Why are we seen as "early adopters"?

[NotLambchop]

^
As I remember it, no one laughed and pointed fingers at the internet.  The fingerpointing that took place was focused on the .com bubble.  It eventually proved justified.

Regardless, you seem to be saying here the gist of your internet analogy is "we are early adopters."  If Bitcoin takes the path of the internet, you would be proven correct.
If, OTOH, it follows the course of BTCeanie BTCabies, I'm afraid that people who discovered Bitcoin after 2013 are late to the party

This Beanie Babies comparison is getting old, just like the Tulips one.

The internet comparison, OTOH, just gets funnier with each time I hear it.

Beanie Babies were just useless collectible toys, Bitcoin on the other hand makes it possible to move money around without friction and almost non-existent fees and removes the middleman in transactions.

Only if you don't understand BTCeanie BTCabies.
BTCeanie BTCabies are a store of value, precious due to their limited supply.  As more and more people discover BTCeanie BTCabies, the demand for BTCeanies will increase, while the supply will not.  Ergo, higher BTCeanie BTCabies price, because supply and demand.*

BTCeanie BTCabies can not be be transacted with.

BTCeanie BTCabies are a store of value, not a means of exchange.  Currently the majority of BTCeanie BTCabies transactions, as is the case with the majority of Bitcoin transactions, are accomplished by converting BTCeanie BTCabies to fiat.

BTCeanie BTCabies supply is controlled by a centralized entity.

Bitcoin is getting there.  The supply is controlled by a cabal of devs with commit privileges and a handful of pools/megamines.

BTCeanie BTCabies are not fungible

Bitcoin is not soft and cuddly, what's your point?

BTCeanie BTCabies are not durable

BTCeanie BTCabies existed since the 90s.  Bitcoin has been around how long?  

BTCeanie BTCabies are not divisible

BTCeanie BTCabies are a store of value, not a currency.  No need for divisibility.

BTCeanie BTCabies are hardly verifiable

Only if you don't know BTCeanie BTCabies.  Experts can tell.  Much easier to become a BTCeanie BTCabies expert than to learn how to use Bitcoin without getting owned--this forum stands as a testament to that.

Of course, BTCeanie BTCabies have many desirable qualities that Bitcoin doesn't have.  For instance, they do not require the internet or a computer, making them much more valuable in the armageddon scenarios preppers/libers like to harp on as Bitcoin's endgame.
Oh, and BTCeanie BTCabies are soft.  Is Bitcoin soft?  Checkmate!

But I honestly don't understand how the [alleged] differences you've listed invalidate the quoted post.

[sniveling]

BTCeanie BTCabies are not durable

BTCeanie BTCabies existed since the 90s.  Bitcoin has been around how long?  

How many BTCeanie BTCabies were shoved in a cupboard in the 90s and pulled out years later covered in mold and damp? Bitcoin does not go moldy and damp so it's more durable. Nobody will pay top price for a moldy, damp BTCeanie BTCaby that smells.

[NotLambchop]

...
How many BTCeanie BTCabies were shoved in a cupboard in the 90s and pulled out years later covered in mold and damp? Bitcoin does not go moldy and damp so it's more durable. Nobody will pay top price for a moldy, damp BTCeanie BTCaby that smells.

And how many private keys were lost, how many HDs with wallets on them trashed, how many Bitcoin boxen hax0rd?
How many BTCeanie BTCabies were lost when the biggest BTCeanie BTCabies exchange collapsed, huh?
Just like Bitcoin, BTCeanie BTCabies must be treated expertly, with love.  Yeah

[brg444]

BTCeanie BTCabies are a store of value, not a means of exchange.  Currently the majority of BTCeanie BTCabies transactions, as is the case with the majority of Bitcoin transactions, are accomplished by converting BTCeanie BTCabies to fiat.

BTCeanie BTCabies do not qualify as store of value because they lack the following qualities:

Bitcoin is getting there.  The supply is controlled by a cabal of devs with commit privileges and a handful of pools/megamines.

A change to the supply required unanimous consensus of the nodes. No "cabal of devs" and centralized miners can force their hands.

BTCeanie BTCabies are not durable

BTCeanie BTCabies existed since the 90s.  Bitcoin has been around how long?  

