Ninjastic
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Re: Is bitcoin dead?
by
iamback
on 07/03/2015, 04:50:19 UTC
Quote from: Inotanewbie on March 07, 2015, 12:56:57 AM
Quote from: ajareselde on March 07, 2015, 12:46:22 AM
Quote from: iamback on March 06, 2015, 06:07:37 PM
When most everyone says it is dead, only a few diehards remain, that will be the bottom in the price and we will rise again from there.

It is a positive sign that some people are starting to think it is dead. Unfortunately there are still too many idealistic fanboys who think it is not dead (they provide the wrong reasons for justification, e.g. decentralized consensus is a joke and a lie) and they need to lose their money first buying BTC at these nosebleed levels.

Bitcoin will never die, it was declared dead more times than George Bush was called stupid.
You need to differentiate bitcoin, and bitcoin price, because you obviously got confused between the two, but regardless, i can assure you that both of the two are live and ticking,
and will continue to do so for a long, long time (..and they made bitcoin transactions happily ever after- That long)

cheers

This is it above, how many times has bitcoin been declared dead on this forum...

Both of you need to learn how to read. I did not write that Bitcoin is dead. In fact, I wrote that it will bottom when most idealistic fanboys think it is dead. Then it will rise with new focus that is more realistic. Again the decentralized consensus idealism is not true. The OP explained for example that mining is not decentralized.

Quote from: Bonam on March 06, 2015, 11:55:43 PM
Quote from: iamback on March 06, 2015, 06:07:37 PM
When most everyone says it is dead, only a few diehards remain, that will be the bottom in the price and we will rise again from there.

It is a positive sign that some people are starting to think it is dead. Unfortunately there are still too many idealistic fanboys who think it is not dead (they provide the wrong reasons for justification, e.g. decentralized consensus is a joke and a lie) and they need to lose their money first buying BTC at these nosebleed levels.

So your theory is that after very few people are left using/hoarding bitcoin, suddenly bitcoin will become relevant again?

The timing of the old false idealism dying and some new realism taking form seem to be roughly aligned for no particular reason other than they are. It's just time.

Well actually there is a reason they are aligned. And you refer to the links I posted in my first post in this thread. And to this one as well:

https://bitcointalk.org/index.php?topic=355212.msg10687107#msg10687107

As for the technical and market adoption realism coming to Bitcoin, please refer to one of those prior links I provided wherein I stated that the only two markets for Bitcoin are "speculation" and "nefarious" activities. I provided a detailed explanation there.