Topic: Why are so many people Anti-Bitcoin? - page 4. (Read 7605 times)

Agreed. Free inevitably leads to thinking "Too good to be true." Even scammers know that if you want to scam someone, you have to make them feel like they worked for it (by scammers I mean salesmen, though there's often little difference).

Saying bitcoin is "free" (as in "free beer") is not a good idea.  It is only "free" now due to block subsidies.  When block subisides are reduced or eliminated there will still be a need to fund the network.  That will come from transaction fees.  Personally I think low cost is more plausible and less likely to be considered some kind of "magical money from nowhere" system than free.  Nothing in life if free and that include Bitcoin.

Of course you can know. Bitcoin only requires "new blood" in the context of adoption. Nobody needs to "buy in". You could very easily provide a good or service and simply receive your Bitcoin. Once everyone sees and agrees that a value can be transferred with it (easily and feeless), then the ability to spend those earned Bitcoins will be ubiquitous throughout the world.

Edit: Bitcoin will not fail as long as *any two people* agree that a value can be transferred between them.

This part I've always found most confusing. By saying Bitcoin doesn't have services and products, I guess you are implying that USD has services and products? So, what is a product of US dollars?

LOL so instead of the most obvious reason that people have a problem with other people being suckered into a pyramid scheme, it must be one of these conspiracy-theory options. Screw occam's razor.

And, of course, there is absolutely no chance that the large majority of the people making posts like this have nothing to gain in doing so. It's all so innocent, just buy and tell your friends.

Bitcoins failure is the least interesting thing about this now.  Here is the delicious food that keeps the outsiders visiting:

1.  Libertarians with poorly thought out ideas.  Atlas reigns supreme at this.  But other gems like logansryche and Matthew N. Wright help add to the Greatest Hits of Bitcoin.

2.  Scammers.  Hopefully Bruce will get bored of laying low and trying to get OWS folks to shower in his apartment.

3.  Desperation.  You can smell it a mile away.  Each time the price of BTC dips, you see the threads pop up with terrible ideas about how to spread knowledge of the existence of bitcoin without improving the services or products.


If I can just keep one person from losing their shirt on this stupid shit, it will all have been worth it.

The problem is people are so narrow minded.

Here is a technology making it possible to do everything the banks does by yourself!
I mean talk about empowering people.  How so many people fail to see this is beyond me.
Think about never having to deal with a bank ever again, aaaah the thought makes me feel all warm and fuzzy ^^

You wanna change the system? well here is your chance. Why do you think there is so much inequality in the world.
It's all rigged to favor the people on top. Sure you can speak your mind but you're still a slave to the debt based money monopoly of the banks. Bitcoin is the greatest weapon ever invented to change all this. With asia, middle east and africa coming online more and more it's only a matter of time before this explodes.

OK I agree you can't really know right now if Bitcoin is a ponzi scheme or not. Only time will tell.
I applaud all the people here who spend their time and money trying to change the world for the better.
 
Bitcoin may die, but the idea will never die. So we get bitcoin 2.0, 3.0, brix 5.0 whatever.
The Genie is out of the bottle, and it will never go back in.

It's the best of both worlds - you CAN make them anonymous, but you can also prove that an address has been paid.

Sorry, as long as I keep hearing this, I will repeat... "Yes they can be". Otherwise, great speech! 8D

These are the exact same people.


I think you're being a little hyperbolic when you say every BTC transaction. I too suspect that it's mostly currency speculation right now, but we can never tell for sure what it's all being used for.

Mysterious development: You don't need to trust Satoshi, you can check the code and compile it yourself. Or if you lack those skills, you can find a trusted party to do it for you.
You can exchange with anyone. If for some reason you trust me, I will sell you Bitcoins.
Bitcoins are not anonymous. If you're worried a vendor will deny payment, get them to sign their receiving address so you can post a block explorer link proving you paid.

Bitcoin hasn't even been around 3 years.  It really hasn't had any significant follow for more than a year.  I'll give the free market a little more time to decide.

By your logic free market rejected:
the internet
the personal computer
paypal
ebay
credit cards

What I don't get is why you are here.  We got it you think Bitcoin will fail.  Fine.  Lots of people think that.  99% of mainstream media articles are negative.  The comments of every non-bitcoin blog that runs a bitcoin story are full of 10,000 of you.  We get it you are 100% convinced that bitcoin will fail.  

Which is more sad ... people struggling on a project that ultimately fails or they sad little man who wastes years of his life to be there when it happens.

"See I told you.  I spent 5 years on this forum to be able to say I told you bitcoin would fail".  Meh.

go read the source! no mysterious third party, the whole thing is clearly readable.
and exchanges are not to be trusted, and so are banks too.
real blockchain attacks DO NOT HAPPEN, in reality. (yet, and hopefully never will)

all your trust issues, can be solved by reputation. i would never buy from someone that i did not know, or do not have a reputation.

All valid points, especially the first one. BTC is just a proxy currency ATM. Even if you get businesses accepting BTC it will be quite a while before suppliers take BTC. For an example : imagine Nestle accepts BTC but I am 99% sure that the cocoa farmers accept USD only in Colombia or whatever. More adoption will not raise price like some people seem to think.

Considering BTC is priced in fiat money and fiat money begins and ends every BTC transaction, I don't really understand how it's an alternative.

Let me put it this way: has a vendor ever received bitcoins and then spent those bitcoins on a good or service that wasn't basically fiat money?  If there's no second step in the currency chain, it's pointless except as an experiment in giving exchanges money.


Ok.  


This doesn't make a whole lot of sense.  How are your bitcoins backed up?  If you lose them, they're gone.  There will never be an insurance on bitcoins because it would just be a siren call to be defrauded.


Again, this doesn't make sense.  Inflation only matters in terms of spending power, and bitcoin spending power has been incredibly inflationary since it peaked at $30.  You used to be able to buy six Dominoes medium pizzas for a single bitcoin.  Now you need 2-3 for each pizza.  


And by control you mean trusting a mysterious third party who developed this whole thing, then trusting money changers to convert your fiat money into some kind of electronic form, then trusting the exchanges to not just disappear with your money or bitcoins, then trusting that the difficulty never gets so low that a real blockchain attack could through the whole thing into disrepair, then finally trust that a vendor who accepts your bitcoins won't just vanish with them because you cannot prove that your bitcoins went to someone else (yay anonymity).


You have some very strange requirements for your currency that are not shared by many people.  Libertarians, the free market has spoken.

Anything from China, India, Russia, or other distant country without a $20 to $40 international transaction fee. So, um, you can buy a lack on an exorbitant fee.

nothing(except illegal stuff, but you could also buy that with cash).
but thats not the point.
The Point is:

Paypal is the wrong example. Tell me what I can buy with Bitcoins that I can't buy with Verifone?

At the very least a "sticky" so people can just go through the list and hit ignore

I want to get rich slowly. That means that I will always hold onto some minimum amount of Bitcoins for speculative purposes. Speculative value only last's as long as the speculation time frame. I think for a lot of optimimsts that time frame is fairly long, so expect the speculative value to stick around. I have no immediate or near future use for bitcoins. I don't need them in any way shape or form. But I bet other people could, so I value them. I am a speculator.

I think you are improperly using the word psychiatric.