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Author Topic: Why Bitcoin won't succeed  (Read 4312 times)
D4CH
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June 20, 2012, 11:54:18 AM
 #41

BitCoins will succeed!

You've just got to believe in it! Tongue

BTC: 1FPdKgBw2MKRUUwB6DtSKfP3JyrN5DMd2y LTC: LSHxgTHmYZzq2AyUL4WfQLA6YSzGH5qSrr BTE: 8FCuGmC39M86FoBh7WqNCacpabmQtHHbEa
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officialsavage
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June 20, 2012, 12:35:56 PM
 #42

Why are you here then?
JesseChisholm
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June 20, 2012, 11:02:44 PM
 #43

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Faisal7:   Why BitCoins won't succeed? ... Because no one needs me.

Your topic question might have started an interesting philosophical discussion, if only you had supported it with a valid Nihilistic argument.  But your broken syllogism makes it barely worth this "get out of the newbies forum" post.

I do find it interesting that you bothered to intentionally join the BitCoin forum if you believe your own arguments about its futility.

But one thing certain: BitCoin doesn't need you.

Quote
Unacceptable: link to "Layman's Guide to Suicide"

Are there any "Professional Suicides?"

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Hexidecibel:
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"The internet is just a fad."
Quote
KajiMaster: What the fuck is the internet?

It's that visionary thing that Al Gore invented.

Quote
greg35: ... ain't mined SHIT on my CPU in the last few days.

You posted that sometime in 2012, when the documented rate for a single home computer to be successful at mining to be in the 1 to 2 year range.

Be more patient. ;-D
Or get a dedicate super computer or 32 and form a pool.

Quote
flc1984: Bitcoins have only succeeded with geeks and nerds. They layperson has neither heard of nor cares about them, they will never be a mainstream currency.

So, you're saying that, even with the increasing necessity for technological savvy in the world, that "geeks and nerds" will never be "mainstream"?

What a sad thought.  And one that Bill Gates, Bill Joy, Steve Wozniak, etc. might disagree with.

-Jesse

Moderator Edit: Joined all your consecutive replies into one. You can multi-quote, you know? Wink

16R5FAhBg5DXxayye8nkQsPGecaYJc74cH ( should you be so inclined )
puffn
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June 21, 2012, 02:17:28 AM
 #44

Up 35% in two weeks. I think Bitcoins are legit.

Looking for safe diversification? YABIF: Good Returns, Low Fees, Low Risk.

GLBSE
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Bitcoin Mining Investments
SC2ProPlayer
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June 21, 2012, 03:54:07 AM
 #45

your an idiot
BYONDIIx
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June 21, 2012, 04:19:12 AM
 #46

Up 35% in two weeks. I think Bitcoins are legit.

I'm still pissed that I missed the $30/1 BTC rate!  Cry
Kazimir
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June 21, 2012, 08:32:40 AM
 #47

I'm still pissed that I missed the $30/1 BTC rate!  Cry
No worries man. It'll be back at $30 soon enough. And then $40. And $50. And $100. Think of the market size and potential audience world wide for Bitcoin, versus its supply. This sh!t is gonna skyrocket.

I on the other hand, am pissed that I missed the $2 after the Mt Gox hack. I only discovered Bitcoin when it was already back up to $5. Could have purchased a lot more bitcoins if I had found out earlier. And we'll probably never see the $2 rate again Sad

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
realnowhereman
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June 21, 2012, 11:14:55 AM
 #48

your an idiot

sew our ewe.

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JTurner
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June 21, 2012, 12:46:50 PM
 #49

No worries man. It'll be back at $30 soon enough. And then $40. And $50. And $100. Think of the market size and potential audience world wide for Bitcoin, versus its supply. This sh!t is gonna skyrocket.
Question is, will this happen before or after the blockchain doesn't fit on a 1TB drive anymore. Just noticed this morning the blockchain is reaching close to 2 GB. It's becoming more and more of a burden on the system partition... And when noone has a hard drive big enough to store the whole chain, what happens then?
John (John K.)
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June 21, 2012, 01:15:06 PM
 #50

No worries man. It'll be back at $30 soon enough. And then $40. And $50. And $100. Think of the market size and potential audience world wide for Bitcoin, versus its supply. This sh!t is gonna skyrocket.
Question is, will this happen before or after the blockchain doesn't fit on a 1TB drive anymore. Just noticed this morning the blockchain is reaching close to 2 GB. It's becoming more and more of a burden on the system partition... And when noone has a hard drive big enough to store the whole chain, what happens then?

