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Author Topic: Why bitcoin is in big trouble and is ultimately doomed!  (Read 13173 times)
mystery2048 (OP)
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July 19, 2012, 06:25:47 AM
 #161

Ive been telling everyone I know how stupid bitcoin is, hehe, and the posting constantly to media sites warning people about this... It shouldnt be long before people realise the truth! Smiley

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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tvbcof
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July 19, 2012, 07:32:28 AM
 #162

Ive been telling everyone I know how stupid bitcoin is, hehe, and the posting constantly to media sites warning people about this... It shouldnt be long before people realise the truth! Smiley

Yup....any minute now...

In related news, I wonder how our somethingawful friends are getting on?  I don't reckon they'll be showing up here a year after their assertions that Bitcoin was on deaths door and that everyone who was involved was an ignorant loon.  The latter may well be true, but that only goes to show that an ignorant loon can be up $1000's/day with a little patience...and there is a chance that we've not seen anything yet.

Although most of the SA guys were pretty lame I actually do miss 'fatlas' who was pretty clever and funny most of the time.  If I were not so lazy I would go find out if they are accepting Bitcoin as payment for membership yet.  It was pretty funny that people were chumped into paying $100's per year for a forum then coming here to call Bitcoin folks retards.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
mystery2048 (OP)
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July 19, 2012, 07:38:37 AM
 #163

Lol, and a typical bitcoin problem, there hasnt been a block for over *2 HOURS*...

Seeing as most people wait 6 confirms for a transaction, I find it very hard that the world economy is going to depend on a system that could take 12 hours potentially to confirm a transaction... Lol, imagine the problems of trying to buy groceries and this happens...

Oh well, time to give more of these useless bitcoins and litecoins away...

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aq
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July 19, 2012, 07:49:15 AM
 #164

Lol, and a typical bitcoin problem, there hasnt been a block for over *2 HOURS*...

Seeing as most people wait 6 confirms for a transaction, I find it very hard that the world economy is going to depend on a system that could take 12 hours potentially to confirm a transaction... Lol, imagine the problems of trying to buy groceries and this happens...

Oh well, time to give more of these useless bitcoins and litecoins away...
Last block was generated only a few minutes ago
http://blockexplorer.com/
mystery2048 (OP)
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July 19, 2012, 08:04:47 AM
 #165

Lol, and a typical bitcoin problem, there hasnt been a block for over *2 HOURS*...

Seeing as most people wait 6 confirms for a transaction, I find it very hard that the world economy is going to depend on a system that could take 12 hours potentially to confirm a transaction... Lol, imagine the problems of trying to buy groceries and this happens...

Oh well, time to give more of these useless bitcoins and litecoins away...
Last block was generated only a few minutes ago
http://blockexplorer.com/


Ah your right, it looks like blockchain.info is screwed up... lol...

Important: https://bitcointalk.org/index.php?topic=92424.0;all

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vuce
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July 19, 2012, 08:09:25 AM
 #166

Oh well, time to give more of these useless bitcoins and litecoins away...

I will happily take some of those useless bitcoins off you. Address is in my sig. Smiley
mystery2048 (OP)
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July 19, 2012, 08:19:08 AM
 #167

I am out of bitcoins, and only have litecoins/namecoins... if you post on my Free Coins topic on the newbie forum, id be happy to give you some in the next batch Smiley

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