Bitcoin Forum

It removes all of the problems Rothschild and Friends created to keep us under their foot.  Why would we want to be free from debt slavery guys?  Why would we want to remove global poverty?  Why would we want to stop the fracking in the states?  Why would we want to question GMO'S?  How is Jacob Rothschild suppose to get his 78th Castle if everyone gets paid a proper wage?  THINK ABOUT THE ROTHSCHILDS GUYS! If BTC continues they might lose their ability to loan money out of thin air how terrible that would be.

I'd like to admit it here and now that we the people are selfish!  Shame shame on us for not caring more!

I love the sarcasm from this post. But really though, this is probably one of the reasons that bitcoin was invented in the first place.

The huge number of scammers and theives.   But this could also be said about anything that has to do with money.

First bitcoin was the perfect money for the New Word Order, now it is the anti-Rothschild money(anti-metacapicalist money in general).

The real problem is that btc is just a 5 yo child that solves many problems that aren't meant to be solved(eg, way to bypass credit card and banks expensive and inefficient services, and bypass government taxes and protectionism), and bring people all responsibility for their acts. For most is preferible live a miserable life without taking responsibility for their acts and choices than have a much better life with these responsibilities.

i like what you said here. bitcoin is such a young child that we have no idea what the possiblitys it could bring the world and ow it could help or hurt us long term. we are only going to find out and we are either going to be worth millions or 0

Like this, good quote...

If you're bad at handling money, you'll end up in debt, bitcoin or not.

I want to be a part of an economic reformation on a global scale.  And I'm a very conservative individual. 

The problem with bitcoin is: It's large blockchain size that developer need to do something ASAP.

So we can all have part of this wonderful piece of pie  ;D
Block Compression really needs to speed up

If you pay taxes you are a debt slave, I have zero personal debts by the by.

This isn't something that can be done easy. Besides you can download the blockchain from a torrent.

this is why more people sell drugs everyday and get involved in illegal activitys. its nearly impossible to not be in debt in todays society and if you dont pay taxes its 1/3 increase in pay lol

"It removes all of the problems Rothschild and Friends created to keep us under their foot. " well If they can help me to earn money, I agree, why not? :)

But bitcoin can worsen it if you had all your assets in it :/

Because United States. Why do they think they're so superior?

The problem with Bitcoin is we need a hipster brand slogan, a marketing campaign, an appealing method to arouse more curiosity.  We need exposure.  Positive exposure.  Yes, modern media only focuses on the negative aspects of life, hence the constant news of arrests, crashes, people killed, war, etc.  We need some flower power, ladies and gents.

The problem with Bitcoin is is that it's too perfect, but the general public wont realise this.

If you have all your assets in one thing you are bad at handling money.

One of the main problems with bitcoin is still all the propaganda that is out there. I was at dinner last night talking to a few friends. They are both financially very successful, and both very well educated. We were talking about investments...stocks, mutual funds, etc. and i brought up Bitcoin. Both of them had heard of BTC, but both said that they had heard that Bitcoin was shut down and out of business. I tried explaining that they were probably talking about Gox being shut down, but they were convinced that it was BTC itself that had been shut down.

There is just too much misinformation out there still.

The internet + money is a bad combination, scammers thrive.

hackers and unknown funds for illegal stuff.

Don't think I'll ever forget the day i was told by a smug few that, "Bitcoin in Japan has crashed!  It is no more. "

People believe what they want to believe.

From my perspective, the main challenges right now are that 1. exchanges keep getting hacked, and while the thefts make headlines, the paybacks--when they exist-- are rarely publicized.

2.  "(eg, way to bypass credit card and banks expensive and inefficient services, and bypass government taxes and protectionism)"  doesn't really make any difference to small buyers/everyday users when it costs so much extra to buy in at exchanges like localbtc and the large exchanges have their trains jacked so often.  Why would consumers want to support something like that?  It's not as though most blue collar workers can afford to lose much.

tldr; If btc was supposed to help the little guy out it is now failing b/c a lot of those little guys are greedy and self-centered, just like Mr. Big Bank and Uncle Sam.

Hate to sound like a downer, but that's what it looks like from this honeybee's POV.

You don't see propaganda and an overall misunderstanding of BTC as a problem?? If we want mainstream adoption, we need BTC to be understood by as many people as possible

The problem with bitcoin is that it's not popular between most people, we have to spread the word in all the ways we can to let btc grow faster.

The only problem with Bitcoin is that most people aren't intelligent enough to realize what this technology is. If that weren't the case, fiat would already be worthless.

how can we fix this?

Bitcoin is conservatism in the truest, best sense of the word. I say this as an anarchist anti-capitalist.

Some months ago my brother said something about, that all the Bitcoin-Exchanges are getting shut down(besides MTGox, there were also some small ones, I have never heard about before they were shut down) and therefor it doesn't is safe.
Today he owns some Bitcoins.

