Bitcoin Forum

Stay away from bitcoin — it’s complete garbage

http://www.marketwatch.com/story/stay-away-from-bitcoin-its-complete-garbage-2017-06-15

a very pre 2013 article but i think he's right about the nearly pure speculation angle. utility and fundamentals have alot of catching up to do.

This isn't a bad article, per say, they do have some things lacking but for the most part I think that this is actually pretty cool article which does touch on a lot of the issues that I've been seeing with Bitcoin over the past while. I think he does miss a lot of other uses for Bitcoin, since he claims that Bitcoin is used primarily for gambling and money laundering, and I know from experience that I do other things with Bitcoin, but he does make some valid points.

the article's whiny and utterly frustrated undertone, seems to me like Hitler wrote it

nice junk! thanks for sharing!

Bitcoin is not a garbage I am totally disagree with the author of that article.
bitcoin for me is money or extra income.

No worries. This article is under the category "Opinion". Nothing more nothing less.

What the fuck is this kind of critique lmao?

This is just ad hominem attacks and then you compare the author to Hitler like a moron, just because it hurts your fee-fees and you don't like seeing someone write something that isn't in alignment with your beliefs doesn't justify calling them Hitler for fuck's sake. You sound like a bitching liberal from the last year.

God this shit is why I haven't been able to stand this forum for the past three months. I just constantly see stupid shit like this and it irritates me because there are people with room-temperature IQs showing up and just making some of the most retarded posts I've seen on this forum.

God damn we might as well just start calling everything Hitler eh?

That's a lot of swearing in your signature spam. To me it's a compliment comparing the article with something Hitler could have wrote. A great compliment. So you are a man who has no idea, at all. Congrats!

If you have an issue with this forum in general or other people's comments in particular: just leave or su ;)

>Everyone with a signature is signature spamming

Mmhmm. If I was spamming I would not be taking the time to write something like this as it is much more efficient to simply leave a very off-handed comment on something and then move on to the next thread instead of actually being involved with a discussion. However, again, all you have are ad hominem attacks, much out of a liberal playbook.

Most people would not equate Hitler's writing in a positive context, especially considering the comments that you had left beforehand in the same post. Implying that I am a man who has no idea at all because you're all over the place with your logic, and apparently out of touch with expected relationships with what you are writing, is, again, an ad hominem attack. Because there is a lack of an argument.

And I'm free to disagree and complain about others' posts, as this forum allows for free speech (mostly) and if I want to call someone out I can, and you can equally write a rebuttal in the same manner. Like how it should be.

The article has a point. But I think as soon Bitcoin progresses and achieves the ultimate mainstream media attention, the purpose of Bitcoin will be further enlightened. Shops and store will begin to accept Bitcoin. But it all depends on the future.

I dont beleive on this maybe try not to believed on not a verified blog hes trying to make traffic to earn with his ads  nowadays lots of haox news are every way forus to get panic and sell everything we got everything happens for a reason maybe the reason why bitcoin is falling to get others chance to buy it and then holdit for long soon it will be back to normal demand and the volume it self.s

Hey, I'll take some complete junk worth over $2k any day.. if you would like to be free of your junk feel free to offload it on the address in my profile while I spam my unpaid sig..

I still manage to write on topic and contribute to a discussion as opposed to just replying to the OP, however that's something that I'm not going to bother commenting further on since because I have a signature your entire argument will revolve around the mere presence of it and not that I'm actually waiting for comments to said posts. However, I have no reason to justify anything to you and it doesn't matter to me.

And yes, you're allowed to compare whatever you want to whoever you want, and I'm allowed to say it's retarded. You can respond. Just like how it should be. I have no issue with a system like this, not sure why you would either.

It does, this article does appear to be a little on the side of no-coiners in general (and some of the anger of not getting their hands on some of that value) and there's a lot of potential growth for Bitcoin in the actual retail scene of the global economy, assuming that retailers are willing to accept it. Any specific industries you'd like to see growth in, considering we have a significant game retailing and software-retailing platforms (Steam and Microsoft) accepting Bitcoin?

Article is 5 years too late.
Looks like the author has no clue about what he is writing.

Since article was 5 years old, I would not say Bitcoin is a complete Garbage now because there are lot of people now that change their lifestyle because of Bitcoin including me. This is a prove that Bitcoin is very innovative, bitcoin 5 years had a lot of changes from Bitcoin today.

Opinion: Stay away from bitcoin — it’s complete garbage

Published: June 15, 2017 5:25 p.m. ET

don't read too much into it, he just copy pasted the "idea" of last comment above him. and that is saying this stupid mentality of the article belongs to 2012ish. no idiot these days thinks that way. but many pretend they do to push an agenda.

and it is actually funny that the article was published on 15th after the big drop not lets say a week ago when price was rising... hmmm. makes you think doesn't it!

He did not take the dark markets into consideration. That is where almost all the commerce using Bitcoin is happening. Maybe he needs to put in more research before making strong statements.

The black and gray markets are huge and Bitcoin has only started to scratch the surface.

bitcoin may have its flaws but if not for bitcoin, this place would not exist... 8)

"None of the defenders’ other arguments stack up."   ???

There was no points in that article except a little note commenting that the price fell.

Yap and many people or business structures was helped by btc. Mostly financially. There are some issues that just occured just when btc was starting to be recognized around the world. It may have its own downfall but it is not a garbage. Depends on the users on how they would use it and if a user was a victim of a scam than that is his own lesson to learn. Many people have become dependent just in btc alone. Others are full time here or even a sideline job but it is definitely worth it.

What's the need of giving it a consideration, when different people have different reasons for using it as well varied speculative approach. It's just his compilation, that it's the one that gets used over the gamblingand money laundering. Making something reach such a big capital market is not that easy. The techie has appreciated the blockchain technology, and so one of the success story based on that is bitcoin.

Article is not bad and also not saying wrong anything but still in the article we are seeing that only negative things are written and nothing is about positive views.
If any newbie who wants to enter in the Bitcoin field will surely exit it before to enter in because he will see that nothing is good .
So I think the author of this post should edit this and also mention the advantages of the Bitcoin .
Because beside all types of bad things like gambling , money laundering and use of Bitcoin for bad things deals in drungs , we have some better options  like , Bitcoin is solution of black money also , we can send worldwide money with more charge , we have security more than bank money , it can't be destroyed by anyone .And also cloning for this type of money is impossible​ and we are only the owner of our money , there is no one between the sender and receiver of the money so 100% safety with our money .

I like this point

Bitcoin market dominance have decreased significantly over the last few months this is due to new money flowing towards other alts like to ETH. However I don't think Bitcoin will ever loss its charm because it is still the most secure and strong crypto out there. Support for BTC is really massive so that price can't get bigger dump. Competitors might share total crypto marketcap.

it sounds like one of those angry early adopter that lost his coin and now he is angry against bitcoin because of his fault, the article is garbage not bitcoin, nothing to see here

now there is also this trend of competition from ETH bagholder, which will fight against bitcoin, to make you believe ETH is better, and trick you to buy their scam

I totally don't agree with the article, bitcoin has helped so many people from economic devastations and it has helped so many people to send and received money globally and it is good to have competition from all sides, it will be a healthy competition between crypto currencies so bitcoin really do the best to survive and bitcoin still stay on top, it proves that bitcoin still the best

No i don't believe and seeing someone's post and articles over the internet I won't believe them fully because we human have our common sense and we do have our own thinking system and have complete right to think of our own. so i don't believe that bitcoin is a garbage instead it will prove magical in coming years the rate at which is demand is increasing is quite awesome and we could hope that the money that we had invested in bitcoin will get few fold more in coming 2 3 years and i am not saying about 10 or 20 years so in due course of time our money will have about 10 times the current value or the value when we had invested in bitcoin and I have trust in bitcoin that if government and Law don't make bitcoin illegal throughout the world then one day it will beat every other currency and we could see bitcoin on top list of all. so blaming a technology is not acceptable everywhere and before blaming a technology we should first think of its advantages and disadvantages. and I guess that bitcoin have more advantage over its disadvantages.

