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Question: Are You a Bitcoin Believer?
Yes, Bitcoin is the future - 57 (80.3%)
No, I'm just here while it's hot - 12 (16.9%)
It's a Ponzi scheme! - 2 (2.8%)
Total Voters: 71

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Author Topic: Bitcoin: Believer, or not  (Read 2179 times)
Operatr
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April 22, 2013, 05:40:51 AM
 #1

Just a simple question, are you a Bitcoin believer, or just a tourist as long as the mass media isn't making an uninformed spectacle of itself.

Whichever you are, post your reasons either way.

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April 22, 2013, 05:44:19 AM
 #2

The Pandora's box has been opened.  It's never going away Grin

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April 22, 2013, 05:50:10 AM
 #3

Bitcoin might, but cryptocurrencies are here to stay.

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April 22, 2013, 06:58:07 AM
 #4

I'm here because this is an other interesting forum with lot of crazy people...


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April 22, 2013, 07:25:32 AM
 #5

Bitcoin won't replace fiat currencies for day to day transactions but in certain markets, for example remittances to countries with exchange controls or with unstable financial institutions, its the best currency out there. Once we get closer to 21 million mined and the value of Bitcoin stops bouncing around, the currency will find its own niche and my guess is that each Bitcoin will be worth several thousand pounds.

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April 22, 2013, 11:03:25 AM
 #6

Bitcoin might, but cryptocurrencies are here to stay.

+1

I would not call myself "believer", but I think at least the concept of CC's is truly revolutionary and is here to stay for my lifetime.
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April 22, 2013, 01:18:30 PM
 #7

Where can I buy some duck calls with my bitcoin?
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April 22, 2013, 11:47:18 PM
 #8

Bitcoin won't replace fiat currencies for day to day transactions but in certain markets.

Every time I see this, it's never followed up with an argument.
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April 23, 2013, 12:25:03 AM
 #9

Bitcoin won't replace fiat currencies for day to day transactions but in certain markets.

Every time I see this, it's never followed up with an argument.
Here's the argument: It requires significant infrastructure before it can be used in the place of cash. That is a barrier to some markets. This is why I prefer bullion for face to face transactions.

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April 23, 2013, 01:09:19 AM
 #10

Bitcoin won't replace fiat currencies for day to day transactions but in certain markets.

Every time I see this, it's never followed up with an argument.
Here's the argument: It requires significant infrastructure before it can be used in the place of cash. That is a barrier to some markets. This is why I prefer bullion for face to face transactions.

I'm a fan of cryptocurrencies. But why not just use bitcoins online and cash when I need to buy some lunch?  Roll Eyes

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myrkul
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April 23, 2013, 01:18:54 AM
 #11

Bitcoin won't replace fiat currencies for day to day transactions but in certain markets.

Every time I see this, it's never followed up with an argument.
Here's the argument: It requires significant infrastructure before it can be used in the place of cash. That is a barrier to some markets. This is why I prefer bullion for face to face transactions.

I'm a fan of cryptocurrencies. But why not just use bitcoins online and cash when I need to buy some lunch?  Roll Eyes
Fiat sucks, that's why. Unless by "cash," you meant a commodity-backed currency, like the dollar used to be?

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April 23, 2013, 07:28:03 AM
 #12

Bitcoin is a potential means of ending the business cycle and all of the poverty, misery, and death that it causes.  For this reason, I am serious about promoting Bitcoin.  When the price goes up, I cheer, not because I own a lot of BTC (I don't), but because it is one measure of mankind's escape from business cycle currencies into safe currency and a bright future.

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April 23, 2013, 08:01:20 AM
 #13

I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

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April 23, 2013, 06:24:10 PM
 #14

I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

How are they doing that??

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April 23, 2013, 06:25:21 PM
 #15

I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

How are they doing that??
I think he means the pump-and-dump attempts.

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April 23, 2013, 08:23:38 PM
 #16

I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

How are they doing that??
I think he means the pump-and-dump attempts.

I wish people would call it all "Nigerian scamming attempts." It's no more accurate than the ponzi claims, but it at least sounds amusing.

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April 23, 2013, 08:30:14 PM
 #17

I'm a believer, but the number of people actively trying to turn Bitcoin into a ponzi scheme is starting to wear on me.

How are they doing that??
I think he means the pump-and-dump attempts.

I wish people would call it all "Nigerian scamming attempts." It's no more accurate than the ponzi claims, but it at least sounds amusing.
I saw a thread claiming there actually were Nigerian bitcoin scams, though I don't know how much credibility to assign it. And remember that site that would let you buy all 21 million coins?

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April 24, 2013, 04:17:22 PM
 #18

im a believer in crypto currencies not bitcoin, it has to many ills. momentum means nothing just look at an avalanche it too has momentum then look at the devastation it leaves behind when it comes to an hold. until the beginning of the year bitcoin was doing fine.
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April 24, 2013, 04:21:04 PM
 #19

im a believer in crypto currencies not bitcoin, it has to many ills. momentum means nothing just look at an avalanche it too has momentum then look at the devastation it leaves behind when it comes to an hold. until the beginning of the year bitcoin was doing fine.

Yeah, but everyone who rides the avalanche ends up with so wealthy with so much snow and water!

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April 24, 2013, 04:26:22 PM
 #20

Let's all vote Ponzi, cause the price dive and stock up.

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