Bitcoin is useless

[Samueltalk]

Use bitcoin in my opinion is as a means of payment with the nature of a simple and fast so that makes a transaction more efficient and not long-winded.

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[paulo1210]

i think its not useless, because some people earn from bitcoin or even getting rich. so its not useless

[bebtc]

Well, right now the this is useless but it is a lot of money and any monetary transaction will have similar issues.

[chrisculanag]

You said that because you get a traffic in blockchain , Imagine you in the fall in line situation what happen to you? your transaction need to many time to process. For me bitcoin is not useless i earn extra income with this , you can exchange bitcoin in any altcoin that you want . If the blockchain traffic just exchange your coins to dogecoin or ethereum . Dogecoin small fees and and fast transaction and ethereum same too but sometimes clogged chain. Dont say useless about this , just make an strategy how to make bitcoins useful for you , many people is replying to your post and give some idea to you . Go

[Saveplus]

No you cannot say that bitcoin is useless,because it can help many people financially.Bitcoin is decentralized and no third party can allow to see our transactions ,it is the only cryptocurrency that has a lower fees or charges  and transactions are faster.It is helpful to many of us this is not useless bitcoin is really worth it.In fact bitcoin teach me how to manage my finances and earn a lot in here..

[West0813]

How can you say that bitcoin is useless if it helps many people to earn money for their family. For us bitcoin is very helpful because of bitcoin i now provide the needs of my family.

[Dayx]

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.

yep, i agree with you, just because someone got rich doesn't mean it's useful.

"Bitcoin is designed to resolve a problem with a high transaction fee"
but, unfortunately right now bitcoin fee is really huge. it's even higher than transaction fee on my bank central.

Ethereum network is better, fast, cheap.
that's why i'm sticking with Ethereum rather than Bitcoin.

[lequocvuongpro]

Useless??. why you say such things? It is useful when you know how to use it.
By the potential it brings is enormous.

[Aristus]

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.

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.

This is something a mind blowing for meand a suppose to be 100% on the side of your opinion but calling bitcoin as useless breaks your entire points into nothing. What you said could be 100% true but I think this is not enough calling bitcoin as useless because without bitcoin there is no birth of altcoins or a decentralised called cryptocurrency.

[won99]

No you cannot say that bitcoin is useless,because it can help many people financially.Bitcoin is decentralized and no third party can allow to see our transactions ,it is the only cryptocurrency that has a lower fees or charges  and transactions are faster.It is helpful to many of us this is not useless bitcoin is really worth it.In fact bitcoin teach me how to manage my finances and earn a lot in here..

Yes, you are right. I am agree with you friends. Sometimes, the price of bitcoin is low, but we can not say that bitcoin is useless because bitcoin always support our financial. We must be patient and wait the price increase again

[exbase]

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

1. Transactions takes hours
2. Fees are high

Point 1 and 2 not true.
as exchange we do many little transaction like 0.00012345 daily.
we use really minimum transaction fees.

In December 2017 yes some transactions did take 2 weeks.
Now in January even if we use very small transaction fees, all transfers are confirmed and done in 10 minutes.

[boboking]

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.

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.

I agree on some of your points specially on number 1 and number 2, also most users recognized that Bitcoin is not the best technologically speaking among the crypto market, there are other coins which is faster and cheaper.  Calling it a scam is an exaggerated point of view.  If Bitcoin was not  created possibly there could be no altcoins.

3. Development team sucks, uncapable solve scalability issues for years - I somewhat agree with you in this one.
4. Its not anonymous, every solution to make it, failed so far - it depends on the user
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 ) - possible but hard to prove because of anonymity as of now this is what conspiracy theorist would say.
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 - ECON 101 Value is based on utility and scarcity - bitcoin has both trait.
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. - same reason with # 6
8. Its not insured, If some crap happened to your BTC, its gone. - Unfair to say it to bitcoin because all coins are like that.

[Johnny B]

That is just like saying Bitcoin is useless because it is very much in demand.

Argument fails, because as soon as there is less demand, transaction fees go down.

Solutions already in the works.

Same is true for gold.. not much for day to day yes, transaction fee/costs pretty high. But still used worldwide as store of value.

If not bitcoin, what? Some other sh*tcoin? Rest my case.

[Briancoll]

Well this is your personal opinion, perhaps even offended and lost money. But as we see the trend is such that a huge number of people believe in it and keep to the last, and many have already got a good profit. So your theory does not convince.

[Orino Suimuri]

What you are pointing on are well known problems, and for sure - at present - they make bitcoin almost useless, as currency.
But for example, gold is about useless in daily life, but this doesn't mean it has no value!
With technical improvement and wider acceptance, these problems will be bypassed.

[henzcorp]

LOL
If you hate bitcoin please leave it now.
Don't ever judge bitcoin user's.

[Alex_nutis]

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.

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.

In your message there are many facts with which I agree, almost all. In addition: the bitcoin community has no task to make it a means of payment and has never claimed that bitcoin is anonymous. I myself do not like bitcoin, but bitcoin is the standard. All altcoins are traded to bitcoin and are bought for fiat through it. Therefore, to it while there is a place in the cryptoworld.

[AmazingDynamo]

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.

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.

we cant please you to believe in bitcoin , you have you own believe and we respect that if you found out bitcoin is useless then you can leave it here , there a lot of users who can prove that bitcoin has future in this world .

[Erza]

What s the point here? Traffic is the only thing that bitcoin become useless? This is really ridiculous, just think it this way, if there is no bitcoin, I do not think that altcoin will come out, there will be no base on any altcoin here. I am pretty sure bitcoin has affection on any of us here, as long as you know how to maintain it well, then it will always be useful to us here. You need to think twice before you said bitcoin is useless

[Lpim01]

I really believe bitcoin had been created because it have a huge purpose for this present generation. And I know people in this forum really know what they are doing, seems to be nothing are fooled with btc. Do people change their lifestyle just because of this, and exactly they're doing this to adopt this 3rd world generation of currency.