Search Posts

Why is it almost every single one of you guys just ignore the utterly broken fundamentals?

I am not aware of any broken fundamentals.
Could you enlighten me?☺

Bitcoin doesn't scale.
Mining operations are becoming more and more centralized.
Mining is an inefficient wasteful and toxic process for the environment.
The vast majority of coins is owned by a hand full of people.
Confirmations are too slow for every day use.
Transactions are fully traceable, not anonymous.
Need I go on?

Kwuks usual doomsaying.. big hollow empty statements

Doesnt scale to *what level Kwuk ? Big enough to handle what volume of transactions ? Why not ? Which better system *does scale to the volume you want ?

Mining is inefficient ? Hahah, So printing notes and metal coins, and driving them all over the physical place in combustion fuelled vehicles, guarded by humans, and destroying and reissuing those notes every few years is clearly a better cleaner more efficient system ?

Owned by a few, what, you mean like our current systems where 5% owns more than the other 95% ?
So you want a new currency where everyone gets a free handout at the start ? perhaps free beer too ?

You do know that credit card transactions arent "confirmed" in realtime either ? As a CC accept-er, the merchant takes on a charge-back risk that can be *6 months after the sale was "confirmed". Just because the little swipe machine says "Approved" doesnt mean the merchant actually has his money.. Bitcoin is actually a significant *improvement in this regard.

Want faster *confirmations - just add in a 3rd party who will accept the (miniscule) risk in covering the tiny fraud percentage for as long as it takes the blockchain to confirm things. Or you could try to withdraw/transfer $10k from a bank and see how long it *really takes them to "confirm" that you can have your money.

Transactions are traceable to *addresses, of course, they have to be. Addresses are not traceable to *people. Anonymity is quite easy if you want to take some precautions. Once again, a misrepresentation of the facts to suit your agenda.

I think its good that we have bears around, we need people to look at the other side to keep from getting caught up in groupthink, but you arent a bear, you're a miserable excuse for a teddy bear with one of those pull-the-string-and-repeat-stock-phrases-in-a-squeaky-voice toys. If you would actually put some moments of cognition into your posts, you might not get laughed at so much.

But your history shows there is little chance of that.

Couldn't agree more. Besides that why would someone log on on Bitcointalk everyday for months if not years to tell others to sell their Bitcoins? Its obvious for anyone with a brain that kwuduck is a butthurt troll. I believe he sold a big stash at 1$/btc or something. He has 0 credibility on this forum.