I use bitcoins because they provide anonymity, easily accessible and with low transaction fees.
I don't like PayPal or any other methods because we have to give them our personal information and also that the transaction fee is very high.
Topic: Why do you use Bitcoin? A report to determine it's competitive advantages. - page 2. (Read 2595 times)
August 15, 2015, 01:04:56 AM
August 15, 2015, 12:45:41 AM
I use bitcoin because I want to earn anonymously online. It's also a good investment and I like low transaction fees of bitcoin
I love you because I am formerly AnonyMint and since 2013 my goal has been to add more anonymity to cryptoland. Thanks for validating my thesis about a coming glorious, anonymous Knowledge Age.
August 14, 2015, 09:24:41 PM
I use bitcoin because I want to earn anonymously online. It's also a good investment and I like low transaction fees of bitcoin
Because it is fast and less fee for online transactions. No need to wait for few hours to few days to receive or send money.
August 14, 2015, 08:56:29 PM
I use bitcoin because I want to earn anonymously online. It's also a good investment and I like low transaction fees of bitcoin
August 14, 2015, 06:24:37 PM
Good Evening! 
For my part, it's only an experimental Investment at the moment but i appreciate the ideas behind the whole system. Fast and low-cost transactions are really a valuable argument that make bitcoin interesting. Although i almost never use it to really pay something, i would definitely consider to do it in the future. Concerning the point "Ease of access" I would suggest that there are still a lot of developments to come, as far as i can not imagine people of an older generation using it for the moment because it still stays quite complex if you don't have enough technical knowledge or basics.
For my part, it's only an experimental Investment at the moment but i appreciate the ideas behind the whole system. Fast and low-cost transactions are really a valuable argument that make bitcoin interesting. Although i almost never use it to really pay something, i would definitely consider to do it in the future. Concerning the point "Ease of access" I would suggest that there are still a lot of developments to come, as far as i can not imagine people of an older generation using it for the moment because it still stays quite complex if you don't have enough technical knowledge or basics.
August 14, 2015, 01:18:35 PM
i use bitcoin because it's like part time job for me
i earn bitcoin for what i want like jeans,sneakers,etc
i earn bitcoin for what i want like jeans,sneakers,etc
August 14, 2015, 12:45:26 PM
Excellent poll choices. I wish there was a choice for "side step KYC", but I guess "decentralization" and "ease of access" covered that.
Thanks ! I appreciate, but i also had nice inputs from the community.
Perhaps we need a definition of what "low transaction fees" means. Low compared to other payment methods? For what amount?
Because personally I would consider even $5 / tx to be a low transaction fee. Others may think 0.2$ / tx is no longer a low transaction fee.
Because personally I would consider even $5 / tx to be a low transaction fee. Others may think 0.2$ / tx is no longer a low transaction fee.
My point of view, is that transaction fees does not include the block subsidy of 25 BTC. It is the small network fee that would speed up the process. I consider that as long as it is ten times cheaper than CC's it is a valide point.
My report points out the huge fees and risk of credit cards.
Keep the votes coming
August 14, 2015, 04:37:19 AM
Excellent poll choices. I wish there was a choice for "side step KYC", but I guess "decentralization" and "ease of access" covered that.
I voted:
Anonymity
Decentralization
Ease of Access
I voted:
Anonymity
Decentralization
Ease of Access
August 14, 2015, 03:25:15 AM
Perhaps we need a definition of what "low transaction fees" means. Low compared to other payment methods? For what amount?
Because personally I would consider even $5 / tx to be a low transaction fee. Others may think 0.2$ / tx is no longer a low transaction fee.
Because personally I would consider even $5 / tx to be a low transaction fee. Others may think 0.2$ / tx is no longer a low transaction fee.
August 13, 2015, 06:51:26 AM
I like it for the capability to transfer money anonymously, without banks and it can't be shut down because of decentralization.
Let's see the results of this vote... it will be interesting.
Perhaps we will end up forking, one side for decentralization (1MB max block size for a while camp) and the other for payment (increase blocksize now camp)
Let's see the results of this vote... it will be interesting.
