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Topic: Why bitcoin is in big trouble and is ultimately doomed! - page 4. (Read 13219 times)

donator
Activity: 1731
Merit: 1008
...The main problem I see with bitcoin is reliability and trust. The community is fragmented, or non-existent while still trying to persuade itself that it still exists. ....
Facepalm at line two ... ignore,
Your post has zero content.
hero member
Activity: 504
Merit: 502
Double-jinx!!
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
That wasn't him. His account was hacked  Roll Eyes
You think so?

Ugh...must be the language gap where I fail to be ironic. Or my total ignorance when it comes to emoticons? I thought when I used roll eye it would point that i certainly doubt that hacked account crap story he pulled out.

Sorry, sarcasm never translates well on the internet. Unfortunately, the use of sarcasm on the internet requires that you be painfully clear about your position, otherwise you risk misinterpretation. For those that are naturally sarcastic (like me), it's kind of hard to deal with.  Undecided

Sorry for misunderstanding, of course i don't think someone would crack or hijack his account just to write a bunch of useless posts based on his "analysis" in the OP which consists of not more than 3 not very complicated sentences, and without real intention to reveal why he thinks that bitcoin is in trouble, or doomed.
Grin
full member
Activity: 189
Merit: 100
That wasn't him. His account was hacked  Roll Eyes
You think so?

Ugh...must be the language gap where I fail to be ironic. Or my total ignorance when it comes to emoticons? I thought when I used roll eye it would point that i certainly doubt that hacked account crap story he pulled out.

Sorry for misunderstanding, of course i don't think someone would crack or hijack his account just to write a bunch of useless posts based on his "analysis" in the OP which consists of not more than 3 not very complicated sentences, and without real intention to reveal why he thinks that bitcoin is in trouble, or doomed.
legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
Doomed and BOOM, $7. I like being doomed.

Seriously though, the OP is not quite up to speed. Reading quickly my eyes got caught in the rant about copy pasting Bitcoin addresses... stopped reading right there. Being involved with Bitcoin and somehow missing the significance of QR codes and URI links is simply retarded. It's a paradox of sorts, not possible unless you're really not aware of what is possible with Bitcoin already.

aq
full member
Activity: 238
Merit: 100
I couldn't possibly see how it worked. I think looked and realized it wasn't actually a currency, it was more of a commodity,

Bitcoin is a commodity that is perfectly suited for use as money. It is thus a commodity and a currency, to the extent it is used as such. The best monies, historically, have been commodities also (gold, etc). They are not mutually exclusive traits.


I dont expect bitcoin to even survive 6 months, at least not if you expect the coins to be worth anything or to be traded in any substantial amounts.

How much do you want to bet?  I will bet you $2,000 that Bitcoins will be worth more than $5 in six months. Put up or shut up.

Erik, this guy has no $2000. He is constantly asking for loans on IRC.
His nick there is "mysterybanshee". His OTC. IIRC he banned lately.
But at least he has a funny, albeit dated, webpage.

So why should we case, if this guy thinks that bitcoin will fail, and only because he got no loan?
legendary
Activity: 2030
Merit: 1000
My money; Our Bitcoin.
Hmm, perhaps a few possibilities:

1. OP is high
2. OP is hacked, and hacker is posting on a different login session (unlikely)
3. OP is retarded, stupid, an idiot, or some combination of those
4. OP is pushing some kind of agenda (whose?)
5. OP is a scammer trying to raise his post count in order to become more legitimate to new users (also likely) before selling them stuff and running.
  5a. See how he never quotes anyone, so as to leave incriminating or opposing views out of his post history?
6. OP needs to get a life and come back in a few years

7. OP is using reverse psychology and is actually trying to pump up the price of BTC. 

it just hit $7

 Wink
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
I have news for you OP, litecoin will more likely than not take another crash dive real soon when the big dump comes-a-flying.
I'd crash it if I could be arsed to pull that old wallet out of my backups. But they aren't worth enough to warrant the hassle.
hero member
Activity: 504
Merit: 500
5 pages of responses to the OP with half a turd of a brain.

I thought for sure you were going to follow that with how stupid we all are for risking our limbs to feed it. =)
hero member
Activity: 518
Merit: 500
I'd wager OP is kicking himself right now for creating this thread and undoing all the work he did building up a scammer account.
hero member
Activity: 504
Merit: 502
5 pages of responses to the OP with half a turd of a brain.

After reading the OP it wasnt hard to see he has zero economics experience or any idea how the financial industry works. OP you should definitely go hang out on 4chan or somethingawfull because I am sure they are short a moron by now.

My timeline on OP:

- Got 1 or 2 cpus mining litecoins
- Value of litecoins moved up even though it still wont take much to crash the price continously for the lulz
- He is now excited about his $4 in "profit"
- He wants to be a big playa now and thinks if he makes noise everywhere about bitcoin being bad he could push the litecoin price up.

