Topic: The Forum is Dying (Read 2989 times)

I don't think he was. The sentiment was really poor as you noted. I even made the argument that miners would start purchasing coins if difficulty fell too low in late 2011 and people thought I was insane back then. I could make a similar statement today and people would similarly disagree that there are both people willing to mine at a loss and former miners willing to buy to support the price.

On the topic of newbie jail, when did it first start? I don't seem to remember it and I've only been around maybe just a little bit longer than the rest of you, I thought.

I take it you weren't on these forums in late 2011?

If you look around you'll see the signs...

-currency exchange section is slower then ever.
-posts are becoming more and more spam-like
-people are selling their accounts left and right
-the overall mood just doesn't seem positive anymore

I know me personally, I haven't held bitcoin overnight in months and don't plan to anytime soon. As for forum use, I come on, but only for business-purposes to convert payments I've received in bitcoin to fiat. I got into bitcoin beginning of 2013 and once it hit $300 (on way up) is when I said overpriced and got out.

Its a good idea however the price fluctuations honestly I think are what makes bitcoin unable to sustain being a growing currency. No one wants to go to sleep at night and every morning worry "Did I just lose 10% or more of my money overnight?". My margins are 10% and overnight a couple weeks ago I said what the hell I'll just leave it in bitcoin and I woke up and down 10%+. I lost my profit on my sale + more...what business owner is ever going to want to take that risk? From then on I converted all payments to fiat on exchanges and then sell for fiat to people here and LBC (not converting back to bitcoin until I find a person willing to buy said bitcoin).

Its sad really - I had high hopes for this currency and when it was stable around $100 for a long time is when I truly believed in it. It was relative stable. We'll see if it ever revives, honestly I doubt it. Biggest problems by far: liquidity and price stability

I would be very interested in knowing if casinos or services using bitcoin have had a drop in the overall USD worth of the action / money spent over last couple months to support the above.

At present difficulty levels, for me personally, anything below $8-$10/BTC is mostly a waste of time mining wise.  The video cards are paid for, but at 0.50 BTC a day, I'm getting what, $60 a month so basically just covering electric.

As the price continues to fall like the last month or two, at what point should we consider it "dead"?

This is why I have liquidated my position in Bitcoins.  There is very little upside going forward.  No forward moves of late have any traction whatsoever and demand continues to lag.  Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.

But the whitelist worked fine
Just had to post a technical question in that section and you got whistled right on through since I did that lol.

You have been manually whitelisted by a moderator. You can now post in the regular sections.

(This is an automated message.)

You guys think newbie jail during your times was bad? When I registered, they didn't even have newbie jail yet and I was free to post anywhere. Then it was implemented a few weeks later, and I got thrown in newb jail. The worst part was that we had to request to get out, and the rule was to give a reason why you deserve to be let out lol. You can tell the truth, or just BS anything. Mods had to whitelist people manually, and were slow to do it.

One of the most inefficient systems implemented right after registration.

https://bitcointalksearch.org/topic/m.251582

If you look around you'll see the signs...

-currency exchange section is slower then ever.
-posts are becoming more and more spam-like
-people are selling their accounts left and right
-the overall mood just doesn't seem positive anymore

I know me personally, I haven't held bitcoin overnight in months and don't plan to anytime soon. As for forum use, I come on, but only for business-purposes to convert payments I've received in bitcoin to fiat. I got into bitcoin beginning of 2013 and once it hit $300 (on way up) is when I said overpriced and got out.

Its a good idea however the price fluctuations honestly I think are what makes bitcoin unable to sustain being a growing currency. No one wants to go to sleep at night and every morning worry "Did I just lose 10% or more of my money overnight?". My margins are 10% and overnight a couple weeks ago I said what the hell I'll just leave it in bitcoin and I woke up and down 10%+. I lost my profit on my sale + more...what business owner is ever going to want to take that risk? From then on I converted all payments to fiat on exchanges and then sell for fiat to people here and LBC (not converting back to bitcoin until I find a person willing to buy said bitcoin).

Its sad really - I had high hopes for this currency and when it was stable around $100 for a long time is when I truly believed in it. It was relative stable. We'll see if it ever revives, honestly I doubt it. Biggest problems by far: liquidity and price stability

I would be very interested in knowing if casinos or services using bitcoin have had a drop in the overall USD worth of the action / money spent over last couple months to support the above.

You guys think newbie jail during your times was bad? When I registered, they didn't even have newbie jail yet and I was free to post anywhere. Then it was implemented a few weeks later, and I got thrown in newb jail. The worst part was that we had to request to get out, and the rule was to give a reason why you deserve to be let out lol. You can tell the truth, or just BS anything. Mods had to whitelist people manually, and were slow to do it.

One of the most inefficient systems implemented right after registration.

https://bitcointalksearch.org/topic/m.251582

A few days? I think it was initially four hours browsing time and few posts but then was reduced to just one post I think before being removed completely. There are pros and cons to it but it probably turned many users away instantly and only confined the spam to beginners and help for a short while before they quickly broke free.

The Forum is Dying

I am sure it does have to do with the lack of newbie jail but that was removed a long time ago, over a year (?) now.

If you look around you'll see the signs...

-currency exchange section is slower then ever.
-posts are becoming more and more spam-like
-people are selling their accounts left and right
-the overall mood just doesn't seem positive anymore

A few days? I think it was initially four hours browsing time and few posts but then was reduced to just one post I think before being removed completely. There are pros and cons to it but it probably turned many users away instantly and only confined the spam to beginners and help for a short while before they quickly broke free.

And newbie jail didn't protect against that, it just delayed them a few days. I remember I graduated newbie jail pretty quickly.

This page here shows the number of new signups and new posts per month:

https://bitcointalk.org/index.php?action=stats

There has been a noticeable drop the past few months, but I guess it's due to the end of bubble-mania.

I am not in a debate too. Yes, you both are right but IMHO now newbies can go straight into the thing they want, Technical Support, Dev & Tech Discussion, Services etc... and yes they can start a scam too. They are like a coin with two sides, almost everything has both advantage and disadvantage.

    -MZ

Not really sure what you are getting at. I am not even trying to debate whether it was a good or bad idea. My point is that increased registrations are a result of the removal of "newbie jail" and the corresponding farming of accounts, not because of genuine forum activity picking up.

I am sure it does have to do with the lack of newbie jail but that was removed a long time ago, over a year (?) now.

This couldn't have anything to do with the fact that Theymos removed the newbie jail now could it? Nah.

What is the point of 'newbie jail' here? Are you making some sort of ironic sentence? IMHO theymos did right thing.

   -MZ