Holy fuck

TechHater
TechHater

Holy fuck. Bitcoin is the future guois.
be me
have $5 in bitfinex
want to buy $5 game on steam
can't send directly from exchange because bitfinex takes too long to process transactions
send to a private wallet
wait 20 minutes to find transaction on blockchain
still waiting 2+ hours for transaction to confirm
once confirmed, I'll have to do another transaction, which will take more time
Why is bitcoin still a thing? Why is it not worthless yet?

All urls found in this thread:
https://www.youtube.com/watch?v=lskpNmUl8yQ
haveahappyday
haveahappyday

@TechHater
I've had the same thoughts. How is a currency with a one hour confirmation time going to be at all useful for point of sale purchase? You go to the store, ring your stuff up, and then hang around for an hour waiting for the confirmation? Isn't it just going to get worse as the blockchain gets bigger?

Bidwell
Bidwell

@haveahappyday
that's what I heard. Btw I just got 1 confirmation. Fucking Finally.

lostmypassword
lostmypassword

@TechHater

yes this is one of bitcoins dark secrets. its destined to be replaced in the future. Satoshi himself saw this.

Poker_Star
Poker_Star

@lostmypassword
so why are all these faggots on this board talking about having more than 21 btc and shit. I cannot see a future with this currency. Although, I will say bitpay was pretty much instant, so that was cool.

Methnerd
Methnerd

@Deadlyinx
holy shit. Whats this

Sharpcharm
Sharpcharm

@TechHater
Okay someone fill me in. I was pretty young when bitcoin came out and haven't followed it at all, whats it all about?

Emberfire
Emberfire

@Methnerd
part of someones elaborate pump and dump with their fake ass digital "currency"

VisualMaster
VisualMaster

@Methnerd

Oh it's nothing really.

Only millions of dollars being xfter in the bitcoin network is all. Nothing to big ya know. Only the GDP of many countries is all.

Stupidasole
Stupidasole

@VisualMaster
so is that you're argument or are you going to give me a good explanation on why it took $2 hours to buy a steam game?

Fried_Sushi
Fried_Sushi

Monero will eventually triump over btc due to much more security. And that's what cryptocurrency is all about.

idontknow
idontknow

@Stupidasole

You my friend are a special kind of special.

TreeEater
TreeEater

@idontknow
people spend millions on stocks. That doesn't make stocks a currency

Emberfire
Emberfire

@TechHater
because you can buy drugs with them,as long as there is drugs on deepnet there will be need for criptocurency.

ZeroReborn
ZeroReborn

@TreeEater

being this kind of retarded

Fuzzy_Logic
Fuzzy_Logic

@ZeroReborn
explain why? Salty because I'm the only one providing good points? Bitcoin is worthless from a consumer and business perspective. It's only valuable to investors atm. But seing as this thing has no intrinsic value, it is worthless.

Sir_Gallonhead
Sir_Gallonhead

@Fuzzy_Logic

Not worth the time.

viagrandad
viagrandad

@Fuzzy_Logic

You're worth the pic at least.

SomethingNew
SomethingNew

@Sir_Gallonhead
@viagrandad
not worth my time
spends time on a Japanese anime board
Please killyourself. You can't even refute a single point because you're such an autistic neet retard.

askme
askme

@viagrandad
I'm not even talking about all crypto currencies. Ethereum takes 10 minutes max to send through the blockchain. Bitcoin took me two hours. Yet you're such a fucking retarded nigger, that you'll throw some stupid fucking picture of millions of dollars sent through the btc blockchain as a way to validate your position. Unbelievable.

cum2soon
cum2soon

@TechHater
Yea its pretty fucking retarded. I went through the same thing when I tried to buy bitcoin to gamble on bovada casino online. It was a nightmare trying to get just $50 of quick btc. I went through like 10 websites and 9 of them wanted my ID, my ssn, my address, my bank statements, my fingerprints, a quality picture of my asshole, and my pube clippings. The verification process is outrageous and then if you ever do get verified it doesnt matter because the blockchain takes forever to confirm. It would have took like 6 hours by the time I got verified, they sent me the btc, it confirmed on the blockchain, sending the btc to the casino and then wait for another confirmation for the casino to get it on their end. The only other option was paypal or cc on localbitcoins and they wanted $1000 per coin lmfao. What a stupid ass currency.

Never again.

CodeBuns
CodeBuns

@Methnerd
The proceeds of crime being shuffled around to obscure the source.

StrangeWizard
StrangeWizard

@askme
Maybe you had to add a biggest fee ?

Stupidasole
Stupidasole

The problem is this OP: with your small mind you can only imagine use cases relating to your small, miserable life.

w8t4u
w8t4u

@haveahappyday
Bitcoin is really popular for laundering money. Most of you should already know that.

Raving_Cute
Raving_Cute

@w8t4u
So if it takes 2+ hours to get 1 confirmation, my guess is that its more of an asset than a currency.

Garbage Can Lid
Garbage Can Lid

@Stupidasole
Implying you're someone more important than me who has various practical uses for bitcoin.
doesn't list any examples.

