Why is Bitcoin the Dumbest Thing Ever Invented

[Majestic-milf]

 Bitcoin is the dumbest thing to ever be invented says the guy who can't really pass his message across without needing to write this whole wall of text. I just see some of these threads as a means to get unnecessary traffic. Bitcoin is dumb and you had to come to a forum that talks about it to prove your point, that makes you dumb too.
 If you're sick of using it as a means of transaction, why not stick to your traditional banks and live the rest of us alone?
If you are wondering why it's the dumbest thing to ever get invented, why not try making something of your own? Probably it'd more cooler, considering you have so much wealth of knowledge..

[Hewlet]

It's sad you don't know that such unit you're referring to can feed your bunch of ass. If Bitcoin is as valueless as you're dipicting why don't you own a single portion of it or at least 0.01BTC? The truth is that you're just a dumb ass that's trying to make a point out of nothing.

You're discrediting both Bitcoin and fiat even when you can't survive without them and you even have to do it on a bitcointalk forum? What happens to you creating what is now of value so we can talk about it and see how it's now better than bitcoin and fiat? Just crazy you've spend alot of time creating this piece just because you want to prove a baseless point that Bitcoin is a piece of shit? Your opinion is already dead on arrival.

[mindrust]

Let’s say you are right, for a moment (even though you aren’t) … yes bitcoin has no intrinsic value like you said… is it wise to ignore a very volatile asset like btc where you can make lots of money? Just for this reason alone, you should participate.

Do you think everyone who plays this game is a crypto believer? Many people don’t even know how to withdraw their coins to a cold wallet and yet they still trade it because they are making money.

Bitcoin and other crypto currencies are creating an alternative financial ecosystem. You can send money from China to USA without needing any permission from anyone. That’s the real power of crypto.

If you don’t like it you don’t have to use it. People use it every day because they find crypto useful. That’s why it will never die.

[Blitzboy]

Whoa. Calling Bitcoin "the dumbest thing ever" feels like a noob talking. That sounds like someone hasnt looked beyond its surface of what it does. Seeing one bitcoin and saying "its nothing" isnt the complete picture. See, Bitcoin is about the system, not the "thing" Imagine sending something securely without a middleman where everyone can watch the transaction - thats revolutionary. Removes banks, governments, and middlemen.

Bitcoin is about distributing tamper-proof sealed envelopes to the proper person in a transparent process. This system naturally builds trust, which finance relies on. Bitcoin provides an alternative to a financial system with hidden fees, restrictions, and red tape. Thats not "empty" as it could change. Try to comprehend its solution before criticising it. Throwing something out without knowing the details is unprofessional.

[ultrloa]

It's sad you don't know that such unit you're referring to can feed your bunch of ass. If Bitcoin is as valueless as you're dipicting why don't you own a single portion of it or at least 0.01BTC? The truth is that you're just a dumb ass that's trying to make a point out of nothing.

You're discrediting both Bitcoin and fiat even when you can't survive without them and you even have to do it on a bitcointalk forum? What happens to you creating what is now of value so we can talk about it and see how it's now better than bitcoin and fiat? Just crazy you've spend alot of time creating this piece just because you want to prove a baseless point that Bitcoin is a piece of shit? Your opinion is already dead on arrival.

He provably knows that and I'm not gonna buy his sentiments towards bitcoin since provably he just want to troll this community to see if he's successful to get in the heads on those people who's really a true supporter of bitcoin.

Obviously he just want to spread negativity and he will be happy if there's a lot of comments in this thread that's why its better for people to stop feeding OP in his thread created since no matter what explanation you or even other people said to him he will not listen since his main intention is to make people angry. He's not here to get some knowledge but rather spread something negatives that people don't want to read.

[Yatsan]

Crazy how Bitcoin is being hated but also being here in this forum. Like what you would achieve from doing so? I guess you're also an investor. I'd more believe that you're not if you posted this on other platforms like those people who doesn't understand a thing in this industry. What do you expect from this post? Conformity from people who are actually having an amount of Bitcoin on their bags or portfolio? If this is coming from loss due to an attempt of investing then this industry has nothing to do with it. Loss and profit will always be on the hands of the investor in particular with his/her decision making. This won't be of any use I guess. If Bitcoin is a dumb investment then I'd happily accept that one along with my profit, kidding aside.

[legendbtc]

It's sad you don't know that such unit you're referring to can feed your bunch of ass. If Bitcoin is as valueless as you're dipicting why don't you own a single portion of it or at least 0.01BTC? The truth is that you're just a dumb ass that's trying to make a point out of nothing.

You're discrediting both Bitcoin and fiat even when you can't survive without them and you even have to do it on a bitcointalk forum? What happens to you creating what is now of value so we can talk about it and see how it's now better than bitcoin and fiat? Just crazy you've spend alot of time creating this piece just because you want to prove a baseless point that Bitcoin is a piece of shit? Your opinion is already dead on arrival.

