Giving up on Bitcoin...

[TKeenan]

I am not the only one, lots of people have already given up.  Very fucking stupid mismanagement is the result.  At least TCP-IP and Linux had some means to make sensible adjustments in the early days.

Circle Gives Up Bitcoin

Bitcoin has no means to fix things that need a fixin'.  "Consensus" is just a very stupid concept.  95% consensus will never be reached for any issue.  Bitcoin is fucked.  Doesn't scale.  Everyone already left.

[Holliday]

...and by "giving up" the OP means he will continue to post FUD well into the future!

[shorena]

I am not the only one, lots of people have already given up.  Very fucking stupid mismanagement is the result.  At least TCP-IP and Linux had some means to make sensible adjustments in the early days.  Bitcoin has no means to fix things that need a fixin'.  "Consensus" is just a very stupid concept.  95% consensus will never be reached for any issue.  Bitcoin is fucked.  Doesn't scale.  Everyone already left.

k, bye. You sound like you made up your mind, yet you create a topic to discuss this.

So, lets discuss. For one TCP-IP is heavily(!) flawed. It has fundamental design flaws because when it was created people had a very different kind of internet in mind. Same for Linux, it has its place, but you might have noticed that its not the only perfect operation system. Neither on servers, offices or home computers. It has its strength and its weaknesses same as most things.

One of the strong points of bitcoin is the difficulty to change what bitcoin actually is. Its not a bug, its a feature. Blocks are full, yes, but you cant just crank it up to 11 and still have the same distributed network of nodes to support it. Satoshi once said - to someone suggesting to support Wikileaks when they were dropped by PayPal etc. - bitcoin needs to grow slowly or it will get destroyed. I still think this is true in a sense, that it has to evolve slowly exploring its options before a decision is made.

[thejaytiesto]

I am not the only one, lots of people have already given up.  Very fucking stupid mismanagement is the result.  At least TCP-IP and Linux had some means to make sensible adjustments in the early days.  Bitcoin has no means to fix things that need a fixin'.  "Consensus" is just a very stupid concept.  95% consensus will never be reached for any issue.  Bitcoin is fucked.  Doesn't scale.  Everyone already left.

TCP/IP protocol went exactly through the same struggles as the bitcoin protocol is going now. And how it was fixed? by building via layers on top of the TCP/IP protocol, just like we will solve the bitcoin protocol problems by building on top with additional layers (lighting network). In other words, what the fuck are you talking about? If you are ready to give up, sell everything and leave, your loss.

[FaucetRank.com]

I am not the only one, lots of people have already given up.  Very fucking stupid mismanagement is the result.  At least TCP-IP and Linux had some means to make sensible adjustments in the early days.  Bitcoin has no means to fix things that need a fixin'.  "Consensus" is just a very stupid concept.  95% consensus will never be reached for any issue.  Bitcoin is fucked.  Doesn't scale.  Everyone already left.

Nobody cares for your FUD. There are many crypto currencies if Bitcoin is not developed according to you than you can find the coin which meets your requirements there are thousands of Crypto currencies but all those do not stand near to the Bitcoin.

[TKeenan]

I am not the only one, lots of people have already given up.  Very fucking stupid mismanagement is the result.  At least TCP-IP and Linux had some means to make sensible adjustments in the early days.  Bitcoin has no means to fix things that need a fixin'.  "Consensus" is just a very stupid concept.  95% consensus will never be reached for any issue.  Bitcoin is fucked.  Doesn't scale.  Everyone already left.

Nobody cares for your FUD. There are many crypto currencies if Bitcoin is not developed according to you than you can find the coin which meets your requirements there are thousands of Crypto currencies but all those do not stand near to the Bitcoin.

I think people love my FUD.

Some people believe settlement is the only important application for Bitcoin.  The original vision did not include this.  The original version did not support very small blocksize limits and the very limited throughput necessitated by that.  3tps was never part of the original concept.  Now that Blockstream wants to sell you access to their sidechains, this limit is kept precious and firm.  We could easily go to 8MB today without causing technical damage. 

What is the consequence of staying firm with small blocks?  People building very cool tools to support Bitcoin end user applications are all dead.  Airbitz failed because there are no end users.  Circle abandon the project because the end user applications are wrecked with high fees and slow confirmation times.  True enough, settlement still works.  But all the microtransaction systems, and other cool end user systems have long been destroyed and there is not hope for their return.

Is this the Bitcoin you wanted?  Settlement, speculation, and no end user functionality? 

[shorena]

-snip-
We could easily go to 8MB today without causing technical damage. 

What would qualify as technical damage?

How would you do a hardfork today (or tomorrow if thats easier) if you think 95% on a softfork is out of the question?

[yayayo]

[...]

I think people love my FUD.

[...]

I'm trying to find a proper definition of the mental disease you seem to suffer from. Maybe we should call it the "Ver Syndrome": It's delusions of grandeur paired with antisocial tendencies and obsessive-compulsive denial of reality.

