Topic: It's all about "why" do I need Bitcoins - page 3. (Read 4466 times)

Yeah I don't understand the obsession with playing a game with odds against you.

I get that it is over valued because on one knows what it is and even fewer people care... the silkroad is the only thing that keeps btc afloat that and f!@#ing dice for some reason every idiot in the btc community likes to shooting dice like hood rats under a bridge or out back behind the liquor store.

if this is suppose to be a thread to cause people to think bitcoin is useless..

i personally think bitcoin does not have one sole purpose but many, many micro purposes, that can fit the needs of many people for many different reasons

for example

why do you need shares in companies like apple? - to make profits
why do people need google news when a physical newspaper already exists? - because there is a limit to how much you can hold onto in one go with paper
why do people need to send SMS instead of posting a stamped envelope? - because travelling distances takes time compared to instant communication

now
why invest in bitcoins - to make profit
why use digital currency over paper FIAT - because there is a limit to how much you can hold onto in one go with paper
why dont you just send paper FIAT by post - because travelling distances takes time compared to instant communication

now lets add onto this list of real life things that exist which compare to the benefits of bitcoin.

The world will keep spinning, with or without us.

How exactly do you draw your conclusion that Bitcoin is overvalued from this?

Bitcoin is unbeatable for sending money across borders.

No one "needs" bitcoin the world will go right on spining with or without it. It is over valued for the size of the market and the amount of coins IMO.

Everytime I read about the next country in Europe having big financal problems, I am glad to have some Bitcoins.

People who want financial privacy need it

Most have never found a reason to need it. Those that did see it's utility, have given it's present day value against other monetary instruments. People that don't understand that, have in the past and are still presently incorrectly thinking it's a "bubble" or "hype"

I'll make a list of reasons that I know, why Bitcoin is needed by certain people.

1) Recreational drug users NEED it to anonymously purchase drugs in a relatively safe way. Therefore they understand Bitcoins.

2) U.S. online poker players NEED Bitcoin because most online Poker sites have banned U.S. registrants in order to retrieve their .com domains back from U.S. authorities who placed a federal ban on it.

Continue the list if you want, or just discuss..

Something I want to say though is, how is it conceivable that a law abiding average person would ever find Bitcoins useful in their life? For most, the switch is not worth the effort. Sure, they may vaguely understand that in theory it is better, but they are TOO LAZY to give a crap. They'd rather stick with the traditional system. What does this mean for Bitcoin? Will it die because humans are too lazy to utilize the use of this new technology? That on top of bad press, I really find it hard to imagine Bitcoin will progress on a natural course, when unnatural forces wage war against it.