CNNMoney - Where did bitcoin go wrong?

[galdur]

What a foul smelling appendage. Straight to ignore.

[Jungian]

"The lunatic delusional" ... bla bla bla very strong ad hominem there.

I debunked some of his arguments here

https://bitcointalk.org/index.php?topic=843040.msg9404730#msg9404730

How does he think a currency like this spreads? Overnight, billions of people use it? That's not how things happen.

[Jungian]

Honestly, I didn't mind the video.

It did make a few fair points, (about the number of pumpers/fanatics of the cryptocurrency). But I still think bitcoin will remain number 1 for years to come.

The competitor won't have pumpers or won't have value? Tell me something that goes up in value quick without having pumpers. There's lunatics everywhere. Actually I think Bitcoin has the most amount of economically sane people of any community I've ever been subjected to.

How much has Jeffrey Robinson put his money where is mouth is what I wonder. He should be asked about how many shorts be bought since he's so sure it will fail.

[belk]

Not doing everything to make paypal join them.

[Cablez]

He is just a dude selling a book, so it has to be controversial or he gets no play.  I find it offensive there was no educated rebuttal to his findings going on there.  Just a 'greedy, delusional lunatic' Republican (most likely) trying to hock his wares while the supposedly non-biased host sits there and snickers over his silly comparisons in complete agreement at the expense of a fledgling currency that has seen no real traction to this day.  Why doesn't he compare it to time tested gold in the future?  Nice hatchet job CNN.  Bastion of journalism my rear, I see the same methods on the HSN.

People should light up this fool on Amazon/BaN reviews.....just sayin'. 

[inBitweTrust]

People should light up this fool on Amazon/BaN reviews.....just sayin'. 

Agreed-
http://www.amazon.com/BitCon-Naked-Truth-About-Bitcoin-ebook/product-reviews/B00NUIUQ3A/ref=cm_cr_dp_qt_hist_one?ie=UTF8&filterBy=addOneStar&showViewpoints=0

Let the public know what a fraud this guy is and why he is wrong.

[Beliathon]

Can we take that as a buy signal?

Don't look for the signals to buy into Bitcoin, instead pay attention to the signals to divest from fiat, because those are abundant.

[X7]

Can we take that as a buy signal?

Don't look for the signals to buy into Bitcoin, instead pay attention to the signals to divest from fiat, because those are abundant.

You young whippersnappers! Get those bitcoins off my lawn!

[waser12]

Its really mean that Bitcoin is being moved through the world and take a significative place in our system!

[FattyMcButterpants]

I think that we need an entire new way of working that fits in with the decentralised nature of Bitcoin - CIYAM Open is a vision for this (with Project Managers who pay Contributors to deliver Project Tasks and where there is no formal "job" at all).

I had read an article by a "futurist" around the same time I was learning about Bitcoin who thinks that "in the future people won't have jobs" but will contribute their skills to many different projects as small paid tasks.

That "futurist" may not have been far off the mark.  That is essentially my sole source of income and has been for the past eight years, though I tend to contribute a bit more toward the projects I work on than would be described as small, paid tasks.  However, I'm certainly not opposed to taking the small, paid tasks as well as they suit my interests.  I've found that I have more success, more freedom and just generally more satisfaction in life since I've given up the wage donkey lifestyle.  There's also the added benefit of being able to choose which jobs I do and don't want to do.  I strongly encourage anyone who is highly self-motivated to give it a try.  It can be difficult in the beginning but the potential rewards are well worth it.  What's the worst that can happen?  You fail and have to go back to having someone else tell you what to do.  In short, take risks and love what you do.

I disagree, hes basically just trying to make "freelancing" sound futuristic and cool - freelancing has been around and growing for a decade or more, but its not going to take over - maintream people cant do it, dont like the stress of it.... they NEED to work for someone else solidly and permanently... I'm more "freelance style" myself.. but its not for everyone and I dont think it ever will be.

Well the main issue with freelance work is that, for most people it is not going to be steady work, the amount of work available is almost never going to be steady, and you are very vulnerable to variations in the health of the economy; this is very similar to being self employed, however you do not quite have the same upside

[Soros Shorts]

I think that we need an entire new way of working that fits in with the decentralised nature of Bitcoin - CIYAM Open is a vision for this (with Project Managers who pay Contributors to deliver Project Tasks and where there is no formal "job" at all).

I had read an article by a "futurist" around the same time I was learning about Bitcoin who thinks that "in the future people won't have jobs" but will contribute their skills to many different projects as small paid tasks.

That "futurist" may not have been far off the mark.  That is essentially my sole source of income and has been for the past eight years, though I tend to contribute a bit more toward the projects I work on than would be described as small, paid tasks.  However, I'm certainly not opposed to taking the small, paid tasks as well as they suit my interests.  I've found that I have more success, more freedom and just generally more satisfaction in life since I've given up the wage donkey lifestyle.  There's also the added benefit of being able to choose which jobs I do and don't want to do.  I strongly encourage anyone who is highly self-motivated to give it a try.  It can be difficult in the beginning but the potential rewards are well worth it.  What's the worst that can happen?  You fail and have to go back to having someone else tell you what to do.  In short, take risks and love what you do.

