Bitcoin Forum

It's time to face reality in 2017

Bitcoin is not the currency of the future

We need to stop listening to self-proclaimed experts and hack economists who say

Bitcoin will change the world

The Bitcoin experiment has finally been resolved. Everybody was wrong:

Bitcoin is dead.

Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought

‘Bitcoin is just an experiment.’

Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because

It’s still early days. Something better will come along and replace it.

People were wrong when they said

Bitcoin will bring reliable self-banking to the unbanked in third world countries.

Smart people understand that

Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens.

In order to fight terrorism, the government tracks everything you do online.

Personally, I’m tired of living in a world where

Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes.

It’s actually just a myth that

Bitcoin is good for the world.

That’s dead wrong.

You aren’t smart enough to use Bitcoin; it will never be adopted by the masses.

Economists like Paul Krugman keep saying

Bitcoin is evil.

I don’t believe that

Bitcoin can make the world a better place by empowering people.

All you can do with Bitcoin is buy drugs. And maybe a hitman.

It just isn’t true that

Bitcoin can be used for good as well as bad.

It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know

Bitcoin was born in sin.

Charlie Stross wants Bitcoin to die in a fire. He says

Bitcoin is evil.

I’m tired of hearing that

Bitcoin is actually close to mass adoption.

The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says

The experiment is over – Bitcoin has failed.

But wait – isn’t this all backwards?! Read the article in reverse: Only fools believe that

[Original article by Dr. Michael Moriarty published at http://darknetmarkets.com/time-face-reality-2017/ . Dr. Michael Moriarty is the owner of https://TorWallet.com and one of the largest Bitcoin holders in the world.]

Backwards:

But wait – isn’t this all backwards?! Read the article in reverse: Only fools believe that
The experiment is over – Bitcoin has failed.
The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says
Bitcoin is actually close to mass adoption.
I’m tired of hearing that
Bitcoin is evil.
Charlie Stross wants Bitcoin to die in a fire. He says
Bitcoin was born in sin.
It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know
Bitcoin can be used for good as well as bad.
It just isn’t true that
All you can do with Bitcoin is buy drugs. And maybe a hitman.
Bitcoin can make the world a better place by empowering people.
I don’t believe that
Bitcoin is evil.
Economists like Paul Krugman keep saying
You aren’t smart enough to use Bitcoin; it will never be adopted by the masses.
That’s dead wrong.
Bitcoin is good for the world.
It’s actually just a myth that
Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes.
Personally, I’m tired of living in a world where
In order to fight terrorism, the government tracks everything you do online.
Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens.
Smart people understand that
Bitcoin will bring reliable self-banking to the unbanked in third world countries.
People were wrong when they said
It’s still early days. Something better will come along and replace it.
Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because
‘Bitcoin is just an experiment.’
Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought
Bitcoin is dead.
The Bitcoin experiment has finally been resolved. Everybody was wrong:
Bitcoin will change the world
We need to stop listening to self-proclaimed experts and hack economists who say
Bitcoin is not the currency of the future
It's time to face reality in 2017


You're welcome.

I do not think like this. Bitcoin will still be a digital currency in the future but it will have many legal rules to control and now bitcoin has got many big communities behind it. It's not easy to be dead.

But wasn't this the very same rhetoric when it first came into being?
The nay sayers and the ones that said it will never be worth more than the fifty cents people were offering them per BTC.
That was 8 years ago and it has exploded from that initial market value. It is even rivaling gold's price just a week ago.
That has to account for something if not some praise instead of this disdain for it's existence.

Bitcoin I think will have a bright future,no matter what "experts" say.Bitcoin has resisted for years and is very popular among people.There are some price fluctuations around Bitcoin,but this doesn't mean that Bitcoin belongs to the past.

Bitcoin has large user base community supporting it to change the future with the currency that not been adopted implemented till now, because completely different technology, where we can empower nanotechnology as well foundation to future improvement in digital world. Even with fiat currency many people are buying drugs than why do government supporting to buy drugs with fiat currency. In every things there are chances to buy any form of things but some people will use it wisely and same people will destroy it that is difference.

That's an interesting way to look at it. I think most people here are optimists but a lot of big plans have come and gone in bitcoinland and a lot of bad shit and bad people are devoted to Bitcoin. How must that look to the rest of the world?

Take your proud Bitcoin Foundation lifetime member image for example. Are they even still around, I thought they were insolvent? I just bounced around their website and found a blog that hasn't been used in eight months. No one is posting in their forum. Their membership includes some of the biggest crooks in Bitcoin history and at least one child star pedophile. They were founded by the biggest crook in Bitcoin history (Karpeles), another big crook (Vessenes)  and a guy that just got out of jail for money laundering for an on-line drug marketplace (Schrem).

