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Author Topic: Why do you use Bitcoins?  (Read 3509 times)
SexyVictory
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June 07, 2012, 09:25:51 AM
 #1

I do for silkroad! Cheesy
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Kazimir
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June 07, 2012, 10:45:00 AM
 #2

I'm in for the long term, because I believe Bitcoin will become a major worldwide currency, and I rather start adopting it now that bitcoins are still cheap.

1 BTC is essentially one 21millionth of the future world economy (at least the part that deals with bitcoins, which I expect to become quite a significant portion). I feel just fine having a few thousand units of that in my pocket.


In theory, there's no difference between theory and practice. In practice, there is.
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vlad1m1r
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June 07, 2012, 03:05:21 PM
 #3

On my seller page in the SR Forums I am often asked how I don't know people will use the Bitcoins I sell them for cash to buy illegal goods.

Like with physical money Bitcoins can be used to buy or sell anything whatsoever though of course there's a preference for illegal goods due to the fact purchases are hard to trace.

Having said that on the official Bitcoin website there are lists of over 50 legitimate businesses which sell legal products - anything from web design, to T-Shirts to gold ingots.

Personally I only buy Bitcoins to sell them again but I have also used them to buy and read some excellent e-books on various topics.

V.
BankTransfer
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June 08, 2012, 04:22:22 AM
 #4

I do it to make me feel good.
smyl
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June 08, 2012, 04:32:20 AM
 #5

I had a few decent GPU's laying around...

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Cookie_Monster
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June 08, 2012, 06:00:07 PM
 #6

I'm in it because I like the idea of an online currency with features like the possibility of anonymity and the decentralisation aspect.  I really hope it does well in the future, so far so good.
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June 08, 2012, 06:08:59 PM
 #7

its incredibly easy to understand and to use, for a computer geek like me. it's open source, it has a RPC, its easy modifiable.
and i own bitcoins i have, and its up to me to protect them, and how to do so.
bank are just technically shit compared to bitcoin.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
Rockefoten
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June 08, 2012, 06:26:24 PM
 #8

I initially intented to hoard some coins for the future...but then I discovered GLBSE, and the dormant gambler in me suddenly awoke...the potential returns are huge...but I guess so are the risks!  Smiley
Anyway, I guess my coins are doing more good for the growth of Bitcoin as investment in Bitcoin enterprises than sitting idle on my off-line wallet.
bremer-btc-user
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June 08, 2012, 08:02:52 PM
 #9

I'm in it because i Think it's probably the most fair monetary sytem in existance (though there are better ones thinkable). I own what i have, no government manipulations possible (i.e. steal my savings by inflation...)

Though I made some bad expieriences according security breaches of mt. gox or the latest issue with bitcoinica I'm trusting in the concept of bitcoin and hope many businesses will come to existence wich are serious and trustworthy.

I invested some coins in mining-bonds at glbse wich returns a nice revenue each week.

a part af my coins are stored offline in paper-wallet an I'll try to purchase further ammonts of bitcoins by buying them on exchanges.

I hope that in a not so far future bitcoin will find it's way in everyday businesses....

the most exiting question at this moment for me is: how will the btc-economy react when mining revenues will go down to 50 % the first time (probablyin less than 7 months...)


„Würden die Menschen das Geldsystem verstehen, hätten wir eine Revolution noch vor morgen früh.“

Henry Ford
rhino56
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June 08, 2012, 09:12:37 PM
 #10

i haven't been able to use any yet as the nearest bank to buy any is 49 miles from me Sad i been reading here a lot and trying to find alternatives to getting them, free coin sites and mining but i haven't been able to get my miner working. i don't really need to buy anything, i just like that they have value and i can keep working at getting a ton of them. Smiley
ZodiacDragon84
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June 08, 2012, 09:15:39 PM
 #11

I use them because I believe they will be more stable than fiat in the coming years. All one has to do is look at financial situations in the U.S. an E.U. and wonder who is next.

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muratw01
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June 09, 2012, 02:38:55 PM
 #12

I like everything new.
ludo0777
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June 09, 2012, 04:47:41 PM
 #13

I (will) use them to buy things like gold!

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vssa
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June 09, 2012, 05:06:11 PM
 #14

I like freedom  Smiley Smiley Smiley

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John (John K.)
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June 09, 2012, 05:18:13 PM
 #15

I like freedom  Smiley Smiley Smiley

Actually, that's one of the main reason I started Bitcoin-ing.

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Rugatu
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June 09, 2012, 05:22:54 PM
 #16

Because they enable micro-payments for everyone. Rugatu.com would not be possible without bitcoin Smiley

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RandomSeller
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June 09, 2012, 06:19:27 PM
 #17

The currency is just plain awesomeness.
Though I understand there's quite a few scammers and stealers. If only the coins had some sort of chargeback feature.
teknomunk
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June 10, 2012, 01:14:13 AM
 #18

I like bitcoin because of the lack of a feature like chargeback, the inability of any party to change the rules without pretty much everybody accepting them, and the set inflation rate and cap.

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cyberagorist
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June 10, 2012, 09:47:51 AM
 #19

I like freedom  Smiley Smiley Smiley
I do not really use them (I have only tested them), but this is the main reason to support it.

Actually I think that for a future system the currency question is no longer relevant. With fast, and almost commission-free electronic exchange systems, it doesn't matte what is used as the currency - you can exchange immediately your personal "currency" (which would be reasonably based on obligations to give you real values) into whatever is used for exchange.

But if it is bitcoins, that would be fine. 
riclas
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June 10, 2012, 11:45:02 AM
 #20

I'm in for the long term, because I believe Bitcoin will become a major worldwide currency, and I rather start adopting it now that bitcoins are still cheap.

1 BTC is essentially one 21millionth of the future world economy (at least the part that deals with bitcoins, which I expect to become quite a significant portion). I feel just fine having a few thousand units of that in my pocket.



QFT Smiley

Buy and sell bitcoins through Portuguese or SEPA bank transfer and MBWAY: https://localbitcoins.com/accounts/profile/riclas/?ch=4mm6
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