Topic: Why are so many people Anti-Bitcoin? - page 3. (Read 7595 times)

Wrong question. What you should've been asking is "for what products and services is US dollars the most convenient way of buying and selling them?" The answer to that is obvious - nearly everything in the US, because everyone's costs and wage payments are in US dollars too! In fact, the US dollar is so useful that even I buy stuff using them fairly regularly, and I live in the UK.

Unfounded statistics, Fraud/Trust argument (happens in any currency)

"Nearly every" is hyperbole. Use provable stats next time. A properly labeled scam isn't really a scam (you've been warned).

Has nothing to do with Bitcoin and everything to do with infrastructure. Problems are actively being solved.

Fraud, misplaced trust, can (and does) happen with any currency.

What is the # of broken links on the internet? Probably a lot. Other issue is ubiquitous adoption. This will eventually be solved as more people learn and trust the underlaying principles of Bitcoin to transfer a unit of value to another person. (This is the primary function of a currency):

Problem is ubiquitous adoption

Bitcoin is a new technology and people have to learn how to protect against fraud it the same way they had to learn how to deal with scammers shaving off the sides of gold coins or plating worthless metal in gold:

Not if cared for properly. Cash can be and often is permanently destroyed by both acts of god and neglegence so we should stop using it?: Bitcoins is the first currency that can be encrypted and backed up. I'll take that over cash any day.

True statement. But this is only necessary until bitcoin acceptance is ubiquitous

Who the F cares. Besides, it's a little "insider" geek humor

It's accepted as long as it's constructive and pertinent. Real problems are discussed and solutions developed

This is what will eventually make Bitcoin ubiquitous and fulfill its primary role as a world currency - People's trust in it's ability to transfer a value of wealth in exchange for goods or services.



Totally agree with you. Anonymity on the web is certainly not easy. Sure your browser (and other applications) will leak identity information, but not so much with the Bitcoin client as long as your isolating transactions to specific identities. Strictly concerning Bitcoin, it is pretty easy for it to be completely anonymous if you follow the rules to prevent cross contamination.

I think that people are anti bitcoin for a very simple reason. It's a new concept to most people.

Many people who are anti bitcoin also are likely to have very little idea of how our current fiat system works.
Like politics, economics is easy to put on our back burner in our daily lives. Especially so if you've been desensitized to seeing the warning signs by the mass media.  

Progress from being unaware of using a broken central banking system that holds monopoly on money production to understanding bitcoin enough to appreciate it's p2p decentralized advantages isn't going to happen overnight. It's going to take time for a new mindset about money to take hold in people. Once the collective majority of the innovators' and early adapters' mindset has shifted away from the old system, we will finally see the true explosive growth in bitcoin. Of course this is me having faith in humanity to recognize the faults of our existing system.

Also the argument about exchanges being shutdown and what not may be as bad as it seems when you think about the banks being propped up by the tax money bailout. The real bankers already did the same thing with fiat money. It's just our gov is propping them up with more of our money. At least with bitcoin you only lose what you risk and noone is forced to pay to keep the exchanges open.

You are speaking about the real economy.

Banks and accounts get regularly hacked, estimates are about billions of $ each year hacked and stolen
Greek bond will be paid only 50% or so

See? Bitcoin is not different

They lost money lol

All the wild conspiracy theories are the correct answer.

I'm sure it has nothing to do with the fact that you are limited in cashing out deposits, or that investing/spending bitcoins has literally a 50/50 chance of someone taking your coins and running.

Nearly every bitcoin business venture has turned out to be a total out-and-out scam and you have had two ponzi schemes that were brazenly labeled as such.

Exchanges shut down regularly and often without any warning or explanation.  They are also hacked multiple times.

Mybitcoin shut down and offered you guys 49% of your coins back and you treated it as a victory.

Your list of bitcoin accepting vendors is 90% broken links and 10% stuff that could be bought cheaper with USD.

Anything you can buy with bitcoins still ends up converted into fiat money.  Bitcoin serves as a pointless middleman, not a currency in and of itself.

Your own bitcoin conventions don't accept payments in bitcoin.  Big confidence builder there.

Rampant scamming.

Bitcoins can be and often are permanently lost.

Using an exchange, bitcoins are not anonymous, they are linked to your bank account and can easily be traced back to it.

MtGox is just a repurposed Magic: The Gathering trading card website.  Magic: The Gathering Online Exchange.  This is entirely ignored.

