I have NEVER seen Bitcoin in such a sorry state as this

[emma.lee1890]

   
Several transactions of mine have gone with 0 confirmations in the past several days.  And some of those I was paying 1.5X or 2X the recommended fees.  Nothing.  Nada.  Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network.  I was defending Bitcoin against millions of tards back in 2011 and 2012.  Are they going to have the last laugh on me now?  It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work".  Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system??  Really??  You can't do your job properly so you want people to run a tab in BTC??  You saw this coming from 10 miles away and did nothing about it.  Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations".  And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"

[reshat]

The Bitcoin phenomenon is one of the most intriguing things to have happened in cyberspace since the invention of the peer-to-peer networking that undermined the music business and enabled developments such as Wikileaks.

[svetlanacoin]

Cryptocurrencies are presented to us as a tool of freedom and independence! however, if you imagine that in the future there will be no cash, and the government(at best) will control this process, you can be robbed or removed from this system completely hassle-free, this is a hacker attack or problems on the exchange!

[reshat]

 You can simply choose to walk away from the person who won’t accept Bitcoin payment, but that is hard to do when the person is your landlord. The easiest way is to call it "the local currency of the Internet," "the Internet applied to money," or "stateless virtual money."

[svetlanacoin]

The issue of currency is the prerogative of the state, but cryptocurrencies are not controlled by state structures. This is their problem, the state does not control their release, circulation, taxation! Therefore, the development of cryptocurrencies is artificially hampered.

[Alcor]

Yes, Bitcoin has already dropped in its capitalization level to 96 billion dollars, although two days ago it had a capitalization of 112 billion dollars and also lost over a thousand dollars in price. I agree that Bitcoin is now in a very poor technical condition with its seven transactions per second.

[svetlanacoin]

Blockchain technology is effective only if the Internet is stable. Imagine for a second that all the Internet servers broke, what then? Cryptocurrency is good as a duplicate of cash. The main thing is to form an independent exchange rate against world currencies.

[Falcon]

That is your strategy of your bitcoin.
To be honest with you I would like to hold bitcoin if I were you. Maybe I will shift the 2 bitcoin into different potential altcoins that will survive the market instability. Bitcoin will bounce back again in the proper time.