Bitcoin is dead and you know it.
How do we replace Bitcoin, /g/?
My family has been jobless since 2008 and we've lived decently till now because my dad used to make a lot of money and he invested everything he made in gold in early 2000s.
Too bad we only have around 6k€ in gold left. Oh well I guess that living under bridges was inevitable afterall...
Investing in gold was really a good choice anyway.
Everyone knew bitcoin didn't work when people tried selling at a high and mg didn't give them any money. Bitcoins aren't gold, which is backed by institutions with billions, or stocks, which is backed by real company value.
Bitcoin is not dead, and you are a kike shill.
There are two sides to the story of whether bitcoin is dead or not.
Those who still have bitcoins and failed to sell them at a high price say it isnt dead. Those with investments in bitcoin say it isnt dead.
Those who have no investments and no interest in whether bitcoin survives or not say it is dead.
The failure of the bitcoin debate is obvious. How can you trust anyone who tells you to invest in bitcoin, since you always have to ask yourself, "what is their interest in seeing bvitcoin survive? What is their agenda".
The same cannot be said of those who say it is dead since the world does not need bitcoin to survive. Nobody needs bitcoin to survive unless they invest in it!
I know who I believe and have always said bitcoin is, was, and always will be a total scam!
Honestly, this just shows that bitcoin really was the perfect anarchist currency.
Anarchism always results in one party gaining all the power and abusing everyone else with it. It turns into monarchies and kingdoms and empires.
OK so the technical implementation is flawed. But the idea of Bitcoin as a whole is not.
Bitcoin will either be fixed (I don't know how) or there will be a better alternative made from the ground up.
We can consider Bitcoin the "public beta" of cryptocurrencies.
Any crypto currency has to be china resistant. IE any attempt to 'mass produce' however the coins are produced should fail.
Like for example base coin generation off of something like land area. You'd have to go to space to get more land.
But doing that computationally is like 'what the hell'.
You know, like a finite and static resource.
i think it would be more accurate to say bitcoin is dying.
the implementation is broken and its not too late to fix it, but no one wants to because they're either selfish, retarded, or both.
I made $20,000 from bitcoin and bought a car which I lost my virginity in then crashed having neglected to buy insurance. Money well spent.
It's clear that it is over. The successor has a chance if it avoids the faggotry that surrounded BTC.
Its a free market monopoly and theres nothing wrong with it, it's voluntary
Anyone can use any other crypocurrancies they want
Only govenment laws and regulations can form monopolies ya statist cuck
Drug dealer here. You only need it to survive if you're doing internet sales/cross country shipping. Basically any time distance prevents you from actually exchanging cash by hand.
Cash is still 99% of transactions however.
>developer salty he doesn't get his way, ragequits to go work for a bank, and whines about it on reddit
>Allowed buyers to take back payments they’d made
How is that even possible in bitcoin? I thought payments were irreversible once the block has been confirmed, what the hell is he talking about?
The value of BTC doubled in last year, I remember when it was worth over 1000 USD before Mt. Gox closureand I remember when it reached the bottom at below 200 USD after Mt. Gox closed, yet in last year it still managed to double its value.
BTC cannot die as long as miners keep mining and people are interested in it, the distribution of hashing power is pretty stable too, of course it was much more stable before BTC value peaked two years ago because there was less people into the mining business, then ASIC miners boomed and pools started unbalancing each others, there was a time when one pool was close to reaching 50% but it didn't happen, look at it now, unless two or more pools merge together it will never collapse and miners don't want BTC to collapse, they know that if their pool goves over 50% BTC is dead, it's all ogre.
BTC will never die unless governments try to kill it abusing the mining business.
How the fuck did it happen? can't you see the graph? there're no pools with hashing rate over 50% do you even know how BTC works?
>You know its worth over 600 usd atm right?
Depends where you look, the sell price is always higher of course, but on the real market the price is always lower.
No. We use real Dollars. It just fucking blows my mind that our government gives foreign governments like Europe billions in so-called aid every year, and yet these goofballs still use play money.
>The value of BTC doubled in last year, I remember when it was worth over 1000 USD before Mt. Gox closureand I remember when it reached the bottom at below 200 USD after Mt. Gox closed, yet in last year it still managed to double its value.
i remember when it was well below 200, more like 30$
transations going back is because they're not confirmed and Peter todd wants Replace by Fee. So you can create a transaction right after you leave, that just increases the fee and sends the money to yourself. Its never confirmed but it doesn't work for anything where it isn't practical to wait.
>Step 1: invent new crypto currency
>Step 2: new currency has golden age where it's perfect
>Step 3:super rich moves in to corner the market on new crypto currency
>Step 4: repeat step 1 until super rich become poor buying out every crypto currency in existence
I don't see a problem here.
That figures completely bullshit. The rate is 22%. I'm sure you believed every word of the State of the Union script performed by president Barry!
Also, the majority of jobs counted are shitty part-time jobs, and the figure still stands.
"If you use the broadest definition of unemployment, the ratio of people over the age of 16 with jobs to the overall 16-and-over population, the Labor Department says that 40.6% of the population is unemployed."