I disagree with the article. Bitcoin to me is not garbage to alot of people. I believe that it's very useful and fun to invest in if done responsibly. People gain real money from the use of Bitcoin.

Make some example.

The market is totally saturated with people who just went in without thinking what it really is for and what could be its uses for the masses. And yes, bitcoin has a lot of catching up to do in terms of utility. I mean, is there a large percentage of people who really use bitcoin for shopping or buying things like fiat can do? Heck, there aren't that many stores who officially accepts bitcoin in their businesses to begin with.

How did this guy just formed the opinion in a 1000 words article that bitcoin is complete garbage? Kudos to his thought process. He has put minimal effort, no research on conveying to the readers why he thinks bitcoin is garbage. +1 for the volatility point, but it is a part of bitcoin, the price tends to fluctuate, but as the market cap increases, the prices would be much more stable, https://www.buybitcoinworldwide.com/volatility-index/


Now bitcoin does serve these two purposes, but its entirely not the heart of its working model. Why would Japan legalize bitcoins if it were used only for gambling and money laundering. Why companies like Overstock, Microsoft, and Gyft and many other opt for bitcoin payment option if it were used for gambling and money laundering only.


Absolutely.

http://i67.tinypic.com/1zq6gw9.jpg

I would not say Bitcoin is a garbage, Just think of the people who changed their life because of Bitcoin, think of the people who become success in crypto world because of Bitcoin, Think of those ico developer who was able to create interesting coin that is now has a big price in market. It all started thanks to Bitcoin.

LOL, what it really is for "Bitblinder" in Your Signature?

Some personal examples:

- I earned Bitcoins working as translator for a company that is 10000km away from my home. Transaction was confirmed quickly.
- I spent Bitcoin to buy food/precious metals/goods/services
- I have given Bitcoins as a birthday present
- I sold some things on OpenBazaar for Bitcoins.
- I made easy and quick donations using Bitcoins.
- Bitcoin/Altcoin trading works good and withdrawals are cheap.
- I have won some Bitcoins on gambling sites.

Bitcoin for me is pretty useful.

The problem with clickbait is that it works. You can even add three exclamation marks to prove you're clickbait and the hits will still come to your page.

Even if he was right about crypto only being used for gambling and money laundering, online gambling has been the second biggest earner on internet (after porn) for 20 years now. He's ignorant for saying it has no business model.

Bitcoin user: Hey have you heard about Bitcoin?
Writer of clickbait: It's complete garbage!!!
Bitcoin user: Oh. Okay.
Writer of clickbait: Stay away!!! It's only used for gambling and laundering!!!
Bitcoin user: Actually -
Writer of clickbait: It's complete garbage!!!

i think the writer need to read many info about bitcoin before he wrote that article. i don't agree that he said bitcoin is complete garbage, i am not sure that he don't use bitcoin because we can see bitcoin is very tempting for everyone now. we know that many people is attracting into bitcoin industry is because bitcoin giving many benefits to them so they can really make money with bitcoin.

The writer seems to give new investors fear and wants to think first before entering bitcoin. And I can say that this article is a bias one
He looks only on the dark side of bitcoin which is also applicable to fiat and as well as different local currencies. Paid article, I've been a lot of this one before.

Oh, You have a food shop, that accept electronic money?
Make please a picture and video, how it work.

I don't know if you are just sending us the article or voicing your opinion, but BTC isn't garbage and is a very good and efficient system, even in regards to non-digital payments.
And if you are not just against the whole crypto, but suggesting other things like ETH (Which already had a fork and tons of security issues), Then I would prefer bitcoin.

Funny it was posted here to where bitcoin is breathing.
Those who think it is garbage can stay that way and stay away from bitcoin.
We have our own opinions here. If they dont like it, that doesnt mean everyone should not like it too.
It is a good article though. Just to get more strength in having faith with bitcoin.

Youre thread is common specially for the users who post shits and things negative on bitcoin.Everyone knows how the volatility has a huge efffect on bitcoins so sudden drops on price is not new at all bro its not a garbage its part of grwing

Atm you can buy food for Bitcoins here:

https://www.menufy.com/bitcoin
https://www.reddit.com/r/Bitcoin/comments/6628a4/countries_where_its_possible_to_buy_food_for/
http://spendbitcoins.com/places/c/food/
https://www.survivalfood.com/bitcoin/
https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/

You can also buy food at OpenBazaar http://openbazaar.org.
If you live in Japan you will be in a Bitcoin heaven soon:
https://news.bitcoin.com/bitcoin-accepted-260000-stores-summer/

You want to buy Gold for Bitcoins? Check here:
https://www.bitgild.com/

Want more? Use Google ...

That remains to be seen

We don't know how much money has actually flown into other alts and especially into Ethereum. If Ethereum founders are really holding 60% of premined ETH tokens (I don't know if it's true or not), that means its "market cap" is even more deceiving that it is on average between altcoins. If you premine most of coins while only some get actually traded with the rest being locked (which seems to be the case with Ethereum), you may claim insane market cap but it won't have any meaning and bearing on reality (apart from luring in inexperienced folks)

Are You serious?
On Your URL are 6 shops in USA, 1 in Canada and no one in Europe.

That is just insane to say that. Bitcoin has already shown its potential portfolio to the world. Everybody knows at what extend bitcoin can be profitable. No offense, but can never let down anyone in the long term run. Its decentralized and public property. Everyone can play with it without any restriction and make profits. It will be implemented in real life in near future for sure.

I agree that too some extent the use of bitcoin is main in gambling and other scam activity but now their are other altcoin which are developed for some fundamentals and their aim are to improve their project with the help of blockchain. But still we cannot say bitcoin as garbage as right now their are more uses of bitcoin as not like before.

After reading the article, I wouldn't blame the author because he knows the reason why he reached that conclusion. Even though I don't agree with all his opinion but some of it is quite worth pondering over which is the excess valuation beyond the real value and this is something every one needs to be cautioned about in taking decisions as to whether to invest in bitcoin or not.

Yes i also think so.

Bitcoin is not garbage.
But bitcoin as an additional producer.
Bitcoin also reduces unemployment because they can make money without having to work in a company.

I dont think bitcoin is a wastage. Bitcoin has always been profitable for many of the people here. Bitcoin has always been profitable for me too. The idea about bitcoin been wastage depends totally on the way you use it. Bitcoin can ve used in gambling, mining, trading, investing etc. If you tried some useless ways, bitcoin will be wastage for you. Investinging and using bitcoin in proper ways and investing in proper sites will give you enough profit. Bitcoin is used in some illelegal activities like on deep web so it can be said to be useless there. if you use bitcoin for some good ways, you will always have profit.

