Giving up on Bitcoin...

[QuestionAuthority]

That's too bad. I'll miss you. Their aren't enough trolls here to keep me entertained anymore since Matthew and all of the My Little Pony characters left.

Do me one favor before you leave. Change your name to Fluttershy and bet everyone hundreds of bitcoins that Hashoceans cloud mining isn't a scam. That will kind of wrap up every fun time I've had on this forum in one package.

Not that your regular posts aren't entertaining. I especially liked the one where you make no sense at all, can't explain what you're talking about to anyone and then tell everyone in the thread to fuck off. Yep, that was a good one alright.

[Jet Cash]

Well there are some interesting points in this thread.

For something to be an investment, it has to be saleable. Imho the payment facility is essential for the investment potential. Look at the risk to the dollar as the world switches from the Petrodollar to the PetroRuble.

If there is less activity on the exchanges, it could be because people are using Bitcoin as a currency, and not bothering to exchange it for risky fiat currencies.

I've backed off from Bitcoin a little because of all the infighting. I believe that transactions need to be speeded up, and the only way to do that is to reduce the block generation time. I believe there was a 1Mb transaction generated recently, increasing the block size would just increase the potential for even larger wasteful transactions. SegWit, halving the blocksize, and decimating the block generation interval would make Bitcoin a phenomenal and fast payment service. I appreciate that this will never happen - it's far too radical a change. Just like Trump and Brexit.

[Juggy777]

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.

Before I bid you goodbye why exactly are you giving up on Bitcoin now. Every one I know is coming for Bitcoin world and they are enjoying. I am loving this Bitcoin as it helps me but lots of stuff I never could before. So I would advise you to be calm and think again. Do not just quit.

[Dmitry.Vastov]

Then go. Bitcoin doesnt need you. Bitcoin is stronger than you thought. You and that stupid circle should go and dont come back ever again. There are more better than circle.and i dont care if they choose to dump bitcoin. They are just bunch of losers.
Where can you find something like this? Bitcoin gave us freedom and thats why we love bitcoin. Governments likes to interfere with others money. I think this is the reason why blockchain technology created. There are only few like you who hates bitcoin. We are millions who supports bitcoin.

[Gotottack]

Circles and OP has some good points. Like the 95% consensus, that's near impossible to achieve as it is almost a perfect 100% to decide on a matter. Bitcoin might be indeed falling apart or probably bitcoin is just consolidating, people are just not spending bitcoin too much because we are all waiting for that mythical unicorn or the $1,000 price mark.

I would have to agree with the proposal that bitcoin transactions should be sped up. If we can see an instantaneous transactions then that would really change the game again. Also, the problem of finite number of bitcoins is really troubling in my opinion. As maybe one day bitcoin supplies will deplete and the demand just rises. Bitcoins depletes every day. Even if we mine everyday the total amount of bitcoins that will ever be mined depletes. This is because there are plenty of wallets that go dormant with a few satoshis in them. Let's multiply those small satoshis in the millions as a result we lost so much precious and scarce bitcoins every year.

[thejaytiesto]

And the price just keeps climbing.  

And the functionality just keeps falling.

Yeah, people keep seeing more and more value in something that supposedly keeps falling in functionality.

Again you dumb retard, Bitcoin will stay as the best safe haven on earth if the idiots blocking segwit continuing doing so. If they start listening to intelligent people like Andreas Antonopoulos for example and not FUDsters like you, they will learn the fact that:

1) Increasing block size before segwit activation is a mistake
2) ALL Core devs except one want to increase the block size eventually, so no "1MB forever" FUD here.

But sure, "TKeenan", whoever the fuck that is, knows more about Bitcoin than Andreas Antonopoulos!

[European Central Bank]

giving up on bitcoin now is a little like giving up on the internet in the late 80s/early 90s.

and I think it's a much harder sell than the internet so it may take considerably longer before it's anywhere near ubiquitous.

it's not gonna happen on a timescale that matches the average human's patience.

[SvenBomvolen]

giving up on bitcoin now is a little like giving up on the internet in the late 80s/early 90s.

and I think it's a much harder sell than the internet so it may take considerably longer before it's anywhere near ubiquitous.

it's not gonna happen on a timescale that matches the average human's patience.

   Nice description, we can see where is internet now after + 25 years. If bitcoin be nearly successful like internet is, then this guys from Circle will come back into bitcoin world. It may take longer time for bitcoin to be accepted like internet, internet didnt have competition like bitcoin have now in old currencies. People have habits and for them its hard to give up fiat, this guys give up on wrong currency.

[iram3130]

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.

You are talking like "This dog has bit me so every dog in the world will be thinking about biting me and am fuc*ed."
I hope you understood what I meant. There are many alternative coins are there in the market. Try them and take the one which is good for you. Leaving won't make anything better. 

[Red Fish]

In Blockchain Web wallet there are around 8 millions users, so Bitcoin market is stable and future is good. No one altcoin do not have so many users. And there is no other technology like Bitcoin, so Bitcoin will expand in future. 

[yayayo]

one thing I can surely say, bitcoin is truely a blessed currency.

Blessed by whom?  Muhammed or Jesus? 

I don't want to use any fucking currency blessed by the wrong guy.

I think you're getting closer to a proper ragequit.
Come on, don't be shy, make it complete. Go for the whole nine yards. Just do it Hearn-style!

The demand to store the financial footprint of every lolly purchased on a limited resource like the Bitcoin blockchain at zero cost is similar to expecting a free ride on every cab in every city of the world. Using valuable resources comes with a cost. If they are for free, they tend to worth nothing. If every frappuccino transaction would be stored in the blockchain for free, the resulting blocksize would lead to the death of the decentralized network and Bitcoin would become worthless.

