At what point did you realise that Bitcoin was a failed project?

[ultrloa]

Do you remember exactly when you realised Bitcoin had failed as a cryptocurrency. What was your thoughts around that epiphany.

What in your mind would it take to fix bitcoin, so its no longer too slow and expensive to use.

Is there any hope for Bitcoin, or have you given up on it?

I don't actually realize that bitcoin is failed project since so far this coin is doing a great run for over the years although their are instance that I lose some money on my trades due to unfortunate event of bearish market condition but I don't really blame it to the bitcoin since I always think about its my mistake for being greedy to earn and look for another pump. That's why by now I'm trying to learn more even a single little movement so that I cannot miss anything and to possibly earn always on my trades.

[A62662]

Ok, i see, so for 99% of the users of bitcointalk, the only thing that matters is if the price of BTC is going up or not. That alone is proof bitcoin is a failed project, almost nobody is using it for what it originally was intended for. What more proof do you need, its right there in front of you  

Bitcoin has proven to the whole world that it has failed and failed hard, now the only thing its good for is as a ponzi scheme, and once the ponzi pops, then what, what are we left with after the bubble ends, a corpse of a crypto.

Being the first crypto is not necessarily a good thing 12 years later, now its just an old useless dinosaur. Dont waste your time and effort with this old crap, there are much better cryptos than BTC.

Bitcoin is now just as useless as the 12+ year old computers it was first mined on. Try using a 12+ year old pc today, its useless, just as useless as BTC is for paying in a normal everyday shop.

[EdgeoftheContinent]

Ok, i see, so for 99% of the users of bitcointalk, the only thing that matters is if the price of BTC is going up or not. That alone is proof bitcoin is a failed project, almost nobody is using it for what it originally was intended for. What more proof do you need, its right there in front of you  

Bitcoin has proven to the whole world that it has failed and failed hard, now the only thing its good for is as a ponzi scheme, and once the ponzi pops, then what, what are we left with after the bubble ends, a corpse of a crypto.

Being the first crypto is not necessarily a good thing 12 years later, now its just an old useless dinosaur. Dont waste your time and effort with this old crap, there are much better cryptos than BTC.

Bitcoin is now just as useless as the 12+ year old computers it was first mined on. Try using a 12+ year old pc today, its useless, just as useless as BTC is for paying in a normal everyday shop.

Not really sure how bitcoin is a ponzi considering a ponzi would not allow a open ledger. And in a ponzi astronomical returns are guaranteed where as in bitcoin most people will tell you that it is a volatile asset that has the potential to lose your entire investment. So while you might not think bitcoin is a good cryptocurrency saying it is a ponzi scheme is ignorant. I buy plenty of things with lightning network so while you may be unaware of tools that allow you to use bitcoin everyday doesn't mean everyone else is the same.

[avikz]

Do you remember exactly when you realised Bitcoin had failed as a cryptocurrency. What was your thoughts around that epiphany.

What in your mind would it take to fix bitcoin, so its no longer too slow and expensive to use.

Is there any hope for Bitcoin, or have you given up on it?

Show me a single object/innovation/matter/technology that doesn't have flaws! I will then take your argument for further discussion! There is definitely rooms for improvement but that doesn't mean it has failed as a cryptocurrency!

Bitcoin is the first ever cryptocurrency created on the face of earth so it's a crime to think that bitcoin wouldn't have any flaws! If you think it is slow and expensive, please adopt Lightening Network and these issues will be solved for you!

[NeuroticFish]

so its no longer too slow and expensive to use.

This is BCashers narrative. The blockchain tech, if it's properly decentralized, is getting expensive if it's being used heavily. PoW is expensive too. And if you want it fixed, it's extremely easy: go for any worthless altcoin, those will be cheap to use; and especially if you go for one that's also centralized, you'll get fast confirmations too.

Now, at least the cost part, that's not much of a flaw, it's a feature. Bitcoin success relies on greed. This makes so many miners mine it and make the blockchain more secure than any other coin's, this also makes people hurry and pay huge fees for the transactions in order to not miss whatever market movement. You seem to have forgotten that 1-3 sat/vByte was just fine before this new bull run/FOMO bubble has started.

Also you seem to forget that in many cases there are options to avoid on-chain transactions, which is the usual advice in this kind of situations. This means altcoins or LN. This approach fixes the speed and fees for many (especially the withdrawal fees from exchanges, which are in most cases bigger than tx fees). And before somebody jumps and tells "then why don't use <whatever> altcoin only?", remember that without Bitcoin success, most/all altcoins would not exist, remember that your altcoin is most probably not accepted in the shop you want to use it, remember that your alcoin's price cannot compare with Bitcoins (and that's why you are actually using Bitcoin, no matter what you are saying). And remember that you are free to use what coin you want.

And if you still don't get it, then you don't want to understand and I wasted my time explaining it for you.