Topic: Why do You Trust Bitcoin (Read 2601 times)
Cuz everyone uses it
Because it's easy and cheap to transmit payment, which means upward mobility and work opportunities for a lot more people.
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
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
I trust more than the government in his own country. lol
he is faithful and will not betray you
he is faithful and will not betray you
Why do You Trust Bitcoin
If you don't know who created it or why it was created?
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.
No one can spend my Bitcoins except me,
because no one else has the private key.
because no one else has the private key.
+1 ... since the law legalize the freezing of account for DEBT.
I trust Bitcoin because no bankers are behind it 
Bitcoin is decentralized, open for everybody, and our way to get rid of banks, government, financial institutions...
Bitcoin is decentralized, open for everybody, and our way to get rid of banks, government, financial institutions...
legendary
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Core dev leaves me neg feedback #abuse #political
Why wouldn't I trust it?
No one can spend my Bitcoins except me,
because no one else has the private key.
No one can spend my Bitcoins except me,
because no one else has the private key.
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.
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.
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.
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. 
I think the bitcoin is a great invention.
no other reason,only dissatisfaction with reality.
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.
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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)
ahh yes.. the math... i can suffer until all the early and nefarious coins are distributed and real acceptance occurs.
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".
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.
I trust bitcoin because i can change it for true money when i want.
I have sold like 1.4 Bitcoins now, and at last its true money. That is why you can trust on it.
What is "true money"?I have sold like 1.4 Bitcoins now, and at last its true money. That is why you can trust on it.
a bank note is not true money.
imagine a bank note like a cheque(check). its purely a promise to pay. its paper, no real value. now imagine you hand someone a cheque, (secretly you know its going to bounce but the other person does not).
the recipient doesnt pt it in the bank, they hand it to a "cheque cashier" or a "payday loan" company who hold it.
that company use that cheque as a 'asset measure' to generate more funds.
at some point someone WILL realise that the cheque will bounce. and that leaves the final recipint in debt.
now look at the 'government debt' which the government is saying is the 'peoples debt'. and you will see that my scenario (replacing cheques to represent bank notes) has already occurred.
you cant bounce a bitcoin without someone quickly seeing its not confirmed, making bitcoin true money in comparison to bank notes
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