The blockchain can and will be trimmed before it reaches disproportionally large levels. Take a look around : https://bitcointalk.org/index.php?board=6.0 and you'll see many proposals regarding this issue.

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
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finkleshnorts
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June 21, 2012, 01:35:27 PM
 #51

That ignore button turned orange quickly
Kazimir
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June 21, 2012, 02:45:37 PM
 #52

Question is, will this happen before or after the blockchain doesn't fit on a 1TB drive anymore. Just noticed this morning the blockchain is reaching close to 2 GB. It's becoming more and more of a burden on the system partition... And when noone has a hard drive big enough to store the whole chain, what happens then?
The blockchain data can be easily compressed, collapsed, or otherwise stored more efficiently without any changes to the protocol. This is merely a client issue that can (and will) be improved in new client versions soon.

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
JesseChisholm
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June 21, 2012, 06:16:20 PM
 #53

Quote
You can multi quote, you know.
I do now. ;-)

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localhost
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June 21, 2012, 09:03:55 PM
 #54

That ignore button turned orange quickly
Btw, what does it mean when an ignore button is orange? Is that a suggestion or sth?  Grin

The blockchain data can be easily compressed, collapsed, or otherwise stored more efficiently without any changes to the protocol. This is merely a client issue that can (and will) be improved in new client versions soon.
A bird in the hand is worth two in the bush...  Wink

-
divan0w
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June 22, 2012, 09:22:58 AM
 #55

I think bitcoins will  succeed only till the mining process finishes. Then all the people invested in it will be the really f*gs, cos, nobody is going to buy their bitcoins and the price will stay the same forever until they quit this shit Smiley . That's why I sell everything i made every day. The positive side of whole sh*t is that those people that will stay at last with some numbers and many lost real money will actually help world economy by losing those dollars, euros etc.

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June 22, 2012, 09:47:55 AM
 #56

I think bitcoins will  succeed only till the mining process finishes. Then all the people invested in it will be the really f*gs, cos, nobody is going to buy their bitcoins and the price will stay the same forever until they quit this shit Smiley . That's why I sell everything i made every day. The positive side of whole sh*t is that those people that will stay at last with some numbers and many lost real money will actually help world economy by losing those dollars, euros etc.

The mining process will never finish (barring some kind of apocalypse, of course). The block subsidy will eventually drop to zero (sometime around the year 2140), but the block subsidy is not the only mining reward: miners also receive transaction fees, which will provide sufficient incentive for miners to continue their efforts after the block subsidy has ceased.

Will pretend to do unverifiable things (while actually eating an enchilada-style burrito) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
Kazimir
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June 22, 2012, 10:31:16 AM
 #57

I think bitcoins will  succeed only till the mining process finishes. Then all the people invested in it will be the really f*gs, cos, nobody is going to buy their bitcoins and the price will stay the same forever until they quit this shit Smiley . That's why I sell everything i made every day. The positive side of whole sh*t is that those people that will stay at last with some numbers and many lost real money will actually help world economy by losing those dollars, euros etc.
You seem to think that Bitcoin is mostly about mining. Well, you're wrong.

Furthermore you seem to make a distinction between Bitcoin and 'real money'. Well, you're wrong again.

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
divan0w
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June 22, 2012, 02:26:59 PM
 #58

Yeah, guys, i expected answers like this, because mainly my idea was to be proved wrong. I'm in business form 05.2011 but and read much about it but still not convinced enough to be sure it is a real thing. The amount of money made till now isn't that much. Any Mall makes more monthly budget than those made till now. By the way I strongly suggest you to watch Zeitgeist movies. And one russian movie called Пирамида.

Kazimir
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June 22, 2012, 02:58:05 PM
 #59

The amount of money made till now isn't that much.
How do you mean, the amount of money made till now?

That's easy: 9286150 BTC.

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
memvola
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June 22, 2012, 03:37:22 PM
 #60

I'm in business form 05.2011 but and read much about it but still not convinced enough to be sure it is a real thing. The amount of money made till now isn't that much. Any Mall makes more monthly budget than those made till now.

With such metrics, you won't be convinced before it's already obvious to everyone. But then your opinion would have no value.

That's easy: 9286150 BTC

Hey, look, we have a BTC tag now! FTFY
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