Topic: Media : Bitcoin is Done - page 2. (Read 4798 times)
I now keep my wallet closed most of the time because of Comcast's 250gig monthly limit. Bitcoin app alone can sometimes use up 7gigs in one day sharing the blockchain. Beginning of the month I try to keep it open more.
http://news.google.com/news/more?q=bitcoin&hl=en&client=ubuntu&hs=FgY&channel=fs&prmd=imvnsl&bav=on.2,or.r_gc.r_pw.,cf.osb&biw=1366&bih=563&um=1&ie=UTF-8&ncl=dXqLm7jYQ9qJ4_M_U-BYFQco_2LzM&ei=SLCdTuONDOzXiALsh-XNCQ&sa=X&oi=news_result&ct=more-results&resnum=1&ved=0CCsQqgIwAA
Forbes, Wired, Ars, all of them saying it's toast.
Forbes, Wired, Ars, all of them saying it's toast.
Excellent news.
For those of you that do not understand this yet: These (mainstream) media (by "mainstream" i mean forbes, i don't know about ars & wired) are our enemies as they support the current (banking) system. Anything they say cannot be taken seriously as it is hostile propaganda. They also were getting us a lot of unneeded attention from large speculators, which could even more destabilize BTC market (again) if they entered it too early.
The sooner large media lose their interest in us and stop affecting our economy, the better.
When they (finally) leave us alone, we will flourish. What we need is stable, progressive, slow development, not insane speed and insane bubbles (what we just witnessed).
Interesting link and graphs - it does show some declines, but it also says it is far from saturation (pessimism and optimism).
So because I only occasionally open my wallet, I'm responsible for the fall?
So because I only occasionally open my wallet, I'm responsible for the fall?
Bitcoin can't go away. Its impossible even if 75% of the user base uninstalled their clients.
You have Solidcoin salivating and planning his revenge over and over with the doublespend attack when the network power drops to that level.
LOL! that clown? you gotta be kidding me. he has enough of his own troubles picking up the remnants of Solidcoin which didn't turn out to be so solid afterall.
one person wrote each of those articles and another person (probably) approved them.... yay for looking letting someone else make decisions about what you think
I've noticed the journalism around bitcoin often seems pretty incestuous that way.
It looks like in this slew of articles, it might have been Adrianne Jeffries' little snippet in Betabeat that set the tone;
the reddit user's quote she used has ended up in a few articles.
Why some random redditors quote is newsworthy I don't know.
It's not newsworthy, it's useful...poke around a forum long enough and you'll find someone that's says something that serves your agenda...then you quote it. And, of course, if can't find what you're looking for, you just register under a pseudonym and post something that serves your agenda...then you quote it. It looks like in this slew of articles, it might have been Adrianne Jeffries' little snippet in Betabeat that set the tone;
the reddit user's quote she used has ended up in a few articles.
Why some random redditors quote is newsworthy I don't know.
Self-entitled Bitcoin User: We won't stand for you having all those Bitcoins. Redistribute your wealth or we'll...
Hoarder: ...do what?
Self-entitled Bitcoin User: We won't use Bitcoins!
Hoarder: What about your weed, Jimmy? Aren't you on house probation?
Self-entitled Bitcoin User: ...
Hoarder: That's what I thought.
Hoarder: ...do what?
Self-entitled Bitcoin User: We won't use Bitcoins!
Hoarder: What about your weed, Jimmy? Aren't you on house probation?
Self-entitled Bitcoin User: ...
Hoarder: That's what I thought.
And last time I checked Bitcoin is more than twice as valuable as the dollar.
Oh, sure, 1BTC is currently worth $2.5. Of course, that's no comfort at all the vast majority of people who initially bought bitcoins after May. In that case they have less value now than they spent.
And the U.S. housing and stock markets? Are those "done" too?
The only thing bitcoiners can do is to fight the hoarders as much as they can. Dont use MtGox and bitcoinica and send a message to the hoarders.
Fight the hoarders? Is the money I worked hard to earn, which I then put into the bitcoin economy in order to boost is value and get some bitcoin to hoard, not worth anything? Sure, I may not be working directly for bitcoin, but it's not as if I just pulled my hoarded bitcoin, or the money used to buy it with, right out of my ass.
