Topic: If Bitcoin fails.. - page 6. (Read 9519 times)

i learned 99% are greedy, selfish, toxic people and to trust nobody

... and some trading aswell which is the good part.

not sure what do do if it fails completely?

choices 1) go amish (give up all tech work hard sunshine hot amish fit women prob not no balls)

           2) make a shrine to my past bitcoin failure as a life lesson ..(yeah thats the ticket)

some history from me on just how low it can go...(and my foray into alt coin with a knc titan don't ya know ouch)
so those of you just in bitcoin it could be worse....anyway where I'm at below

well for me it has to drop to around for the 50 coin i've made off the Jupiter (not counting elec use) at $7,500 usd (with psu and other misl) to $150 usd btc for me to be under $$$ waves
vs BTC holdings

as to LTC for an example with the Titan 1st batch ...well alt coins you can make the point i puked on this Titan no roi no refund titan the LTC price will have to recover to exactly 10.14 usd.
the price of the Titan was $10,131.80 with shipping (not counting the psu in this case and again not counting elec costs) LTC price would have to go from the current $2.15 LTC price to the price of $10.14 usd assuming I can get it to a point of running 1000 LTC out of this Titan (iffy been almost 8 weeks and I show I've made 376 or so LTC on www.litecoinpool.org (current rate says 5.95 btc a day) so iffy at best just saying..probably can run the hamster wheel in the Titan that long....

so the BTC Juptier Hardware I have a ways to go to be under so to speak $$$ wise ....the no refund no roi Titan in order for me to make ROI i need an act of god ...er probably more then one
act of god actually ...would need a group of miracles

as a side note have held all the BTC I've ever mined or bought and the same with LTC so far...gonna ride this under the waves if it all goes beanie baby to BTC and/or LTC equals 0.



this alt coin biz either works or I go down with the ship ..if it does not work and goes beanie baby and tanks to 0 I DO have a lame fall back plan!

so to wrap this up if bitcoin fails (and as a result i assume all the alt coins too boot like my LTC i'm a hording now)


I plan to make a nice shelf ...decorated with tulips and with paper wallet wall paper behind the shelf......i will contact the nice people who bronze baby shoes and send my Titan and Jupiter
to them perhaps (if not too spendy) and thus will have an "ego limiting" shrine to me being stupid ...to reflect on.....ah memories....

what the hell ..either I'm gonna lament my foray into alt coins (btc/scrypt) or I'm gonna brag about it when they park me in the nursing home someday..good to have goals!

anyway my plans as of now but they change on a whim!


but yeah should probably just go Amish....communal living is the way to go.....give up all tech  except the high end care of mules.......
just renounce i say renounce all technology before the 20th century

probably won't do above ....but I'm sure if BTC and ALTs go away I will do something equally stupid in the future

again good to have goals (off to look at where to place my shelf to my dashed bitcoin dreams perhaps?)

 

I learned that I need to start following people with Japanese names more often in crypto related forums and threads in order to get in on the next big thing before it cost over $100 to buy in

That there is a great alternative to paying substantial transaction/exchange fees to large corporations.

Bitcoin has been a resounding success.  Why else the negative press?  Why else government attempt at manipulation?  When people have the ability to vote with their money (by using bitcoin), all sorts of wonderful things can happen. 

There have been many attempts in the past at making digital currencies. Bitcoin has a very different validation/double spending prevention/redemption model than anything before it. While I don't think Bitcoin will fail, I do think future modifications to the protocol will determine how likely it is to be widely adopted.

When to be bearish, when to be bullish, never put all your eggs in one basket (economics), elementary cryptography and plenty of gold and silver!

if bitcoin fails i'll consider killing myself

i believe this is our salvation, btc must succeed

If Bitcoin fails, I will be glad to have been part of an amazing technology and community that had a noticeable impact on the world.  Whether or not Bitcoin or some new incarnation down the road is the ultimate mass adopter, we are part of something transformative.

There needs to be a market place with reduced middle men =/

It's hard as hell to get your hand on a coin without mining or paying someone a fee.

Woah.  I'm going to stick with inability-to-put-the-genie-back-in-the-bottle analogy!

Bitcoin fails? Blasphemy!

FPGA design

If Bitcoin fails, another cryptocoin will take its marketshare in 2 seconds.

What, do you seriously think people are going to put the shackles back on (return to fiat) after catching a glimpse of the light at the end of the tunnel?

Moses led his people out of slavery in Egypt, the underground railroad led the African people out of slavery in America, and Bitcoin will lead its people out of financial fiat/debt slavery all throughout Planet Earth 

There's no such thing as Bitcoin "failing." It could fork, or there could be a protocol bug that certain alt-coins are immune to, which can then take marketshare and development would resume either on the new fork or the new coin reference implementation. But the idea of bitcoin is forever, just like bittorrent.

As was said by a very smart man - releasing technology on the internet is like taking a dump. No matter how hard you try, you won't be able to get it all back in, but you will get very dirty trying.

However brilliant the idea the practical usage off something on a wide scale needs substantial infrastructure.  And unless it is for illegal purposes serious compliance issues need to be resolve, in the developed world at least.

A lessons learned list to make a technically superior bitcoin.  The reason for Bitcoin's potential future failure can be added to that list too.

Bitcoin boosted my interest in cryptography and p2p

If Bitcoin fails catastrophically but there is a small fix that can make it work perfectly again in like a month with the same private keys controlling the same amounts of coins, the new Bitcoin would probably be adopted by 100,000 people in a snap.

I learnt that those couple of dollars can become a hundred a year later 

Very true, and after all it was just an experiment. I'd say it's been pretty successful so far.