Bitcoin is useless

[Dimid]

Everyone has an opinion on this, you have it, other people are different from yours ... and that's right. Some of the items mentioned in your message are not reliable. Especially now, new technologies such as Lightning Network come to Bitcoin, and from year to year it develops. However, bitcoin should be treated as gold: yes - uncomfortable, yes - expensive, yes - not very useful ... but it is a means to save investments.

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[tabas]

I admit that Bitcoin is kinda difficult to use for payments at this time, but I am hoping for a solution to this soon.

Before during the price peak it's undeniable that bitcoin is hard to use as payment because you have pay for higher fee than the product or service you are purchasing. But now it's different, fees are totally now and it's faster than before. There was just an attack that cause all the trouble before.

[Jackblack90909]

Bitcoin is surely useful, despite its volatility, and its martket unstability nowadays. It was proved that this crypto currency is very profitable, especially if you get good knowledge about it, and how to deal correctly with it, and if you choose the best ways to make money with BTC like holding, and trading.

[Ludwish]

Not everyone agree with your mind about bitcoin, its now still favor as one of the best investment in future to make easy profit

I agree. I think the Bitcoin is the store of value and use for trading. The bitcoin cash is a kind of money for daily use.

[Wowcoin]

Why are you telling bitcoin are useless? I think you are bitcoin are so useful especially to those people holding bitcoin and they are believe that bitcoin are is the great opportunity to those in need.

[aysg76]

Bitcoin is power of crypto if Bitcoin is useless then every thing in crypto is also worthless. Bitcoin is changing lives and soon all problems will be solved as lightning network is coming soon.

Bitcoin is not useless, bitcoin can change a life really well, bitcoin is a life changer for everyone who trust bitcoin, bitcoin is the best cryptocurrency and among the rest of crypto bitcoin has a very good future and bitcoin can also be the future of the world so for me bitcoin is not useless.

Yeah, after all its quite worthy of all thereby making its value that much high and today above than any other currency. However, recently the currency underwent a lot of restrictions but though it is quite useful and moreover a great digital asset despite its volatile nature. And dealing with it had always confirmed to be a productive one as it provides its users a grand profit...

[vergel24official]

Here's how you can tell that Bitcoin is worthless. Try to buy something with it. Try to buy something with all those millions of dollars that you've made it in your Bitcoin. It has no Market of exchange value. That means you can't buy anything with it. Can you buy a house? How about a car? How about some food? How about a striptease? Can you go to a bar near and buy a drink with your Bitcoin?. Anybody who would buy Bitcoin did not ask basic questions. What backs it who accepts it for payment. Nothing backs Bitcoin except for computer algorithms which is not anything. And virtually nobody accepts Bitcoin. So if you had one trillion dollars in Bitcoin it wouldn't be worth one Monopoly money note

[bummm]

I do not agree with you. Bitcoin helps many people make money and improve their lives. It is a pity that many do not understand this and miss the opportunity to make their lives better.   

[Denifriska]

I see your point.everything you said is the downside of bitcoin and it's true. However, we have different opinions.and for those people that has been helped by bitcoin, it is something useful to them. We have different needs. And there's no perfect business or crypto-currency such as bitcoin.but, if we're going to focus on the negative side, we will not see the advantages of it.

[nodtaut7]

Are they the disadvantage of btcs? if yes then i will still face them because every good things has a bad side effect

[concept2]

I do not agree with you. Bitcoin helps many people make money and improve their lives. It is a pity that many do not understand this and miss the opportunity to make their lives better.   

Yup. bitcoin does bring money to many different people and therefore, I believe that it is not really useless. Bitcoin is a way of making money to many people and it helps them to have a better life. Better think wisely before saying something. Otherwise people will hate you

[bobbykulot]

So why are you here if Bitcoin is useless for you?!
You know what, many people from here get rich because of Bitcoin and many people can have own job even at home they earn a lot of money because they deserve it they work hard to achieve what they want. And that is why I am entered Bitcoin to experience what they experience and most of all to support Bitcoin.

[coinxwife]

of course not in fact many are now better than before there lifestyle is now very much better than before,and i see mostly in this forum are sharing their experiences that they were so blessed while joining in this bitcoin,so how could you say bitcoin is useless to everybody,,,better try using or joining some campaigns for yo u to achieve the blessings too.

[handyhuman]

I respect your point of view when it comes to bitcoin. It wasn't entirely useless if a lot of people are benefiting from it. A lot of people get rich because of bitcoin and I think it is quite rude to say it was useless.

Honestly how we can judge that bitcoin is useless if many people considered to be rich now because of bitcoin and on how crypto currency change us from financially.

[Indiast3]

Bitcoins arent useless but they are designed in such a way that will seem that they are useless but actually they are more than gold

[themughni]

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.

off course, I can to transactions and investing. It's very useless

[ohlawdy]

Well even for those people that have no idea about btc and know it simply because they're making money from it, its not useless. People are benefetting financially. Maybe not in the transactional sense, where btc was supposed to be used, but as long as people get something out of it, it will be valuable

In order for someone to make money someone else needs to lose money , so that logic doesn't work here.

[Abuloool123]

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 lif

[Bitexpert2017]

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.

[Snaic]

In many ways, of course, you are right. During this time, bitcoin was very poorly used as a means of payment because it was not allowed to make its weak functionality. Also bad bitcoin as a crypto currency to date. However, we are assured that since September a lightning network will be introduced into the bitcoin. I recently read that it is possible to implement one more improvement that allows you to instantly make purchases by bitcoin, simply by bringing the mobile phone to the reader. Let's see what happens. However, I agree, this is still talk. And the developers bitcoin idle for years.