Seriously, I would love if your announcement would have truth in it and you would vanish from this board. At least you could constrain your FUD posts to the altcoin section, where they belong to. That would be a great relief. Oh, and please take your fellow alts and trolls with you.

Thank you very much!

ya.ya.yo!

[Ayers]

if you are talking about the consensu for the 2MB lock increase, weren't many pool in agreement on increasigng it? the problem for them is that they need perhaps to stop each machien and install and sync core, i think many are under light client which will not work with an hard fork

[topesis]

I am not the only one, lots of people have already given up.  Very fucking stupid mismanagement is the result.  At least TCP-IP and Linux had some means to make sensible adjustments in the early days.  Bitcoin has no means to fix things that need a fixin'.  "Consensus" is just a very stupid concept.  95% consensus will never be reached for any issue.  Bitcoin is fucked.  Doesn't scale.  Everyone already left.

k, bye. You sound like you made up your mind, yet you create a topic to discuss this.

So, lets discuss. For one TCP-IP is heavily(!) flawed. It has fundamental design flaws because when it was created people had a very different kind of internet in mind. Same for Linux, it has its place, but you might have noticed that its not the only perfect operation system. Neither on servers, offices or home computers. It has its strength and its weaknesses same as most things.

One of the strong points of bitcoin is the difficulty to change what bitcoin actually is. Its not a bug, its a feature. Blocks are full, yes, but you cant just crank it up to 11 and still have the same distributed network of nodes to support it. Satoshi once said - to someone suggesting to support Wikileaks when they were dropped by PayPal etc. - bitcoin needs to grow slowly or it will get destroyed. I still think this is true in a sense, that it has to evolve slowly exploring its options before a decision is made.

I like you reply to his post, I think people either don't understand Bitcoin scaling issue and expect everything to just happen over night or they are just abusing the term scaling.

[rapazev]

I am not the only one, lots of people have already given up.  Very fucking stupid mismanagement is the result.  At least TCP-IP and Linux had some means to make sensible adjustments in the early days.

Circle Gives Up Bitcoin

Bitcoin has no means to fix things that need a fixin'.  "Consensus" is just a very stupid concept.  95% consensus will never be reached for any issue.  Bitcoin is fucked.  Doesn't scale.  Everyone already left.

"Everyone already left"... lol
marketcap seems to disagree with you.  

you dont like bitcoin? want to get out? go ahead... but stop saying like everyone should do the same.

[LFC_Bitcoin]

The OP decided that he would announce to the bitcoin community that he's leaving bitcoin. I'm sure his personal investment & influence here will be missed

 

[RodeoX]

And the price just keeps climbing.   

[audaciousbeing]

Its really going to be pathetic to leave at this time when quite a number of people are blaming themselves why that haven't been exposed to this world earlier including myself. Concerning what you raised I think is hazard for anyone to try to change or fix the world why dont you just do your part and leave the rest and also for the fact that people don't agree to you position does not mean they are fucked its because we cannot just think the same way. So if you are leaving, I am made bold to say several are already to take the place.

[mrkevio]

And the price just keeps climbing.   

So many people are leaving Bitcoin because of its price going down, thinking Bitcoin will never succeed. This is what makes its price change too: us buying and/or selling. Every time we aren't sure whether it succeeds or not, we make the price go positive or negative for the day. Stay with Bitcoin and we'll see a change regarding it's hikes.

[bitcoinisbest]

It is certainly one's choice as to what they want to give up or take it. But certainly btc will be the future if your country has formulated the policy and is in favour of currency then its a long way to go for the bitcoin and will establish itself very stron in coming time as remittance market for making payment this will be used.

[bitbunnny]

Some are giving up bu some have just started. Everyone has the right for their own opinion and decision. But it's not good blaming Bitcoin for bad decisions or moves that some of us have maid. No one forced us. So don't talk uggly about Bitcoin you always have the choice.

[ljudotina]

For any one that gave up, two new users came in. So, basicly, sooner or later, you and rest of em will be back in one way or another. One business dropping it's Bitcoin part is absolutely nothing. For every business that drops, two new rise. Future is bright!

[Carlsen]

I just read an article why circle gave up bitcoin.
Their CEO says the public notification of bitcoin is bad, and when he talks about bitcoin, he only sees it as a payment method.
According to him, nobody will use bitcoin in 10 years anymore.
I really don't see it like their CEO.
I say that the notification was bad. But I see a trend that news about turn more impartial.
And when he talks about bitcoin as a payment method, he does not mention the possibilities of seeing bitcoin as an investment.
From my point of view, the number of bitcoin users will increase!

[manbitcoinlover]

And the price just keeps climbing.   

exactly, people are over reacting just because a company worth multi millions have decided to cease bitcoin operations. Yeah, circle was a easy way to trade your fiat currency for bitcoin and vice versa. But now you can still use coinbase and many more trusted companies. Coinbase is as strong as ever now that it has less competition. If you give up on BTC because of circle that is just a poor reason to do so. If you give up btc for another reason like security/volatility, maybe I might consider not disputing you on that.