People actually thought bitcoin was dead because of MtGox?

Matt Y

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Counterpartying

Quote from: BittBurger on February 26, 2014, 11:40:06 AM

Quote from: mvdheuvel1983 on February 26, 2014, 10:41:04 AM

Quote from: 2double0 on February 26, 2014, 10:30:53 AM

Yep people get scared easily today

Big exchange like Gox falling down is a big thing. 744,000 BTC stolen is also a very big thing. Who says this can't happen again with one of the other big exchanges?

This is why we need a decentralized exchange, owned by nobody. The Mastercoin Foundation is creating the first. And I am quite certain there are more in the pipeline.

Centralized exchanges will be a remnant of the beginning stages of Bitcoin.

Growing pains. Stay the course. Much good to come.

-B-

Hi,

Counterparty has a functioning decentralized exchange as well as a number of other features. The project is only four months old, however, the development timeline has outpaced all other similar projects, such as Mastercoin. As of now the protocol is accessed via command line, however, Counterwallet will be released shortly and will allow users with little or no technical prowess to use the fully functioning features of Counterparty. Here is a link to the official announcement thread as well as the Counterparty forums.

Announcement thread: https://bitcointalksearch.org/topic/annxcp-counterparty-pioneering-peer-to-peer-finance-official-thread-395761
Counterparty forums: https://forums.counterparty.co/index.php

Elisha

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Quote from: Dafar on February 26, 2014, 05:25:29 PM

Quote from: Elisha on February 26, 2014, 04:28:37 PM

This is one of the reasons to launch UNITYCOIN, we need to be more serious.

https://bitcointalksearch.org/topic/ann-unity-coin-framework-unt-a-physical-alternative-to-global-payments-489255

A week or two to take mtgox to respond for her problem, is very bad press for us.

Take your alt coin advertisements somewhere else... there are way too many fucking alts, why don't we establish bitcoin first

Hi Dafar

Yes we need to strengthen Bitcoin, UNITYCOIN is a system for do that !, is not a fork of Bitcoin. Is like a meta Bitcoin, Please take the time to read the post http://www.unitycoin.net/blog/2014/02/09/unitycoin/ .

Thanks.

justusranvier

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Quote from: IamCANADIAN013 on February 27, 2014, 01:06:44 AM

It really can be, and it's why I stopped trying with some people. I figure time will prove them wrong, and/or they will take the time to learn about it as I did. People can be so narrow minded when it comes to things they don't understand. I have to admit, I thought bad about Bitcoin as well when I first heard about it. At least I was willing to go into learning about it with an open mind.

The future does not belong to the defenders of the status quo. I don't want people like that buying Bitcoin - they don't deserve to be early adopters.

CityGuy

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Quote from: IamCANADIAN013 on February 27, 2014, 01:06:44 AM

Quote from: CityGuy on February 27, 2014, 12:21:29 AM

Quote from: ninjarobot on February 26, 2014, 06:55:49 PM

Collapsed? That certainly is worrisome... No worries we will take a look and see what is wrong.

Please show me on the chart exactly where Bitcoin collapsed:

https://i.imgur.com/EFaiwRM.png

Funny, I have been trying to get an acquaintance to help out financially with my mining operation. He's a financial advisor for a reputable bank in Southern California and has been a top producer in large county for 17 years. I have been advising him to get involved in anyway possible, even of he doesn't go my route. Yesterday we had lunch and we were talking about various things and Bitcoin came up. I touched on throwing me some capital and he responded, "you obviously haven't been watching T.V this week." I forget sometimes that people are satisfied with reading headline news all the time to get their share of information. Not that it doesn't suffice in some circumstances, but damn you'd assume educated people would do a bit more research to realize that this will be nothing but a blimp in the timeline of Bitcoin's lifespan.

Sometimes it can be frustrating talking with people about Bitcoin. People see EVERY SINGLE con of crypto-currencies, and essentially forget about all the negatives of fiat we have experienced in the recent past.

It really can be, and it's why I stopped trying with some people. I figure time will prove them wrong, and/or they will take the time to learn about it as I did. People can be so narrow minded when it comes to things they don't understand. I have to admit, I thought bad about Bitcoin as well when I first heard about it. At least I was willing to go into learning about it with an open mind.

The way I see it, every savvy investor on CNBC bashes Bitcoin and claims they don't support the idea/purpose/potential of crypto's. What I can't wrap my head around is that people in the financial industry that have accumulated great amounts of wealth playing in the stock market, think they can analyze Bitcoin without understanding it. Bitcoin experts can't give credible advice in the real stock market, and experienced financial advisors/brokers can't give advice on Bitcoin. Those two are COMPLETELY SEPARATE. Not that Bloomberg analysts are stupid, they are definitely not. However, their inability to do simple research that may take MAX 3 hours is pretty pathetic and makes them appear that way.

Laosai

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china control the market now

IamCANADIAN013

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Quote from: CityGuy on February 27, 2014, 12:21:29 AM

Quote from: ninjarobot on February 26, 2014, 06:55:49 PM

Collapsed? That certainly is worrisome... No worries we will take a look and see what is wrong.

Please show me on the chart exactly where Bitcoin collapsed:

Funny, I have been trying to get an acquaintance to help out financially with my mining operation. He's a financial advisor for a reputable bank in Southern California and has been a top producer in large county for 17 years. I have been advising him to get involved in anyway possible, even of he doesn't go my route. Yesterday we had lunch and we were talking about various things and Bitcoin came up. I touched on throwing me some capital and he responded, "you obviously haven't been watching T.V this week." I forget sometimes that people are satisfied with reading headline news all the time to get their share of information. Not that it doesn't suffice in some circumstances, but damn you'd assume educated people would do a bit more research to realize that this will be nothing but a blimp in the timeline of Bitcoin's lifespan.

