Bitcoin's failure to scale will show the failure of decentralized systems!

[cuddaloreappu]

Its been 6 years and bitcoin has not gone mainstream..

even photo sharing apps are having more users, network effect and valuations than this..

One of the key reasons that bitcoin has not gone mainstream or it could not is because of the limit of tranactions per second and block size..

while people who want bitcoin to succeed try to innovate and take bitcoin mainstream with VISA like tps, there are people who want bitcoin to fail.

They are paid shills of central banks who want bitcoin to be as a nerd and geek money and never see the lightof mainstream adoption..

If bitcoin was a central institution, people could have raised a lot of money and could have taken it mainstream by now..

But  see how bitcoin suffers, the  core developers are saying something for  scalability while some are saying other things, and in the end what happens is nothing and bitcoin just becomes weaker and weaker..

thus bitcoin inability to scale and go mainstream is simply showing the world how decentralized systems are weak in reaching consensus and go mainsteam

[1715693351]

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[pawel7777]

One of the key reasons that bitcoin has not gone mainstream or it could not is because of the limit of tranactions per second and block size..

Key reason? Seriously?

Blocks are getting close to the 1mb limit but it's not the problem yet. I don't see how this currently stops anyone from using bitcoin.

Yes, it's an issue (although some will disagree) and it will likely be resolved with the next fork. But that's not the reason for not going mainstream yet.

[Bit_Happy]

6 years?
When the 'Internet' was 6 years old it was no where near mainstream.
http://en.wikipedia.org/wiki/History_of_the_Internet

Bitcoin is doing great, and will be able to scale, with transactions both on and off the blockchain.

[mayax]

Its been 6 years and bitcoin has not gone mainstream..

even photo sharing apps are having more users, network effect and valuations than this..

One of the key reasons that bitcoin has not gone mainstream or it could not is because of the limit of tranactions per second and block size..

while people who want bitcoin to succeed try to innovate and take bitcoin mainstream with VISA like tps, there are people who want bitcoin to fail.

They are paid shills of central banks who want bitcoin to be as a nerd and geek money and never see the lightof mainstream adoption..

If bitcoin was a central institution, people could have raised a lot of money and could have taken it mainstream by now..

But  see how bitcoin suffers, the  core developers are saying something for  scalability while some are saying other things, and in the end what happens is nothing and bitcoin just becomes weaker and weaker..

thus bitcoin inability to scale and go mainstream is simply showing the world how decentralized systems are weak in reaching consensus and go mainsteam

BTC was made just to make quick money. a gang is earning a lot of money from it and that's the story

a so called decentralized system will not be "mainstream" ever. yes, BTC gang opened many so called "media website" where they present
BTC as being something extraordinary but everything is only PR, buzz just to attract more fools to put money in...

[NeuroticFish]

The key reason for the lack of mass adoption is the lack of need for this.

People still use their credit card or their money. And while they don't find the system as "broken" they will not try to "fix it".
Some people tried to use bitcoin to hide illegal activities or to hide their assets. They have found out that bitcoin is not great for this kind of uses.

And what we do?
Instead of find and fund ideas to make bitcoin become indeed useful for something, we use out brains to scam each other (thus give a bad name to bitcoin), fight and dream of another bubble.


There are not enough businesses that accept bitcoin.
There are (almost?) no businesses that pay in bitcoin.
Is bitcoin a currency? Not yet.


Then, give a good reason to the average Joe to buy / use bitcoin....

[pawel7777]

BTC was made just to make quick money. a gang is earning a lot of money from it and that's the story

a so called decentralized system will not be "mainstream" ever. yes, BTC gang opened many so called "media website" where they present
BTC as being something extraordinary but everything is only PR, buzz just to attract more fools to put money in...

And yet you're on this bitcoin forum 24/7 completely addicted and unable to move on to other, better things. That's the real paradox, isn't it?

[RodeoX]

When I was six I was not mainstream either.

[Bit_Happy]

BTC was made just to make quick money. a gang is earning a lot of money from it and that's the story

a so called decentralized system will not be "mainstream" ever. yes, BTC gang opened many so called "media website" where they present
BTC as being something extraordinary but everything is only PR, buzz just to attract more fools to put money in...

And yet you're on this bitcoin forum 24/7 completely addicted and unable to move on to other, better things. That's the real paradox, isn't it?

He wants to save us from investing more in BTC.
Mayax, he has a point. Why are you here?

[LeMiner]

Ok, here we go.....

Its been 6 years and bitcoin has not gone mainstream..

6 years after the internet was invented they didn't even have the ARPANET yet...

even photo sharing apps are having more users, network effect and valuations than this..

We're currently at a 3 billion US$ market cap, not bad for a 6 year old open source technology. Internet wasn't even worth 1 million $ after 6 years

One of the key reasons that bitcoin has not gone mainstream or it could not is because of the limit of tranactions per second and block size..

Actually, we have never hit any limit yet, so block size or TPS doesn't seem to be a limiting factor at all currently.

while people who want bitcoin to succeed try to innovate and take bitcoin mainstream with VISA like tps, there are people who want bitcoin to fail.

Not really sure if this can really be called a point, but there are people that want every company in the fortune 500 fall. And yes, VISA like TPS is possible.

They are paid shills of central banks who want bitcoin to be as a nerd and geek money and never see the lightof mainstream adoption..

Or maybe we're all in the US secret service

If bitcoin was a central institution, people could have raised a lot of money and could have taken it mainstream by now..

Do I really have to refer back to the early internet again now?

But  see how bitcoin suffers, the  core developers are saying something for  scalability while some are saying other things, and in the end what happens is nothing and bitcoin just becomes weaker and weaker..

