Why bitcoin is in big trouble and is ultimately doomed!

[MoonShadow]

Uhm, I am sensing some negativity, I just wanted to start a discussion on Bitcoin.

Really?  I didn't get that at all.  You came into our house and took a crap on our kitchen table, so I would think that the responses that you've received so far have been relatively civil.

[jimbobway]

Suggest that OP do some research on older threads before posting.  The same arguments are made over and over.  Nothing new here.

[pekv2]

Suggest that OP do some research on older threads before posting.  The same arguments are made over and over.  Nothing new here.

^

Bitcoin is here to stay as long as the users wants them to be, just like someone stated, just like beaniebabys. Bitcoin is not doomed and are not in trouble at all. Those are my thoughts on this subject.

/end

[Freecoiner]

I have thought about this question for a long time, is bitcoin actually viable. It began as a curiosity, I was wondering how could a currency be totally peer to peer, totally trust-less, and after discovering Bitcoin I couldn't possibly see how it worked. I think looked and realized it wasn't actually a currency, it was more of a commodity, However, the problems with bitcoin are immense. The main problem I see with bitcoin is reliability and trust. The community is fragmented, or non-existent while still trying to persuade itself that it still exists. The majority of people keeping the price where it is, are essentially in it to profit in either the short-medium term and I expect that they have little care for ensuring the market is stable, or that bitcoin grows. The software is difficult to use, and seems to be designed by the kind of people who dont understand the typical financial types that will use bitcoin on a regular basis. Copying and pasting bitcoin public keys all day, is not going to work with anyone, the software needs to be designed to be user-friendly and perhaps even integrated with spreadsheet or accounting software. Also, the project, community and general Eco-system is not organized or managed very well at all. I dont expect bitcoin to even survive 6 months, at least not if you expect the coins to be worth anything or to be traded in any substantial amounts. That is my analysis over the years that I have been involved with the project, and I am sorry to say, many of you are probably wasting your time. I hope things do go well, I am just not optimistic.

Can somebody please tell me how the author of the below now spews the above?

I am interested in possibly acquiring a bitcoin loan of about 1000 BTC. I would pay back monthly with bitcoins. I am a trusted member of the community, and am active on the forums and IRC. Would anyone offer me the loan, at how much interest and with what conditions attached?

He sure the hell was optimistic when he wanted to borrow some bitcoins.

~Bruno~

[mccorvic]

I have thought about this question for a long time, is bitcoin actually viable. It began as a curiosity, I was wondering how could a currency be totally peer to peer, totally trust-less, and after discovering Bitcoin I couldn't possibly see how it worked. I think looked and realized it wasn't actually a currency, it was more of a commodity, However, the problems with bitcoin are immense. The main problem I see with bitcoin is reliability and trust. The community is fragmented, or non-existent while still trying to persuade itself that it still exists. The majority of people keeping the price where it is, are essentially in it to profit in either the short-medium term and I expect that they have little care for ensuring the market is stable, or that bitcoin grows. The software is difficult to use, and seems to be designed by the kind of people who dont understand the typical financial types that will use bitcoin on a regular basis. Copying and pasting bitcoin public keys all day, is not going to work with anyone, the software needs to be designed to be user-friendly and perhaps even integrated with spreadsheet or accounting software. Also, the project, community and general Eco-system is not organized or managed very well at all. I dont expect bitcoin to even survive 6 months, at least not if you expect the coins to be worth anything or to be traded in any substantial amounts. That is my analysis over the years that I have been involved with the project, and I am sorry to say, many of you are probably wasting your time. I hope things do go well, I am just not optimistic.

Can somebody please tell me how the author of the below now spews the above?

I am interested in possibly acquiring a bitcoin loan of about 1000 BTC. I would pay back monthly with bitcoins. I am a trusted member of the community, and am active on the forums and IRC. Would anyone offer me the loan, at how much interest and with what conditions attached?

He sure the hell was optimistic when he wanted to borrow some bitcoins.

~Bruno~

No no no, that was the guy who hacked his account! The OP would never, ever scam anyone! He is just interested in a real, honest, non-biased discussion on why BITCOIN IS DOOOOOOOOMED!