Bitcoin can't go away. Its impossible even if 75% of the user base uninstalled their clients.
You have Solidcoin salivating and planning his revenge over and over with the doublespend attack when the network power drops to that level.
Hey, if Bank of America can go from $54 to $3 and still not be done, why can't Bitcoin?
LOL!
Hey, if Bank of America can go from $54 to $3 and still not be done, why can't Bitcoin?
Because the entire BofA is working to increase profits....so its an unknown whether or not they will survive(I hope not but thats another story). Bitcoin....imagine 90%+ of an organization's employees not working, nor can they be forced to work. If the 10% want to work for the other 90%, then thats fine with the 90%. The 90% have proven(by taking a 99% decline) that they arent going to work. They certainly dont care if bitcoin goes to 1 penny or even zero.
The only thing bitcoiners can do is to fight the hoarders as much as they can. Dont use MtGox and bitcoinica and send a message to the hoarders.
How will they get rich if everyone is ditching Bitcoin like it's diseased?
Same way Bank of America managemet got rich after BoA stock went from $54 to 3$ (WORSE drop than Bitcoin)
Actually, it is. Those of us involved in the projects are aware of this.
Where can I find out about this? Haven't seen anything really earth-shattering in the bitcoin development mailing list...Those involved int he development mailing list are primarily working on the core protocol and client. There are myriad groups building various projects, some private and some public. The best ones are generally private, as the profit motive is involved.
The decentralized nature of Bitcoin means that it's a bit difficult for any person or group to get a full picture of everything going on. I pay quite a bit of attention, but only know a fraction of the people working on the big projects, and only still in English. I have no idea what's going on in other languages. Hundreds (thousands?) of entrepreneurs are building right now, they'll be getting rich with their creations, not with the speculation on current spot price of a Bitcoin.
How will they get rich if everyone is ditching Bitcoin like it's diseased?
http://news.google.com/news/more?q=bitcoin&hl=en&client=ubuntu&hs=FgY&channel=fs&prmd=imvnsl&bav=on.2,or.r_gc.r_pw.,cf.osb&biw=1366&bih=563&um=1&ie=UTF-8&ncl=dXqLm7jYQ9qJ4_M_U-BYFQco_2LzM&ei=SLCdTuONDOzXiALsh-XNCQ&sa=X&oi=news_result&ct=more-results&resnum=1&ved=0CCsQqgIwAA
Forbes, Wired, Ars, all of them saying it's toast.
Forbes, Wired, Ars, all of them saying it's toast.
(btw, do all these writers just copy/paste each other?)I've noticed the journalism around bitcoin often seems pretty incestuous that way.
It looks like in this slew of articles, it might have been Adrianne Jeffries' little snippet in Betabeat that set the tone;
the reddit user's quote she used has ended up in a few articles.
Why some random redditors quote is newsworthy I don't know.
Bitcoin is P2P. It can't die. It can drop in value, but unlike a company or central authority it can't go away. I don't think they understand this.
They understand right well... Its propaganda. They're trying to drive a nail into the coffin. Only problem, coffin is empty!
Quote
Bitcoin value crashes below cost of production as broader use stutters
Not for everyone...
mining difficulty going down is a wonderful thing
Bitcoin is P2P. It can't die. It can drop in value, but unlike a company or central authority it can't go away. I don't think they understand this.
They understand right well... Its propaganda. They're trying to drive a nail into the coffin. Only problem, coffin is empty!
If people uninstall the client then it's done.
There's hardly a reason to uninstall it, bitterness is one.
For those who do uninstall it, they can still re-install it. Its not like bulldozing a bank, software is cool that way.
Bitcoin can't go away. Its impossible even if 75% of the user base uninstalled their clients.
I cashed out of mine-and-hold long ago because I recognized that bitcoin was overvalued and underutilized. But that's not a permanent thing. to me, bitcoin had little chance to grow when it was 5-20$ per coin. Now that it has settled down, i think its use is going to pick up due to new users who see the tremendous potential. Online poker is one way that could happen. I've personally made a bitcoin transaction in order to fund a merge network poker site just a few days ago. I believe Bitcoin will be back in a big way with online transactions. The price might stay flat for a long time, but price is not the point of bitcoin. Profiting in bitcoin is a bonus and has nothing to do with its usefulness.
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