How is the world really expected to perceive Bitcoin when these worthless bastards are our best and brightest movers and shakers? WTF?

This reads like the early internet comments coming from people who fear change or something different than the norm. We are in the same early stages where the internet was, so we will see these kinds of comments from uniformed/scared people. The Internet of Money will survive, no matter what is said or done, because there are a network of people supporting it.

They invest money and build their business around it, so they need it to succeed.

Form all the statement above I think Bitcoin will bring reliable self-banking to the unbanked in third world countries there is alot of work to be done to actualise this, the transaction fee need to be look into serious and also the level of volatility need to be minimal.

the question that nobody asks people that say FUDs like this is that "what the fuck are you doing here or generally associated with bitcoin if you think it is that bad, dead, blah blah."
leave and let us be dead in peace :D

quite a lot of things that need to be addressed this year. there will probably be some bad news that will make bitcoin have a bad view in the community. Well, maybe they will say that bitcoin was evil, because bitcoin is used for illegal transactions. many other things that will make us worse, but, we need to believe is, we just need to believe bitcoin.

Its just like a journey one is embarking upon along the way, you meet several sets of people, some will be with you till the finish line, others will be dropped along the line with reasons best known to them and believing they are taking the right decison. The same thing happening to bitcoin those set of people have the knowledge and they are moving out but at the same time more and more millions are moving in to carry on.. In as much that I wont say they are wrong but I say let's all wait to the end to see who will be right...

Wow, that was magnificently made. It was nicely done as to picture out two images of bitcoin future. And that is correct, bitcoin has two potentials its either will conquer the world or just an experiment for the release of fiat digital currency. But I do like the reverse one that bitcoin may continue to exist and survive amidst threat and dangers that it has to overcome to be the worlds official cryptocurrency.

Well, if he was one of the biggest bitcoin holders in the world, why is he propagating a negative study about it and spreading negative rumors? If the prices plummet and never go back again then his bitcoins would be really cheap if not worthless. I don't get what his motives are, but it's really contradicting to his current state.

However its been described, those who have mentioned it an failed experiment have already got benefited from it. So one who trust and use it for good deeds never get tired of it as well won't go for an alternate solution. Even if its used for illegal purposes too, the percentage of users preferring it is very low as its in the early days of sustained growth which takes time to reach more population.

Only time will tell, but if you just do nothing then you are doomed. Bitcoin needs to improve. Not because we want a better Bitcoin, but because mass adoption is right now not possible with Bitcoin. It is like driving a car and telling everybody how much better it is then walking, but at the same time you have not enough seat and if everybody would jump on the car would break down and go nowhere. I believe that if something better comes along it will overtake Bitcoin. The advantage Bitcoin has right now is that not many people see the problems with Bitcoin and even less are willing (or have the ability) to look at alternatives and invest in them (besides some traders who just want to make a buck).   

That's a good illustration you gave about bitcoin being mass adopted. Indeed bitcoin needs it improve some more. But imposing such improvements will require a lot of effort because of how bitcoin was coded. There have been real great debates already from the leading developers, critics, and supporters of bitcoins about the chance they are cooking up to improve bitcoins but I think it will take time before we adopt an improvement.

Segregated Witness should solve the blocksize issue and mass adoption will occur shortly after that ..

You're right. The words "bitcoin bank" is now the order of the day in the crypto world. Well, looking at analysis from years back till today, the answer becomes clear. Bitcoin and all other altcoins in general are increasing in value and importance as we move on. Bitcoin banks might not be a bad idea, but it can not stand on its own. In as much as Bitcoin is decentralized, I'd say they are dependent. With time, things will fall into place, but no one should be in a hurry, so as not to crash land and eventually destroy what some people have worked for all through their lives.

Paul Krugman and Charlie Stross should be ashamed of themselves. One of the most absurd articles ive read is:
http://www.antipope.org/charlie/blog-static/2013/12/why-i-want-bitcoin-to-die-in-a.html

That's brilliant, very clever!!  I read it shaking my head until I got to the end and realised what was going on  :D. Go Bitcoin!!

Why though do I get the feeling that most people replying here don't know how to fucking read?  ::)

you gotta be able to read backwards .. sort of :-)

read backwards make sense for me.

