Quote from: NightCloudz07 on January 23, 2018, 02:57:48 PM

Quote from: vsyc on January 23, 2018, 12:21:46 PM

I am amazed with number of people being fooled with BTC:

1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.

Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.

Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.

BTC is scam of the century, stay away.

what? no its not. bitcoin cannot be a useless because there is so many people who been really rich because of bitcoin so what is your problem with it and what a trash question.

I think below quote of Warren buffet will open your eyes.
"Price is what you pay. Value is what you get. "

He is in post talking about the value of bitcoin but you are telling him the price of bitcoin.

I also think BTC will act as a collateral to buy other currencies, Commissions are so high in BTC transaction, you cannot think of doing any small transaction on it.