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iamnotback
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June 08, 2016, 09:03:35 AM |
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I have a hard time choking back the assertion Bitcoin was designed to fail at a certain point.
I just can't wrap my head around that concept..
Define "fail"? If you define fail as the coin stops functioning or double-spending is so pervasive via 51% attack that no one will accept it, then I agree it is a ludicrous proposition that isn't very likely to happen. Rather the designed failure of Bitcoin is to become centralized so that the elite are able to control who can transact (which is another symptom of a 51% attack) so they can implement capital controls, expropriation, and taxation, while also tracking every transaction we make so we are 666 slaves. Bitcoin is not failing but it is failing to scale to mass adoption, and BitCON (the Trojan Horse) is failing in that it will be more oppressive+totalitarian than cash and fiat were. Why do you people have such a difficult time to understand this distinction, even I have repeated it so many times. |
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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Cyaren
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June 08, 2016, 09:57:38 AM |
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the sky is falling......
Please stop with the stupid threads.
Bitcoin has died over 100 times, been destroyed a few dozen times and is trading at over 500 usd.
Stop with the fud and lies and please stop posting stupid threads about this.
Agreed. If bitcoin isn't working, then please prove it. I doubt you'll find it easy to prove something that is trading over $580 USD at the moment a failure, and something that is destroyed forever. Bitcoin is flawed, but these flaws can be fixed. Bitcoin is already a big step ahead of fiat currencies. |
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iamnotback
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June 08, 2016, 11:40:26 AM |
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This comment: It is not dumb that n00bs don't know the technology and game theory economics. What is dumb is when n00bs (such as the Bitcoin maximalist comments in this thread) think they know something about an issue that is far too complex for them to be comprehend without deep research that they are unwilling or incapable of doing. This is known as the Dunning-Kruger effect.
So many dumb comments in this thread by Bitcoin maximalists who will invent any excuse possible to remain in denial of the fact that
...
Applies to the following incorrect post: Bitcoin is flawed, but these flaws can be fixed. Bitcoin is already a big step ahead of fiat currencies.
The flaws can't be fixed both for technical reasons and also because of vested inertial resistance. And BitCON will become 666 more oppressive+totalitarian than the fiat cash we had before it: https://bitcointalk.org/index.php?topic=1465136.msg15124687#msg15124687https://bitcointalk.org/index.php?topic=1502163.msg15126064#msg15126064You are supporting the destruction of the freedom of mankind. Thank you for your unwavering, radicalised dedication to your geek-cool enslavement system ideals. |
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RoomBot
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June 08, 2016, 09:56:12 PM |
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Bitcoin is Forever.
OP is Destroyed.
Posting this $#!T on BCT is moronic.
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Shiroslullaby
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June 08, 2016, 11:09:03 PM |
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Even if Bitcoin dies, and it might be replaced by another coin or technology,
the underlying principles are what matters. This is just the beginning of cryptocurrencies.
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boyptc
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June 09, 2016, 03:44:59 AM |
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Even if Bitcoin dies, and it might be replaced by another coin or technology,
the underlying principles are what matters. This is just the beginning of cryptocurrencies.
I don't bitcoin will just die easily and gone out in the economy of crypto currency. As it is the most stable currency of all cryptos. And I don't believe this kind of rumor that bitcoin is really destroyed, how it is going to be destroyed? The price of bitcoin now is getting higher and higher so this is just an overheard rumor and don't believe it guys. |
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TheMachineQc
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June 09, 2016, 04:23:06 AM |
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For a newbie like me that's just starting, this topic is pretty scary. I feel like starting in the cryptocurrency world now could be a huge waste of time/efforts. And there's too many altcoins to just pick one and hope this one is "the future"... Ethereum maybe?
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CryingMidget
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June 09, 2016, 05:15:40 AM |
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Even if Bitcoin dies, and it might be replaced by another coin or technology,
the underlying principles are what matters. This is just the beginning of cryptocurrencies.
