Topic: Top reasons why bitcoin is awesome (or "killer feature list") (Read 7294 times)
bitcoin could be the next forex market
Bitcoin: Gold Standard 2.0
(from nofuture if he does not mind :-)
(from nofuture if he does not mind :-)
The price of freedom
Converted to sentences and added to the list.
Having .10 BTC in your wallet doesn't mean you're carrying a portrait of FDR.
That one's a little too local to be general, but it's certainly something I like.
That one's a little too local to be general, but it's certainly something I like.
Bitcoin: Gold Standard 2.0
(from nofuture if he does not mind :-)
(from nofuture if he does not mind :-)
Don't mind at all...
The price of freedom
Bitcoin: Gold Standard 2.0
(from nofuture if he does not mind :-)
(from nofuture if he does not mind :-)
Bitcoin makes banks useless.
Not sure if that's true.
Doesn't matter,
Everybody (including you) will get a chance to vote all the features, so if it is not true/ not good, it will simply drop out.
For instance, the bank takes care of all the security, and you don't need to worry about your Bitcoins being hacked/stolen/lost.
That's not exactly a bank, rather a data storage provider. Maybe an Internet/VPN provider.
Quote
The bank can also insure your Bitcoins in the unlikely scenario that they get stolen from them. Same as for safety deposit boxes.
Well that's an insurance business. Still not exactly banks.
Bitcoin makes banks useless.
Not sure if that's true.
There is added value to a bank offering a traditional bank account denominated in BTC.
For instance, the bank takes care of all the security, and you don't need to worry about your Bitcoins being hacked/stolen/lost.
The bank can also insure your Bitcoins in the unlikely scenario that they get stolen from them. Same as for safety deposit boxes.
Bitcoin makes banks useless.
PS. I've just written this and people might think it's rethoric, but it's not. Banks are really useless now, thanks to bitcoin. When you think about it, it's pretty huge. Banks have existed for centuries (since the renaissance I think). And now, suddenly, their business model is about to vanish.
PS. I've just written this and people might think it's rethoric, but it's not. Banks are really useless now, thanks to bitcoin. When you think about it, it's pretty huge. Banks have existed for centuries (since the renaissance I think). And now, suddenly, their business model is about to vanish.
I just had an idea to write down all "killer-features" of Bitcoin in one place,
There are also some concepts from the following that make it good reading regarding this topic:
http://en.bitcoin.it/wiki/Ideal_Properties_of_Digital_Commodities
Write fully autonomous payment handling code that has zero dependency on third-party APIs.
Become rich without becoming famous.
Don't Trust. Verify.
The divorce lawyer may have taken your house, but he will never get his hands on your Bitcoins.
Your Bitcoins won't be gone once you get out of prison.
Become rich without becoming famous.
Don't Trust. Verify.
The divorce lawyer may have taken your house, but he will never get his hands on your Bitcoins.
Your Bitcoins won't be gone once you get out of prison.
I just had an idea to write down all "killer-features" of Bitcoin in one place, so it can be used later to advertise it, or convince people to use Bitcoin.
Like, for use in the bitcoin.org redesign?
https://bitcointalksearch.org/topic/bitcoinorg-redesign-mockups-inside-4223
Well, i didn't think of it, but sure - why not.
It's a great idea.
Of course if Gavin and Sirius approve.
I just had an idea to write down all "killer-features" of Bitcoin in one place, so it can be used later to advertise it, or convince people to use Bitcoin.
Like, for use in the bitcoin.org redesign?
https://bitcointalksearch.org/topic/bitcoinorg-redesign-mockups-inside-4223
Bitcoin works.
That doesn't look like a "killer"
to me.Are you sure you want me to add it to the list ?
The ability to quickly easily send somebody some money when they need it, no matter where they are.
- I'm not restricted how I spend my Bitcoins. Governments make it really difficult to deposit money online to play poker. Poker is banned in Washington state, Turkey, Thailand. UK has a bunch of restrictions... France cannot play on international sites. Russia, India, and a bunch of other places it's illegal.
- I've got friends in Iran. They contribute a lot to Free Software projects, but because of sanctions they find it impossible to pay for stuff they need web space .etc
- I own the Bitcoins. Not in some place, but actually on my hard drive.
- Coins are dividable to many decimal places.
- I am my own master. I can be truly independent in a Bitcoin economy if such a thing exists. Right now it's impossible for me to boycott corruption.
- Microtransactions. Will revolutionise the way artists/producers earn on the internet. Will really step up the game and improve the internet.
- Anonymous (you say it isn't but with precaution it is).
OK.... these don't strictly abide by the rules (one sentence, 24 words), but i will try to correct them a little for placement on the list...
This highlights one more way in which Bitcoin is superior to other payment methods: one can easily verify that a recipient's address is valid before sending payment.
The ability to quickly easily send somebody some money when they need it, no matter where they are.
- I'm not restricted how I spend my Bitcoins. Governments make it really difficult to deposit money online to play poker. Poker is banned in Washington state, Turkey, Thailand. UK has a bunch of restrictions... France cannot play on international sites. Russia, India, and a bunch of other places it's illegal.
- I've got friends in Iran. They contribute a lot to Free Software projects, but because of sanctions they find it impossible to pay for stuff they need web space .etc
- I own the Bitcoins. Not in some place, but actually on my hard drive.
- Coins are dividable to many decimal places.
- I am my own master. I can be truly independent in a Bitcoin economy if such a thing exists. Right now it's impossible for me to boycott corruption.
- Microtransactions. Will revolutionise the way artists/producers earn on the internet. Will really step up the game and improve the internet.
- Anonymous (you say it isn't but with precaution it is).
The ability to quickly send somebody some money when they need it, no matter where they are.
- The Bitcoin payment network never has downtime
- Bitcoin payments are not subject to fraudulent chargebacks
In the first item, "never" may be too strong of a word, but the downtime is certainly better than the downtime of other payment APIs like PayPal, Dwolla, AlertPay, etc
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