Back when I joined bitcointalk at the end of 2010, the level of the discussion was consistent with many bright people contributing and a high "signal-to-noise" ratio, at least from my perspective.
Lately as I read over what is posted in the forums I'm struck by how much things have changed. The level of discussion has fallen on at least two scales: maturity and intelligence. Now the average poster seems to have the maturity of a teenage boy and at best an average intelligence[1]. As a result, the "signal-to-noise" ratio has fallen so far that the amount of useful information I can find here is heavily outweighed by the time required to sift through it. And this is despite heavy use of my "ignore" button.
A lot of arguments can be made for having a space where people can share ideas where no one is excluded (other than known troublemakers). I don't think this should change. However, I would like to see in addition to such inclusive spaces some exclusive spaces which are by invitation only. Such spaces could draw from public bitcointalk forums through inviting selected members based on their posting history or other achievements (e.g. Bitcoin developers). Bitcointalk would be a natural place to host such private subforums, though there is no reason they could not be run elsewhere as well. This approach has proven worthwhile in other venues, where exclusivity either via an invitation-based system, or through membership fees generally results in a much higher qualilty of discourse.
In the meantime, I think I will limit my use of bitcointalk by creating a few bookmarks to a handful of live threads until I can find a new bitcoin community I am not ashamed to be a part of.
[1] Although this is a subjective claim, I believe it can be independently verified because of the high correlation between intelligence and vocabulary (typical correlation coefficient is 0.8 ). Thus if one compares the level of vocabulary used in years past on bitcointalk, I assert that it would be considerably higher than it is today.
Edit: Mods, please feel free to move this to the Meta subforum if you feel it's appropriate.
You seem like a boring pretentious douchebag. That said, I think the donator's/VIP's have their own private section of the forum. |
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lets hope this drop scared the shit out of wannabe investors/specs.. to stay the fuckk out of btc.. so that it can find its true value...
buy !!!
You realize that speculators and investors are what provide liquidity to BTC market, right? |
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bull trap
Be careful with your money, people.  |
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People can't say they weren't warned. |
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I see no one has learned their lesson yet, people are already buying it back up into triple digits...some of you are gonna get burned (again).
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after an increase of 100% also in just some days?
Don't tell anyone, but thats how bubbles work.... |
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I don't understand why people call this a crash.
Maybe the 75% drop in value within 2 days? |
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Investor confidence is shook, this thing is going down....how fast depends on whether or not there is another exchange or protocol screw up.
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moral of the story: smart bulls always win, i-told-you-so bears dont earn crap. congrats  The bears locked in their profits while everyone was still going on about the mythical $1000 bitcoin.....it was the bulls that had to catch a falling knife (and I guarantee there were a lot more losers than winners). |
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Old Timer checking in to the survivor thread....
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I was promised Single Digits!
Just a little longer....I dont think we are done going down yet. |
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I'm willing to mortgage my shirt and my mother's shirts to buy at $10 (now regretting not having done so back when it was last $10) so single digits will be difficult.  People were saying that about sub $100 prices 3 days ago....  |
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Come on in and give it up for proudhon, me, daily anarchist, and all the others that tried to warn you, we'll be watching this thing slide down with popcorn in our hands!! (maybe next time youll listen)
+me, lucif, adam getting shouted down sucks  but bulls and bears are friends, guys, you wouldn't make money without the other Added you guys to the OP.....and you are right, we all need each other |
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To be fair, I respect bears, it's only the "single digits" stuff I snigger at. The long-run bear scenario I envisage for bitcoin would be basically $0 rather than, say, $5.
Single digits still aren't out of the question...I think the price will continue to slide downward for a while. One more big screwup from Gox, or a hack or something could knock it there in one shot, though. I think the speculators and true believers will keep this thing from going to zero. |
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Line up to get your "I told you so's" We told you this price rise was unsustainable, but the echo chamber shouted us down. We told you that buying after the $20 mark was risky, and we shouted even louder when the price hit triple digits.... but again we were drowned out by "new paradigm" and "up, Up, UP" talk. When we told you all to take profits while you could, you laughed it off. The bulls even tried to convince other shills forum members to leverage debt to buy in....well, where is that easy money now? Still a smart idea to spend those student loans on bitcoin? Still glad you took out that second mortgage? Come on in and give it up for proudhon, me, brightanarchist, arepo, lucif, adam, electric mucus, and all the others that tried to warn you...we'll be watching this thing slide down with popcorn in our hands!! (maybe next time youll listen) |
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I've been saying forever that the price was unsustainable, but the true believers around here shouted me down constantly. Now I think we are going to slide all the way down to singles before we see a real recovery.
Definitely not the end of btc (speculators and true believers will make sure of that) but Im pretty sure this run is done for a while.
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