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Topic: Why Bitcoin? (Read 4342 times)

newbie
Activity: 53
Merit: 0
January 27, 2018, 02:31:24 PM
Information about bitcoin, you can find YouTube, cheeks and even a very good site: the social media that you can get information about bitcoin.
 Thanks
member
Activity: 723
Merit: 10
http://www.fintropy.io/
January 27, 2018, 01:04:24 PM
bitcoin is must for big earning and great futere of life this futere curency and futere popoular curency
member
Activity: 179
Merit: 10
January 13, 2018, 11:15:53 AM
 Smiley  I really  chooce bitcoin because it is all inclusive for a side line job .its A cryptocurrency wage high and many more ways to get bitcoin to work and work hard to double the income knowing that bitcoin has a lot to do with .how to earn especially when I want to invest in bitcoin. For me  to accumulated first to join big investment because it is too expensive to replace it and also to work the way its work the best...way  I can also with bitcoin crypto and what's needed for.
legendary
Activity: 1876
Merit: 1000
May 16, 2015, 08:33:24 AM
think many have lost sight of this threads question is more about why bitcoin v other cryptos, not why cryptos.
hero member
Activity: 533
Merit: 500
May 15, 2015, 03:59:32 PM
Bitcoin is decentralised and have no control over it even from the government or the banking system that makes it very attractive. So would love to invest in bitcoin as we don't know what future is going to offer us but on a positive note it will be used worldwide for sure.
sr. member
Activity: 271
Merit: 250
May 15, 2015, 02:54:57 PM
Quote
If you do something to Bitcoin and people like your modification, you can join them and fight the famous core developers to try to be more influential. With the government and central banks, you cant do shit and you cant see shit.


First, every machine with a Bitcoin private key effectively serves as
a bug bounty that can be redeemed irreversibly and anonymously.. Lips sealed
Second,Bitcoin has validated the concepts of secure global logs and globally
decentralized prediction markets. Cry
hero member
Activity: 938
Merit: 1000
May 15, 2015, 12:51:55 PM
Everyone is talking about bitcoin and critics are just spreading the rumors that btc is dead but I believe that BTC is the future currency and sooner or later it will replace fiat currency so if the investment is done in bitcoin at this point of time it can prove to be profitable decision.
legendary
Activity: 1834
Merit: 1008
May 15, 2015, 11:27:36 AM
i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

bitcoin seems to, over time, be drifting more into a centralised system, core dev team where so few as 5 completely control the code, backed by what has come to light time and time again a very questionable central organisation.

have VC with their little startups jumping on board left right and center, and we know their goals  Kiss, bitcoin's heading more and more like being the bank product it was meant to be an alternative to  Shocked

seems the only way to back bitcoin is keep your head it the sand and hope it'll all turn out good in the end........

well i think it is because bitcoin is already an established crypto currency unlike those altcoins even though some of them are innovative are not yet well established and not much of it are supported by many people

invest in other altcoin is like a gambling with no guarantee return of your initial amount there is much big risk involve in it but Bitcoin is the safest investment for bright future, so much public awareness and merchant acceptance around the globe.

Yes its true altcoin is like gambling but the return can be like 100 or 1000 times it depends on your perdiction, some of them are getting their profit just from altcoin because they know which one to invest and they gather a lot of information. So I guess that is not purely gambling if you choose well so you will get a lot from it

legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
May 15, 2015, 11:04:11 AM
For me, because Bitcoin have the highest price rate. And also, I know everything about cryptocurreny is because of Bitcoin. So, I wouldn't leave this Coin Smiley (except if the price fall to the ground Grin)
legendary
Activity: 1358
Merit: 1014
May 15, 2015, 10:00:30 AM
#99
Bitcoin is the biggest network in the world, more than all supercomputers running together, thats why.
And any other analogies you want to make (look what happens with myspace etc) will never work, because Bitcoin is decentralized.

