Why Bitcoin? - page 6. | Bitcointalksearch.org

kelsey

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Quote from: Beliathon on April 13, 2015, 08:26:14 AM

Quote from: kelsey on April 13, 2015, 08:05:13 AM

core dev team where so few as 5 completely control the code

OP does not understand how open source projects are developed.

Why bitcoin? That's easy, it's not an inflationary scamcoin like fiat. Nor is bitcoin backed by coercion and violence. No other currency with a 3bil+ market cap in the history of Earth can make that claim.

no its the core devs who don't.

thought bitcoins marketcap was 21 million?

Amph

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it still offer a valide alternative to someone who does not want to use fiat, and for who that has the need to use a currency that can be used as a global currency, without convert it everytime

and btw there is no centralization(you're still in control of your portfolio, not like with a bank, were they "rub" you for their secret investment) in bitcoin

the project is open to everyone while the mine aspect even if it seems decentralized you can still join the net and mine as a casual miner if you have cheap electricy, otherwise go with cloud

Dabs

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The Concierge of Crypto

We choose bitcoin because of it's properties: open source, decentralized (still is), near instant transactions, same day confirmations (with appropriate tx fees), trustless.

At this point, bitcoin is, like other big institutions, sort of too big to fail. It's value or exchange rate notwithstanding, it is currently supported by the most hash power, by the most number of nodes and miners, and the most number of users and websites that accept crypto currency.

dquancey

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Quote from: ashour on April 13, 2015, 08:13:42 AM

You could ask the same with facebook, why should someone use it instead of a different social network. The answer is simple facebook is the biggest social network with the most support worldwide. Bitcoin is like this the biggest crypto currency in the world, until a new crypto currency comes wich will have more support and more users than bitcoin we will still prefer bitcoin.

Not exactly the same, but I get where you are coming from.

I believe in BTC, I don't hold a large amount so not going to profit from the "moon" scenario. I think the potential is there in the community, as well as the technology.

Time will tell as ever.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: kelsey on April 13, 2015, 08:05:13 AM

core dev team where so few as 5 completely control the code

OP does not understand how open source projects are developed.

Why bitcoin? That's easy, it's not an inflationary scamcoin like fiat. Nor is bitcoin backed by coercion and violence. No other currency with a 3bil+ market cap in the history of Earth can make that claim.

NUFCrichard

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Quote from: kelsey on April 13, 2015, 08:05:13 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........

Network security comes with that first mover advantage, you can't easily replicate that.
It is the test pad for cryto in the real-world, if bitcoin fails then this generate of crypt will fail, if it succeeds, then others can too on it's trails.

If it is going to succeed, it will have to be more mainstream, it can fail and stay very liberal, insecure and hard to use, bit that will be a failure.

ashour

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You could ask the same with facebook, why should someone use it instead of a different social network. The answer is simple facebook is the biggest social network with the most support worldwide. Bitcoin is like this the biggest crypto currency in the world, until a new crypto currency comes wich will have more support and more users than bitcoin we will still prefer bitcoin.

kelsey

legendary

Activity: 1876

Merit: 1000

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........

Topic: Why Bitcoin? - page 6. (Read 4342 times)