I have NEVER seen Bitcoin in such a sorry state as this!! - page 10.

fonestar

newbie

Activity: 32

Merit: 0

Quote from: CryptosapienZA on December 21, 2017, 01:22:53 PM

2017 has been a very tough but exciting year for bitcoin. Most of all we got the opportunity to see that how useless bitcoin can be. Yes, the price sky rocketted and with some thats all that matters. If scaling is not prioritised, i see a whole lot of coins overtaking bitcoin. It might have the first mover advantage, but its days are numbered. I wouldnt be suprised if we see 2018 as the year bitcoin gets overtaken.

I hope you are wrong. I love Bitcoin and what it has done. I hope that Core has not permanently damaged the Bitcoin name. I hope 2018 can be the year Bitcoin is reborn.

pooyamb

newbie

Activity: 2

Merit: 0

+1 bitcoin is completely unusable this days,
some people think bitcoin is gold, and not a currency, I think they don't even know about bitcoin's purpose, they forgot satoshi's vision, and guess what, some main developers are on their side!
bitcoin as a crypto gold, that bumps so fast, is not anything more than a HYIP, and what happens to HYIPs? they die because they're nothing more than a dream.
so I'm not at their side, we all started using bitcoin for our transactions, micro or macro, not to store gold,
but now, we can't even pay with bitcoin, so it's useless!

junoreactor

full member

Activity: 196

Merit: 109

As far as I am concerned, not surprised at all. It is been weeks and weeks that fees are reaching ridiculous amounts.
Sad to see, but expected.

sobriket

full member

Activity: 144

Merit: 100

That is true, we dont know what the hell is happening to bitcoin right now, but this is preocupant for all of us.
And when people sees that the fees are outrageous, they are just moving their money out, to other altcoins, or just cashing out that money.

Hy1085

newbie

Activity: 51

Merit: 0

That is why the price is decreasing like crazy. Also seems a platform was being hacked. Cash flow are going into altcoins

fonestar

newbie

Activity: 32

Merit: 0

Quote from: sabrikks on December 21, 2017, 01:19:19 PM

No it's not slightest bit of volume, it's a huge volume because bitcoin exploded the last couple weeks and it did bring a huge media attention and a lot of new investors

Yes you are right. The volume is huge... and they wanted to take Bitcoin mainstream? How? Without scaling? All they are doing is bottle-necking this whole thing and making us all look dumb for ever trying. Lightning is not coming to save you, it is perfectly clear now that devs never had any intention of scaling.

CryptosapienZA

full member

Activity: 378

Merit: 101

2017 has been a very tough but exciting year for bitcoin. Most of all we got the opportunity to see that how useless bitcoin can be. Yes, the price sky rocketted and with some thats all that matters. If scaling is not prioritised, i see a whole lot of coins overtaking bitcoin. It might have the first mover advantage, but its days are numbered. I wouldnt be suprised if we see 2018 as the year bitcoin gets overtaken.

sabrikks

member

Activity: 174

Merit: 10

No it's not slightest bit of volume, it's a huge volume because bitcoin exploded the last couple weeks and it did bring a huge media attention and a lot of new investors

saddampbuh

legendary

Activity: 1078

Merit: 1014

dont let the door hit you on the way out

p2pFuture2

newbie

Activity: 16

Merit: 0

It is natural that if the price of goods is so high, then its price will be low later. So, since the price of bitcoin was high, it must be gone to a lower stage.

fonestar

newbie

Activity: 32

Merit: 0

Several transactions of mine have gone with 0 confirmations in the past several days. And some of those I was paying 1.5X or 2X the recommended fees. Nothing. Nada. Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network. I was defending Bitcoin against millions of tards back in 2011 and 2012. Are they going to have the last laugh on me now? It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work". Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers". Their network can't handle the slightest bit of volume without totally seizing up. And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system?? Really?? You can't do your job properly so you want people to run a tab in BTC?? You saw this coming from 10 miles away and did nothing about it. Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations". And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"

Topic: I have NEVER seen Bitcoin in such a sorry state as this!! - page 10. (Read 1763 times)