Everyone has the right for its own opinion but.you have to consider the facts. No other cryptocurrency managed to be accepted like Bitcoin and no other cryptocurrency hasn't the real value in real world like Bitcoin. Many users have made fine profit from Bitcoin and for many it helped to improve the financial situation.
Bitcoin has also managed to shake the traditional financial system and make some changes. If you call all this a waste and garbage... Maybe you only have some personal frustrations regarding Bitcoin.

those who say it is garbage, dead, or whatever else they were calling bitcoin all these years better come up with a better version of bitcoin if they really understand things and can do it better!
i don't see this douchebag author doing anything better. just puts the pen to paper (or fingers to keyboard :)) and fills the internet with garbage.

i think the expression in English is "put up or shut up"

To each his own. To those who are benefiting from the surge, it is undeniable that bitcoin has worked wonders for them. Never mind that it is not yet as adopted by the masses after a few years of existence, but for those who have kept their faith over the years, the rewards are very evident. Maybe a few more good news about new places accepting bitcoin would quiet this writer a bit because his lack of research is clearly shown in how his judgment of bitcoin is.

I think bitcoin is not a garbage because it changes many peoples life as i have witnessed. Bitcoin is where other people earn income. Some people are investing on bitcoin some people are having job online to earn bitcoin because bitcoin benefits to people who know how useful it is and it is life changing.

You didn't ask for a certain country.

Maybe Bitcoin is just not made for people like you. Maybe you should stop posting in Bitcoin related forums and concentrate your power on things more important than this shitty garbage cryptocurrency bubble.

Everytime bitcon price drops hard you can read these articles, bitcoin is worth nothing, stay away, etc. It´s like they have these articles writen time ago waiting for the right time to be published.

I also do not agree with such a supposition which are listed in that article. in the online world as it's been very much a bitcoin helps people out there. But why are they still think like that? According to my bitcoin is excellent and superior to any site. It is evident that among many out there who are doing transactions and can survive for bitcoin on currency competition.

Hardly anything relevant in the article except that they just speak about Bitcoins lol, speculative hmm it works more on a demand and supply and it's get effected by news so partially speculative. Other wise I do not find anything relevant in the article except just another lame attempt to harm the identity of Bitcoins. I am sure these articles are just going to be on the rise as we move towards August 1st,but those who know Bitcoins won't be effected by this.

That isn't a bad article it's a way of advertising so he can get many traffic he used to say that bitcoin is garbage and make some reason not to ,, so inshort he just trying to advertise bitcoin using his website,, well bitcoin is not garbage we all know that, thats the reason why we all here right? so better hold some of it and thank me in the future,

I agree with you. The article has pointed out some of the questions that people find mysterious but the article is limiting itself to have a strong ground to its standing like it wants to avoid its standing against Bitcoin by not mentioning some important details unlike the way that it declares that it is only used in gambling and money laundering which is not. Bitcoin is a great platform especially in investment and earning abundant profit by buy and sell or in other word trading and other more. Surely it has its setbacks but still to say it's garbage is a word that is not appropriate to use since it has brought and help a lot of people and I am not just speculating this since I've witnessed it first hand with my eyes since that person is a friend of mine.

Yeah you're right. It really has credentials already for how many years. It's just a matter of perseverance if you are willing on something let yourself grow individually but saying that bitcoin is a complete garbage well, you haven't proven it yet. Experience it first before you judge. I have exprienced the life of a bitcoiner even if I only live in simple way of living but because of my brother's support I stand what it takes because it helps us to have an extra income so don't ever say that it's a complete garbage. You don't know everyone's story.

Interesting opinion. But just an opinion

It is the classic ask and answered technique in which your argument will be useless at the end. If Bitcoin is a complete garbage why are their still investors holding it after a several attempt of ramming it down in terms of price. What I mean about that is if it is garbage why is he telling an opposite thing about Ethereum and comparing is to a company in terms of market cap.

If bitcoin prices go down a bit, that does not mean Bitcoin Is Complete Garbage, have you actually seen bitcoin data for several years, or just consumed news without data, I'm very sad to see news without a clear foundation. I'm sure bitcoin prices will rise soon, be patient

I fully agree that bitcoin (and crypto in general) is essentially speculation (gambling), and that a minor part of it is what state lovers would call "crime" such as money laundering and dark markets - but that's the reason why it existed in the first place: to help us finance all that which the state doesn't want us to finance ; to be able to do commerce without paying taxes, to be able to finance things like bribing politicians, buying out judges, financing subversive action and so on (and if you really want to, finance terrorism, although that's going to be counter-productive: terrorism is a boon for states).  So it is not "garbage" for that reason, it is its reason of existence.  It is the reason I was a fan of bitcoin long ago.  The main problem I have with bitcoin is exactly that it isn't really catching on for subversive action financing, but that the gambling part is taking all the place.

Precisely, I don't know how some people think really because if Bitcoin takes a tumble then it is labeled garbage but looking at the stock markets , commodities like gold, silver and what have you all takes a tumble from time to time so I will ask ; does that make gold garbage?

The article talk about "cybercurrencies". never heard before

There was a guy, who claimed about Food Shop with BTC payment, i have asked him to explain the situation.
Seems You have no Food Shop in BTC too.

Everyone is entitled to their opinion and this forum is here for everyone to give their thoughts I may be a newbie to this forum but not to bitcoin and alt coins. I have been in merchant services for 20 years now and have seen the changes first hand and have had to overcome these obstacles. I do believe that the crytocurrency industry is just getting started. Technology is growing at such a rapid pace that the biggest companies in the world are having difficulty keeping up with this race. I do believe bitcoin is unstoppable and is here to stay. Bitcoin garbage collector!! From a newbie.Ha!

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I don't mind if you are unable to use the internet.

Well bitcoin is a lot more volatile so its not quite comparable to the tumbles in commodities or stocks. It does not however make it garbage, its been shown to be a great asset for holding as well as gaining more and more utility as an actual currency. These days though the speculative asset side is rising faster than its utility.

Hitler was clearly a smart guy when it came to writing but most of what he wrote was hatred reading. There is no comparison...

Where is this guy with the story about food shopping?
You have no such story, and even Internet help You not in it.

You guys should already learn by now that there are a lot FUD spreading here specially when the price of bitcoin fall. Everyone has its own opinion on bitcoin so it you treat bitcoin as garbage then don't invest on it simply as that. Its purely speculative market I know, but if you just know how to invest and profit then it will be everyone will be happy. But if you don't know, then of course you will treat it as garbage or no use at all.

Maybe he just lost up huge sums of money thats why he do really like to imply here that bitcoin is garbage. For me it isnt because even though the price is too volatile i can still able to catch up and make some out of money on this one. I just treat it somehow as an investment and i do just only put the amounts that i can able to risk of on this one.

bıtcoın ıs lıke gold. or becomıng lıke gold.

you cant buy anythıng by payıng gold ın real world too. but gold ıs gold. bıtcoın becomıng same.

and crytpto world ıs lookıng for petrol now. ıt seems etherıum wıll be petrol. you cant buy anythıng wıth petrol also. all other alts wıll be used ın dıfferent thıngs ın real world. lıke dolar euro bla bla. but you wıll count theır value wıth bıtcoın and etherıum. lıke now you are countıng your real money value by comparıng gold.

Exactly bro.

People still don't get it..  Blockchain is a great technology. It will help solve so many data problems. The one am most interested in is Blockchain News Media, Voting and Driverless car.  Fear of hacking and Rigging are the main reasons car companies and governments aren't giving driverless car and electronic voting a chance.

Blockchain will take away the power to hold very sensitive data from the Few to MANY. It is a wonderful technology.
    

