Why Bitcoin?

[BitRod]

Because decentralization is the future of a healthy ecosystem. It will help in every aspect of society from agriculture the finance. Bitcoin is the finance part.

[GingerAle]

i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

bitcoin seems to, over time, be drifting more into a centralised system, core dev team where so few as 5 completely control the code, backed by what has come to light time and time again a very questionable central organisation.

have VC with their little startups jumping on board left right and center, and we know their goals  , bitcoin's heading more and more like being the bank product it was meant to be an alternative to  

seems the only way to back bitcoin is keep your head it the sand and hope it'll all turn out good in the end........

Have you already found an alternative? Or it's just an concept/forecast by now?

well i think there is atleast one coin better the bitcoin, but this thread is more about the concept of looking elsewhere and not just being stuck in the bitcoin is best nothing could better it, mindset.

also having been behind the scenes in many a crypto, i've considered creating in my mind the ideal p2p currency, just many an issue i have with all current cryptos arent easy to solve.

Do you mind sharing? I mean that better one.

IMO bitcoin will live and stay the first and the most.., but I also consider Nxt and Cryptonote coins promising.   

Yeah, like its been said before, bitcoin is the equivalent of gold. Slow (10 minute blocks). Weird emission (block halvings). Wonky distribution.

And at some point it becomes all about the infrastructure. You got nodes and mining equipment in bunkers in mountains all over the world and in satellites circling the earth? Thats probably the network thats the most secure

[kelsey]

Also, you didn't answer my question:

What/who is stopping you from becoming influential/valuable dev?

probably because there are so many questions in this thread (well including people answering a question with a question).

anyways whats stoping me becoming an influential/valuable dev, if you mean in bitcoin; lack of faith in bitcoin. not from the first day i used bitcoin  (many years ago) have considered it even remotely likely to ever become a useful alternative to fiat.

as for dev of something i see promising in the future, be happy too.

[pawel7777]

Also, you didn't answer my question:

What/who is stopping you from becoming influential/valuable dev?

probably because there are so many questions in this thread (well including people answering a question with a question).
...

Not really, I don't think there are that many questions in this thread.
You seem to be very selective in your replies and haven't address most of the things from my last 2 posts.

...
anyways whats stoping me becoming an influential/valuable dev, if you mean in bitcoin; lack of faith in bitcoin. not from the first day i used bitcoin  (many years ago) have considered it even remotely likely to ever become a useful alternative to fiat.

as for dev of something i see promising in the future, be happy too.

That's not what I meant.

You call Bitcoin centralised because of "only 5 core devs", while there's absolutely nothing stopping you from being the dev yourself. You don't need anyone's permission. If you have knowledge/skills and can use arguments to convince others to your ideas you could have more influence then those 5.

As for now, you sound like complaining about 'water being too wet'.

[thejaytiesto]

Also, you didn't answer my question:

What/who is stopping you from becoming influential/valuable dev?

probably because there are so many questions in this thread (well including people answering a question with a question).
...

Not really, I don't think there are that many questions in this thread.
You seem to be very selective in your replies and haven't address most of the things from my last 2 posts.

...
anyways whats stoping me becoming an influential/valuable dev, if you mean in bitcoin; lack of faith in bitcoin. not from the first day i used bitcoin  (many years ago) have considered it even remotely likely to ever become a useful alternative to fiat.

as for dev of something i see promising in the future, be happy too.

That's not what I meant.

You call Bitcoin centralised because of "only 5 core devs", while there's absolutely nothing stopping you from being the dev yourself. You don't need anyone's permission. If you have knowledge/skills and can use arguments to convince others to your ideas you could have more influence then those 5.

As for now, you sound like complaining about 'water being too wet'.

Indeed. If an individual is capable of delivering quality content/bug fixes/features to the protocol it will get implemented. The open source is open to anyone to try.

[dulldog]

i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

bitcoin seems to, over time, be drifting more into a centralised system, core dev team where so few as 5 completely control the code, backed by what has come to light time and time again a very questionable central organisation.

have VC with their little startups jumping on board left right and center, and we know their goals  , bitcoin's heading more and more like being the bank product it was meant to be an alternative to  

seems the only way to back bitcoin is keep your head it the sand and hope it'll all turn out good in the end........

