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Bitcoin => Bitcoin Discussion => Topic started by: krishnapramod on September 19, 2017, 12:31:04 PM



Title: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: krishnapramod on September 19, 2017, 12:31:04 PM
The ideology behind Bitcoin

Quote
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. - Satoshi Nakamoto

Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks - Genesis Block

So the fundamental ideology is a decentralized trustless system to create an economy not dependant on governments/banks, empower repressed economies, disrupt or weaken the centralized monetary system, and economic freedom.

Something like what John Holloway said, "Changing the world without taking power."

I think majority of the early adopters were motivated by this philosophy, price wasn't a criteria.

The technology behind Bitcoin

There is no denying the fact that Bitcoin/Blockchain technology is revolutionary. It is here to stay. We will be seeing more use cases of it in future. The first distributed blockchain was conceptualised by Satoshi Nakamoto and was implemented as a core component in Bitcoin and thus making Bitcoin a technological tour de force.

Technology is one of the major reasons for Bitcoin adoption.

Monetary

The monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme.

So why did you adopt Bitcoin? There might be a reason or a couple of reasons or all the three.

Edit: Added all of the above.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Tszunami98 on September 19, 2017, 12:52:11 PM
I adopted btc because of the money revenue potential it has. I dont have any special tallents or skills so btc is the only way i can provide for me and my family. Tehnology wise it is clear that decentralization is the future and i want to get a front ticket in this journey. I hope we could make it togheter and wont let anyone stop this wave of pure intelligence and wealth for everyone.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Wind_FURY on September 19, 2017, 01:29:13 PM
My reasons for investing in Bitcoin are monetary, and I believe the "adopters" who came in after 2013 - 2014 are chiefly attracted to it for the same reason.

There is no need to lie. You are all here because you also believe in the large monetary rewards that we could possibly get by investing in Bitcoin. Admit it.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Don Pedro Dinero on September 19, 2017, 01:38:33 PM
In the beginning, I was attracted to bitcoin because of the possible high returns but the more I know about it the more I like the ideology behind it.

Yes, @Wind_FURY, my reasons were primarily monetary but I prefer investing in something that gives me high returns and has ethical roots that I like than investing in something that gives me high returns and it is against my moral principles.

Not only that, I also like bitcoin because of the blockchain technology, which can have many uses apart from the monetary one.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: 13abyknight on September 19, 2017, 01:53:18 PM
For me, it is both the ideology and technology, the monetary part comes as an added bonus on top of these two, but if I had to choose between the two, it would be the foundation ideology.

The sheer idea behind a decentralized platform wherein there would be no central governing body which could control things might have sounded ridiculous at first, but putting everything together and creating a flawless system as it is today is a stroke of class which is irreplaceable in the history of this sort of an idea coming through successfully. 


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Emoclaw on September 19, 2017, 02:02:59 PM
Purely monetary at first, I am now highly interested in its advantages (such as trustlessness and decentralization) and I no longer trust private banking institutions.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: jseverson on September 19, 2017, 02:19:42 PM
Monetary.

I realize that I may be in the minority here who has no problems with the central bank and centralization in general. It's all messed up in theory, but it has worked for me, and for countless other people. There are checks and balances in place so you can always trust banks to some extent. This isn't to say I'm against decentralization, though. It's better in theory, but it also has clear weaknesses, as evidenced by rather frequent Bitcoin value dips.

The technology behind Bitcoins is certainly a plus, but is not my main driving force. Besides, if you're in this purely for technology, then some altcoins should be more appealing to you.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: erep on September 19, 2017, 02:33:00 PM
The perspective towards Bitcoin differs but most of the population are here for all the three things. I am here because of the technology which Cryptocurrencies provide. Fast and easy transaction across the globe with a good advantage of anonymity. Easy to buy things and allot better than fiat.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: moamin77 on September 19, 2017, 02:40:25 PM
For me, it was mainly: 'Technology'

I can't stop myself from thinking about many areas where the underlying technology (blockchain) is the ideal way to go



Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: goldade on September 19, 2017, 02:55:44 PM
If I am to choose, it will be the technology because having a look at the technology that supports bitcoin, it does not cease to amaze me on how something we don't see or touch, could be so valuable, something that I can send from one end of the world, then it lands on the other side with minutes, the fact that no one knows who you are and you are still able to carry out several transactions and to top it all, the master chief in charge of this amazing technology, is no where to be found.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: VitKoyn on September 19, 2017, 03:31:46 PM
For me Ideology, Technology and Monetry are the reason why I adopted Bitcoin. At the very first I'm amazed how blockchain technology can do and the idea of using it worldwide with very fast and anonymous transaction without any help of 3rd party services. And lastly I found out that it has a high potential to get bigger when lots of people consider adopting it and investing on bitcoin can be profitable just by holding it.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: blockcha1n on September 19, 2017, 03:45:43 PM
For me it was ideology and curiosity...aka not understanding it but liking how it sounds which was good enough at that time. I'm glad I adopted it when I did but I'm sad I didn't believe in it stronger to not sell some along the way.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: emuLOAD on September 19, 2017, 03:46:18 PM
It was essentially worthless when I started looking at it. Mining was orders of magnitude more expensive than rewarding. As an engineer and computer scientist, I found the technology fascinating. I'm passionate about economics, too, and it proposed some interesting ideas and questions regarding the established economic landscape.

So I gave it a shot. Not a big enough shot, I regret that to this day, but I also did not have any way of doing better at the time. Today, it's much of the same, but with a little more attention to the financial potential, making sure I reward myself every once in a while.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: FrankNoland on September 19, 2017, 04:06:38 PM
The ideology behind Bitcoin

Quote
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. - Satoshi Nakamoto

Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks - Genesis Block

So the fundamental ideology is a decentralized trustless system to create an economy not dependant on governments/banks, empower repressed economies, disrupt or weaken the centralized monetary system, and economic freedom.