Durability, not longevity.

Beanie babies can wear down and decay with time. Not a very good store of value

BTCeanie BTCabies are hardly verifiable

Only if you don't know BTCeanie BTCabies.  Experts can tell.  Much easier to become a BTCeanie BTCabies expert than to learn how to use Bitcoin without getting owned--this forum stands as a testament to that.

No need to become an expert to verify legitimacy of Bitcoin. Just check the blockchain.

Of course BTCeanie BTCabies have many desirable qualities that Bitcoin doesn't have.  For instance, they do not require the internet or a computer, making them much more valuable in the armageddon scenarios preppers/libers like to harp on as Bitcoin's endgame.
Oh, and BTCeanie BTCabies are soft.  Is Bitcoin soft?  Checkmate!

In an armageddon scenario no one will care for your BTCeanie BTCabies if they can't eat them. No one needs a store of value during an armageddon.

[Nagle]

And how many private keys were lost, how many HDs with wallets on them trashed, how many Bitcoin boxen hax0rd?

A huge number of Bitcoins were created in the early days and never seen again.

[brg444]

...
How many BTCeanie BTCabies were shoved in a cupboard in the 90s and pulled out years later covered in mold and damp? Bitcoin does not go moldy and damp so it's more durable. Nobody will pay top price for a moldy, damp BTCeanie BTCaby that smells.

And how many private keys were lost, how many HDs with wallets on them trashed, how many Bitcoin boxen hax0rd?
How many BTCeanie BTCabies were lost when the biggest BTCeanie BTCabies exchange collapsed, huh?
Just like Bitcoin, BTCeanie BTCabies must be treated expertly, with love.  Yeah

All of those are user specific malfunctions and not inherent to BTC.

Cases[edit]
Authorities cracked down on counterfeit Beanie Babies in the late 1990s with some prosecuted for involvement in their commerce. In 1998, English authorities seized more than 6000 Princesses and Britannias.[13] In 1999, a Minnesota man was imprisoned, fined, and put on probation for involvement in smuggling counterfeit beanies.[14]

http://en.wikipedia.org/wiki/Beanie_Babies

Counterfeiting : impossible with Bitcoin

[NotLambchop]

BTCeanie BTCabies are a store of value, not a means of exchange.  Currently the majority of BTCeanie BTCabies transactions, as is the case with the majority of Bitcoin transactions, are accomplished by converting BTCeanie BTCabies to fiat.

BTCeanie BTCabies do not qualify as store of value because they lack the following qualities:

You clearly don't understand what "store of value" is.  Suffice it to say it's not a binary value.  If you would like to learn more, start here:  http://en.wikipedia.org/wiki/Store_of_value

...


Durability, not longevity.

Beanie babies can wear down and decay with time. Not a very good store of value...

Longevity is a defining quality of durability.

[NotLambchop]

And how many private keys were lost, how many HDs with wallets on them trashed, how many Bitcoin boxen hax0rd?

A huge number of Bitcoins were created in the early days and never seen again.

Good point.

[NotLambchop]

...
How many BTCeanie BTCabies were shoved in a cupboard in the 90s and pulled out years later covered in mold and damp? Bitcoin does not go moldy and damp so it's more durable. Nobody will pay top price for a moldy, damp BTCeanie BTCaby that smells.

And how many private keys were lost, how many HDs with wallets on them trashed, how many Bitcoin boxen hax0rd?
How many BTCeanie BTCabies were lost when the biggest BTCeanie BTCabies exchange collapsed, huh?
Just like Bitcoin, BTCeanie BTCabies must be treated expertly, with love.  Yeah

All of those are user specific malfunctions and not inherent to BTC.

They're inherent to Bitcoin.  You lose the private key, and it's gone.  Why does this even need to be stated?

Cases[edit]
Authorities cracked down on counterfeit Beanie Babies in the late 1990s with some prosecuted for involvement in their commerce. In 1998, English authorities seized more than 6000 Princesses and Britannias.[13] In 1999, a Minnesota man was imprisoned, fined, and put on probation for involvement in smuggling counterfeit beanies.[14]

http://en.wikipedia.org/wiki/Beanie_Babies

Counterfeiting : impossible with Bitcoin

But that's a moot point when an average Bitcoin user is easily parted from his coin by any Nigerian prince with a laptop
No intelligent and attentive BTCeanie BTCabier could have fallen for forged BTCeanie BTCabies.
Just like no intelligent and attentive Bitcoiner would have lost coin on web wallets or on an amusingly-named exchange.

