Who else sold out? - page 4. | Bitcointalksearch.org

DrYe5

sr. member

Activity: 490

Merit: 250

Quote from: Are-you-a-wizard? on September 04, 2011, 04:31:10 AM

This is not a troll thread. I ask a simple question, if you start spewing crap about this being a troll thread then you are the troll. This is a legitimate question and I see no reason why it doesn't have a place on this forum.

How many of you guys have lost faith in Bitcoin and sold almost all of yours?

I'm not holding and I've withdrawn my trading funds from the exchanges.

If ever I need bitcoins, I'll buy exactly what I need and spend it immediately.

defxor

hero member

Activity: 530

Merit: 500

Quote from: Revalin on September 04, 2011, 07:47:49 AM

My goal from the start was to have a payment network, not a speculative investment asset

+1

Getting the get-rich speculators out of the spotlight is only good for Bitcoin at the moment. Less focus on whether it's a pyramid/ponzi and more focus on what it actually brings to the table.

Revalin

hero member

Activity: 728

Merit: 500

165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g

Quote from: Are-you-a-wizard? on September 04, 2011, 04:31:10 AM

How many of you guys have lost faith in Bitcoin and sold almost all of yours?

I wouldn't say I've "lost faith", but I do believe the market is terribly overvalued based on fundamentals, so I keep almost all my money in USD instead of BTC. My goal from the start was to have a payment network, not a speculative investment asset, so I can't say I'm torn up about it. To those looking to get rich quick, good luck, but I wouldn't bet my net worth on it.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: BitcoinNotify.com on September 04, 2011, 05:02:51 AM

Bitcoin technology is so appealing and addicting I can't possibly imagine "loosing faith". In fact, it's not about "faith", it's about understanding the underlying technology and intrinsic advantages.

+1 As long as developers are still working on improving bitcoin, I see no reason to turn away.

Alex Zee

member

Activity: 112

Merit: 10

Quote from: BitcoinNotify.com on September 04, 2011, 05:18:59 AM

Scalability concerns have been very well addressed here: https://en.bitcoin.it/wiki/Scalability

Actually, after reading it I think scalability concerns are addressed very poorly there.

They propose all sorts of tactical ways to affect K in the "K*n2" formula, while tip-toeing around the strategic issue of n2.
The K is irrelevant, that's why we have the big-O notation.

It seems to me that so long as there is a single chain of all transactions, the system is not scalable, super-nodes or no super-nodes.
Because workload is not spread between super-nodes, but rather duplicated and in the end every (super)node has to process ALL transactions in the world...

Ok, I don't want to hijack the thread, sorry

I will shut up now.

qwk

donator

Activity: 3542

Merit: 3413

Shitcoin Minimalist

Quote from: Are-you-a-wizard? on September 04, 2011, 04:31:10 AM

How many of you guys have lost faith in Bitcoin and sold almost all of yours?

I think, the latter sums it up quite well: "sold almost all of yours"

If you really lost faith in btc, why not sell all? Because you still believe that there might be more coming. And that is the opposite of losing faith.

Exonumia

full member

Activity: 189

Merit: 101

Quote from: Are-you-a-wizard? on September 04, 2011, 04:31:10 AM

How many of you guys have lost faith in Bitcoin and sold almost all of yours?

You can sell em?

aq

full member

Activity: 238

Merit: 100

Quote from: Alex Zee on September 04, 2011, 05:09:03 AM

I can't say I lost all faith, but I have a strong feeling that BitCoin is dying (not to spread FUD or anything)...

Quote from: Alex Zee on September 04, 2011, 05:41:41 AM

Quote

Shifting 60 gigabytes of data in, say, 60 seconds means an average rate of 1 gigabyte per second, or 8 gigabits per second.

So, Bitcoin could have scaling issues in a scenario unlikely to happen within a decade at least, assuming development is being halted today.
Well, that is spreading FUD.

defxor

hero member

Activity: 530

Merit: 500

Quote from: Alex Zee on September 04, 2011, 05:41:41 AM

Quote

Shifting 60 gigabytes of data in, say, 60 seconds means an average rate of 1 gigabyte per second, or 8 gigabits per second.