Something like what John Holloway said, "Changing the world without taking power."

I think majority of the early adopters were motivated by this philosophy, price wasn't a criteria.

The technology behind Bitcoin

There is no denying the fact that Bitcoin/Blockchain technology is revolutionary. It is here to stay. We will be seeing more use cases of it in future. The first distributed blockchain was conceptualised by Satoshi Nakamoto and was implemented as a core component in Bitcoin and thus making Bitcoin a technological tour de force.

Technology is one of the major reasons for Bitcoin adoption.

Monetary

The monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme.

So why did you adopt Bitcoin? There might be a reason or a couple of reasons.
I have adopted for its monetary, bitcoin made a lot of people rich and its having the potential everyone rich everywhere in the world. I don't think that one would go with the idea or the technology as the first priorities and


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: anon4250158 on September 19, 2017, 04:10:59 PM
I first got into it years ago for the technology- it was very interesting and revolutionary.  Of course over those years the price has grown exponentially, so I'm also now interested in the monetary aspect of it :)  I've never really been involved in the "screw banks" ideology part of it though.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: FrankNoland on September 19, 2017, 04:14:40 PM
The ideology behind Bitcoin

Quote
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. - Satoshi Nakamoto

Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks - Genesis Block

So the fundamental ideology is a decentralized trustless system to create an economy not dependant on governments/banks, empower repressed economies, disrupt or weaken the centralized monetary system, and economic freedom.

Something like what John Holloway said, "Changing the world without taking power."

I think majority of the early adopters were motivated by this philosophy, price wasn't a criteria.

The technology behind Bitcoin

There is no denying the fact that Bitcoin/Blockchain technology is revolutionary. It is here to stay. We will be seeing more use cases of it in future. The first distributed blockchain was conceptualised by Satoshi Nakamoto and was implemented as a core component in Bitcoin and thus making Bitcoin a technological tour de force.

Technology is one of the major reasons for Bitcoin adoption.

Monetary

The monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme.

So why did you adopt Bitcoin? There might be a reason or a couple of reasons.
I have adopted bitcoin because of its monetary value, bitcoin has made a lot of people rich and its having the potential make everyone rich everywhere in the world. I don't think that one would go with the idea or the technology as their first priorities and exclude the monetary value out of it. In my opinion, I don't think the idea nor the technology would have worked without the monetary value attached. What I mean in simple terms is that, would you still follow bitcoin if the monetary wasn't attached to it, would love idea and the technology of bitcoin in the absence of the monetary value? How was it going to benefit you if you just like the idea of bitcoin and there is nothing valuable attached to it.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: niisarearning on September 19, 2017, 04:18:49 PM
I adopt three of them in reverse order first i started to do with bitcoin because of monetory of earning and profit i can get from bitcoin then after i stated  exploring about technology started explore about block chain technology , Decentrelised database peer to peer  Network Finally Ideology low transaction time and cost.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: llyfee4u on September 19, 2017, 04:18:55 PM
I would say all of the above really.  Ideology, technology and monetary  factors all play a fundamental role in why i am involved in the crypto world.  I think Blockchain tech is quite fascinating in the way that it works, the apparent decentralized nature and the sort of anonymity it offers adopters is really interesting i think.   Also, as someone who has been following cryto's for a few years, its been really eye opening to see the growth in rate of Bitcoin and how it has actually changed some people's life for the better.  When i speak to relatively 'new to bitcoin' folks, we tend to talk about the tech itself and how innovative it is, but ultimately everyone is sold on the idea when you begin to talk about the potential returns on investing.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Fancyax on September 19, 2017, 04:34:54 PM
I adopted this idea first because i'm enthusiast about new technologies. Then i enjoyed the profit i can make.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Cloud27 on September 19, 2017, 05:54:32 PM
I adopted bitcoin for these three reasons the ideology, technology and the monetary. The reason behind why the adoption of bitcoin for me is an easy decision is because of the advantages that it gives for remittance. The ideology is there for not having to use the bank services with higher fees. The technology makes you transact personally with ease. While for monetary, well back then the transaction fee is reasonable for us to send bitcoin to our family.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: googlebtc on September 19, 2017, 06:55:23 PM
the reason why I adopt bitcoin because bitcoin has a big impact in economic change and bitcoin is crypto currency and anyone can have or use bitcoin as their economic change so it will be better with their lives by using bitcoin as their livelihood in search of bitcoin, monetary


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: bitblackred on September 19, 2017, 07:01:39 PM
The world ruled by money. ::)


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: agustina2 on September 19, 2017, 10:11:51 PM
-The ideology behind Bitcoin

-The technology behind Bitcoin

-Monetary


All of this no doubt.

The first thing that impressed me is about the profit that bitcoin can give. Back in my newbie days, Im really struggling to find other ways to earn $ on the internet. I have found some but the payment is not that worth on how much time I give to the work. Then I encountered bitcoin.

