Goodbye Bitcoin

[virusasog]

I guess I'll need to agree with the guy! He really needs to stay away from Bitcoin as far as he can. It seems it is not doing him any good. So, yes just go away, just leave Bitcoin, with your kind of assumptions you will be doing the community a favor.

Lol, trollers always there to troll anything which in the world. Just give a damm to trollers and look into the bitcoin. Now it seems to be settled in 1050$ and you could expect bitcoin to reach 1200$ before this year ends.

[European Central Bank]

It is definitely true that lots of people were lured into bitcoin with the claim that it has no fees or lower fees than other payment methods. That is shot to pieces.

then they didn't do enough reading. an increase in fees is kinda baked into the protocol as it stands. if that's all they care about then they can sign up for circle.

the fee bomb has arrived far, far too early though and it might be the death of its success.

[CyberKuro]

Ahh, I don't know how to say this, but I have to say the truth. Bitcoin is over. The 8 year experiment that was meant to change the world for the better and to emancipate the human population, has turned into an echochamber of trolls who yell at eachother, while the system is slowly collapsing, and being replaced by other altcoins.

I am in Bitcoin since 2013-2014, I have seen all of it, and mostly the inability of it to evolve. It wasn't as bad until 2015, and throughout 2016 I was silent, but now it's 2017, and things are getting worse. Only a fool will deny that.
~snip~
Segwit will probably not pass, and then we will be stuck another 2 years bitching and moaning at eachother and trying to find scapegoats.

And in that time, Bitcoin will be replaced by a better alternative, once the majority of people realize that it's pointless to argue with trolls.


So after 4 years of being in this community, I'm afraid I have to leave it now. I don't see any hope for Bitcoin in the long run. It was a good prototype, and it definitely taught us a lot of good technical things, but also a lot of game theory/ sociology things, where it has been proven in my opinion, that consensus can't be made without a clear voting platform.

So yes, Bitcoin was the first, we thank satoshi for his work. But Bitcoin isn't "THE ONE". It's just a failed prototype with many bugs. And out of this failure a better and stronger coin will arise.

You've sent the message for us, thanks in advance.
I'm sorry to hear that you have to leave bitcoin, so I hope you really do it and do not ever come back.
Yes, it's pointless to argue with trolls, I think the problems will push them until the limit of it (community), whether to stay or agree to improve.
Nothing I can say about it as we don't have big role for all of the community and just a user, so we just wait until they decide to move forward.

[Pab]

There is many truth in your post,high transaction fees,last time i ve been sending 0.100 btc i have set up fee at 40k satoshi i had confirmation in 10min,new crypto replacing btc,dash and monero are booming now becouse of privacy,bitcoin will stay for longer time,but at some moment  technical improvement need to be done.Look what problems eth is facing and eth diff will rise same way like btc diff is rasing.If i will follow you i will say blockchain was a kind of experiment,now it is time for something new,and tell me what is one dollar fee even compare to bankng cost,it is funny fee

[richardsNY]

Bitcoin indeed has it's less interesting aspects, but I strongly believe that eventually a few of them will be ironed out as in solved, or at least get worked around through an off-chain solution. Other than that I don't see how you will ever get satisfied to a level where you can happily look at Bitcoin as a useful currency tool. We must accept that Bitcoin as the first of its kind can't be the perfect tool for all.

[Sled]

I understand OP's concerns and it is mainly about fees. Yes the fees are high and now it can reach 70,000 satoshi just do an average speed of transaction but keep in mind that the cause of this high fees and slower transaction is the past halving because it halves the block reward and the miners difficulty also increases so it will affect the bitcoin system which makes the transactions slower and more expensive than the past years. Those issues can be solve and for me those issues are not enough for me to say that bitcoin will die later on because there is a lot of people who are trying their best to contribute in solving this kinds of problem.

[yellow1]

You just have to understand why the transaction fees are getting higher. We can't do anything about it either. But it doesn't mean that you are giving up using bitcoin aren't you? This is just a minor roadblock and bumps along the way, we know that is not perfect but for me I'm gonna stick in bitcoin for a while and see where it goes. It will not stop me from buying/selling bitcoin and earning a profit because the transaction fees is higher. I'm still enjoying playing bitcoin around that I will continue to take advantage of it.

[st0nefish]

You do not have to worry about the transaction fee. When compared to other payment systems, bitcoin is still a very advantageous system.
I would advise you to consider commission fees and privacy issues in other payment systems.

Bitcoin is one of the most useful payment systems available today.

[d5000]

It is definitely true that lots of people were lured into bitcoin with the claim that it has no fees or lower fees than other payment methods.

Until now, I think speculation is more important. But the people that use it as a low-fee remittance/international payment method, will be driven out if the stalemate continues. And I think that even if these people are not more than 20% of all Bitcoiners, they are the most important group because they're real users and are the group that would help rise acceptance of Bitcoin - much more than speculators.

Still fees are OK, but if they double (~70-100 USD cents) a critical level would have been reached - if the stalemate continues it's a realistic estimation for the end of 2017.

But if bitcoin doesn't survive, I think another cryptocurrency will take it's place. There are plenty that have quick confirmation times, and coins like Steem that move money based on your name, not a huge string address.

Steem particularly has other issues - it is a more centralized model than BTC (DPoS) and possibly can attacked by social engineering. Too, it's not open source and development is centralized, so a critical control mechanism isn't in place. But I agree that an altcoin could "take over" if there's no plan for scaling in Bitcoin - or if the plan involves too much centralized entities.