On-chain bigblock-scaling is a either a fools idea or a concept to destroy the decentralized nature of Bitcoin to make it a Paypal 2.0 and subjugate it to governmental control.

ya.ya.yo!

[olubams]

If you're giving up on Bitcoin, then I say I wish you well in future endeavours but for me and the number of people on this forum including those finding their ways in on a daily basis, we are not giving up yet. For the article and the reason given by the CEO as to why they are letting go of Bitcoin is something I see solely rest on perception which can equally be change with the right campaign in the right direction all that is needed is just the push if he has not given up already...

[darklus123]

one thing I can surely say, bitcoin is truely a blessed currency.

Blessed by whom?  Muhammed or Jesus? 

I don't want to use any fucking currency blessed by the wrong guy.

I think you're getting closer to a proper ragequit.
Come on, don't be shy, make it complete. Go for the whole nine yards. Just do it Hearn-style!

The demand to store the financial footprint of every lolly purchased on a limited resource like the Bitcoin blockchain at zero cost is similar to expecting a free ride on every cab in every city of the world. Using valuable resources comes with a cost. If they are for free, they tend to worth nothing. If every frappuccino transaction would be stored in the blockchain for free, the resulting blocksize would lead to the death of the decentralized network and Bitcoin would become worthless.

On-chain bigblock-scaling is a either a fools idea or a concept to destroy the decentralized nature of Bitcoin to make it a Paypal 2.0 and subjugate it to governmental control.

ya.ya.yo!

Well, if paypal 2.0 is now available in the market here comes bitcoin 2.1. I mean where was that person actually living? Is he from a certain tribe who does not know the value of cost?(I highly respect every tribe tho)

[kooy]

giving up on bitcoin now is a little like giving up on the internet in the late 80s/early 90s.

and I think it's a much harder sell than the internet so it may take considerably longer before it's anywhere near ubiquitous.

it's not gonna happen on a timescale that matches the average human's patience.

THIS.

P.S The CEO of circle is an idiot

[sportis]

Nobody can rely on words of a company after having sole purpose the profit. This particular promotes an open source software called Spark related to blockchain. So probably would be strange and there is no reason to stay in bitcoin.

[South Park]

I see some people disillusioned with bitcoin but most of those people seems to be upset from an ideological point of view, as it may seem bitcoin is not moving fast enough, but as long as bitcoin serves its purpose of been a currency and it is used by people I don't see why we should give up at all.

[Ayers]

the price is meaningless..

if there are 16m coins.. but imagine only 5 coins on an exchange being swapped between 10 people.. those 5 coins dictate the price of the whole 16mill coins without involving the 16m coins.

basing bitcoins economy, bitcoins utility and bitcoins society on an exchange price is flawed.
infact in the last 12 month people have noticed real world inflation where a loaf of bread has jumped more than 20%

last year i could buy 2litres(4pints) of milk for £1. now the same shop sells it for £1.45
last year a loaf of bread was 50p (cheap ownbrand) now its 80p. major brand went from £1 to £1.50
yea they do deals for 2for£2 to hide the increase or help people get used to the increase by making them buy double to 'save'. but the reality is inflation has hit people pockets

so seeing bitcoin go from $650 to $770 is not a shock.. its basically means i can still buy the same amount of loaves of bread as last year.

also the amount of coins on an exchange has DROPPED. less people are confident about exchanges so we are not seeing millions of coins held on exchanges like in 2013.. now its just a couple hundred thousand. usually some are only hoarding 50k of customers coins. so again the bitcoin price vs the economy are not correlating in any way to suggest the economy/society/utility is growing

i very doubt you can trade the whole market with only 5 coins, while i agree that many coins are not in play, i also think that at least few million are on the exchange being dumped and bought again for fiat, and yyou are forgetting about trading that happen outside of exchange, private trading also determine the value

[TryAngle]

I don't see why we should give up on bitcoin as the price keeps rising. Businesses will come and go just like in any industry, so I wouldn't worry about Circle.

[crazyivan]

Everyone hopes and suggest the price will BOOM next year and he gives up BTC. Why? It s 2 complicated?

Dude, I suggest you take a deep breath, have a walk and stay away from your machine for a few days. Cause if you do leave, you ll be missing out A LOT.

[NamedUser]

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

Hahaha. That's what the post seems to be about, yes.

one thing I can surely say, bitcoin is truely a blessed currency.

Blessed by whom?  Muhammed or Jesus? 

I don't want to use any fucking currency blessed by the wrong guy.

I think you're getting closer to a proper ragequit.
Come on, don't be shy, make it complete. Go for the whole nine yards. Just do it Hearn-style!

The demand to store the financial footprint of every lolly purchased on a limited resource like the Bitcoin blockchain at zero cost is similar to expecting a free ride on every cab in every city of the world. Using valuable resources comes with a cost. If they are for free, they tend to worth nothing. If every frappuccino transaction would be stored in the blockchain for free, the resulting blocksize would lead to the death of the decentralized network and Bitcoin would become worthless.

On-chain bigblock-scaling is a either a fools idea or a concept to destroy the decentralized nature of Bitcoin to make it a Paypal 2.0 and subjugate it to governmental control.

ya.ya.yo!

Haha yes Mike Hearn had quite the little hissyfit now didn't he.

So @op, what have you personally contributed to make bitcoin better? Nothing? Oh, then stop hoping for a handout and do it yourself. Don't let the door hit you in the arse on your way out.