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Question: Which of these is your Bitcoin faith?
The MtGox bankruptcy issue isn't a big deal. They still has most of their fiat, and might be able to relaunch under new leadership. - 6 (5.6%)
MtGox is doomed, but so what? The community has already priced it in and anyways the market is bigger then MtGox. - 75 (70.1%)
MtGox is very bad news, and the Bitcoin community refuses to address the destruction of trust it causes for anything Bitcoin related in the larger world. - 21 (19.6%)
MtGox and the Bitcoin Foundation just prove that Bitcoin is one large con job, and it is just a matter of time before the whole thing collapses. - 5 (4.7%)
Total Voters: 107

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Author Topic: What is your Bitcoin Faith?  (Read 1247 times)
BreathOfZen (OP)
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March 01, 2014, 07:45:50 PM
 #1

Hi everyone, there have been several Bitcoin beliefs swimming around the forums lately, so lets take a poll to see what those beliefs are. Also, if you have a belief different to the ones above, post em.

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bitcoinsrus
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March 01, 2014, 08:46:50 PM
 #2

I believe in bitcoin jesus.  Thats my faith  Grin
Bitcoin is good but probably best to cold store rather then keep on exchanges (for long periods of time)
Wilhelm
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March 01, 2014, 08:56:41 PM
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I believe in bitcoin jesus.  Thats my faith  Grin
Bitcoin is good but probably best to cold store rather then keep on exchanges (for long periods of time)

Beware of crypto jesus he is a scammer!!!

https://bitcointalk.org/index.php?topic=492274.0

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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March 01, 2014, 08:59:25 PM
 #4

Praise be to Thor, Quetzalcoatl and Ganesh. And of course the god of coffee.

Look inside yourself, and you will see that you are the bubble.
roslinpl
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March 01, 2014, 10:38:16 PM
 #5

I believe in bitcoin jesus.  Thats my faith  Grin
Bitcoin is good but probably best to cold store rather then keep on exchanges (for long periods of time)

Yes indeed better to keep it safe. Online services are not 100% safe as we already know.
wobber
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March 01, 2014, 11:27:13 PM
 #6

Using a centralized entity to hold bitcoins, like online wallets and exchanges is a serious threat to bitcoin.

People are plain stupid to do that and now, lesson learned with Gox. Don't get me wrong, I myself kept coins there too long.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
roslinpl
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March 02, 2014, 12:02:25 AM
 #7

Using a centralized entity to hold bitcoins, like online wallets and exchanges is a serious threat to bitcoin.

People are plain stupid to do that and now, lesson learned with Gox. Don't get me wrong, I myself kept coins there too long.

well if someone is using cryptoexchange as a "cold" storage Smiley then it is not reasonable Smiley...
if you are a trader and you buy sell buy sell then I can understand it is easier for you to keep money @ exchange (but as we know it is not recommended)

Smiley Anyway... I was learned to not do that - to do not keep more that I can lose without a cry Tongue @ exchanges Smiley

there were many cases in a bitcoin history and mtgox isnt 1st exchange that suffered a problems.
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March 02, 2014, 12:07:34 AM
 #8

We need decentralised exchanges.  Badly.
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March 02, 2014, 12:11:10 AM
 #9

Mtcocks is a big fat "see - I told you so" symbol for the govts of China, India and Russia. Just because you didn't lose money and didn't like gox anyway doesn't mean it gets swept under the rug and on we go. I think there are going to be repercussions felt in the price and a rocky road ahead. And then there's almost a million coins noone knows what happened to. I hate to be so negative, but..
bitcon
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March 02, 2014, 12:39:16 AM
 #10

in crypto we trust
porcupine87
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hm


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March 02, 2014, 01:31:53 AM
 #11

priced in a long time ago. Markets are not stupid...

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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March 02, 2014, 05:07:23 AM
 #12

Using a centralized entity to hold bitcoins, like online wallets and exchanges is a serious threat to bitcoin.

People are plain stupid to do that and now, lesson learned with Gox bitconica. Don't get me wrong, I myself kept coins there too long.

fyp

Serge
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March 02, 2014, 05:16:00 AM
 #13

none of the above poll options. my faith in Bitcoin is unrelated to and detached from a single exchange
BreathOfZen (OP)
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March 02, 2014, 06:39:10 PM
 #14

Wow, so far the results are three bulls for every one bear.  It looks like even with MtGox the majority opinion is a positive one.

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roslinpl
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March 02, 2014, 06:44:06 PM
 #15

Wow, so far the results are three bulls for every one bear.  It looks like even with MtGox the majority opinion is a positive one.

sure it is. Because people here will not give up just because some shitty exchange bankrupt.

Smiley

There is something more in bitcoin than just MtGox.

I said it many times: there are going to be problems, there going to be more attacks, more people might loose their btc because of some malware etc.

This is normal.

And even with all of those crypto currencies will survive!
ElectricMucus
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March 02, 2014, 07:10:41 PM
 #16

We need decentralised exchanges.  Badly.

Meanwhile ripple gets demonized with the largest western exchange actually early adopting it. Instead there are a bunch of dirty hacks aiming to collude the blockchain "just because" - which still don't work.
The hypocrisy in this community is stunning.
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March 02, 2014, 08:38:48 PM
 #17

Indeed IN Bitcoin We Trust!

And I don't want to hear anything else Smiley

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