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Author Topic: The Ten Stages Of Bitcoin Adoption  (Read 2120 times)
alani123
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May 22, 2014, 11:23:14 PM
Last edit: May 23, 2014, 12:59:16 AM by alani123
 #21

adoption addiction

Here, I fixed that for you. I was expecting an article talking a bout bitcoin taking over the dolar tbh. Lips sealed

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May 22, 2014, 11:54:38 PM
 #22

adoption addiction

Here, I fixes that for you. I was expecting an article talking a bout bitcoin taking over the dolar tbh. Lips sealed

Oh good idea!

In that case, the first 12 stages are the steps of Stage One Mass Adoption  Cheesy

You say "anti government" like that's a bad thing...

Unfortunate times will bring out the best in good people and the worst in bad people
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May 23, 2014, 12:44:32 AM
 #23

Not sure obsessive chart-watching should be the last step. As people understand more about Bitcoin they learn that it will continue to be highly volatile for a while but probably go up long term. And starting caring less about day to day swings. I followed the charts a lot more before even though I have more invested now.


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serenitys (OP)
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May 23, 2014, 12:47:04 AM
 #24

Not sure obsessive chart-watching should be the last step. As people understand more about Bitcoin they learn that it will continue to be highly volatile for a while but probably go up long term. And starting caring less about day to day swings. I followed the charts a lot more before even though I have more invested now.

I envy you...it's kissing 540 in the ass and I'm just over here squealing, trying to shake the laptop to make it tilt up one more notch!

You say "anti government" like that's a bad thing...

Unfortunate times will bring out the best in good people and the worst in bad people
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May 23, 2014, 01:28:53 AM
Last edit: May 23, 2014, 01:44:43 AM by Beliathon
 #25

It's literally the only other time since cash that I truly feel this is MY money
Fiat cash was never your money, your government always owned it (they also own you). You're breaking the law if you burn/destroy fiat cash. Bitcoin truly is yours, though.

...and watching that built in "interest" jump up as the market jumps is even more awesome.
It will be even more awesome in two years when you're looking at a 500-5,000%+ ROI.

I went in with 95% life-savings at $87. When the China crash happened, all my friends were like "oh dude, I'm sorry. You must've lost so much money". Having held the whole time, this was -and is- my reaction:



Yeah, that's me looking off into the near-future at my vast fortunes of free wealth. My divine reward for being born with exceptional pattern-recognition ability. Observation and deduction pay the bills, mofucka.

re: eating......Like, healthy?  or gourmet?
Both, I eat a lot of farm-to-table. There's plenty of delicious, healthy, overpriced food here in NYC for me to enjoy.

I make a point of looking like a complete dirty slob asshole when I walk into the fanciest places, just because I can.

Highly recommended read:


Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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May 23, 2014, 01:48:39 AM
 #26

+1 again

I think we might be related Smiley

You had me at pattern recognition. It's kind of my "thing"...and people give me this look mostly

 Roll Eyes

Absolutely the fiat was never mine...so I've never been real attached to it, it's a tool. I've made an emotional investment in bitcoin though.


(course that's probably a bad idea when it comes to the part I have 4 tabs open with each of the chart tracker sites up...making myself batshit).

You say "anti government" like that's a bad thing...

Unfortunate times will bring out the best in good people and the worst in bad people
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May 23, 2014, 02:02:44 AM
 #27

 Grin I reckon I'm at stage 8, healthy skeptisism...
or gullible maybe  Undecided

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May 23, 2014, 02:13:06 AM
 #28

Official Disclaimer: This is off the cuff but I'm seeing a pattern here so wanted to give it a shot trying to identify these stages before we are "all in". This is my take...please feed back if I left any out or could change it around a bit better. I'd like to come up with something relatively fitting that can be shared with others to see how adoption is trackable - even if it's never a full blown psych eval, it's still fun to tinker with in a social way.

The Ten Eleven Stages Of Bitcoin Adoption

 - Serenity S.

Stage One: Oblivious Indifference

Huh? Bitcom? Naw. Oh did you see what Justin Bieber did yesterday in Germany zomg?!

Stage Two: Utter Confusion Based Indifference

Oh yeah bitcon? That's totally a scam. They went bankrupt. Hey dude, wanna drive me up to Taco Bell?

Stage Three: Mild Curiosity

Yeah, I've heard about it here and there. I heard lots of people are getting rich with it. There must be something to it though, been seeing some stores starting to accept it. What is bitcoin, exactly? (<<< this is the make or break it moment)

Stage Four: Abject Curiosity

Wait, so I can buy any amount of bitcoin I want and make some money? I'm hearing more talk about this. *Asks more questions*

Stage Five: Remedial Comprehension

So basically, I can send my sister a couple thousand dollars for less than a buck? It's anonymous? And nobody can steal it?