A kind of a professor Moriarty message.  ;D

I always heard that thing before they said bitcoin will be dead soon and sooner or later bitcoin will be gone but until now many people are still believe and staying with bitcoin because they know that they are get benefits with bitcoin even we are heard bitcoin use for illegal activities buying drugs hiring a killer for bitcoin. now because of adoption and more merchant are accepting bitcoin we are spreading and more people are using bitcoin..
I think even it is just an experiment before they are now getting benefited. The reality bitcoin will be live long.

Bitcoin won't end and those who believe will write stupid articles to put down the popularity of Bitcoin, not talking about op but it's brilliantly put lol,  but about so many guys who think they can harm btc rep by saying anything. Btc is and always be the no 1.the past few months have seen so many people join the Bitcoin wagon. It's simply the best, all it needs is one big Country to officially adopt it. Waiting for that to happen.

That was an interesting read.Especially backwards of course. :)
Great piece of work.Kudos to the writer.
But does anybody here know who this guy is? I have never heard of an Dr. Micheal Moriarty before.
Is there any link, story why this person should be one of the largest Bitcoin holders and why I should pay him some attention?  

Bitcoin itself may not have a mass adoption, but the concept of cryptocurrency is going to succeed at some point.  The main issue, as I have stated before, is that the value has too great of a fluctuation to see adoption on the currency level.  At the current price rise and fall rate, a normal person cannot be sure whether their paycheck(paid in Bitcoin) will buy groceries for a week or pay the car payment.  A rise and drop over a month from $600 t0 $1000 is too much for the everyday person to deal with. 

If the average Joe makes $500 per week and that pays the bills, the above changes would mean that week 1 would be normal, but if they were saving some of that for later in the month, that first weeks paycheck became $900 two weeks later.  However, if someone in week 3 held a paycheck for the end of the month, in week 4 their $500 becomes around $350.

People need a stable price structure for a crypto.  So far, no one has been able to develop that.  Hell, if our average Joe from above worked for a small company that had 10 equal employees, and that company was paying people with revenue from December, then that would be a real mess.  $5000 per week of payroll on Dec 1 was around 8.3 BTC, now it is 5.5.  The company and everyone would have been rolling in happyville a week ago, or even two weeks ago, now they are starting to see the other side of the "coin".

The best option, in my opinion, and I have not followed the thought process through too much, would have to be a colored coin or a secondary chain of some kind.  Using that side chain to pad the prices changes in the main blockchain would work, but now you are looking at some sort of management team that rules over the side chain.  It could be programmed into the coin, but again, someone has to decide the structure.  Perhaps a 30% price change in the main chain overnight could be spread over the side chain over a week or something, but this gives the side chain a finite, predictable price that can be taken advantage of.

Right now, a change in the value of a countries currency is not seen directly in price changes locally too much.  Unless merchants are willing to have a fluctuating price on every item in their store, then another solution has to be created.

Hahaha, you got me!
When started reading I was like ... what?

That's awesome, and a great way to test if people actually read your post :D

I did check the link of the article, and a grand part of the articles are written by him

bitcoin will be more stable in this year because bitcoin price rise to high value in 2017 and bitcoin reached its price to $900+ and i hope in few week bitcoin price rise to $1000 so i am sure bitcoin will be more advance in this year and i am sure bitcoin will be survive forever .

actually I ever think about it too. bitcoin market cap is not as much as fiat market cap. it means that we cannot make it currency for all people around the globe. I am not an economic expert, but it is clearly seen. however, probably there are another way out.

Yeah It got me too LOL.  I was all rebellious while reading the first lines of OP until I read the back ward and were cleared by the 1st reply  :D.  It really was an interesting article.  And made me laugh at my self on my first reaction lol.



Because they need to meet the qupta LOL.  People here knows to reply first than to read which is kinda hard in my part LOL.

Interesting read, but too extreme. The reality is probably that BTC won't change much in 2017. You just need to look at the daily number of transactions to get the idea. Apple pay enjoys must faster growth, and support.

I'm afraid BTC has stalled. SegWit may change that someday, but when? Too many people are against it.

Why people keep comparing services like paypal and apple pay (centralized) with bitcoin (decentralized)??

What's so hard to understand about the fact that running a decentralized business like bitcoin is insanely way more resource consuming than apple pay or paypal? you just can't compare those and complain about how bitcoin doesnt grow at the same rate... get real.

What do you mean 'segwit has stalled' ?

That's not my understanding at all .. seems like SegWit will be rolled out very soon. Just a few technical hurdles to overcome

When more innovation is introduced more problems come until their solved... In contrast it'll always get more fun having more, but holding onto true worth pushes opportunity to newfound heights.

