[WP]Only Flaw in Bitcoin Network is User Greed

btcbug

sr. member

Activity: 399

Merit: 250

Bullshit post right here Roll Eyes

The beauty of markets IS human "greed" as you call it. Why don't you stop whining about Bitcoin and set about to solve these "flaws"? Don't feed us the bullshit that you don't want to make money either. Solving the problems of others is exactly how you make make money to put a roof over your head. The more people you help, the more money will come your way. Simple.

As we speak there are thousands of startups working to make Bitcoin better for the end user. It wasn't a finished product when it was released and if you'd spent any time doing your homework you'd know this.

sniveling

sr. member

Activity: 719

Merit: 250

Quote from: Martijnvdc on December 14, 2014, 05:27:22 AM

Quote from: JimDowJones on December 14, 2014, 01:50:51 AM

1: Miners mine in giant pools to get the best reward rate

2: Traders, For the most part, are Dumb and prone to manipulation resulting in selling off coins with small price drops.

On a positive note, Satoshi will inevitably hail in the permanent revival of cryptography as a whole

TL:DR; It's kinda sad how beautiful ideas can die.

1: That makes perfect sense; but pools will prevent getting too big, because it would treaten the whole bitcoin network, and that's something they wouldn't ever want.
2: I don't see how bitcoin traders would be any more stupid than other traders. All traders in general are prone to manipulation, resulting in selling off coins with small price drops. It's a very typical scenario.

I'm sure the same thing happens on the stock market.

1Referee

legendary

Activity: 2170

Merit: 1427

Greed is in peoples nature, it affects every industry slowly.

Earth destruction is slowly taking steps forward, and why?..... GREED.

Martijnvdc

sr. member

Activity: 322

Merit: 250

Quote from: JimDowJones on December 14, 2014, 01:50:51 AM

1: Miners mine in giant pools to get the best reward rate

2: Traders, For the most part, are Dumb and prone to manipulation resulting in selling off coins with small price drops.

On a positive note, Satoshi will inevitably hail in the permanent revival of cryptography as a whole

TL:DR; It's kinda sad how beautiful ideas can die.

1: That makes perfect sense; but pools will prevent getting too big, because it would treaten the whole bitcoin network, and that's something they wouldn't ever want.
2: I don't see how bitcoin traders would be any more stupid than other traders. All traders in general are prone to manipulation, resulting in selling off coins with small price drops. It's a very typical scenario.

wadili89

legendary

Activity: 1106

Merit: 1000

Greed is the main driver in everything. Often it will be hidden behind grand ideals, but mostly its greed. Its nothing new and not specific to Bitcoin.

NUFCrichard

legendary

Activity: 1218

Merit: 1003

I think the biggest flaws are that no companies pass on the savings that come with using bitcoin (I want to see item costs $9.95 with visa, $9.49 with btcoin)
Also that we sit with our bitcoin in our wallets and never spend them, I mean, what is the price rises after I spend them?? Well it won't unless people start using bitcoin as it is supposed to be used!

fewcoins

full member

Activity: 126

Merit: 100

Quote from: Mervyn_Pumpkinhead on December 14, 2014, 02:23:35 AM

It's properties like pure PoW and fixed coin supply that foster this greed.

1) Bitcoin mining rewards those who waste resources the most.
2) Fixed coin supply makes bitcoin very attractive for speculation, so there is no point in expecting any kind of stability.

I think that the blockchain technology is great, but bitcoin the currency is crap.

This is why the blockchain technology will evolve into other products/services just like every other technology... If it didn't we would still have huge antennas on cell phones bigger than my face loll!

There are already plentyyy of startups using this to move real world assets. A bunch are coming out in 2015.

Let me explain something... In the stock market when major players are dumping and exiting it is because they know they can't go on too much longer! We are down over 70%!!!
OPEN YOUR EYES!!!!!!!

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

It's properties like pure PoW and fixed coin supply that foster this greed.

1) Bitcoin mining rewards those who waste resources the most.
2) Fixed coin supply makes bitcoin very attractive for speculation, so there is no point in expecting any kind of stability.

I think that the blockchain technology is great, but bitcoin the currency is crap.

fewcoins

full member

Activity: 126

Merit: 100

Correct bro & the markets help me short! Why would I borrow long side on margin when its .21% per day & I can get shorts for .08% ?!
Nobody has faith in your little fairy digital coins anymore... we are down over 70% people over your eyes!

On a positive note, one day those top 3 owners will dump & even if "satoshi" doesn't we will be right back to single digits.
I will still be counting this fat stack I just cashed out Friday from you idiots who want to keep buying lmfaooo

JimDowJones

newbie

Activity: 51

Merit: 0

1: Miners mine in giant pools to get the best reward rate

2: Traders, For the most part, are Dumb and prone to manipulation resulting in selling off coins with small price drops.

On a positive note, Satoshi will inevitably hail in the permanent revival of cryptography as a whole

TL:DR; It's kinda sad how beautiful ideas can die.

Topic: [WP]Only Flaw in Bitcoin Network is User Greed (Read 927 times)