Bitcoin is useless

[kkaroul4]

In my opinion, Bitcoin is not meaningless. Because people around the world are aware of bitcoin that bitcoin is one of the ways to make money online. It is not rare in the world.

if I think that bitcoin thinking does not mean it is wrong. because most people who wrestle the world of crypto and bitcoin is certainly getting great results from the world of crypto and bitcoin. because in the online world of great opinion is from bitcoin and from the world of crypto

[1714844504]

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[1714844504]

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[BabyBoss]

I am amazed with number of people being fooled with BTC:

1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
9. Bitcoin has a limited supply, but it does not help much. Bitcoin has a code that can be amended and its enough of small group of people to work together to support that. Question really is: do someone need that hassle? No really. Bitcoin has satoshis, that currently meaningless and just nice numbers after dot, but this a very well painless way to inflate any crypto currency and its up to liquidity providers. Again it falls to point #5 and #6. Added on 24/01/2018

Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.

Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.

BTC is scam of the century, stay away.

UPDATE 12/02/2018:

As this forum full of bots, I will emphasize one question from the user:

Ok, for all of you that insist that Bitcoin is not useless, tell me!

What do you use Bitcoin for?

Please don't tell me what it could be used for or how other people might use it. I want to know how you use it. Also, please don't tell me about trading or hodling. Those are not uses.

Hope to get constructive answers.

UPDATE 11/02/2018:

One by one, it becomes recognizable that Bitcoin at this stage is very useless. DarkNet, is the one who started one, and the one who will make a dump: https://cointelegraph.com/news/is-darknet-done-with-bitcoin

This is a very worried signal

UPDATE 30/01/2018:

Bitcointalk, and many other crypto related forums are heavily manipulated by bots, the amount of useless posts and conversation is just crazy. Even look at this thread, so much messages about "it will make me reach", "it growing", "I am going to be wealthy" so much manipulation, only in ponzi game this possible. It proves just on how bitcoin is useless, because 90% of people just copy paste message from bots, even not knowing basic fundamentals.

UPDATE 29/01/2018:
Few points were made here that are unfair:

1. Bitcoin is a first one, its revolutionary and so on and so forth, wrong, Bitcoin is a client that is build on top of practices that were developed and test long time before Bitcoin e.g. Proof of Work, Hashcash, eCash, bit gold, Merkle Tree, Peer-to-Peer,Byzantine fault tolerance etc.

2. Bitcoin is still in development and it needs a time and so on and so forth, really? its a 10 years old technology. Its usage is very easy predictable, no rocket science here. Scailibility problems were addressed long time ago. But like in every corrupted government, Bitcoin has biased devs, greedy miners and exchanges driven by capitalists. Why to care about tech? When everyone is just become wealthy on nothing. This is why its scam and this is how it become useless, because everyone only cares about price, not utility on day-to-day basis. Typical ponzi game.

3. Bitcoin is store of value, fake as is. Everything that has Blockchain underneath is store of value, Bitcoin is neither exception nor unique here. And again it has no value, because there is no utility. Remove exchanges from equation, and tell me how much BTC will be worth 1 pizza?

UPDATE 24/01/2018:

Everyone is amazed of why I called it useless, well, recently Stripe dropped support for Bitcoin payments. This is the prove of Bitcoin being useless. Stripe was not the only one in recent months to do so. It should ring a bell.


UPDATE 23/01/2018:

useless, guys the fact that some of you become reach and wealthy does not make Bitcoin useful. You wealth does not come from values that are used in propaganda.

1. Why I am still here? I believe there are technologies that are better maintained and lead than BTC, I prefer put money in something that bring value, has use-case and been used.
2. LN is panacea! Well not, so far its more dream than reality, no doubt it will be delivered in one or other way, but it will not solve all problems and so far it has more questions than answers.

Well, there are many traders now that saying that bitcoin is already dead, that bitcoin is turns to worthless and that bitcoin is useless because of the great dump of bitcoin now. But we all know that dump is temporary soon it will rise again and will soared High, expect that.

[surbanaB]

We all have different views in everything specially in bitcoin and i respect your opinion. But for me bitcoin is not useless in fact it helps a lot of peoole make lives better. Heard about an inspiring story of my classmate with regards to his bitcoin experience that makes me encourage to do bitcoin too. How his life changes and even quitted his job just to focus bitcoin and now he is getting what he want in his life.

I can’t agree with you more, your opinion is so great. All of us have the equal right to give our views to any aspect. With the one, who used to or even keeps always  being fail in this bitcoin market is usually have a bad view for this market. It’s so normal. For me, bitcoin is a big benefit, which can help not only me but also many people all over the world have chance to get an extra income and especially the unemployed can have a temporary job.

[TrumpD]

It has many flaws now yes!!! But I doubt something useless would be able to pull a lot of powerful moguls, in the financial sector, government sector, tech sector (Bill Gates) to chip in major opinion about it. Bitcoin and cryptocurrency is even being debated at a G20 summit, that says a lot. So it's not useless. And for point #9 having a limited supply can be a huge advantage, especially when demand becomes high. Simple supply & demand economics states "the higher the demand the higher the price." So it's not useless at all.

