from a single point of view, maybe you should change your perspective. First, I agree, that the fees are incredibly high nowadays when we compare them to fees years ago, on the other hand, if you compare them to fees for international bank transfers, they are still soooo low (btc transfer fee is aprox. 1/10 of bank fee - in a country where I live). The second thing is, that today bitcoin is not only a tool for money transfers, I would say that it is mostly used for investments. In the beginning, it was meant as a payment tool, like gold used to be ages ago, but nobody pays with gold these days. And it may be simmilar with bitcoin. There can be better cryptos for money transfers and maybe they will be used more frequently in a future, but bitcoin can still stay as a virtual currency with a biggest value.
OP just wants as more people as possible to start selling their coins in panic. He waits, price drops, he buys.
Nice try, OP. Good luck with waiting for under $1k. Not sure if this will ever happen though. )
Nice try, OP. Good luck with waiting for under $1k. Not sure if this will ever happen though. )
in Core v0.14 they announced removal of coin age meachanism (quote "Support for "priority" (coin age) transaction sorting for mining is considered deprecated in Core and will be removed in the next major version." - https://github.com/bitcoin/bitcoin/blob/0.14/doc/release-notes.md).
Does it mean that zero (or very low) fee transactions will never be included in any block...?
Does it mean that zero (or very low) fee transactions will never be included in any block...?
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