[Rahar02]

Bitcoin indeed has it's less interesting aspects, but I strongly believe that eventually a few of them will be ironed out as in solved, or at least get worked around through an off-chain solution. Other than that I don't see how you will ever get satisfied to a level where you can happily look at Bitcoin as a useful currency tool. We must accept that Bitcoin as the first of its kind can't be the perfect tool for all.

Those problems have been around for years and still not solve yet, people who involved to take decision regarding bitcoin development still argue each other or waiting for something maybe, we don't know what they might thinking and how long we have to wait until this will be done. Blockchain need some upgrades in order to covers all of the transaction per second without higher fees, that are the main concern.

[Bitcoinsummoner]

Bitcoin indeed has it's less interesting aspects, but I strongly believe that eventually a few of them will be ironed out as in solved, or at least get worked around through an off-chain solution. Other than that I don't see how you will ever get satisfied to a level where you can happily look at Bitcoin as a useful currency tool. We must accept that Bitcoin as the first of its kind can't be the perfect tool for all.

Those problems have been around for years and still not solve yet, people who involved to take decision regarding bitcoin development still argue each other or waiting for something maybe, we don't know what they might thinking and how long we have to wait until this will be done. Blockchain need some upgrades in order to covers all of the transaction per second without higher fees, that are the main concern.

Transaction speed will never solved this is an old story about the transaction and until now its still not solve.
if almost all can accept 0 confirmation in every transaction maybe we do not need to pay for a high fee. but due need to pay for a fee just to help miners to be stay long in bitcoin as their profit.
Look they are adding segwit but i thought it can help to increase the speed of the transaction..

[Slow death]

Bitcoin has a huge community, even if you give up using bitcoin, this will not change anything, people continued to use bitcoin and more people continued to use bitcoin. Even if people pay high fees will not stop people from using bitcoin.


I still think that altcoins has a long way to go if one day they want to reach bitcoin

[uneng]

I agree the transaction costs sometimes are ridiculous, but it won't make bitcoin collapse and die. It can be fixed and improved, but the community is divided and there isn't cooperation to find one alternative with majority endorsement.
Altcoins can rise and it's a more real possibility each new day, I don't doubt this, but bitcoin will still rule the cryptocurrency world for the next years for sure.

[Yakamoto]

The Bitcoin experiment is not failing, however I'm just going to focus on the fees portion of your post since I didn't go through the rest.

70k satoshi is being brought on because of the amount of transactions and everyone one-upping each other to try and get their transaction cleared first. If we didn't have those issues then chances are fees would not be so high.

I hate to say it, but if you're in this boat, making the blocks bigger is something in your best interest.

I personally have no worries so far.

[veleten]

SOMEONE SHOULD HELP ME OUT, I STOP RECEIVING AUTHORIZATION MAIL FROM BLOCKCHAIN... WHAT CAN I DO PLS?

you should repair your caps lock first
then check your spam folder and filters,if you still get nothing-wait
sometimes mails take a day or two to arrive
then contact your mail provider and blockchain support
if nothing works-use your recovery phrase to gain access and remove mail verification

on topic:
when I started to use bitcoins I NEVER ever included a transaction fee
I didn't mind to wait,sometimes it wasn't long ,like one or two hours
today we are whimpering when our transaction fee reaches 0.5$ or more and predicting "death" of bitcoin

while there is a problem with block sizes and transaction times and costs,it is nothing that can't be fixed
regardless of what is your stance on Segwit,it can be an example of how the solutions are looked for and tried out
bitcoin is a very adoptable system that has proven its durability
do not expect it to be taken down by such a nonsense as high tx fees

[calkob]

Another idiot who cant see past the last upgrade....lol

Hashrate:  UP
Marketprice: UP
Marketcap: UP
Tradevolume: UP
Blockusage: UP
Transactionperblock: UP
Diff: UP
Unique-addresses: UP
Blockchain wallet users:  way UP
Coinbase users: way UP

BITCOINS DEAD POSTS: UP

Yeah thats right Bitcoins dead......... lol    Add this one to the list.

[nara1892]

nice speech. at least I can open my eyes to see a few hidden truth. I wonder, even if things are getting worse, why don't you want to see it until the end? who knows that bitcoin will be better than this? and probably your prediction is wrong.

[Huge Black Woman]

C'mon now, 70,000 satoshi?  Thet's about 70 cents, that ain't nuthin!

An' 'sfar as chaingin' the world an' stuff, y'all got yo expectations blowed up way too high.  An' my third point is this.   All them trolls you talkin' bout, they exist on this here forum, an' this don't represent what it like out inna wild.  They be people who usin' bitcoin who ain't neva come ta this forum.  If this yo only contact wit the bitcoin world, y'all'd run screamin' fo the hills an' neva come back.

[Nimbulan]

If someone gives up so easily then that means that the person has a really small will and that the life should be very hard for him, if you really believe in bitcoin you should not give up no matter what, for example for me the price can go down to 10 dollars per bitcoin and i would still believe in it

[iqlimasyadiqa]

If someone gives up so easily then that means that the person has a really small will and that the life should be very hard for him, if you really believe in bitcoin you should not give up no matter what, for example for me the price can go down to 10 dollars per bitcoin and i would still believe in it

should we remain confident and have a sense of optimism to bitcoin. if not then we do not deserve to live in the future.