[snekinmyleg]

I am amazed with number of people being fooled with BTC:

1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
9. Bitcoin has a limited supply, but it does not help much. Bitcoin has a code that can be amended and its enough of small group of people to work together to support that. Question really is: do someone need that hassle? No really. Bitcoin has satoshis, that currently meaningless and just nice numbers after dot, but this a very well painless way to inflate any crypto currency and its up to liquidity providers. Again it falls to point #5 and #6. Added on 24/01/2018

Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.

Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.

BTC is scam of the century, stay away.

UPDATE 12/02/2018:

As this forum full of bots, I will emphasize one question from the user:

Ok, for all of you that insist that Bitcoin is not useless, tell me!

What do you use Bitcoin for?

Please don't tell me what it could be used for or how other people might use it. I want to know how you use it. Also, please don't tell me about trading or hodling. Those are not uses.

Hope to get constructive answers.

UPDATE 11/02/2018:

One by one, it becomes recognizable that Bitcoin at this stage is very useless. DarkNet, is the one who started one, and the one who will make a dump: https://cointelegraph.com/news/is-darknet-done-with-bitcoin

This is a very worried signal

UPDATE 30/01/2018:

Bitcointalk, and many other crypto related forums are heavily manipulated by bots, the amount of useless posts and conversation is just crazy. Even look at this thread, so much messages about "it will make me reach", "it growing", "I am going to be wealthy" so much manipulation, only in ponzi game this possible. It proves just on how bitcoin is useless, because 90% of people just copy paste message from bots, even not knowing basic fundamentals.

UPDATE 29/01/2018:
Few points were made here that are unfair:

1. Bitcoin is a first one, its revolutionary and so on and so forth, wrong, Bitcoin is a client that is build on top of practices that were developed and test long time before Bitcoin e.g. Proof of Work, Hashcash, eCash, bit gold, Merkle Tree, Peer-to-Peer,Byzantine fault tolerance etc.

2. Bitcoin is still in development and it needs a time and so on and so forth, really? its a 10 years old technology. Its usage is very easy predictable, no rocket science here. Scailibility problems were addressed long time ago. But like in every corrupted government, Bitcoin has biased devs, greedy miners and exchanges driven by capitalists. Why to care about tech? When everyone is just become wealthy on nothing. This is why its scam and this is how it become useless, because everyone only cares about price, not utility on day-to-day basis. Typical ponzi game.

3. Bitcoin is store of value, fake as is. Everything that has Blockchain underneath is store of value, Bitcoin is neither exception nor unique here. And again it has no value, because there is no utility. Remove exchanges from equation, and tell me how much BTC will be worth 1 pizza?

UPDATE 24/01/2018:

Everyone is amazed of why I called it useless, well, recently Stripe dropped support for Bitcoin payments. This is the prove of Bitcoin being useless. Stripe was not the only one in recent months to do so. It should ring a bell.


UPDATE 23/01/2018:

useless, guys the fact that some of you become reach and wealthy does not make Bitcoin useful. You wealth does not come from values that are used in propaganda.

1. Why I am still here? I believe there are technologies that are better maintained and lead than BTC, I prefer put money in something that bring value, has use-case and been used.
2. LN is panacea! Well not, so far its more dream than reality, no doubt it will be delivered in one or other way, but it will not solve all problems and so far it has more questions than answers.

There is a lot of specific evidence that you give is absolutely correct. But I think if bitcoin is useless, then people are investing in useless things. No, bitcoin is totally useful for everyone. Thanks to Bitcoin that transactions are faster

[zergenyt09]

I do not think BTC is useless, they have helped many people become richer in life. They have made the global economy more advantageous in trading. So I always love BTC. They are an advanced technology, advanced in the future.

No, bitcoin is not useless. Bitcoin is a digital and advanced technology it helps many people that become richer. Bitcoin is a history it jumps really high its very profitable. Gold is useless than bitcoin. investing in bitcoin in the right time when the prices does down and then waiting for the time to sell and make allot of money when the prices goes high so its all the game of patients.

[NA boom]

You are talking about well known weaknesses of the system, and for sure they are - at present - a big problem.
But they can be solved in future, so you can't call bitcoin a scam just because it's not still perfect.

It is really sad to hear these fake words for those who do not know about Bitcoin, but they have to comment. If the bitcoin is useless, then the number of users will not increase  Bitcoin users. Bitcoin is a highly valued currency. As a result, we get payment by online work and convert it into a real money and use it in different ways. I do not understand why they said  useless? I personally lover of bitcoin. So I believe Bitcoin. Bitcoin has its value and will have a lifetime.

[Docafid888]

Well its your choice mate, but i have seen my friends and myself benefited by bitcoin a lot, the risk is always there. But there are no such a thing that big to gain without a risk.

