Media : Bitcoin is Done - page 4. | Bitcointalksearch.org

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: the joint on October 18, 2011, 12:18:40 PM

Quote from: infofront on October 18, 2011, 12:13:04 PM

I find it odd that so many people who were once into bitcoin are now saying that it's dead. The bubble burst. That's all. Get over it.
Bitcoin is stronger now than it's ever been.

There is absolutely nothing to say it is stronger now than it was 1 month ago.

Actually, it is. Those of us involved in the projects are aware of this.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

When the media announces a booming new industry, that industry is at its peak. When the media announces a dead industry, that's likely the bottom.

I don't understand why everyone is so concerned with the market price... people treat it like a stock, and ascribe the health of Bitcoin to the market (or share) price.

It belies an fundamental misunderstanding of the nature of Bitcoin. It's a protocol, not a company.

the joint

legendary

Activity: 1834

Merit: 1020

Quote from: infofront on October 18, 2011, 12:13:04 PM

I find it odd that so many people who were once into bitcoin are now saying that it's dead. The bubble burst. That's all. Get over it.
Bitcoin is stronger now than it's ever been.

There is absolutely nothing to say it is stronger now than it was 1 month ago.

the joint

legendary

Activity: 1834

Merit: 1020

These articles aren't too bad.

In fact, they're mostly right.

Bitcoin is imploding and for good, natural reason. As a free economic market, we need to collaborate to build a sturdy, solid infrastructure that will pave the way for all digital currencies. The alternative block chains and Bitcoin novelty items have the consequent effect of grouping Bitcoin in with novelty...but not in an ingenious way -- more like a faddish way.

This isn't to say the bad PR and hacks and scams all that jazz didn't have an impact. It did, but the weak infrastructure was a catalyst to these problems.

We need a Bitcoin Bank. A good one. One that has assets to back up our BTC. It needs to be reputable and subject to prosecution.

I think the community has made a mistake in going overboard with decentralization. Just because you have a free market doesn't mean you can't collaborate and have checks and balances. Centralization can act decentralized if it's truly governed by the people.

We need unity, and right now, there is very little evidence of any unity in this community, other than we are apparently united in our desires for individual gain.

johnj

full member

Activity: 154

Merit: 100

Further, after skimming those articles, the only one who seems to declare it 'dead' is the same one who declared it 'dead' months ago, which doesn't lend to credibility.

Side note: I can't help but notice the editorializing in the OP's Topic Header. Why all the negativity lately, founder?

infofront

legendary

Activity: 2646

Merit: 2842

Shitcoin Minimalist

I find it odd that so many people who were once into bitcoin are now saying that it's dead. The bubble burst. That's all. Get over it.
Bitcoin is stronger now than it's ever been.

johnj

full member

Activity: 154

Merit: 100