[adamstgBit]

Uhm, I am sensing some negativity, I just wanted to start a discussion on Bitcoin.

[Freecoiner]

I have thought about this question for a long time, is bitcoin actually viable. It began as a curiosity, I was wondering how could a currency be totally peer to peer, totally trust-less, and after discovering Bitcoin I couldn't possibly see how it worked. I think looked and realized it wasn't actually a currency, it was more of a commodity, However, the problems with bitcoin are immense. The main problem I see with bitcoin is reliability and trust. The community is fragmented, or non-existent while still trying to persuade itself that it still exists. The majority of people keeping the price where it is, are essentially in it to profit in either the short-medium term and I expect that they have little care for ensuring the market is stable, or that bitcoin grows. The software is difficult to use, and seems to be designed by the kind of people who dont understand the typical financial types that will use bitcoin on a regular basis. Copying and pasting bitcoin public keys all day, is not going to work with anyone, the software needs to be designed to be user-friendly and perhaps even integrated with spreadsheet or accounting software. Also, the project, community and general Eco-system is not organized or managed very well at all. I dont expect bitcoin to even survive 6 months, at least not if you expect the coins to be worth anything or to be traded in any substantial amounts. That is my analysis over the years that I have been involved with the project, and I am sorry to say, many of you are probably wasting your time. I hope things do go well, I am just not optimistic.

Can somebody please tell me how the author of the below now spews the above?

I am interested in possibly acquiring a bitcoin loan of about 1000 BTC. I would pay back monthly with bitcoins. I am a trusted member of the community, and am active on the forums and IRC. Would anyone offer me the loan, at how much interest and with what conditions attached?

He sure the hell was optimistic when he wanted to borrow some bitcoins.

~Bruno~

No no no, that was the guy who hacked his account! The OP would never, ever scam anyone! He is just interested in a real, honest, non-biased discussion on why BITCOIN IS DOOOOOOOOMED!

I never got pass the OP before I posted the above. I see now from the second post that everyone was on top of this. Not sure what you're in reference to, but I believe the answer lies somewhere else in this thread.

~Bruno~

[mccorvic]

No no no, that was the guy who hacked his account! The OP would never, ever scam anyone! He is just interested in a real, honest, non-biased discussion on why BITCOIN IS DOOOOOOOOMED!

I never got pass the OP before I posted the above. I see now from the second post that everyone was on top of this. Not sure what you're in reference to, but I believe the answer lies somewhere else in this thread.

~Bruno~

The OP claimed that he wasn't promoting bitcoin, but someone found a post from earlier today where OP was saying that he wanted to start a "cryptowar" with BTC and promote LTC.

OP then claimed his account was hacked and the hacker posted the LTC post

[drrussellshane]

No no no, that was the guy who hacked his account! The OP would never, ever scam anyone! He is just interested in a real, honest, non-biased discussion on why BITCOIN IS DOOOOOOOOMED!

I never got pass the OP before I posted the above. I see now from the second post that everyone was on top of this. Not sure what you're in reference to, but I believe the answer lies somewhere else in this thread.

~Bruno~

The OP claimed that he wasn't promoting bitcoin, but someone found a post from earlier today where OP was saying that he wanted to start a "cryptowar" with BTC and promote LTC.

OP then claimed his account was hacked and the hacker posted the LTC post

It's kinda funny that he used the word "cryptowar"...

Posting on the open, public forums of your "enemies" is hardly what I would call "crypto".

[adamstgBit]

I have thought about this question for a long time, is bitcoin actually viable. It began as a curiosity, I was wondering how could a currency be totally peer to peer, totally trust-less, and after discovering Bitcoin I couldn't possibly see how it worked. I think looked and realized it wasn't actually a currency, it was more of a commodity, However, the problems with bitcoin are immense. The main problem I see with bitcoin is reliability and trust. The community is fragmented, or non-existent while still trying to persuade itself that it still exists. The majority of people keeping the price where it is, are essentially in it to profit in either the short-medium term and I expect that they have little care for ensuring the market is stable, or that bitcoin grows. The software is difficult to use, and seems to be designed by the kind of people who dont understand the typical financial types that will use bitcoin on a regular basis. Copying and pasting bitcoin public keys all day, is not going to work with anyone, the software needs to be designed to be user-friendly and perhaps even integrated with spreadsheet or accounting software. Also, the project, community and general Eco-system is not organized or managed very well at all. I dont expect bitcoin to even survive 6 months, at least not if you expect the coins to be worth anything or to be traded in any substantial amounts. That is my analysis over the years that I have been involved with the project, and I am sorry to say, many of you are probably wasting your time. I hope things do go well, I am just not optimistic.