While on the way to my progress here in bitcoin, I learned some other things which includes technical aspects. Bitcoin isn't just for profit purposes. Sending and receiving money is easy and convenient especially if it's on other country. Way faster and better than the traditional money remittances which will eat fees and waiting time. Thanks for our local exchanger as they are the one who made some services like that when someone uses bitcoin.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: ivrynx on September 19, 2017, 10:31:22 PM
Bitcoin's ideology is a great idea, this was already done before , back then when paper notes didn't even existed. All nations arr producing their old and silver coins, and it was not a bad idea, the currency back then was for everybody, the more coins you have, the more richer you are, and we should remember, that they are using physical gold and silver, two metals that are being valued even up to now, and bitcoin has almost the same concept, no taxes, no fees. The technology of bitcoin is also onr if the best thing that happened in the digital age, we all know that bitcoin was produced through blockchains, and so others are following thus thread as well, bitcoin's technology has given us all hope, since we are not all born in rich families, thanks to the formula of satoshi nakamoto, we now have something worth of value, that can compete with gold, and almost everyone can have access, it is also an advantage of bitcoin since you can mine, even just at your home, unlike gold before, if we can all recall the gold rush, wherein people from different parts of the world gathered just to mine for gold, but now we can do it at the comfort of our own homes. The monetary, at first being valued less than a dollar, it only showed that bitcoin is being considered as bith currench and an a asset, but as far as it goes, bitcoin is becoming more and more of an asset, which also gives us, more capital gains, and in the future we can exchange it to fiat if we wanted to. For me, there are a lot of reasons why i adopted to bitcoin, i can say, it is more of the ideology, since bitcoin was made with a purpose, and not just something you give out to anyone, with no value, like the fiat currency we have today.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: rasmadisulaiman on September 19, 2017, 10:55:17 PM
I adopted bitcoin because of the technology and the future of digital money is so seductive. I have worked in the company but my salary is less for every month, so I make a profit by seeking for bitcoin.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Slowhand26 on September 19, 2017, 11:37:35 PM
I may need to be honest, but first time I venture bitcoin, it was all about money aspect and I think most (not all) of us got interested with BTC or Crypto because of monetary side of it. I saw how BTC sky rocket from 2013 I first knew this. That year, I didn't believe about BTC, I thought it was a plain scam until last year, crypto made a big news especially btc where it went really high to the market. But as I check BTC, you can't deny that part of it is learning and adopting to changes that traditional currency is not the only source of money. It opened my eyes and now I am trying to learn more about the crypto world. Reading and learning about BTC is really fun.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: helars2008 on September 20, 2017, 12:24:48 AM
Among the three ideology is the one which really pulled me into joining the world of cryptocurrency
Bitcoins vision of being able to leave a centralized source of money is really attractive for me. If you would just analyze the current financial situation we are in right now you will surely see a scheme that puts ordinary citizens in a disadvantage.  And with the help of bitcoin and other altcoins this can be answered. By being able to control what you want to do with your own money is a form of empowerment that was denied for us for a very long time.  Monetary factors for me is just an additional benefit why i joined bitcoin,  earning while being able to do what you want is absolutely wonderful.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: chichigirl on September 20, 2017, 12:33:09 AM
First, I adopt bitcoin for monetary purposes ONLY, just to earn more and have some profit  but after some transactions i find it VERY CONVENIENT for other transactions like payment of monthly bills, buy some things that you need, deposit cash or fund transfer.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: AlienSeeker on September 20, 2017, 01:19:39 AM
At first I adopted bitcoin because of monetary, but now I am loving the way the transactions are doing. It is faster and easier unlike in fiat money. The technology was awesome, too.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Yuhee on September 20, 2017, 01:25:13 AM
Among the three ideology is the one which really pulled me into joining the world of cryptocurrency
Bitcoins vision of being able to leave a centralized source of money is really attractive for me. If you would just analyze the current financial situation we are in right now you will surely see a scheme that puts ordinary citizens in a disadvantage.  And with the help of bitcoin and other altcoins this can be answered. By being able to control what you want to do with your own money is a form of empowerment that was denied for us for a very long time.  Monetary factors for me is just an additional benefit why i joined bitcoin,  earning while being able to do what you want is absolutely wonderful.

And i think creating something with this kind of ideology would take years to build up and also years to complete and now it has been how many years that it is in effect. I cant imagine what the team had been through to accomplish this kind of technology. Because i know for a fact that one cant do this alone and i am guessing satoshi nakamoto is team name for whoever created bitcoin.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: tulio on September 20, 2017, 01:52:47 AM
I first get attracted by Bitcoin because of technology that is a very interesting point. Then, after learning how everything works, I felt more comfortable with the monetary aspect. Since the past year, I feel like I see the concept of decentralization in everything, everywhere. That's the ideology.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: faithupgrade on September 20, 2017, 02:00:57 AM
The reason why I am here is to have more bitcoin because of that i am more attracted with the monetary concept. I did adopt it for the sake of monetary purposes only.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Wind_FURY on September 20, 2017, 04:12:47 AM
In the beginning, I was attracted to bitcoin because of the possible high returns but the more I know about it the more I like the ideology behind it.

Yes, @Wind_FURY, my reasons were primarily monetary but I prefer investing in something that gives me high returns and has ethical roots that I like than investing in something that gives me high returns and it is against my moral principles.

Not only that, I also like bitcoin because of the blockchain technology, which can have many uses apart from the monetary one.


If you invest in Bitcoin because of "ethical roots" then you are in the wrong train. Bitcoin is a medium of transaction for buying and selling illegal drugs, as payment for access to pedophile sites, payment for prostitution and many others that include murder for hire and the like.

Were are all here for the chance to get high monetary rewards. There is nothing wrong with that, but not admitting to it is.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: pooya87 on September 20, 2017, 04:59:14 AM
your option lacks the most appropriate response in my opinion: All of the above.

it really doesn't have to be only one of these reasons. it can very well be all of them and more. people can have many different reasons, some start from one reason and continue to others. for example i liked the fact that i could earn money from bitcoin and how profitable it is but later on i did some research and found out about what it really means and that led me to investing in it not the monetary gain.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Shamie1002 on September 20, 2017, 06:55:23 AM
Honestly, at first it's monetary, I was interested because my friend say I could earn while I'm in school. It isam very enticing. I think most students are willing to do bitcoin because of the money it can give.
But while learning and understanding beyond the money and transactions, everything falls into an ideology and technology. I can see now how technology is built with strong fundamentals. I can picture a world build with just technology. And I am quite also worried how computers can run theirselves now. I just hope people still have a part in orocesses. I think some will loose their jobs when technology takes over.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Pursuer on September 20, 2017, 07:24:09 AM
to be honest it is all of them. maybe some reasons are more bold for me but they all exist.
I obviously enjoy the profit that I am getting from bitcoin with its ever rising price. specially since I have been around for a couple of years and I have old coins from the old days. like this bad boy:

