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.
Topic: Poll - Why are you generating BitCoins? (Read 13574 times)
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.
That's me..I wish I knew about bitcoin back in 2013 
..hope someone comes in 2025 saying the same with me, that will make me feel better, because today is not the case 
)
In another 4 years people might see your post and say "wow, I wish I knew about bitcoin back in 2013".
..hope someone comes in 2025 saying the same with me, that will make me feel better, because today is not the case )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".
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.
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.
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.
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.
another is look at how polarized it is at the moment. there's no consensus. which is good. consensus is the opposite of opportunity.
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".
Wow i wish i knew about the forums back in 2010!
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
Was surprised that many have voted that they are not generating. So are they speculating or something else?
I'm definitely in the closet hoping bitcoin grows, and that nobody comes up with something better!!!!
But yea... I just got into it!
But yea... I just got into it!
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?
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.
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?
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?
Fragmentation of the Bitcoin idea should be encouraged. It would only increase privacy and make such systems harder to shut down.
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.
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.
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.
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.
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.)
(Unfortunately it's not possible to create multiple choice polls. Choose your top reason.)
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