We spread the information about BTC and let more people know it. The most important is to bring more daily useful applications related to BTC to us. So more people will accept it and use it. 

http://en.wikipedia.org/wiki/Satire

;)

Yeh when mtgox was on the news they made it sound that bitcoin was hacked and it would plummet.
While only 1 exhange was hacked and they made people believe it was bitcoin that was hacked.
People where suddenly talking to me about bitcoin, that they hacked it and bitcoin would drop to 0 now.
The disinformation is to strong, people see no problem at all in lending money they think it's part of the world we live in and we couldnt live without it.

I thought HSBC was insolvent (probably true) and was put in jail for money laundering (joke).
 :)

It's not about being 'intelligent' enough, it's about wanting to understand what it is. People were afraid of the internet, rock music and video games when they came about, not because they weren't capable of understanding them, but rather that they didn't want to.

But once they dipped their toe in the water......those are 3 of the most popular things ever.

Exactly. Give it some time and we'll get bitcoin into the top 4, haha.

Yes, the world LOVES bitcoin, they just dont know it yet.

I dont think theres any problem with bitcoin at all. Thats what makes it so great.

The current problem might be that it's directly associated to drug/weapon trade in the eyes of the Common Joe.

Then the common joes are idiots. I hear that its used by drug dealers/criminals excuse less and less nowadays though,.

Well the Common Joe have loads of reasons to move away from bitcoins.
Mostly with information they got from the newspapers and newsstations.
Drugs and weapons
Criminals
Hackers
Nerds

that's what most common people relate to when they hear bitcoins
So we should solve the problems ahead of us.

Well the only reason that's mainstream media is because those are the most sellable headlines. .)

And you can apply all these to cashmoney as well. Shame people are so ignorant.

Of course it can be applied to real money, that's what's so silly. But headlines about the devil currency sell more copies than "The currency of the future?"

I think another problem is, that it's using alot of electricity, that is bad for the world.
Especially when alot more people are going to mine it, I mean it's already gettin more every day.
Maybe one of the eco friendly coins are a help with that, or bitcoin could implement something to reduce electricity use.

Well to counter that we can look at using greener sources of energy.

Okay, we build a device to turn the excess heat into electricity and using experimental "grounding" technology we funnel this electricity into the Earth to combat AGW.

I think I've covered all my green bases. Where do I collect my government grant funds?

Got to go, trying to think like a politician has giving me a headache.

Greener energy is a must for the world not just bitcoin. Would be nice to see solar powerd miners though.

Damn it, hadn't thought about this. I'm so selfish...
I'll donate one whole satoshi to them, to compensate for the terrible upcoming losses.

You rich bastard. Just throwing away money like it's rubbish.

I agree with you! .. And I already said this in here every person should talk to the people that he knew about the positive things Bitcoin

At the moment I think the biggest problem with btc is that not many people accept it so its limited as a currency.

Even the governments in many countries don't recognise BTC and ban it. How can we accept this new things as normal person?

I think volatility and peoples skepticism are the problems bitcoin is facing.

Well, you can apply a lot of the negatives of a HORSE to CARS in the same way but the advantages of a car outweigh the negatives.

You have to convince the common joe that bitcoin is the car and money is the horse. The advantage of bitcoin over money is the limited supply. Is that enough?

Every time someone points out something wrong with bitcoin, the first line of defense is - fiat has the same problem. Well, if bitcoin has the same problems as fiat then why bother?

Instead of repeating the same thing over and over like a broken record, you all should push the advantages of bitcoin and see if that is really what the common joes want.

Stop governments from meddling in power generation and you get cheaper power. Innovation can make it cheaper and cleaner.

Yeah you go ahead and tell that to a major news corporation and see if they report it. Bwahhaa.

I don't remember who said it but I always thought this quote was really applicable to the our mass media:
"a lie is half way around the globe before the truth is even out of bed."

It's a good quote indeed, the headlines that sell aren't necessarily true. ;)

The only problem with bitcoin that it haven't spread all over the world yet

The best thing about bitcoin is that it hasn't spread all over the world yet.
That's what makes us innovators :)

[But yeah, btc, please spread around soonish]

We're still in an extremely early phase. No need to rush it and scare people. Let it slowly sink in and we'll see more and more of it.

Each day it's better and better. Have you seen the Bitcoin ATMs that are around the world? That's a thing.
And they actually get used ;)

The real problem with Bitcoin is that it's too advanced for a lot of people. You need to go through different steps to obtain it and it's just not accepted enough at vendors.

Yep, Bitcoin is still not "user friendly" for the vast majority of plebs. It's also still seen as very "scary / risky". "What if my computer gets hacked and I lose all my money?"

Both these issues will be resolved sooner rather than later, and when they are we can expect to see a tremendous surge in the value of BTC.