To be honest one year can make or break any effort to putting energy into work, this year has to mean the most.

I was definitely a little surprised when I was reading this. But the second poster obviously saw what you were doing when it went way over my head. Very nicely put :)

Despite being a new adopter I'm still hoping for the better future for bitcoin. Sure, we can't really get rid of the crooks and criminals but more people are using it now, more businesses are accepting it, banks are buying it. Might take a while to reach there but as more people learn about it (especially after the rally) they'd realize it's not just so goods or whatever some computer nerds are trading online. They'd see it as a store of value, a means of exchange, basically nothing really much different than the money they are using. Money that the governments they don't trust will have a hard time manipulating. Freedom!


OK I went a bit overboard there. But really, I want it to succeed. I haven't even invested money into this yet but I want this project to succeed.

How tho? it seems like it's stuck to me:

http://bitcoin.sipa.be/versions.html

We are going back to 25%... looks like Litecoin will have segwit before Bitcoin will. Sad to see. The miners that aren't signaling for segwit right now should be ashamed of themselves. Fucking retards don't know shit about bitcoin, they thing they are a big deal just because they got in the mining game early and stacked up mining farms. I despise the miners.

uh really, from perspective bitcoin is a good step up of currency. yeah I KNOW there are so many problems with bitcoin, but all the stakeholders have to do is making like a big improvement, like increase the efficiency of this currency, i don't think they will give up with this,and look bitcoin has grown up. And we as the users, should work as usual .. i cannot see there is a big down from bitcoin, which i see a step up

Likely they know how to read but didn't read the whole post to the end. To be fair the style is very jumpy, which isn't appealing at all (now I know that its being jumpy is a means to an end and not a proof of the poor written style of OP, but still that's what it looks like all the way through the post until you reach the end and understand the kicker).

So many think we've been overly bullish about bitcoin's potential; but the truth is we've been stone-cold bears.

https://puu.sh/tldzX/8317d6de40.png

Is that The Greg Matthews, current Secretary of the US Treasury and controller of the reserve currency for the free world? He should know.

Some people do not understand that slow and steady growth is much more important than a rapid and unstable price increase, that has a high risk of crash.
Bitcoin still has the potential to reach higher values this year, but I think this will happen more gradually. Many people are still discovering Bitcoin, and once they understand the importance of this, they will certainly invest.

If that was right then we would never have left the gold...
Gold is the only point of reference with a steady growth of 1%. No more, no less.
And the world is going shit since we lost it...

I don't know why there are people who still keeping to tell "bitcoin is dead'. In the case of dead the price would be 0. And while the price is on such high level there is no reason to scare people of bitcoin's death.

i dont think i'll be able to believr that. we all have seen how bitcoin's price changed over the years. and im pretty sure it will just continue to increase since nowadays more people are getting involve in bitcoining. more people are now aware about bitcoin. and through this more people will adopt and try bitcoin. all we just have to do now is to have more patience and store our coins. for in a couple of years, the price might double or triple. no one knows. lets just be positive.

Im sorry to say sir or mam but you are wrong with your theory about bitcoin. If ever you dont know bitcoin has large amount of users and many community and forums like this supports the currency if ever bitcoin reaches a low value the Creator of bitcoin will once again makes it's comeback to save it. Long live Bitcoin !

There are always people who do not believe in Bitcoin every year so that i am not surprised after reading the article. In general, we can never know what will happen to our future. All the predictions are just predictions. All we have right now is the beliefs. aIf you love Bitcoin, keep holding and believe that its prices will increase. If not, convert all Bitcoin to Fiat. Maybe fiat can make you rich in the future

Maybe try to read the whole thing champ. Also, who's to say satoshi isn't dead? Why else would he leave and never come back? It's time to face reality... Bitcoins are going to be mainstream in 10 years.

i dont share that thought, i believe in bitcoin, and future with it, so i am going face reality with that in mind, that bitcoin is going to change a lot of things in world economy

I will just quote this one because it says it all. We are not really looking for just a 5 year contract here. We are looking for a more brighter future after that. I guess they are just in a hurry and want to get rich so suddenly. It takes patience and adoption is a process not with a snap of a finger.

Bitcoin is the currency of the future, possibly can not replace fiat, but it will play the role as the gold in cyberspace. So with more services accept bitcoin, bitcoin will increase in value in 2017.

The reality that today starts bitcoin to just even rise to its highest price, still unpredictable but i can see to it its a good year from those who give hardwork and undying hold to use and support of continuing progress the use of bitcoin possibly in everything that goes round around the world in terms of using bitcoins instead of fiat.