Yeah, that's comforting...

No, but one proposed solution is:

Quote

Bandwidth
The network costs of distributing blocks can be minimized by changing the protocol to send blocks as a header plus a list of hashes. Because nodes are very likely to have already seen a transaction when it was first broadcast, this means the size of a block to download would be trivial (80 bytes + 32 bytes per transaction). If a node didn't see a transaction broadcast, it can ask the connected node to provide it.

Alex Zee

member

Activity: 112

Merit: 10

Quote from: BitcoinNotify.com on September 04, 2011, 05:18:59 AM

Scalability concerns have been very well addressed here: https://en.bitcoin.it/wiki/Scalability (AFAIK by google employee).
anything)...

Quote

Shifting 60 gigabytes of data in, say, 60 seconds means an average rate of 1 gigabyte per second, or 8 gigabits per second.

Yeah, that's comforting...

BitcoinNotify.com

newbie

Activity: 58

Merit: 0

Quote from: Alex Zee on September 04, 2011, 05:09:03 AM

Quote from: BitcoinNotify.com on September 04, 2011, 05:02:51 AM

Bitcoin technology is so appealing...

Yeah, this is where it's a problem for me. As I've posted here already, I have major concerns about scalability of BitCoin, so I don't find the technology so "appealing".
I find the idea appealing, but not the current implementation.

Scalability concerns have been very well addressed here: https://en.bitcoin.it/wiki/Scalability (AFAIK by google employee).

Quote from: Alex Zee on September 04, 2011, 05:09:03 AM

I can't say I lost all faith, but I have a strong feeling that BitCoin is dying (not to spread FUD or anything)...

What really, fundamentally matters is the infrastructure (exchanges, merchant solutions, businesses accepting Bitcoins, ...). This area is stronger than ever. Just have a look how SilkRoad is flourishing Wink

Alex Zee

member

Activity: 112

Merit: 10

Quote from: BitcoinNotify.com on September 04, 2011, 05:02:51 AM

Bitcoin technology is so appealing...

Yeah, this is where it's a problem for me. As I've posted here already, I have major concerns about scalability of BitCoin, so I don't find the technology so "appealing".
I find the idea appealing, but not the current implementation.

I can't say I lost all faith, but I have a strong feeling that BitCoin is dying (not to spread FUD or anything)...

payb.tc

hero member

Activity: 812

Merit: 1000

Quote from: BitcoinNotify.com on September 04, 2011, 05:02:51 AM

Quote from: Are-you-a-wizard? on September 04, 2011, 04:31:10 AM

This is not a troll thread. I ask a simple question, if you start spewing crap about this being a troll thread then you are the troll. This is a legitimate question and I see no reason why it doesn't have a place on this forum.

How many of you guys have lost faith in Bitcoin and sold almost all of yours?

Bitcoin technology is so appealing and addicting I can't possibly imagine "loosing faith". In fact, it's not about "faith", it's about understanding the underlying technology and intrinsic advantages.

likewise. i'm selling quite a few at the moment (see market), but i'm as keen as ever on bitcoins. will be buying back in as soon as i can, even if that means doing it at a higher rate.

BitcoinNotify.com

newbie

Activity: 58

Merit: 0

Quote from: Are-you-a-wizard? on September 04, 2011, 04:31:10 AM

This is not a troll thread. I ask a simple question, if you start spewing crap about this being a troll thread then you are the troll. This is a legitimate question and I see no reason why it doesn't have a place on this forum.

How many of you guys have lost faith in Bitcoin and sold almost all of yours?

Bitcoin technology is so appealing and addicting I can't possibly imagine "loosing faith". In fact, it's not about "faith", it's about understanding the underlying technology and intrinsic advantages.

Are-you-a-wizard?

member

Activity: 98

Merit: 10

This is not a troll thread. I ask a simple question, if you start spewing crap about this being a troll thread then you are the troll. This is a legitimate question and I see no reason why it doesn't have a place on this forum.

How many of you guys have lost faith in Bitcoin and sold almost all of yours?

Topic: Who else sold out? - page 4. (Read 6720 times)