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Topic: Why do You Trust Bitcoin (Read 2591 times)

sr. member
Activity: 459
Merit: 251
December 27, 2014, 08:07:02 PM
#50
Cuz everyone uses it  Undecided
member
Activity: 62
Merit: 10
December 27, 2014, 03:02:27 PM
#49
Because it's easy and cheap to transmit payment, which means upward mobility and work opportunities for a lot more people.
legendary
Activity: 1176
Merit: 1005
Decentralized Asset Management Platform
December 27, 2014, 01:56:56 PM
#48
i just believe in this because the technology and idea behind this
no matter who created this but now it is not controlled by the creator
it has a good idea behind this attract me, and i believe this technology is future of money transfer
sr. member
Activity: 378
Merit: 250
December 27, 2014, 01:39:07 PM
#47
I trust more than the government in his own country. lol
he is faithful and will not betray you
legendary
Activity: 2730
Merit: 1288
December 27, 2014, 12:37:30 PM
#46
Why do You Trust Bitcoin
If you don't know who created it or why it was created?

Bitcoins are created every hour. They are created so we can send them around the world cheap and place on them messages that will last forever and are fully secure.
legendary
Activity: 1512
Merit: 1011
December 27, 2014, 12:25:13 PM
#45
No one can spend my Bitcoins except me,
because no one else has the private key.

+1 ... since the law legalize the freezing of account for DEBT.
legendary
Activity: 3374
Merit: 1824
December 27, 2014, 11:17:32 AM
#44
I trust Bitcoin because no bankers are behind it Smiley
Bitcoin is decentralized, open for everybody, and our way to get rid of banks, government, financial institutions...
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
December 27, 2014, 11:10:29 AM
#43
Why wouldn't I trust it?

No one can spend my Bitcoins except me,
because no one else has the private key.
legendary
Activity: 2030
Merit: 1028
December 27, 2014, 09:29:57 AM
#42
If you don't know who created it or why it was created?

Because bitcoin has a better value than my local value.

Bitcoin also become the alternative currency for me to send payment to other world with small fee.
legendary
Activity: 1106
Merit: 1000
December 27, 2014, 09:12:38 AM
#41
If you don't know who created it or why it was created?

It doesnt matter. The code is there available publicly and the majority has been rewritten or newly added.

Nobody controls it and its used as the majority decdes to use so th epupose for which it was created is irrelevant.
sr. member
Activity: 308
Merit: 251
December 27, 2014, 08:59:40 AM
#40
Because it's open source & P2P, It's don't hide anything.
And it's better than fiat currency
hero member
Activity: 812
Merit: 1000
December 27, 2014, 08:32:31 AM
#39
I trust it because it works. I control my own funds and don't have to rely on government to keep them safe for me.
hero member
Activity: 602
Merit: 500
December 27, 2014, 07:15:26 AM
#38
Because I can send money via BTC to my parents from one country to another, because there's limited number of bitcoins out there, because it is open source, decentralized, and because it will make us rich. Cheesy
sr. member
Activity: 462
Merit: 250
December 27, 2014, 06:02:34 AM
#37
I think the bitcoin is a great invention.
full member
Activity: 126
Merit: 100
October 04, 2014, 08:04:01 AM
#36
no other reason,only dissatisfaction with reality.
full member
Activity: 239
Merit: 100
October 04, 2014, 08:00:47 AM
#35
Because Fiat is failure and debts interest killing it. I think a alternative, such as this open source project, will be the future when things hit the fan.
legendary
Activity: 1456
Merit: 1018
HoneybadgerOfMoney.com Weed4bitcoin.com
October 04, 2014, 06:31:15 AM
#34
Quote
Why do You Trust Bitcoin

Simple.  Because I trust myself more than the govt or banks.  It's my money, and it's nobody else's business how much I have, how much I make, or where I spend it.  I don't like the idea of every financial transaction I've ever made being on record, and available to a dozen or so entities.  Not to mention having my entire savings in the line of fire, and capable of being seized at the whim of an official.  I also don't like having to basically ask permission from the bank to spend my own money, or send money to another account, etc.  With bitcoin, if I want to move to another country, I can do just that without worrying about how to transfer my money over to my new home.

Thanks, but no thanks.  With bitcoin, all I have to worry about is hackers, which isn't difficult if you know what you're doing.  




In my case I only need to worry about things like damaging my computer or destroying my paper wallets (somewhat concerning too)
tss
hero member
Activity: 742
Merit: 500
October 04, 2014, 06:28:15 AM
#33
ahh yes.. the math...  i can suffer until all the early and nefarious coins are distributed and real acceptance occurs.
legendary
Activity: 1316
Merit: 1000
October 04, 2014, 06:00:45 AM
#32
If you don't know who created it or why it was created?

Its open source so the creator doesnt matter as was previously stated but beyond that i trust it because of no single point of failure so its very efficient vs having humans operate a system "directly".
sr. member
Activity: 318
Merit: 251
October 04, 2014, 05:53:27 AM
#31
Quote
Why do You Trust Bitcoin

Simple.  Because I trust myself more than the govt or banks.  It's my money, and it's nobody else's business how much I have, how much I make, or where I spend it.  I don't like the idea of every financial transaction I've ever made being on record, and available to a dozen or so entities.  Not to mention having my entire savings in the line of fire, and capable of being seized at the whim of an official.  I also don't like having to basically ask permission from the bank to spend my own money, or send money to another account, etc.  With bitcoin, if I want to move to another country, I can do just that without worrying about how to transfer my money over to my new home.

Thanks, but no thanks.  With bitcoin, all I have to worry about is hackers, which isn't difficult if you know what you're doing.  


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