That is a long list how long did it take you to come up with it. Make a list about solutions next time.

At this point nothing can stop bitcoin form continuing to grow. Bitcoin my not be perfect but people need it and other people are addicted to it. Bitocin is not going to stop or die.

I will go with these statements of yours

# Bitcoin will change the world

It's time to face reality in 2017

Bitcoin is good for the world.

Bitcoin can be used for good as well as bad.

Bitcoin is actually close to mass adoption.

...

I think this because my eyes saw the price of Bitcoins 1000$  :o

Lol...

Your wallet and yourself is the bank..  -_-

Bitcoin is the future and this whole article is just nonesense talk with not fact to back it up and barely anything intelligent to say. Who the hell cares what he says or she says ? Let them believe what they want. If you dont believe in bitcoin you should be here. Losing believe is like giving up.

You need to read the article first before judging, the last part is But wait – isn’t this all backwards?! Read the article in reverse: Only fools believe that

Did you read it all backwards? bitcoin movements is not predictable. We don't know when it will be dead. Just like Jesus coming to earth, we don't know when. So let's enjoy bitcoin while it is existing. You don't need to panic, enjoy your bitcoin while it is existing, spend some of it of your daily needs, Invest it, bank it up (exchange to your local currency and store it in the bank), and trade it.

Everyone is entitled to their opinion, but not all should be taken seriously. If there's a new currency bound to replace bitcoin, I just hope it is for the good of the users. Or if not, I hope the developers still find ways to make bitcoin more of the currency that is full of potential to be THE currency, and not just another run-of-the-mill currency. The future is full of uncertainties, and we are in the digital age, so anything can really happen.

If at some point there is an altcoin that replaces bitcoin then it would need to be a lot better than bitcoin in order to displace it out of the top spot that it currently has, it will need to be faster, anonymous, with a more stable price and more.

The key point here is that it must be able to meet transaction demand and that means an adaptive blocksize limit and long term security for the coin. Bitcoin in its current implementation fails this test and proposals such as Segwit and Lightning Network are at best a one time scaling.

There will be no alternative coins that will replace bitcoin. Even though that coins exceed the price of bitcoin it will still not replace it. But if there are digital currency that will possibly replace bitcoin it will be the fiat digital currency that the banks will release. Digital currency own by the banks will have fast adoption if it will be implemented and bitcoin will have problem if it will not reach enough users.

Well, for me it is like a discussion, and no one give any proof about the future that Why bitcoin die?
Everyone die tomorrow but we are still doing struggle to make our life easy. So if anyone said that bitcoin would be die in future, So don't take tension, because when bitcoin was not in this world but still we are live and live a happy life, And also in future we will be live with or without bitcoin.
But the point is that, than why bitcoin is going to high? and not a few, even many people making a money from it, and everyday bitcoin's users number is increasing. So i don't think that bitcoin suddenly die, it live long in future.

Who said bitcoin is not the future? It is the future, except that it will not replace fiat due to that there are limited amount. Bitcoin is the cybergold, which will always keep and potentially increase in value.

If bitcoin is the future then it will definitely dominate fiat, like making people forgetting to use fiats for their daily needs. It means when everything will be available for bitcoin payments, fiats will get obsoleted.

The reality we are going to face in 2017 would be realizing the true value of bitcoins according to its demand and potential. I foresee $10,000 for this  :)

i agree with this, as long as internet still available in every where, then bitcoin will be the cybergold in internet, like gold as investment in offline life. bitcoin itself has a good future and it will be a digital currency like todays, and we can use bitcoin to buy something. bitcoin is like a knife, only us that will determine what we want to use with our bitcoin.

I heard about Bitcoin and starting mining it a couple days later.  at that time it was $5-$7 = 1 Bitcoin.  Mining back then was a blast and a great hobby.  Especially if you were a pc gamer.  Sorry to all you data center miners out there but Bitcoin was so much better back in the hobby days.  I swear if it were still in the hands of the home miners it would be more popular.  I remember back in the day deleting wallets with 8, 10 bitcoins because I thought they were worthless.

Just wasn't about greed back then.  It's weird that bitcoin hit it's peak around the same time 2 years in a row.....

We need bitcoin in the hands of the common...not the rich.

It was actually pretty amusing to read it first time and then convincing when I read it backwards.

Thanks for this.

isn't it Michael Moriarty who stole BTC from RJ?

OP is a legendary and promotes Bitcoin wallet and yet he doesn't believe Bitcoin is the currency of the future. Its something you won't expect from someone who uses BTC for almost 3 years assuming this legendary account is originally used from newbie to legendary.