[JimboToronto]

And how many private keys were lost, how many HDs with wallets on them trashed, how many Bitcoin boxen hax0rd?

A huge number of Bitcoins were created in the early days and never seen again.

"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone." -Satoshi Nakamoto

[NotLambchop]

...
"Lost BTCeanie BTCabies only make everyone else’s BTCeanie BTCabies worth slightly more. Think of it as a donation to everyone." -Satoshi Nakamoto

FTFY

[inca]

The early adopters embraced Bitcoin 5-6 years ago.

People adopting it now, are among the last few thousands to ever adopt it.

Why are you here then?

[brg444]

BTCeanie BTCabies are a store of value, not a means of exchange.  Currently the majority of BTCeanie BTCabies transactions, as is the case with the majority of Bitcoin transactions, are accomplished by converting BTCeanie BTCabies to fiat.

BTCeanie BTCabies do not qualify as store of value because they lack the following qualities:

You clearly don't understand what "store of value" is.  Suffice it to say it's not a binary value.  If you would like to learn more, start here:  http://en.wikipedia.org/wiki/Store_of_value

...


Durability, not longevity.

Beanie babies can wear down and decay with time. Not a very good store of value...

Longevity is a defining quality of durability.

du·ra·bil·i·ty
ˌd(y)o͝orəˈbilədē/
noun
the ability to withstand wear, pressure, or damage.
"the reliability and durability of plastics"

Durability is the ability to endure. It can refer to:

Durable goods, goods with a long usable life in economics.

Dust resistant
Fire resistant
Rot-proof
Rustproof
Thermal resistant
Impact resistant
Waterproof

Are BTCeanie BTCabies, like Bitcoin :

Dust resistant
Fire resistant
Rot-proof
Rustproof
Thermal resistant
Impact resistant
Waterproof

[brg444]

...
How many BTCeanie BTCabies were shoved in a cupboard in the 90s and pulled out years later covered in mold and damp? Bitcoin does not go moldy and damp so it's more durable. Nobody will pay top price for a moldy, damp BTCeanie BTCaby that smells.

And how many private keys were lost, how many HDs with wallets on them trashed, how many Bitcoin boxen hax0rd?
How many BTCeanie BTCabies were lost when the biggest BTCeanie BTCabies exchange collapsed, huh?
Just like Bitcoin, BTCeanie BTCabies must be treated expertly, with love.  Yeah

All of those are user specific malfunctions and not inherent to BTC.

They're inherent to Bitcoin.  You lose the private key, and it's gone.  Why does this even need to be stated?

Beanie Babies can deteriorate independent of the actions of its owner. Bitcoins can never deteriorate. Sure the owner can lose its private key but that is entirely dependent on them. Any store of value can be lost, misplaced, misused or stolen.

Cases[edit]
Authorities cracked down on counterfeit Beanie Babies in the late 1990s with some prosecuted for involvement in their commerce. In 1998, English authorities seized more than 6000 Princesses and Britannias.[13] In 1999, a Minnesota man was imprisoned, fined, and put on probation for involvement in smuggling counterfeit beanies.[14]

http://en.wikipedia.org/wiki/Beanie_Babies

Counterfeiting : impossible with Bitcoin

But that's a moot point when an average Bitcoin user is easily parted from his coin by any Nigerian prince with a laptop
No intelligent and attentive BTCeanie BTCabier could have fallen for forged BTCeanie BTCabies.
Just like no intelligent and attentive Bitcoiner would have lost coin on web wallets or on an amusingly-named exchange.
[/quote]

No one can be sold fake BTC.

[NotLambchop]

BTCeanie BTCabies are a store of value, not a means of exchange.  Currently the majority of BTCeanie BTCabies transactions, as is the case with the majority of Bitcoin transactions, are accomplished by converting BTCeanie BTCabies to fiat.