Have you already found an alternative? Or it's just an concept/forecast by now?

well i think there is atleast one coin better the bitcoin, but this thread is more about the concept of looking elsewhere and not just being stuck in the bitcoin is best nothing could better it, mindset.

also having been behind the scenes in many a crypto, i've considered creating in my mind the ideal p2p currency, just many an issue i have with all current cryptos arent easy to solve.

Do you mind sharing? I mean that better one.

IMO bitcoin will live and stay the first and the most.., but I also consider Nxt and Cryptonote coins promising.   

Yeah, like its been said before, bitcoin is the equivalent of gold. Slow (10 minute blocks). Weird emission (block halvings). Wonky distribution.

And at some point it becomes all about the infrastructure. You got nodes and mining equipment in bunkers in mountains all over the world and in satellites circling the earth? Thats probably the network thats the most secure

Missed it. Now loved the comparison 

[Cruxer]

i've been around this community a few years and i still don't get why anyone would chose bitcoin.

I wouldn't chose bitcoin if i wouldn't know it. But i know it, and everytime im traveling, im angry that i can't buy drink on every airport in the world with bitcoin and my smarthphone. I must change money in each country and pay many fees and get so much trouble.

[sukamasoto]

i've been around this community a few years and i still don't get why anyone would chose bitcoin.

At the first glance I know bitcoin, it has a lowest fee for a transaction. Unlike fiat currency, it require quite big fee.
It also has a fast transaction if we pay for high priority. If many world using bitcoin as default currency, everyone will be more easy & faster to spending some money

[kelsey]

Also, you didn't answer my question:

What/who is stopping you from becoming influential/valuable dev?

probably because there are so many questions in this thread (well including people answering a question with a question).
...

Not really, I don't think there are that many questions in this thread.
You seem to be very selective in your replies and haven't address most of the things from my last 2 posts.

...
anyways whats stoping me becoming an influential/valuable dev, if you mean in bitcoin; lack of faith in bitcoin. not from the first day i used bitcoin  (many years ago) have considered it even remotely likely to ever become a useful alternative to fiat.

as for dev of something i see promising in the future, be happy too.

That's not what I meant.

You call Bitcoin centralised because of "only 5 core devs", while there's absolutely nothing stopping you from being the dev yourself. You don't need anyone's permission. If you have knowledge/skills and can use arguments to convince others to your ideas you could have more influence then those 5.

As for now, you sound like complaining about 'water being too wet'.

of course i'm selective of the questions atm, because i don't have the time to properly fully answer most the questions, and I wrote the initial questions to get other peoples answers, i already know my own.

again i think you miss where i am coming from......i would not be interested in being a dev of bitcoin, because outside of it being a p2p currency, its extremely rare i like any aspect of it, be better devoting my time to a project i'd believe in.

yes you're saying if you don't like aspects of bitcoin, its opensource so fix it, i'm saying its not bitcoin i'm being critical of here, its people's blinked 'bitcoin is the greatest nothing can beat it' mindset i'm being critical of.

in fact i believe its a great possibility the bitcoin is extremely bad for the success of a true p2p currency. its almost more like an experiment to prove those who hate the bankers of the world become them when given the same power.

[Hazir]

i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

bitcoin seems to, over time, be drifting more into a centralised system, core dev team where so few as 5 completely control the code, backed by what has come to light time and time again a very questionable central organisation.

have VC with their little startups jumping on board left right and center, and we know their goals  , bitcoin's heading more and more like being the bank product it was meant to be an alternative to  

seems the only way to back bitcoin is keep your head it the sand and hope it'll all turn out good in the end........

Have you already found an alternative? Or it's just an concept/forecast by now?

well i think there is atleast one coin better the bitcoin, but this thread is more about the concept of looking elsewhere and not just being stuck in the bitcoin is best nothing could better it, mindset.

also having been behind the scenes in many a crypto, i've considered creating in my mind the ideal p2p currency, just many an issue i have with all current cryptos arent easy to solve.