Read the quotes in my last posting and you will find "this guy"

This article just only wants to denigrate bitcoin. The real life uses are a lot, buying electronics from Overstock.com is one of them. Exchanging it to real cash making a change to some people lives is another one. Gambling in full anonymity and watching porn in full anonymity without your wife finding out any statement on your credit card is another use of it. Buying games from Steam is another daily life usage. I think these are enough but in developed countries you can buy a car with bitcoin in real life too. Bitcoin is the future and no one can stop that.

sometime  I think people don t really understand how cryptocurrency works,you don t just expect price to go up and up,price is driven by force of demand and supply,if bitcoin price is down today ,don t think bitcoin is garbage just because of its price;remember bitcoin was been sold 9 dollar and there were alot of talk in the town then,keep calm and you will see the price going higher soon

Right, You claimed about "Food Shopping".
Why You send me to google, if i ask You about Your personal experience?

There is nothing wrong with a little controversy. Bitcoin is an amazing achievement and technology, however there are some flaws still. The industry overall is very hot, so its healthy to bring it back down a bit at times.

Yeah, I hate it when people just blindly praise Bitcoin and fail to acknowledge it's flaws. Some people just glorify Bitcoin in a way that doesn't help anyone.
I ;ean, you see it often enough here on this forum that people will just flat out refuse to accept any criticism.

It's gotten a bit better since the fees are rising through the roof, that's an obvious flaw that affects almost everyone.

I never seen any reason why bitcoin completely garbage we are seeing in the market that the price of bitcoin are still increasing it means many people are still supporting and trusting  bitcoin.
Maybe this man loses a lot of bitcoin and he wants bitcoin to go down and buy a bitcoin for cheap price or he wants bitcoin to fall down and invest other bitcoin users to other altcoin.
But for me i'll stay continue to support and believe in bitcoin and its impossible that bitcoin will be garbage.. we are heard many terms about bitcoin these months like bitcoin is already dead that i think its impossible right now to happen because many people and company are investing in bitcoin.. and bitcoin is growing daily..

Only judging from an article is absolutely ridiculous , also that article is utter shit , just how can you make a conclusion if a big digital finance going to be waste of time ? This is fake news lol , probably the writer just drunk or lost his bitcoin during gambling and trading lmao

Somebody should tell him that it has more than one purpose. It's an anonymous and fast payment system and a store of value like bonds but better, because it does not depend on the issuing government. I wonder if his attitude has changed since he wrote that article. Maybe he's even a holder now. :P

So I guess there really is a money in the garbage,
But its just his opinion and every one has the right to say what ever their opinion is.

are you serious? stay away from bitcoin in 2017 is a stupid idea... i will better stay away from mcdonalds not bitcoin.

Until BTC solves its scaling problems after 2+ years of debate I think it's more than fair to say that ETH is possibly better.

Ethereum are still altcoin they are added other feature that is why its more better but overall its just a copy paste of bitcoin.. why you are pushing down bitcoin? The fact that if there is no bitcoin those altcoin will never exist.
And its impossible that bitcoin will be down and become a garbage, bitcoin are in the new level where altcoin is impossible to reach. .
That i think if there's a chance that ethereum will be rise above bitcoin we will experience more disaster that bitcoin already experience bad issue and fixed.. unlike ethereum we do not know ethereum if it increase the same path of bitcoin it can experience much more issue than bitcoin ..

The debate of the scaling problem bitcoin already done by the politicians over 2 years. Looks pity to see those are arguing his statement against others.

I think the scaling problem will have resolved in august.
Segwit + 2 MB hardfork. I can't be patient.  ::)

Blah Blah if you all see his signature it is mentioned let's go eth and i'm basically assuming he is a eth investor and supporter but unlike our eth supporters he doesn't like bitcoin. First of all let me remind you the reason why eth exists is because of bitcoin if bitcoin hadn't been so famous your eth wouldn't have copied and introduced it. Another reason the price of eth only went to moon because bitcoin had got famous which intent let eth also to get some recognition. No matter what you say bitcoin will always be the best.

Ethereum is good in its own way, same thing goes for Bitcoin. I don't think that ETH is really better than BTC because it is essentially comparing apples to oranges, but that's not really something I can voice my opinions on since I'm not constantly involved with the Ethereum community.
Bitcoin does have its own shortcomings and the blocksize is definitely something that has to be considered more actively, but I have a fair amount of faith that things will carry on and BTC and ETH will complement each other, ideally.

It looks like it will either be solved this year or fork into 2, either way I think it will be much better for bitcoin long term.

After reading the article, I see no reason to think that bitcoin is "garbage". The author merely expresses his distrust of the volatility of bitcoin,and I think this issue has been largely discusses here, but I think the bitcoin and all other altcoins have been used by speculators to make money because the altcoin market is barely emerging and it will still take a long time to reach maturity and present lower volatility in the prices.

Apart from this, the article is shallow and does not deserve to be taken seriously to disqualify bitcoin.

The article doesn't really prove anything. Bitcoin is not garbage. The author most likely does not even know exactly what is bitcoin and is just drawing conclusions from the rising price that it's probably a ponzi scheme etc., which it is not. The questions that he asks in the article are legitimate, however he just answers his own questions for some reason and assumes that's how every bitcoiner will answer it. If he bothered to ask an established bitcoiner for an explanation of what bitcoin is before this article is written then he would likely be convnced into using BTC as well.

Anyone is entitled to their opinion, so don't hate on him too much even though the whole article is complete garbage :P

Everyone have the right to express their opinion, others can choose to listen to it, or not. There is like zillion columnists, bloggers and others with similar profession, all they do is talking and expressing their own opinion, sometimes they are right about something and in most cases they are not, everyone can open a blog and wrote what ever comes on that persons mind.
Even here we had, and we still have some people that wrote about the end of bitcoin, destroying bitcoin, simply we don`t need to pay much attention on this pessimistic people. Even bitcoin price is rising, and stronger then ever this people will never stand up and say that they were wrong.

Yes it is the article has a point but the title itself is the real garbage, why will you say a thing that is a complete garbage if it's a value of $2k plus?

I agree to the fluctuations part that is really unbelievable right now but for me cryptos is still in a early childhood stage and more event will soon to happen(only My own opinion)

Maybe the author of this article has invested most of his savings to Bitcoin or some other altcoin and loses 30% of it in instant that is why he titled this up or maybe just for the sake of click baiting to get more traffic to his article, who knows.

The author is complete newbie in the world of crypto currency,the only thing that he is right is the speculation which can apply to altcoins but not to bitcoin and ethereum,I seldom stumble this kind of article but it's garbage to me and the editor should fire the writer for this kind of article..

I really don't think that the author has any knowledge of bitcoin is whatsoever.

He probably ran out of material to write about and now he's just writing articles that hates on bitcoin.


What's the purpose of bitcoin? Search it up you dumb f***. Show me one bitcoiner who is retarded enough to say "the technology is absolutely amazing" to the answer of your question. Bitcoin is a decentralized, anonymous monetary system. You said it there. That's the purpose. To avoid government intervention, to avoid centralized banking, to avoid banks taking a cut of every transaction.

It's really not worth your time to even try to convince these bastards to actually try bitcoin themselves before they speak. Let them shill and we'll hodl.

The thing is, the article is obviously biased.

This is a site that focuses on the stockmarket, and obviously it's in their best interests to cover positive news about the stockmarket and centralized banks, whilst providing negative news for cryptocurrencies because they know that it's going to disrupt their whole business model.

Central bankers don't like bitcoins because they know it's going to replace fiat - and they want to influence others to not like bitcoin too. I'm fine with people not liking bitcoin but at least, keep it to yourself.

Let them grow with the wrong thinking, the authors of the article say that bitcoin bins may be true in the sense of rotting garbage in their thinking.
It seems that you are experiencing a failure in processing bitcoin and hating it or even you have not seen the development of bitcoin and found a worthy way to appreciate bitcoin.

