Do you own bitcoin?

[bornil267645]

Yes,I have a wallet and I own a few fraction of Bitcoin...

[LordSonjai]

Noone owns any bitcoin, there are no bitcoin, its just private keys and scripts.

So you are telling me that the private key is used to unlock more scripts? And that amount within my wallet that says X amount of BTC the BTC stand for what? You are a perfect example of why I was inclined to create this poll. I am reluctant to believe you even have a wallet set up. If you did,you would see your public key along with what else?Your final balance containing what of?Scripts? No fuckhead,bitcoin. So do me a god damn favor and either post of the topic or don't post at all. Even if you were right (which you are wrong) who gives a damn? You "know what I mean" so why play stupid?So you can feel smarter? Ugh,pitiful.   

Yeah you know what really grinds my gears?
I'll tell you,people who pretend that they know what they are talking about when they are really just talking out of their ass. 

[shorena]

Noone owns any bitcoin, there are no bitcoin, its just private keys and scripts.

So you are telling me that the private key is used to unlock more scripts? And that amount within my wallet that says X amount of BTC the BTC stand for what? You are a perfect example of why I was inclined to create this poll. I am reluctant to believe you even have a wallet set up. If you did,you would see your public key along with what else?Your final balance containing what of?Scripts? No fuckhead,bitcoin. So do me a god damn favor and either post of the topic or don't post at all. Even if you were right (which you are wrong) who gives a damn? You "know what I mean" so why play stupid?So you can feel smarter? Ugh,pitiful.  

Yeah you know what really grinds my gears?
I'll tell you,people who pretend that they know what they are talking about when they are really just talking out of their ass.  

I guess my humor was wasted than. No reason get out the insults. Since DannyHamilton recently explained it very well (IMHO) Ill just quote him below. I dont feel smarter or smug because I posted it. I thought its funny to post it after a page of "yeah I own bitcoin" posts. I personally think you should give a damn. And whether I own (yes I actually know what you are talking about when you say that, how shocking) bitcoin or not is easy enough to find out if you actually care.

-snip-
This might sound a bit scary if its the first time you've heard it but: There are no actual bitcoins, and there are no actual addresses at the technical level of how bitcoin operates.

The way the protocol works is that the blockchain stores transactions that list unspent outputs that are to be spent as inputs and new outputs that are to become unspent outputs.  The inputs supply a sum of value to the transaction.  The new outputs encumber that value with requirements.  The most common requirement that an unspent output is encumbered with is a requirement to supply an ECDSA digital signature which must be verifiable with a specific public key.  The public key is identified by its RIPEMD-160 hash, which we convert to an "address" to make it easier for humans to work with.
-snip-

Edit: In case you dont like that I refer to just another user and think that person is wrong also, feel free to consult the dev guide [1] or the sourcecode [2].

[1] https://bitcoin.org/en/developer-guide
[2] https://github.com/bitcoin/bitcoin

[CoinProfitProgram]

Noone owns any bitcoin, there are no bitcoin, its just private keys and scripts.

Cool opinion! Agree))

[tzortz]

Most readers in this forum own wallets and also many own BTC.

I own also BTC, but dont ask how many.

 

[ujka]

The real question should be, "what's the point of buying bitcoin so I can spend it on goods and services that I can already buy with fiat. Why should I take the extra step?" Unless companies like Microsoft and Time also begin offering employee pay in bitcoin, we're going to see continued selling.

I don't have a credit card, so I can buy things online only in my country, in stores that have the option of paying on delivery. Bitcoin is allowing me to shop online in the whole world.

[jacktheking]

Most of us here have a wallet (at the very least). I have some Bitcoin. Umm.. Satoshi.

I think all members here own some bitcoin. Most members like me own less than 1btc and a minority will have more than 10btc. The more they have, the less likely they are going to take part in this poll  

Agree, the more they have. The less likely they are going to vote.

[noobtrader]

the more important question, do you intent to hodl yor coin until what price 

[tzortz]

I will hold them until it goes to 1k.

Maybe it will take 2-3 years.

[youngmike]

I sold mine last summer. Now waiting it to drop under 100$ before buying back  So overpriced right now

[tzortz]

I don't believe this will ever happen.

It wont even go under $300.

[fryarminer]

Ok, what I don't understand is why so many people only own a fraction of a bitcoin - why not buy a whole bitcoin now while the price is so low? If you're an enthusiast enough to be on bitcointalk - you should have at least 5 bitcoin. Or else you don't really believe it will go anywhere.

[turvarya]

Ok, what I don't understand is why so many people only own a fraction of a bitcoin - why not buy a whole bitcoin now while the price is so low? If you're an enthusiast enough to be on bitcointalk - you should have at least 5 bitcoin. Or else you don't really believe it will go anywhere.

Because they don't have the money to buy a whole bitcoin. It is as easy as that.

[LewiesMan]

Ok, what I don't understand is why so many people only own a fraction of a bitcoin - why not buy a whole bitcoin now while the price is so low? If you're an enthusiast enough to be on bitcointalk - you should have at least 5 bitcoin. Or else you don't really believe it will go anywhere.

Most people browsing here don't even have accounts..

[finlon]

Ok, what I don't understand is why so many people only own a fraction of a bitcoin - why not buy a whole bitcoin now while the price is so low? If you're an enthusiast enough to be on bitcointalk - you should have at least 5 bitcoin. Or else you don't really believe it will go anywhere.

Really?
I don't think its necessary. I have been following bitcoins, and never have I thought that it would replaced FIAT as a currency. Its use will always be its technology.

[twister]

Ok, what I don't understand is why so many people only own a fraction of a bitcoin - why not buy a whole bitcoin now while the price is so low? If you're an enthusiast enough to be on bitcointalk - you should have at least 5 bitcoin. Or else you don't really believe it will go anywhere.

OMG!! You're so smart. Now I understand, why all those people in Africa and other places around the world are dying of hunger. They don't believe in Food!!

Stupid me, always thought that they couldn't afford it.

[interlagos]

Ok, what I don't understand is why so many people only own a fraction of a bitcoin - why not buy a whole bitcoin now while the price is so low? If you're an enthusiast enough to be on bitcointalk - you should have at least 5 bitcoin. Or else you don't really believe it will go anywhere.

OMG!! You're so smart. Now I understand, why all those people in Africa and other places around the world are dying of hunger. They don't believe in Food!!

Stupid me, always thought that they couldn't afford it.

You twisted it very well, twister.

But you're both right about the way reality works.
Humanity got it all backwards.

Believing is Seeing. Not the other way around. No kidding.

[50ouncebrew]

Yes i own a wallet and have some btc

[mymenace]

I ask this because after viewing multiple threads and discussions I can say many of the users seem a bit naive to say the least and I wonder to myself if they even own bitcoin. I ask myself "Does this person even have a wallet?" So I am just curious to what numbers I can crunch here.

It is fascinating to see the amount of users in here who have limited knowledge of bitcoin, blockchain, wallets and all the benefits this brings.

And all the ways you can move your money around the world and escape a lot of transaction times, fees, taxes, as well as increase investment etc etc etc

always remember the 10000 btc pizza

the time that guy found 7500btc he forgot he had

the time everyone said sucked in for buying btc at $1 then $10 then $100 it is dying

and so no and so on and so on and so on and so on and so on


I like this one mentioned about 18months ago "merchants will never adopt btc"

[bitz-bee.com]

Yep, of course, but I've earned it all from my site https://www.bitz-bee.com. I've never actually bought a bitcoin.