OP has proven himself to be an idiot by joining a bitcoin forum and taking the time to write a long post slandering bitcoin and hoping someone here would sympathize. This alone makes me think we should stop wasting our time listening to what he has to say and arguing with him. With this type of person, no matter how we try to explain, they never listen and argue with us fairly. These topics just waste our time when we spend time looking at what they write.

[Pandu Geddon]

OP has proven himself to be an idiot by joining a bitcoin forum and taking the time to write a long post slandering bitcoin and hoping someone here would sympathize. This alone makes me think we should stop wasting our time listening to what he has to say and arguing with him. With this type of person, no matter how we try to explain, they never listen and argue with us fairly. These topics just waste our time when we spend time looking at what they write.

Op has been an idiot since birth. at least when he registered an account on the forum and his first few posts. look at his post history, it's not much different from what he's doing now.
I'm sure he'll keep doing it, I'm not really sure he doesn't like Bitcoin. maybe he deliberately created such a topic just for fun.
Look at the account with the negative tag. It's better to ignore Op to avoid his chatter in the future.

[moneystery]

i'm even too lazy to read what you wrote because most of the points you convey are just you babbling like a stressed person on the side of the road. you omit a lot of points and most of what you say is just your personal opinion, without ignoring the existing facts. that's you saying what you want to say, but this is not the place to lead opinions because most people here already understand bitcoin better than you. so i think you are just wasting your time on this forum because what you say is just nonsense.

[Casdinyard]

Judging by your logic, money itself wouldn't mean shit even if you say it's backed by the concept of debt. I mean debt itself is a fucking flimsy concept in itself so why are we even having this type of debate. "Oh you owe me something so you must pay me in this amount of doubloons", What if I were to say "No I don't. The shit I owed you is nothing more than paper and if you really want I could just give you a signed paper saying I already paid you for what I owed?" Or what if we're talking about digital money, the ones you send and receive from Venmo, then I go out there changing all 1s to 0s a la Rick and Morty, what are you going to do about it huh? The only thing that's really saying money's real is the economy that perpetuates it, and the government that benefits off of the concept of financial hierarchy.

So yeah, whatever you say about crypto, the same could be said about fiat. At the end of the day, the only thing that's really differentiating crypto from fiat is the fact that one's tangible and one's not. Matter of fact out of both the latter's being used in scams more than crypto lol.

[boule69]

Bitcoin is the dumbest thing ever invented.

If you think Bitcoin is dumb then why you're present on this forum? If you don't like the idea of Bitcoin and find it useless then I believe someone like you should not be part of the forum that's a place for Bitcoin community. You need some research I believe, no I think you may need some treatment so you can understand Bitcoin properly.

Bitcoin serves as a decentralized digital currency, but its value is debated due to its lack of intrinsic value compared to traditional currencies backed by debt.

[graphite]

No, this is stupidity. A simple pyramid scheme. The same is true for those empty BTC units that you people send to each other.

You could say the same about the gold. People used gold for 1000's of year for goods and services but they were just pretty looking rocks with no real world value. It wasn't used for electronics, medicine or anything back then. If your logic is correct then an asset with real world value like iron would have been a better currency since it could be used to make armor, weapons, buildings, etc. But it wasn't, gold was the better currency since it was easily identifiable, resistant, and scarce and iron is none those things. Bitcoin is the same way. bitcoin is easily identifiable, resistant and scarce all aspects of gold but with some added bonuses like easy of transfer but also some downfalls like privacy.

[JamesNZ]

There's no contest.  Debt-based money is just a vicious scheme to generate income for banks.  There's no actual need for it.  It's just something people have been indoctrinated to accept.

Debt based money means that millions upon millions of people need that money to satisfy the debt. They need it like they need land, houses, cars... because that property is what they will lose if they default on the debt. Simply put, being backed by debt is what gives money value. If you hold that money you have something people will always need. Bitcoin,on the other hand, is backed by nothing. Nobody needs it. It's just empty units that people buy in the hope of dumping them on someone else for a better price. It's a simple unit-based pyramid scheme.

The "need" is artificial.  The "need" is for banks to turn a profit.  Ordinary people don't "need" any of that.

A pyramid scheme is one where money flows from the bottom to the top.  And that's invariably what happens in debt-based economics.  Money flows up to the banks for absolutely no sane reason.  Those parasitic bankster leeches feed on the masses.

You're clearly okay with artificial theft, so feel free to continue advocating for that.  You aren't going to convince many people here, though.  As you've likely noticed with your... how many accounts is it now?  I've honestly lost track.  Looking forward to your next empty facade where you spout the same tired nonsense under another alias.

The need is real. If people default on debt that they owe to the banking system their property gets foreclosed. Thus, the units in the banking system that are called fiat money are valuable the same as land, houses, cars, and other tangible property. On the other hand, nobody needs units printed by the protocol of that unknown guy called Nakamoto. People buy those only to sell them in the future for a better price because they believe in the greater fool theory. Practically Bitcoin is a unit-based pyramid scheme. Whoever holds the units can benefit only from contributions of new investors. In a nutshell, all pyramid schemes are dumb. But Bitcoin is the dumbest of them all because enormous amounts of energy are wasted on running it.