It is his own opinion with regards on bitcoins and I would respect it because there will always be 2 sides in everything that has a potential to have a conflict. At least he thoroughly states the reason why did he came up with that statement. One possible cause is that it already affects his life greatly that is not on a good side.

The author have valid points on usability of bitcoin and that the value fluctuates like dropping 30% in a week.. It's certain, bitcoin is full of uncertainty right now. but if he doesn't want bitcoin because it's garbage to him, he can just throw his garbage in my direction. I'll be happy to pick it up.

That guy is butthurt cuz he hasn't got any coins. A hater. He should get a forum account and become a troll LOL  :D

Possibility and calling bitcoin garbage is stupid anyway because no matter how bad things get its never all or nothing because we can still fight for improvements to the protocol to make it more useable.

Nope i think the article is garbage made by a paid writer from bankers to criticize bitcoin and destroy it's image. How can this digital crypto currency be garbage  if you earn from it double or triple your real regular job without even investing a single penny, well others do spend but they use it to trade and manage to earn double on what they've invested. I think this coin could potentially have a huge value in the future and it is not trash according to the article. Many people have started using it so as countries even institutional investors has also invested in it. Bitcoin is one of the most widely used payment method in local on online shops.

The author can have some valid points, but he mocks bitcoin fans, as he said. Bitcoin has surely a purpose, it's not only speculation, persons using bitcoin want to have an easy tool to make online payments anonymously.
An easy way to pay and receive payments for online freelancing jobs and similar tasks that didn't exist before. This author is just trying to sabotage bitcoin concept and usage.

Sorry, but you seem to have issues understanding the english language. I have send you to different sites (not only google), where later you mock about these food sites beeing in the USA. You never provided your country btw. I have already posted all quotes again, because you also seem to have a bad short term memory, but now I can't help you anymore.

Here is a short request about pictues and video, how You buy Food and pay in BTC.
https://bitcointalk.org/index.php?topic=1969035.msg19590269#msg19590269

No idea, why instead of such story about Food Shopping yoou have started putting URL's to to non existing maps of Food Stores.

 Food Shopping payd in BTC is a rare thing in USA, and in EU this exist not.

While this obscure writer makes some good points I still don't see how he jumps from "bitcoin is mainly useful for money laundering and gambling" to "BTC is complete garbage!!". Complete lack of logical consistency. Not even taking into consideration the almost 0 inflation rate, the brilliance and transparency of blockchain, the difficulty in mass political collusion and market manipulation and only factoring in the darkweb I see this as simply more reason TO use bitcoin.

1. ANYTHING can be used to gamble and launder money. These services are old as currency itself.

2. It adds to the fungibility of BTC in that these will always be services people will seek out, what this does is force the government's hand in regulation which will only drive up public awareness and confidence in the currency.

3. Over time it's been shown that BTC has actually IMPROVED these services and there has been since 2013 a federal regulatory body named EFC (SEC for e-coins) that successfully settled up with two known BTC scamming/gambling sites. Money laundering I know nothing about but I know BTC is virtually impossible to counterfeit and all transactions can be traced  if the feds truly wanted to. See: successful prosecution of silkroad founder. And finally BTC has actually improved quality control for SOME types of drug markets as vendors can all be reviewed and rated and also the usage of escrow.

Honestly, as a fairly IT saavy person here with no knowledge of linux or PGP", STILL a huge opportunity for people willing to do the research (real value in that the market is favored toward the smart stealing from the ignorant more than the rich stealing from the poor, something that will also help to stabilize and raise the value of the currency over time)

Well that is good opinions and all of peoples has opinions too, bitcoins has large of capitalization
 i don't think people who made investing into bitcoins with real money will be garbage
 bitcoins is still alive for long time until today, bitcoins is new gold in my opinions
 i will stay in bitcoins even many people says bitcoins is garbage because it is just opinions.

UK:
http://www.wheretospendbitcoins.co.uk/category/food-and-consumables

Germany
https://www.edeka-lebensmittel.de/

... is bs.


Edit:

Austria
https://www.lieferservice.at/

I agree, people does not see the same thing as other people saw it.  I can be frustrated using Bitcoin because my expectation on its scaling ability is high but then others can be contented and still praise that they are able to send money accross the globe without the use of any third party processor.  So I guess instead of us getting pissed on the article, why not we contemplate what the author is trying to say.

No matter which new growing revolutionary technology we are talking about, there will be tons of people who will say it is garbage, it is gambling etc...
Yes, he might be right but if we all are great believers of this technology we should not listen or react to any of this column in any economic or news website.

No one can predict the future and no one can say who the cryptocurrency world will look like in a year or five years from now.

Article is make me smile ! Bitcoin is not a garbage Depends on how your know and use bitcoin in this kind of industry. Its your opinion and I respect that, i think They earn from that article.

I think the author wants to purchase more BTCs for him and that's why is hoping everyone will get rid of them... just joking of course, but I'm sure such articles must be paid by BTCs direct competitors, pure FUD as usual.

Indeed, let's respect every each opinion. For me bitcoins is not a garbage because actually bitcoin has made a lot of things for me. I think it depends on our perspective on how we will rate the bitcoin. It is matter of experience on bitcoin, if bitcoin frustrate you then you could say it's a garbage. That's my opinion.

But your post is looks like more garbage to me. Bitcoin is a garbage? I don't think so. How come bitcoin is a garbage, the legit bitcoiners do know that bitcoin is helping people in a way, I mean bitcoin could help us if we want to help ourselves by doing it. I just can't accept that some of the people here are still posting nonsense like this. It seems that you guys dp need some attention to increase your post counts.

While agree with some of the points in the article the whole fact that he took such a condescending tone is crazy. "Complete Garbage"? Come on. Then why is it worth $2500?

That's the issues with a lot of articles on the web these days. They are all taking a "click bait" or very argumentative stance. They want a group of people discussing and sharing their article just like this.

And I agree. There are many things with Bitcoin that may not really be perfect and that is just natural because Bitcoin is also evolving. As to its usage for gambling and money laundering, well, we have to understand that any currency can be used for that purpose so singling our Bitcoin may not really be fair. Hopefully, all of those valid points can be addressed by the Bitcoin stakeholders gradually.

It has been happening on a larger scale now Bitcoin is the hottest thing in terms of investments, and in terms of people looking for a change in how they look at the financial system. Bitcoin as a whole is growing, so if you as non Bitcoin news site, or blog, or whatever, wants to attract a new type of audience, it will help that you dive into Bitcoin and start writing about it. In order to attract people to click on your articles, and raise your ad income, you have to come up with such bogus titles. Just let them bark as much as they want.

We have been listening to people say how shit bitcoin is for the last few years and yet bitcoin still  exist with even more powerful value, community and users. They keep on ranting how bitcoins are useless but what we are seeing right now is total different scenario. i would say the article itself is a garbage filled with rubbish and litters.

Yes it is but it just exposed negative sides without point out some positive impact of bitcoin. There are some countries or cities where people spend bitcoin to purchase daily needs such as in Arnhem, Netherland or in Japan. There are a lot of people could make a living or just extra money through bitcoin earnings, whether it is from mining, exchanges or trading which depends on cryptocurrencies to get money.

Basically people are still downing the power of bitcoin but still no happening many people are saying that bitcoin is a garbage or dead but in the fact the bitcoin is gaining more power and it's price is still pumping so let's just don't read the fake article that is sabotage the bitcoin.

Bitcoin is never be a garbage. It always have a value. It may be goes down but still it always creates its way to gain more. But earn bitcoin as much as we could so that im future we will have a money to be spend for the future use.