BinaryMan
BinaryMan

@Garbage Can Lid

implying anyone cares to give you reasons
implying you're of importance to argue with

If anyone actually told you, you'd still argue. It's just not worth it.

Dreamworx
Dreamworx

@Sharpcharm
Digital cash that takes minutes to change hands

BlogWobbles
BlogWobbles

@cum2soon
This is the only problem I have with btc, the sheer amount of personal information these fucking sites require is unbelievable. If I didnt have bitcoin atm which doesnt require jack shit except cash Id never get into bitcoin

BunnyJinx
BunnyJinx

US bank system
all fucked up
takes several days to move money
may even cost you
may even not work depending on what bank you and your destination use

EU bank system
money moves take one day
they are free

Bitcoin
money moves in 30min to a couple hours
free or nearly free
works across the globe
some still can't see how it's an improvement

Deadlyinx
Deadlyinx

I've been waiting an hour and a half for a transaction to process

Is my money kill?

Methnerd
Methnerd

@BunnyJinx
Download Venmo
Move all the USD I want no problem
totally free

fuck off

Fuzzy_Logic
Fuzzy_Logic

@Methnerd

3% fee

Spazyfool
Spazyfool

@TechHater
This is why proof of stake coins are the future.

Stark_Naked
Stark_Naked

@Fuzzy_Logic
Link a bank account instead of a card like only an absolute moron would

MPmaster
MPmaster

@Fuzzy_Logic
There is no fee dummy

source: i use it all the fucking time

PackManBrainlure
PackManBrainlure

Scaling solutions to improve transaction times are being worked on and most people involved in Bitcoin are well aware of these issues so all I can say is be patient and wait for improvements.

Like another user said if you wanted to transfer money overseas your looking at days for it to clear and when you make a purchase with a credit card although it appears to happen in 1 second the transaction isn't actually confirmed for maybe 12 hours ,Bitcoin won't make the transaction until it's 100% verified because of its nature as a p2p payment system with no middleman,the whole system is genius when you understand the basics of how it works.

Tl;dr op is a fag

New_Cliche
New_Cliche

Bump

takes2long
takes2long

@Stark_Naked

limited to US
have to link bank account
being this shilly

Methnerd
Methnerd

@Dreamworx
takes two hours

PackManBrainlure
PackManBrainlure

@Spazyfool
Elaborate. Difference between proof of work and proof of stake coins?

Skullbone
Skullbone

@PackManBrainlure
Or you could use ethereum and wait 10 minutes. Not trying to shill any other coins, but don't you think it's rather ridiculous waiting 2 hours to send money.

ZeroReborn
ZeroReborn

@Skullbone
Or you could use digibyte and wait 10 seconds. Not trying to shill any other coins, but don't you think it's rather ridiculous waiting 10 minutes to send money.

AwesomeTucker
AwesomeTucker

@TechHater
Nigger 'two hours' for $5 is not fucking normal, that shit should take like 10 minutes at the most.

Stupidasole
Stupidasole

I have bought games on steam with bitcoin and it never took 2 hours for confirmation

more like 5-10 minutes

coinbase wallet

whereismyname
whereismyname

@Stupidasole
whoops disregard the name field

askme
askme

@TechHater
you do realise bitcoin is still in version 0.12, right? It's still an experimental technology. How long did it take for the internet to start-up without making those annoying sounds for a couple of minutes? Bitcoin still has issues, but once they are solved it will be literally unstoppable

hairygrape
hairygrape

@w8t4u
Basically THIS.

@CodeBuns
Indeed. The only ones who ever brag about their Bitcoin holdings are scammers and criminals

Emberburn
Emberburn

@Skullbone
Ethereum hasn't got anywhere near the volume of Bitcoin though so confirmation times will be quicker,and you can't pay for that steam game with ethereum anyway,i wish we had instant confirmation times but we just have to wait for improvements which are apparently already in the works, in the meantime I don't think the Bitcoin user base and infrastructure is going to start From scratch and move to another coin ,not unless things really deteriorate.

BinaryMan
BinaryMan

Cryptocurrencies / Bitcoin right now are like the Internet during the early 90s, it's a terrible user experience, no one sees its potential. That's also why it's still such a great value proposition. Transaction times will get solved by Lightning or something similar. Bitcoin addresses will have aliases, maybe users won't even touch Bitcoins directly. Bottom line, at this point you're still better off using Bitcoin as diversification for your portfolio.

Raving_Cute
Raving_Cute

@BinaryMan
This. This is exactly what Jack Ma said - 23 out of 24 of his friends in China said that internet sales are bullshit. Only one guy edged him to try it anyway. Wisdom of the crowd is bullshit, because crowds are usually stupid.

Lunatick
Lunatick

@TechHater

Holy shit, steam is taking Bitcoin now? Never thought I'd see that happen

Soft_member
Soft_member

@Poker_Star

The philosophy behind having 21 BTC is the same as it was when BTC price was lower than it was today, first there was the 21000BTC club, then there was the 2100BTC club etc. it's about owning a percentage of all Bitcoin there will ever be (21 million max.) so, if you have 21 BTC that means there is less BTC left to own for the other 7 billion earth people. In theory, if enough people keep holding on to their BTC holdings prices should rise. Ofcourse this is flawed because there is always people deciding to sell their BTC.

farquit
farquit

@BinaryMan
Pretty much this. Some coins will be shit but others have unlimited potential if the government doesn't ban cryptos

Carnalpleasure
Carnalpleasure

@BinaryMan
nobody saw potential in the internet
Loooool. It's time for you to get off now, Jimmy.

