Thank you Bitcoin and GOODBYE (Let it goooo)

[Anti-Cen]

It's not about "falling" for it. You should always think and make wise decisions based on your own knowledge.
And off course you will have to learn about technical aspects of different coins and blockchain.

Most charts are concerned with miners and so is 90% of the code that does a lot of PoW and
is about reeving the cars engine without going anywhere and this is not something I want
to learn too much about because it is obvious that it won't be here to stay

1. Only 7 transactions a second
2. Wastes GPP/CPU Power
3. Wastes electrical energy
4. Mega high transaction costs.

VISA-Card works without Pow and is fifty times faster and can deal with 25,000 TPS
so we just need a system a bit like this that we own and control instead of the bankers plus
the rip off miners that have proven to be even worse than the bankers

In other words the king has no clothes on.
  

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[ZepaniZeppos]

Your views are very naive, I don't understand how can someone be so pessimestic if its about the value dip its nothing but corrections and all the disscussions about bitcoin being just a bubble are bullshit. As for the technical and dev side of things, bitcoin is getting great updates coming its way with the implementation of the lightning network.

Well I hope so about the update.

And as I already said I'm not writing this posts because of the value decreasing but because of the problems in the Bitcoin network.
Although the value was decreasing because of the problems within the Bitcoin network no matter what.

[ZepaniZeppos]

It's not about "falling" for it. You should always think and make wise decisions based on your own knowledge.
And off course you will have to learn about technical aspects of different coins and blockchain.

Most charts are concerned with miners and so is 90% of the code that does a lot of PoW and
is about reeving the cars engine without going anywhere and this is not something I want
to learn too much about because it is obvious that it won't be here to stay

1. Only 7 transactions a second
2. Wastes GPP/CPU Power
3. Wastes electrical energy
4. Mega high transaction costs.

VISA-Card works without Pow and is fifty times faster and can deal with 25,000 TPS
so we just need a system a bit like this that we own and control instead of the bankers plus
the rip off miners that have proven to be even worse than the bankers

In other words the king has no clothes on.
  

Well the slow TPS is because it's not as easy for a decentralized blockchain system to process that many transactions at that speed.
However I think somewhere in the cryptocurrency space there will be a developer who is able to solve this problem because there is a lot of smart devs out there just sayin.

[paolo099]

thank you too for selling everything and leave this cruel BTC world at the first sight of a dip.
Hopefully you will not regret it as soon as BTC will be back on track and stronger than before, it was a pleasure to have you with us.
We wish you farewell and best of luck with your BCH or whatever you will get.

[Ucy]

Bitcoin is great because it is resilient & a bit predictable. It has gone through alot of challenges in a long time yet remains strong. It's more predictable than other Cryptocurrencies. Investors love resilience and the predictability.

 It's not really about technology. Infact, Altcoin technologies won't have serious affect on Bitcoin because of its market size and being the most resilient. On the other hand alittle tech upgrade for Bitcoin will seriously affect many crypcurrencies and a big upgrade could wipe many out of existence.

[GreenBits]

Alright

"Bitcoin is king" "Bitcoin will keep growing" "Bitcoin is the leader" "Bitcoin will never be replaced" -newbie.
Why are people still so convinced about this?

Bitcoin is great, we learned a lot of it. Without Bitcoin we wouldn't have those other cryptocurrencies.
But just because Bitcoin is the pioneer doesn't mean it can't be replaced.
Bitcoin Cash is just a clone with bigger blocks, this will only solve the problem temporarely. So forget about it.

It's clear that Bitcoin isn't the best coin anymore. Problem is because of all this hype there is a lot of new dumb money that only see Bitcoin's insane price growth. That kind of people that leave their money on Coinbase is what I'm talking about (for long term).

..
I know theres gonna be a lot of fanboy hate coming to this post. Don't make them ruin this topic please.

Thanks to those who made Bitcoin possible, we will never forget you. But now it's time to move on.


DEAL WITH IT!!

Most of the folks on here that would claim bitcoin purism actually dabble in alts on the side. that why they have such strong opinions, its from immersion moving on...

