Why Bitcoin is doomed to fail, and there's nothing you can do about it.

[Interized]

That's cure of course the user in denial, will point out Hard Drives will keep up!!! Even if they do keep up, nobody is going to spend hundreds of dollars just to run the blockchain.

Secondly, Bitcoin is still dead even if hard drives surpass it by 100000 times in capacity, for all the other reasons above.

Bitcoin can barley process 100K transactions, it starts slowing down haha. Good luck transacting millions a day.

As stated before even if it can fix all these problems governments will regulate it and make it useless. Yes compare bitcoins a digital currency to cars a something completely new, or TV's. It's going to be fun watching your hopes get shattered, having Bitcoin in such a high realm.

Bitcoin is basically a decentralized payment system, it's not revolutionary but evolutionary.

Again 5 years later 100K transactions a day, and 3M users Bitcoin is already dead, no help needed. For Bitcoin to succeed it needs to overcome all of the issues in the OP, not just 1 or two hand picked ones.

Sorry to have offend thee o Apple fanboys, reality hurts, literally it's a scary world out there, don't leave the comforts of your computerz, or real life will punish you. Like when you tell a normal real person about Bitcoin and they laugh in your face, or you waste an hour explaining to them how it works and they still don't use it.

But it's ok you always have your safe base here at Bitcointalk where apparently Bitcoin everybody wants to use Bitcoin and it's the greatest thing since sliced bread.

The beauty of it is, instead of you doing something about the issues outlined above like, getting a petition together and sending it to the Bitcoin foundation, you just deny everything.

Again 3M users in 5 years thats a whole .0005% of the whole worlds population, it's MAINSTREAM!

My god, so much babbling and so much stupid.

You have no clue what you are talking about.

Go back and research some basics, you are way off.

[JohnyBigs]

That's cure of course the user in denial, will point out Hard Drives will keep up!!! Even if they do keep up, nobody is going to spend hundreds of dollars just to run the blockchain.

Secondly, Bitcoin is still dead even if hard drives surpass it by 100000 times in capacity, for all the other reasons above.

Bitcoin can barley process 100K transactions, it starts slowing down haha. Good luck transacting millions a day.

As stated before even if it can fix all these problems governments will regulate it and make it useless. Yes compare bitcoins a digital currency to cars a something completely new, or TV's. It's going to be fun watching your hopes get shattered, having Bitcoin in such a high realm.

Bitcoin is basically a decentralized payment system, it's not revolutionary but evolutionary.

Again 5 years later 100K transactions a day, and 3M users Bitcoin is already dead, no help needed. For Bitcoin to succeed it needs to overcome all of the issues in the OP, not just 1 or two hand picked ones.

Sorry to have offend thee o Apple fanboys, reality hurts, literally it's a scary world out there, don't leave the comforts of your computerz, or real life will punish you. Like when you tell a normal real person about Bitcoin and they laugh in your face, or you waste an hour explaining to them how it works and they still don't use it.

But it's ok you always have your safe base here at Bitcointalk where apparently Bitcoin everybody wants to use Bitcoin and it's the greatest thing since sliced bread.

The beauty of it is, instead of you doing something about the issues outlined above like, getting a petition together and sending it to the Bitcoin foundation, you just deny everything.

Again 3M users in 5 years thats a whole .0005% of the whole worlds population, it's MAINSTREAM!

My god, so much babbling and so much stupid.

You have no clue what you are talking about.

Go back and research some basics, you are way off.

Yes i researched and Bitcoin is .0005% of the worlds population, retard much? Everything I have mentioned in the OP are well known documented issues, again retard much? Maybe you should research mental retardation hopefully a picture of you doesn't pop up and you can get the help you deserve.

While your at it, maybe you can learn better grammar so you don't give yourself away being from a shit 3rd world country, with malnutrition, causing you to fail at grasping simple concepts and ideas.

[Interized]

That's cure of course the user in denial, will point out Hard Drives will keep up!!! Even if they do keep up, nobody is going to spend hundreds of dollars just to run the blockchain.

Secondly, Bitcoin is still dead even if hard drives surpass it by 100000 times in capacity, for all the other reasons above.

Bitcoin can barley process 100K transactions, it starts slowing down haha. Good luck transacting millions a day.

As stated before even if it can fix all these problems governments will regulate it and make it useless. Yes compare bitcoins a digital currency to cars a something completely new, or TV's. It's going to be fun watching your hopes get shattered, having Bitcoin in such a high realm.

Bitcoin is basically a decentralized payment system, it's not revolutionary but evolutionary.