I have news for you OP, litecoin will more likely than not take another crash dive real soon when the big dump comes-a-flying.
legendary
Activity: 1358
Merit: 1002
Stupid OP is stupid.
I was thinking to myself, why bitcoin and similar crypto-currencies seem to be so hidden in obscurity that nobody knows about it, apart from a small number of us here. I thought to myself, the media may not always portray things accurately, but in the internet age alot of websites have sections where you can post comments. I decided to try it out and posted to several news articles which were relevant to economics/business and put short messages about Bitcoin. I was wondering whether anyone thinks this is a good idea, and whether more of us should do this, after all we do all have a stake here if we own coins or are invested in the community here...

Let me know what you think and what your opinion is...
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
Another one of these threads. haven't seen one in a while.
You know what I have never seen? Someone willing to sell there coins to me cheap. If the sky is falling why won't you sell me some coins at $5? I can help you out before they are worthless. let me guess, your not willing to sell either. This is just a public service announcement because you care so much.  Roll Eyes
hero member
Activity: 518
Merit: 500
No. Just trying to get his post count up there so he can ask for that 1000 BTC loan again and hope some sucker gives him the coins.

I enjoy the idea that he thinks that anyone who'd be able to give him a 1000BTC loan wouldn't look at his previous posts.
legendary
Activity: 1358
Merit: 1002
Yes! Buy as much as you can! Not just BTC but alt currencies too...

Hacked again?

No. Just trying to get his post count up there so he can ask for that 1000 BTC loan again and hope some sucker gives him the coins.
legendary
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
Yes! Buy as much as you can! Not just BTC but alt currencies too...

Hacked account again?
hero member
Activity: 518
Merit: 500

The OP claimed that he wasn't promoting bitcoin, but someone found a post from earlier today where OP was saying that he wanted to start a "cryptowar" with BTC and promote LTC.

OP then claimed his account was hacked and the hacker posted the LTC post Cheesy

It's kinda funny that he used the word "cryptowar"...

Posting on the open, public forums of your "enemies" is hardly what I would call "crypto".


Well, we are clearly dealing with a mind of the highest caliber here.  We could but only dream of understanding his methods.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
I have thought about this question for a long time, is bitcoin actually viable. It began as a curiosity, I was wondering how could a currency be totally peer to peer, totally trust-less, and after discovering Bitcoin I couldn't possibly see how it worked. I think looked and realized it wasn't actually a currency, it was more of a commodity, However, the problems with bitcoin are immense. The main problem I see with bitcoin is reliability and trust. The community is fragmented, or non-existent while still trying to persuade itself that it still exists. The majority of people keeping the price where it is, are essentially in it to profit in either the short-medium term and I expect that they have little care for ensuring the market is stable, or that bitcoin grows. The software is difficult to use, and seems to be designed by the kind of people who dont understand the typical financial types that will use bitcoin on a regular basis. Copying and pasting bitcoin public keys all day, is not going to work with anyone, the software needs to be designed to be user-friendly and perhaps even integrated with spreadsheet or accounting software. Also, the project, community and general Eco-system is not organized or managed very well at all. I dont expect bitcoin to even survive 6 months, at least not if you expect the coins to be worth anything or to be traded in any substantial amounts. That is my analysis over the years that I have been involved with the project, and I am sorry to say, many of you are probably wasting your time. I hope things do go well, I am just not optimistic.

Can somebody please tell me how the author of the below now spews the above?

I am interested in possibly acquiring a bitcoin loan of about 1000 BTC. I would pay back monthly with bitcoins. I am a trusted member of the community, and am active on the forums and IRC. Would anyone offer me the loan, at how much interest and with what conditions attached?

He sure the hell was optimistic when he wanted to borrow some bitcoins.

~Bruno~


he got his loan sold it all (at 6.50), got tired of waiting for the price to drop.. so he posted this bs?
hero member
Activity: 546
Merit: 500

No no no, that was the guy who hacked his account! The OP would never, ever scam anyone! He is just interested in a real, honest, non-biased discussion on why BITCOIN IS DOOOOOOOOMED!

I never got pass the OP before I posted the above. I see now from the second post that everyone was on top of this. Not sure what you're in reference to, but I believe the answer lies somewhere else in this thread.

~Bruno~


The OP claimed that he wasn't promoting bitcoin, but someone found a post from earlier today where OP was saying that he wanted to start a "cryptowar" with BTC and promote LTC.

OP then claimed his account was hacked and the hacker posted the LTC post Cheesy

It's kinda funny that he used the word "cryptowar"...

Posting on the open, public forums of your "enemies" is hardly what I would call "crypto".
hero member
Activity: 518
Merit: 500

No no no, that was the guy who hacked his account! The OP would never, ever scam anyone! He is just interested in a real, honest, non-biased discussion on why BITCOIN IS DOOOOOOOOMED!

I never got pass the OP before I posted the above. I see now from the second post that everyone was on top of this. Not sure what you're in reference to, but I believe the answer lies somewhere else in this thread.

~Bruno~


The OP claimed that he wasn't promoting bitcoin, but someone found a post from earlier today where OP was saying that he wanted to start a "cryptowar" with BTC and promote LTC.

OP then claimed his account was hacked and the hacker posted the LTC post Cheesy
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