How come bitcoin have been garbage with just one junk article. Does it justify everything? If we are going to base our thoughts and opinion about bitcoin in just one article, for sure we will be deceived. Try reading more and think about it, ask yourself it bitcoin is really a garbage.

If you consider bitcoin as garbage, how about it's value that is rising?

Hahaha my favourite part is


I don't know anyone who is too stupid to understand what bitcoins are for or how they are worth anything. Who does this guy talk to?! It sounds like morons that invest in ETH that literally don't understand anything about it and keep everything on exchanges because they think they're banks. Maybe he should have came here and asked what bitcoins are used for, as I use them every single day.

How it should have gone:

You: So what's the purpose of bitcoins?

Someone logical: Bitcoins are a way to be your own bank. They are deflationary, meaning there are a set limit of bitcoins that will never change. You can send someone money as easy as sending an email with NO intermediary. You don't need to go to western union, a bank, or send cash in the mail.

You: Oh. Why didn't you tell me about this before?

Someone logical: I did 100x you were just too skeptical. I'm glad I don't have to buy @ $2500 rofl.

You: Man I r dum. I'm gunna go buy ethereum now because DAPPS?! SMART CONTRACTS?! WAVE OF DA FOOTURE!! DOUBLE YOUR MONEY NOW NOW NOW!?!?!?

That was an old article and its out of date.Many people would have had that kind of view when bitcoin was in its early stage.But today bitcoin has proven its potential many times despite the continuous actions taken by the bankers and governments to destroy bitcoin.Bitcoin has changed the world economy in a revolutionary way and it has become a life changer not only to me but to many unemployed youth too.Today,a person who says bitcoin as garbage would be looked as a garbage.

If you really believe that article then how can you manage your account to reach up to that rank if you are not a believer of bitcoin and you just sticking to that belief that bitcoin is completely garbage. That article is one of the FUD right now that is just trying to make everyone panic but it will not work because if that article is true then a lot of people now are keep selling but the reality is, bitcoin is a very useful coin and very futuristic that can help fiat or other people to get a faster growth in their wealth.

Exactly, that article is not true because if its a garbage then this will have a big purpose to us. Bitcoin gives and helps us to provide our needs. This have a big usage nowadays. The author of that article was only expressing his/her opinion so its not 100% sure that its true.

Cannot say garbage if one makes money from it.
People who lost from investments or people who cannot handle their minds in betting, they are the ones who can say it's garbage.
But from my own point of view, bitcoin has been an important part of my financial life. It helps me a lot.

Bitcoin still exists with ever increasing investors means that it has potential. Lot of people have benefited from it. Bitcoin is as important as any other fiat currency. Bitcoin is like an international currency. Send it anywhere, anytime without any issue. This tech savvy world needs such currencies.

I think we have allowed the negative minded people the airwaves to be making denigrating statements against Bitcoin and cryptocurrencies for far too long and we need to set the record straight. Every Bitcoin investor definitely knows that this has been the trend for some time now and prices picks up as soon as there's a major dip yet these guys find their voices as soon as there's a tumble and they try to form reasons that can be best described as garbage.

First of all, Whatttt...?? I dont know what the author feels about the crypto currencies or BTC, IMO the topic should be "This article is complete garbage!!!" BTC has given financial stability and freedom to a huge population around the world, it will never be garbage.

My kind of junk then. It is worth $2500 as we speak, and it could potentially be worth ten times more in a few years time. This piece of junk has a whole eco system built around it, has made millionaires of many, and created it's own industries and jobs.

The author, Brett Arends, asks:

So what’s the purpose of bitcoin? . . . Yes, but what’s it for? . . . Yes, yes, I understand that. But what is it actually for? . . . Honestly, does it have a purpose? Any purpose at all?

Legions of Wall Street mavens, financial journalists, and politicians don't know either.

The purpose of bitcoin is immutable data-registration. That's it. This is such a useful function that the non-counterfeitable crypto-token named 'bitcoin' necessary to register data forever has created fiat-market value for itself. A bitcoin's ease of transmission and growing market value naturally makes it useful as a unit of exchange, as practical as it is unofficial. The author's comment that "You notice, incidentally, that these bitcoiners continue to measure the market price of their beloved new currencies in terms of, er, old-fashioned U.S. dollars" should be amended to old-fashioned U.S. dollars, Australian and Canadian dollars, euros, pound sterling, krone, rand, yen, renminbi, rubles, pesos, bolivars, rupees and so on around the world (and apologies for not knowing all of the plurals). As the knowledge of the potential of world-wide immutable data-registration has spread, the price of the BTClockchain's token has increased, both for its use and as a speculative vehicle. Data-registration is essentially what an ethereum smart-contract is too. The value of its token is driven by the same sheer utility of the system.

OK? The purpose of bitcoin is immutable data-registration.

The author then asks: "How come people who keep their money in bitcoin and ethereum and the like have experienced Weimar Republic levels of consumer-price inflation just this week?" Wow. Weimar's currency, the Mark, lost value because the government printed them like coupons. The BTCitcoin-token has increased in value as the supply of them increases strictly according to its protocol. No matter how powerful miners become and how strong the demand for it becomes, the last bitcoin will be mined in the next century.

You make the call Arends invites us. I call his article clickbait and Arends a hack because he had to have known all along that data-registration is what BTCitcoin is all about. If he genuinely did not, let him say so publicly and so reveal his usefulness as a blogger/journalist.

In his 1947 novel Bend Sinister, Vladimir Nabokov (of Lolita fame) noted the phenomenon of photojournalists with "souls as cheap as dried figs." How cheap must Arends' be? Any guesses?

Another cheap stunt to make bitcoin look bad. I don't believe these stuffs anymore. If you are smart enough then you guys don't believe it. Bitcoin is already been announced as dead by many smartass peoples but here we are from 200$ to 3k$.

Its possible bitcoin considered garbage by some people. Bitcoin is a garbage with value more than $2337/btc (today's price, taken from preev). Is there anything else that can grow into a giant after being considered dead, i think nothing is brighter than bitcoin.

Some people are still working against Bitcoin, they are playing a negative role in the virtual world, but Bitcoin is going with its own spirit, and we people are getting experienced about it, so there is still nothing to worry about Bitcoin's termination...day by day Bitcoin is becoming a profitable sector of investment and saving...

May I request you to send all your bitcoins to me since you don't trust bitcoin anymore? I assure you that I will make good use of those coins and will never regret. Send me a PM so that I can send you my wallet address.

I believe in bitcoin and I am sure that current slide in price is just a phase and it will be over soon. Bitcoin price was down due to the normal market practice. It is just building up its ground and soon will break the previous pricing record. So I am not worrying and I take this opportunity to buy more bitcoins for my savings.

No one with a good functioning brain will ever take these articles serious. It's a common practice for people to dislike something when they don't understand what it is, or how it works.

If you don't think Bitcoin is worthy of being valuated at current levels, or think Bitcoin has no purpose, then there still is no reason to use garbage. It's just an attempt to draw attention, really.

There are people like that in this world. They don't want others to succeed in life. Maybe the author didn't understand bitcoin that is why he is saying negative things about it. But I think he is outnumbered because every day more and more people are really finding bitcoin a good chance to make their lives easier by investing or earning through it.

Yup as we all know everything and all the details about what kind of garbage we're dealing with here, but who cares as long as we can profit from it? maybe if you had 500K Bitcoins then it would've been gold for you instead of garbage.
Now can I take 20 of your garbage coins out please? lol

If you look at the price now,it is recovering and it has crossed $2600,it was just a correction and i think the main reason was that bitmain came out with a scaling solution which created much uncertainty and people started selling off without thinking twice and that is how the market works,people used to react pretty fast and then it used to recover after a couple of days and that is what happened here,@OP Brett Arends is the garbage here as he thinks bitcoin is used solely for gambling and money laundering.  

