our advertising disclaimer | Disclaimer - Must be read before using forum or clicking any links
Your Ad Here
BlockDOS.net - DDOS Protected Web Hosting!
The same protection that Talkgold Uses! Starting at $400/month when you mention Talkgold! The most reliable DDOS protection online!
For only $17/day, $99/week or $379/month
Put your banner or text in the rotation above!ONLY $17/day, $99/week, or $379/month!

All banners and links On Talkgold are advertisements only. We do not endorse or vouch for any advertiser's claims. Use Extreme Caution & perform your own due diligence before sending money to anyone!
Put Your 728X90 Banner Here NOW!
Page 1 of 2 12 LastLast
Results 1 to 10 of 13
  1. #1
    Join Date : Feb 2017
    Posts : 4

    Default Goodbye Bitcoin!

    Ahh, I don't know how to say this, but I have to say the truth. Bitcoin is over. The 8 year experiment that was meant to change the world for the better and to emancipate the human population, has turned into an echochamber of trolls who yell at eachother, while the system is slowly collapsing, and being replaced by other altcoins.

    I am in Bitcoin since 2013-2014, I have seen all of it, and mostly the inability of it to evolve. It wasn't as bad until 2015, and throughout 2016 I was silent, but now it's 2017, and things are getting worse. Only a fool will deny that.

    If this continues, then Bitcoin will be over. I don't want that, since I have obviously invested a lot of time and effort into this. But I fear that there is no other option now, as I am seeing the inability of the community to resolve issues.

    I have sent a transaction 2 days ago, and guess how much fee I had to pay? 70,000 satoshi.
    Yes 70,000 satoshi for an average size transaction, with 1 input and 1 output, in order to be confirmed within 2 blocks.

    I remember the time when back in 2014 I used to work 3 hours doing stupid faucets for 70,000 satoshi, and now it's all gone in 1 transaction? Cheesy

    Now I have heard the dumbasses saying that we can't have faster than 10 min confirm time because it will create orphans (strangely other cryptocoins don't have this issue). So I can put up with a 10 min confirmation time, just for the sake of this argument.

    But to pay 70,000 satoshi in order to have 20 min confirmation, is just ridiculous. I might as well just switch to Paypal, what is the difference at this point?
    The alternative of course was to wait 30-40 blocks with a 12000 satoshi fee.

    Now is Bitcoin "A Peer-to-Peer Electronic Cash System" like satoshi wanted, with 70,000 satoshi fee OR 40 block wait time?
    Or is Bitcoin just a Frankenstein monster, that has obvious flaws (this, miner centralization, nodes are not incentivized, etc) that will slowly die off once better alternatives come in?

    And the community reaction is also deplorable. Most people call me troll or shill, just for pointing out legitimate criticisms? What you can't criticize Bitcoin now? Is Bitcoin just an echochamber of fanatics and fanboys? Because without criticism, you can't solve issues.

    Given the fact that most new Bitcoiners are from 3rd world countries, where high transaction fee is unacceptable. And given the fact that most people in the world like simple & elegant solutions (like how Apple conquered the marketplace with this method).

    People want simple solutions:
    Pronouncable addresses instead of long hash text
    Instant confirmation times (yes it's possible)
    Low or no fees (yes it's possible)
    Unlimited transactions (yes it's possible)
    Simple wallet GUI (ok, this one bitcoin does have through mobile apps)

    So out of these 5 critical marketing poinst, bitcoin can only deliver 1, which is a very poor performance. And there are of course other security related issues, but they are not necessarly cared by Average Joe.

    So it seems to me that 3rd worlders have absolutely no incentive to use Bitcoin. They will just use another cryptocurrency that can deliver these promises.

    Segwit will probably not pass, and then we will be stuck another 2 years *****ing and moaning at eachother and trying to find scapegoats.

    And in that time, Bitcoin will be replaced by a better alternative, once the majority of people realize that it's pointless to argue with trolls.

    So after 4 years of being in this community, I'm afraid I have to leave it now. I don't see any hope for Bitcoin in the long run. It was a good prototype, and it definitely taught us a lot of good technical things, but also a lot of game theory/ sociology things, where it has been proven in my opinion, that consensus can't be made without a clear voting platform.

    So yes, Bitcoin was the first, we thank satoshi for his work. But Bitcoin isn't "THE ONE". It's just a failed prototype with many bugs. And out of this failure a better and stronger coin will arise.

  2. #2
    Join Date : Feb 2017
    Posts : 34

    Default Re: Goodbye Bitcoin!

    you can not think that way
    that way is lazy and money go to banks mafia
    is that you want to your future ?

  3. #3
    Join Date : Apr 2016
    Posts : 149

    Default Re: Goodbye Bitcoin!

    Bitcoin was at 230$ in Nov 2015 and now it is around 1300$.. so i guess that was a good return on the investment if anyone has stored it since the said date i.e., Nov 2015.

  4. #4
    Join Date : Mar 2013
    Location : FL, USA
    Posts : 77

    Default Re: Goodbye Bitcoin!

    lol, so I guess this is the hundredth time that "bitcoin died" :-)

    Bitcoin is the future and all problems will be fixed in time.

    have patience. ;-)

  5. #5
    Join Date : Mar 2017
    Posts : 2

    Default Re: Goodbye Bitcoin!

    The world’s first Bitcoin bank has opened in Vienna. The Bitcoin Bank, named simply "Bitcoin-Bank", is located at Mariahilfer Straße 49 in the center of the city.
    It is designed to make buying and selling Bitcoin easier and safer than other in-person options such as Localbitcoins meetings or unsafe exchangers.

  6. #6
    Join Date : Feb 2017
    Posts : 228

    Default Re: Goodbye Bitcoin!

    Be patient please, good things take times

  7. #7
    Join Date : Apr 2013
    Posts : 26

    Default Re: Goodbye Bitcoin!

    Well, friends! Bitcoin has an alternative to Etereum. This is faster, easier, more secure, and now it is the second in terms of currency trading volume.

    Look at it carefully. It is gaining momentum and I think that it will replace bitcoin, as pagers have been replaced by cell phones.

  8. #8
    Join Date : Feb 2014
    Location : dangerous mother.com
    Posts : 427

    Default Re: Goodbye Bitcoin!

    Central banks of many countries do not approve Bitcoin. Dealing in Bitcoin is dealing at your own risk.

  9. #9

  10. #10
    Join Date : Mar 2017
    Posts : 13

    Cool Re: Goodbye Bitcoin!

    sorry i am not agree with your post , bitcoin cant fall so soon i guess, bcoz now a days its really leading crypto currency,in 2015 it was 530$ per bitcoin , now its rise todays rate is 1456$ per bitcoin
    so , friends keep patience on this currency , in the future it will shine more than now i swear, so keep working hard and earn more bitcoin


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

ADVERTISE HERE. Must read: Advertising Terms & Website Disclaimer
Click Here for details.
Your Ad Here Cost of Ad - $160
Your Ad Here Cost of Ad - $140

ONLY $45/Week
Your Ad Here Cost of Ad - $45
Your Ad Here Cost of Ad - $45