[Codename23]

Maybe the management of bitcoin have failed to provide a better or the best for their investors or employees/workers.But bitcoin is not useless or fully useless. Because they are still helping others or giving others the pay that they deserve or need. Andd also it is not useless because many people are still investing in bitcoin.

[Bella Thorne]

I can't find any reason that bitcoin is useless when someone is benefitted from it. Bitcoin is a big help to anyone, it just need patience and you need to educate yourself about bitcoin.

That is not true, bitcoin is really useful for us, and for me bitcoin will never be useless for all people here in crypto, and i am a fan of bitcoin, and bitcoin is really helping me to became profitable and since i started to trust bitcoin, i know that it will help me to became rich in the future.

[Ghayoor]

Bitcoin at this point is holding its value because its a legacy coin. I think its always going to have value based on the fact that it was the first ever cryptocurrency. You should look at it like gold. Gold is pretty useless too but the reason why its so valuable still is because it has so much history. Bitcoin is basically digital gold at this point

This is so absurd to give a statement declaring that bitcoin is nothing practical. People have built new houses, start new businesses, driving new cars just because of investing large amounts into bitcoin. These are all the practical uses of bitcoin.

Those transactions that needed weeks and third parties are now done within few hours without any interference from third party. So please think before spreading such things. 

I would understand and respect people who have negative comments about bitcoin. Perhaps, they have come up these perspectives due to their bad experiences in bitcoin. But I think when you know about how bitcoin works and its functionalities then you will be able to know its advantages and benefits. Don't lose hope it's not the end yet, if you find bitcoin useless, give another try.

ni agree with you it's true bitcoin is very popular and helpful currency its actually helping humanity it change a life of thousand of people

[Apple Mac]

I personal like Bitcoin. If you think Bitcoin is not right for you. There are other alternative coins out there with cheap transaction fee.

I agree with that, the potential of this currency has been extend to different countries, in my country we are able to pay bills , reload our cards for transfortations and invest with the help of this currency, I am very thankful that somebidy introduced this platform to me and J was very grateful for every profit that I have earned here, just look into the posirive attributes of this currency.

[really01]

I like your views! I also have a piece of think like you. However, I find btc not too useless. It is currently not being used properly, and many people use it for personal gain. true btc is slow, by simply it is the pioneer.

[natsu_koo]

Look! dude, i see what you are trying to convey here and you have a point and i respect that, but isn't it harsh to call bitcoin useless? It is harsh for me, literally. I mean bitcoin is not useless. It can only be call as useless if it has no use at all but come on dude there are lot of people using bitcoin in exchange of fiat money. They are using their bitcoins in paying their bills because it is more convenient than fiat money where they are going to fall in line to pay for their bills, and that is one good example why bitcoin is not useless.

[jakoylantern]

For me, bitcoin is not useless maybe you want to point out the disadvantages of bitcoin. Yes, you can say that bitcoin is futile because some country prohibits it and now the bitcoin’s value is meager that you lose some money. But bitcoin is not useless some people use bitcoin to earn some extra income that they can use to their daily expenses, using it to buy the things that they want on the internet, transacting some money with less fee, fast and anonymous any many things more.

[BitProCoin]

I kind of agree on things you say and the longer it goes, I feel impatient on how bitcoin will end up. Bitcoin is becoming a global headline but it's still like a product that still needs a finishing touch.

[mersal]

We do respect your opinion. But for us bitcoin is a big help to us because we earn a lot of money on it. For me to have work and I'm in bitcoin I save a lot of money so bitcoin is useful.

We don't say with one reason bitcoin is useless but bitcoin is not an cent percentage trustable so we are the decision makers to make a decision to get profits or losses in bitcoin investment so i think this topic depends on the investors.

[Hannahanto]

We do respect your opinion. But for us bitcoin is a big help to us because we earn a lot of money on it. For me to have work and I'm in bitcoin I save a lot of money so bitcoin is useful.

We don't say with one reason bitcoin is useless but bitcoin is not an cent percentage trustable so we are the decision makers to make a decision to get profits or losses in bitcoin investment so i think this topic depends on the investors.

It depends upon each and everyones usage. If you trust bitcoin it is very useful , otherwise it is useless. Ofcourse holding bitcoin is risk if price not increase its very loss only. On the otherhand if price increases the profit would be more. Bitcoin is not trusted by everyone but at the same time lot of people now ready to invest in bitcoin.  The price if bitcoin is not suitable right  now. This is the time to invest in bitcoin while its price is low.

[bitzizzix]

I think it's a funny question, maybe bitcoin is useless if the one using it is useless or not using it well. bitcoin for me personally is very useful and very helpful to me in financial problems and economic needs. and bitcoin will be very useful if its use is used properly and utilize it well.

[Suguha]

Bitcoin is not useless because bitcoin can improve the daily life of the bitcoin users by the salary that they get after the campaign that they joined. Bitcoin is not useless because it can help to lessen the poverty and unemployed of the country.