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Topic: Best aspects of Bitcoin to tell someone about? (Read 1973 times)

legendary
Activity: 1789
Merit: 1008
Keep it dense, yeah?
i think the thing that would get people most interested in bitcoin is to tell them "you can make a lot of money." it's not convenient to say, but let's be honest.. we live in a capitalistic society here. money to the individual is more important than bitcoin's cause.. we see it everywhere. so many scammers who screw over newbies who try to get into the ecosystem.

This is the completely wrong approach. I've brought up the money-earning aspect and I get flooded with "how much did you earn? can I have some money? How do you get it? How much will I earn per day, week, month, year? How do I know it's not a scam? How can people give away the money?" And an onslaught of other questions related to getting rich quick. Seriously, avoid yourself the trouble and keep the earning part out of it.

I agree that it is dangerous to sell the idea of Bitcoin to others as a means of trading investment, mostly because some of those people will then go on to buying some bitcoins without the slightest idea on how to store them, how volatile the price can be at times, as well as a whole slew of other considerations.

If you sell the idea of bitcoin on its merits, and then how they can use bitcoins to purchase things then they may be interested on a different level. I think that the best way to get somebody interested is to have them watch you carry out a transaction in a public place i.e. buying a coffee. That should fascinate them as it is unconventional and the transaction alone tells a story about what it is all about.
legendary
Activity: 1988
Merit: 1007
i think the thing that would get people most interested in bitcoin is to tell them "you can make a lot of money." it's not convenient to say, but let's be honest.. we live in a capitalistic society here. money to the individual is more important than bitcoin's cause.. we see it everywhere. so many scammers who screw over newbies who try to get into the ecosystem.

This is the completely wrong approach. I've brought up the money-earning aspect and I get flooded with "how much did you earn? can I have some money? How do you get it? How much will I earn per day, week, month, year? How do I know it's not a scam? How can people give away the money?" And an onslaught of other questions related to getting rich quick. Seriously, avoid yourself the trouble and keep the earning part out of it.
sr. member
Activity: 434
Merit: 250
i think the thing that would get people most interested in bitcoin is to tell them "you can make a lot of money." it's not convenient to say, but let's be honest.. we live in a capitalistic society here. money to the individual is more important than bitcoin's cause.. we see it everywhere. so many scammers who screw over newbies who try to get into the ecosystem.
legendary
Activity: 1988
Merit: 1007
When explaining bitcoins advantages over cash to someone else, there are a few things that come to mind:

1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level

Any other to add to the list?

5. The value of bitcoin will increase(deflate) over time as opposite to cash(inflate).

6. The value of Bitcoin is volatile and although you may go to the store with $100, by the time you get there you might only have $80

Indeed, It's a big problem and that's why people can trust bitcoin when buying something more expensive, But we can see this as an advantage for buying/selling for profit. The unstable price can make huge profit great example last 3 days when bitcoin went up about $80 and that's a huge profit If you have a pile of bitcoins.

While it is great for the profit building (I agree on this), that is a big thing that holds it back from being usable as a currency. If someone wants to break away from the banks/financial system and only use Bitcoin, they will never know how much money they have. If I have $500 sitting here and bread is $1 a loaf, I can go to the store in a week and (assuming prices haven't gone up, which is not likely to happen in a short period) know I can buy 500 loaves of bread. Conversely, if I have a Bitcoin that is worth $500 right now, I can go to the store and within a minute be able to afford only 450 loaves or maybe even 580 loaves. This is a huge problem.
member
Activity: 66
Merit: 10
When explaining bitcoins advantages over cash to someone else, there are a few things that come to mind:

1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level

Any other to add to the list?

5. The value of bitcoin will increase(deflate) over time as opposite to cash(inflate).

6. The value of Bitcoin is volatile and although you may go to the store with $100, by the time you get there you might only have $80

Indeed, It's a big problem and that's why people can trust bitcoin when buying something more expensive, But we can see this as an advantage for buying/selling for profit. The unstable price can make huge profit great example last 3 days when bitcoin went up about $80 and that's a huge profit If you have a pile of bitcoins.
legendary
Activity: 1988
Merit: 1007
When explaining bitcoins advantages over cash to someone else, there are a few things that come to mind:

1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level

Any other to add to the list?

5. The value of bitcoin will increase(deflate) over time as opposite to cash(inflate).

6. The value of Bitcoin is volatile and although you may go to the store with $100, by the time you get there you might only have $80
full member
Activity: 210
Merit: 100
When explaining bitcoins advantages over cash to someone else, there are a few things that come to mind:

1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level

Any other to add to the list?