Bitcoin is really uncontrollable by any specific power and if any power want to involve in it with full potential then it will be a great support to bitcoin, I will say that someone among the major power have to come forward to give strength to bitcoin. |
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AlexGR
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June 09, 2016, 05:32:09 AM |
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For a newbie like me that's just starting, this topic is pretty scary. I feel like starting in the cryptocurrency world now could be a huge waste of time/efforts.
https://99bitcoins.com/obituary-stats/...latest obituaries: MARCH 26, 2016 “1,000 Bitcoin Wallets Won’t Replace One Financial Revolution” – Coindesk | $408.12 APRIL 19, 2016 ‘Bitcoin is dead,’ says prominent fintech exec – Yahoo | $437.5 MAY 21, 2016 “Bitcoin May Be Failing, But The Technology Behind It Will Live On” – Forbes | $442.88 JUNE 3, 2016 We rather disagree with the estimation of Bitcoin – Adam Smith | $572.65 JUNE 7, 2016 “Bitcoin’s Rallying Again—But Isn’t Getting Much Attention Anymore” – WSJ | $577.14 |
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Herbert2020
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June 09, 2016, 05:34:50 AM |
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For a newbie like me that's just starting, this topic is pretty scary. I feel like starting in the cryptocurrency world now could be a huge waste of time/efforts. And there's too many altcoins to just pick one and hope this one is "the future"... Ethereum maybe?
you have to stop listening to these types of topic on the forum or even news on news websites like cryptocoinnews especially. all these people are mostly talking out of their asses and have no idea about what they are saying and also a lot of them have other agendas when they spread these kinds of things which is called FUD. also altcoins like Ethereum are just pump and dump coin, it means they are created to get pumped and make a lot of money for those who have access to the majority of the coin (premine) and can now dump it on newbies who are buying their orders. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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tabas
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June 09, 2016, 06:04:59 AM |
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For a newbie like me that's just starting, this topic is pretty scary. I feel like starting in the cryptocurrency world now could be a huge waste of time/efforts. And there's too many altcoins to just pick one and hope this one is "the future"... Ethereum maybe?
Don't be scared out because of this kind of thread, as I can see there is no reason that bitcoin will just be destroyed easily. So stay calm, and wait for other updates but don't just believe easily on this kind of topics without basis. I will just believe this , if op can show some of proofs that bitcoin is now being destroyed. |
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MyownBoss
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June 09, 2016, 06:14:15 AM |
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For a newbie like me that's just starting, this topic is pretty scary. I feel like starting in the cryptocurrency world now could be a huge waste of time/efforts. And there's too many altcoins to just pick one and hope this one is "the future"... Ethereum maybe?
also altcoins like Ethereum are just pump and dump coin, it means they are created to get pumped and make a lot of money for those who have access to the majority of the coin (premine) and can now dump it on newbies who are buying their orders. Smh...  http://faculty.uncfsu.edu/jyoung/spotting_invalid_arguments.htm |
Rule #1:Never lose money.
Rule #2: Never forget #
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iamnotback
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June 09, 2016, 08:56:36 AM |
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For a newbie like me that's just starting, this topic is pretty scary. I feel like starting in the cryptocurrency world now could be a huge waste of time/efforts. And there's too many altcoins to just pick one and hope this one is "the future"... Ethereum maybe?
you have to stop listening to these types of topic on the forum or even news on news websites like cryptocoinnews especially. all these people are mostly talking out of their asses and have no idea about what they are saying and also a lot of them have other agendas when they spread these kinds of things which is called FUD. Read the entire linked page (not just the linked post): https://bitcointalk.org/index.php?topic=1502768.msg15136683#msg15136683 |
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hermanhs09
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June 09, 2016, 10:25:49 AM |
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For a newbie like me that's just starting, this topic is pretty scary. I feel like starting in the cryptocurrency world now could be a huge waste of time/efforts.
https://99bitcoins.com/obituary-stats/...latest obituaries: MARCH 26, 2016 “1,000 Bitcoin Wallets Won’t Replace One Financial Revolution” – Coindesk | $408.12 APRIL 19, 2016 ‘Bitcoin is dead,’ says prominent fintech exec – Yahoo | $437.5 MAY 21, 2016 “Bitcoin May Be Failing, But The Technology Behind It Will Live On” – Forbes | $442.88 JUNE 3, 2016 We rather disagree with the estimation of Bitcoin – Adam Smith | $572.65 JUNE 7, 2016 “Bitcoin’s Rallying Again—But Isn’t Getting Much Attention Anymore” – WSJ | $577.14 Hahaha, it's hilarious what lengths people can go to just to oppose something that is true. In my opinion, as long as these bears are there, and dumping their coins on the market, there will be even more bulls soaking up their dumps. You made my day sir  |
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iamnotback
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June 10, 2016, 12:46:51 AM |
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As AnonyMint predicted back in 2013... The centralized Bitcoin won't be 51% attacked bcz those controlling it will have the 666 control system they designed Bitcoin to accomplish. In the transitionary phase now, the Chinese miners will be handed lots of wealth as the process of centralizing mining proceeds. We can't say every Chinese miner today knows he is part of the ultimate plan. We can't even say the Blockstream devs know they are part of some diabolical plan. They are just trying to fix a design that can't be fixed without restarting from scratch. Compartmentalization is the modus operandi of the DEEP STATE. This is a process. The DEEP STATE that designed Bitcoin has a plan over years.
