Has Bitcoin Failed to Deliver ? - page 2.

Pearls Before Swine

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Quote from: RawDog on November 29, 2016, 03:47:00 PM

Quote from: Holliday on November 29, 2016, 03:16:38 PM

Bitcoin does exactly what I need it to do. I can store value while retaining the ultimate control over the asset, and I can transfer value to anyone, across any arbitrary border, without requiring the help of a middleman or permission of an authority.

It will only fail you if you had unrealistic expectations from the start.

BitPay had signed up 10,000 merchants with the expectation (probably unreasonable) that people would transact with bitcoin for things other than store of value.

Now that Holiday is satisfied with his 'store of value' use, let's just throw away all other anticipated uses.

Fuck.

I've never needed to use bitcoin to buy anything, and I know I'm not alone. I think BTC is a great store of value as long as other people think the same, and thus far they do. Bitcoin has not failed by a long shot. Look at the price. The market is giving its opinion on that loud and clear.

KennyR

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Bitcoin is not all a failed one, if it is a failure we could have not known about the word digital currency. Most digital currencies followed bitcoin but not able to withstand strong as bitcoin. Bitcoin is young to experience such a big growth, people who misunderstand it describes it as failure but its the growth.

crairezx20

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Quote from: Daniel91 on December 08, 2016, 12:21:30 PM

It's still to early to answer such question.
Bitcoin is still new, revolutionary project and many people have never heard of it.
I think that we still have to make a lot effort in order to make Bitcoin more popular, new payment standard in the world.
If this does not happen in the next few years, and some other crypto currency replace bitcoin, only then will we be able to say that bitcoin failed.

It is new but i think many people right now are developing it they are not actually bitcoin to be publicity unless if bitcoin is legal in many countries..
We heard that some country like brazil and paris are now accepting bitcoin locally so i think in the future we will see that bitcoin will be success.
Honestly i am satisfied what is bitcoin right now..

deisik

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Quote from: OmegaStarScream on December 08, 2016, 10:29:16 AM

Since most of you here are that Bitcoin has not failed to deliver yet and BTC is still young and have the possibility to grow more , I want to ask you this ... while taking in consideration that SegWit signalling percentage seem to be very slow and there is a chance that It won't be activated , could we say that Bitcoin has failed to deliver then (after not being able to activate SegWit and LN with it) ?

We should not draw sweeping conclusions

If a few important updates don't get activated, for example, due to the lack of consensus (I don't really know if they can't be activated for other reasons, so bear with me) and Bitcoin adoption freezes exactly for this reason, say, due to blocks being full to the hilt and many thousands of transactions not being confirmed day by day, that would be a good reason to hard fork Bitcoin with the purpose of creating a more robust update system

Daniel91

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It's still to early to answer such question.
Bitcoin is still new, revolutionary project and many people have never heard of it.
I think that we still have to make a lot effort in order to make Bitcoin more popular, new payment standard in the world.
If this does not happen in the next few years, and some other crypto currency replace bitcoin, only then will we be able to say that bitcoin failed.

Coccacc

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It still too soon to say bitcoin has failed to deliver itself, its still young even for more years to come. We might say bitcoin will succeed when we almost use bitcoin in our everyday life and use just like paper money.

manbitcoinlover

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I mean it depends how you look at it. It has not failed for online gambling, buying and selling with bitcoin online. Has it been implemented in each store or in mega stores worldwide? NO. But, its to early to tell if that will happen or not.

BitcoinHodler

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Quote from: OmegaStarScream on December 08, 2016, 10:29:16 AM

Since most of you here are that Bitcoin has not failed to deliver yet and BTC is still young and have the possibility to grow more , I want to ask you this ... while taking in consideration that SegWit signalling percentage seem to be very slow and there is a chance that It won't be activated , could we say that Bitcoin has failed to deliver then (after not being able to activate SegWit and LN with it) ?

again the question remains "failed to deliver what?"
* if we look at bitcoin as a currency then it is capable of that at least currently wit this many users and the current block size.
* if we look at bitcoin as an investment then i'd say it was pretty successful at that and nobody can deny it when price is consistently rising for the past years.
* if we look at the adoption then it looks a bit disappointing but i wouldn't call it fail.

* segwit even if it fails only shows that we have trouble coming up with a consensus that everyone agrees upon and then we have to start thinking about a new solution.

OmegaStarScream

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Since most of you here are that Bitcoin has not failed to deliver yet and BTC is still young and have the possibility to grow more , I want to ask you this ... while taking in consideration that SegWit signalling percentage seem to be very slow and there is a chance that It won't be activated , could we say that Bitcoin has failed to deliver then (after not being able to activate SegWit and LN with it) ?

Labumi

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Quote from: kidoseagle0312 on December 08, 2016, 03:30:45 AM

For me my answer was no!, if there are some of the member here failed to receive their bitcoin after buying it, maybe it is because of their wrong copying of their btc address. Not the bitcoin itself is getting fail to deliver it.