Bitcoin adherents generally won't accept any criticism, no matter how valid. It's like watching a cat trying to bury his shit in a bathtub, funny, yet sad.  Any differing opinion is regarded as trolling.  This is so bad, even after solid legal evidence of Bruce's scamming, he was still widely defended here.

I will say, though, that as a piece of software, Bitcoin is pretty solid.  The community just sucks, though.  You guys need to stop labeling everyone who disagrees with you as trolls.  You make a lot of noise about the free exchange of ideas, but you sure as hell don't really believe it.

Fixed that for you!

I essentially stopped reading here:

DRM can never and has never worked. You have to defeat "cause and effect" to force DRM to work. This oversight tells me you have not thought enough about the steps required to foster annonymity.

Using TOR to separate your identities is not enough. You have to ensure that each of your (virtual) machines have a different (or at least generic) software configuration as well. Advertisers (like facebook and Google) are storing an increasing amount of data. I would caution you not to underestimate potential advances in data de-annonymization in the comming years.

You know, you're the only douche who keeps bringing up my totally awesome table. Maybe if you didn't mention it in every post, it wouldn't show up on google search results as much 

Satire!

Of course what I mentioned wouldn't come up on page one on mine, yours, or their Google search. But if a person wanted to dig further, they may probably find what I mentioned. I wasn't even implying that it was a good or bad idea. In fact, I leaned towards it being a smart idea.

As far as my Google target search results goes, every time I Google "Bitcoin" I get Rassah's coffee table.

Speaking of Google target search results, I have a gmail account I only use for my reclaimed barn wood enterprise. On the right side, I used to only see ads for lumber, flooring, wood furniture, etc. Now about 20% of the ads are about memory sticks and other computer related stuff, none of which is mentioned in my incoming and outgoing mail which is how those ads are supposed to be generated from. The only way they got there is because I stay longed into that account on Google and all my activity is archived under that name. No way should it be in my gmail account as outlined in their TOS.

Are you sure you didn't accidently search for CrazyCoin?

http://www.google.com/search?q=bitcoin

Top 10 results:
1) Wikipedia - Bitcoin
2) Bitcoin.org
3) Bitcoincharts
4) Mt. Gox
5) We Use Coins (What is Bitcoin?)
6) Bitcoin Wiki
7) "Bitcoin Economy is Collapsing" (The Atlantic)
"I didn't invent Bitcoin" (The Irish Times)
9) Bitcoin Miner  <- Really.  Some one has been doing some SEO
10) BitcoinMe <- Another shocker

Interestingly bitcointalk isn't in top 10, or top 50.  It is #68.  Ouch.  Still top 10 (all 99% of searchers see) is pretty good.  Would be nice it the Atlantic Article fell off the from page along with the pump & dump garbage (BitcoinMe).  Maybe adding in bitcoin.stackexchange.com and bitcointalk.org.  Still pretty good Google first impression.

LOL Thanks for the insight into your google targeted search results... Mine search reveals no such content!

I could see it now! A parent finds the note and decides to Google "Bitcoin". She first sees Rassah's coffee table, members wanting to commit suicide, and a convention in Pattaya. Then she asks Jr. if he remembers which house the note came from. Jr. remembers because it's the only house that he got paper with his candy. "It's the house with the old pickup in the driveway and the orange B in the window."

Any responsible adult would see this long before any kid does.

That's a little tl;dr for some kids these days.  You might want to just put:
"BITCOIN
Get free money here: "

BTW guys, this is what I'm handing out (with candy) tonight

I'm not a number cruncher, but just off the top of my head (I admit I could be way off on this), it seems that this might promote individual/distributed mining even more - as opposed to a few super mega asic power house mining camps.

If you think it will be 1/1000th of a penny you haven't considered how expensive the network is to run and maintain or how much the subsidies are currently.  Currently it is 2.6 million BTC per year in subsidies.  Eventually that will be 0. 

Lets say someday Bitcoin could bring in Paypal level transaction volume ~100 tps.  At 1/1000th penny per transaction that would be 0.1 penny per second or ~ $0.60 per block in transaction fees.  Even at 4000 tps (VISA scale transaction volume) that would be 4 cents per second or ~$24 per block.   Today block rewards are $160 per block.

I understand what you're saying, but the difference between free and 1/1000th of a penny is close enough at this point in time (for me). The minor details can be explained after the people I'm proselytizing to understand the "bigger picture". If I'm talking with somone who's interested, I'll take the few extra seconds to explain transaction fees, but in a bullet list for some passer-by, I have no moral issues saying they are "fee-less transactions".