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Topic: Ready to admit bitcoin is a failure? - page 5. (Read 14645 times)

sr. member
Activity: 342
Merit: 250
September 29, 2014, 08:32:39 AM
Bitcoin price is a failure, not Bitcoin itself.
It's very hard to estimate the real value of something as revolutionary as Bitcoin.
In the early 90's internet domains were practically worthless and nobody expected some of them would be worth millions just a decade later. Wink
legendary
Activity: 2044
Merit: 1005
September 29, 2014, 08:28:41 AM
altcoin should have its own word lol we all know what it really means and it differs from literal definition. Alt form of currency maybe.
sr. member
Activity: 336
Merit: 260
September 29, 2014, 08:27:02 AM
Btc is open src its one of the main things to keep it going. This doesnt necessarily apply to altcoins the fact thatthey are opensrc doesnt help them much in context of being a clone.

There are enough altcoins that are not clones of Bitcoin and are open source.
Then they arent altcoins and open src only helps but i still think the open src and knowledge era has begun.

What would you call them? Alt = alternative, alternative to Bitcoin. alt doesn't mean it's a clone of Bitcoin, it's just "not Bitcoin", that's all.
legendary
Activity: 2044
Merit: 1005
September 29, 2014, 08:25:16 AM
Btc is open src its one of the main things to keep it going. This doesnt necessarily apply to altcoins the fact thatthey are opensrc doesnt help them much in context of being a clone.

There are enough altcoins that are not clones of Bitcoin and are open source.
Then they arent altcoins and open src only helps but i still think the open src and knowledge era has begun.
sr. member
Activity: 336
Merit: 260
September 29, 2014, 08:21:48 AM
Btc is open src its one of the main things to keep it going. This doesnt necessarily apply to altcoins the fact thatthey are opensrc doesnt help them much in context of being a clone.

There are enough altcoins that are not clones of Bitcoin and are open source.
legendary
Activity: 2044
Merit: 1005
September 29, 2014, 08:18:40 AM
It wont fail because its open source

lol, and everybody like open source Grin
and bitcoin become mainstream Grin

I hate to break it to you guys, but most crypto currencies are open source. Yeah, I know it will sound a surpise to you Smiley

bitcoin is not an altcoin

Huh? I never said it was. What's your point?
Btc is open src its one of the main things to keep it going. This doesnt necessarily apply to altcoins the fact thatthey are opensrc doesnt help them much in context of being a clone.
sr. member
Activity: 336
Merit: 260
September 29, 2014, 08:15:29 AM
It wont fail because its open source

lol, and everybody like open source Grin
and bitcoin become mainstream Grin

I hate to break it to you guys, but most crypto currencies are open source. Yeah, I know it will sound a surpise to you Smiley

bitcoin is not an altcoin

Huh? I never said it was. What's your point?
legendary
Activity: 2044
Merit: 1005
September 29, 2014, 08:13:01 AM
It wont fail because its open source

lol, and everybody like open source Grin
and bitcoin become mainstream Grin

I hate to break it to you guys, but most crypto currencies are open source. Yeah, I know it will sound a surpise to you Smiley

bitcoin is not an altcoin
sr. member
Activity: 476
Merit: 250
September 29, 2014, 08:05:40 AM
You know what I notice? I've been trading in Altcoins in January, February, March.

EVERY SINGLE ALTCOIN that has risen came down at some point. And it feels like Bitcoin is following the same pattern. Just slower. And NO Altcoin ever rose to old hights again.


Correct.

Merchants report lower and lower BTC sales. Number and size of actual Bitcoin transactions (not bots sending satoshis to other bots) is shrinking. User adoption is shrinking. Increased merchant "adoption" creates too much sell pressure, thus pushing down the price. Miners selling to pay their bills, pushes down the price even further.

In short: Bitcoin has entered its twilight years. With Markus and Willybot gone, there's nothing that can drive price higher. So we'll continue falling.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
September 29, 2014, 07:50:39 AM
Ready to admit those expensive Chinese bitcoin mines might just need to pay back their loans?

Chill. The lower the price the more bitcoin they need to sell to meet their debt obligations, the lower the price the more they need to sell. Downward circle, but temporary phenomena. Take advantage of it while you can.
sr. member
Activity: 336
Merit: 260
September 29, 2014, 07:45:51 AM
they can buy some small amount of satoshi instead

Or they can buy an altcoin and not feel like losers having to buy expensive crypto if they can buy a cheaper one with about the same, or one could argue, a higher potential utility.
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
September 29, 2014, 07:44:24 AM
Just wondering how many people are ready to admit that it isn't gonna have main stream adoption?

I want to talk about why and what can be changed to fix bitcoin, but first we have to admit there is a problem.   

Nothing needs to be changed to fix Bitcoin.  If there is something about Bitcoin that one doesn't like, all they have to do is use a different currency that they do like or create a new currency with the features that they want.

We don't all drive the same kind of vehicle.  We each drive a vehicle of our choosing with the features that we want.  It would be pretty ridiculous to think that everyone has to drive the same type of vehicle wouldn't it?  If we lived in a society that insisted that there can only be one kind of automobile, then some people would say that this vehicle has to be electrically powered, others would say it has to be a four wheel drive truck, others would insist that it be a motorcycle, others would say it has to be a van with lots of passenger space.  The arguing and bickering over what features that vehicle should have would never end.  The best option is to just let people choose for themselves what vehicle best meets their needs.  The same concept applies to currencies.

hero member
Activity: 686
Merit: 500
September 29, 2014, 07:44:04 AM
The problem is most people CANT AFFORD IT and they see no benefits in risking their FIAT money into it, that plus the hassle that is getting verified in an exchange and what not to obtain them.
they can buy some small amount of satoshi instead
full member
Activity: 168
Merit: 100
September 29, 2014, 07:41:07 AM
The problem is most people CANT AFFORD IT and they see no benefits in risking their FIAT money into it, that plus the hassle that is getting verified in an exchange and what not to obtain them.
newbie
Activity: 58
Merit: 0
September 29, 2014, 07:24:58 AM
i do not think its a failure yet,Bitcoin like any other "change,or era" needs awareness,with the way bitcoin is so technological and even some tech savvy people out there out still fail to accept it,what  more the normal Jane..the world needs time and to be educated about bitcoin.
newbie
Activity: 39
Merit: 0
September 29, 2014, 07:09:45 AM
Just wondering how many people are ready to admit that it isn't gonna have main stream adoption?

I want to talk about why and what can be changed to fix bitcoin, but first we have to admit there is a problem.   

So why are you still here man? Not yet ready to admit that its a failure?
sr. member
Activity: 434
Merit: 250
September 29, 2014, 03:55:42 AM
Surprised this thread was created by a Hero member, to be honest.

most likely a bought account
full member
Activity: 168
Merit: 100
September 29, 2014, 03:26:17 AM
Surprised this thread was created by a Hero member, to be honest.
sr. member
Activity: 588
Merit: 257
September 29, 2014, 03:23:26 AM
Yeah there is a problem... Almost noone uses bitcoin and bitcoin is valued at $400... Can you fix this sublime5447?

who the hell he is? can fix rate BTC lmao
newbie
Activity: 50
Merit: 0
September 29, 2014, 02:36:44 AM
You know what I notice? I've been trading in Altcoins in January, February, March.

EVERY SINGLE ALTCOIN that has risen came down at some point. And it feels like Bitcoin is following the same pattern. Just slower. And NO Altcoin ever rose to old hights again.
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