Perhaps we will end up forking, one side for decentralization (1MB max block size for a while camp) and the other for payment (increase blocksize now camp)
August 13, 2015, 06:06:37 AM
Bitcoin as a tech is very interesting for sure and it is clear that we've only scratched the surface when it comes to possible applications. However I do believe that the majority of bitcoiners are drawn in by the lure of money/easy money. That's of course totally fine, it's actually helping Bitcoin grow faster. Over time as this initial gold rush period simmers down, I believe we'll see more people embracing Bitcoin the tech/payment system and less people being fazed by volatility.
August 13, 2015, 05:41:34 AM
i mostly use in small amounts couse its digital good and fast trasactions and funny to have floating points too
August 13, 2015, 05:32:55 AM
From the options available, Investment Vehicle and Decentralization are probably my main reasons, having money that cannot disappear if bank gets in trouble and increases my purchase power over time are major reasons to embrace bitcoin.
August 13, 2015, 05:17:02 AM
Thanks for your inputs and comments.
Obviously we can agree that people are here for various reasons, Bitcoin has more than one advantage over Fiat or other payment methods.
I don't feel that Being a new technology and the fact that this brings in Hipsters can be considered as a competitive advantage Snorek. However i agree with the fact that it is in opposition with Fiat currencies,. This is why i used the term Scarcity.
I agree with ease of access.
Keep going, and thanks to the people who answered.
Obviously we can agree that people are here for various reasons, Bitcoin has more than one advantage over Fiat or other payment methods.
I don't feel that Being a new technology and the fact that this brings in Hipsters can be considered as a competitive advantage Snorek. However i agree with the fact that it is in opposition with Fiat currencies,. This is why i used the term Scarcity.
I agree with ease of access.
Keep going, and thanks to the people who answered.
August 13, 2015, 02:37:37 AM
decentralization isn't a tangible advantage, i mean there is not much difference between a centralized system and decentralized one, but i still like to have 100% freedom, which you can have in some bank too
i voted for anonimity and low fee, but the latter will not last forever if we need to go against spam and rise the fee in the future
i voted for anonimity and low fee, but the latter will not last forever if we need to go against spam and rise the fee in the future
August 12, 2015, 11:35:15 PM
Mainly the fact that you can use it to trade with anybody across the world instantly without divulging a bunch of sensitive information.
Anonymity (not complete but good enough)
Ease of access
Quickness of fund availability
Anonymity (not complete but good enough)
Ease of access
Quickness of fund availability
I agree 100%
It's so easy to send a tip to some one, and i think it's safer than other means.
For larger amounts to total strangers escrow is a must have.
August 12, 2015, 10:21:41 PM
I feel that you should add some pretty good reasons to your initial poll. While your every point is good and valid there are some additional features which bring people toward bitcoin.
Namely: 1. People are using bitcoin because they want to to be hipsters, because for now bitcoin is like new technology and not widely known. Some geeks and nerds likes this fact.
2. People are using bitcoin as a protest against corrupt financial system and government discredited with endless quantitative easing.
Namely: 1. People are using bitcoin because they want to to be hipsters, because for now bitcoin is like new technology and not widely known. Some geeks and nerds likes this fact.
2. People are using bitcoin as a protest against corrupt financial system and government discredited with endless quantitative easing.
August 12, 2015, 07:09:40 PM
I`m into it due to since I`m pretty much jobless.
And its used as a temporary income while im still job hunting so not much of a choice, more of a survival thing at the moment.
And its used as a temporary income while im still job hunting so not much of a choice, more of a survival thing at the moment.
August 12, 2015, 06:18:35 PM
Mainly the fact that you can use it to trade with anybody across the world instantly without divulging a bunch of sensitive information.
Anonymity (not complete but good enough)
Ease of access
Quickness of fund availability
Anonymity (not complete but good enough)
Ease of access
Quickness of fund availability
August 12, 2015, 06:10:59 PM
Good evening fellow Bitcoiners,
What are your thoughts about it?
Thanks
What are your thoughts about it?
Thanks
Thanks for setting this up, i've responded to the poll.
My thoughts are simple, once you finish your research paper could you please post it somewhere in this forum for us all to read? We give you our thoughts, our ideas, our votes, and our time and it's very fair for us to expect to see the analysis and conclusions you make from the data we've provided.
Please share with us your conclusions so the entire community can benefit from your work (and our contribution)!
Thanks
Well, this is obviously something that can be done, but in order to rely on this poll i will need quite a few more answers. I also interviewed a few experts about this subject, this poll is to confirm my analysis.
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