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Author Topic: Do you like bitcoin, what's your reason?  (Read 5171 times)
marcovaldo
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September 28, 2013, 01:02:25 PM
 #41

I like bitcoins to speculate, but I am not sure that it will be a good currency.



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nobbynobbynoob
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September 28, 2013, 01:49:49 PM
 #42

I like bitcoins to speculate, but I am not sure that it will be a good currency.

Whether or not it is adopted directly or indirectly by the masses, bitcoin is one of the best moneys the world has ever witnessed: it's arguably (almost) as good as, and regarding portability, superior to, gold or silver. (I discount altcoins for this purpose because Bitcoin is the innovator, the first mover, whereas the others are copycats or semi-copycats.)

If Bitcoin should fail, the one good thing that will come from that (barring Armageddon scenario of course) is that it will be replaced by something even better.

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September 29, 2013, 11:05:20 PM
 #43

Bitcoin is what currency should be - pure, transparent, for the people, by the people, and only as valuable as it is useful.

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jeffhuys
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September 30, 2013, 12:54:53 AM
 #44

It's just awesome to be able to earn, spend, transfer money from my desk, around the world. I can make bitcoin in my spare time, it's awesome.

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September 30, 2013, 06:46:19 AM
 #45

Bitcoin is what currency should be - pure, transparent, for the people, by the people, and only as valuable as it is useful.


As every currency, it is only worth what everyone think it is.
So, tomorrow it might be worth nothing.


That said, what makes you think that bitcoin is "pure" and "transparent"?

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September 30, 2013, 04:30:48 PM
 #46

Well I would guess pure meaning no middle man, and transparent meaning open source............
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September 30, 2013, 04:46:42 PM
 #47

I love bitcoin because 2 time I lost my password and both time I lost my all payment its great work and first time happen to me like this  Cheesy

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September 30, 2013, 04:53:09 PM
 #48

I love bitcoin because 2 time I lost my password and both time I lost my all payment its great work and first time happen to me like this  Cheesy

Hey bro, some people just aren't smart enough to handle their own money, or they do not take enough precautions, for these types they are better off sticking with their centralized controlled fiat Smiley

Bitcoins are for big boy's only

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September 30, 2013, 04:56:42 PM
 #49

I love bitcoin because 2 time I lost my password and both time I lost my all payment its great work and first time happen to me like this  Cheesy

Hey bro, some people just aren't smart enough to handle their own money, or they do not take enough precautions, for these types they are better off sticking with their centralized controlled fiat Smiley

Bitcoins are for big boy's only



agree but now peoples going to manage this all and hope very soon we have many big boy's and all must enjoy this

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October 07, 2013, 12:32:23 PM
 #50

Simply put, it cannot be taken away by the powers that be

Tell pirate/knight that.

His statement stands, they can only take paper BTC or BTC converted to fiat (or simply fiat)

Tell DPR that.

zachcope
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October 07, 2013, 03:01:15 PM
 #51

It's a beautiful concept that marks the true start of the 21st century.

BTC

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October 07, 2013, 04:01:22 PM
 #52

I have tried some ecurrenies like paypal, LR but there are many rules and fees.

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October 07, 2013, 05:19:46 PM
 #53

I like bitcoin because of its elegant solution to the most important problems of current monetary systems.


ya.ya.yo!
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October 07, 2013, 06:00:20 PM
 #54

The idea behind bitcoin is simply genius. I like being a part of an on going experiment of decentralized currency. I hope to look back one day and be able to say I was a member of the bitcoin community when it was only worth $5 (kind of already happening). My libertarian tendencies also agree with the entire concept of bitcoin as well.

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October 07, 2013, 06:12:59 PM
 #55

There is TONS of reasons why bitcoin is so great but most of all: Freedom

This is it ^^ I mean put a price on Freedom!


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cowandtea
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October 08, 2013, 06:38:33 AM
 #56

I have tried some ecurrenies like paypal, LR but there are many rules and fees.

But bitcoins do charge a fee too when I send out the money. Am I doing this wrong?

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October 09, 2013, 07:49:22 PM
 #57

Resistance to inflation because of the cap, ease of transfer of wealth. It's the future of money!

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October 10, 2013, 04:47:03 PM
 #58

I have tried some ecurrenies like paypal, LR but there are many rules and fees.

But bitcoins do charge a fee too when I send out the money. Am I doing this wrong?

The minimum fee is an anti-spam measure. IIRC, any small transaction (under 1K?) that is at least one "bitcoin-day" old can be sent for free.

A "bitcoin-day" is 1 BTC-to-144 blocks.

So if you have a one-bitcoin output, and it's been sitting in your wallet for 144 blocks, you can send it for free.

If you have a 2-bitcoin output, and it's been sitting in your wallet for 72 blocks, it's likewise free to send.

And if you have a 0.1 BTC output, it's going to take 1440 blocks of confirmation (roughly 6-7 days, considering our current hash rate growth) before it can be sent for free.

So if you're accumulating small amounts of BTC from a lot of transactions, and trying to spend them relatively quickly, then yes, you'll likely have to pay fees to get the transactions into a block (you might be able to do some transaction-voodoo to send the coins for free, and get lucky and have the transactions wind up being confirmed, but that's asking for trouble--we're talking unsynced wallets and coins "stuck in limbo" trouble.)

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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October 10, 2013, 07:24:46 PM
 #59

It's legal, it's not taxed, and I can do anything I want with it. And the value will keep going up.
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October 12, 2013, 12:40:50 AM
 #60

It's legal, it's not taxed, and I can do anything I want with it. And the value will keep going up.

The bolded part is likely but not certain (I'm bullish, however).

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