Ill name some names dammit. ETH. And any other coin with an independent block chain (none of these ERC20 tokens). the reason? there is no way in hell smart contracts are going to work as a layer on the Bitcoin block chain, given the level of congestion going on now with this low level of adoption. people are digging the trust less nature of these things, even though the trust of the entire scheme is only as good as the contract is coded. I digress. the coins designed to facilitate this will be the most valuable, esp the ones that are proposed as business solutions rather than end user products.

[Anti-Cen]

Ill name some names dammit. ETH. And any other coin with an independent block chain (none of these ERC20 tokens). the reason? there is no way in hell smart contracts are going to work as a layer on the Bitcoin block chain, given the level of congestion going on now with this low level of adoption. people are digging the trust less nature of these things, even though the trust of the entire scheme is only as good as the contract is coded. I digress. the coins designed to facilitate this will be the most valuable, esp the ones that are proposed as business solutions rather than end user products.

I semi like the concept of ETH with ETH being the network for distributing contracts (mini type of programs) and then charging "Gas" for hosting these programs
so that I could run a dirty as you like porn site (Joking) and no one could ever take it down but after looking at some of the code for these contracts it becomes
obvious that the scripting language (Java-script almost) is little more than a bean counter that runs on the network and allows you to store bean values in the block-chain so long as you keep paying "Gas" that must be paid for in ETH

Earning a bit of "Gas" by providing services to other ETH contracts that would allow them to validate credit card numbers via your service is not what
it is about (sad to say) because you are stuck with just talking within a closed system and cannot kick out using HTTP request and sockets to pull data
from the real world.

Fantastic for converting Red-Beans to Blue-Beans, having a balance and calling it money needed for a new ICO
and then having public history for the event held within and mixed up with the ETH block chain but not much
good for anything else from what I could understand.

I was kind of hoping for something like Tor's onion sites that would be fast and not going down if I un-plugged my
pc at home that hosts the site/service and would work without having to be accessed via Tor from the tinternet that
was Pay-as-you-Go for the service using ETH and GAS being charged based on the resources used by the site/program

Having said all that I think ETH has more to offer in it's own way than BTC were fork/clones might become ten a penny

[pratapadityasi]

Your views are very naive, I don't understand how can someone be so pessimestic if its about the value dip its nothing but corrections and all the disscussions about bitcoin being just a bubble are bullshit. As for the technical and dev side of things, bitcoin is getting great updates coming its way with the implementation of the lightning network.

You are right, clearly this person is not interested on actually research what is being done to improve BTC and just whine and wish BTC falls

[ZepaniZeppos]

Your views are very naive, I don't understand how can someone be so pessimestic if its about the value dip its nothing but corrections and all the disscussions about bitcoin being just a bubble are bullshit. As for the technical and dev side of things, bitcoin is getting great updates coming its way with the implementation of the lightning network.

You are right, clearly this person is not interested on actually research what is being done to improve BTC and just whine and wish BTC falls

You are not right. I am aware of developers working on solutions, but you can't deny that developers of other cryptocurrencies do a better job doing so. Other cryptocurrencies have a higher tps for example.

Off course you might feel bad by reading posts like mine because you are a fanboy

[Anti-Cen]

You are right, clearly this person is not interested on actually research what is being done to improve BTC and just whine and wish BTC falls

You must be talking about the Lightning Network so you might like to research this
https://www.youtube.com/watch?v=6V365_59-Lc
He explains the trade off with bigger block sizes to some degree in a way that none experts can understand too.

[ZepaniZeppos]

thank you too for selling everything and leave this cruel BTC world at the first sight of a dip.
Hopefully you will not regret it as soon as BTC will be back on track and stronger than before, it was a pleasure to have you with us.
We wish you farewell and best of luck with your BCH or whatever you will get.

lol thanks but I don't have BCH

[Anti-Cen]

have a higher tps for example.

Let me put some meat on them bones before we talk about paying for extra speed and out and out blackmail

Transactions per second
BTC=7
ETH=15
IOTA=100
VISA =25,000

BTC also has more raw CPU/GPU power at its disposal then the other three (heats up the earth it does)
but let me assume that you program systems for a living like me then which two would you say is
throwing 50,000 threads in a tight loop and not getting anywhere fast and what architecture do they
both have in common ?

Will send you $1.00 in BTC if you get the anser right and also agree to pay my transaction cost first

"lol thanks but I don't have BCH"

So your not into blind faith, you like facts, not fiction so what are you packing out of interest because it
might be worth my time looking ?