Not necessarily that it would dominate fiat as its meant to be used online.

We have our own different thoughts on
what will happen in bitcoin in the future.
But for me, I think bitcoin will have a great
success in the future.

It is like everything is just against bitcoin nothing good came out of there. Just like you said it is backwards. Thr success of bitcoin now getting back to its real price like just last week ago can be seen it is not imaginary. It came down but still it is making its way up.
I dont know if this is some kind of a strategy or just making bitcoin fall for their own coins to take over.

I really don't understand why this statement being posted here in this forum, For what I know to face the reality in 2017 is that bitcoin will continue to progress for what people believing it. Even there's lot of critics out there in Bitcoin the community will still support bitcoin, because of its very unique system to everyone all around the world.

Yes bitcoin is an experiment, but I think this experiment is gone right until now. Why it's right? When 1 millions peoples use some services, and continues day by day, I think it called success.

Each and every things have bad and good things. Actually its depends on human's mind and concept. All digital currency have good and bad things.

I think bitcoin will be great for future, but it's need
more time to make this cryptocurrency replaced fiat money.

this is not the first and it will certainly not going to be the last of these types of comments on this forum. bitcoin is not perfect and we all know that, but nothing is perfect. but the good thing is that bitcoin is a lot better than any other similar substitute.
and speaking like OP is not going to solve anything, it is just annoying and has no other effect !

I think that Bitcoin will definitely become the future of currency, but I just don't think that it is going to happen in 2017. Bitcoin is slowly getting accepted by more and more shops which is definitely a step in the right direction. Hopefully it continues this way.

I dont think it will be easily implemented as many third world country dont have internet connection and probably if they dont have a bank account I dont think they would know about bitcoin so it will not be implemented easily but lets hope that time will come and hopefully no one is ignorant about technology anymore.

Agreed Bitcoin is an experiment, but the experiment has been a success so far, the media have the tool to disseminate information but they always feed the public with propaganda, what will surprise you is that the person reporting on Bitcoin doesn't understand what BTC is truly is, Bitcoin is now a threat that is why European Union is taking Bitcoin serious now.

Well, we really dont know the reality yet but as far as i am dnjoying using bitcoin then i would still surely be using it. Yes this is the reality that i am having good things om bitcoin. Reversed psychology says :D

FUCK this is just fucking awesome it gives me goose bumps when I read it backward so awesome,
At firs I was like what the fuck do I have to quit on bitcoin right now is it really going to die and then I saw note that the article should be read backward.

I did not say it was going to happen, that is why I put an if there, it was a supposition, I like bitcoin and I would like bitcoin to be the flagship crypto currency, because that will prove the concept is workable and can last for a long time.

Yes, BTC has many enemies because they are greedy and want to steal the people to give money to EU maharajahs and another greedy leaders and chiefs. They use the corrupt media the same way they use it to denigrate the USA president Donald Trump. The difference is that about BTC they don't talk about it 24 hours daily, but anyone or anything which represent danger to globalization thieves will be denigrate by them.

Wise men says "Better an open enemy than a false friends like  Andressen and Hearn and Roger Ver

in the world everything is used the way it is used by the user, when a goodman is the head of a particular thing, that things is used in a good manner, but when everybody have an access to it then the wrong hands comes in and cannot be prohibited, there is always difference in every human,

( Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes.)
because they are also humans

That's right, In my opinion a bitcoin will still be there in the future with the great price.
and hopefully all the countries taking part to use it as a means of payment. I am very hope that.  ;)

yes bitcoin popularity is increasing day by day. hope it will continue for ever, a time will come when all the people of the world will start using bitcoin in their local markets.

the fact is if bitcoin doesn't upgrade/hard fork

it will fail

anyone see bitcoin from a different perspective, and I believe that bitcoin still has a future with the increase of the transaction showed that further increase the popularity of bitcoin. although the state does not accept bitcoin as legal payment but there are stores that accept bitcoin

That's a nice passage in there, but sometimes we need to face the reality that sometimes we have to face the music that no matter how optimistic we are on a certain thing, still not everything goes what we intend it to be. In the case of bitcoin, there are many fuck ups that already happened that is hard to buy back but we are still looking forward on having everything on the positive side.

Bitcoin is now slowly being accepted by countries like Philippines, Nigeria , Japan and others. Of course this acceptance will be followed by some legal conditions and policies so that illicit activities will not occur especially money laundering that will destroy the economic condition of a certain country. This rules and regulations including agency monitoring how bitcoin is used is a good sign that bitcoin is near the mainstream and those policies will protect us from scammers and hackers that are planning to take away our btc.

