Bitcoin will never become a useless, many transaction bitcoin is the number 1 used, and thats why bitcoin never become a useless, try to understand everything in crypto.
Bitcoin is actually the top rated coin in the world of crypto currencies and there is no other crypto coin which is having this much of worth as is of the bitcoin. Bitcoin is not at useless in any case. In fact, it is one of the best thing this world has come to know and it is really playing a very constructive role in making this world far better economically and financially. It is also playing a key role in eliminating the poverty and unemployment from this world. Bunch of useless words with no concrete utility. Typical Bitcoin "it has price, but it useless". Typical ponzi game. If you are claiming bitcoin as useless coin in term of spending it in order to have different sort of things, then for now you may be right. But in reality, bitcoin is not at all useless as there is a huge number of people who are busy in changing their lives and that too only because of bitcoin. Bitcoin is the next big thing this world will going to see and it will make wonders to this world. We just need to wait and watch. Again, no utility, just useless combination of words with no backing facts. If some one says "wait for wonders", it sounds like typical ponzi game. |
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I respect your point of view when it comes to bitcoin. It wasn't entirely useless if a lot of people are benefiting from it. A lot of people get rich because of bitcoin and I think it is quite rude to say it was useless.
Yes I agree with you Sir.Bitcoin is not useless if you know how to use it and it really helps alot of people with regards to their financial problem.You can rely in bitcoin that is why many people invest on it because they find it very useful and it is really good for long term investment so for me bitcoin is not useless and it never will. I think the bitcoin will go on and there will never be a word of vain, so the bitcoin will still be crazy until the bitcoin is alive, because every day the bitcoin users are always on the increase. Bitcoin will always stay helpful and it will never end because bitcoin is getting more attention of people day by day and people are knowing about it and that day is no far when bitcoin will be declared s the global currency of world and those who will be already on side of bitcoin will be blessed and those who will not will buy bitcoin at quite higher prices and all this will happen in coming 5 to six years and it will be awesome. People only know that price grows, the rest is pink dream that requires centralized effort and government control. |
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Bitcoin will never become a useless, many transaction bitcoin is the number 1 used, and thats why bitcoin never become a useless, try to understand everything in crypto.
Bitcoin is actually the top rated coin in the world of crypto currencies and there is no other crypto coin which is having this much of worth as is of the bitcoin. Bitcoin is not at useless in any case. In fact, it is one of the best thing this world has come to know and it is really playing a very constructive role in making this world far better economically and financially. It is also playing a key role in eliminating the poverty and unemployment from this world. Bunch of useless words with no concrete utility. Typical Bitcoin "it has price, but it useless". Typical ponzi game. |
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Few points were made here that are unfair:
1. Bitcoin is a first one, its revolutionary and so on and so forth, wrong, Bitcoin is a client that is build on top of practices that were developed and test long time before Bitcoin e.g. Proof of Work, Hashcash, eCash, bit gold, Merkle Tree, Peer-to-Peer,Byzantine fault tolerance etc.
2. Bitcoin is still in development and it needs a time and so on and so forth, really? its a 10 years old technology. Its usage is very easy predictable, no rocket science here. Scailibility problems were addressed long time ago. But like in every corrupted government, Bitcoin has biased devs, greedy miners and exchanges driven by capitalists. Why to care about tech? When everyone is just become wealthy on nothing. This is why its scam and this is how it become useless, because everyone only cares about price, not utility on day-to-day basis. Typical ponzi game.
3. Bitcoin is store of value, fake as is. Everything that has Blockchain underneath is store of value, Bitcoin is neither exception nor unique here. And again it has no value, because there is no utility. Remove exchanges from equation, and tell me how much BTC will be worth 1 pizza?
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I think you have blind faith in xrp, you should accept the fact the price of xrp will not increase again. Many people are abandoning and selling it as quickly as possible, many traders expect the price of xrp will return to 2500-3000sts / xrp in the next few months. You should think carefully and make the right decision before it's too late. Maybe they could end up with at least 50% of the supply between public trading and private purchases directly from Ripple
No one gives a shit about your BTC satoshi, right decision is to ignore you! |
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Ripple - 10k$ per coin? Topicstarter, you are really crazy!