The whole world is selfish.

Everyone knows about the output of CO2 in the air and how global warming is going to effect us in 100 years yet no one gives a shit cause all they care about is themselves and how they have it right at this moment.

Oh come on, global warming is an incredible myth. At least it's not worth all the FUD it's generating.
But I do agree that we do stuff without thinking about the future, like not recycling.

WE DIDN'T LISTEN!!!!


ps there is a politics forum for the global warming bs discussion.

I would give out 2 problems :

Storing Bitcoins safely has to be learned and there is no insurance of getting your money back if it is hacked

People still believe in Fiat

It is so energy efficient that a paper was released the other day illustrating how it is superior to the standard industry of money printing and banking

That said because it is so efficient people are going to complain about it :)

The problem with Bitcoin is that I didn't get in early enough and as a result don't have as many bitcoins as I would have liked. This can change though :P

Efficiency sadly often results in people losing jobs. So yeah, complaining will come.
Do you have a source to that paper? Curious!

Sure but this topic is on the problem of Bitcoin so I'll keep it on topic while sharing

The problem with Bitcoin is that it is so efficient it will destroy American and Worldwide Jobs by replacing it with its own innovation :)

Link to thread
https://bitcointalk.org/index.php?topic=642827.msg7175804#msg7175804

Nice twist to keep on topic! ;)

Thanks a lot for the link!

I'm loving all the sarcasm in this post

I love the sarcasm from this post

this could also be said about anything that has to do with money

The problem with Bitcoin is no matter how long I stare at this damn forum, the price never goes up to where I feel like a member of the wealthy elite.


 >:(

Sure but this topic is on the problem of Bitcoin so I'll keep it on topic while sharing

I'm loving all the sarcasm in this post

Patience, give it a few years

Looks like someone was hoping Bitcoin was a get rich quick scheme.

Nope. It was a joke in light of this post.

Though, I'm pretty confident I'm not the only one who's a little anxious after many months of hodling. I am prepared to go YEARS but I reserve the right to make light of the situation.

Bitcoin is way overpriced for what it can do. There are better and cheaper technologies.

What are you smoking?

Bitcoin is free to use for everyone. The client is free & open source, its the cheapest way to move any amount to anyone anywhere. There is nothing 'better and cheaper'.

The trading price is irrelevant, as long as its valuation is high enough to facilitate what people want to do with it.

Yes, there is.
Certainly better. And so much cheaper, which in investors' minds translates to undervalued. A seasoned investor like a hungry wolf is looking for undervalued technologies.

Here is what a seasoned investor thinks like:

There is a technology A and technology B.

Technology A is limited to 1-2 functions.
Technology B can perform 4-5 functions including those Technology A can do and promises to deliver even more in the near future.

Technology A is 100x more expensive to invest in than Technology B.

The choice is obvious. There is a contrarian approach in investing - investing in what masses don't invest in. Investing in Bitcoin was contrarian investing in 2011-2013. But it's now got to the point where investing into Bitcoin is no longer contrarian investing. It's become mainstream for private investors who are technologically savvy, they are looking for more advanced and undervalued technologies.

Bitcoin is Technology A.
NXT is Technology B.

Technologically unsavvy investors will either: a) never invest into cryptos (which is most likely) or b) skip right to Technology B or C, should Technology C appear on the horizon.

oh man... this again... NXT has basically 0 adoption, and has all the problems
that proof-of-stake coins have.

I am sorry, if this may sound rude, but you should get out from under your rock more often and educate yourself, but not with myths touted by Bitcoin early adopters with miners mentality. However, I am still not sure whether open-mindedness is a natural gift or something that a human can develop over the course of life, I forgot how I got mine.

No offense taken, although I'm not
really interested in a debate here.

I have looked into proof of stake
and participated in some of the
discussions in the technical area
of the forum and for now, I think
there are unsolved security issues with that
whole approach.   

That's just my opinion.  I'll try to remain
open minded, thanks for the suggestion.

This is suppose to be a fun thread!

Be nice!

How is it overpriced? That's like saying "650 USD is overpriced". ???

End the fed!!  Bitcoin still in it's infancy.  Even the Fed took at least 10 years to make the USD the worlds reserve currency!  I for one am sick and tired of seeing these central bankers getting away with outright theft!  Will be quite interesting to see where bitcoin is priced at if it's still around 5 years from now :)

*I have a sneaking suspicion there will be those looking back on these threads laughing at those of us that actually thought $650 was to much to pay for 1 whole bitcoin.

If NXT succeeds, you'll be a very rich man. Or... just a bag-holder.

Either way, your theories about economics are more wishes and hopes than theory.

Good luck.

The amount of possible consumer protection related products possible with bitcoin are very limited.

Bitcoin will make the world a better place  ::)