https://bitcointalk.org/index.php?topic=1906873.0
https://i.imgur.com/FR7wJKn.jpg

but I have come to like all the rest of bitcoin too. the ideology and the technology behind it. I find bitcoin a big revolution in economics and financial system both as bitcoin being a decentralized currency and also as a technology that changed a lot in the past few years.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: JaredStein on September 21, 2017, 03:30:50 AM
I adopted Bitcoin because of the ideology. The thought of the people having a say in how the future economy functions is heart warming really.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: bitgolden on September 25, 2017, 07:53:37 AM
Purely monetary at first, I am now highly interested in its advantages (such as trustlessness and decentralization) and I no longer trust private banking institutions.
Well I adopted bitcoins due to Ideology and Monetary features. Bitcoins ideology is the concept of a decentralized economic system for the world because world is running a centralized economic system each country has its own system and own preferences. It is the future of the paper money, a global currency for the world.

I guess many people adopt bitcoins without proper reasons and over time they start realizing the real worth of it like me.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Kyraishi on September 25, 2017, 09:35:17 AM
I'm mainly here because of the economics behind bitcoin. I'm not a tech guy at all. But i'm interested in using something that can help decentralize the financial markets and get power away from these small elite that are feeding off the rest of the population just performing things that bitcoin can do without a central entity.

The fact that bitcoin has a limited amount, just like gold and silver, is also very attractive to me.

All in all, i believe that bitcoin is going to be HUGE in the years to come.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: jsscswan on September 25, 2017, 09:41:29 AM
I adopted bitcoin because of its excellent technology. Privacy, decentralized, and not easily traced and easy to transact between countries make me fall in love with bitcoin. One more, I adopted bitcoin also because of its high selling value.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Isaac 777 on September 25, 2017, 09:47:04 AM
my reason is The technology behind Bitcoin because no one hack it till now


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: muncuss on September 25, 2017, 09:57:34 AM
Ideology is just a motivation, and the price is only bonus. What makes bitcoin more expensive because more people use it. It's because easiness of doing transaction with bitcoin. It's because the tech. I use bitcoin because i'm impressed with the tech it has, and it's first time i know about fintech


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: DoublerHunter on September 25, 2017, 01:04:28 PM
I will focus more on the technology of bitcoin because that is the key for our world to change because if we are going to focus on the technology of bitcoin and implement it on the system of our world then it will help our world to change for better and get best results specially in financial system and bitcoin will not disappoint us because it will surely a great help for the world.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Lancusters on September 25, 2017, 01:13:03 PM
It's hard for me to make a choice. What you make a choice between the right and left hand? I need both hands. The more we can use the advantages of bitcoin the more we will understand his importance to us. Everyone can find benefit for themselves in using bitcoins.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: potatocorner on September 25, 2017, 01:17:59 PM
I adopt bitcoin because of the three given reasons. At first, it is only because of monetary, the time I am introduced to bitcoins, I am in really need of money and it really helped me. As my experience in bitcoin is growing, I have realized that the technology of this bitcoin is great as it serves as an online currency worldwide (hopefully), and if this bitcoin would be the worldwide currency then it is a big step for the economy of different countries.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: onrise on September 25, 2017, 01:25:12 PM
I got inspired by the technology on which it is based and this fascinated me and got me in for this currency. Initially it was not that much lucrative but once I started undertaking and its power then it got me into it and I realized the importance of virtual currency and the money making opportunity as well.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Shreek on September 25, 2017, 01:34:18 PM
initially i was not interested in bitcoin ,, and did not know about bitcoin ,, after i know and learn bitcoin, i start to think that bitcoin is one of the transaction model that its currency value is much bigger in compare with other currency value ,,
so I think that if the economy is later in a monetary crisis, then this bitcoin will continue to survive with the note bitcoin and its ICO is able to give an opportunity to divide its bounty ,,, so that will be many people who are interested in bitcoin ,,


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: richkellj on September 27, 2017, 05:43:09 AM
My reasons for investing in Bitcoin are monetary, and I believe the "adopters" who came in after 2013 - 2014 are chiefly attracted to it for the same reason.

There is no need to lie. You are all here because you also believe in the large monetary rewards that we could possibly get by investing in Bitcoin. Admit it.
Reality it is I must say. We don’t have to hide ourselves of the factor that we all are here just to earn money. You are so true we don’t need to say it hesitantly rather it is truth. We didn’t know about bitcoins, we got to know the monetary aspects of it, so we got attracted.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: GideonGono on September 27, 2017, 05:52:49 AM
I agree. What really drives me into Bitcoin is the freedom over your finances (your bitcoins). Like they say, the only one that you can truly trust is yourself and by Bitcoin we do not need anyone who holds our bitcoins like bank since we can be a bank of ourself as long as you control and store you keys safely then that's it.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: rivoke on September 27, 2017, 06:07:47 AM
Bitcoin are unique technology that ever been made so people using bitcoin to make their transaction easier and cheaper than fiat
Unfortunately, our government still forbid bitcoin usage because it can be use for criminal activity but for me personally, bitcoin is a future of transaction


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: pushups44 on September 27, 2017, 06:17:19 AM
I don't think investors should get too attached to any investment. In my view, bitcoin has a long way to go before the cryptocurrency bubble bursts, but that time will surely come. Bitcoin has value for the freedom it promotes and as a form of money.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Baser on September 27, 2017, 06:24:37 AM
My reasons for investing in Bitcoin are monetary, and I believe the "adopters" who came in after 2013 - 2014 are chiefly attracted to it for the same reason.

There is no need to lie. You are all here because you also believe in the large monetary rewards that we could possibly get by investing in Bitcoin. Admit it.
Reality it is I must say. We don’t have to hide ourselves of the factor that we all are here just to earn money. You are so true we don’t need to say it hesitantly rather it is truth. We didn’t know about bitcoins, we got to know the monetary aspects of it, so we got attracted.

