Bitcoin Forum

For the last three years i have involved in Bitcoin community the mosth strange think that i never understand is why person that have grow from Bitcoin and that everything that do now is from bitcoin the turn against it and they spread fud for it.
Yesterday have read an article from international Business Times "Vitalik Buterin theorises about monetising an Ethereum browser, the price of Bitcoin and education in China". Was an interview from Vitalik Buterin a  bitcoin pioneer and now the ethereum genius or something like that.
The interview has dozens of fud from Vitalik to the Bitcoin.
I will arrange some of them..


first bitpay did not fire their employees for the bitcoin decline price but for their fault and loose of some thousand bitcoins with the case of the social engineering attack. This is the first lie in the article and is obvious to promote his project against bitcoin. What a hell?
And he continuous...


this is a big lie. We have see an extreme increase of using in countries like Argentina, Brazil and in developing world. In Greece that i live with capital controls Bitcoin is the only way for someone to continue to buy something from outside of this country. Bitcoin is going very well as payment system and every day more and more shops accept it. Why he lies about that and the most strange is why they want to hurt Bitcoin fro promotion of their projects?

clearly, you are missing the point. Obviously the public interest for bitcoin is going to decline, because the community fostered from the huge price pump has largely begun entering the despair phase. In order for Bitcoin to have a fresh group of new people come in, it will likely rely on Bitcoin and Blockchain to become more widely known, and at the same time, a price pump to bring back all the people who are optimistic for a good investment.

Everythng Buterin stated was fact not FUD.  But I get it.  English isn't your first language so you probably misinterpreted what he really meant to say.

gotta be cruel to be kind, sometimes no matter how painful one does have to accept reality. buterin comments are not FUD.

As is so often posted elsewhere, FUD = Facts U Dislike.

It's all easily verified with a few seconds of googling.

It's actually a mixture of facts and carefully worded fictions that are contrived to appear as if consequential to the presented facts.

So you're wrong about all of that, Buterin is selecting specific facts in order to attach sleights that he wishes to impress on his audience.

but the specific facts is illusion facts..The most of that facts is simple a lie.
We have 3600 new bitcoin in each 24 hours that means 877.300 dollar that get in bitcoin economy every day. And to keep the price in such high value you need someone to buy almost the half of them. I think the bitcoin economy and the bitcoin money system is very healthy.
Instead the ethereum token is a crap. How they expect to create value when in one month they have create 73 million token in their system? The only way is to spread fud about bitcoin  and to lure ppl to buy their Hyperinflation system.
I cant think how will be usefull their system with this heavy Hyperinflation

Usually the fudsters have an agenda of their own whereby if bitcoin fails, they will tend to gain everything that benefit themselves. But usually this type of news won't rattle my trust or anything. As long as I know bitcoin is fine, that is good for me. I'm sure the others will also know how to differentiate between a baseless claim with an actual one.

Buterin criticizes Bitcoin while gladly taking thousands of them to fund his Ethereum IPO, kinda ironic. Well guess what, your project is dead without Bitcoin. If Bitcoin doesn't make it, don't hope Ethereum will, so you better start helping it.
Bitcoin and Ethereum both have a place to exist and serve needed functions, so it's pointless trying to fight with each other, specially criticizing something like the price which is so manipulated. I mean Ethereum has been crashing nonstop too since the IPO so what is this guy talking about.

Lots of people, organisations etc have agendas & personal reasons to spread FUD & try to discredit bitcoin.
We just have to ignore it, if bitcoin does succeed then it will over come all of these haters any way.

of course it is a lie. you can look at any chart to see that. but he is promoting his thing and is heavily invested in it. no suprise.

He would be better of looking at his yard and taking care of it. Pissing away $18 millions of investors money and not even giving them a working wallet in 20 months of development.
Also dropping a bomb on his community that they will stay out of the money in about 6 months are all great accomplishments of Mr. Buterin.

I find it kind of hard to believe that he needs to criticize someone else when he really ought to criticize himself.

It is what it is (of course unless it it isnt). In this case it is.

and the only value that has their token is not from their blockchain system but because you can buy and sell bitcoins with them. Bitcoin give value to their token.

I think that Vitalik may have a point. Bitcoin companies grew beyond bitcoin, bitcoin companies/startups thought that bitcoin would soon replace credit cards as payment methods, and decided to build bitcoin companies. But bitcoin didn't grew as much as they thought it would.

Irrational expectations grew out of the $1000-bubble. Those investing above $500 are certainly in a state of depression and now question Bitcoin as a whole. Bitcoin is growing constantly, but it's not growing parabolic. If you ask me, the current depression is healthy to clean up the market for the next bubble... :D

Vitalik of course has his own agenda with ethereum, which competes with Bitcoin. So I would take his comments with a grain of salt. Although I think he is an intelligent engineer, I doubt that his project will have general success, because it lacks current demand and all investment gravitates towards the strongest coin. Bitcoin will implement ethereum features - if needed - at a later point as part of a sidechain...

ya.ya.yo!

Vitalik certainly has his own agenda with ethereum but I still believe that he has a point.

And holding them, which was clearly done because he thought they would go up in value!

I can understand some frustration and disappointment when the opposite happened.

However, I don't believe his views on Bitcoin started with the Ethereum IPO. I saw a video from a long time ago where he stated that Bitcoin's distribution was unfair because he missed out and couldn't get rich.

There are certainly some disappointments. The whole Bitpay business model of signing up merchants as a payment processor has been a bit of a dud for example.

Saying it hasn't grown is a bit crazy/FUD/agenda, in any way other than the price though. In terms of support from companies building on it, there has been tremendous growth, and the comment earlier in this thread about people using it for international transfers and payments is spot on. Bitcoin did not turn into the next Visa or Paypal overnight as some hoped, but it is finding its own path, and the growth is there.

Companies like bitpay, VC's and other startups overestimated the growth of bitcoin. I think that Bitpay is just ahead of bitcoin, and that is why it struggles.

I disagree about Bitpay specifically, but that's why they make chocolate and vanilla. Although I suppose you might reasonably say they are far ahead of Bitcoin, which is more or less the same thing I said. But I expect them to either do a hard pivot away from being a merchant payment processor or fail. Some of the other startups may have also overestimated growth in the shadow of the previous pump, but many are not as far off the mark as Bitpay's core business.
 
Anyway, I agree Vitalik's statements were either FUD/agenda (which I suspect anyway -- see my previous post) or quoted out of context. Either way they are misleading and largely incorrect.

And his coin's price is down 60% against Bitcoin.

You cannot possibly claim to be interested in protecting Bitcoin from attack.

You're interested in a different system to Bitcoin; you want Mike Hearn's GovCoin. Go protect that nonsense.

Really? you continue with this old song?

Your trolling is getting old, dumb fuck

Legend:

GREEN - True
RED - False
ORANGE - Questionable

First rule of investing is Don't get emotional about it. It clouds your judgement.  Why should we be in love with Bitcoin, the crypto industry, decentralization, all of the above, non of the above?  I think the broader perspective is positioning ourselves for what ever happens next. Maximize profits, minimize losses make wise choices.

Great chart!. Bitcoin is certainly growing. I am one of the persons who recently came in  ;D