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Showing 5 of 5 results by johben
I think bitcoin makes on sense at all.
A decentralized money means every client holds a central bank -- it's feasible only for a very small scale. The block chain is 10G today. It can grow up to 100...0GB if it wants to get the same position as usd or euro or cny -- obviously it's impossible.
It's no better than an idiot comapring to current finacial system. It does not support transaction, rollback, tracing, etc.
When more people get involved, it will be a nightmare.
When SHA is hacked, everything is gone.
The rule for wealth is so ridiculous -- btc mining likes lottery. Is this better than rules in today's real world? No, it's just ridiculous.
It's just a new kind of Ponzi scheme. Everyone hope his btc will become more and more expensive so he can get rich without doing anything. I do not think they will succeed.
Am I wrong?
A decentralized money means every client holds a central bank -- it's feasible only for a very small scale. The block chain is 10G today. It can grow up to 100...0GB if it wants to get the same position as usd or euro or cny -- obviously it's impossible.
It's no better than an idiot comapring to current finacial system. It does not support transaction, rollback, tracing, etc.
When more people get involved, it will be a nightmare.
When SHA is hacked, everything is gone.
The rule for wealth is so ridiculous -- btc mining likes lottery. Is this better than rules in today's real world? No, it's just ridiculous.
It's just a new kind of Ponzi scheme. Everyone hope his btc will become more and more expensive so he can get rich without doing anything. I do not think they will succeed.
Am I wrong?
And you think what is security in banks based on? SHA protects passwords to servers etc.
And you don't need to download all the block chain. You can have online wallet. Some of them are very secure with keys kept on your own hardware.
And it has so many advantages like no chargebacks which is a nightmare for merchants and many many more. Just read more.
This will be very nice I see a rise incoming
These falls and rises are the reason regular people will never trust Bitcoin. Don't get me wrong I like Bitcoin, but until this volatility problem can be solved, Bitcoin isn't a currency.
Depends for whom. If you are merchant accepting BTC in your shop then you're right.
But if you're miner or market trader then it is even good for you.
I have 0 posts! May I advice too??? 
Despite posts count those people are right. You will never see ROI neither with BFL nor Erupters. Better to speculate with BTC value.
In asic-gambling word it is crucial to have it on time. BFL prooved to not deliver on time (over a year delay lol)
And erupters are just overpriced.
Despite posts count those people are right. You will never see ROI neither with BFL nor Erupters. Better to speculate with BTC value.
In asic-gambling word it is crucial to have it on time. BFL prooved to not deliver on time (over a year delay lol)
And erupters are just overpriced.