Again 5 years later 100K transactions a day, and 3M users Bitcoin is already dead, no help needed. For Bitcoin to succeed it needs to overcome all of the issues in the OP, not just 1 or two hand picked ones.

Sorry to have offend thee o Apple fanboys, reality hurts, literally it's a scary world out there, don't leave the comforts of your computerz, or real life will punish you. Like when you tell a normal real person about Bitcoin and they laugh in your face, or you waste an hour explaining to them how it works and they still don't use it.

But it's ok you always have your safe base here at Bitcointalk where apparently Bitcoin everybody wants to use Bitcoin and it's the greatest thing since sliced bread.

The beauty of it is, instead of you doing something about the issues outlined above like, getting a petition together and sending it to the Bitcoin foundation, you just deny everything.

Again 3M users in 5 years thats a whole .0005% of the whole worlds population, it's MAINSTREAM!

My god, so much babbling and so much stupid.

You have no clue what you are talking about.

Go back and research some basics, you are way off.

Yes i researched and Bitcoin is .0005% of the worlds population, retard much? Everything I have mentioned in the OP are well known documented issues, again retard much? Maybe you should research mental retardation hopefully a picture of you doesn't pop up and you can get the help you deserve.

Things you have mentioned in your OP have already been discussed a million times over, the fact you are trying to say BTC is doomed with the already proven to be wrong "facts" in your OP is just insane.

Maybe learn to Google or use the search forum instead of making yourself look like a moron.

[JohnyBigs]

That's cure of course the user in denial, will point out Hard Drives will keep up!!! Even if they do keep up, nobody is going to spend hundreds of dollars just to run the blockchain.

Secondly, Bitcoin is still dead even if hard drives surpass it by 100000 times in capacity, for all the other reasons above.

Bitcoin can barley process 100K transactions, it starts slowing down haha. Good luck transacting millions a day.

As stated before even if it can fix all these problems governments will regulate it and make it useless. Yes compare bitcoins a digital currency to cars a something completely new, or TV's. It's going to be fun watching your hopes get shattered, having Bitcoin in such a high realm.

Bitcoin is basically a decentralized payment system, it's not revolutionary but evolutionary.

Again 5 years later 100K transactions a day, and 3M users Bitcoin is already dead, no help needed. For Bitcoin to succeed it needs to overcome all of the issues in the OP, not just 1 or two hand picked ones.

Sorry to have offend thee o Apple fanboys, reality hurts, literally it's a scary world out there, don't leave the comforts of your computerz, or real life will punish you. Like when you tell a normal real person about Bitcoin and they laugh in your face, or you waste an hour explaining to them how it works and they still don't use it.

But it's ok you always have your safe base here at Bitcointalk where apparently Bitcoin everybody wants to use Bitcoin and it's the greatest thing since sliced bread.

The beauty of it is, instead of you doing something about the issues outlined above like, getting a petition together and sending it to the Bitcoin foundation, you just deny everything.

Again 3M users in 5 years thats a whole .0005% of the whole worlds population, it's MAINSTREAM!

My god, so much babbling and so much stupid.

You have no clue what you are talking about.

Go back and research some basics, you are way off.

Yes i researched and Bitcoin is .0005% of the worlds population, retard much? Everything I have mentioned in the OP are well known documented issues, again retard much? Maybe you should research mental retardation hopefully a picture of you doesn't pop up and you can get the help you deserve.

Things you have mentioned in your OP have already been discussed a million times over, the fact you are trying to say BTC is doomed with the already proven to be wrong "facts" in your OP is just insane.

Maybe learn to Google or use the search forum instead of making yourself look like a moron.

Whats funny is your the one that looks like a moron denying the things everyone knows about bitcoin lmao.

[Interized]

That's cure of course the user in denial, will point out Hard Drives will keep up!!! Even if they do keep up, nobody is going to spend hundreds of dollars just to run the blockchain.

Secondly, Bitcoin is still dead even if hard drives surpass it by 100000 times in capacity, for all the other reasons above.

Bitcoin can barley process 100K transactions, it starts slowing down haha. Good luck transacting millions a day.

As stated before even if it can fix all these problems governments will regulate it and make it useless. Yes compare bitcoins a digital currency to cars a something completely new, or TV's. It's going to be fun watching your hopes get shattered, having Bitcoin in such a high realm.

Bitcoin is basically a decentralized payment system, it's not revolutionary but evolutionary.

Again 5 years later 100K transactions a day, and 3M users Bitcoin is already dead, no help needed. For Bitcoin to succeed it needs to overcome all of the issues in the OP, not just 1 or two hand picked ones.