Bitcoin is one of the most centralized currencies on the earth. Core changes are controlled by literally a handful of people.

USD and EUR is much less centralized (and much more anonymous) than bitcoin because no central authority can take money buried in your backyard, but a single update by Gavin and every bitcoin and wallet on the globe is affected.
You have a point, but then again at least we can see the code itself. With fiat, specially when the governments start making their own cryptocoin to try to compete with BTC, it will be closed source.
If you do something to Bitcoin and people like your modification, you can join them and fight the famous core developers to try to be more influential. With the government and central banks, you cant do shit and you cant see shit.
legendary
Activity: 3248
Merit: 1070
May 15, 2015, 10:00:02 AM
#98
Bitcoin is the biggest network in the world, more than all supercomputers running together, thats why.
And any other analogies you want to make (look what happens with myspace etc) will never work, because Bitcoin is decentralized.

Bitcoin is one of the most centralized currencies on the earth. Core changes are controlled by literally a handful of people.

God forbid, you should not say that!!!
You will get verbally attacked with things like: It's open source so anybody can modify it....

The truth is that even if you do, nobody will join you.

If it doesn't come from the handful of people controlling it now, it doesn't matter.

the core of people who are in charge to update the client can't take action without the consensus of many, can they?

and usually what they do was always beneficial and mandatory, it's not like they are doing random changes...
hero member
Activity: 952
Merit: 513
May 15, 2015, 09:51:56 AM
#97
Bitcoin is the biggest network in the world, more than all supercomputers running together, thats why.
And any other analogies you want to make (look what happens with myspace etc) will never work, because Bitcoin is decentralized.

Bitcoin is one of the most centralized currencies on the earth. Core changes are controlled by literally a handful of people.

God forbid, you should not say that!!!
You will get verbally attacked with things like: It's open source so anybody can modify it....

The truth is that even if you do, nobody will join you.

If it doesn't come from the handful of people controlling it now, it doesn't matter.
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
May 15, 2015, 09:46:20 AM
#96
Bitcoin is the biggest network in the world, more than all supercomputers running together, thats why.
And any other analogies you want to make (look what happens with myspace etc) will never work, because Bitcoin is decentralized.

Bitcoin is one of the most centralized currencies on the earth. Core changes are controlled by literally a handful of people.

USD and EUR is much less centralized (and much more anonymous) than bitcoin because no central authority can take money buried in your backyard, but a single update by Gavin and every bitcoin and wallet on the globe is affected.
legendary
Activity: 1540
Merit: 1016
May 15, 2015, 08:22:15 AM
#95
i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

Explain the word choose bitcoin? If choose means that collecting it and save it then I would say I dont choose bitcoin. Many people choose bitcoin because bitcoin is the first mover in this industry and the second reason would be because of its higher price than the other cryptocurrency which make it more known by some companies
hero member
Activity: 770
Merit: 509
May 15, 2015, 07:34:36 AM
#94
Bitcoin is backed by computational power, unbreakable encryption and huge amounts of electrical power being used to secure the network, the biggest network in the world (main reason to pick it vs the rest of altcoins). It is also backed by leveraging the entire global internet.

Also, it is not Fiat, it does not exist by law or decree and it does not have a sovereign nation backing it with debt or threat of violence.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
May 15, 2015, 04:57:52 AM
#93
If you're aware of bitcoin & have been in this community for a long time you should still hodl maybe 5 bitcoins just incase we explode into mainstream & you knew about bitcoin but didn't take advantage of it then you will be kicking yourself.
Don't have any regrets.
Buy a few coins, put them in cold storage & forget about them for a few years.
It might be the best thing you ever do.
sr. member
Activity: 462
Merit: 250
May 15, 2015, 04:32:01 AM
#92
i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

bitcoin seems to, over time, be drifting more into a centralised system, core dev team where so few as 5 completely control the code, backed by what has come to light time and time again a very questionable central organisation.

have VC with their little startups jumping on board left right and center, and we know their goals  Kiss, bitcoin's heading more and more like being the bank product it was meant to be an alternative to  Shocked

seems the only way to back bitcoin is keep your head it the sand and hope it'll all turn out good in the end........

well i think it is because bitcoin is already an established crypto currency unlike those altcoins even though some of them are innovative are not yet well established and not much of it are supported by many people

invest in other altcoin is like a gambling with no guarantee return of your initial amount there is much big risk involve in it but Bitcoin is the safest investment for bright future, so much public awareness and merchant acceptance around the globe.