[humanvelocity]

Bitcoin isn't going anywhere at least not today, there's a lot more to come. Its value might drop and some other coin might take over for sure but I don't think that will be considered as a main coin. I wish it stays the same way to avoid confusions, Bitcoins followed by all other ALT coins. You may never know Bitcoins price might double again anything is possible in cryptoworld  .

[wartimekillers]

Agreed, I'm done with bitcoin when I'm paying high fees and stuck unconfirmed for 3 days earlier, even worse the price is falling on that 3 days, I sell my bitcoin immediately and shilling other coin, for me bitcoin loosing its real value, high fees, slow transcation. it's just hype and fomos train. yeah I'm butthurted by bitcoin so bad. for now I'm gonna stay away from it, its time to say goodbye until somebody will fix bitcoin scalability. Alfa Omega

[Renampun]

Alright

"Bitcoin is king" "Bitcoin will keep growing" "Bitcoin is the leader" "Bitcoin will never be replaced" -newbie.
Why are people still so convinced about this?

Bitcoin is great, we learned a lot of it. Without Bitcoin we wouldn't have those other cryptocurrencies.
But just because Bitcoin is the pioneer doesn't mean it can't be replaced.
Bitcoin Cash is just a clone with bigger blocks, this will only solve the problem temporarely. So forget about it.

It's clear that Bitcoin isn't the best coin anymore. Problem is because of all this hype there is a lot of new dumb money that only see Bitcoin's insane price growth. That kind of people that leave their money on Coinbase is what I'm talking about (for long term).

If people would look at things more objectlively things wouldn't have gone this way.
I'm not naming other coins because I don't wanna make this a pump post.

Too much dumb investors these days.. Bitcoin is no longer useable in a normal way but noobs will never realize because they never make a transaction to their own wallets because they don't even know it's decentralized and stuff...

I hope Bitcoin will fail soon. It has had enough time to be adapted to its use of today. Why can't Bitcoin be as good as other and better crypto's? I have no idea. But in my eyes it's already game over for Bitcoin.
I know theres gonna be a lot of fanboy hate coming to this post. Don't make them ruin this topic please.

Thanks to those who made Bitcoin possible, we will never forget you. But now it's time to move on.


DEAL WITH IT!!

there is a word you say is lacking, "Bitcoin is a miracle", and true I am also very grateful to who created Bitcoin, he is a hero

[ZepaniZeppos]

have a higher tps for example.

Let me put some meat on them bones before we talk about paying for extra speed and out and out blackmail

Transactions per second
BTC=7
ETH=15
IOTA=100
VISA =25,000

BTC also has more raw CPU/GPU power at its disposal then the other three (heats up the earth it does)
but let me assume that you program systems for a living like me then which two would you say is
throwing 50,000 threads in a tight loop and not getting anywhere fast and what architecture do they
both have in common ?

Will send you $1.00 in BTC if you get the anser right and also agree to pay my transaction cost first

"lol thanks but I don't have BCH"

So your not into blind faith, you like facts, not fiction so what are you packing out of interest because it
might be worth my time looking ?

Pretty much any other coin is faster than Bitcoin, I prefer Monero.

[Anti-Cen]

there is a word you say is lacking, "Bitcoin is a miracle", and true I am also very grateful to who created Bitcoin, he is a hero

He is the second coming of Jesus and this is the modern version of tipping the tables over of the money changers but he landed in Japan this time  

[ZepaniZeppos]

    Well,good luck to you. If it that your descision to leave bitcoin then goodbye.  You become obviously panic because of the price correction,it's just a little bit down not totally end and nobody knows the move of cryptocurrency,for sure bitcoin will climb again.

How many times do I have to say I'm writing this because of a price correction?

[ZepaniZeppos]

there is a word you say is lacking, "Bitcoin is a miracle", and true I am also very grateful to who created Bitcoin, he is a hero

He is the second coming of Jesus and this is the modern version of tipping the tables over of the money changers but he landed in Japan this time  

So you are basically saying that if Bitcoin dies it will come back to life? Ya know like Jezus did once yall remember that kids xD

Anyway that was a long time ago...

[wartimekillers]

Its not correction, there's 300000 unconfirmed transaction yesterday, its some serious problems. and what would you do if you have that shiny gold but you can't spend it, or even moving it? its become useless