Bitcoin Forum
November 11, 2024, 12:28:54 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What's the most popular use for Bitcoins?  (Read 992 times)
massimo (OP)
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
September 27, 2011, 03:02:41 PM
 #1

Just a random question, would you say the largest use of bitcoins is Silk Road, or are there other more popular uses i've never heard of?
BitLex
Hero Member
*****
Offline Offline

Activity: 532
Merit: 505


View Profile
September 27, 2011, 03:18:32 PM
 #2

more popular?  Cheesy
i have no idea, just can speak for myself,
using bitcoins now for about 1.5years to buy stuff, sell stuff, make donations, i NEVER used silkroad and my guess is, that this is true for the majority of bitcoin users.
i'd say i'm very familiar with bitcoin, but i haven't even seen the silkroad website, i only heard and read about it in the news.

it's so so easy to point at silkroad to say "see? it's only used for illegal stuff"

vanDeGraph
Newbie
*
Offline Offline

Activity: 12
Merit: 0



View Profile
September 27, 2011, 09:10:50 PM
 #3

Honestly, the largest use is probably still as an investment vehicle through the exchanges and the various funds here in the marketplace forum (bitpyramid, etc). There still aren't that many vendors bit it's getting better!
memvola
Hero Member
*****
Offline Offline

Activity: 938
Merit: 1002


View Profile
September 27, 2011, 09:54:37 PM
 #4

I've been actively using Bitcoin for about a year now, know about Silk Road (I tend to check it now and again to keep myself up to date), but it never appeared to me as being used by very many people. Granted though, it gained immense popularity after the "bad press" it caused, so I'm guessing it has a lot of active users nowadays.

Like others, I also guess Bitcoin is currently mostly being used for shuffling money between exchanges, investment vehicles, betting sites, etc. Uninteresting stuff. I don't think any of these is the majority use case though.

Looking at my wallet history, admittedly almost half the transactions are between me and pools/exchanges. The other half though, is pretty random. A few hundred coins for electronic equipment, another few hundred for services. A few transactions to/from friends. An unhealthy amount of donations. Very random purchases from the forum and auction sites.
Dairy
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
September 27, 2011, 10:07:58 PM
 #5

Quite a bit of it seems to be people just shuffling money around to various pools, etc. I get the feeling that using bitcoins to purchase things isn't the majority of use.
deslok
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250


It's all about the game, and how you play it


View Profile
September 27, 2011, 10:13:49 PM
 #6

Bitcoins can avoid high fees for international purchases as well as a degree of anonymity(if used properly) not afforded by credit cards. as such this makes them useful for unsavory or just embarasing purchases in addition to regular purchases of things such food, computer hardware, kitchen equipment and just about anything else

"If we don't hang together, by Heavens we shall hang separately." - Benjamin Franklin

If you found that funny or something i said useful i always appreciate spare change
1PczDQHfEj3dJgp6wN3CXPft1bGB23TzTM
BurntSnow
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250


GET IN - Smart Ticket Protocol - Live in market!


View Profile
September 28, 2011, 01:39:43 AM
 #7

Mostly, I just do it for fun. It's something I can do on the side. I don't get involved with the GPU mining, and mostly I get my Steam games from people here Tongue .


               ████
             ███  ███
           ████     ███
         ███  ███    ███
       ████     ███    ███
     ███  ███     ███    ███
   ████     ███     ███   ██
 ███  ███     █████████████████
███     ███     ███           ██
 ███      ███     ██          ██
   ███      ██████████      ███
     ███      ██████      ███
       ███      ██      ███
         ███          ███
           ███      ███
             ███  ███
               ████

GUTS
    ███
███
███
███
███
███
███
███
███
███
███
███
███
███
   
smart-ticket protocol for events
live product with market traction!
    ███
███
███
███
███
███
███
███
███
███
███
███
███
███
   
  BTC ANN
  WEBSITE
  BLOG
   
  SANDBOX
  WHITEPAPER
  BOUNTY
   
dark_silverstar
Member
**
Offline Offline

Activity: 76
Merit: 10



View Profile
September 28, 2011, 12:11:41 PM
 #8

probably investing to listed company on GLBSE
r4ndomdud3
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
September 28, 2011, 12:23:34 PM
 #9

I'm not that into BitCoins yet but I read a lot about it.
What I would want to use it for is as a payment method for my web shop, but for that I need to learn how to make it anonymous for my buyers and myself.

Don't want random people to be able to track how much I sell and/or to who I sell it.
BitcoinPorn
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500


Posts: 69


View Profile WWW
September 28, 2011, 12:26:58 PM
 #10

I think Bitcoins get taken and given as donations more than actual exchanges of goods or services.

Yeats
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
September 29, 2011, 04:25:42 AM
 #11

Yes we need to find a way to improve the quality of goods and services which use bitcoin.  More people would be persuaded to use the currency.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!