Yeah that is true. Indeed many a person who sometimes forget that account or address they used was wrong or maybe they use the addres of others. This is something that sometimes became a problem, because sometimes a lot of newbies who do not yet know how or system bitcoin but was in a hurry to buy it. So, we must be careful to do it because it all will determine our fortunes in the bitcoin.

kidoseagle0312

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For me my answer was no!, if there are some of the member here failed to receive their bitcoin after buying it, maybe it is because of their wrong copying of their btc address. Not the bitcoin itself is getting fail to deliver it.

gmflash7times

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Bitcoin has a lot of room to grow. Somebody must invest in advertising.

pinkflower

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Quote from: amacar2 on December 01, 2016, 08:56:03 AM

Failed to what?

- As payment processor :
@ Majority of users are shifting from centralized payment platform like skrill, neteller, paypal towards bitcoin because they can atleast sleep with relief mind that they will not loss the bitcoin they are holding just like paypal used to froze/ban/limit account without any good reason.

@ Fees for bitcoin transaction is still really lower than any other methods.

- As investment opportunity :
@ If we look at long price trend, bitcoin value have been gradually increased with some ocassional dumps which shows there is chance of getting good profit investing in bitcoin.

- Adoption :
@ It is for sure that adoption of any new tech will take time, even internet banking are not being used by majority of masses that doesn't mean internet banking is failed concept, so bitcoin shouldn't be considered as failed just by judging this soon.

These are the comments of a person in denial. Bitcoin use will not be as widespread as you think. There are some niches for it but it will not be the one where you buy a coffee with it in your favorite coffee shop. That common idea for BTC has failed.

johnnyyash

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Well to me i will say bitcoin has not failed to deliver...though transaction and transfer runs smoothly daily for me and maybe for others...and since its becoming gradually known and used i think there is a positive and sweet run of it!!!!!!

xuan87

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I don't see bitcoin as a failure, bitcoin has become the first crypto currency that anonymous and decentralized, bitcoin has become the first digital currency in the world, it is an unbelievable achievement, and many of the users had felt the advantage of bitcoin, bitcoin still in the early stage, it is not easy to introduce something new to the whole world, there will be a lot of pro and cons, but i believe bitcoin can become huge one day

amacar2

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Failed to what?

- As payment processor :
@ Majority of users are shifting from centralized payment platform like skrill, neteller, paypal towards bitcoin because they can atleast sleep with relief mind that they will not loss the bitcoin they are holding just like paypal used to froze/ban/limit account without any good reason.

@ Fees for bitcoin transaction is still really lower than any other methods.

- As investment opportunity :
@ If we look at long price trend, bitcoin value have been gradually increased with some ocassional dumps which shows there is chance of getting good profit investing in bitcoin.

- Adoption :
@ It is for sure that adoption of any new tech will take time, even internet banking are not being used by majority of masses that doesn't mean internet banking is failed concept, so bitcoin shouldn't be considered as failed just by judging this soon.

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: bitbunnny on December 01, 2016, 08:10:03 AM

I couldn't agree that Bitcoin is a failure. Even if it doesn't achieve everything that is expected, Bitcoin is the revolutionary thing and it will be remembered in history. It's one of the kind.
But we haven't seen all yet, Bitcoin is on the way to reach its peak, just wait and see.

i agree. bitcoin is still young.
and also the least thing that bitcoin has achieved is introduction of a new technology called blockchain which has opened up countless possibilities that even big financial companies are interested in pursuing.

Zadicar

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Quote from: bitbunnny on December 01, 2016, 08:10:03 AM

I couldn't agree that Bitcoin is a failure. Even if it doesn't achieve everything that is expected, Bitcoin is the revolutionary thing and it will be remembered in history. It's one of the kind.
But we haven't seen all yet, Bitcoin is on the way to reach its peak, just wait and see.

We really havent see the full potential of bitcoin hence its just on its earlier ages and even its not on its peak we could say that its has a good benefits from people and cant be easily forgotten by someone who uses it. If bitcoins adoption would be on its fullest potential then i could think a fast and accessible online transaction and even on offline.

bitbunnny

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I couldn't agree that Bitcoin is a failure. Even if it doesn't achieve everything that is expected, Bitcoin is the revolutionary thing and it will be remembered in history. It's one of the kind.
But we haven't seen all yet, Bitcoin is on the way to reach its peak, just wait and see.

1Referee

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Bitcoin failed to deliver? Heck no! If I just look at what it has been doing for me in the way that I have been given the ability to store a big chunk of my wealth outside the banking and governmental system, then that alone makes Bitcoin for me the best invention of the last 10 years. Then I haven't even mentioned the trading aspect that made it possible for me to grow my entire wealth with at least 500% since very early 2013. If there was no Bitcoin, I would most likely continue being a sheepy slave of the governmental system for ever, and my total wealth wouldn't be anywhere near it is right now.

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