Post
Topic
Board Bitcoin Discussion
Re: Do you sometimes think Bitcoin will fail?
by
Harley997
on 08/07/2014, 16:20:15 UTC
I am normally optimistic, but not in a good mood right now.
BTC is too hard for common people....Too risky....Confirmations sometimes take way too long....Competing with powerful forces in banking and Gov't....Bad rep in the media....child porn....gambling...drugs....51%.........blah, blah...
Do you sometimes think Bitcoin will fail?

Please be honest, that's all.


Edit:
Confirmations sometimes take Wwwaaaaaaaaaaayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy too long
The last block was 38 minutes ago and that is "not ready for prime time" or usable in the real world......We are delusional, this thing is not working!!   Shocked


not at all, though I heard a lot about bitcoin bitcoin as rejected, bitcoin will be removed or bitcoin prices will be falling. however, the fact remains running bitcoin and demand more and more. if bitcoin will disappear, it takes a very long time.
Unless you are dealing with large amounts and with a sophisticated attacker it is generally safe to assume that a transaction will be confirmed once it is accepted and propagated throughout the network, especially if there is an appropriate fee attached to the TX.