I Agree. Altcoin is not a better option no doubt it is attractive at present but there is high level of risk involved with it so its better to stick with bitcoins and as the adoption and acceptance level will go high the bitcoin will regain its popularity and the perfect value.

There are quite a few alt-coins that are gaining popularity, and there are quite a few alt-coins that are more innovative than Bitcoin.
Their only drawback is that they came after Bitcoin and Bitcoin is well established now.
hero member
Activity: 631
Merit: 500
May 15, 2015, 04:27:23 AM
#91
i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

bitcoin seems to, over time, be drifting more into a centralised system, core dev team where so few as 5 completely control the code, backed by what has come to light time and time again a very questionable central organisation.

have VC with their little startups jumping on board left right and center, and we know their goals  Kiss, bitcoin's heading more and more like being the bank product it was meant to be an alternative to  Shocked

seems the only way to back bitcoin is keep your head it the sand and hope it'll all turn out good in the end........

well i think it is because bitcoin is already an established crypto currency unlike those altcoins even though some of them are innovative are not yet well established and not much of it are supported by many people

invest in other altcoin is like a gambling with no guarantee return of your initial amount there is much big risk involve in it but Bitcoin is the safest investment for bright future, so much public awareness and merchant acceptance around the globe.

I Agree. Altcoin is not a better option no doubt it is attractive at present but there is high level of risk involved with it so its better to stick with bitcoins and as the adoption and acceptance level will go high the bitcoin will regain its popularity and the perfect value.
legendary
Activity: 1050
Merit: 1000
May 15, 2015, 03:04:53 AM
#90
i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

bitcoin seems to, over time, be drifting more into a centralised system, core dev team where so few as 5 completely control the code, backed by what has come to light time and time again a very questionable central organisation.

have VC with their little startups jumping on board left right and center, and we know their goals  Kiss, bitcoin's heading more and more like being the bank product it was meant to be an alternative to  Shocked

seems the only way to back bitcoin is keep your head it the sand and hope it'll all turn out good in the end........

well i think it is because bitcoin is already an established crypto currency unlike those altcoins even though some of them are innovative are not yet well established and not much of it are supported by many people

invest in other altcoin is like a gambling with no guarantee return of your initial amount there is much big risk involve in it but Bitcoin is the safest investment for bright future, so much public awareness and merchant acceptance around the globe.
hero member
Activity: 490
Merit: 500
37iGtdUJc2xXTDkw5TQZJQX1Wb98gSLYVP
May 15, 2015, 02:01:03 AM
#89
i've been around this community a few years and i still don't get why anyone would chose bitcoin.

don't get me wrong i believe in an alternative p2p currency, but to me bitcoin certainly doesn't cut it.

about the only answer people have is first mover advantage. but that's pretty much it.

bitcoin seems to, over time, be drifting more into a centralised system, core dev team where so few as 5 completely control the code, backed by what has come to light time and time again a very questionable central organisation.

have VC with their little startups jumping on board left right and center, and we know their goals  Kiss, bitcoin's heading more and more like being the bank product it was meant to be an alternative to  Shocked

seems the only way to back bitcoin is keep your head it the sand and hope it'll all turn out good in the end........

well i think it is because bitcoin is already an established crypto currency unlike those altcoins even though some of them are innovative are not yet well established and not much of it are supported by many people
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