You are correct. I heard news this morning that some banks began accepting bitcoins. And no bitcoin will thrive in the future. It will thrive with digitalized fiat currency.

Its the true growth that's continuing with small ups and downs. Several analysts have said that the price this time could go higher or lower based on the support it gets from the technology developers. Also its mentioned, country which regulate bitcoin officially in the country is gonna serve as the financial centre for the fintech services which in a short boosts the country's economy.

Many people have already said this thing, that bitcoin is dead, bitcoin is not the future and other negative feedback about it, but bitcoin still exist today, alive and kicking other Altcoins butts who tries to overcome its superiority amongst them. It is easy for anyone, here in this forum or maybe outside on this forum making an article for us to believe this ridiculous news about bitcoin, this kind of topic have already been here so many times, and instead of spreading this kind of news about bitcoin, why not just keep on supporting it since we are all getting benefited by it.

Let's just stop this nonsense, we don't know what will going to happen to bitcoin in the future, we just need to sit back and wait what will happen to bitcoin in the future, that is all we can do, because predictions are just predictions, it can change anytime.

I think that having healthy skepticism is a good thing. Complacency should be avoided at all cost and I'm continually amazed at all of the development I see taking place in this space every day. That being said, you are definitely not the first and I'm sure you won't be the last person who claims that Bitcoin is doomed. Only time will tell!  ;D

Love this (read it backwards or cheat and scroll-down)



BACKWARDS

one of my favorite posts of all time.

Same as you. First I would like to extend my compliment to OP because of his job well done post.

In this thread you can see how people perceive Bitcoin. Two people that which the other is optimist while the other is pessimist but I'll speak as a neutral one. It is true that probably Bitcoin can be replaced and die that is if there is much better coin that will came up but unfortunately there is none and with the possibility that there might be a coin who can do this in the future then let us not neglect the fact that there might be none.

The thing is, the Bitcoin has shown developments and will continue to grow and there is no sign that it will somehow die but if it comes to that point then we will surely know and feel it years before it will happen. For now and to the next years, Bitcoin would continue to flourish as countries have opened the idea to also accept Bitcoin like Japan did and Australia who will do it next month.

I would say that the 'experiment' is a success and it truly helps a lot of people to attain financial stability.

You're totally wrong. The bitcoin is not dead and the bitcoin will never die. Bitcoin is not devil that you said. Bitcoin is a great opportunity for us to earn and it is like an angel not a devil.

This year, bitcoin really grows very fast, and I hope it will always happen every year. Well, the popularity of bitcoin suddenly increases rapidly, I think for the next year it will be easier. Expect a bigger surprise by 2018.

Yes it had a bright that almost all of us see. Because its slowly growing. Many people in this time try to spread bitcoin to other people and it is effective because number of users is getting higher.

Well it shows different opinions of people about  bitcoin.But i think most of them were said to make new investors panic and sell their bitcoins at cheaper price.Most of such quotes had already made many investors panic.But things have changed more now.People have almost realized what bitcoin is.Time to face reality in 2017 and the reality is Bitcoin is unstoppable.

It is too much immature even more immature than the status of your account. If a newbie talks in such a way is tolerable but when a person like you talks such it is highly disappointing.
Anyway if you are interested in purchasing the Bitcoin there are number of exchanges for this service, you can avail but I don’t think you are sound enough to do so.

Judging from the replies that came after, I think people are posting in this forum and not really reading at all. Is the above too tough to understand even after spelling out the BACKWARDS part?

I don't wanna see bitcoin in hell. It was not true! I believe in bitcoin, I know it will be more powerful in the coming years. Bitcoin is not a failure as what you've mentioned above. It is a successful creation of the bright people. Bitcoin can be used in bad and good. People are responsible for their bitcoin. Hopefully, this is an only speculation and not will happen in the near future or either today.

With bitcoin on the rise, everyone seems to have an opinion on where it should go, how it should be, and why it is the biggest bubble in our lifetime. I think it is all good for bitcoin since more people are becoming aware and they can find out for themselves if bitcoin is worth the price, and if it is something that they would want to use on a daily basis.

since this is the reality that the Bitcoin was an experiment not was made for the purpose of payment , but this is also a reality that in the current time we can't do our online deals without Bitcoin because now we have the habit to work with the Bitcoin and save lot of the tax and lot of the fee system ( like fiat to PayPal doller or doller to fiat ) .
So even all the factors you are saying are true may be , but still the Bitcoin is getting into improvement with the new hardfork system and I don't think that it will get destroy in the future because the main reason behind the stability for this is its technology  that making it different from everyone .
So here in my opinion instead to get tension about this for the future , you should use it in perfect way so that in the future don't get parden due to less use of Bitcoin .

