Bitcoin Forum
June 19, 2024, 03:04:28 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: What got you hooked on Bitcoin?  (Read 4391 times)
molecular
Donator
Legendary
*
Offline Offline

Activity: 2772
Merit: 1019



View Profile
October 17, 2012, 07:54:23 AM
 #61

Regardless of what anyone says the reason is it boils down to this.
1) Money
2) Your a crypto lover or programmer interested in MONEY!!!
3) Its a hobby to make MONEY!

I mine to sell suckercoins bitcoins to the highest bidder so I can profit even more..


So 100% of people use BTC to profit, the rest are lying about why they mine.


money != profit

also, I think you misread the question slightly.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
kangasbros
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1006



View Profile
October 17, 2012, 08:55:25 AM
 #62

Regardless of what anyone says the reason is it boils down to this.
1) Money
2) Your a crypto lover or programmer interested in MONEY!!!
3) Its a hobby to make MONEY!

I mine to sell suckercoins bitcoins to the highest bidder so I can profit even more..


So 100% of people use BTC to profit, the rest are lying about why they mine.


Well, yeah. Personally I see nothing wrong with people wanting to profit. But not everyone wants to sell their bitcoins to the highest bidders, many here want to earn some bitcoins, and then buy products and services with bitcoins, not change them to FIAT. Some want to leave the fiat-money world behind, and transform their personal finances to the btc-economy. That is my personal long-term goal - I'm pretty sure there are still many years before I can actually do this (including paying rent, food in bitcoins), but the day will come.

Also many of us don't mine, there are also other ways to earn bitcoins than mining.

I personally also think that separating altruistic goals, such as changing the world for the better, and greedy goals such as profiting is a false dichotomy. You can combine the two. You can profit from doing something, and at the same time you can do something that changes the world for the better. Of course what "better" is, is highly subjective.

molecular
Donator
Legendary
*
Offline Offline

Activity: 2772
Merit: 1019



View Profile
October 17, 2012, 10:39:44 AM
 #63

I personally also think that separating altruistic goals, such as changing the world for the better, and greedy goals such as profiting is a false dichotomy. You can combine the two. You can profit from doing something, and at the same time you can do something that changes the world for the better. Of course what "better" is, is highly subjective.

Even more so: I think that individuals following egotistic motives will lead to higher prosperity and wealth in the long run compared to them trying to do good to others directly. As long as there's free market and sound money, individual profit-seeking will lead to efficient resource usage.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!