Sorry to have offend thee o Apple fanboys, reality hurts, literally it's a scary world out there, don't leave the comforts of your computerz, or real life will punish you. Like when you tell a normal real person about Bitcoin and they laugh in your face, or you waste an hour explaining to them how it works and they still don't use it.

But it's ok you always have your safe base here at Bitcointalk where apparently Bitcoin everybody wants to use Bitcoin and it's the greatest thing since sliced bread.

The beauty of it is, instead of you doing something about the issues outlined above like, getting a petition together and sending it to the Bitcoin foundation, you just deny everything.

Again 3M users in 5 years thats a whole .0005% of the whole worlds population, it's MAINSTREAM!

My god, so much babbling and so much stupid.

You have no clue what you are talking about.

Go back and research some basics, you are way off.

Yes i researched and Bitcoin is .0005% of the worlds population, retard much? Everything I have mentioned in the OP are well known documented issues, again retard much? Maybe you should research mental retardation hopefully a picture of you doesn't pop up and you can get the help you deserve.

Things you have mentioned in your OP have already been discussed a million times over, the fact you are trying to say BTC is doomed with the already proven to be wrong "facts" in your OP is just insane.

Maybe learn to Google or use the search forum instead of making yourself look like a moron.

Whats funny is your the one that looks like a moron denying the things everyone knows about bitcoin lmao.

>> Maybe learn to Google or use the search forum instead of making yourself look like a moron.

[JohnyBigs]

Inter,

Pretending it's not there does not make it so. A tip for real life when you go out there one day.

[dmonaldo]

Look, BTC is a framework, and when mass adoption comes, it will be hidden beneath a layer of fluff known as "consumer clients". And with more more than $10 billion invested in the currency, people will not just let it disappear all of a sudden.

And as for transactions, it will be possible to have instantaneous transactions between wallets on the same provider. While this may lead to a monopoloy, it will solve the problem of long durations of confirmation time. Read http://bitcoinmagazine.com/5474/solving-the-slow-inperson-transaction-problem/

[JohnyBigs]

Look, BTC is a framework, and when mass adoption comes, it will be hidden beneath a layer of fluff known as "consumer clients". And with more more than $10 billion invested in the currency, people will not just let it disappear all of a sudden.

And as for transactions, it will be possible to have instantaneous transactions between wallets on the same provider. While this may lead to a monopoloy, it will solve the problem of long durations of confirmation time. Read http://bitcoinmagazine.com/5474/solving-the-slow-inperson-transaction-problem/

Like I mentioned in the OP, if Bitcoin succeeds it will be a heavy centralized version, but again as of right now it can never become mainstream as it can't handle more than about 600K transactions/day.

What is the point if Bitcoin becomes another centralized crypto currency? There isn't any, then it just becomes another Ripple, another dollar, another Paypal.

[Interized]

Inter,

Pretending it's not there does not make it so. A tip for real life when you go out there one day.

Pretending like you know what you are talking about does not make it so.

A tip for real life when you "go out there one day".

[ljudotina]

Everything he wrote stand on its own. Problem is that assumption is that Bitcoin wont change in time, which is kinda flawed. I think that Bitcoin has ability to addept and survive and get much stronger than it is today.

[Interized]

Everything he wrote stand on its own. Problem is that assumption is that Bitcoin wont change in time, which is kinda flawed. I think that Bitcoin has ability to addept and survive and get much stronger than it is today.

Yes, BTC constantly and quickly adapts, the OP states many assumptions that he is trying to write off as fact.

/end this stupid thread

[Bismarckbkk]

Bitcoins only real value as a currency is its anonymity and is therefore mostly attractive for people who need to be anonymous.

It is not an alternative for every day people. You cant pay your electricity with btc.

Yes you can buy some retail stuff with bitcoin but why would you when you could just use fiat and save the exchange fees? And the buisiness accepting bitcoin must also exchange it to fiat which incurs them extra costand which the consumer will pay for.

Whats the economic incentive to use bitcoin?

What is bitcoin used for ? Its use has been mostly for drug transactions and other black market activities.

It has not been transformed into a currency that compete with the power that a state has.

How do you buy bitcoin, thats right you must transfer to an exchange which incurs fees and that negates the whole point bitcoins cheap transaction fees.

Its major use at this point is speculation.

Eventually the governments will curtail it back to its original and only practical use.

Guns > BTC

[prolinx]

How can u be a Senior Member with activity of 224 and post such bullshit?

Embarrassing.

