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Topic: Why bitcoin is in big trouble and is ultimately doomed! (Read 13219 times)

member
Activity: 70
Merit: 10
I am out of bitcoins, and only have litecoins/namecoins... if you post on my Free Coins topic on the newbie forum, id be happy to give you some in the next batch Smiley
sr. member
Activity: 476
Merit: 250
Oh well, time to give more of these useless bitcoins and litecoins away...

I will happily take some of those useless bitcoins off you. Address is in my sig. Smiley
member
Activity: 70
Merit: 10
Lol, and a typical bitcoin problem, there hasnt been a block for over *2 HOURS*...

Seeing as most people wait 6 confirms for a transaction, I find it very hard that the world economy is going to depend on a system that could take 12 hours potentially to confirm a transaction... Lol, imagine the problems of trying to buy groceries and this happens...

Oh well, time to give more of these useless bitcoins and litecoins away...
Last block was generated only a few minutes ago
http://blockexplorer.com/


Ah your right, it looks like blockchain.info is screwed up... lol...
aq
full member
Activity: 238
Merit: 100
Lol, and a typical bitcoin problem, there hasnt been a block for over *2 HOURS*...

Seeing as most people wait 6 confirms for a transaction, I find it very hard that the world economy is going to depend on a system that could take 12 hours potentially to confirm a transaction... Lol, imagine the problems of trying to buy groceries and this happens...

Oh well, time to give more of these useless bitcoins and litecoins away...
Last block was generated only a few minutes ago
http://blockexplorer.com/
member
Activity: 70
Merit: 10
Lol, and a typical bitcoin problem, there hasnt been a block for over *2 HOURS*...

Seeing as most people wait 6 confirms for a transaction, I find it very hard that the world economy is going to depend on a system that could take 12 hours potentially to confirm a transaction... Lol, imagine the problems of trying to buy groceries and this happens...

Oh well, time to give more of these useless bitcoins and litecoins away...
legendary
Activity: 4760
Merit: 1283
Ive been telling everyone I know how stupid bitcoin is, hehe, and the posting constantly to media sites warning people about this... It shouldnt be long before people realise the truth! Smiley

Yup....any minute now...

In related news, I wonder how our somethingawful friends are getting on?  I don't reckon they'll be showing up here a year after their assertions that Bitcoin was on deaths door and that everyone who was involved was an ignorant loon.  The latter may well be true, but that only goes to show that an ignorant loon can be up $1000's/day with a little patience...and there is a chance that we've not seen anything yet.

Although most of the SA guys were pretty lame I actually do miss 'fatlas' who was pretty clever and funny most of the time.  If I were not so lazy I would go find out if they are accepting Bitcoin as payment for membership yet.  It was pretty funny that people were chumped into paying $100's per year for a forum then coming here to call Bitcoin folks retards.

member
Activity: 70
Merit: 10
Ive been telling everyone I know how stupid bitcoin is, hehe, and the posting constantly to media sites warning people about this... It shouldnt be long before people realise the truth! Smiley
member
Activity: 70
Merit: 10
[redacted]

If you wanna be an idiot on my thread, post elsewhere... You have been reported...
legendary
Activity: 1288
Merit: 1227
Away on an extended break
I don't usually say this or do this, but...



OP, have you paid back your loans on Bitcoin-OTC yet?

A) None of your business
B) I am not willing to discuss it

Nah, I don't think so. You've 'deleted' your wallet.dat anyway.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
Bitcoin is gone, I can see its obvious and inevitable now... The price going up is the first sign of its ultimate failure, and I am so confident that this is the case, I have actually deleted my entire wallet.dat file and all the bitcoins there... Games up guys, time to move to the next project! Smiley
I doubt you believe this, or that you deleted your wallet. It just doesn't pass the smell test. Why would you not sell those coins? That would have been more believable.