The author thinks that it is mainly used for gambling and so he made up his mind that all the crypto currencies have no real world usage,which i think is a dumb analysis,i am sure he has no idea what economics is all about and i think the blog is meant to reach to a wider audience and a click bait with all the dumb stuffs. :D

If he had one bitcoin his stand would have being different,he thinks that it is used just to gamble and launder money which is another stupid way to look at things,if he thinks that can be achieved then there is a lot more to that than just use it for gambling,gambling chips from casinos would have being a asset according to his assumption :P

Something not permit You not to clarify Your story about Food Shopping experience?

Food Shopping is when someone goes to buy food, not eating at Restaurant/Bar?
What for URL's You give again?
For UK there is 1 "farmer shop" and Restaurants/Bar.
Other are affiliate of https://www.wedeliverlocal.co.uk/CustomerFaq.aspx and this is online delivery service for limited territory, no one sell in BTC if You go shopping there in person.

for Germany is 1 online shop
for Austria is a directory of restaurants.

https://i2.wp.com/iacenter.org/wp-content/uploads/europe031817.jpg?fit=960%2C540

If You have troubles to detect, where is Europe, here is a picture.

Sorry, you are too dull to understand the simplest facts. If you don't know that Germany, UK and Austria are in Europe, there is no way you are looking for an answer, but you are just another idiot troll. Ignore function is king with people like you.

It's a good article and has an own point, I agree with you bitcoin will be more powerful in the near future because of people who enroll in this community each day. Bitcoin users have a good advantage for bitcoin itself. I think it will be one of the famous think in the whole world after few years, Personnaly, I love bitcoin and i like use it everyday, and it's not a garbage that what this topic said.

you are very right here  the prices are going to its most high status and soon it will be more famous and more safe currency so, calling bitcoin a garbage is totally injustices so it is an upcoming good , secure and most beneficial currency instead of garbage or something useless earn from it and you will get to know its importance in markets. 

For 2013's conditions, their negative perspective is very acceptable, honestly saying. They could not have foreseen this development and structre inside the blockchain community.

You still hide Your story about Food Shopping, seems You have nothing to tell about.
No picture, no video.

No one Food Shop accept BTC in Germany or Austria, and in GB there is only one Farmer Shop.
All URL's provided by You are Restaurants/Bars.

Online Shopping and Delivery Services is not the same as going to Shop and searching items there and paying with BTC.

Still, in USA are listed only 6 places.

Or Your story is a fake?

The reason why they are saying that Bticoin is a garbage? Is mainly because the rapid population growth of these Altcoins, for example ETH has been the top Altcoin now, and there are rumors that ETH will soon replace BTC. But that's not the case because BTC has already been using in countries that have already accepted it as payment. Why are you saying that BTC is a garbage?

How could you say bitcoin is garbage? Haha.
Only by that article? You're just trolling around dude.
I'm sure you benefited from bitcoin. Don't us.  ;D
Of course there's pump and dump because of the volatility as like the other currencies. There's Eth that next to btc but it's not enough. Many good features has btc that we experience and many countries now legalized it.

Its not garbage mate and its 2017 so dont believe in this article.

If you think that bitcoin is garbage, just give all your bitcoin to me. That would be helpful :)

Well, at least there is something like an enlightened post here that shows unbiased analysis of bitcoin.

Indeed, while the article is clearly a critic about the existence and the foundation of bitcoin, it has a point nevertheless. And, yes it is true, new ones are emerging nonstop, crypto after crypto. But the article is also showing figures, not just simple figures but in billions. Which means even if there are critics of this new technology, the demand is simply rising rather consistently, reflecting trust from people.

Mere an opinion from one side, there's nothing to argue about the article but just ignore it instead, though criticism for bitcoin is absolutely fine and there's nothing to worry about from this article.
From the article itself, I might agree with some points written by the writer but not with the rest (for example, delusional dialogue)

Altcoins aren't going to replace bitcoin.

And there is no "rumour" that suggests that ethereum is going to be the "new bitcoin". All it had done is simply come close to bitcoin's market capitalization which in my opinion will probably not be the case in the near future as more and more people move their funds out of ethereum and into bitcoin in search of better liquidity and trading opportunities.

He has some good points in his article, but they are not properly researched and it's extremely biased coming from a central bank supporter as their author.

Dont waste your time for that kind of article no need to argue instead ignore it just simple
Yes the author has a point but its just an opinion stay cool and continue on what your doing!!

I would like to read the take of those people who had similar mentality back in 2011-12 and they refused to invest even a penny in the Bitcoin. I agree that we should not consider past performance as a reflection of the future but bitcoin has introduced its potential over the time and new concepts are enough to draw a picture of the future of infinite possibilities of the bitcoin. Bitcoin is garbage those who fails to see its potential.

Pretty much.

Back in the early days of bitcoin there were a lot of people calling out bitcoin for being a ponzi scheme and whatnot, but they have pretty much failed miserably with their predictions that never panned out. I remember a lot of people were saying that bitcoin will crash to zero in 5 years blah blah blah.

It's just another bitcoin hater. No need to take too much notice, obviously he is affiliated with some sort of stock market broker, and bitcoin trading is a direct competitor to stocks. So it makes sense for him to write up this sort of bullshit.

There is no proof it's written like some hatters did it . It's complete junk without any research written the article. It's complete speculation.

Haha! I like that! Those people who thinks bitcoin is garbage just PM me and I will give you my bitcoin address.  ;D
I'll be gladly to assist you.
Gosh it's 2017 and your article is like 5 years ago? Just like wtf! That's non sense and not worthy of time to discuss.

Its a realistic possibility that one or several altcoins will become bigger than bitcoin, but I agree with you in one area and that is that it doesn't and won't replace bitcoin. In my opinion there is room in the market for them to be bigger than bitcoin and work alongside it.

several? uh i don't think so, only ETH is big enough to pose a threat, but still ETH is not suiteds for daily used, it's more of a "support" coin for me that would help the grow of other coin, in fact many coin are based o smart contract for the ETH platform

The only way that bitcoin will become a completely garbage is when the transactions of bitcoin will be stuck and there is a lot of high fees then after that I can say that bitcoin is completely garbage and the only thing that we can to do is to just leave and transaction to another kind of cryptocurrency which solves the current issues of bitcoin like Litecoin.

Why one need to pay for some "Bitmixer" (from Your Signature), if there exist Monero anonymuos transaction?

What an insightful article quoted in the OP. The truth is that everything around us is revolutionizing and we have to accept it as it comes. Everything new that comes up has to face resistance, criticism and rejection. Bitcoin is not spared in this game and that is why we see such articles appearing in the main stream media. This is not the first one nor is it the last one. We are yet to see more similar articles but what i know is that bitcoin is revolutionizing the currency world. and it is here stay for another century.

Whats all this obsession about food buying for Bitcoin? I have bought a lot of food and I paid in Bitcoin and BASTA! You think I have a reason to lie about some shitty food orders I made? WTF you want? A fucking bill as a proof? GTFOH little troll. You can't see the truth when its presented right in your face.

"What are its real-life uses? Online gambling and money laundering"    very true !

over 80% from BTC market is based on these.

Ohh, a "food order".
So, You have never payd in BTC at Food Shop.



Do You have seen a Food Shop, where is possible to pay in BTC?

Congratiolations. You just entered in my ignore list.

