Bitcoin Forum

In April/May 2011 (and earlier) this forum was much quieter, and great conversations were easy to find. Those days are gone forever.
I want Biction to succeed "all the way", but that journey will not be easy. The establishment will fight back and the going could get rough.
Hopefully we will be flooded with a new group of honest people who have no intention of setting up more "failed companies".

Do you think the huge wave of venture capital will continue without big setbacks?
Are you "scared" that Bitcoin might actually succeed (and then have serious issues), or are you focused on the bright side?

I think a lot of the fear concerning BTC is that ppl are scared the price will shoot up before they accumulate enough. And enough is never enough.

For a complete success the FIAT values should "die" because the bitcoin is not compatible with this actual bitcoin system based in an high fee and corruption. However I think bitcoin will be a valid alternative for send a large quantity of money without the use of the banks.

Being truly indpendent is always the most difficult thing to do, especially if it's away from any government or other institution, I'm not too worried though, if these people who claim to be our leaders truly care about Democracy, then they willl let Bitcoin flourish on it's own and leave it alone as it harms no one and it is something purely participated in by choice. If they don't, then they are nothing more than dictators and frauds and I will gladly fight them.

bitcoin had potential til the VC types came along, don't see how anyone would consider vc's as positive, they are leeches that make bitcoin no better the the bank controls fiat....of course that plays into gov hands so thats where btc is heading anyways.

most people consider btc success vs its price in USD  :-[ so as a fiat maker well u'll get the success as a currency success will never come for it.

:D

The ones who actually win elections are the ones who are willing to win/gain by any means necessary (or puppets for the use of such ppl). They don't know us or care about us any more than we know or care about them. They do care about money, though, b/c that is something they very much know.

I know, but I'd like to give them a chance and see for myself, if they're going to fuck us over like I bet they're planning to I'll gladly cause some chaos for them, I don't care for a hypocritical society and the people who vote these scumbags in are bad enough.

They build the infrastructure through providing necessary capital, startup expertise, connections, etc. They are accredited investors who are allowed to invest in private companies, unlike most ppl. They also provide confidence in BTC through the very fact that VCs are the ones who make careers out of betting on future technology. They also tend to invest long term instead of dumping for a quick buck. How are they not a positive thing?

as many here may know already irl i'm part owner of a company that raises capital for companies wanting to be listed, in our industry we KNOW vcs across the board are leeches., they are renowned for trying to make the quick buck.

we know most the tec crowd get delusional when vcs come along..

So is it better for global BTC adoption if Sand Hill Rd. and Israel just stay away from BTC companies and instead, those companies only contact you? Or is it just better for you?

I think the definition for success is variable. For many bitcoins success means it becoming it's own stabilized currency not being pegged to another external fiat value. I would love to see bitcoin succeed but I don't think I am ready for something this drastic.

Why would we be scared it will suceed? We should be scared that it wont and I think progress is severely going to be hampered by the reluctance of the general public to adopt it. I believe its use as a currency will grow over time but very slowly. And what do you mean by "setting up more "failed companies"". I think most bitcoin based companies don't get set up to fail unless they're a scam or something.

Not that bothered about vc's but I suppose they are a necessary evil for bitcoin's adoption.

I'm sure btc will succeed, whether or not it replaces $$$ is anybody's guess. One thing's for certain, the powers-that-be aren't going to give up their fiat system without a fight.

Sure there will be setbacks, there are always setbacks, but I think Bitcoin has real potential to succeed. Still that will only happen if it continues to evolve as technology improves. That way it will ensure it's survival and most importantly thrive.

Why would I be scared? Its not that it "might" suceed. Its already on the right path and its done more than succeed. Its survived numerous tests in my opinion.

I am scared because I will no longer be able to afford it without fear of coming back to $200 again

Don't know what you actually meant by saying "scared", but if you would say "excited", yes I am.
There are actually many reputed ventures who are adopting Bitcoins as a method of payment, and so seeing the dark side only doesn't make sense.

I'm read for it, always loved technology, it revolutionize the we live.

As far as I'm concerned every day the bitcoin network is online bitcoin has succeeded.

I'm afraid this forum might succeed.  ::)

I feel the same.
BTC had many ups and downs in the past, so nobody can predict what will happen in the future.
Hoping the best :)

True, but what was once a success can become a failure, though people have differing opinions of what is a success or a failure. Even if bitcoin fails or collapses at some point people may still think it was a success because of what it achieved.

