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Topic: What got you hooked on Bitcoin? (Read 4433 times)

donator
Activity: 2772
Merit: 1019
October 17, 2012, 05:39:44 AM
#63
I personally also think that separating altruistic goals, such as changing the world for the better, and greedy goals such as profiting is a false dichotomy. You can combine the two. You can profit from doing something, and at the same time you can do something that changes the world for the better. Of course what "better" is, is highly subjective.

Even more so: I think that individuals following egotistic motives will lead to higher prosperity and wealth in the long run compared to them trying to do good to others directly. As long as there's free market and sound money, individual profit-seeking will lead to efficient resource usage.
hero member
Activity: 812
Merit: 1006
October 17, 2012, 03:55:25 AM
#62
Regardless of what anyone says the reason is it boils down to this.
1) Money
2) Your a crypto lover or programmer interested in MONEY!!!
3) Its a hobby to make MONEY!

I mine to sell suckercoins bitcoins to the highest bidder so I can profit even more..


So 100% of people use BTC to profit, the rest are lying about why they mine.


Well, yeah. Personally I see nothing wrong with people wanting to profit. But not everyone wants to sell their bitcoins to the highest bidders, many here want to earn some bitcoins, and then buy products and services with bitcoins, not change them to FIAT. Some want to leave the fiat-money world behind, and transform their personal finances to the btc-economy. That is my personal long-term goal - I'm pretty sure there are still many years before I can actually do this (including paying rent, food in bitcoins), but the day will come.

Also many of us don't mine, there are also other ways to earn bitcoins than mining.

I personally also think that separating altruistic goals, such as changing the world for the better, and greedy goals such as profiting is a false dichotomy. You can combine the two. You can profit from doing something, and at the same time you can do something that changes the world for the better. Of course what "better" is, is highly subjective.
donator
Activity: 2772
Merit: 1019
October 17, 2012, 02:54:23 AM
#61
Regardless of what anyone says the reason is it boils down to this.
1) Money
2) Your a crypto lover or programmer interested in MONEY!!!
3) Its a hobby to make MONEY!

I mine to sell suckercoins bitcoins to the highest bidder so I can profit even more..


So 100% of people use BTC to profit, the rest are lying about why they mine.


money != profit

also, I think you misread the question slightly.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
October 10, 2012, 08:52:18 PM
#60
I watched this video http://www.youtube.com/watch?v=jqvKjsIxT_8 and then said OMG! I need to find an alternative to this crappy banking system. A few months later BOOM! I hit bitcoin!
legendary
Activity: 2114
Merit: 1031
October 10, 2012, 04:04:24 PM
#59
Regardless of what anyone says the reason is it boils down to this.
1) Money
2) Your a crypto lover or programmer interested in MONEY!!!
3) Its a hobby to make MONEY!

I mine to sell suckercoins bitcoins to the highest bidder so I can profit even more..


So 100% of people use BTC to profit, the rest are lying about why they mine.


Agreed this sucks you in, but then you start believing the suckercoins bitcoins have value... then you start hoarding Smiley

EDIT: and then you start spending.
sr. member
Activity: 285
Merit: 250
October 10, 2012, 04:01:31 PM
#58
Regardless of what anyone says the reason is it boils down to this.
1) Money
2) Your a crypto lover or programmer interested in MONEY!!!
3) Its a hobby to make MONEY!

I mine to sell suckercoins bitcoins to the highest bidder so I can profit even more..


So 100% of people use BTC to profit, the rest are lying about why they mine.
hero member
Activity: 540
Merit: 500
COINDER
October 10, 2012, 08:51:12 AM
#57
It is the economics equivalent of watching the evolution of life on fast forward. There are plenty of mass extinctions at the moment, but eventually the stuff that survives will spread and change the world.

+1 for the mass extinctions part who knows whats next................................>>>
member
Activity: 110
Merit: 10
October 10, 2012, 07:47:21 AM
#56
It is the economics equivalent of watching the evolution of life on fast forward. There are plenty of mass extinctions at the moment, but eventually the stuff that survives will spread and change the world.
hero member
Activity: 489
Merit: 500
October 10, 2012, 05:25:06 AM
#55
The first 30BTC order I got when I experimentally setup a payment gateway on my hosting site.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
October 10, 2012, 01:22:45 AM
#54
The Drama!  Grin

Probably one of my favorite forum quotes:

If Bitcoin was backed by drama the price would be stratospheric.

What do you mean "if Bitcoin was backed by drama?"
sr. member
Activity: 290
Merit: 250
October 09, 2012, 10:56:14 PM
#53
Always been a computer guy and years ago did some CPU mining on the companies servers  Tongue

kind of forgot about it over the years and picked it back up recently
legendary
Activity: 1330
Merit: 1000
Bitcoin
October 09, 2012, 10:32:11 PM
#52
The Drama!  Grin

Probably one of my favorite forum quotes:

If Bitcoin was backed by drama the price would be stratospheric.

Haha great quote!  Grin  Maybe, there is a direct correlation to Bitcoin Drama to the price/valuation of Bitcoin economy as a whole.
legendary
Activity: 1050
Merit: 1002
October 09, 2012, 10:25:51 PM
#51
The Drama!  Grin

Probably one of my favorite forum quotes:

If Bitcoin was backed by drama the price would be stratospheric.
legendary
Activity: 1330
Merit: 1000
Bitcoin
October 09, 2012, 09:51:45 PM
#50
The Drama!  Grin
legendary
Activity: 1876
Merit: 1000
October 09, 2012, 09:43:40 PM
#49

One statement that really got me hooked....

There will never be more then 21 million of them......ever!
newbie
Activity: 48
Merit: 0
October 09, 2012, 09:29:20 PM
#48
 Cheesy
legendary
Activity: 1050
Merit: 1002
October 08, 2012, 02:50:12 PM
#47
Here is my timeline:

1. misunderstood them
2. conflicted over whether they could work
3. holy #$%!
legendary
Activity: 1470
Merit: 1002
Hello!
October 08, 2012, 01:22:51 PM
#46
It sounded like this would be the money of the future, like when you watch sci-fi movies and they have credits, but its bitcoins instead.
member
Activity: 65
Merit: 10
October 03, 2012, 01:55:18 PM
#45
I read Cryptonomicon a few years ago, and the chance to participate in the real-world implementation of cryptocurrency is really exciting!
legendary
Activity: 1946
Merit: 1004
October 03, 2012, 11:32:37 AM
#44

... the wonderful community around that money made out of bits & bytes

01001011
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