Sometimes it can be frustrating talking with people about Bitcoin. People see EVERY SINGLE con of crypto-currencies, and essentially forget about all the negatives of fiat we have experienced in the recent past.

It really can be, and it's why I stopped trying with some people. I figure time will prove them wrong, and/or they will take the time to learn about it as I did. People can be so narrow minded when it comes to things they don't understand. I have to admit, I thought bad about Bitcoin as well when I first heard about it. At least I was willing to go into learning about it with an open mind.

yashin

newbie

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the fools who think bitcoin is dead are simply far too ignorant to understand bitcoin itself.

CityGuy

newbie

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Quote from: ninjarobot on February 26, 2014, 06:55:49 PM

Collapsed? That certainly is worrisome... No worries we will take a look and see what is wrong.

Please show me on the chart exactly where Bitcoin collapsed:

https://i.imgur.com/EFaiwRM.png

Funny, I have been trying to get an acquaintance to help out financially with my mining operation. He's a financial advisor for a reputable bank in Southern California and has been a top producer in large county for 17 years. I have been advising him to get involved in anyway possible, even of he doesn't go my route. Yesterday we had lunch and we were talking about various things and Bitcoin came up. I touched on throwing me some capital and he responded, "you obviously haven't been watching T.V this week." I forget sometimes that people are satisfied with reading headline news all the time to get their share of information. Not that it doesn't suffice in some circumstances, but damn you'd assume educated people would do a bit more research to realize that this will be nothing but a blimp in the timeline of Bitcoin's lifespan.

Sometimes it can be frustrating talking with people about Bitcoin. People see EVERY SINGLE con of crypto-currencies, and essentially forget about all the negatives of fiat we have experienced in the recent past.

IamCANADIAN013

hero member

Activity: 714

Merit: 503

I've been messing around with Bitcoin for a little over a month now. So many people have called me an idiot for getting involved in it and laugh at the concept. They are the ones that no nothing about it. I've explained to a few close friends what it's all about and now they're learning about it as well.

When gox hit the fan and Bitcoin "collapsed" the phone started ringing and the Facebook messages started to come. The "I told you so" was in full force with some people saying I had thrown all my money away and everyone lost all their Bitcoins. The mainstream media coverage of the death of Bitcoin didn't help.

I'm actually surprised that so many people not only think it's dead, but are happy that it's apparently dead. It's like they enjoy being ripped off by central banking.

Anon136

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Quote from: mgburks77 on February 26, 2014, 03:51:13 PM

The truly decentralized currency will be tradeable directly from the wallet with no middleman whatsoever.

How to do that securely? I don't have the technical savvy to have an answer for that.

its very difficult if not imposable to solve the doublespend problem that way

sana8410

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Most noobs think that it is end of bitcoin. They think mtgox == bitcoin which is not. You can read noobs comments on yahoo news.

zemario

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To reply to the original topic:

People believe all sorts of stupid things.

seftonde

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In light of all this, may I piont out that all cryptos seem to be up signficantly today?

d

mgburks77

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Quote from: Klestin on February 26, 2014, 08:04:53 PM

The articles on this event (and in general about Bitcoin) are, as a whole, wildly inaccurate. This alone doesn't worry me, because I know the facts. What worries me is that if they're this wrong about something I have knowledge of, just how accurate can they be trusted to be about other subjects? Are they just making this shit up as they go about everything they report on?

No, they are having interns google it for them

Klestin

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The articles on this event (and in general about Bitcoin) are, as a whole, wildly inaccurate. This alone doesn't worry me, because I know the facts. What worries me is that if they're this wrong about something I have knowledge of, just how accurate can they be trusted to be about other subjects? Are they just making this shit up as they go about everything they report on?

leopard2

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Quote from: ninjarobot on February 26, 2014, 06:55:49 PM

Collapsed? That certainly is worrisome... No worries we will take a look and see what is wrong.

Please show me on the chart exactly where Bitcoin collapsed:

The noobs mean the retracements on that chart.

These can also be found on the Dow Jones or any other chart; only the growth of the USD money supply does not show any retracements, it goes only up. Grin

Skoupi

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Activity: 252

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Skoupi the Great

In their defence, it is actually difficult to explain to the masses the amount of incompetence involved in the Mt.Gox collapse.
It 's just easier to say "the bubble is now burst" and then say it again in a month and the again in two months etc...

iluvpie60

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Quote from: Dafar on February 26, 2014, 10:00:51 AM

I was watching CNN today while getting ready for work and they had a 30 second tidbit on bitcoin... basically saying bitcoin has "collapsed" and users unexpectedly lost money from the shutdown of the most respected exchange. Fucking lol... why is the media so retarded?

I believe I saw a thing that said CNN lost 41% of their total viewers, when comparing total viewers from Feb 2013 to this year Feb 2014.

ninjarobot

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Mine Silent, Mine Deep

Collapsed? That certainly is worrisome... No worries we will take a look and see what is wrong.

Please show me on the chart exactly where Bitcoin collapsed:

Dafar

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dafar consulting

Quote from: Elisha on February 26, 2014, 04:28:37 PM

This is one of the reasons to launch UNITYCOIN, we need to be more serious.

https://bitcointalksearch.org/topic/ann-unity-coin-framework-unt-a-physical-alternative-to-global-payments-489255

A week or two to take mtgox to respond for her problem, is very bad press for us.

Take your alt coin advertisements somewhere else... there are way too many fucking alts, why don't we establish bitcoin first

Topic: People actually thought bitcoin was dead because of MtGox? (Read 4873 times)