BTCeanie BTCabies do not qualify as store of value because they lack the following qualities:

You clearly don't understand what "store of value" is.  Suffice it to say it's not a binary value.  If you would like to learn more, start here:  http://en.wikipedia.org/wiki/Store_of_value

...


Durability, not longevity.

Beanie babies can wear down and decay with time. Not a very good store of value...

Longevity is a defining quality of durability.

du·ra·bil·i·ty
ˌd(y)o͝orəˈbilədē/
noun
the ability to withstand wear, pressure, or damage.
"the reliability and durability of plastics"

Very smartitude.  Such brainiosity.  Wow.

Are BTCeanie BTCabies, like Bitcoin :

Dust resistant
Fire resistant
Rot-proof
Rustproof
Thermal resistant
Impact resistant
Waterproof
...

You really don't know how to read, do you.  Here, from the link I've provided:



Notice Bitcoin is IN THE LAST PLACE

[brg444]

BTCeanie BTCabies are a store of value, not a means of exchange.  Currently the majority of BTCeanie BTCabies transactions, as is the case with the majority of Bitcoin transactions, are accomplished by converting BTCeanie BTCabies to fiat.

BTCeanie BTCabies do not qualify as store of value because they lack the following qualities:

You clearly don't understand what "store of value" is.  Suffice it to say it's not a binary value.  If you would like to learn more, start here:  http://en.wikipedia.org/wiki/Store_of_value

...


Durability, not longevity.

Beanie babies can wear down and decay with time. Not a very good store of value...

Longevity is a defining quality of durability.

du·ra·bil·i·ty
ˌd(y)o͝orəˈbilədē/
noun
the ability to withstand wear, pressure, or damage.
"the reliability and durability of plastics"

Very smartitude.  Such brainiosity.  Wow.

Are BTCeanie BTCabies, like Bitcoin :

Dust resistant
Fire resistant
Rot-proof
Rustproof
Thermal resistant
Impact resistant
Waterproof
...

You really don't know how to read, do you.  Here, from the link I've provided:



Notice Bitcoin is IN THE LAST PLACE

Notice BTCeanie BTCabies are nowhere to be found  

If the order matter, then... does that mean cocaine is a better store of value then stocks 

[NotLambchop]

^See "collectibles."
Re. blow:  If we're talking Bitcoin-denominated stock, f8ck yeah.

[aztecminer]

...
i disagree with you. i believe the 7 year graph here shows a very unstable currency that has a reputation for being used in fraudulent activity such as money laundering and other anonymous criminal activity. as can see in this 7year graph there is a crash after every peak of the dollar. that is unstable volatility coupled with years of federal reserve qe printing:
..

The dollar shows less than 20% volatility over the course of 7 years on your chart.
Ignoring the fact that Bitcoin didn't exist seven years ago, its volatility was in the order of 10,000% over just the past 5 years.

Bonus point:  Calculate the relative stability.

this guy says bitcoins early volatility is normal S curve activity: http://www.youtube.com/watch?v=qHUPPYzzZrI

7 years ago on the chart was the runup to the 2007-2008 financial crisis... which eerily starting to look like todays chart.

So what are you implying?

that we are still in the price finding mode for bitcoin..
that we have not reached the point in the S curve of parabolic for bitcoin ..
and that the us economy is still on the edge ..
that the paper fiat usd 'in god we trust' the federal reserve to print money has been a failure..
that we cannot trust an invisible god with our currency ..
that science trumps 'trusting in god' to print our money.

[NotLambchop]

...
that the paper fiat usd 'in god we trust' the federal reserve to print money has been a failure..
that we cannot trust an invisible god with our currency ..
that science trumps 'trusting in god' to print our money.

This failure is working just fine, thanks.  Used everywhere on the face of the Earth.
"In God we trust" is just a truncation of "In God we trust, everyone else pays cash."
So nao U know.

[brg444]

...
that the paper fiat usd 'in god we trust' the federal reserve to print money has been a failure..
that we cannot trust an invisible god with our currency ..
that science trumps 'trusting in god' to print our money.

This failure is working just fine, thanks.  Used everywhere on the face of the Earth.
"In God we trust" is just a truncation of "In God we trust, everyone else pays cash."
So nao U know.

because there is no alternative.