Author

Topic: Poll - Why are you generating BitCoins? (Read 13574 times)

member
Activity: 224
Merit: 62
July 15, 2019, 11:03:31 AM
#18
No, and 99.9999% of the population never will, because asics fucked it up for everyone that is poor. The energy is a waste anyways and all that hash rate could be used to solve diseases in the medical field and help do calculations to other planets and shit for spacex or nasa, if it was not being wasted along with enough power to power Ireland. There is better ways to secure networks now that can do what bitcoin does without the "mining" waste and better ways to distribute a money supply fairly and actually have better network security that is even more decentralized.

The call it waste materiel here. https://youtu.be/K8kua5B5K3I?t=284 LITERAL SHIT COIN.
legendary
Activity: 2156
Merit: 1040
"Crypto Casino & Sportsbook"
Well, what do you mean by generating? Did you say that you are producing Bitcoin? well If it is not and it is just earning, Then I am Earning Bitcoin and other cryptocurrencies, You can say that I am investing as well, And for this purpose, I am doing this is for the future or my family, You can sure use it for emergency use, For future reference and for future used But all in all for the economy of certain individuals, Because I guess this platform can really change how people can think, Or mostly how people live.
brand new
Activity: 0
Merit: 0
That's me..I wish I knew about bitcoin back in 2013 Cheesy..hope someone comes in 2025 saying the same with me, that will make me feel better, because today is not the case Smiley)

Wow i wish i knew about the forums back in 2010!

In another 4 years people might see your post and say "wow, I wish I knew about bitcoin back in 2013".
full member
Activity: 379
Merit: 100
Although I might just think of it as an investment when I just touched bitcoin, I am now getting more and more interested in the encrypted world, and it may really change our future.
full member
Activity: 456
Merit: 100
If you are thinking about quitting, then think of what stops you from it. Is it a fear of losing money? Or you still have some hope for crypto currency as a phenomenon? If the second is right, I think you just need to find another project that will bring your faith to life.
legendary
Activity: 1218
Merit: 1001
November 26, 2013, 06:56:14 AM
#13
Bitcoin is the single most important project on the Internet right now.  Its the creation of an economy that is independent of state controls.  This is the most exciting social experiment of the century and none of us has any idea how it will work out. 
newbie
Activity: 28
Merit: 0
November 26, 2013, 06:51:40 AM
#12
it is still early. one way to look at it is the type of people who are making investments: venture capitalist and early adopters.

another is look at how polarized it is at the moment. there's no consensus. which is good. consensus is the opposite of opportunity.
riX
sr. member
Activity: 326
Merit: 250
November 26, 2013, 06:06:47 AM
#11
Wow i wish i knew about the forums back in 2010!

In another 4 years people might see your post and say "wow, I wish I knew about bitcoin back in 2013".
member
Activity: 112
Merit: 10
November 26, 2013, 05:54:15 AM
#10
Wow i wish i knew about the forums back in 2010!
riX
sr. member
Activity: 326
Merit: 250
November 26, 2013, 05:15:22 AM
#9
Was surprised that many have voted that they are not generating. So are they speculating or something else?

Note that the poll is from January 2010, bitcoin didn't yet have an exchange rate, some weren't even sure the system would work etc. Mining/generating made your computer slow, so getting only a few blocks every day wasn't really worth it for some.
Fun fact is that I used term "generating" since "mining" wasn't invented yet :p
sr. member
Activity: 364
Merit: 253
November 26, 2013, 05:11:57 AM
#8
Was surprised that many have voted that they are not generating. So are they speculating or something else?
member
Activity: 84
Merit: 10
November 26, 2013, 05:10:59 AM
#7
I'm definitely in the closet hoping bitcoin grows, and that nobody comes up with something better!!!!

But yea... I just got into it!
riX
sr. member
Activity: 326
Merit: 250
November 26, 2013, 05:10:24 AM
#6
Old thread bump...

I'm interested in how attitudes might have changed over the past few years, are we still all about creating a new idealistic global currency with privacy benefits or have we (de?)evolved into closet investors only interested in biding their time and hoping for the value of Bitcoin to rise?

Thoughts people?

When I created the poll I voted for the last alternative, this is still valid for me, but over the years I have gotten more interested in the potential benefits for the rest of the world than I was back then.
full member
Activity: 148
Merit: 100
November 26, 2013, 04:02:52 AM
#5
Old thread bump...

I'm interested in how attitudes might have changed over the past few years, are we still all about creating a new idealistic global currency with privacy benefits or have we (de?)evolved into closet investors only interested in biding their time and hoping for the value of Bitcoin to rise?

Thoughts people?
hero member
Activity: 490
Merit: 504
My avatar pic says it all
January 28, 2010, 06:28:47 AM
#4
Fragmentation of the Bitcoin idea should be encouraged. It would only increase privacy and make such systems harder to shut down. Smiley

I figure that if bitcoins become popular then someone will branch the code and create other currencies that are based on the same principles but have different characteristics.
sr. member
Activity: 252
Merit: 255
January 28, 2010, 06:14:31 AM
#3
Bitcoins have very interesting attributes and I think it would be cool if they were to eventually stabilize enough to become an internationally recognized and traded currency. I don't like that the amount of bitcoins being generated halves every four years, but I figure that if bitcoins become popular then someone will branch the code and create other currencies that are based on the same principles but have different characteristics.
newbie
Activity: 41
Merit: 0
January 28, 2010, 01:19:20 AM
#2
Anonymous transferring of currency to other parties is a critical requirement of privacy. Additionally, the controlled inflation of Bitcoins is a trait that I find agreeable. Lastly, since Bitcoin doesn't have a central authority, it does not revolve around a parasitic entity.

I lend my resources to the network to help support its growth, in the hope that one day it will grow into a viable alternative to existing monetary systems, and thus promote the privacy of networked individuals.
riX
sr. member
Activity: 326
Merit: 250
January 27, 2010, 09:55:07 AM
#1
Are you generating bitcoins, and if so then why do you see it as profitable?

(Unfortunately it's not possible to create multiple choice polls. Choose your top reason.)
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