What I wish I could buy with BTC? A time traveling device!

The biggest barrier?... Well... Entropy?

Yes, you're right. But they show you profitability, they make fake calculators which calculates thousands of dollars you will earn. But in fact it's all fake. 

Wow. I've been involved with bitcoin for almost a year now, and owned my own businesses for 18 years total. I've not spent a lot of time here, but I have found it valuable for news, info, and personal views. If you epitomize the elders here though, it's no damn wonder people in this thread feel the way they do!

Obviously you have no idea what an adoption rate entails, or all the socioeconomic factors that have to come together in the market to actually be a success, let alone with a brand new technology (Internet Protocol) that is in many ways, creating a whole new market. I think it's best you post less in circumstances like this.  Or you can continue cutting your nose away to spite your face, a tiny little bit at a time.

I mean, what the hell do you think the primary purpose of a forum is anyway? Here's a hint; it's not so you can see your words in public, show off to others that could care less about you, or an opportunity for you to be condescending towards someone else, while in some weird way make yourself feel better or empowered.

This goes for others here, that do the same thing.

The OP said slow adoptive rate not slow value growth.

BTC (and other cryptos) have a slow adoptive rate for a few reasons. Here are a few:

1.) It is still really confusing and not newbie/computer newbie friendly. Go ahead, try to teach a 50-year-old about bitcoin in 5 minutes. You can teach a person everything they need to know about a credit card or checking account in 5 minutes, easily. Bitcoin takes hours and many follow-up sessions.

2.) It is still plagued by scams, frauds, and technical issues. The average joe can't be expected to constantly follow forums and reddit threads to learn of when some new exploit is discovered and the wallet needs to be updated right now or you risk losing your coins.

2b.) Updating the wallet properly (including backing it up beforehand and in some cases re-downloading the blockchain) is confusing and scary to newbies and the not-so-computer-literate.

3.) There still isn't a compelling reason for anyone to switch from primarily using fiat to primarily using BTC. It's generally confusing, it costs money (fees and such) and it is risky to acquire, hold, and use BTC (and other cryptos.) The majority of people involved right now are all investors in one sense or another, who are willing to take the risk only because they believe they will make a lot of profit.

3b.) If you disagree with the above, ask yourself - if you were to convince someone to start using bitcoin for the majority of their financial transactions, what argument could you make, other than "it will go up in value so you can make money that way" ... ?

The internet always brings out the cowards.

I say, maybe consider that instead of starting a war with the internet machos, you might be better served by ignoring them. 

What's your point with this remark? (Ok I don't get the arms wide pose either)... But at least he is transparent and bold enough to post publicly.

Right, you did take time to study up on BTC huh ?  


In Dec 2013, you came here asking how you can mine with your web servers.....then disappeared

4 Months later, in April 2014, you came back asking how profit is mining contract.

4months and you still didnt understand or know about mining economy.

Either you're lying about "studying up" or you're dumb as a door knob.



Now i know why you keep typing in CAPs like a retard to, look at you:

uhm -- did you bother to read my comment? I didn't say the article is nonsense. I posted the article because it supports my position.

EDIT: your above quote is confusing because you linked the zerohedge article I posted. Now I realize you probably meant the article you linked farther up, the one that looks like an informational landing page to a get-rich-quick scheme: http://ftmdaily.com/preparing-for-the-collapse-of-the-petrodollar-system/ No I didn't read that, but I don't need to in order to know the statement "we got tired of handling the world's gold" is nonsense.

Xenophobia?

More like Xenonausea.

Many times I have gone out of my way to help newbies who seemed genuinely interested.

But when I hear words like "Tulip" or "Ponzi" for the 10000th time, I just can't help feeling irritated and rolling my eyes. I'm only human.

Now combine the above with the fact that most people on this forum are young males who have not been trained in customer service.

It's hardly surprising that they are not always nice to newbies.