You guys read it the backwards way right? Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

Even if there were regulations which made it harder to use Bitcoin, we would not stop and it would continue to live on. All we need is internet and a connection. Wallets can be connected over the TOR network to bypass government blocks (they already are - checkout Monero and DeepOnion!).

Many things happened this year but bitcoin still survives. And most recently ICOs being banned in China, I think this will have an effect on Bitcoin too but it cannot kill it.

Magnificent post. It is like a massive word palindrome. Truly beautiful. I wish I wrote it. lmao!

Anyways, aside from this being one of my favorite posts I would also say we will look back on this in a few years and realize not only how wrong the detractors were, but they were not even CLOSE to reality. I am talking about after Bitcoin reaches $1,000,000+, that is. :P

No no no i don't agree with this poem or whatever it is.
Bitcoin will keep on living because the "fanbase" is so big that it will actually just become better and better..(I just hope it becomes worse for 1 year so i can buy )
And bitcoin CAN be used for good.
and will be used by many.
Its the same with all currencies. They will be used for both bad and good.
and Bitcoin is like that too.
Will be used for bad and will be used for Good.
I hate when i see people being so  "narrow minded" (about the poem). well of course  there will be other currencies too but  if BTC fails it will be in 10 years i guess++

I think many people missunderstood the point of this post, hah. Atleast they have the right intentions and we'll here for the incoming and inevitable changes about to happen ;)

Yeah, bitcoin is still money, the only difference is that bitcoin is a digital currency, but it is still money, you can use it to buy stuff, pay bills, send money, etc.
And bitcoin can not be judged because of those people who use it to do bad things, such as buying drugs, alcohol, and many other stuff, because those people did it before but paying with anyother currencies.
So yes, i hope bitcoin can go down for a bit so we can buy more, but i dont think that it is gonna happen, bitcoin is here to stay, so i dont expect that.

People here answering the thread itself the wrong way. Guys have you ever read the 1st and 2nd post of the thread? Try to read it backwards and you'll understand whats good about facing the reality on 2017.Its because they arent reading the whole thing. But if they'll read it most of them will be posting their good feeling.

I wonder how this text would look like 10years from now, heheh... Can BTC keep growing and take a big global marketshare? Imo, yes...

I dont agree with it
Bitcoin still have all changes to be the currency of future

Not over yet, we still have 1/3 to go. Anyway, I'm willing to bet anyone that it's still going to be here by the end of the year and far from the lows of last year.

If we look at the curve of technology there are so many similarities. Bitcoin is acting exactly like all other game changing technologies. It started very slow for the first 3 years and then it boomed and kept multiplying its value. If you bought Bitcoin 2 years ago you've earned $4000 on each coin, that's an insane profit and whoever is saying it's not doing great is simply in denial.

Well, I think all of what you just said in this topic was only your speculations. Like bitcoin is evil, bitcoin is dead, due to look what's the value of bitcoin now. Is this the kind of dead you are talking about were more investors and users are both increasing.

You guys read it the backwards way right? Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

Just a reminder to newbies:
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Efforts by any country's central bank or government to regulate bitcoin will accelerate that country's demise of fiat value. These costs of such attempts and many other costs are absorbed by monetary inflation - making fiat even more worthless over time. Fiat system has been broken for decades. Bitcoin however had reached escape velocity globally 4-years ago in 2013 thus will continue to rise & be adopted as it is the only escape from financial slavery and an opt-out of war-making, slave-labor producing central bank regimes.

Fiat around the world is heavily infested, broken and burdened by:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-false claims and insurance losses
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)

Bitcoin, systemically, is free from these burdens.[/b]

it is no longer denied that bitcoin prices are getting crazy in every year
and this is one of the biggest benefits for investors
not just two years ago,
if we buy a lot of bitcoin in this year too, it is not impossible for the next few years bitcoin will multiply it to 3 or even 4 times from now
and it is very revealing if it really happened

Exactly, we must have to look forward and think positive in the future. I know there still a lot of challenge that may occur in bitcoin world, but I believe that bitcoin could still face it and take the challenge.Still bitcoin would hit in the market and I know their is a twist and surprises in price before the year end.

in the meanwhile we still doing what we always have done 'flicking crypto switches' 

Meaning?