New cryptocurrency creators usually only keep a fraction of the tokens for themselves, pre-selling the rest to anyone that wishes to buy some. Ripple, however, still owns about 60% of the initially issued tokens. This raises a few issues.
How that stops it be 10k per coin? |
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Interesting to see how people will be using Coinbase payment channel to transact through LN. It will be something "its LN centralised, not Bitcoin". Will it mean that people to go back to on chain transaction?
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We have different point of views and i respect yours. But if you are benefiting from it, you will not say that it is useless. Maybe it is just based and depends on how you interact with it.
I guess what the op saying is that bitcoin is useless compared to other altcoin which has the function of bitcoin but improved ones. And the reason for bitcoin price spike is that many people wants to invest on it with knowing what actually it is and also for believing that the price will go much higher. Im sad because they forget the main objective of bitcoin which is to transfer money peer to peer. Exactl6 |
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The other one who faild somewhere and want to cry how bitcoin useless is  Haters gonna hate shortly. But for many people bitcoin is the reason why they still getting a lot of money. Need more posts like this, fully shows Bitcoin uselessness |
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I am amazed with number of people being fooled with BTC:
1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.
Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.
BTC is scam of the century, stay away.
I agree on some of your points specially on number 1 and number 2, also most users recognized that Bitcoin is not the best technologically speaking among the crypto market, there are other coins which is faster and cheaper. Calling it a scam is an exaggerated point of view. If Bitcoin was not created possibly there could be no altcoins. 3. Development team sucks, uncapable solve scalability issues for years - I somewhat agree with you in this one. 4. Its not anonymous, every solution to make it, failed so far - it depends on the user 5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox ) - possible but hard to prove because of anonymity as of now this is what conspiracy theorist would say. 6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC - ECON 101 Value is based on utility and scarcity - bitcoin has both trait. 7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils. - same reason with # 6 8. Its not insured, If some crap happened to your BTC, its gone. - Unfair to say it to bitcoin because all coins are like that. ECON 101? Really? The only utility for Bitcoin in nowadays is being Store of Value, its definitely not for payments. Scarcity, read #9, its not that rare. |
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Everyone is amazed of why I called it useless, well, recently Stripe dropped support for Bitcoin payments. This is the prove of Bitcoin being useless. Stripe was not the only one in recent months to do so. It should ring a bell.
While its obvious that payments are not for Bitcoin at current stage, everyone speculates about being Gold 2.0 or something similar, what does it mean at all?
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Traders benefit from Crypto-Currency's prices in general. And after a day's work the profit is converted to fiat or Bitcoin... (A good part of it at least). Without Bitcoin there woulnd't be any other AltCoin at this point. Bitcoin is the original, the first one, it's normal people have more confidence on it than on any other AltCoin, right?
If Bitcoin succeeds (that is what it's happening), many other Crypto-Currencies can succeed as well (as we can see some solid AltCoins already).
Days work? What work? People now have confidence in other coins more than in Bitcoin, there is no measure here to tell % wise. And again, Bitcoin succeed in what? Its very naive to sit and think that everyone expects Bitcoin to succeed and than only alt coins will do. I'm saying Day's work as an expression in relation to the trader and his "trading job". After the trader benefits from Crypto-Currencies prices to make profit, he converts the money to BTC again to keep holding. On long term holders prefer Bitcoin, instead of AltCoins that are used to make profit on short-term. Bitcoin's success is being built on long term, a solid progress being built slowly. That is how I see the average Crypto enthusiast mentality at this point... What other coin do you think people have more confidence than in Bitcoin? Well I am not against trading aspect, its clear for me. I question other things that is used to praise Bitcoin. I listed 9 things, in 3 pages only was discussed transaction fee and put LN as cure of all problems. strange is not it? Are you really believe in magic? Well, Lightning Network seems promising... I'm excited to see how it will affect Bitcoin's transactions.  I believe in technology's magic.  As I said, the solid progress is built slowly, there aren't final solutions overnight. It shoudln't be a reason to be against Bitcoin. Anyway, you are free to think what you want and to invest in what currencies you want. Well this is my point, this is why it goes under scam category, because dev progress is in unaceptable state, but price grows and people buy rainbows, believe in them! This is long lasting issue. As this topic shows, most do not care about tech and value. All what they do, is buy low, sell high. Noone even can not explain mythical "store of value" |
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I am amazed with number of people being fooled with BTC:
1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.
Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.
BTC is scam of the century, stay away.
I respect your opinion, no one said bitcoin is perfect and nothing is perfect in this world, that is why we have so many altcoins, each creator tries to make a coin that tries to succed where the others fialed, and you as a user have the choice to accept them or not, the reson why people are using bitcoin so much is because it was the first cryptocurrency and they use it mainly for its price, but i would like to point out that centrelization is a thing that is always going to be there, if there is a resource or a currency that people are using and it is popular there will always be people trying to rush into getting as much as they can from it just to get profit. Exactly |
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What? Bitcoin is useless..This shows you are not analysis the bitcoin properly.The price fluctuations is very common in bitcoin,don't blame the bitcoin by seeing the dump of price.
What? Have you read at all? |
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Traders benefit from Crypto-Currency's prices in general. And after a day's work the profit is converted to fiat or Bitcoin... (A good part of it at least). Without Bitcoin there woulnd't be any other AltCoin at this point. Bitcoin is the original, the first one, it's normal people have more confidence on it than on any other AltCoin, right?
If Bitcoin succeeds (that is what it's happening), many other Crypto-Currencies can succeed as well (as we can see some solid AltCoins already).
Days work? What work? People now have confidence in other coins more than in Bitcoin, there is no measure here to tell % wise. And again, Bitcoin succeed in what? Its very naive to sit and think that everyone expects Bitcoin to succeed and than only alt coins will do. I'm saying Day's work as an expression in relation to the trader and his "trading job". After the trader benefits from Crypto-Currencies prices to make profit, he converts the money to BTC again to keep holding. On long term holders prefer Bitcoin, instead of AltCoins that are used to make profit on short-term. Bitcoin's success is being built on long term, a solid progress being built slowly. That is how I see the average Crypto enthusiast mentality at this point... What other coin do you think people have more confidence than in Bitcoin? Well I am not against trading aspect, its clear for me. I question other things that is used to praise Bitcoin. I listed 9 things, in 3 pages only was discussed transaction fee and put LN as cure of all problems. strange is not it? Are you really believe in magic? |
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I am amazed with number of people being fooled with BTC:
1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.
Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.
BTC is scam of the century, stay away.
I see that this have generated a lot of responses and its largely because it based on the assumption that you are a Senior Member of the forum. Even though you have the right to your opinion and decide to air it but I also expect that you should have been following the recent happenings in relation to bitcoin. While some of the problems you identified dont have current solutions, but the concluding that developers are just not doing anything is far from the truth because a lot are being done to address the current issue which is not limited to SegWit, Lighting Network etc. You are free to list that " a lot " |
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Everyone puts argument "store of value", what value? What you store?
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I personal like Bitcoin. If you think Bitcoin is not right for you. There are other alternative coins out there with cheap transaction fee.
right mate he is entitled to choose what ever coins he wanted to invest,no ones pusing him to love bitcoin (as bitcoin doesnt care about his perceptions)im wondering why he needed to put all the negative aspect about bitcoin,whats his intention doing this.as if someones paying this guy to put this sentiments here. OP we have all the rights for everything,specially for the coins we will suport,since for us its bitcoin w That can make us wealthier so just be it. I would love to be payed for that! I have intention, but it will be meaningless, as most people here admitted: Bitcoin is useful to support ponzi game, where one buy other sells. |
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