Yeah, I'm scared it's going to succeed in China a little too well and not succeed in other parts of the world that really need it. The Chinese are setting the stage to be the worlds Bitcoin miner. I don't know if that's bad or not. The U.S. is becoming fairly ambivalent toward Bitcoin. They seem to be against it and want to regulate it to death while arresting people for trading Bitcoin but commerce seems to be the best in merrica. Europe seems to be taking to Bitcoin pretty well, that's good. Some countries seem overly scared of it like Russia and I don't understand that. I'm kind of scared that Bitcoin will succeed itself out of existance from lack of participation in some areas.

I think that price of bitcoin not  the point of this discussion. I think it is rather about social and financial changes that bitcoin will bring when more and more people will start using it.

I am not scared of bitcoin I am scared about the "bag holder" aka early miners/adopters. They can ruin all in less than one month. Bitcoin is a good technologi (blockchain) and I think it will succeed for sure.

The only thing I am afraid of, is that BTC will go >$1000 again and I will only have 0.02BTC to my name :P

There's only one person that could crash Bitcoin to nothing and I'm convinced he's dead.

I don't think he will dump all his bitcoin, after has created this "currency" (peer-to-peer electronic cash system). He will be very crazy if he will do this thing. Bitcoin will succeed only when all the governments will "shut down".

We should all focus on the bright side, positive thinking, the self fullfilling prophecy. Bitcoin has a bright future, but it is still a future, the present is still a primordial soup of trash and gems. We should be polishing bitcoin so the future will look bright for bitcoin and for those who can profit in daily life of the blockchain

Please, please shut the fuck up. Every one of your posts I've read has been stupid as fuck. Companies around Bitcoin is what helps grow the currency. It's what gives Bitcoin it's economy. Without VC's, Bitcoin would be nowhere and going nowhere.

I'm just gonna put your dumb ass on ignore, cause reading your ill-thought out, retarded ass posts makes my blood boil.

The thing is, most of the people are concerned to the price of bitcoin alone, and not for the whole of bitcoin. Whether or not it will succeed, the main concern of most--if not all--the people who use bitcoins is the price.

And the truth is, governments wouldn't simply "shut down". It would be very hard too to cope up for the changes it might give. Admit it, most of the people nowadays can't live without the government.

no need to be scared. once we don't use the term 0,01btc anymore every one will count in bits.
then no one have to be affraid of no longer being able to afford it.
but before the change make sure you hold enough coins to be happy with.

I just hope bitcoin doesnt get few other mega bubbles that burst too fast, it is nothing but wrong in the longterm.
Also, i am scared that it will take off too fast, not allowing us to grab enough before the prices excees our abilities, before corporate money gets involved at large scale.
Doubt it will ever replace fiat in true meaning of the word, but it can live symbioticaly with it, giving the people a choice, a freedom to choose how they want to store their value.

cheers

I agree with dothebeats , but maybe this time we will be victorious. We are really very annoyed of this crisis and bitcoin would be a "sword" for hit this economic system (based on corruption).

I honestly don't think "establishments" are personally out to spite the innovations of others. For me it's the belief that a lack of knowledge/education is the reason for most of the backlash.

That's true for our community, too, as a lot of us don't know the ins and outs of the bureaucracies that decide on what policies move forward.

There will be issues with everything. If we were scared bitcoin would succeed, then we wouldn't be in the movement, and large governments would not be giving it the attention and clout it's already now receiving.  

I am anxious, not scared. And i remain convinced that the success of btc is inevitable

There has always been a dark side for everything and will always be , though we tend to ignore the dark side in things we like .
Most people do not accept it but it's true.
The more companies coming and announcing to adopt bitcoin is sure giving bitcoin a boost but as soon as they crumble , they bring btc with it .
But let's not think about the price for now , though price does/will matter but let's look at the bigger picture.
How easy would it be if you are in a line , you don't have change and you could simply pay with your bitcoins. Let's hope for that :)

I don't know about the rest here, but I definitely don't have doubts when it comes to the future of bitcoin and whether it can succeed. The only thing I'm afraid of right now is not getting the opportunity to buy as many coins as I can afford before the price actually shoots up too high for me to get a good bargain price.

in certain sense you are right.

if Bitcoin succeeds some good things will disappear, like the relative anonymity and some easy ways of making money

I believe it would take a lot to get to that point, although am I scared? No, not at all. The World is craving change.

No, I'm not scared, because I have a few BTC which will provide me a bright future. It is the billions of people who don't have any BTC who should be scared.