Can somebody please tell me how the author of the below now spews the above?

I am interested in possibly acquiring a bitcoin loan of about 1000 BTC. I would pay back monthly with bitcoins. I am a trusted member of the community, and am active on the forums and IRC. Would anyone offer me the loan, at how much interest and with what conditions attached?

He sure the hell was optimistic when he wanted to borrow some bitcoins.

~Bruno~

he got his loan sold it all (at 6.50), got tired of waiting for the price to drop.. so he posted this bs?

[mccorvic]

The OP claimed that he wasn't promoting bitcoin, but someone found a post from earlier today where OP was saying that he wanted to start a "cryptowar" with BTC and promote LTC.

OP then claimed his account was hacked and the hacker posted the LTC post

It's kinda funny that he used the word "cryptowar"...

Posting on the open, public forums of your "enemies" is hardly what I would call "crypto".

Well, we are clearly dealing with a mind of the highest caliber here.  We could but only dream of understanding his methods.

[Kupsi]

Yes! Buy as much as you can! Not just BTC but alt currencies too...

Hacked account again?

[Raoul Duke]

Yes! Buy as much as you can! Not just BTC but alt currencies too...

Hacked again?

No. Just trying to get his post count up there so he can ask for that 1000 BTC loan again and hope some sucker gives him the coins.

[mccorvic]

No. Just trying to get his post count up there so he can ask for that 1000 BTC loan again and hope some sucker gives him the coins.

I enjoy the idea that he thinks that anyone who'd be able to give him a 1000BTC loan wouldn't look at his previous posts.

[RodeoX]

Another one of these threads. haven't seen one in a while.
You know what I have never seen? Someone willing to sell there coins to me cheap. If the sky is falling why won't you sell me some coins at $5? I can help you out before they are worthless. let me guess, your not willing to sell either. This is just a public service announcement because you care so much. 

[Raoul Duke]

Stupid OP is stupid.

I was thinking to myself, why bitcoin and similar crypto-currencies seem to be so hidden in obscurity that nobody knows about it, apart from a small number of us here. I thought to myself, the media may not always portray things accurately, but in the internet age alot of websites have sections where you can post comments. I decided to try it out and posted to several news articles which were relevant to economics/business and put short messages about Bitcoin. I was wondering whether anyone thinks this is a good idea, and whether more of us should do this, after all we do all have a stake here if we own coins or are invested in the community here...

Let me know what you think and what your opinion is...

[Clipse]

5 pages of responses to the OP with half a turd of a brain.

After reading the OP it wasnt hard to see he has zero economics experience or any idea how the financial industry works. OP you should definitely go hang out on 4chan or somethingawfull because I am sure they are short a moron by now.

My timeline on OP:

- Got 1 or 2 cpus mining litecoins
- Value of litecoins moved up even though it still wont take much to crash the price continously for the lulz
- He is now excited about his $4 in "profit"
- He wants to be a big playa now and thinks if he makes noise everywhere about bitcoin being bad he could push the litecoin price up.

I have news for you OP, litecoin will more likely than not take another crash dive real soon when the big dump comes-a-flying.

[mccorvic]

I'd wager OP is kicking himself right now for creating this thread and undoing all the work he did building up a scammer account.

[sadpandatech]

5 pages of responses to the OP with half a turd of a brain.

I thought for sure you were going to follow that with how stupid we all are for risking our limbs to feed it. =)

[rjk]

I have news for you OP, litecoin will more likely than not take another crash dive real soon when the big dump comes-a-flying.

I'd crash it if I could be arsed to pull that old wallet out of my backups. But they aren't worth enough to warrant the hassle.