"BTC is a peace of shit"
as opposed to what? A "war" of shit? I am so confused.
Be this how vaidotas starts his one-man newbie account war against Bitcoin, he will end resting in pieces.
(Your turn.)
My idea of how this day has started for our OP.
-Honey, did you hear that bitcoin is worth today 8 times more than it was last year?
-what? I knew i should have invested in it! F you bitcoiners! I'm going to pour my hate on you!
The grapes are sour, anyway.
Concretely, I have sold 200 BTC a couple of days ago. Is it small amount of mon ey? For some people maybe. But for me this is more than enough until my life ends, so...
Liar.
However, the problems I am worried about are already mentioned by me in this topic. However, I will still list them out:
1. Wallet creation and sync takes too much time. In other words, if you want to participate in this network, you have to wait lots of time.
If you want to use Bitcoin the most secure way,
the way which puts you fully in control, then there is a cost to that. Duh. Otherwise, just use
Electrum or another reputable light wallet. Last time I tried Electrum, it took about two or three minutes to sync with the network the first time—and that’s through Tor (much slower).
2. Encryption is not quantum-proof. This means that bitcoin has no way to protect itself against quantum attacks. However, there are already cryptographical principles which allow to do so, and they are mathematically proven as correct ones.
You’re a moron if you believe that a
hypothetical quantum computer which
may possibly come to exist
in the future makes Bitcoin insecure
now. You’re also a moron if you’re worried about quantum computer attacks on Bitcoin, but you don’t worry about the security of the banking system and the whole Internet; those are much more vulnerable to quantum computers than Bitcoin is. Actually, you’re simply a moron, period. It is self-evident that you are grossly deficient in useful knowledge of security, cryptography—
and orthography.Quoted for truth:
Yeah, most of the Bitcoin FUD is ridiculous but the quantum FUD is particularly hard to stomach.
3. No regulation in law of any important country. I.e. let's take gold. Every country in the world tries to have more and more gold which shows that gold is at least a way to save your money from inflation. And BTC? No one serious recognizes it in law still. So, you can't know if BTC will be forbidden by US tomorrow or not.
So what? Yawn. There are always unknown future legal risks in any store of value which does not derive directly from the State—as well as those which
do derive from the State, and can be devalued or seized by the State at any time. That’s not an argument specific to Bitcoin. It
is an argument that you are manifestly ill-equipped to handle the risks inherent to the state of being alive.
On a related note, here attempting to pull something sensible from your conflated non-argument about gold: I should inform you that
gold has been banned in the United States. “Hoarding” individual wealth in gold was banned from 1 May 1933 until 31 December 1974. Vast amounts of gold bullion were confiscated from people, who were forced to accept instead the Monopoly Money known as “United States Dollars”. Numerous individuals were criminally prosecuted for attempting to keep their gold. This is an historical fact; and if it happened before, it could happen again. Now, why don’t you go FUD gold. In
“the land of the free”, gold could be banned
again, too. Gold is an insecure peace of shoot!! Gold has no value!! Everybody who buys gold will lose all their money!! The sky is falling!!
P.S.:
Well, I am rude on BTC itself, not on any person who uses it for something.
To be clear, I am being rude to
you. I am so doing, because I despise imbeciles; and I find it mildly amusing to insult them. Please take it personally.