Stage Six: Fear Based Skepticism

Yeah, it's a great idea but there's no way in hell the government's gonna let this happen, it's financial suicide. And really, not many people use it. I don't even shop at Overstock anyway, too expensive. And the price keeps jumping around - how can merchants know what to charge? It's too easy to implode...this is a fad. (coincides with a sense of disappointment because it really was a good idea that is in a precarious position with simultaneous hope that there's bound to be something that can get this to take off)

Stage Seven: Self Directed Learning

*Google, Wiki, You Tube, Bitcointalk, Coindesk, Reddit, Massive Internet Bitcoin Research & Education Bender*

Stage Eight: Healthy Skepticism

This is gonna be HUGE but right now it's too complex for the average user...and there's the security issue. These need to be solved.

Stage 8 alternative:

There's too many outside interests looking to interfere and milk the bitcoin enthusiasts, and too many bitcoin insiders also looking to milk other bitcoin enthusiasts, a vocal number of early adopters who want to see their trivial investment make them into the wealthy elite, and huge toxic pillars (bitcoin foundation, miner manufacturers), that there's going to be many explosions along the way,   I think I'll sit back with some popcorn and watch this geek version of all-my-children from a safe position. (Contributed by Chopperman)


Stage Nine: Proactive Paradigm Shift

So, all these mega venture capitalists are throwing money into developing and reinforcing the infrastructure and to make it mindlessly easy for the average person on the street to use bitcoin, the conferences, all this support is there, happening, launching NOW...and it's meeting little resistance save but the periodic gloom and doom reports...this is going to change the world as we know it!  Cry  (tears of profound giddiness)


Stage Ten: Full Adoption: All In

Bitcoin Accounts Set up with Coinbase, Blockchain.Info, Bitstamp, other...jumps in to contribute, participate, be part of the solution, and position for potential wealth and security


Stage Eleven: Obsessive Chart Watching

OMG! It went up 40 cents! No, down 15 ce- up 82 cent--OMGOMGOMG IT HIT 400!!!

Sleepless nights obsessing over Bitcoin... (Contributed by: ChuckBuck)






Stage Twelve: Bitter Divorce?  Grin

Wrong.

There are TWELVE STEPS in Bitcoin adoption and the last or twelfth step is GOVERNMENT CONTROL!

And because of some of the earlier stopes, that is exactly what you are getting!

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May 23, 2014, 02:43:55 AM
 #29

This is the ten/eleven/twelve steps of bitcoin adoption, if you please....not the twelve step program for the paranoid and fatalistic  Tongue

You say "anti government" like that's a bad thing...

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May 23, 2014, 03:03:45 AM
 #30


I make a point of looking like a complete dirty slob asshole when I walk into the fanciest places, just because I can.


Man, you are a rebel. Lol...  So are you working?  Again, just curious.

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May 23, 2014, 03:06:00 AM
 #31

This is the ten/eleven/twelve steps of bitcoin adoption, if you please....not the twelve step program for the paranoid and fatalistic  Tongue

Oh, no!

Don't get me started on Twelve Step Theology!

The twelfth step I suggested will mean the demise of Bitcoin.

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May 23, 2014, 03:14:11 AM
 #32

This is the ten/eleven/twelve steps of bitcoin adoption, if you please....not the twelve step program for the paranoid and fatalistic  Tongue

Oh, no!

Don't get me started on Twelve Step Theology!

The twelfth step I suggested will mean the demise of Bitcoin.




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May 23, 2014, 03:15:55 AM
 #33

This is the ten/eleven/twelve steps of bitcoin adoption, if you please....not the twelve step program for the paranoid and fatalistic  Tongue

Oh, no!

Don't get me started on Twelve Step Theology!

The twelfth step I suggested will mean the demise of Bitcoin.





And opinions are like certain body parts and most everyone has one, including you.

Oh.

Learn to embed images while you're at it, mkay?

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May 23, 2014, 07:29:45 PM
 #34



stage 12 is avoidable  Grin

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May 23, 2014, 07:36:45 PM
 #35

Lol I didn't have all 11 stages but some of them are true indeed. My adoption to bitcoin was like this: 1. I found about bitcoin. 2. Got interested into It when the price started hopping up like crazy. 3. After some time i thought that It's a bubble that specific people want to profit from when It started going down like crazy and up again but ended In a "huge" price drop. 4. Now I'm still interested In It and I don't have much skepticism about It. I believe I'll make money from It.  Tongue
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May 23, 2014, 08:48:17 PM
 #36


I make a point of looking like a complete dirty slob asshole when I walk into the fanciest places, just because I can.


Man, you are a rebel. Lol...  So are you working?  Again, just curious.
I volunteer. Capitalism disgusts me, even now that I'm free of its bonds.

I also don't waste my BTC savings on stupid indulgent bullshit, other than overpriced food. What an enormous destruction of future wealth! If I had any financial sense I'd be eating Ramen noodles.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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May 23, 2014, 08:52:28 PM
 #37

Yeah but why not work and preserve your coins ?  I guess you must have a lot of coins

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May 24, 2014, 12:39:15 AM
 #38

Not sure obsessive chart-watching should be the last step. As people understand more about Bitcoin they learn that it will continue to be highly volatile for a while but probably go up long term. And starting caring less about day to day swings. I followed the charts a lot more before even though I have more invested now.

fact!i used to be full blown addicted checking every second i can.. but now it doesnt worry me like it used to.. you just get used to the price swings and they become less interesting lol until it jumps 100 dollars in a day...lol

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