Our other hope is the system blows up technically. But that is why Blockstream is receiving so much funding, because they probably have the expertise to centralize Bitcoin sufficiently whil still being able to give some illusion of decentralization for sufficient time that Bitcoin maximalists fall into the trap, of which SegWit is a major step in that direction.
https://bitconnect.co/bitcoin-news/126/what-is-gavin-andresen-telling-china-chinese-ama-details-revealedThe one-time anointed king of Bitcoin by Satoshi Nakamoto himself ... When asked about his association with Blockstream, who some see as a force looking to centralize Bitcoin, he did not seem to be in alignment with their agenda... In regards to the centralization of Bitcoin, he now works for the Media Lab at MIT, who has just come out with a controversial concept known as ChainAnchor... ChainAnchor would coerce miners to not allow transactions that do not have the identities of the users of Bitcoins tied to their transactions and wallets, defeating the peer-to-peer, identity-protecting foundation of Bitcoin itself. Andresen also is a paid technical advisor to leading Bitcoin companies like Coinbase, BitPay, and Xapo. His commentary on the upcoming Lightning Network concept was less than glowing... |
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jak3
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June 10, 2016, 01:20:40 AM |
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well they have accuired 80% of the mining around the total mining hash but are they ready to face problems lets see in this 2016 bitcoin halving that it is profitable for them ir not
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detzaw
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June 10, 2016, 01:30:21 AM |
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Bitcoin is not yet basically DESTROYED, thread topic like this should ignored.
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crairezx20
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June 10, 2016, 05:57:13 PM |
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Bitcoin is not yet basically DESTROYED, thread topic like this should ignored.
This is just like the same as old topic that bitcoin will be die but until now bitcoin still alive and the price is more increase coming in this year.. Honestly bitcoin destroyed only for some people that scam about bitcoin. .we can not change it because many scammers in online.. |
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iamnotback
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June 15, 2016, 07:51:15 AM |
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How is your 666 TrojanHorse ButtCON investment going to protect you in the upcoming nation-states collapse and 666 lurch to eliminate cash and institute expropriation? Bend over my friends and prepare to take it deep. Side chains are nasty hacks that add more problems than they solve, as is the lightning network, segwit and all the other "work arounds".
Agreed. They are Rube Goldberg designs. Of egregious note, is that SegWit delegates validation to centralized nodes who then have control over which transactions are accepted, thus very easy to implement the 666 ChainAnchor plan from MIT. And SegWit involves trust without verification of validation, thus puts Nash equilibrium on more shaky foundation wherein we trust centralization, i.e. Blockstream is moving Bitcoin towards a fiat system. It appears the Chinese mining cartel and Blockstream are in bed together because you can note that the Chinese cartel used the lame and technically incorrect excuse that the Great Firewall of China prevented them from approving larger block size increases of Bitcoin XT and Classic. But what is really going on, is as explained in my discussion with Professor Jorge Stolfi, that the Chinese cartel wants to be able to control the block size increase so as to maximize the equation for transaction fees. How do you calculate that Blockstream is for small blocks  Blockstream is for making sure they and the Chinese mining cartel control how fast the block size increases, so they can squeeze maximum transactions fees that the market will bear. You could read the Reddit discussion between Professor Jorge Stolfi and TPTB_need_war, which explained this. And SegWit is all about centralization of validation, so that we get a 666 enslavement system. Do you think the powers-that-be invested $70 million in Blockstream for no reason. Come on. You don't think ( Mr. ZIRP and Russian oligarchy maker) Larry Summers (who is on the board of 21 Inc.), Peter Thiel (BitPay, gifted $100k to Vitalik @ Ethereum, etc), and other banksters elite are in on that. Come on. There is only one possible way you defeat those bastards. And that is to make something so popular, that can't be centralized. Once it is very popular, they will have a difficult time taking it away from the people. Even the French presidential candidate Le Pen, is advocating banning Bitcoin because she has realized AnonyMint was correct in 2013 when he wrote Bitcoin : The Digital Kill Switch: http://www.coindesk.com/french-presidential-hopeful-bitcoin-ban/Some people are starting to realize that Bitcoin is a Trojan Horse planted to force nation-states off of cash and into a digital enslavement. |
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