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Author Topic: Bitcoin great idea bad execution  (Read 807 times)
anume123
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November 28, 2018, 06:11:36 PM
 #41

all problems will be solved very soon and I think that we will see a new wave of price increases soon

That will happen in the future but now let's face the problem of decreasing of bitcoin until now day by day happening maybe next year that i thought it will recover.

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November 28, 2018, 06:20:29 PM
 #42

This is mostly side effects of decentralization, we can say that this happens when a financial organism like this is not controlled by a group of individuals, I do not understand very well how the fork mechanism works, but I imagine that as most cryptos are open code, anyone can open a new block with its code and get enough miners to confirm it, that's why forks happen.

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November 28, 2018, 07:03:12 PM
 #43

1- Whales control big percentage of the 21 M Bitcoin  
2-they can manipulate the price

I did not see proof of the existence of these whales and of these manipulations, but if they manipulate is because the market is still very small, eventually the market will be very large it will be very difficult to be manipulated

3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc

I agree with you, these hard forks are meaningless and confuse people, I see no reason for people to be creating those hard forks. today has bitcoin cash, bitcoin Diamond, bitcoin gold, bitcoin private, we have strange altcoins like jesus coin... dude, this is all sad

4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss

But that's because we're still to depends of regulations to make it possible to use bitcoin in the real world without having problems with governments, banks, Visa and mastercard.

1-exchanges

How could you buy bitcoin without KYC? that would not be possible

3- accept bitcoin as a payment for your service
who will pay you with his BTC now if he is expecting it to reach new high higher than $19K
4- ask some one who own BTC to sell you ( people charge 20%  more than the current price)
5- SCAM the people  
ask them to buy you new coin by  BTC  only and disappear

truth





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cybernetik7
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November 28, 2018, 08:36:52 PM
 #44

As we all know what bitcoin's promises are, we didn't see enough realization. But it doesn't mean we will not. Bitcoiners are challenging against enemies which they are regulators and banks. Unfortunately,  doing everything at the same is very difficult.

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November 28, 2018, 08:53:32 PM
 #45

Beyond a bad execution I think the major problem here is greed from relevance seeking individuals that use to be within the bitcoin inner circle.
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November 28, 2018, 08:58:54 PM
 #46

Bitcoin was created to create a new industry so people can invest their money like stocks. Bitcoin is increasingly known as currency, and many people are using bitcoin as a currency to pay in the deal. I believe that Bitcoin will achieve what you desire.
aray80
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November 29, 2018, 04:13:31 AM
 #47

Yes it's true, bitcoin has become a job for anyone who needs it and bitcoin is also a fast, easy and safe exchange to use but all the potential of bitcoin cannot protect every asset invested in it.
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December 02, 2018, 01:40:02 PM
 #48

1- Whales control big percentage of the 21 M Bitcoin  
Unfortunately until now we haven’t reached the "21 M". If we look at coinmarketcap, the number of coins currently in the circulation are only 17.3 M.

2-they can manipulate the price

Right, but not just in Bitcoin, I think every market is like that and until now there is no solution for this.
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
This is because of a fundamental problem that they don't agree with, if you are in their position I'm sure you will do the same thing like they did. This has two sides, on a hand Bitcoin lost its big players and on the other hand this enlivened the crypto market and the spread would be wider because they would fight harder to save their money.
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss
For now I personally see Bitcoin as an investment asset, indeed sometimes I use it for transaction but it’s so rare, especially if it compared to using FIAT.
NO_Coin_Exchange (OP)
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December 03, 2018, 08:39:17 AM
 #49



Quote
How could you buy bitcoin without KYC? that would not be possible

That is very ironically
BTC is all about removing the man in the middle  its about peer to peer its about freedom 
but  it brought the worst man in the middle Exchange with  KYC "know your customer"  policy
which is under total control of the banking system
why they need to know their customers  ? this not a banking system
This is the biggest bad execution of BTC the only way for the public to get it  is via exchange which will allow ONLY  certain countries in addition to KYC
exchange is worst man in the middle in BTC system
BTC: will remove bank
BTC:you need exchange to get it
 

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December 05, 2018, 08:10:46 AM
 #50

you are mistaken because things you are listing here have nothing to do with bitcoin or its "execution" but it is all about the way people have been using bitcoin and have been dealing with it.

for example you can't blame someone who has seen the potential of bitcoin years ago and bought a lot of bitcoin for cheap price and became a whale today. for example about 3 years ago when people were calling bitcoin dead you could have invested $50k and buy 250BTC which is currently worth $1 million and be a whale but YOU didn't do it while others did.

as for forks, it is how an open source project works. we can't close bitcoin's source! it is again the idiocy of people who bought those shitforkcoins...

I have no issue with people how get earlier good for them as some one explained once they sell they are out of control 
could you explain the layer of exchange to get in with KYC policy and restricted constitutes list
how come the coin which will replace the current Financial system is restricted based on country
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