Topic: LET'S TELL THE TRUTH ABOUT BITCOIN (NO TABOOS OR IRRATIONAL DREAMS) - page 3. (Read 2754 times)

Your premises are flawed. Very little of what you wrote can be substantiated by facts. You need to show some supporting evidence before you can claim that others are lying.

Like it or not, that is not a fact. Since your entire argument is based on this supposed fact, you will need to prove it before anyone can accept your conclusion.


Your claim that "it's not designed for that" is simply not sufficient to support either statement.

More unsubstantiated claims and speculation.

Is that the "only" solution to the supposed problem, or is it the only one that you can think of? Maybe a smarter person could come up with a good solution to your non-existent problem.

Oh, now it's a problem of distribution! The complaining about early adopters has been going on for years now and it is totally bogus.

Many of us are fairly confident that Bitcoin is evolving into a revolutionary platform that will change so many different things in our world.  The scope of what Bitcoin can accomplish is really quite mind boggling.  Yes it could be another altcoin of some sort that takes off, but that becomes less and less likely as Bitcoin gains traction.  

I am still surprised when I see how many naysayers are out there still posting threads like this.  Obviously they haven't really thought through what the Blockchain offers in just providing a world-wide ledger of transactions taking place.  Bitcoin as a "currency" or even a speculative tool is only a very small part of what it is.  Of course that is what most of us are focusing on right now.  It is hard not too.  But I guess it takes the ability to think beyond what we can see at the present.  It takes people who are capable of being visionary to really "get it" though.

Once Bitcoin does "evolve" into what it is going to become in the future it will become more apparent that we are so early in this.  We should expect, even welcome, the volatility.  It is just part of the growth process. The small piece of the pie that we own can only become more valuable as there is just a limited supply of coins to go around.  We need to keep this in mind.  

Don't bother, OP.  I've already tried one of these 'reality' threads.  And only one taker.

https://bitcointalksearch.org/topic/sell-me-this-bitcoin-wolf-of-wallstreet-925405


Either shill or have valid arguments completely ignored. That's an order, private!

You're looking at such a narrow field of view that it's impossible to make an informed decision.

Look at the reasons behind the volatility, it's not as simple as "speculators." When mining switched from CPU only to GPU, and then ASIC, it opened up a door for massive ROI in fewer hands. This peaked interest, and encouraged speculation.

Now the mining bubble is collapsing, and mining will become more decentralized again. Unless something else comes along to give a grossly disproportionate hashrate, the market will have no choice but to calm down...

This was more of a Bitcoin "gold rush" than anything, and the type of speculation we witnessed would occur with just about any other asset on the open market when people get that gold rush mentality...

With respect to the oldest and most ranked members of the bitcoin community: PLEASE STOP TELLING LIES ABOUT BITCOIN.

Even a ten year old kid could say that: "BITCOIN WILL NEVER BE A CURRENCY". But that's the truth, like it or not. The reason is the same as always, BITCOIN VALUE IS TOO VOLATILE. Then, most "experts" say that the volatility will decrease as the adoption grows.

HUGE LIE! The content of this quote is simply contradictory, see it: "If there's mass adoption, then<>volatility will decrease". But the fact is that MASS ADOPTION WILL NOT COME with actual volatility. Then, the content of the quote is contradictory and doesn't make sense. Some people believe in god, others belive in bitcoin as a currency.

Like it or not, any currency needs a stable value to work. And bitcoin will never be able to do it, because IT'S NOT DESIGNED FOR THAT. If satoshi really wanted to create an alternative to the actual banking system, he/she wouldn't have created a deflationary currency. A limited supply and USEFUL thing like BITCOIN, versus an exponential growing dollar, make a perfect combination for a BIG SPECULATIVE ASSET.

The problem is that, as a speculative asset, it's controlled mainly by speculators, whose are interested in high volatilities. This high volatility scares the mass, and without their support, bitcoin will not be a currency. I won't be able to buy oranges, computers or houses with them, because people will not accept this what they call "scam".

The only solution would be to drive out the speculators of the market, but that's simply IMPOSSIBLE.

Bitcoin blockchain technology is amazing and key for the future transactions, the problem is BITCOIN distribution and value process, it's not designed to be a currency.  

So please stop telling lies and impossible dreams, let's say the truth together and EVOLVE!