That's a media coverage from the ol' bitcoin days IMO, arguing with words that seem unsuitable for a decent media coverage platform and more suitable for a discussion between friends...
Regarding the points made in the article, all are subjective and depend on your view and is not that set as the article tries to declare.

WOW, no pictures about Food Shop for BTC from USA.

OK I read the article and 1 thing stands out for me, its published right when bitcoins price falls back.

My initial reaction was anger but after reading comments on the preceding pages
I think there are a few points he made that are true about
Bitcoins useage and limitations but when bitcoin stabilises or when
more adoption by sellers and spending happens there will be more useage.

I really can't get the mind setting of these people. We did saw on how bitcoin's growth move and it's progress were on a positive chart. They can't look at the brighter side that bitcoin did really gave many people a big opportunity to earn and do something good when it comes to finances. But these people really don't appreciate, they always look on a very simple problem.

Shit article. I do not know why people keep sharing this. It is absolutely stupid. Well, it is your fault when you try to spread bitcoin all over a world and now it gets stuck and you guys all try to blame it.

Sadly they don't maintain their stand over the time and get involved with it when they find that they were wrong. I think the same thing is going to happen with bitcoin and blockchain too, we will see many people coming in our community to use and try this technology in next few years. I think we shouldn't blame them as the not everyone has the same vision and risk bearing capacity. Today we have faith in where we have involved ourselves and probably critics will join us tomorrow when the growth of it will come within the area of their vision.

Bitcoin is garbage? Are you crazy? Bitcoin is like a gold that can be a treasure for others. Bitcoin is a money and it is not a garbage. I know many people knows about that tje bitcoins is really important.

Some people may want to be the ones that are going to be saying stuff like this, but this is the narrative that's going to be holding Bitcoin back from fully coming out into a global currency as it should be with the type of code behind it. Takeout the issues we're having with congestion on the network right now, and all that kind of stuff when it comes to TX issues and this currency is still amazing. Bitcoin is amazing, and it will always be an amazing piece of code that has really turned a lot of people with a lot of money in the normal banking industry turn and shake their head. Think about it, the only time regulations are going to come out are the times that the GOV is lobbied into doing it to protect someone.

So, someone was scared enough that BTC was / is / has the capability of doing such a thing that they knew they had to limit the growth of this currency. Pretty insane to fully thing about.

Bitcoin isn't garbage, it may not be the most amazing thing out there, but it's definitely amazing.

Very well said and I think its great people talk about the bad along with the good. The thing is that it is also designed to be upgraded or changed through consensus so eventually we will agree on solutions to fix congestion and any other major problems we face.

If and only if in the future there will be no more fiat and only cryptocurrencies, then If I am going to compare these "cryptocurrencies" to fiat money, it will be just like dollars and euros.

Where dollars have expanded massively in other countries, for example there are Hong Kong Dollars, Singaporean Dollars etc. but there is no Hong Kong Euros or Singaporean Euros, makes sense right?

Back to cryptocurrencies, BTC have already outnumbered ETH, its like Euros is competing for Dollars as well as ETH is competing for BTC, right?  

Maybe it's just that the understanding of people in Bitcoin is not well enough so that they just care about the price, not deep enough for someone who just enjoys it. The article has a point, it can be treated as another way to earn money, by trading. That's why the prices are always fluctuating, the supply and demand of the cryptocurrencies, that's it.

Since bitcoin is decentralized then the fluctuations of the price is common and bitcoin is not a garbage because of that. The pumps and dumps is very common and you can make profits with that if you know how to trade. If you have deep knowledge about bitcoin then you can easily understand why these things keep on happening and you will not be able to think some negative things about bitcoin.

That's true, it shouldn't be considered that it's trash because it's an innovation towards the future of transactions. It would be a lot of help using that into what they are made to do, to be pseudo-anonymous in your transactions and preventing middle man transactions.  There are a lot of places that you can research in order to learn more about Bitcoin.

I dont understand your point . Bitcoin already achieved mainstream media attention. As far current scenario there is now way of accepting bitcoin in shops and stores because of transaction fees and high waiting time for confirmation . If shops start to accept then they have to keep superate room for transaction waiting and confirmation people.

yeah... Lot of the opinion tells the truth. Sadly I have to agreed.

I get the point and actually the article has a point but for those bitcoin owners who haven't invest a single fiat, and just earn it online. Well that is a big deal. Bitcoin is not just for gambling and money laundering it is some kind of a financial managing thing. An investment. Any one who built business has no certainty that everything will go well. They just take the risk, strategize and hope. What difference does that principle of business have when it comes to bitcoin?

Well it's a nice piece of 'garbage' I wouldn't mind owning right now. If you have just 150 pieces of it, here in Cyprus you can buy a three bedroom villa by the sea, so if anyone wants to get rid of their trash, I'm your man lol..What a load of baloney written in this article, but anyway, each to their own I guess?

The progress of bitcoin's growth is very good and positive. We really can't blame them if they are seeing bitcoin as a garbage for them, they usually look for a perfect system or monetary medium which there's no perfect that is existing. Well I can say that those critics will be joining us soon and will regret that they stated bitcoin as a garbage.

I agree with the last part of the article.

Fast-growing rival ethereum was worth bupkis at the start of the year. Today it’s valued at $31 billion, or almost 10 times as much as the company ESRT, -0.42% that owns the Empire State Building.

Preposterous? You make the call.

Yeah, really preposterous. A scamcoin is worth more than an entire building full of con artists.

Is it true that there are bitcoin users that when you ask what a bitcoin is they will be answering like that? I don't think so, maybe some new people to these forum or new to digital currency but after being in these forum for a long time, I think they will understand it. And I don't take this article seriously, I don't know why, but when I finish reading it, I just don't care.

that made up interview in the article is what would it be like if he was speaking to someone who recently got into bitcoin.

Bitcoin may have aspects that are useful for some illegal works but calling it complete garbage..? cmon...

Yes it has already been achieved mainstream media attention. And no, in some countries that have already accepted BTC, few of those shops are accepting BTC as payment and don't even have to keep separate room for those transactions waiting and confirmations.

And by having the fact that BTC is decentralized, how could you say that they have to have a separate room for those transactions? I'm confused.

It is not the way to improve and increase their interest in bitcoin currency. that is just insane to say that Bitcoin has already show its potential portfolio to everyone. all the people is no aware at what extent Bitcoin can be profitable. no offence but can never let anyone in the long term Run. It is now available for everyone no limit anyone can earn through it. it is good in all respect and for everyone.

that is in fact such a precious garbage that everyone will like to have it. and specially those people who know about the importance of bitcoin. the most educated and richest people want to have such garbage in a large number and same is my case I want to have a number of bitcoin and for that reason I have almost invested my all asses in bitcoin and I am confident that this garbage  will give me a good profit and will make my life and future more secure and bright.

No,Keeping in mind the future, Bitcoin is the top of all. Each place is expanding. However, to understand its future, there is a need for more time.

Bitcoin is useless and bad only for those people who do not know about bitcoin and cannot find his benefits in bitcoin as any person who will know about bitcoin they will find their benefits in bitcoin and they will easily accept bitcoin as a best payment way for themselves for any international payment system etc.

Agree with your point. Bitcoin is already a very beneficial currency and is having a very beneficial role in providing many people their earning for their living. Many students are now independent with the income of them which they are earning b adopting bitcoin.

To be totally honest, there are a lot of people who are interested in garbage. Real garbage.
And i'm not talking about poor people digging it buy people making millions out of recycling.

But straight to the point, have you really invested all your assets in bitcoin?
Man this is extreme. Or you have just invested your asses? You have more than one?


Has anybody told you yet that, like Yoda speak you do ?