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Interesting /r/btc post on Bitcoin Investement - by ydtm

Tue Dec 15, 2015 1:18 am

https://www.reddit.com/r/btc/comments/3 ... that_core/

"Can someone please give me a good reason to invest in bitcoin? I'm talking fundamentals here.
I understand the excitement of a bull market, I really do, but when I look at /r/bitcoin my enthusiasm quickly dwindles.
It seems that my original convictions about its future have become a kind of joke - derided on theymos forums/subs. People are now applauding fee increases and the impossibility of "freeloading", see here."

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Re: Interesting /r/btc post on Bitcoin Investement - by ydtm

Tue Dec 15, 2015 2:20 am

This is a very popular conversation recently. I would keep an eye on this article written three days ago, ( I am ) it is part of a three part series that is being put together on this very subject.

http://www.forbes.com/sites/laurashin/2 ... mber-2015/
Learn About Bitcoins and How To get Free Bitcoins. We are trying to share information. :D

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Re: Interesting /r/btc post on Bitcoin Investement - by ydtm

Tue Dec 15, 2015 9:39 am

https://www.reddit.com/r/btc/comments/3 ... that_core/

"Can someone please give me a good reason to invest in bitcoin? I'm talking fundamentals here.
I understand the excitement of a bull market, I really do, but when I look at /r/bitcoin my enthusiasm quickly dwindles.
It seems that my original convictions about its future have become a kind of joke - derided on theymos forums/subs. People are now applauding fee increases and the impossibility of "freeloading", see here."
iam more optimistic especially after the scaling hong kong meetup. bitcoin can and will scale, no doubt about that. just watch some of these videos. there are more ideas to scale bitcoin than there is time ;)

what are your original convictions about bitcoins future?
********************************************
More informations about Bitcoin and scaling BTC on

bitcoin.org/en/

https://bitcoincore.org/en/2015/12/23/c ... reases-faq

&
reddit.com/r/Bitcoin/

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Re: Interesting /r/btc post on Bitcoin Investement - by ydtm

Tue Dec 15, 2015 3:32 pm

Original Conviction =>

Back in April/May when I read original white-paper, did more research and price was 200+, I figured increasing blocksize limit asap was no brainer. So I invested.

Looks like I was wrong and too optimistic. I'm not interested in predicting/debating on what will happen when sustained TPS is over 10 or 20.

I have been in IT long enough to know that poor/late scaling solution can get one fired, not to mention PR nightmare for company.

In any case I have already sold 80% and will keep selling till I'm down to 5%. Will keep rest for entertainment value. If by some miracle exchanges/miners increase blocksize and Bitcoin survives, 5% will be more then enough for happy ending.

Significant sale profits aside I'm very unhappy and pessimistic about Bitcoin future.

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Re: Interesting /r/btc post on Bitcoin Investement - by ydtm

Tue Dec 15, 2015 10:48 pm

https://www.reddit.com/r/btc/comments/3 ... that_core/

"Can someone please give me a good reason to invest in bitcoin? I'm talking fundamentals here.
I understand the excitement of a bull market, I really do, but when I look at /r/bitcoin my enthusiasm quickly dwindles.
It seems that my original convictions about its future have become a kind of joke - derided on theymos forums/subs. People are now applauding fee increases and the impossibility of "freeloading", see here."
"In Numbers I Trust"
Image

If you are running a version of Bitcoin Core, stop using it. Upgrade to Bitcoin Unlimited or Classic immediately.

Fix Your Unconfirmed Transaction.

Vote for the future of our Bitcoin network!

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Re: Interesting /r/btc post on Bitcoin Investement - by ydtm

Thu Dec 17, 2015 4:48 pm

Original Conviction =>

Back in April/May when I read original white-paper, did more research and price was 200+, I figured increasing blocksize limit asap was no brainer. So I invested.

Looks like I was wrong and too optimistic. I'm not interested in predicting/debating on what will happen when sustained TPS is over 10 or 20.

I have been in IT long enough to know that poor/late scaling solution can get one fired, not to mention PR nightmare for company.

In any case I have already sold 80% and will keep selling till I'm down to 5%. Will keep rest for entertainment value. If by some miracle exchanges/miners increase blocksize and Bitcoin survives, 5% will be more then enough for happy ending.

Significant sale profits aside I'm very unhappy and pessimistic about Bitcoin future.
alot of smart people said that the Internet could not scale. and here we are now.

did you read some stuff about Sidechains and LN etc? even if we stay at 1MB blocks (which i doubt) Bitcoin has tremendous value and opportunities.

"Disruptive technologies are called category killers. Bitcoin is a serial killer. It will disrupt dozens of major industries. It is also true that it won't do it all at the same time. It will roll through businesses serially."

;)
********************************************
More informations about Bitcoin and scaling BTC on

bitcoin.org/en/

https://bitcoincore.org/en/2015/12/23/c ... reases-faq

&
reddit.com/r/Bitcoin/

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