Some people completely miss the point about BITCOIN

[luqash3]

For me for sure bitcoin is going to be only to make money nothing else especially short ones because in long term I fear its success especially after china has took strong steps again the bitcoin prosperity. So in short term only bitcoin is save and really big profits possible like 1 day it’s around $500 next day $1000. Wow doubling in a day not bad.

[Soros Shorts]

Yes in this case you could say gold the perfect money for spending and saving for an individual but its not good for a society.

If you look back on thousands of years of goldmoney , gold was hoarded and the majority of people were piss poor. It doesnt flow well.

Inflationary money ( not synonymous with central bank criminal monopoly money ) does flow much better. It create constant flow of money and economic activity.

Bitcoin has would be fine money I suppose if they were to spend it and not buy it in the hopes they can later exchange it for more fiat.



Off Topic : Money experiment in early 20th century in austria that gave incentive to spend instead to save and created prosperity in the midst of a depression and subsequently shut down by bankers : http://en.wikipedia.org/wiki/Freigeld .

What I am really looking for is a lossless store of value that does not degrade over time. I want to store a unit of work that I produce today, and at some point in the distant future exchange its value for the same amount of goods or services that I would have gotten if I had I made the exchange tomorrow. I want to hoard the rewards of my labor, so that I can spend it during my retirement years or give some to my heirs. Bitcoin gives me that and more.

[Bismarckbkk]

Yes in this case you could say gold the perfect money for spending and saving for an individual but its not good for a society.

If you look back on thousands of years of goldmoney , gold was hoarded and the majority of people were piss poor. It doesnt flow well.

Inflationary money ( not synonymous with central bank criminal monopoly money ) does flow much better. It create constant flow of money and economic activity.

Bitcoin has would be fine money I suppose if they were to spend it and not buy it in the hopes they can later exchange it for more fiat.



Off Topic : Money experiment in early 20th century in austria that gave incentive to spend instead to save and created prosperity in the midst of a depression and subsequently shut down by bankers : http://en.wikipedia.org/wiki/Freigeld .

What I am really looking for is a lossless store of value that does not degrade over time. I want to store a unit of work that I produce today, and at some point in the distant future exchange its value for the same amount of goods or services that I would have gotten if I had I made the exchange tomorrow. I want to hoard the rewards of my labor, so that I can spend it during my retirement years or give some to my heirs. Bitcoin gives me that and more.

You must be trolling, good one.

[jonanon]

There is no single defined point to Bitcoin, it can mean to someone exactly what they want it to mean, be it investment, a form of payment, decentralisation or anything else for that matter. To say people miss the point about Bitcoin you first have to define which point it is they are missing.

[t1000]

I have heard of it long before I got into it in December 2012. At the time I was looking for something new to do.

[hdbuck]

This thread is very similar to another one just a few posts below.

https://bitcointalk.org/index.php?topic=377744.0

I'll answer the same: Monetary freedom.

do i get any royalties ? 

[LiteCoinGuy]

Making Money by Speculating/Investing
Anything Alternative I'm Into
Bitcoin is Cool
I want to Stamp out the Federal Reserve and Central Banks
Bitcoin is the future. To stay ahead of the curve.
The Ease of use, Anonymous Transactions and Lighting Speed

all.
   

[BTCisthefuture]

I wish you could vote for every answer. because there's some truth in all the answers.

I'll admit bitcoin going up in price certainly increased my attention. But I also believe strongly that Bitcoin has a lot of potential to change the way people have control over their money and do transactions especially online and with microtransactions.

[bitrebel]

 

Here lies part of the problem we are all having.

We are a divided community.

Half of us are trying to take down the system by destroying the Federal Reserve system, and the other half are busy making fiat currency as much as they can off bitcoin, which does nothing but to prop up the Federal Reserve system.

It's no wonder we are not accomplishing much.

We develop bitcoin to gain monetary control, but then we give it away for dollars, which is dis empowering, overall.

The worst part of it is this : The more we speculate/trade and try to make fiat money off bitcoin, the less powerful we are all, and the more chance we stand to lose bitcoin altogether to massive regulation.

Maybe we can save ourselves, by killing ourselves?  

[kuverty]

Anonymous online transactions and the cool cryptography stuff got me into Bitcoin and I decided to invest (and use it) when I realized the potential of it