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Question: Why are you interested in Bitcoin?
I like the concept - 41 (18%)
To get rich - 20 (8.8%)
Both - 161 (70.6%)
Other - 6 (2.6%)
Total Voters: 228

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Author Topic: Are you interested in Bitcoin because of the concept or to get rich?  (Read 9596 times)
Swordsoffreedom
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August 28, 2014, 05:17:07 AM
 #41

Do you understand the whole point of Bitcoin and what it does for the world? Or are you just hearing about early adopters making a lot of money and you want to buy some bitcoins now so you can sell it later for more money and go back to your fiat world a richer person (though poorer in the long run for living in a fiat economy)?

Both but since I noticed this was targeted more to newbies
I did read the whitepaper and I loved it since it addressed financial questions of how to use the internet to transmit units of value simply efficiently and at low cost without needing to pay processing fees for the security part.
Built in crytography and part of the new digital economy it resonated with me.

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August 28, 2014, 05:18:23 AM
 #42

Im here for both. I think that in near future we will go with us CRYPTO CREDIT CARD and we will pay in all day stuff.

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August 28, 2014, 06:32:15 AM
 #43

Let us not lie to each other. We are all here to make money.

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August 28, 2014, 10:48:39 AM
 #44

I agree with most of the comments, offcourse for the money.
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August 28, 2014, 12:25:27 PM
 #45

i like the concept, the ideology, the tech and because of all these things, also the investment in it.

i read the whitepaper and alot of satoshis posts.

What Satoshi posts.. Have any links to share?


His posts can be found here: https://bitcointalk.org/index.php?action=profile;u=3

The Whitepaper here: https://bitcoin.org/bitcoin.pdf
fryarminer
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August 28, 2014, 12:30:21 PM
 #46

I have a new challenge instead of the ice bucket challenge, I challenge someone to start implementing some of my ideas across the world to make it a better place for everyone since I feel everyone I talk to in real life just thinks that I am crazy when I talk about this stuff because I am poor and do not own a suit or some fancy piece paper that shows I went to some fancy school.

1. Make all police wear cameras (this can help them in court for there cases they should want this if they are decent officers)

2. Make a system to Vote on issues instead of, voting on people to vote for you then having them be bought out by a rich evil family's

3. I know this one is hard but bitcoin has brought us much closer to it, end fiat as we know it and make a currency that is fair and secure that cannot be bought out by the fiat whales, Perhaps get the united nations on board with a new currency that everyone mines from birth using the health cards,dna,fingerprint or something and everyone gets a certain amount and biased off your own personal GDP. I have many ideas on how to make this work and not only the people but the bankers should hear it out why not make the system fair? the whole system!


3 would never work, as long as there is greed and vice in humans. Even if you tried to do this, it would just slow down the natural course of events. If you have any reason to disagree, just look at the insanity of difficulty and hash rate vs value of BTC.


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August 28, 2014, 12:45:56 PM
 #47

If by money you mean BTC then both.  Roll Eyes

I think poorer bitcoiners are more likely to focus on fiat profits though.
MightyBTC
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August 28, 2014, 07:22:21 PM
 #48

I notice that most new users are here looking for ways to get rich off of Bitcoin. It's like Steve Jobs and his buddies created the personal computer, took all the risk and got the company running, started making big money and now people are buying the computer and sitting in front of it waiting for it to make them rich too.

Have you read the white paper?

https://bitcoin.org/bitcoin.pdf

Do you understand the whole point of Bitcoin and what it does for the world? Or are you just hearing about early adopters making a lot of money and you want to buy some bitcoins now so you can sell it later for more money and go back to your fiat world a richer person (though poorer in the long run for living in a fiat economy)?
The interesting thing for me to get involved in bitcoin is,firstly I am a tech freak and I like to follow up ongoing and upcoming technology.There is no point of following bitcoin as in the trend now unless you spend some real shit on it.Secondly the core concept of bitcoin is so addictive and
un-resistible,we could adopt it for our own good developing a whole new thing to mend the way we handle payments for the own good of our society and people.
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August 28, 2014, 08:19:35 PM
 #49

I have a new challenge instead of the ice bucket challenge, I challenge someone to start implementing some of my ideas across the world to make it a better place for everyone since I feel everyone I talk to in real life just thinks that I am crazy when I talk about this stuff because I am poor and do not own a suit or some fancy piece paper that shows I went to some fancy school.

1. Make all police wear cameras (this can help them in court for there cases they should want this if they are decent officers)

2. Make a system to Vote on issues instead of, voting on people to vote for you then having them be bought out by a rich evil family's

3. I know this one is hard but bitcoin has brought us much closer to it, end fiat as we know it and make a currency that is fair and secure that cannot be bought out by the fiat whales, Perhaps get the united nations on board with a new currency that everyone mines from birth using the health cards,dna,fingerprint or something and everyone gets a certain amount and biased off your own personal GDP. I have many ideas on how to make this work and not only the people but the bankers should hear it out why not make the system fair? the whole system!