I agree with you. For three reasons. It's not independent. But making money is much more important to me. I can not lie in this matter.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: centralbanksequalsbombs on October 07, 2017, 05:35:14 PM
Interesting discussion here.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: avilasmith on October 19, 2017, 07:26:38 AM
The ideology behind Bitcoin

Quote
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. - Satoshi Nakamoto

Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks - Genesis Block

So the fundamental ideology is a decentralized trustless system to create an economy not dependant on governments/banks, empower repressed economies, disrupt or weaken the centralized monetary system, and economic freedom.

Something like what John Holloway said, "Changing the world without taking power."

I think majority of the early adopters were motivated by this philosophy, price wasn't a criteria.

The technology behind Bitcoin

There is no denying the fact that Bitcoin/Blockchain technology is revolutionary. It is here to stay. We will be seeing more use cases of it in future. The first distributed blockchain was conceptualised by Satoshi Nakamoto and was implemented as a core component in Bitcoin and thus making Bitcoin a technological tour de force.

Technology is one of the major reasons for Bitcoin adoption.

Monetary

The monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme.

So why did you adopt Bitcoin? There might be a reason or a couple of reasons or all the three.

Edit: Added all of the above.
One of the major reasons for me adopting Bitcoin was mainly investment returns, the investment that i could have made in 2013-14 would have give me about 50x return, but unfortunately i dint have that kind of money back then. ( The story - bitcoin was at around 56k INR, I had hardly 20k cash lying around, din't know much, ended up not investing, Later on Regretting about it :( )


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: centralbanksequalsbombs on October 23, 2017, 02:46:04 AM
Ideology coupled with Monetary.

With bitcoin being an effective TRUE savings vehicle, it simply translates to financial survival in the global system of worthless fiat currencies.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: captainhera on October 23, 2017, 03:07:29 AM
The ideology behind Bitcoin



Monetary

The monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme.

So why did you adopt Bitcoin?

As you say, bitcoin is an innovation for investors. The number of people investing in the crypto market is increasing because of the large profits it brings. And of course I care about it for profit. You can make more profits and double your assets quickly.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: DewiKirana on October 23, 2017, 03:11:03 AM
I adopt the use of bitcoin because I am interested in the technology it has. I really like peer to peer, crypto, security. Besides, I'm tired of using credit and debit cards.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Pain Packer on October 23, 2017, 03:38:24 AM
I adopt Bitcoin for Monetary purposes. Since I am still on a lower rank, I think that will be my goal for now. But the more I engage in discussions and learn about bitcoin, I think it will shape my ideology little bit, time by time.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Dudeperfect on October 23, 2017, 03:51:48 AM
To be honest, I am impressed with the technology and possibility of it. Yes, I do speculation too as I think, being an early adopter you get the benefit of multiplied returns in the long run and as of now, this technology is in the beta stage in my opinion.

The world is getting decentralised in terms of business, politics and in every possible way so making it decentralised financially and that too without the support of any authority or controlled group of people is really a drastic move and I see tremendous possibilities with it in the coming decade.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Royero on October 23, 2017, 03:56:42 AM
The ideology behind Bitcoin

Quote
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. - Satoshi Nakamoto

Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks - Genesis Block

So the fundamental ideology is a decentralized trustless system to create an economy not dependant on governments/banks, empower repressed economies, disrupt or weaken the centralized monetary system, and economic freedom.

Something like what John Holloway said, "Changing the world without taking power."

I think majority of the early adopters were motivated by this philosophy, price wasn't a criteria.

The technology behind Bitcoin

There is no denying the fact that Bitcoin/Blockchain technology is revolutionary. It is here to stay. We will be seeing more use cases of it in future. The first distributed blockchain was conceptualised by Satoshi Nakamoto and was implemented as a core component in Bitcoin and thus making Bitcoin a technological tour de force.

Technology is one of the major reasons for Bitcoin adoption.

Monetary

The monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme.

So why did you adopt Bitcoin? There might be a reason or a couple of reasons or all the three.

Edit: Added all of the above.

Being honest I started using faucets then I started to research about crypto and saw an opportunity to get out of my country, I saw how volatile the market is, my initial funds was 5$ when BTC was at 900$, a few people helped me and now I have 0.06BTC and I think thats a huge gain but not enough to get out of here, Im from Venezuela and lots of young people here is trying to invest on cryptocurrencies that way in a few years the gains can me 30-100% easy and sometimes more, most young people wants to leave this country.. I dont have much tech knowledge about cryptocurrencies but I try to do my homework and learn enough to make safe investments and just wait.. Im a HODLER :-D so for me Bitcoin is an opportunity of life..

If any of you can and want to help me, please send whatever you want to
BTC: 1JxPzA3gWWXr6bVVcqkJvvAXvPKZB8bCf6
XVG: DJifijADaCoykKGgWrA9VTf6Zcbu95FPV3
ZEC: t1dcqUGTL62ysUgj1yXER3ZTMQEmk3iKLQJ
DGB: DEbxoLdH3iX54dCuG551rUeAdwCscBQjx3
ETH: 0x5abd0b56699073684f02eaf28fe89ddb19cbf0c1


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: daserpent on October 23, 2017, 04:25:41 AM
I agree. What really drives me into Bitcoin is the freedom over your finances (your bitcoins). Like they say, the only one that you can truly trust is yourself and by Bitcoin we do not need anyone who holds our bitcoins like bank since we can be a bank of ourself as long as you control and store you keys safely then that's it.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: maydna on October 23, 2017, 05:27:48 AM
once i know bitcoin, it did changes my life especially for the way to make money and i feel that bitcoin can be another source for me to have the money. actually i don't thinking too much when the first time i knew bitcoin, i only knew that from bitcoin we can make money and i don't imagine that now the money we can make is unlimited. and yes, now i can solve my financial problem by doing something in bitcoin, not just related with my life but with other people. in bitcoin, i am learning about sharing and teaching.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: pat4cryptoreal on October 23, 2017, 05:45:18 AM
I adopted bitcoin because of technological and innovation that has emerge through bitcoin and blockchain technology generally. I have observed a huge charge by our traditional banking system especially if money is going to be sent to another country and the rigorous processes. But with bitcoin sending money is very easy.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Kakmakr on October 23, 2017, 06:01:46 AM
I think my motivation is a combination between Ideology and Monetary. After the close call we had with the Banks causing a global economic crisis and the governments bailing them out with taxpayers money, I realized how fragile our financial system is and how much control Banks and Governments have over our money.

