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Author Topic: Time to Face Reality in 2017 ...  (Read 5244 times)
Bunsomjelican
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September 05, 2017, 09:36:22 AM
 #121

Only time will tell, but if you just do nothing then you are doomed. Bitcoin needs to improve. Not because we want a better Bitcoin, but because mass adoption is right now not possible with Bitcoin. It is like driving a car and telling everybody how much better it is then walking, but at the same time you have not enough seat and if everybody would jump on the car would break down and go nowhere. I believe that if something better comes along it will overtake Bitcoin. The advantage Bitcoin has right now is that not many people see the problems with Bitcoin and even less are willing (or have the ability) to look at alternatives and invest in them (besides some traders who just want to make a buck).   

That's a good illustration you gave about bitcoin being mass adopted. Indeed bitcoin needs it improve some more. But imposing such improvements will require a lot of effort because of how bitcoin was coded. There have been real great debates already from the leading developers, critics, and supporters of bitcoins about the chance they are cooking up to improve bitcoins but I think it will take time before we adopt an improvement.

Segregated Witness should solve the blocksize issue and mass adoption will occur shortly after that ..
Well, I think all of what you just said in this topic was only your speculations. Like bitcoin is evil, bitcoin is dead, due to look what's the value of bitcoin now. Is this the kind of dead you are talking about were more investors and users are both increasing.
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centralbanksequalsbombs
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September 24, 2017, 11:31:28 PM
 #122


Love this (read it backwards or cheat and scroll-down)

It's time to face reality in 2017
Bitcoin is not the currency of the future
We need to stop listening to self-proclaimed experts and hack economists who say
Bitcoin will change the world

The Bitcoin experiment has finally been resolved. Everybody was wrong:
Bitcoin is dead.

Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought
‘Bitcoin is just an experiment.’

Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because
It’s still early days. Something better will come along and replace it.
People were wrong when they said
Bitcoin will bring reliable self-banking to the unbanked in third world countries.
Smart people understand that
Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens.
In order to fight terrorism, the government tracks everything you do online.
Personally, I’m tired of living in a world where
Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes.
It’s actually just a myth that
Bitcoin is good for the world.
That’s dead wrong.
You aren’t smart enough to use Bitcoin; it will never be adopted by the masses.
Economists like Paul Krugman keep saying
Bitcoin is evil.
I don’t believe that
Bitcoin can make the world a better place by empowering people.
All you can do with Bitcoin is buy drugs. And maybe a hitman.
It just isn’t true that
Bitcoin can be used for good as well as bad.

It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know

Bitcoin was born in sin.
Charlie Stross wants Bitcoin to die in a fire. He says
Bitcoin is evil.
I’m tired of hearing that
Bitcoin is actually close to mass adoption.

The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says

The experiment is over – Bitcoin has failed.
Only fools believe that
But wait – isn’t this all backwards?! Read the article in reverse:

[Original article by Dr. Michael Moriarty published at http://darknetmarkets.com/time-face-reality-2017/ . Dr. Michael Moriarty is the owner of https://TorWallet.com and one of the largest Bitcoin holders in the world.]


BACKWARDS

Backwards:

But wait – isn’t this all backwards?! Read the article in reverse:
Only fools believe that
The experiment is over – Bitcoin has failed.
The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says
Bitcoin is actually close to mass adoption.
I’m tired of hearing that
Bitcoin is evil.
Charlie Stross wants Bitcoin to die in a fire. He says
Bitcoin was born in sin.
It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know
Bitcoin can be used for good as well as bad.
It just isn’t true that
All you can do with Bitcoin is buy drugs. And maybe a hitman.
Bitcoin can make the world a better place by empowering people.
I don’t believe that
Bitcoin is evil.
Economists like Paul Krugman keep saying
You aren’t smart enough to use Bitcoin; it will never be adopted by the masses.
That’s dead wrong.
Bitcoin is good for the world.
It’s actually just a myth that
Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes.
Personally, I’m tired of living in a world where
In order to fight terrorism, the government tracks everything you do online.
Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens.
Smart people understand that
Bitcoin will bring reliable self-banking to the unbanked in third world countries.
People were wrong when they said
It’s still early days. Something better will come along and replace it.
Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because
‘Bitcoin is just an experiment.’
Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought
Bitcoin is dead.
The Bitcoin experiment has finally been resolved. Everybody was wrong:
Bitcoin will change the world
We need to stop listening to self-proclaimed experts and hack economists who say
Bitcoin is not the currency of the future
It's time to face reality in 2017


You're welcome.

one of my favorite posts of all time.

Judging from the replies that came after, I think people are posting in this forum and not really reading at all. Is the above too tough to understand even after spelling out the BACKWARDS part?

You guys read it the backwards way right? Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

Just a reminder to newbies:
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.


Efforts by any country's central bank or government to regulate bitcoin will accelerate that country's demise of fiat value. These costs of such attempts and many other costs are absorbed by monetary inflation - making fiat even more worthless over time. Fiat system has been broken for decades. Bitcoin however had reached escape velocity globally 4-years ago in 2013 thus will continue to rise & be adopted as it is the only escape from financial slavery and an opt-out of war-making, slave-labor producing central bank regimes.

Fiat around the world is heavily infested, broken and burdened by:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-false claims and insurance losses
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)

Bitcoin, systemically, is free from these burdens.
[/b]

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September 24, 2017, 11:39:34 PM
 #123

2017 is nearly gone and bitcoin still there
Not over yet, we still have 1/3 to go. Anyway, I'm willing to bet anyone that it's still going to be here by the end of the year and far from the lows of last year.

If we look at the curve of technology there are so many similarities. Bitcoin is acting exactly like all other game changing technologies. It started very slow for the first 3 years and then it boomed and kept multiplying its value. If you bought Bitcoin 2 years ago you've earned $4000 on each coin, that's an insane profit and whoever is saying it's not doing great is simply in denial.

it is no longer denied that bitcoin prices are getting crazy in every year
and this is one of the biggest benefits for investors
not just two years ago,
if we buy a lot of bitcoin in this year too, it is not impossible for the next few years bitcoin will multiply it to 3 or even 4 times from now
and it is very revealing if it really happened

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Yamifoud
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September 24, 2017, 11:44:31 PM
 #124

This year, bitcoin really grows very fast, and I hope it will always happen every year. Well, the popularity of bitcoin suddenly increases rapidly, I think for the next year it will be easier. Expect a bigger surprise by 2018.
Exactly, we must have to look forward and think positive in the future. I know there still a lot of challenge that may occur in bitcoin world, but I believe that bitcoin could still face it and take the challenge.Still bitcoin would hit in the market and I know their is a twist and surprises in price before the year end.

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Andre_Goldman
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September 24, 2017, 11:51:49 PM
 #125

in the meanwhile we still doing what we always have done 'flicking crypto switches' 

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centralbanksequalsbombs
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September 25, 2017, 12:36:47 AM
 #126

in the meanwhile we still doing what we always have done 'flicking crypto switches' 

Meaning?

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