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Author Topic: Bitcoin is A joke and will never last.  (Read 19767 times)
findftp
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May 22, 2014, 01:08:46 PM
 #281



As for energy wasting, society wastes tons of energy: television shows, useless political trips and many other things. I think the solution is not to use less energy, but to change the way society deals with energy.


Just stop/prevent war and you spare a *lot* of energy.
Bombs and bullets are not productive, they are made to be destroyed.
If you take all military energy consumption together you could light up another sun.

Bitcoin will force peace on this planet. Amen.
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jbreher
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May 22, 2014, 06:55:26 PM
 #282

If you take all military energy consumption together you could light up another sun.

Your horrendous exaggeration weakens your otherwise important point.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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May 22, 2014, 07:10:28 PM
 #283

lol this topic is more like a joke.
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May 22, 2014, 07:12:29 PM
 #284

There's like 300 coins now and they're technically all better but Bitcoin remains king.



They are not all better.  Some are worse because they "tuned" parameters without having a clue.

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June 21, 2014, 07:23:51 PM
 #285

bitcoin fluctuates too much to be used a proper real world currency.

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cbeast
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Let's talk governance, lipstick, and pigs.


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June 21, 2014, 07:32:00 PM
 #286

bitcoin fluctuates too much to be used a proper real world currency.
1 BTC is always 1 BTC. The dollar fluctuates wildly against it.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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June 21, 2014, 07:44:12 PM
 #287

I understand that but say for example

 if I was in a line waiting for the new iphone 6 the guy in the front of the line would pay 0.85btc since the iphone costs $507.
By the time I get to the front of the line I would have to pay 0.95btc since the price has dropped.
Hyperinflation

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cbeast
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Let's talk governance, lipstick, and pigs.


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June 21, 2014, 08:15:03 PM
 #288

I understand that but say for example

 if I was in a line waiting for the new iphone 6 the guy in the front of the line would pay 0.85btc since the iphone costs $507.
By the time I get to the front of the line I would have to pay 0.95btc since the price has dropped.
Hyperinflation

You can always just buy the bitcoins as you spend them. Some vendors even give a discount for using bitcoins that's greater than the fees to purchase them so you save money.
Protip: buy bitcoins when lower and spend when higher.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Harley997
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June 21, 2014, 08:20:06 PM
 #289

bitcoin fluctuates too much to be used a proper real world currency.

bitcoin is still very small and is in it's infancy. As bitcoin evolves and matures it's price will become more stable.

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Febo
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June 21, 2014, 08:24:53 PM
 #290

True there are many better currencies, btc was just first and wil stay as most popular for soem more time.
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June 21, 2014, 08:43:15 PM
 #291

I understand that but say for example

 if I was in a line waiting for the new iphone 6 the guy in the front of the line would pay 0.85btc since the iphone costs $507.
By the time I get to the front of the line I would have to pay 0.95btc since the price has dropped.
Hyperinflation


Protip: buy bitcoins when lower and spend when higher.

I currently do this

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sifter
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June 21, 2014, 08:44:22 PM
 #292

bitcoin fluctuates too much to be used a proper real world currency.

bitcoin is still very small and is in it's infancy. As bitcoin evolves and matures it's price will become more stable.

yep, later on it should stable.

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June 21, 2014, 09:46:55 PM
 #293

I believe that bitcoin has a spot in this world and it is a global currency and it has a lot of qualities that many desire within their currency. I admit, it has some things that need to be figured out before its a safe investment. But in my opinion, its here to stay. Someone is always going to be willing to pay for these, even if they get outlawed....
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June 21, 2014, 09:53:41 PM
 #294

I understand that but say for example

 if I was in a line waiting for the new iphone 6 the guy in the front of the line would pay 0.85btc since the iphone costs $507.
By the time I get to the front of the line I would have to pay 0.95btc since the price has dropped.
Hyperinflation

The bitcoin price is irrelevant because they're still basing it on fiat. Just make an Iphone be worth 1btc and it will always be worth 1btc. People need to stop thinking in dollar terms.
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June 21, 2014, 10:25:56 PM
 #295

The average consumer is not going to partake in bitcoin when transactions can take hours or even days (currently waiting 3+ hours to move money between accounts). Bitcoin is a fad and will never be a real currency due to the massive draw backs that are built into the currency itself and can not be counted. One of the reasons to use Bitcoin was due to the low fees. The fees will continue to raise as mining cost increase and people have to pay higher and higher fees just to get their bitcoin moved to a new location.

You will never be able to walk into a shop and just pay for an item. You will have to wait untill the transaction is confirmed which is currently taking hours and will eventually take days/weeks.

Bitcoin will fail once a better digital currency is introduced.


Gold has the same limitations as Bitcoin, on a higher level, but did you see it fail over thousands of years?
Finchy
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June 21, 2014, 10:27:05 PM
 #296

This is clearly a troll thread. I don't understand why these fud threads arent locked or deleted.
CEG5952
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Buy and sell bitcoins,


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June 21, 2014, 10:28:57 PM
 #297

I can't imagine day-to-day transactions won't mostly be 0-confirmation. Hell, everything I've ever bought on Bitpay was 0-confirmation -- necessarily, due to their 15-minute invoice time.

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June 21, 2014, 10:29:43 PM
 #298



stop up old thread !
Ludi
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June 21, 2014, 10:33:31 PM
 #299

This is clearly a troll thread. I don't understand why these fud threads arent locked or deleted.

Troll or fud threads arent usually locked or deleted. This forum is pretty lax about this stuff. They usually get moved if theyre in the wrong place though.

KonstantinosM
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June 22, 2014, 04:16:23 AM
 #300

Bitcoin will succeed even more than troll threads.

Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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