So you asked us "Why bitcoin"? And I have another question for you. "If not the Bitcoin then what"? Are you telling us that the bitcoin is the dead end of evolution of cryptocurrency? Do you think we should abandon it and create some other coin now? Or do you think FIAT is enough and we don't need to bother ourselves with cryptocurrency at all?

well yes i kinda do get the feeling bitcoin is a dead end road, i like the idea of a decentralised p2p currency, definitely.

i think if you read up about bitcoin and the theories and the hype from the core crypto nerds and the would be new world bankers with vc backing, there's a bit of an initial wow, great concept.

then you try to use it, investigate a little more how it solves some of the problems it tries to address, then the sparkle goes a way.

i think fiat certainly aint the way forward, and the current system is kept alive because of the fear of what would happen (at this point in time) if the system failed.

i think we should certainly investigate better ways to solve many of the flaws in bitcoin.

the alt community should be doing this but the crypto faithful in it are too stuck in how bitcoin does it mindset, and have a tendency to further complicate the solutions, and the not so faithful flood it with get rich quick scamcoins.

So you admit it yourself that bitcoin is indeed the best option we could have for now. I can see that you are trying to say that FIATs are relicts of the past. Altcoins in general are distraction and wasting time for something what will probably fail in the long run or will be very hard to 'put through' (as great number of them failed already are in the process of failing). And our really one and only option is to focus on perfecting bitcoin...

[bitcool]

Bitcoin is a unique experiment testing decentralized trust and other aspects of human behavior in a community/society setting. Nothing else like this existed before.

[MicroGuy]

i've been around this community a few years and i still don't get why anyone would chose bitcoin.

Drug dealers, cyber hackers, underworld hoodlums, and anonymous fraudsters will always need an efficient way to exchange/ransom money.

Bitcoin does an excellent job at providing that niche medium of exchange.

[Hazir]

i've been around this community a few years and i still don't get why anyone would chose bitcoin.

Drug dealers, cyber hackers, underworld hoodlums, and anonymous fraudsters will always need an efficient way to exchange/ransom money.

Bitcoin does an excellent job at providing that niche medium of exchange.

You are trolling right? I have enough of people claiming that bitcoin is only good for fraudsters, robbers, kidnappers, hackers and other crime oriented professions. Bitcoin is just a tool, just like knife or gun. Do you think that every gun should be banned because some killer can use it for murder? Normal FIATs (paper money) are untraceable and hard to track as well...

[kelsey]

i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

bitcoin seems to, over time, be drifting more into a centralised system, core dev team where so few as 5 completely control the code, backed by what has come to light time and time again a very questionable central organisation.

have VC with their little startups jumping on board left right and center, and we know their goals  , bitcoin's heading more and more like being the bank product it was meant to be an alternative to  

seems the only way to back bitcoin is keep your head it the sand and hope it'll all turn out good in the end........

Have you already found an alternative? Or it's just an concept/forecast by now?

well i think there is atleast one coin better the bitcoin, but this thread is more about the concept of looking elsewhere and not just being stuck in the bitcoin is best nothing could better it, mindset.

also having been behind the scenes in many a crypto, i've considered creating in my mind the ideal p2p currency, just many an issue i have with all current cryptos arent easy to solve.

So you asked us "Why bitcoin"? And I have another question for you. "If not the Bitcoin then what"? Are you telling us that the bitcoin is the dead end of evolution of cryptocurrency? Do you think we should abandon it and create some other coin now? Or do you think FIAT is enough and we don't need to bother ourselves with cryptocurrency at all?

well yes i kinda do get the feeling bitcoin is a dead end road, i like the idea of a decentralised p2p currency, definitely.

i think if you read up about bitcoin and the theories and the hype from the core crypto nerds and the would be new world bankers with vc backing, there's a bit of an initial wow, great concept.

then you try to use it, investigate a little more how it solves some of the problems it tries to address, then the sparkle goes a way.

i think fiat certainly aint the way forward, and the current system is kept alive because of the fear of what would happen (at this point in time) if the system failed.

i think we should certainly investigate better ways to solve many of the flaws in bitcoin.

the alt community should be doing this but the crypto faithful in it are too stuck in how bitcoin does it mindset, and have a tendency to further complicate the solutions, and the not so faithful flood it with get rich quick scamcoins.