I wanted a method to store my wealth without having to include a centralized financial organization, like Banks. Bitcoin afforded me a way to bypass their control over my finances. ^smile^


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: albert11 on October 23, 2017, 06:02:30 AM
The reason why I like bitcoins is because of this I'm making more money. not like my job that 8 hours a day and fix the income. With bitcoins you hold your time you'll make your money And no one will get mad at you if you make a mistake about what you will do. That's why I chose it. Right now I'm earning money and it's enough to eat three times a day.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: mabell943 on October 24, 2017, 11:44:55 AM
Technology is one of the reason why adopt bitcoins. Because as of today our world is coping up in an era odf technological advancements and as a human we must adopt it for us not to be late in the future


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: setupbounds on October 25, 2017, 05:33:22 AM
I adopt the use of bitcoin because I am interested in the technology it has. I really like peer to peer, crypto, security. Besides, I'm tired of using credit and debit cards.
The time and era’s technology cannot be neglected because it is the need and if you ignore it so definitely you will suffer in future due to lack of knowledge of technology so, for me, it is very necessary to move with the needs of time.

I am also seeing bitcoin an ideal currency because the decentralization feature of bitcoin is so favorable to people. It is very easy for people to manage everything like business, shopping etc. virtually through bitcoin. 


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Genosx on October 25, 2017, 05:41:16 AM
i adopt bitcoins because of technology other countries are already accepted bitcoins as a form of money or as a paying material in every transactions. we must adopt it as soon as possible. that is only based on my own opinion.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Prettyme on October 25, 2017, 05:45:25 AM
I adopted btc because of the money revenue potential it has. I dont have any special tallents or skills so btc is the only way i can provide for me and my family. Tehnology wise it is clear that decentralization is the future and i want to get a front ticket in this journey. I hope we could make it togheter and wont let anyone stop this wave of pure intelligence and wealth for everyone.
Me too. I also adopted bitcoin because financial constraints and it is the only and effective way to solve the financial difficulty. With so many uses of bitcoin i only focus to its potential to give you financial freedom.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: centralbanksequalsbombs on November 02, 2017, 06:18:15 AM
To be honest, I am impressed with the technology and possibility of it. Yes, I do speculation too as I think, being an early adopter you get the benefit of multiplied returns in the long run and as of now, this technology is in the beta stage in my opinion.

The world is getting decentralised in terms of business, politics and in every possible way so making it decentralised financially and that too without the support of any authority or controlled group of people is really a drastic move and I see tremendous possibilities with it in the coming decade.

Yup, Bitcoin is probably just under 1% adoption in population ..... could you imagine the shifts in the world if it reached 7% adoption in population!?


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Victorycoin on November 02, 2017, 09:23:24 AM
My reasons for investing in Bitcoin are monetary, and I believe the "adopters" who came in after 2013 - 2014 are chiefly attracted to it for the same reason.
Well there's absolutely nothing the matter with the monetary gains being one's point of attraction to Bitcoin, someone has to be attracted by something anyway and on getting to know more about Bitcoin, might equally take to other attributes.

Quote
There is no need to lie. You are all here because you also believe in the large monetary rewards that we could possibly get by investing in Bitcoin. Admit it.
There you got it wrong by over generalizing that money is everything! As at 2013, the monetary reward from Bitcoin wasn't half as obvious or possible as it is today and most adopters then were looking for convenience and freedom without compromising security and no known financial system had that to offer until Bitcoin showed up. I was here first for the ideology and technology, but now also for the money!


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: ivrynx on November 02, 2017, 10:17:48 AM
First, bitcoin has a lot of benefits and one thing i like about bitcoin is its anonymity, you can transfer funds to each other without any banks or government institutions looking into your account and getting you hard earned money, saying it should be taxed ot there are hidden fees. The second thing i like most is the technology, it is very secured yet so convenient to use, especially the wallets, and lastly bitcoin's volatility, i think everyone would agree that they are also into bitcoin because of its value, since it beats inflation and gives us more hope in achieving financial freedom.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Prodigan786 on November 02, 2017, 10:24:25 AM
I voted for technology where i like the concept of Blockchain technology where all the business towards blockchain technology .Preople started to believe peer to peer Network . More than this transparency Business using Decentralised database.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: danggoron on November 02, 2017, 10:43:59 AM
My reasons for investing in Bitcoin are monetary, and I believe the "adopters" who came in after 2013 - 2014 are chiefly attracted to it for the same reason.

