Topic: The End Is Near - page 5. (Read 11572 times)

'Come from beyond', what is the actual purpose of your rant?

Just to get people upset or what?

Happily bitcoin doesn't answer to you, nor do the thousands of users. I'm curious though as to the purpose of your post? What are you hoping to achieve?

I am sorry but I don't see how having some competition means the end of Bitcoin. Your topic would be much better if you would write it from an angle that outlines bitcoin difficulties rather than make it into a FUD rant.

Well. I have to admit there is some progress.

I'm not talking about USD/BTC rate. I'm talking about
and

https://en.bitcoin.it/wiki/Trade
We started end 2009 with zero exchange possibilites and we had no idea what one bitcoin could be worth. Now we have hundreds if not thousand of bitcoin-accepting businesses, we have several exchange markets who operate in different countries with different state currencies. We build a community with thousands of people all sharing the same ideal. We made that almost all the internet-affine people know about Bitcoin.
All the products you listed where supported by huge profit oriented business and none of them was the first product of their kind.
Seriously, I could go on and on.
Saying Bitcoin is at it's end because it's not the worlds #1 currency yet is just offensive to everyone who is really involved with the bitcoin community and is totally ignoring what we, as a internet community have reached. We have started a freaking revolution via the internet, how can you just ignore such a thing?
Feel free to leave us at any point, but don't think Bitcoin has reached it's zenith yet.

Internet, invented in the 1960's.
US Backbone in the 1980's
Commercialization in the 1990's.
2012 over 1/3 of the world population using it.

Let's not compare the Internet to Bitcoin. It didn't start with a few nerds sending coins to each other without being commercialized. Oh wait... yeah it did. A couple of years in we have bitpay and some other cool tools.

4 years of bitcoin seems just like the beginning.

6000 nodes.

250,000 wallets on blockchain.info

Transaction volume increases.

Yeah, it looks like the end is near for sure.

everyone is thinking the end is near due to the price being nearer the $100 mark compared to the $240 mark..

the way i see it...
Feb 2013 low of $20
March 2013 low of $33
April 2013 low of $50
May 2013 low of $91


dont worry about the highs, they will be ramped by many speculations the proaganda machines can think up next.

as long as the lows don't drop too much and creep up in value each month then bitcoin is still growing. ignore the daily amounts if your thinking about long term investments. the daily amounts are for day trading profiteers.

for long term value, use the monthly low figures to see what is happening

So assuming USA tomorrow announce they will use virtual money, but why the hell they use Bitcoin ?? They could announce AmericaCoin wich is not in 50% in hand of "unknown" people. This is impossible to any country or big organisation accept bitcoins, rather they will introduce their own Xcoin.

It should probably be noted that Bitcoin was released as an extremely incomplete product, and the default Bitcoin client's made a lot of progress over its earlier releases. It's like writing off computers because it's a two-ton machine which takes a small warehouse to hold. Kickstarter's probably a fair example, but I've never heard of Pinterest, so I'm either under a rock, or it's not as popular as you think.

Bitcoin has one of the biggest hurdles of ANY venture - and that's education and social acceptance. It's the hallmark of a revolutionary product. Bitcoin is an educational challenge because there's a LOT going behind the scenes. Few people really know the mechanics of how USDs are made and regulated, but the government's gone around that obstacle with their product by just declaring it the only legal tender. We don't understand it, we just use it - because in most cases, we have to.

Bitcoin has a particularly bad time handling education, because when it was created, there was no press coverage. Compare that to something like "Mint" coins from Canada, where everyone figured they might encounter it since it came from the government, and the press started off by explaining what it was and how it might affect us. The press has started doing that with Bitcoin, but generally not in "everyman" media. There wasn't that initial hype -- media outlets didn't spend a few days talking about the implications of Bitcoin and how it worked, so it's really been all on the devs, businessmen, and evangelists. Bitcoin didn't really have a honeymoon period in the media, it just has a writer every now and then finding it interesting how dramatic some of the financial numbers are, either in the exchanges, or with illegal goods - and every now and then, a talking head will go on about how Bitcoin's going to enable criminals in a revolutionary new way, stopping just short of making a public call to action for government regulation.