I believe bitcoins being destroyed will end bitcoin quicker, as it will end up in a deflationary spiral which causes market paralysis...
Ok, I guess you have your reasons. But you are only hurting yourself right? You can't possibly destroy enough bitcoins to make a difference. The only thing you might be able to do is destroy enough to put upward pressure on the price. That just hurts you and helps bitcoin.
member
Activity: 70
Merit: 10
I don't usually say this or do this, but...



OP, have you paid back your loans on Bitcoin-OTC yet?

A) None of your business
B) I am not willing to discuss it
legendary
Activity: 1288
Merit: 1227
Away on an extended break
I don't usually say this or do this, but...



OP, have you paid back your loans on Bitcoin-OTC yet?
legendary
Activity: 1526
Merit: 1001
Bitcoin is gone, I can see its obvious and inevitable now... The price going up is the first sign of its ultimate failure, and I am so confident that this is the case, I have actually deleted my entire wallet.dat file and all the bitcoins there... Games up guys, time to move to the next project! Smiley
I doubt you believe this, or that you deleted your wallet. It just doesn't pass the smell test. Why would you not sell those coins? That would have been more believable.

I believe bitcoins being destroyed will end bitcoin quicker, as it will end up in a deflationary spiral which causes market paralysis...

Now I get it! Your daddy works for Western Union. Tough luck, buddy.
member
Activity: 70
Merit: 10
Bitcoin is gone, I can see its obvious and inevitable now... The price going up is the first sign of its ultimate failure, and I am so confident that this is the case, I have actually deleted my entire wallet.dat file and all the bitcoins there... Games up guys, time to move to the next project! Smiley
I doubt you believe this, or that you deleted your wallet. It just doesn't pass the smell test. Why would you not sell those coins? That would have been more believable.

I believe bitcoins being destroyed will end bitcoin quicker, as it will end up in a deflationary spiral which causes market paralysis...
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
Bitcoin is gone, I can see its obvious and inevitable now... The price going up is the first sign of its ultimate failure, and I am so confident that this is the case, I have actually deleted my entire wallet.dat file and all the bitcoins there... Games up guys, time to move to the next project! Smiley
I doubt you believe this, or that you deleted your wallet. It just doesn't pass the smell test. Why would you not sell those coins? That would have been more believable.
legendary
Activity: 4760
Merit: 1283
Bitcoin is a risky project and there is a high change that you will lose everything.

I would agree and have always retained this as a baseline concept, or tried to, but would add several things (which are my own personal opinions and projections):

 - It has the best risk/reward ratio of anything I've run across.  (e.g., gambling, precious metals, etc.)

 - The chances of capitalization or loss will be modulated greatly by background skill sets that an individual may or may not have, and also to some extent the structure of the political system which one lives under.

 - It is an opportunity to participate early in a technology which is truly revolutionary and has great potential to have a lasting impact on society.  No matter what the future of Bitcoin itself, the concepts it has introduced more broadly will almost certainly grow and evolve.

legendary
Activity: 1288
Merit: 1227
Away on an extended break
Oh lol, that was an accident, im not really trying to help anyone or make anyone any money, and, if I had my choice, I would make the price crash to 0.001. Even still, I am sure this will happen eventually...

Im tired of this... Watch out! Bitcoin, litecoin, namecoin are all doomed!
The world is doomed on 2012 anyway. Why don't you delete your forum account and jump off the building, just to make this fast?
sr. member
Activity: 476
Merit: 250
I would make the price crash to 0.001.
Please do this. That would be so awesome!
member
Activity: 70
Merit: 10
Oh lol, that was an accident, im not really trying to help anyone or make anyone any money, and, if I had my choice, I would make the price crash to 0.001. Even still, I am sure this will happen eventually...

Im tired of this... Watch out! Bitcoin, litecoin, namecoin are all doomed!
legendary
Activity: 1526
Merit: 1001
Actually, thank you again Mystery. Due to your timely link on BTC-E I received 6 Bitcoins back from Zhou's personal compensation fund. A day later would have been too late. I'm sure you did your claim there as well and got something back.
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