Why is it bullshit? Because it attacks your precious feeble coin? Does the truth hurt you? Does it make you cry?

hes speaking the truth but its a foreign language to yall

[Interized]

How can u be a Senior Member with activity of 224 and post such bullshit?

Embarrassing.

Why is it bullshit? Because it attacks your precious feeble coin? Does the truth hurt you? Does it make you cry?

hes speaking the truth but its a foreign language to yall

"Double spends are already occurring, and have occurred since over 1.5 years ago, and it will only get worst as time goes on, and bigger merchants and higher ticket items come online the then you will really see the “bad pool operators” start to take advantage of this. "

Yeahh... no. LOL

He then assumes all the pools are united and double spending.. but this cannot even happen without someone noticing.. Like holy shit the OP is just BEYOND stupid.

[JohnyBigs]

How can u be a Senior Member with activity of 224 and post such bullshit?

Embarrassing.

Why is it bullshit? Because it attacks your precious feeble coin? Does the truth hurt you? Does it make you cry?

hes speaking the truth but its a foreign language to yall

"Double spends are already occurring, and have occurred since over 1.5 years ago, and it will only get worst as time goes on, and bigger merchants and higher ticket items come online the then you will really see the “bad pool operators” start to take advantage of this. "

Yeahh... no. LOL

He then assumes all the pools are united and double spending.. but this cannot even happen without someone noticing.. Like holy shit the OP is just BEYOND stupid.

It's cute how you make yourself look retarded lmao.

https://bitcointalk.org/index.php?topic=130764.0
https://bitcointalk.org/index.php?topic=152348.0
https://bitcointalk.org/index.php?topic=327767.0

Yes people noticed that ghash.io double spend, guess what it's still 29% of the network, I think it's time for you to go, little children or adults with the mental capacity of little children shouldn't be allowed on teh interwebz

[Interized]

How can u be a Senior Member with activity of 224 and post such bullshit?

Embarrassing.

Why is it bullshit? Because it attacks your precious feeble coin? Does the truth hurt you? Does it make you cry?

hes speaking the truth but its a foreign language to yall

"Double spends are already occurring, and have occurred since over 1.5 years ago, and it will only get worst as time goes on, and bigger merchants and higher ticket items come online the then you will really see the “bad pool operators” start to take advantage of this. "

Yeahh... no. LOL

He then assumes all the pools are united and double spending.. but this cannot even happen without someone noticing.. Like holy shit the OP is just BEYOND stupid.

It's cute how you make yourself look retarded lmao.

https://bitcointalk.org/index.php?topic=130764.0
https://bitcointalk.org/index.php?topic=152348.0
https://bitcointalk.org/index.php?topic=327767.0

When will you actually learn to read and properly research something?  

DISCLAIMER: The following post shows the risk with accepting bitcoin transactions with no confirmations. This could not have been done if the transaction had a confirmation.

[dewdeded]

Embarrassing. Ban OP.

/thread

[Interized]

Embarrassing. Ban OP.

/thread

Not ban, he needs to learn.

[sublime5447]

Those are all real problems but most are relatively easy to fix... The real reason that bitcoin is doomed to fail is that it is not currency. The fatal flaw with bitcoin is that it is not definable and has a fixed supply.

1 unit of currency = 1 joule of work!!!   

[JohnyBigs]

How can u be a Senior Member with activity of 224 and post such bullshit?

Embarrassing.

Why is it bullshit? Because it attacks your precious feeble coin? Does the truth hurt you? Does it make you cry?

hes speaking the truth but its a foreign language to yall

"Double spends are already occurring, and have occurred since over 1.5 years ago, and it will only get worst as time goes on, and bigger merchants and higher ticket items come online the then you will really see the “bad pool operators” start to take advantage of this. "

Yeahh... no. LOL

He then assumes all the pools are united and double spending.. but this cannot even happen without someone noticing.. Like holy shit the OP is just BEYOND stupid.

It's cute how you make yourself look retarded lmao.

https://bitcointalk.org/index.php?topic=130764.0
https://bitcointalk.org/index.php?topic=152348.0
https://bitcointalk.org/index.php?topic=327767.0

When will you actually learn to read and properly research something?  

DISCLAIMER: The following post shows the risk with accepting bitcoin transactions with no confirmations. This could not have been done if the transaction had a confirmation.

I never mentioned about confirmations, just mentioned that they have occured, since everybody on here always says ohhhh just accept 0 confirmations for instant payments.

Don't worry though it's only a matter of time before a confirmed double spend occurs, and even then there are a dozen other issues that will cause Bitcoin to fail.