I feel pity for bitcoin

[Nomad88]

I think the way to go is by using payment channels which can be set up as an address on the blockchain, and then used repeatedly off-chain.

Doing this with a properly set up network (the so called Lightning network) of intermediaries (who don't need to be trusted) will mean far fewer blockchain transactions - and another advantage is that payments are instant. If it happens, bitcoin would (and could) definitely absorb new users.

I'm not sure what the current status is. Last I heard a soft fork is needed to add OP codes.

I'd love it to happen - in my opinion, this is the smart solution to the scaling problem.

Isn`t it something similar to Xapo wallet doing? All internal transactions are confirmed instantly.

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[btcltccoins]

Well we cant compare Stamps with Bitcoins. and bitcoins are not dead. once the problem is resolved you cant think how fast its gona grow.
It just a matter of time and sooner or later bitcoins will dominate.

[thejaytiesto]

You should feel pity for Mike Hearn as he:

1) Sold his coins before the huge pump that's coming
2) His power grab attempts failed (XT is dead and so is Classic)
3) He will be remembered as the idiot that was wrong and joined the collapsing industry (banks)

When will they learn.

[btcltccoins]

You should feel pity for Mike Hearn as he:

1) Sold his coins before the huge pump that's coming
2) His power grab attempts failed (XT is dead and so is Classic)
3) He will be remembered as the idiot that was wrong and joined the collapsing industry (banks)

When will they learn.

yes i totally agree. the huge pump on bitcoin is coming this year. At least all the bitcoins holders should keep there coins save till that time and maybe earn double profits later this year in july August.

[Albert Einstein]

I also have pity for bitcoin and i hope this year it will be the biggest thing and more people will use it than paypal

[Blawpaw]

Why should you feel pity for bitcoin?
Bitcoin already won and became the world currency. You should feel pity of not having a lot of BTC

[Yakamoto]

Why should you feel pity for bitcoin?
Bitcoin already won and became the world currency. You should feel pity of not having a lot of BTC

I wouldn't say that Bitcoin has won and become the world currency, but I will agree that OP should feel bad for not having more Bitcoin than what he has, at least from an investor's perspective.

It is not necessarily misplaced faith if you believe that Bitcoin can become a major currency of the world, but I would still wait a while before making such an extreme claim.

[Barnabe]

You should feel pity for Mike Hearn as he:

1) Sold his coins before the huge pump that's coming
2) His power grab attempts failed (XT is dead and so is Classic)
3) He will be remembered as the idiot that was wrong and joined the collapsing industry (banks)

When will they learn.

Are you really trying to judge/lecture someone on things that you think are about to happen ?

At least wait until it happens before taking this condescending attitude...

[justspare]

I'm not a loser. Mike Hearn left because he was getting so much hate he couldn't handle it.

[richardsNY]

I'm not a loser. Mike Hearn left because he was getting so much hate he couldn't handle it.

Mike Hearn left because he has a hidden agenda. And not because he was getting much hate. At the very beginning there was a lot panic, but all the negativity this dude has created has cleared up.

[Pitchblackroom]

I'm not a loser. Mike Hearn left because he was getting so much hate he couldn't handle it.

Mike Hearn left because he has a hidden agenda. And not because he was getting much hate. At the very beginning there was a lot panic, but all the negativity this dude has created has cleared up.

He did cause a lot of panic and people to have less faith in Bitcoin itself, even though it still has been going strong this year. People thought it was going to fail back in 2011, look where it is now.

[btcltccoins]

Why should you feel pity for bitcoin?
Bitcoin already won and became the world currency. You should feel pity of not having a lot of BTC

Yes true !!  we dont have too many BTC. and when the price will rise, we shall be feeling pity  of having less
Bitcoins.