Topic: It's going to be cute when bitcoin shatters and gets destroyed - page 8. (Read 9249 times)

No that's the problem normal people will not give two shits what a blockchain is, when they see that the program shows the transaction is not confirmed they won't care about double spends, triple spends, or whatever technical word you throw in their face.

Lets have a long talk about the usages of "cute".

Good luck convincing people to accept 0 Confirmations, will never happen with normal mom and pop. Secondly, for the transaction to even show up sometimes is takes a minute or longer. So even 0 Confirms are slower than Visa.

Seriously, you people need to bone up on what the blockchain actually is, and what confirmations actually mean, because this is all complete nonsense.

Ripple lols no, I'll give you the name so you can keep a look out for it on the alt currency thread, or even stop by to the site.

eMunie, you can join the people and get involved at forum.emunie.com

To give you a comparison:

BitCoin: about 80K transactions with 1 confirmation taking a bit over 2 hours.
eMunie: 100K transactions confirming in under a minute, only on a beta network of 15 nodes.

Keep a look out for it on the Alt section, or join the forum and help in testing and keep up to date.

No. It's already better than any existing payment network for instant transactions right out of the gate.

A zero confirmation transaction whose inputs are practically instantaneously validated against the blockchain is already beneficial to a merchant beyond any service VISA or any other payment system offers, because the credit card transaction is reversible at any time within a month. Waiting for the confirmations only protects against an attempted double-spend attack, which only is relevant in the real world proportional to the amount of money being spent.

I re-iterate, credit cards are already inferior to Bitcoin for point-of-sale transactions without ANY confirmations whatsoever.

If this is true you would not tell us, because its strengths are so great you would wait until you bought a lot of it or mined a lot before getting people on board.

If people here believe you they take away the potential for cheap wondercoins.

Why do you keep going on about AOL's dial-up cash cow?  

http://cir.ca/news/dial-up-still-thrives-at-aol

Its a hugely profitable business.

I hope this isn't some sort of fruitless Ripple pump thread.  

None, as 99% of them are all useless clones, and the one I am speaking about is currently in Beta.

Nope, Bitcoin as a protocol can't function for instant transactions, it needs to be reworked from the ground up, pretty much creating a new crypto currency, by the time that happens, if it ever happens, the new "wondercoin" has crushed it.

Just Like AOL tried to finally catch up to Cable internet by offering it's own High Speed Option, by then it was too late. You don't have to be a genius to realize this thing is way to slow for real transactions, the fact that they haven't done anything to it for the last 5 years shows how amazing Gavin and the community is lol.

So what alt-coins you heavily invested in?

It's should be out sometime in January, that's the thing though Bitcoin can be entranced and it will still easily come crashing down.

Just like the only way people got online in America during the 90's was America Online, America Online entrenched in everything, and then it was all gone.

Gavin and the community will take any improvement your new wondercoin offers, adopt it for bitcoin and things will be fine.  Bitcoin is not set in stone - if there is a consensus that something needs to be changed, we have the technology and the motivation to make that change.

Yeah, something might replace Bitcoin. I think everyone is already aware of that.
Better hurry up though, Bitcoin is getting more entrenched day by day.

Ohh noeeez I said the unthinkable to the bitcoin fanboys, that bitcoin will get destroyed by whatever coin comes out that will make this dinosaur obsolete.

Because wait please explain to me the benefit of waiting 30 hours to make sure my order is confirmed instead of a few seconds using a credit card? Anonymity!! Guess what when bitcoin becomes "mainstream" which it never will for the very fact that it takes forever to confirm any normal transaction.

The mainstream places are going to ask you for personal information, like Amazon, Walmart, whatever company you can think of, so it basically becomes a nice tracking tool to track every single transaction you ever make in your life, as they have your name and address and can match your bitcoin wallet.

But those are flaws in all crypto currencies, people celebrate them for freedom yet they fail to realize that they will be the most sinister, draconian tool of control even invented. Why do you think big government loves crypto so much, and are passing regulations to make it legal in their frameworks.

They know once they have the infrastructure in place they can track every single transaction that a person makes, and in the process they would have eliminated "cash" the only true form of anonymity.

Back to bitcoin though, Bitcoin is basically AOL dial up internet, waiting to be destroyed by Time Warner high speed cable. Bitcoin can't compete in the real world of instant transactions, hence it will never be used for anything of importance main stream.

As soon as a new crypto currency comes out that offers true instant transactions, Bitcoin will be dead, there is actually a coin coming out just around the corner, you'll all know of it soon enough, which will dominate crypto and won't be replaced by anything even remotely soon after, as it solves all Bitcoins problems. Any coin that tries to compete with it won't matter, as they will only be marginal improvements and not worth the "mainstreams" time to implement them.

It will have first mover advantage and keep it, Just like Visa and Mastercard. There will be clones trying to compete but they won't get anywhere as they will only offer marginal improvements which people won't bother or waste their time with. Just like the countless payment clones to the major payment processors, nobody gives them any attention.

Laugh, Cry, Hate, or Love just know this will all happen, and you have been forewarned.