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Topic: So why are you guys interested in bitcoins? (Read 1408 times)

newbie
Activity: 35
Merit: 0
December 07, 2012, 12:01:36 AM
#27
1.Anonimity
2.Investment growth

BUT it's really hard for me to sell btc! haven't found a way yet to encash a large sum!
full member
Activity: 220
Merit: 100
December 06, 2012, 07:55:00 PM
#26
I think the fact that it is totally decentralized is awesome. No bank or government controls it, and those are the two main institutions in our world that breed the most corruption. Its like that one quote.. something along the lines of "I care not who makes the laws, only who controls the money". Not the actual quote obviously, I forget how it goes. Point is, we finally have the ability to take away the absolute control of money away from the elites of this world
newbie
Activity: 6
Merit: 0
December 06, 2012, 03:51:22 PM
#25
I believe it supports the freedom of the individual. we need to hold onto our freedom.
newbie
Activity: 11
Merit: 0
December 06, 2012, 02:13:10 PM
#24
Utility. It is the safest, simplest way to buy anything from anyone in the world. 

I think this is a bit optimistic. Exchanging and managing bitcoins still requires the use of a computer and an internet connection, which makes it vulnerable compared to physical money from a established currency. Since it is still a very new currency there are also risks of the whole system crashing down due to unforeseen reasons.

However it's probably the easiest way to make anonymous payments.
I hear what your saying and you may be right. But if one factors in the complexity of setting up an bank account and getting it linked to a credit card, then bitcoin may compare more favorably. Once your client is up and running, pulling he trigger on a purchase is easy.
When it comes to international sales I think bitcoin is even more powerful. I bought a food recipe from a student in China once. Can you imagine how difficult that would have been without bitcoin?

I can't argue with that. To be honest, I'm going to refrain from passing too much judgment on bitcoin, whether positive or negative, until more time has elapsed. After all, it's still an experiment in progress.
newbie
Activity: 5
Merit: 0
December 06, 2012, 01:21:28 PM
#23
we like bitcoins
hero member
Activity: 518
Merit: 500
December 06, 2012, 01:19:24 PM
#22
I'm in the "internet cash" camp.  The world is becoming more digitally connected and it is time that we move beyond having hundreds of currencies.  If I want to buy/sell something in India or Australia I should be able to do so without first paying out to a dozen middlemen and waiting two weeks for payment to clear.
newbie
Activity: 42
Merit: 0
December 06, 2012, 12:47:03 PM
#21
I bought a food recipe from a student in China once. Can you imagine how difficult that would have been without bitcoin?


We are finally buying their secrets for a change! 
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
December 06, 2012, 12:33:55 PM
#20
Utility. It is the safest, simplest way to buy anything from anyone in the world. 

I think this is a bit optimistic. Exchanging and managing bitcoins still requires the use of a computer and an internet connection, which makes it vulnerable compared to physical money from a established currency. Since it is still a very new currency there are also risks of the whole system crashing down due to unforeseen reasons.

However it's probably the easiest way to make anonymous payments.
I hear what your saying and you may be right. But if one factors in the complexity of setting up an bank account and getting it linked to a credit card, then bitcoin may compare more favorably. Once your client is up and running, pulling he trigger on a purchase is easy.
When it comes to international sales I think bitcoin is even more powerful. I bought a food recipe from a student in China once. Can you imagine how difficult that would have been without bitcoin?
newbie
Activity: 6
Merit: 0
December 06, 2012, 11:52:47 AM
#19
the community
legendary
Activity: 1372
Merit: 1000
--------------->¿?
December 06, 2012, 11:50:04 AM
#18
To replace the fractional reserve system.
newbie
Activity: 11
Merit: 0
December 06, 2012, 11:48:43 AM
#17
Utility. It is the safest, simplest way to buy anything from anyone in the world. 

I think this is a bit optimistic. Exchanging and managing bitcoins still requires the use of a computer and an internet connection, which makes it vulnerable compared to physical money from a established currency. Since it is still a very new currency there are also risks of the whole system crashing down due to unforeseen reasons.

However it's probably the easiest way to make anonymous payments.
newbie
Activity: 17
Merit: 0
December 06, 2012, 11:33:30 AM
#16
Investment reasons. The new physical coins make it yet another collectible addiction to me  Grin
newbie
Activity: 18
Merit: 0
December 06, 2012, 11:32:09 AM
#15
I am mostly interested in bitcoin for the purpose of playing US Online poker. The Online poker industry as a whole has gone by the wayside since black friday of 2011. The online processors are shady. This allows for deposits and withdrawals to happen quickly.
newbie
Activity: 42
Merit: 0
December 06, 2012, 11:04:38 AM
#14
This is of course is the primary reason:

Meet girls.

The world was in need of  a ubiquitous currency for free trade in the global economy.  Sooner or later one was bound to show up. My thought would have been a World bank that would have fleeced the public just as the current institutions.    thankfully Bitcoins came into existence that is not controlled by the 1 factor that has corrupted every other previous institution and system, humans.  

Bitcoin is an untethered currency controlled by math that is fully transparent to the users.  The greatest thing about it being controlled by math is as my 3rd grade teacher taught.  Math is either right or wrong, and there is no grey area to be adulterated.
legendary
Activity: 1722
Merit: 1217
December 06, 2012, 10:51:26 AM
#13
bitcoin pushes the boundaries of what we thought were the limits of individual sovereignty.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
December 06, 2012, 10:48:19 AM
#12
Utility. It is the safest, simplest way to buy anything from anyone in the world. 
newbie
Activity: 9
Merit: 0
December 06, 2012, 10:44:32 AM
#11
I have lots of free time on the computer and a need for something to fill my time and possible very small secondary income. If I can scrape up a few mBtc and start gambling with it or something it's possible for it to have a decent payout Tongue It's a gamble that probably wont work out, but at least it will have consumed some of my downtime lol
mjc
hero member
Activity: 588
Merit: 500
Available on Kindle
December 06, 2012, 10:38:59 AM
#10
It's just something cool to be involved with, besides I need the occasional detraction from Tea Kwon Do, growing tobacco, shooting, learning how to reverse engineering software and the other stuff I do.
newbie
Activity: 6
Merit: 0
December 06, 2012, 10:36:18 AM
#9
currently mostly educational and academic, what an experiment!
newbie
Activity: 11
Merit: 0
December 06, 2012, 10:33:11 AM
#8
I read a few articles about it in magazines and felt instantly drawn to the idea, which seemed so elegant and clever. It also tingled my greed instinct. However my delusions of wealth have just been dashed on the rocks a few minutes ago in some other thread.
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