Burnblaze
Burnblaze

Why is bitcoin still a thing? Why is it not worthless yet?

If you have to ask this, you will not make it and deserve to stay poor and stupid.

Evilember
Evilember

@haveahappyday
lightning network will allow for massive transaction volume, fast and cheap

Bitcoin has already won, its a matter of waiting and getting rich by holding the most important asset of all times. It's like you could be able to hold shares on actual TCP/IP protocol. It blows my mind how obvious this is.

SniperWish
SniperWish

@askme
Ethereum has shit thier transaction volume compared to Bitcoin.
Also pay the recommended fee.

RavySnake
RavySnake

@BlogWobbles
This is not bitcoin's problem, it's the fiat gateway.

BlogWobbles
BlogWobbles

@Skullbone
@ZeroReborn
comparing BTC to shit tier altcoins with no volume
kill yourself

CouchChiller
CouchChiller

@Carnalpleasure
https://www.youtube.com/watch?v=lskpNmUl8yQ

We are still in the 80's, not even on that graphic yet, we'll be at 6 figures a coin in 10 years, your brain cannot fathom it since it thinks linear.

VisualMaster
VisualMaster

@Evilember
if I keep comparing my memecoin to the internet, maybe people might start to believe me !

They are absolutely nothing alike, save the fact that bitcoin is a protocol too. Sending encrypted digital money instantly over the internet is nothing new. Banks have been doing this for a while now. The only difference is that bitcoin is supposed to be anonymous (lmfao) and outside of the governments jurisdiction (rofl).

eGremlin
eGremlin

@CouchChiller
hey these 2 graphs look alike!
bitcoin is just like the internet
Hahahahaha

JunkTop
JunkTop

Buy ethereum

CodeBuns
CodeBuns

@Emberfire
this and other contraband.

Stark_Naked
Stark_Naked

@haveahappyday
I believe that if the masses started really wanting something like bitcoin, they would make "bitcoin banks" or whatever, which means that the "bank" stores your bitcoin, and when you purchase, you swipe your bitcoin bank card, and the bank makes sure your bitcoin ends up in the other person's wallet.

Similar to how fiat banks work, the difference being that it's impossible to create more than 21,000,000 bitcoin. Which is good, because guess (((who))) gets all the newly printed fiat bills today.

JunkTop
JunkTop

@eGremlin
cope

hairygrape
hairygrape

@TechHater
OP did you even include a fee in the transaction

5mileys
5mileys

Bitcoin is tired and old. Bitcoin had it's time in the sun, but that time is over. The top firms at wallstreet like JP Morgan are focusing on Ethereum now. Ether is on the bleeding edge of cypto currency technology, nothing even comes close. ETH can achieve the same level of confirmation security in 3 minutes what it takes bitcoin an hour. Ether's currency model seems the most promising and has biggest potential for long term growth than any coin on the market today.

happy_sad
happy_sad

@5mileys
ETH can achieve the same level of confirmation security in 3 minutes

That's because there's no volume you goober

Sharpcharm
Sharpcharm

@5mileys
Bitcoin is tired and old. Bitcoin had it's time in the sun, but that time is over. The top firms at wallstreet like JP Morgan are focusing on Ethereum now. Ether is on the bleeding edge of cypto currency technology, nothing even comes close. ETH can achieve the same level of confirmation security in 3 minutes what it takes bitcoin an hour. Ether's currency model seems the most promising and has biggest potential for long term growth than any coin on the market today.

Question my little faggot boy? Whats the cap on ETH/ETH?? heuheuehueheeuh

Evilember
Evilember

@Sharpcharm
1 Billion.

eGremlin
eGremlin

@Evilember
no. there is no cap.

happy_sad
happy_sad

@eGremlin
I thought you meant capitalization.

The block reward is constant forever to come, so inflation will always be controlled if that's what you're worried about.

Poker_Star
Poker_Star

Why is bitcoin still a thing? Why is it not worthless yet?

because the world is full of retards that haven't bought ethereum yet

BlogWobbles
BlogWobbles

@5mileys
ETH can achieve the same level of confirmation security in 3 minutes

This is patently untrue.

StrangeWizard
StrangeWizard

@w8t4u
Well.. actually its quite shit-tier option to launder your money using bitcoin. All transactions are fucking transparent. One slip and you fucked.

Spamalot
Spamalot

@5mileys
@Poker_Star

Bitcoin and Ether serve different purposes, they don't compete. You should own both as a speculator.

Inmate
Inmate

@Spamalot
Why would you hold any bitcoin if ethereum has more potential? I dump my money into winners, not spread it around out of pity for losers.

Crazy_Nice
Crazy_Nice

@Poker_Star
They are lonely and need others to suffer with them.

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