Bitcoin Forum

I figure this is a good question to get people discussing things on the newbie board.  I have a ton of reasons, personally, I won't bore you with a lot of them, just get the ball rolling.

The removal of extreme amounts of wealth and power to the hands of individuals is a process we usually refer to as "liberation", and is generally recognized as a good thing.  This attracts me to the idea of Bitcoin.



Edit History
- fixed a typo in the headline -BitCon to Bitcoin

For all of these reasons (similar to yours):

http://www.economicsandliberty.com

(BTW, you may want to edit the typo in the subject line)

BitCon == Bitcoin Convention?

BitCon == Bitcoin Confidence Trick?

Just was reading the paranoia thread. Thanks for re-inforcing that for me ;)

I'm interested in BTC for it's anonymity in purchases.

Fantastic article! - fixed the typo, thanks!

I find the whole "offshore" and "expropriation" angle to be overplayed just a little. For instance, if I have a bundle of cash, lock it in a safe, and hide the safe, it's almost as hard to expropriate as my bitcoins. You might argue that access to your bitcoins is a little more convenient, but then so is your ability to hand over access under duress. Of course, as the amount of bitcoin to be stored increases, this argument may be more meaningful, but then who is it most meaningful for? Arguably only for the very wealthy. Well, that's not a very compelling argument for the rest of us to adopt a currency.

The real value here is in the ability to make a secure transaction. It is inexpensive, and has a public audit trail. You can say you're going to do something (ie, pay X BTC to address Y), then do it, and anyone can confirm in the block chain that you in fact did what you said you would do.

Well put!

A new form of freedom. Sexy  8)

I am interested in bitcoin because it is:

1.  Liquid
2.  Volatile
3.  Easy to read

I am interested because of the money making opportunity.

I like the fact that fees are comparatively much lower and you can send cash around the word nearly instantly

Like everyone else  ;)

I like it's deflationary nature.

I like the idea of sound money and bitcoin is a step in the right direction. The relative anonymity is a further attraction.

I like the freedom it give and the fact that i can hold MY money

Hello all!

While I haven't used Bitcoin for any transactions yet, I am interested in using because of the anonymity (somewhat) of the transactions. Being anonymous allows you to "vote with your money" and take it out of a fiat, inflationary system. I really feel that if we can begin to deny the state (federal government) possible tax revenues we can starve the government down to a more manageable level.

Of course, along the way judges and bureaucrats can stand in our way -- we have two hundred years of legacy law working against us. Einstein was often quoted as saying if just two percent of armed forces refused to fight the war machine would grind to a halt. Well, I suspect that his "2%" number applies equally to other national endeavors also. If just 2% of taxpayers refused either directly or indirectly to pay taxes (either outright refusal or via a difficult to trace crypto-currency) then government functions would halt.

Just my two cents ...

Bitcoin is an innovation in electronic P2P currency.
A brand new idea which is totally open source.

I just think it's a pretty cool idea, and it gives my 2 old 5850's something to do.  Who knows, in 5 months or so they may pay for themselves even after using them for 2 years for gaming.

Same here and I also like the potential it has.

i like bit coin because they don't have tax  ;D

Bitcoin is a revolution like the e-mail was. I can send money to everybody, whenever and wherever I want and (almost) free. Money has borders but Bitcoin doesn't, like any thing on Internet. That's why I'm interested.

You don't like to pay your slave tax. Shocking.  :D