Stating that democracy could never succeed really isn't much of a point seeing how the biggest economies are running "successfully" using the very same system

thus bitcoin inability to scale and go mainstream is simply showing the world how decentralized systems are weak in reaching consensus and go mainsteam

Once again I refer you to the early internet.

VISA like TPS is possible, it just takes a while to implement the proper back/frontend to support it. In 1951, the first bank credit card appeared in New York's Franklin National Bank for loan customers. Want to know how much TPS they had in the first 40 years?

[cuddaloreappu]

Ok, here we go.....

Its been 6 years and bitcoin has not gone mainstream..

6 years after the internet was invented they didn't even have the ARPANET yet...

even photo sharing apps are having more users, network effect and valuations than this..

We're currently at a 3 billion US$ market cap, not bad for a 6 year old open source technology. Internet wasn't even worth 1 million $ after 6 years

One of the key reasons that bitcoin has not gone mainstream or it could not is because of the limit of tranactions per second and block size..

Actually, we have never hit any limit yet, so block size or TPS doesn't seem to be a limiting factor at all currently.

while people who want bitcoin to succeed try to innovate and take bitcoin mainstream with VISA like tps, there are people who want bitcoin to fail.

Not really sure if this can really be called a point, but there are people that want every company in the fortune 500 fall. And yes, VISA like TPS is possible.

They are paid shills of central banks who want bitcoin to be as a nerd and geek money and never see the lightof mainstream adoption..

Or maybe we're all in the US secret service

If bitcoin was a central institution, people could have raised a lot of money and could have taken it mainstream by now..

Do I really have to refer back to the early internet again now?

But  see how bitcoin suffers, the  core developers are saying something for  scalability while some are saying other things, and in the end what happens is nothing and bitcoin just becomes weaker and weaker..

Stating that democracy could never succeed really isn't much of a point seeing how the biggest economies are running "successfully" using the very same system

thus bitcoin inability to scale and go mainstream is simply showing the world how decentralized systems are weak in reaching consensus and go mainsteam

Once again I refer you to the early internet.

VISA like TPS is possible, it just takes a while to implement the proper back/frontend to support it. In 1951, the first bank credit card appeared in New York's Franklin National Bank for loan customers. Want to know how much TPS they had in the first 40 years?

So you want 40 years to go to moon

[AgentofCoin]

BTC was made just to make quick money. a gang is earning a lot of money from it and that's the story

a so called decentralized system will not be "mainstream" ever. yes, BTC gang opened many so called "media website" where they present
BTC as being something extraordinary but everything is only PR, buzz just to attract more fools to put money in...

And yet you're on this bitcoin forum 24/7 completely addicted and unable to move on to other, better things. That's the real paradox, isn't it?

He wants to save us from investing more in BTC.
Mayax, he has a point. Why are you here?

Mayax is one of the paid shills, OP is talking about... remember his thread about how cold storage is now easily hacked... all he does is talk about how bitcoin is bad. His account is probably a sockpuppet for some South American government.

[manselr]

Its been 6 years and bitcoin has not gone mainstream..

even photo sharing apps are having more users, network effect and valuations than this..

One of the key reasons that bitcoin has not gone mainstream or it could not is because of the limit of tranactions per second and block size..

while people who want bitcoin to succeed try to innovate and take bitcoin mainstream with VISA like tps, there are people who want bitcoin to fail.

They are paid shills of central banks who want bitcoin to be as a nerd and geek money and never see the lightof mainstream adoption..

If bitcoin was a central institution, people could have raised a lot of money and could have taken it mainstream by now..

But  see how bitcoin suffers, the  core developers are saying something for  scalability while some are saying other things, and in the end what happens is nothing and bitcoin just becomes weaker and weaker..

thus bitcoin inability to scale and go mainstream is simply showing the world how decentralized systems are weak in reaching consensus and go mainsteam

If you want to start counting years at least count after the release goes official, we are still talking release candidates..

[Come-from-Beyond]

6 years?
When the 'Internet' was 6 years old it was no where near mainstream.
http://en.wikipedia.org/wiki/History_of_the_Internet

I could compare to other things and this would contradict to your point completely...

[R2D221]

6 years?
When the 'Internet' was 6 years old it was no where near mainstream.
http://en.wikipedia.org/wiki/History_of_the_Internet

I could compare to other things and this would contradict to your point completely...

Then we agree that the age of a technology is irrelevant to determine its success.

[johncarpe64]

As the largest network currently in the world today, I would argue it shows the success of decentralized systems.

[LiteCoinGuy]

When I was six I was not mainstream either.

but you were already born as "Bitcoin Jesus", but nodbody knew that back then 

[ChuckBuck]

Is this another "Bitcoin is dead thread" disguised as a Hard Fork and Decentralized system thread?

Wow, seems like there's at least one of these every day.

6 years in the grand scope of things is nothing when it comes to truly revolutionary technology.  6 years and a current price of $220 means wave the white flag on the Bitcoin project.

I mean Alan Turing created the first modern computer in the early 1940s.  Steve Jobs and Bill Gates only created the personal computer for homes in the 1980s.  Social Media didn't officially become a thing until the early to mid 2000s.

Let's wait until Bitcoin emerges from early Beta first before we start throwing around the word "failure".  It's way to early to call this race.

[oblivi]

As the largest network currently in the world today, I would argue it shows the success of decentralized systems.

For clueless people that only look at the price, bitcoin is a failure.

[b-stock]

I'm going all in though....

[RodeoX]

When I was six I was not mainstream either.

but you were already born as "Bitcoin Jesus", but nodbody knew that back then 

I hope I'm not. Jesuses tend to get crucified in the end.