There is no need to lie. You are all here because you also believe in the large monetary rewards that we could possibly get by investing in Bitcoin. Admit it.

true, most of it is very interested in the very much paid from bitcoin. let alone in this forum. in addition, the users who from the beginning have invested must have gained a great profit.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: gabbie2010 on November 02, 2017, 10:56:54 AM
Personally I have adopted all of the above, I strongly believed in the ideology of bitcoin as a decentralized currency I do not like third party of transacting business I prefers doing my transactions anonymously, also the technology behind bitcoin is superbly configured using blockchain technology.
Lastly the monetary aspect of bitcoin is second to none, bitcoin can be used to trade, work for bitcoin, gambling, pay for goods and services e.t.c.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Nisharawal on November 02, 2017, 12:31:01 PM
 :) I am into these bitcoin because of all the three options, as you all know that the technology which is the backbone of the bitcoin and which is also the ideology reason for the rise in interest of traders and investors all over the world.I have traded the bitcoins many times and each time i traded the profits were really amazing because of the big difference between the buying and selling entries.And all the credits goes to the strong value and people's interest in the bitcoin for trading thanks to the Ideology,technology and monetary reasons,which are helping traders like me for generating their monthly income.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: eternalgloom on November 02, 2017, 12:57:35 PM
For me, it's a combination of all three values I think, I've been around the Bitcoin community for a reasonably long time now and I've used Bitcoin for every reason you've listed.
In the earlier days the community was much more focused on the ideological aspects than now it seems, that has sadly disappeared a bit, I think.

Also, if you make use of Bitcoin a lot, then it's hard not to like the technology and monetary value behind Bitcoin, you just benefit from it if you use it.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Dudeperfect on November 02, 2017, 05:18:00 PM
To be honest, I am impressed with the technology and possibility of it. Yes, I do speculation too as I think, being an early adopter you get the benefit of multiplied returns in the long run and as of now, this technology is in the beta stage in my opinion.

The world is getting decentralised in terms of business, politics and in every possible way so making it decentralised financially and that too without the support of any authority or controlled group of people is really a drastic move and I see tremendous possibilities with it in the coming decade.

Yup, Bitcoin is probably just under 1% adoption in population ..... could you imagine the shifts in the world if it reached 7% adoption in population!?

Exactly, Bitcoin is gaining popularity day by day and on the other hand, the supply is reducing so as a rule of demand and supply the price is going to skyrocket. Apart from that, I am impressed with the idea of cryptocurrency friendly market environment which is going to sustain the active network of cryptocurrencies. There is good technology, huge community, tremendous scope, limited supply, positive perception and increasing connectivity, what else we want?


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Nilda on November 02, 2017, 06:59:25 PM
It's purely for financial gain. Bitcoin is tailor-made for me. Not much of a techie but with google and some assistance from friends. I was able to become some sort of a resident bitcoin guru in the office.
.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Delarock on November 02, 2017, 07:03:59 PM
I adopted bitcoin because of its excellent technology. Privacy, decentralized, and not easily traced and easy to transact between countries make me fall in love with Bitcoin.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: ritsel02 on November 02, 2017, 10:04:29 PM
The main reason why I adopt bitcoin is monetary.I was attracted to it because I have find out that having it could help me gain enough money in addition to my monthly salary. I've been looking for an additional income before because my salary is not enough due to the increasing needs and the expensive prices of foods and goods in the market,good thing I have found bitcoin which could help me to sustain our daily needs.
As I have learned deeper on bitcoin I just then realized the advantages of its technology in terms of transactions.Sending bitcoin all over the world with low minimal fees or sometimes free  any time and day is possible. And now I was also amazed on its technology.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: centralbanksequalsbombs on November 04, 2017, 05:54:07 PM
The main reason why I adopt bitcoin is monetary.I was attracted to it because I have find out that having it could help me gain enough money in addition to my monthly salary. I've been looking for an additional income before because my salary is not enough due to the increasing needs and the expensive prices of foods and goods in the market,good thing I have found bitcoin which could help me to sustain our daily needs.
As I have learned deeper on bitcoin I just then realized the advantages of its technology in terms of transactions.Sending bitcoin all over the world with low minimal fees or sometimes free  any time and day is possible. And now I was also amazed on its technology.



Aw man, all of what you said and still no mention of the ideology? Isn't it the opposite ideology from current fiat systems that allows bitcoin to provide for all what you mention?


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: centralbanksequalsbombs on November 08, 2017, 04:38:41 AM
I adopted bitcoin because of its excellent technology. Privacy, decentralized, and not easily traced and easy to transact between countries make me fall in love with Bitcoin.

Sending a little or even all of your Bitcoin to another country in minutes and be done - is HUGE! Borderless.

Be careful of your statements - everything is on the ledger for everyone to see forever and can be tracked.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: fattyforhire on November 08, 2017, 07:53:51 PM
When I only invested money in bitcoin, all the same in the first place for me was precisely the monetary principle. I was then looking for an opportunity to earn money on the Internet and this option attracted me the most. And only now, six months later I realize the beauty of bitcoin technology, its functionality and capabilities. And now for me this is the main argument.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: 1NV3ST0NM3 on November 08, 2017, 08:12:39 PM
Not really like the idea of pure decentralization. It has never been a success. All what decentralization can do is create a state of anarchy and thats it. I think technology is the main reason why we need bitcoin.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: kimochidesh on November 09, 2017, 08:04:31 PM
I think all of us got into this system because of all 3 factors. As most us are not involved in any illegal activities, decentralization does not really matter to us. Like many of the BTC users is layman so they don't care about the tech running behind it. And last but not least Monetary, price rising is an imp. factor but why people trust a system that is not even legal!!!
So all these 3 factors made BTC a unique identity and reason for gaining popularity.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: cryptoalfs76 on November 18, 2017, 11:38:18 PM
The ideology behind Bitcoin

Quote
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. - Satoshi Nakamoto

Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks - Genesis Block

So the fundamental ideology is a decentralized trustless system to create an economy not dependant on governments/banks, empower repressed economies, disrupt or weaken the centralized monetary system, and economic freedom.

Something like what John Holloway said, "Changing the world without taking power."

I think majority of the early adopters were motivated by this philosophy, price wasn't a criteria.

The technology behind Bitcoin

There is no denying the fact that Bitcoin/Blockchain technology is revolutionary. It is here to stay. We will be seeing more use cases of it in future. The first distributed blockchain was conceptualised by Satoshi Nakamoto and was implemented as a core component in Bitcoin and thus making Bitcoin a technological tour de force.

