Bitcoin is A joke and will never last.

[MICRO]

Hehe joke that will never last It  is lasting from 2009 till now , joke can't last that long .

[DanielVG]

If bitcoin is a joke then I've been laughing for a while though...

[UltraPleb]

I agree that BTC isn't the one and only crypto - others will succeed on our failings - that's nature.

[MICRO]

I agree that BTC isn't the one and only crypto - others will succeed on our failings - that's nature.

I agree to . There are some "better" , faster coins. Just "world" is having trouble accepting bitcoin, so i don't thinks that some alt coins will made it big anytime soon .

But bitcoin is here to stay.

[allaa]

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.

did you acctualu used visa recently ? or bitcoins have certain advantages normal money doesnt have. People are suing them not becouse they act like blind ship fallowing the others. they use them becouse they see certain diference, diference that makes actual damn good reason to use them. Reasons that you should alredy notice, and if you havent, I cant find any reason to talk with you about it

[MakeBelieve]

bitcoin can make you happy and improve your outlook on the future,once you hear it you get tempted to tell others, to improve their life,there are a few things in life that get spread around the world, and everyone hears about no matter what language, which enriches their lives. and one of those is a good joke.

It is the future but it can also eat up a lot of your time and decrease your level of happiness.

[cverity]

Have you noticed that in most establishments, you no longer have to sign a credit card receipt for small purchases?

That's because someone finally figured out that it's not worth slowing down the purchases for 999 people, in order to have physical evidence for that 1 person that cheated them out of a $10 purchase.

Same with BitCoin. No one is going to force you to stand there and wait for 1 confirmation, much less 6, on a $5 latte.  The minuscule risk is built into their business model. As soon as the transaction shows up pending on a large node or two (which takes what, 1-2 seconds?), there is no reason to not accept the transaction.  Between the lower transaction fees and no charge backs, their risk is far less than that of a credit card.

Sure, if you are buying a Ferrari, you'll be waiting around for all 6 confirmations. But when's the last time you put a Ferrari on a credit card? (Hint: They won't accept anything but a small deposit on a credit card because of the 2-3% transaction fee).

[Lauda]

LOL sure all the bitcoin holders are poor people, while the people who can't afford mining hardware or investing in anything are the 1%...sure sure. people are so delusional here...its hilarious.
   

Holding millions makes me poor, yes.

[BADecker]

The Internet may not last. The electrical grid may not last. If they fail, Bitcoin will probably fail as well.

What we need for the Internet and the power grid is something like Bitcoin, something with no central control. Has anyone seen something practical along these lines?

The way to make Bitcoin super-practical is to combine it with MaidSafe - http://maidsafe.net/ - or something like MaidSafe.

Now, I am not really promoting MaidSafe. I only mention it so that everyone has an opportunity to take a look. If it works, it'll be great. But nothing will work if communications and/or the power grid come down.

[gpucoolingmethod]

The Internet may not last. The electrical grid may not last. If they fail, Bitcoin will probably fail as well.

What we need for the Internet and the power grid is something like Bitcoin, something with no central control. Has anyone seen something practical along these lines?

The way to make Bitcoin super-practical is to combine it with MaidSafe - http://maidsafe.net/ - or something like MaidSafe.

Now, I am not really promoting MaidSafe. I only mention it so that everyone has an opportunity to take a look. If it works, it'll be great. But nothing will work if communications and/or the power grid come down.

good find!

[sexydh80]

It is helping to build communities that otherwise would never happen. Bitcoin is just not for transactions it has a much much wider impact on people's lives in general.

[sexydh80]

The mindset of the cautious helps to keep us from going down the wrong paths as a whole.  If a new "advancement" truly has enough negatives about it, then the cautious side can often sway a large portion of the adventurous to not pursue it too quickly, and over time, if those negatives are realized, they will only impact a small portion of the population that did not listen.

[apsvinet]

The point is, there have been many deaths around the world in the last 5 years, since the advent of Bitcoin. Wake up and see that it isn't Bitcoin that won't last - even though it may fail. Rather, it is EVERYTHING that does not last.

This is a good point.
For all we know, our 'real' currency systems will not exist in 1000 years, or even 100.
Who's to say bitcoins won't at least outlive the dollar?

Sidenote; Glad this topic came to be used for some real discussion even tho OP created it as an awful attempt at trolling.

[toxicwaltz]

With WorldCoin you transfer the same amount in 1 minute instead of 45 minutes.

Oh god! Will you please stop promoting that shitty altcoin in this thread already? It's so annoying goddamn it!
You are ruining the discussion.

[Musent]

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.

Care to create "a better digital currency"?

[kies1107]

Every 10 minutes the transactions are collected and added to the blockchain via mining. To reach the mathematical impossibility of a double spend most people suggest you wait 6 confirmations for full satisfaction that the transaction cannot be charged back.

[jonald_fyookball]

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.

This is an old post I felt like bumping.  Mostly wrong thoughts from OP but fees have risen a bit.

[counter]

I totally agree with the OP... Oh no wait I misread the title and thought it read fiat is a joke and will never last.  My bad carry on with whatever this is.

[lowbander80]

I dont know if its bitcoin or other but the world is just moving paper money will sometime stop existing due to the computers fast growing.Imagine if 30 years ago could we imagine what internet has done to commerce and communication science and news...
hope its bitcoin because am mining it

[twiifm]

For those who compare Bitcoin to credit cards.  They are not the same.   One is treated as cash the other as credit. When you use credit you are using borrowed money.   Its an unsecured loan and thats why the interest is so high.

You have to compare bitcoin to debit cards.

Banks provide financial services.   You need banks for loans and credit and other things.   Money transfer is just one thing.   But you don't need BTC to do a blockchain transfer.   That can be done w any crypto.  Crypto doesn't replace need for banks.   It just gives user a choice to hold their own money in their own wallet

If you need a mortgage.   You still need a lender