So you admit it yourself that bitcoin is indeed the best option we could have for now. I can see that you are trying to say that FIATs are relicts of the past. Altcoins in general are distraction and wasting time for something what will probably fail in the long run or will be very hard to 'put through' (as great number of them failed already are in the process of failing). And our really one and only option is to focus on perfecting bitcoin...

well you're interpreting what i am saying wrong. i'm know there alts that are better then bitcoin even as we speak, certainly they are not perfect but a few are certainly an improvement on bitcoin.

as i've been saying bitcoiners are too blinked in thinking bitcoin is the only way, so in essence, for p2p currencies to move closer to ideal its bitcoin that is the distraction, and the cryptocommunities obsession with this extremely flawed approach is bad for the future of alt currencies.


i'd certainly agree the alts section here is flooded with scams and crapcoins and thats a distraction as well.

[kelsey]

i've been around this community a few years and i still don't get why anyone would chose bitcoin.

Drug dealers, cyber hackers, underworld hoodlums, and anonymous fraudsters will always need an efficient way to exchange/ransom money.

Bitcoin does an excellent job at providing that niche medium of exchange.

You are trolling right? I have enough of people claiming that bitcoin is only good for fraudsters, robbers, kidnappers, hackers and other crime oriented professions. Bitcoin is just a tool, just like knife or gun. Do you think that every gun should be banned because some killer can use it for murder? Normal FIATs (paper money) are untraceable and hard to track as well...

as this threads about bitcoin v other p2p options (and not v fiat), microguy has a point. not saying other successful alt wouldn't equally be used similarly, but bitcoin does (whether erroneously or not) have a bad reputation for being associated with crime; which is certainly a barrier to further adoption.

[Q7]

Well i can't agree more on the centralization part. Even the mining has moved towards that. Hopefully when the block reward gets reduced something can change towards the positive side. It's either mining operation will start to scatter around as more of these big miners decided to stop operation or become even worse when it is controlled by a single entity that have access to cheap power supply. But anyway, regardless, at least with bitcoin around it is still holds slight advantage compared with fiat.

[WhatTheGox]

i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

bitcoin seems to, over time, be drifting more into a centralised system, core dev team where so few as 5 completely control the code, backed by what has come to light time and time again a very questionable central organisation.

have VC with their little startups jumping on board left right and center, and we know their goals  , bitcoin's heading more and more like being the bank product it was meant to be an alternative to  

seems the only way to back bitcoin is keep your head it the sand and hope it'll all turn out good in the end........

We can make such an extreme step in society to go from bank/gov money to the perfect p2p peoples money just like that.  People will gain back power in stages, bitcoin is a very large step as it is considering you can produce your own money via mining.

[BTC_Superman]

Bitcoin is more popular day by day and accept many companies, eCommerce, online stores. Then, why not Bitcoin?

[Kyraishi]

You could ask the same with facebook, why should someone use it instead of a different social network. The answer is simple facebook is the biggest social network with the most support worldwide. Bitcoin is like this the biggest crypto currency in the world, until a new crypto currency comes wich will have more support and more users than bitcoin we will still prefer bitcoin.

Yeah.....
about facebook, that is a bad example bro.
Facebook was funded by the NSA or the CIA, I don't remember which but it was money from a bank they control.

[Bit_Happy]

i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

bitcoin seems to, over time, be drifting more into a centralised system, core dev team where so few as 5 completely control the code, backed by what has come to light time and time again a very questionable central organisation.

have VC with their little startups jumping on board left right and center, and we know their goals  , bitcoin's heading more and more like being the bank product it was meant to be an alternative to  

seems the only way to back bitcoin is keep your head it the sand and hope it'll all turn out good in the end........

Bitcoin will remain my #1 option, unless a viable alt has a strong user-base and really good reasons to switch. At this time, there is no other leading contender.