I don't think it's a big issue. Moderate growth is our friend.  If you can't think of a strong reason of getting into bitcoin, and "bad customer service" is all it takes to scare you away, then you probably shouldn't. At least not at this stage. Bitcoin 0.x is not ready for the mainstream yet.  

i don't care if they invent skynet, there is no way they are going to be making 35 times more money which is what they need to do in order to get a P/E of at least 15.

Which part is historical fact, getting tired of handling the world's gold or moving to the petrodollar? I can agree with the latter but certainly not the former. What are we, gold box boys at the supermarket? If we're so tired of handling peoples' gold, which by the way consists of moving a sticker from one stack to another while the physical gold doesn't move, why is our response to Germany upon request for their gold back, sorry we can't give it to you all at once, but will instead stagger shipments over several years?

http://www.zerohedge.com/news/2014-01-19/germany-has-recovered-paltry-5-tons-gold-ny-fed-after-one-year

We got tired of handling other peoples' gold. What a bunch of nonsense.

Interesting explanation.

So is it even possible for a company to profitably offer their customers a non-money-losing contract? Perhaps maybe in the future when mining industry matures?

Just trying to figure out whether the "mining contract" business model is even possible to legitimately and profitably offer?

I'm not saying the FAQ will answer every Bitcoin-related question under the sun. I'm saying it will list all questions that have been 'already been answered on the forum'. If you don't find your answer there, use the search button a couple times; and if you still don't find a satisfactory answer, sure post it. We're glad to guide you.

I am not ready to believe that every question that comes on the forum is thrown into the dustbin right away. That's not how this forum works.

yes ooh mighty lord, i shall stroke your ego, i shall follow you to the ends of the earth dear lord.
bless you for returning to earth after 2000 years.

... now STFU and crawl back under your bridge

Well... you 're right here. When I joined as newbie, I also went through a lot of frustration the same way. On the other hand, think of the people who have answered the same questions over and over, with utmost dedication and have spent hours (or even days) of time on forum answering such questions on forum and they still see the same question being posted all over the forum on daily basis from newbies who would not like to search or browse the forum. Surely they also have 'real life' outside the forum same as newbies who post the questions, right?

So what I'd like to propose for both kind of people to be happy is develop a 'Grand Bitcoin FAQ - The Newbie Version' and pin it. Compile the most frequent newbie questions that have already been answered on the forum and list them under one thread. And let every newbie on the forum go through it. Maybe we can also work out some notification which alerts a newly joined member to first go through the FAQ topic before they can post any new topic.

Sounds like a plan?

thats a 25% rate. my rate of starting topics is 1.48%

meanwhile noobs make new threads instead of searching old topics and asking their question on those old threads or updating those old threads with more recent info, to make it easier for other noobs to find such info all in one place.

instead they make new posts to attempt to appear like they have discovered something to try not appearing noobish by trying to put their name against something in an attempt to show they knew something first, before anyone else.

this last 3 months there have been dozens of threads about china, dozens about gox, dozens about shrem and people still ask questions about all three topics. all because people would rather not search and update single threads. but try to put their name against a new thread, to appear masters of knowledge discovery

iGROWyourBiz has an ego trip. take for instance his message history. atleast 15 of his 70 messages are thread starters. where he is the OP.
thats a 25% rate. my rate of starting topics is 1.48%

also the topics iGROWyourBiz has written are in the majority, been talked about many times before. yet he has not taken the subtle advice to search before he speaks. instead he wants to pretend he knows more, has discovered things first. and not be treated like a noob.

and then also ignore the subtle hints that posting info on topics that already exists is not helpful for other noobs. which makes him a bad customer service rep for the company known as bitcoin which he is the director of (there, i gave him the title he so badly seems to need, may he now live in bliss as the new god of bitcoin)

i find it funny that noobs becomes insulting when information is not handed to them on a plate the instant they ask. oh and handed to them politely like a 5 star restaurant waiter would. hopefully all noobs would realize that they have not paid for any professional consultants services, and as such should not expect professional responses.. but to expect human responses.