If you where living an ok life and found you had a billion dollars to your name would you not use a little bit of it? Not saying he would ofcourse but he has a lot to him and no one knows truelly who he is.

LOL, yeah because what happens in this forum sets the tone for the future of bitcoin....

 :D

Your title sucks, it should read: I'm a long time permabull losing my grip, PLEASE help!

LOL.. ;D

For real though... You've been around for long enough to know where Bitcoin is going. You've seen all the threads, heard all the arguments and you still know that bitcoin is the future so suck it up.. This forum sucks, its's never gonna be what it was and soon it wont be needed at all. Bitcoin has already outgrown this forum over a year ago. You shouldn't be making decisions based on the lack of good quality posts/members here. Its a fucking cesspool and the leader of the pack Sir Theymos doesn't give two shits about the forum or it's users.

So am I scared that Bitcoin will succeed, Hell no.. Only ones who would be, are the few that have not bought in yet and are waiting for the train to leave the station prior to buying their tickets. Those are the ones who are worried and should be scared.

#BitcoinToTheMoon

No, I'm not afraid at all.
I never shared the dreams that bitcoin would end corruption and economical freedom to all. I think if it indeed reaches massive adoption it will allow governments and people to do much of what they do now.
But there are two aspects that I think make bitcoin worth succeeding:

1 - bringing back the gold-pattern; no more injecting money by central powers
2 - quickness and ease of use; end of fiat, making everything so much simpler

Bitcoin has already succeeded. Look around.

if other peoples opinion on the internet makes your blood boil, you my friend need to turn your internets off and go out get some clean fresh air and lighten up :)

please lay off the personal attacks you're only making one person look dumbass here  ;)

Not scared at all, hoping it will succeed, this is a great technology enabling individuals to do business freely on the Internet, it has some cons, like everything else, but they sure are surpassed by the pros.

There will always be setbacks in the midst of positive growth. The thing that scares me the most is too much growth at once. Sometimes too much growth in too short of time can cause everything to implode.

Im not scared, and I know it will be a succeed. All of the problems need to be addressed before it gets flooded with new people, such as the fork issue.

This thread kind of reminds me of another thread (http://bitcointalk.org/index.php?topic=180798) that was posted a while back. In it, the OP expressed his concern that a future where Bitcoin succeeds might actually be rather bleak. I can't say that I agree with his views but it's an interesting (although rather long) read.


Bitcoin isn't pegged to the US dollar. It is traded against the dollar but then again, most, if not all, currencies today are traded against the dollar and other currencies too. What differentiates BTC from USD or GBP is that it isn't its own unit of account since we don't actually price things in BTC. Unfortunately, Bitcoin's price volatility means that we'll probably be pricing BTC in USD for a very long time.


The success rate of companies involved in the Bitcoin industry isn't pretty. In addition to Mt. Gox, most Bitcoin and general crypto services that are more than a few years old have failed. Think of MyBitcoin, inputs.io, Bitcoinica, Bitfloor, etc. Some were scams, some were hacked, and others were shut down.


I was always surprised at how friendly the US and other governments of the world were, and still are, to Bitcoin. The government absolutely hated E-Gold which, like Bitcoin, was a payment system that positioned itself as being "electronic gold".


The Bitcoin network did encounter some significant problems early on though. Fortunately, whenever an issue appeared, it was quickly fixed after being discovered:



Even if Bitcoin's market cap reaches hundreds of billions of dollars, people will still have the choice of mixing their coins or using Dark Wallet.

It will have succeeded, for me anyway, when:

-Fully implemented
-Secure
-Customer-friendly, easy to use

So I'm not scared. I'd rather it succeed than fail, but I'm also realistic.

What do you consider to be fully implemented though?

I don't know yet. I'll just keep an eye on how things go for now.

Are you "scared" that Bitcoin might actually succeed? Am i scared of potential freedom? No i am not scared of either it is time people become their own banks and become brave stepping into the unknown :)

Attack On Arizona's Internet Was the Beta Test for the Implementation of Martial Law (http://www.shtfplan.com/headline-news/attack-on-arizonas-internet-was-the-beta-test-for-the-implementation-of-martial-law_03012015)

http://www.shtfplan.com/headline-news/attack-on-arizonas-internet-was-the-beta-test-for-the-implementation-of-martial-law_03012015




So, let's look forward to Bitcoin as a winner. But, let's also, get practical as preppers.

:)

No.