5. The value of bitcoin will increase(deflate) over time as opposite to cash(inflate).
legendary
Activity: 3766
Merit: 1217
1. Protection against counterfeiting
2. No need for expensive storage.
3. Protection against inflation
4. Ease of doing transactions
5. Very low transaction fees, especially for bulk transfers.
sr. member
Activity: 434
Merit: 511
Well I think alot of people already know the reasons why we think its better then cash.
But some people just dont want to change, they only know how to work and earn paper.
For them it's impossible to think it's even possible we dont use paper cash anymore.
For them to change their minds, we need something bigger then just saying its better because all the above reasons.
sr. member
Activity: 378
Merit: 250
Show them the rate of increase over the last three years... No bank will provide this kind of ROI... It's not too late to be an early adopter.
legendary
Activity: 1988
Merit: 1007
When explaining bitcoins advantages over cash to someone else, there are a few things that come to mind:

1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level
Yeah.

In the near future, cryptocurrency will make theft impossible and irrelevant. The blockchain will also become a tool that assists humanity's transition from capitalism to post-capitalism, though I'm not sure precisely how.

For me that second point is the holy grail of this direction in technology. It's survival. It's ascension out of the hell of our contemporary neo-feudal existence.

The dark ages of illiteracy and superstition ended a long time ago. But the far longer dark age of deception, exploitation, and self-destruction is only now just beginning to end. Thank fuck for the internet.

Can you please explain how Bitcoin makes theft impossible when there are multiple companies being charged right NOW with theft of Bitcoins? Trendon Shavers. BFL. Mt. Gox. And there's more.

If anything, theft is *easier* with Bitcoin because there's no trace of who stole it (and they can mix coins to keep them hidden).
full member
Activity: 123
Merit: 100
The love of fiat is the root of all good
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
When explaining bitcoins advantages over cash to someone else, there are a few things that come to mind:

1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level
Yeah.

In the near future, cryptocurrency will make theft impossible and irrelevant. The blockchain will also become a tool that assists humanity's transition from capitalism to post-capitalism, though I'm not sure precisely how.

For me that second point is the holy grail of this direction in technology. It's survival. It's ascension out of the hell of our contemporary neo-feudal existence.

The dark ages of illiteracy and superstition ended a long time ago. But the far longer dark age of deception, exploitation, and self-destruction is only now just beginning to end. Thank fuck for the internet.
sr. member
Activity: 308
Merit: 250
I think the best thing about bitcoin is microtransactions. They are perfect for small donations.
member
Activity: 75
Merit: 10
Vintage4X4
When explaining bitcoins advantages over cash to someone else, there are a few things that come to mind:

1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level

Any other to add to the list?

it allows people to be responsible with it, non .gov dependent.  Grin
legendary
Activity: 1988
Merit: 1007
Any other to add to the list?

Limited supply, which is very good argument for anarchist/liberal crew. Re-definition of money, actually, the first real money.

The issue is that the supply is going down (or at least after it's all mined). People losing their coins and such turns it into a deflationary currency. I'm sure some think this is good. But really, it makes people afraid to spend it.

It's a bit like highlander isn't it? In the end there can be only one (satoshi) Tongue

Satoshi is reading this right now like "but there IS only one Satoshi!"

No i meant one satoshi as in the currency unit. If bitcoin survives long enough eventually all bitcoins will be lost except for the last satoshi. Then they will have to increase the decimal places or something.

I knew what you meant. I decided if you wanted to play on words, I would as well.

And my final satoshi will never be lost! I'll be the last one standing!
legendary
Activity: 3682
Merit: 1580
Any other to add to the list?

Limited supply, which is very good argument for anarchist/liberal crew. Re-definition of money, actually, the first real money.

The issue is that the supply is going down (or at least after it's all mined). People losing their coins and such turns it into a deflationary currency. I'm sure some think this is good. But really, it makes people afraid to spend it.

It's a bit like highlander isn't it? In the end there can be only one (satoshi) Tongue

Satoshi is reading this right now like "but there IS only one Satoshi!"

No i meant one satoshi as in the currency unit. If bitcoin survives long enough eventually all bitcoins will be lost except for the last satoshi. Then they will have to increase the decimal places or something.
legendary
Activity: 1988
Merit: 1007
Any other to add to the list?

Limited supply, which is very good argument for anarchist/liberal crew. Re-definition of money, actually, the first real money.

The issue is that the supply is going down (or at least after it's all mined). People losing their coins and such turns it into a deflationary currency. I'm sure some think this is good. But really, it makes people afraid to spend it.

It's a bit like highlander isn't it? In the end there can be only one (satoshi) Tongue

Satoshi is reading this right now like "but there IS only one Satoshi!"
legendary
Activity: 3682
Merit: 1580
Any other to add to the list?

Limited supply, which is very good argument for anarchist/liberal crew. Re-definition of money, actually, the first real money.

The issue is that the supply is going down (or at least after it's all mined). People losing their coins and such turns it into a deflationary currency. I'm sure some think this is good. But really, it makes people afraid to spend it.

It's a bit like highlander isn't it? In the end there can be only one (satoshi) Tongue
legendary
Activity: 1988
Merit: 1007
Any other to add to the list?

Limited supply, which is very good argument for anarchist/liberal crew. Re-definition of money, actually, the first real money.

The issue is that the supply is going down (or at least after it's all mined). People losing their coins and such turns it into a deflationary currency. I'm sure some think this is good. But really, it makes people afraid to spend it.
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