[JamesNZ]

Bitcoin is the dumbest thing ever invented.

If you think Bitcoin is dumb then why you're present on this forum? If you don't like the idea of Bitcoin and find it useless then I believe someone like you should not be part of the forum that's a place for Bitcoin community. You need some research I believe, no I think you may need some treatment so you can understand Bitcoin properly.

If bitcoin is dumb then fait is even more dumber, now let's do a comparison real quick, bitcoin has a fixed number of coins that can ever be creates and supply making it to be immune to inflation or value depreciation over time, but your local fait which I believe you so love is been printed everyday and inflates every day, is that the freedom you want, where you work Labour woths less every fucking day that the bank pri to money.

You know nothing bro if not, you wouldn't be saying this and this is just the one comparison I feel you can comprehend. Bitcoin hater🤬

Show me the coins. You cannot. A coin is a tangible disc. Bit-coins on the other hand are empty units created by a simple protocol. Regardless if you have 21 or 21 million of empty units they are all equally useless. It's just a number defined by a protocol and not a valuable resource needed by people.

[Sir_Garry55]

Bitcoin is the dumbest thing ever invented.

If you think Bitcoin is dumb then why you're present on this forum? If you don't like the idea of Bitcoin and find it useless then I believe someone like you should not be part of the forum that's a place for Bitcoin community. You need some research I believe, no I think you may need some treatment so you can understand Bitcoin properly.

For me I think he is just a troll that needs people to actually notice him just like the other fella who always shares post about how he is the original Satoshi Nakamoto and the owner of the forum. Sometimes when I see post like this, ignoring them is probably the best thing but with that being said how can someone even think of uttering such nonsense that Bitcoin is the dumbest thing created, well it's simple if you like being a financial slave to the system then you are free to go but other who don't know the importance of BTC.

[JamesNZ]

Bitcoin is the dumbest thing ever invented.

If you think Bitcoin is dumb then why you're present on this forum? If you don't like the idea of Bitcoin and find it useless then I believe someone like you should not be part of the forum that's a place for Bitcoin community. You need some research I believe, no I think you may need some treatment so you can understand Bitcoin properly.

For me I think he is just a troll that needs people to actually notice him just like the other fella who always shares post about how he is the original Satoshi Nakamoto and the owner of the forum. Sometimes when I see post like this, ignoring them is probably the best thing but with that being said how can someone even think of uttering such nonsense that Bitcoin is the dumbest thing created, well it's simple if you like being a financial slave to the system then you are free to go but other who don't know the importance of BTC.

How is investing in something that people need being a slave, but investing in something no one needs being free? If I invest in dollars I hold something that masses of people need for paying off debt owed to banks. I am the master, not the slave. On the other hand, if you traded dollars for Bitcoin you are the slave because you need other people to invest and buy your Bitcoin otherwise you cannot get your dollars back. It's hilarious how you Bitcoin evangelists think that you're the masters while in reality you're the slaves.

[SamReomo]

On the other hand, if you traded dollars for Bitcoin you are the slave because you need other people to invest and buy your Bitcoin otherwise you cannot get your dollars back.

You truly need some type of treatment because whatever you're saying is totally inaccurate. If you trade dollars for Bitcoin then you can trade that Bitcoin back to dollars without waiting for someone else to buy it from you.

You should learn about crypto-currency exchanges, on those exchanges there are 100's of thousands of orders that get filled within seconds. If you really want to trade your dollars for Bitcoin and then you Bitcoin for dollars, you can do that without any issues.

[Medusah]

This is the dumbest post I've encountered, even dumber than Bitcoin itself.  People on crack make more sense than this.  Essentially, you're saying that a currency or money can only hold value if its units represent debt obligations. 

I won't engage in such a debate, but I'll point out that regardless of whether Bitcoin fits your narrow definition of "currency", there will always be people (according to your perspective, deluded ones) who perceive it as such.  Hence, it will possess monetary value.  So simple. 

[Ryu_Ar1]

How is investing in something that people need being a slave, but investing in something no one needs being free? If I invest in dollars I hold something that masses of people need for paying off debt owed to banks. I am the master, not the slave. On the other hand, if you traded dollars for Bitcoin you are the slave because you need other people to invest and buy your Bitcoin otherwise you cannot get your dollars back. It's hilarious how you Bitcoin evangelists think that you're the masters while in reality you're the slaves.

Actually in this case you are talking at the same time saying that you yourself are also a slave in the end because if you consider that investing in bitcoin requires other people to buy bitcoin that we have in the end but at least we can have freedom of control of the bitcoin that we have. But in contrast to your belief where you entrust your dollars to the government then indirectly the concept becomes the same that you are also a slave and worse you are also pressured by the government which does limit you with a centralized scheme owned by the bank.

When you say people who are in bitcoin become slaves then what are you now buddy?

I think for now all you have to do is go back to your respective beliefs, if indeed you believe what you believe in at least you don't judge that other people are wrong because it will show your own stupidity that only wants to be justified by others but you don't respect others properly.

[ALLON2017]

Dumbest not dubmest