Surprised this hasn't been posted yet:

http://lifeboat.com/blog/2013/04/bitcoins-dystopian-future

(author: https://bitcointalk.org/index.php?action=profile;u=3313 )

Bitcoin is a horrible money transmitter if low transaction fees would ever become a real threat to the banking sector, banks would simply lower their fees to match, and find other ways to make money off of you. If Bitcoin becomes an significant part of the economy the need for extreme decentralization will be less. In such a situation the government cannot attack Bitcoin anymore without harming the economy.

Why should I be scared? If it succeed I will be happy instead.
It is an success already, but not everyone knows it(like the internet back then)

Yes, just like when bitcoin first came out in 2008. People never have enough of what they wanted. If bitcoin did succeed, that would be good for those who have an abundant amount, but for newbies it's going to be very hard.

I will be happy when Bitcoin is fully mainstream and accepted by all mainstreet shops that way I can buy good products and food where ever I am within the UK and around the globe. The sooner this happens when more and more shops accept it and I can go down to my local cig shop and say id like to pay by Bitcoin would be amazing and give me and many others freedom to spend BTC as we please.

yep ... i want buy food, too ... with bitcoins !  ;D

I am not scared if it succeeds, why would anyone be scared?  I am assuming most people have something invested into Bitcoin, well all of us here do, if not money at the very least it is time invested.  There are a lot of hiccups that could happen but I guess you just have to roll with the punches and hope for the best.  I am hoping Bitcoin takes off this year, I would love to actually have some coins and see it take off.  I missed it the first time around so here is hoping!

They have been fighting back since a couple years back. I hope it will one day succeed, yet I don't think it will be alone. Quite a few of the alts will become established as well. Not really a way around it. I realize that LTC will hold its own and maybe something like DRK.

I would actually like prices to stay low for the next few years so that I can accumulate.

Why would I be scared? It would be amazing to be able to use my Bitcoins everywhere...

indeed , we're greedy bastards :(
Op , why would we be scared of bitcoin succeding ?
i have no doubt bitcoin / some other cryptocurrencry will take over the world's economy by year 2030.

You still have plenty of time as a newbie to amass a decent amount of BTC and call yourself a pioneer, this low price is a great opportunity.

That's right there is no reason to be scared, there is no reason to be scared about anythin in life. It will not be long until it is everywhere so hold on :) I give it till this summer before it starts picking up faster than ever.

I'm too focused on the bright side I guess, as a bitcoin holder.

Yep I think trading will pick up alot this summer, hopefully bringing the price to 500's. That would be amazing.

i think crypto currencies are here to stay.  no doubt. 

the greater the success achieved, the greater the challenge that will hit it :)

Positive information as progress occurs then people will deal with it differently.

I am somewhat concerned that as a result of mass adoption Bitcoin will become over regulated and you won't be able to use it as freely as you can today. Some bad things that could happen as a result of regulation:

- government sponsored blacklisting/tainting of coins and addresses
- license required to trade and exchange
- license required to mine
- license required to run full nodes
- registration of addresses used
- ban criminals from using Bitcoin (it's already illegal to be one - so don't drag Bitcoin into the picture)
- changes in protocol to support some or all of the above

If Bitcoin did end up evolving into a regulated cryptocurrency that everyone uses I would not consider that a success.

How ever scarey this sounds if you take the stock market as a base line example you will find that you are probably right that started with not many regs but look at it now :o

Is it right hell no and if it does that will be the end for me at least, because i will not hang around with those regulations.

To add though i to can see them coming as well, i suppose we do need a few regs but i would aim them at some of the businesses that hold our coin not us individually this will be another attack on our rights and i hope we will all step up and say f no to these financial bullys.

We are a group that is most likely to and they probably know this, have to add though some will like these regs and being controlled.   

"Are you "scared" that Bitcoin might actually succeed?"

Why will I be scared of it ?

Correct. We are all here for Bitcoin's success right?
We are here because we believe that Bitcoin will create a major change in the world and we want to be part of that change right?
Then why should I be afraid?

I think bitcoin will succeed, albeit possibly not the way we want it to, but with new technology slowly comes widespread adoption. I think Bitcoin is taking this change for the better.

Nah, Bring it on :)

It is the problem of expectations about bitcoin. Does success mean just high profit for holders and the game is over, or it is all about convenient and mass adopted, decentralized tender, no matter what price it is? 

We have had a lot of good news recently and by summer more people would have adopted it, i am not sure about the price though just the amount of people interested in it which to me is more important for the long run because that will create demand and demand and need is what leads to the market giving it its value. $500 this year may well be possible though, fingers crossed for a good year.

Lol yea, I thought about this several times. I hope I get enough before it is too late.