#1 is actually problematic, as nice as it sounds as a solution to accusations of police misconduct. For example, presumably the whole point of making them wear cameras would be so the public would have unfettered access to the recordings. But how comfortable would you be with the idea of police cameras always running when they respond to a domestic disturbance call (or a reported burglary, etc.) and are walking around inside a private residence, for example? That would create a huge invasion of privacy issue for a lot of people.
(That said, I do support measured improvements in mandating police cameras in many cases, so long as we think it through well.)

#2 was rightly denounced as "mob rule" and universally rejected by the American founding fathers. The mob is fickle, overbearing and inconsistent and letting it make policy decisions would be a bloody disaster (literally). As Benjamin Martin put it in the movie The Patriot, "Why should I trade one tyrant 3,000 miles away for 3,000 tyrants one mile away?"

#3 here you suggest everyone be given money for just existing. Bad idea. Quite apart from all the corruption issues with the government in charge of handing out identity cards and so forth*, you would kill the link between working hard (and taking risks) and being rewarded for it. This basic principle for a healthy economy is already under ferocious attack by socialists the world over, and the results are apparent in the stagnating economy.

*For example, just as the dead often vote in some places, you'd find fake "baby booms" of fraudulent births recorded to generate illicit income, and dissenters to the government would be threatened with loss of income by withholding identity papers and so forth. My four children were all born outside of institutionalized medicine, thanks to some very courageous midwives, and we had enough hassles getting birth certificates and so forth as it was. Though I think our county clerk's office has seen enough of us now that #5 would be less of an issue.

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August 28, 2014, 10:08:04 PM
 #50

I support bitcoin because of the efficiency it will generate. As income will be easy to hide, the states will have to adapt their complex tax codes to simpler ones based on assets. All contract law specialists, record keeping monkeys, asset ownership procedures and the like will be wiped out and their functions re-written. You wil not need stock, forex, bonds brokers firms. States will not be able to dictate what you can buy or if you want to gamble.

I want to be right. And rich
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August 28, 2014, 10:41:55 PM
 #51

 Grin
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August 28, 2014, 10:45:37 PM
 #52

When I started I was very interested how Bitcoin really work, figuring how to use secure paper wallets was fun, now I mostly accumulating the coins, and yes I thinking once in week or so I have x coins which mean x USD at current exchange rates, just like the gold bars I have. And yes, I wish both the Bitcoin and gold price to be higher, I believe it is normal human behaviour  Smiley
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August 28, 2014, 11:53:00 PM
 #53

EVERYONE wants to get rich, unless you are a special person. That doesnt mean you arent interesting in the revolutionary tech.
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August 29, 2014, 05:15:04 AM
 #54

I support bitcoin because of the efficiency it will generate. As income will be easy to hide, the states will have to adapt their complex tax codes to simpler ones based on assets. All contract law specialists, record keeping monkeys, asset ownership procedures and the like will be wiped out and their functions re-written. You wil not need stock, forex, bonds brokers firms. States will not be able to dictate what you can buy or if you want to gamble.

I want to be right. And rich

Good for taxes yes. Easy to use and easy to hide.


EVERYONE wants to get rich, unless you are a special person. That doesnt mean you arent interesting in the revolutionary tech.

Yea everyone but here they want very fast. I look this ass future way of paying so i collect ass much ass I can some i spend some invest and some just keeping and hopping like all here to BTC goes sky high.



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September 02, 2014, 02:39:37 PM
 #55

Both, but mainly because of the concept. If Bitcoin was used by everyone, it would create so much prosperity (because of the enormous advantages over fiat), that even non holders would be much richer.
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September 02, 2014, 03:21:03 PM
 #56

What about businesses and online retailers though?  What do you think their thoughts are?   More so new customer traction due to bitcoin?   hoarding coins?  to gain more profit for product sales?
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September 03, 2014, 09:38:10 AM
 #57

What about businesses and online retailers though?  What do you think their thoughts are?   More so new customer traction due to bitcoin?   hoarding coins?  to gain more profit for product sales?

What do you mean? For businesses bitcoins are fantastic, as they can't get scammed and they don't have to pay any fees for accepting them. They don't lose anything for offering customers to pay with them.
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September 03, 2014, 10:10:05 AM
 #58

What about businesses and online retailers though?  What do you think their thoughts are?   More so new customer traction due to bitcoin?   hoarding coins?  to gain more profit for product sales?

What do you mean? For businesses bitcoins are fantastic, as they can't get scammed and they don't have to pay any fees for accepting them. They don't lose anything for offering customers to pay with them.
Unfortunately 90% of businesses accepting Bitcoin are doing it for the publicity
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September 03, 2014, 10:11:45 AM
 #59

The idea of anonymity was the one that attracted me. Cool Cool

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September 03, 2014, 10:15:15 AM
 #60

I'm just going to hold my bitcoin until it reaches $1m.

Then I could retire on my own


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