-But yeah, merchant adoption does suck. With a lot of anonymous products Bitcoin users are familiar with, there's acceptance for donations and payment, but rarely outside that. It's kind of silly that I first shop for a store on the Bitcoin Trade Wiki before shopping for products, and I don't think it's reasonable to expect consumer adoption while that's still happening - but there are a lot of VCs who are aware of this and working on the next big thing. They really are out there (and by "there," I mean here), so if you have a very clever idea and release it publicly with a pseudo-resume saying why you and whoever you're with can implement this well, then ask for funding, someone will likely tap you eventually. They're looking at services like BitPay and BitInstant, because ease-of-use (reducing the education burden) is key to Bitcoin adoption, even moreso than just talking about Bitcoins publicly - because the Bitcoin infrastructure right now is not a collection of products ready for the public. Buying Bitcoins shouldn't be something you need to "plan" for... The way Gox and other exchanges make you wait (because we haven't found enough good, cheap, quick ways around AML regs), it's as bad as filing your fucking tax returns. Legal tender, AML, and tax laws all burden Bitcoin in ways more profound than almost every other product, and ease-of-use suffers because of it, which hurts adoption rate.

I really think, when we see either a Bitcoin ATM or a debit card which can take and give both fiat and BTC - or even just a legitimate bank/CU, merchant adoption (esp. B&M, where Bitcoin has practically no presence) is going to start soaring. When I can use my BTC in the Bank of BitInstant - or whatever - and use it like USD with a debit card, I can basically use BTC everywhere. Right now, I can't really take my Bitcoins with me. I don't want to store coins on a phone, and I definitely am not going to be pressing my phone against a cash register dongle like the world's biggest douchebag. Physical coins are unsuitable for reasons I don't think I need to get into - and I gotta poop, so...

yeah!

You have come to herald the coming of your new cryptocoin, but keep in mind: you can't be both John the Baptist *and* Jesus.

I'm sure someone said else said something similar to the OP back in the 2011 crash. Heck, someone might have even said the same thing last Fall without any huge price corrections.

I expect a lot of new services and firms using BTC's to emerge in the next 6 to 12 months. I don't think all those VC's you heard about in the past month will suddenly get weak in the knees because of these price swings. Volatility and BTC's go hand in hand in this really early phase when the world doesn't know what the true value of a Bitcoin is. Each time we get large price movements, useful people will take notice. Some of those useful people move into the system and help it grow. Those who are unfit for Bitcoins will leave. In the end, Bitcoins loses nothing and gains everything.

And consider these facts:

-Bitcoin is open-source CURRENCY. It is not a PRODUCT being pushed and marketed by powerful elites (with their endless supply of brainwashing guru's) with really really deep pockets.
-No one has tried introduce a disruptive tech like Bitcoins before, a tech that fights centralized banking
-It's a CURRENCY not backed by a centralized power <- remember this, it is not some smartphone or some piece of operating system, which are just products on top of existing products that the masses are ready to consume... the whole philosophical idea behind Bitcoins is totally foreign to the average citizen who don't understand how their papers are created

Those facts alone makes life VERY difficult for Bitcoins. So to have Bitcoins where it is today (in a relatively short lifetime of 4 years) I would say Bitcoins is ALREADY a smashing success.

Sure Bitcoins is not perfect, but what is? It's still totally unknown to 99.9% of the population. It is an infant fighting ALMOST insurmountable odds. So there's much growth to be had, and most likely, much growth WILL occur.

the end of FIAT is near!

It failed personally for you as you lost your chance to adopt bitcoin early and now you are expecting that early adoption to some new ShitCoin will make you mega-rich. How naive.
Good luck and good bye.

k bye.

Iphones and Android are backed by huge firms... bad way to compare things.

OK. I just want to put emphasis on very long maturation period of Bitcoin. We are stuck, time to move on.

iPhone and Android does not fit into the list!

They're popularity would have most likely not come if it weren't for that BlackBerry started making smartphones some decades earlier.

So!

Smartphones
Invented: 1994 (based on and idea from 1973)
Gained popularity: 1999

I should repeat, Bitcoin failed, other altcoins didn't.

obviously the OP is giving up, oh well. more coins to go around for new adopters, no loss there then.

in other news the euro has been around for over a decade and still even now people dont trust it. theres been bank robberies, shutting down of banks, and all the other blah the OP mentions.

in other news the UK Pound has been around for a few hundred years and still even now people dont trust it. blah blah, ill save repeating the same story as the OP spouts about bitcoin.

in other news the dollar, yen, blah blah. you can guess what im saying here..


now the only difference being is that bitcoin is not a government owned product which is then licensed for people to have in their possession. bitcoin is actually your asset, your property. they cant just go into your bank and reduce the decimals to zero.

as for the 4 year itch. back in the days of the wild west it took much longer then 4 years for the dollar to expand beyond local bartering and become an internationally recognised and traded product.

yet people in the UK already buy american, european products and services with it. and vice versa

so ignore the propaganda that bitcoin is failing. thats just fake hype someone wants people to think to cause a drop in the price purely so they can buy in cheap.