Quote:
Originally Posted by Nooseknot
You are speaking in a thread in which I posted an AMAZING growth chart of an "impossible" technology which is in a community that bitcoin has served in a very special way to PROVIDE the ability to skirt unjust and immoral anti poker laws in order that they may play the game that they are passionate about...
How much of your bull**** do you think this community will put up with in regard to suggesting bitcoin is not valuable and not useful?
What do you think that growth chart represents? Bitcoin has been around for 8 years - that is a mature product. It is ostensibly a currency, but nobody accepts it despite at least 5 years of begging from people like you. There's a reason they don't accept it - it doesn't do anything better, easier, or faster than the payment processors they already work with. There are a lot of bitcoin enthusiasts like yourself. It's a market that any company would love to attract, but the costs of accepting bitcoin are way more than the revenue you and your friends would bring. After 8 years. Think about that.
This is where people usually bring up "yeah bitcoin has problems, but we can solve them with crypto X or Y!" Decentralization necessarily limits scaling because of the network effect and there are no practical uses of the blockchain. Again, it's been around long enough that we aren't just waiting on the next big thing to come out (cryptokitties). It's been out, there are no uses.
Bitcoin is not useful. It's value is driven by people who don't understand it's complete uselessness. You guys can have fun speculating on it, that doesn't bother me but that speculation doesn't imply usefulness.
edit: I will concede a use in the black market, I guess.