Technology is one of the major reasons for Bitcoin adoption.

Monetary

The monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme.

So why did you adopt Bitcoin? There might be a reason or a couple of reasons or all the three.

Edit: Added all of the above.

Bitcoin have its own ideology of being a decentalized system that  not like in the bank regulation,they  run the monetary sytem thats not depend from centralization and the technology of cryptocurrency is different from the fiat currency system that run only in the banks that regulated by the government,unlike bitcoin even its not regulated its run through the whole system of digital currency.this the unique of bitcoin different from other,thats why people embrace and adopt its three fundamental.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: centralbanksequalsbombs on November 21, 2017, 04:56:36 AM
The ideology behind Bitcoin

Quote
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. - Satoshi Nakamoto

Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks - Genesis Block

So the fundamental ideology is a decentralized trustless system to create an economy not dependant on governments/banks, empower repressed economies, disrupt or weaken the centralized monetary system, and economic freedom.

Something like what John Holloway said, "Changing the world without taking power."

I think majority of the early adopters were motivated by this philosophy, price wasn't a criteria.

The technology behind Bitcoin

There is no denying the fact that Bitcoin/Blockchain technology is revolutionary. It is here to stay. We will be seeing more use cases of it in future. The first distributed blockchain was conceptualised by Satoshi Nakamoto and was implemented as a core component in Bitcoin and thus making Bitcoin a technological tour de force.

Technology is one of the major reasons for Bitcoin adoption.

Monetary

The monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme.

So why did you adopt Bitcoin? There might be a reason or a couple of reasons or all the three.

Edit: Added all of the above.

Bitcoin have its own ideology of being a decentalized system that  not like in the bank regulation,they  run the monetary sytem thats not depend from centralization and the technology of cryptocurrency is different from the fiat currency system that run only in the banks that regulated by the government,unlike bitcoin even its not regulated its run through the whole system of digital currency.this the unique of bitcoin different from other,thats why people embrace and adopt its three fundamental.

I like your answer.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Delarock on November 22, 2017, 04:37:01 PM
I adopted bitcoin because of its excellent technology. Privacy, decentralized, and not easily traced and easy to transact between countries make me fall in love with bitcoin


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: cryptadikt on November 22, 2017, 04:44:08 PM
All of the above. The documentary on netflix is what triggered my curiosity to learn and get involved.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: hasyurt on November 22, 2017, 04:49:09 PM

The only reason I do not prefer my bitcoin is because it comes in very serious value. I am trying to get a little bitcoin out already in order to have a good financial aid for my child in the future.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: vidprab5 on November 30, 2017, 11:02:07 AM
I voted for technology where i like the concept of Blockchain technology where all the business towards blockchain technology .Preople started to believe peer to peer Network . More than this transparency Business using Decentralised database.
Yeah for the present time the block chain is the best and the well developed area where all the people were using the blockchain and the bitcoin has become the grownup area. In the several countries the bitcoin has made the world to trust it and to invest because the profit is the high and now it is the time to make the world believe the bitcoin and to hold it till the price will be the highest for the future.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: bestluck on December 09, 2017, 11:49:13 PM
I adopted bitcoin because of its excellent technology. Privacy, decentralized, and not easily traced and easy to transact between countries make me fall in love with Bitcoin.
Yeah it is true that mostly people adopt Bitcoin by its technology. But I my case I at first read all its features very deeply. There is no comparison of Bitcoin in any type of currencies. I am impress with Bitcoin by its technology and monetary also. Both are the main features why people come to Bitcoin and become the permanent part of it. Bitcoin decentralize property is too good that all control in your hands no one is taking involvement in your plan.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: ReindeerOnMe on December 09, 2017, 11:53:21 PM
I think it will be always the ideology and the monetary that will be making you adopt bitcoin. I am not a technology savvy so all I can know is to use it and the idea of it but I can say that this technology, the Blockchain technology will be a door to a lot of possibilities in the next year when another technology is released. I think we can say there are some technologies that are based on this technology invented by Satoshi Nakamoto.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Bitcoinislife09 on December 09, 2017, 11:54:55 PM
At the first time I used bitcoins, the reason I adopted it is because of monetary purposes because at that times I am really in need of money. As I browse and read and participate in different topics, I realize that bitcoin is really a need today because as people who are living in this technology-driven generation, people are also finding ways to use technology in its capacity to do so.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: aanbudi on December 10, 2017, 12:01:13 AM
Why am I adopting Bitcoin? Clear for finance. In addition to increasing revenue, Working with Bitcoin is more relaxed. It is undeniable, the result of Bitcoin with my offline job, a bigger income from Bitcoin.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Omega Weapon on December 10, 2017, 01:14:10 AM
I voted by all the above, if bitcoin only had two of those three components it will not be as successful but bitcoin has it all, the technology is the work of a genius, the ideology behind is spot on, bitcoin is based on solid economic principles and not in unproven theories, the innovation in the ideology is that we do not need a central authority and finally lets be honest we love the amount of money we are making with bitcoin.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: DoublerHunter on December 10, 2017, 03:17:12 AM
Why am I adopting Bitcoin? Clear for finance. In addition to increasing revenue, Working with Bitcoin is more relaxed. It is undeniable, the result of Bitcoin with my offline job, a bigger income from Bitcoin.
That is the best about bitcoin, the bigger income that we could possibly get from bitcoin if we will work hard. Working in bitcoin is not that hard because if you really wanted to have a good amount of income in bitcoin then you can just work in bitcoin at your home and expect bigger amount of income because the rate of income is keep on increasing.


Title: Re: Why did you adopt Bitcoin - Ideology, Technology, Monetary
Post by: Bruno77 on December 17, 2017, 05:49:07 PM
I adopted bitcoin because of its excellent technology. Privacy, decentralized, and not easily traced and easy to transact between countries make me fall in love with bitcoin. One more, I adopted bitcoin also because of its high selling value.