I disagree, hes basically just trying to make "freelancing" sound futuristic and cool - freelancing has been around and growing for a decade or more, but its not going to take over - maintream people cant do it, dont like the stress of it.... they NEED to work for someone else solidly and permanently... I'm more "freelance style" myself.. but its not for everyone and I dont think it ever will be.

Well the main issue with freelance work is that, for most people it is not going to be steady work, the amount of work available is almost never going to be steady, and you are very vulnerable to variations in the health of the economy; this is very similar to being self employed, however you do not quite have the same upside

Freelancing is enjoyable if you have a specialized skill and people are willing to pay you highly for it. You can spend the time between jobs enjoying yourself while looking for the next gig. If your skill is less specialized it may still work out for you if you live below your means. However, if you only have commodity skills you should not consider it.

[theskillzdatklls]

he makes decent points but what he fails to recognize are two major things imo. first he doesn't talk about or realize that any new/novel currency has to start somewhere and transition into a weak middle ground. even if there are only 250k active wallets to get to 1bn active wallets you have to pass through 250k first. secondly, he says bitcoin will fail because the lunatics think it will take over the whole planet. no it probably wont. a better comparison is what e-mail did to the current mail system though that is still a flawed way of looking at the picture but much better. it can work great alongside the current system and still have a massive widespread adoption.

id love to hear his rebuttal to these or just discuss this issue with me for a few minutes.

[johnyj]

Bitcoin itself I dont think has gone wrong- and I will probably get a lot of flack here- but IMO the users are killing the currency.

Why? Because people who genuinely want to deal with bit-coins for their business get spat on and frowned at by the bitcoin community until they basically give up. I tried to sell a house last year for a client in bitcoin on the bitcoin talk forum- the moment I listed it had 'scammmm!' screaming from the rafters. So I just sold it on ebay to someone instead. Then the Bitcoins skyrocketed- So I thought why not try again. I was 'lolled' out of the forum being told that now bitcoins were far to valuable for the likes of property purchases.......so the bitcoins took a massive crash, I decided to give it a final push and accept bitcoin on my property purchases one last time, and there isn't even a hint of interest in the forums whatsoever. Did the bitcoin community kill itself with it's Arty zim level of smugness or something? From the outside looking in, it seems bitcoin is like that mythical girl who is so smoking hot, that she never thinks any guy is good enough until one day she is old ugly and realises she is going to die alone.....if you guys won't allow businesses to come into your community and start trying to actually deal with your currency for real world items then the only thing bitcoin is going to attract is scam artists. Sorry if I get a load of Neg replies on this but thats how it seems, and I'm waiting to be proved wrong.

Buying a house is still considered too risky with bitcoin. From risk management point of view, you net worth must be 5-10 houses to spend some coin to buy 1 house, so that you risk exposure is not too high. There is no real good insurance for large bitcoin purchase, if the coins are gone and you deny the trade, there is no way to protect the buyer

[Valeey]

The "get rich kids" are propping up the price he says lol.

Damned kids and their getting rich...

is this a jokes?

[Q7]

Fact is we all know what went wrong but problem here we are short of solution

[Jungian]

Fact is we all know what went wrong but problem here we are short of solution

Nothing wrong so far...

[Jungian]

Bitcoin is still over 90% of the market cap for all crypto-currencies... let's start the discussion again when it's below 80%.

Actually, if you ignore Litecoin (it's not a really a huge competitor to Bitcoin. It might be "silver" to the "gold", but have 0 chance to overtake bitcoin ofc), the next largest cryptocurrency (bitsharesX) have 0.07% of the market cap of BTC.

Yeah.. there is not really much competition out there right now.

[lightningmccoin]

Fact is we all know what went wrong but problem here we are short of solution

Then someone will say over here that bitcoin adoption is the solution where in fact bitcoin adoption is the main problem

[ChuckBuck]

The instant that dude said Bitcoin is "pretend money" and we're all "delusional lunatics", my brain started phasing his words out.

If I could actually transact with "pretend money", doesn't that make it real?  Am I delusional if that product I buy or the good or services I sell with Bitcoin, actually go through.

Guess he has to sell books somehow...

[theskillzdatklls]

The instant that dude said Bitcoin is "pretend money" and we're all "delusional lunatics", my brain started phasing his words out.

If I could actually transact with "pretend money", doesn't that make it real?  Am I delusional if that product I buy or the good or services I sell with Bitcoin, actually go through.

Guess he has to sell books somehow...

This and also him saying virtual currency. he kinda shows a lack of depth of overall thinking in life the way he talks. still though, he brought up some points just not entirely valid as i stated a few posts up.