Why Should One Start With Bitcoin Right Now

pa

hero member

Activity: 528

Merit: 501

Quote from: Beliathon on October 21, 2014, 09:15:24 AM

Quote from: hugger on October 21, 2014, 07:56:28 AM

Why should someone (not knowledgeable about bitcoin) should start spending hours and hours to learn about bitcoin's concept. Why should that someone start right now?

Why? Because of the enormous opportunity cost of not learning about it. If you're wise enough to be here asking this question, you're wise enough to know why you need to know.

Here, I'll make it easy for you:

Reading:

Why You Should Care About Bitcoin: Money is going digital and it is impacting the biggest growth industry of the past 75 years Medium.com from Sept. 2013

Accelerated Learning for Bitcoin: How I got up to speed on bitcoin in about a month. Medium.com from Nov. 2013

Why Bitcoin is grossly undervalued

I'm hoarding bitcoins and no you can't have any

Bitcoin doesn't have the properties of money, it changes them.

The Advent of Cryptocurrencies: A reason to rethink currency in the 21st century

China, cryptocurrency, and the world order

China, cryptocurrency, and the world order part 2

Code as Law: How Bitcoin Could Decentralize the Courtroom

Virtual currencies can challenge the sovereignty of states

Dark marketplaces positioned to accelerate the collapse of governments

Only the black market matters

Trust no US companies with the future of bitcoin

Bitcoin: Fact, Fiction, Future

European banks are in trouble

Privatize the pound?

Could the bitcoin protocol be the birth of virtual collective consciousness?

Bitcoin: Economy of the Eternal Now

https://paybycoin.intuit.com/

Videos:

The real value of bitcoin technology

Andreas Antonopoulos on Bitcoin @ Maker Faire 2014 Detroit

Bitcoin the Organism TED talk with Jeff Garzik (from April)

Why Bitcoin's growth is normal

Thomas Spaas at TEDxUHasselt - The concepts of Bitcoin and their impact on the worldwide legal space

Interview: Bernard von NotHaus on the Liberty Dollar

Interview: Max Wright

Interview: Mike Maloney - is Bitcoin an NSA setup?

Bitcoin 101, with Daniel Altman

Ron Paul on the possibility of a Bitcoin boom (from January)

Draper's long-term bet on bitcoin

Introducing Crypto Cards!

The Evolving Digital Commerce Ecosystem

Bitcoin can fulfill the role of cash in a digital society

Bruce Fenton: Bitcoin and the New York "BitLicense" proposed regulations

Matt Whitlock on Elliptic Curve Cryptography

Good luck, fellow seeker of truth.

Thank you for posting this.

themys

newbie

Activity: 42

Merit: 0

An opportunity to get rich, this is only one of reasons.

keackh

newbie

Activity: 28

Merit: 0

For the only reason, because you are the only manager of your money!

Sutters Mill

hero member

Activity: 976

Merit: 575

Cryptophile at large

Quote from: raveldoni on November 06, 2014, 05:25:04 AM

Why not ? What else can you do with your money ? Put it in a bank and get 2.25% interest per year which is lower than inflation, and in 5 years the bank goes bust? Government bonds? No, siree.

Not exactly a sound argument. We've been getting negative interest with bitcoin at the moment as it has lost over half it's value within a year, so people who bought in higher than it is now have currently lost money.

raveldoni

sr. member

Activity: 434

Merit: 250

🤖UBEX.COM 🤖

Why not ? What else can you do with your money ? Put it in a bank and get 2.25% interest per year which is lower than inflation, and in 5 years the bank goes bust? Government bonds? No, siree.

bornil267645

sr. member

Activity: 406

Merit: 250

AltoCenter.com

Because the price is low ? Undecided

kimchi64

newbie

Activity: 19

Merit: 0

Quote from: pitham1 on November 05, 2014, 08:55:12 PM

Quote from: hugger on October 21, 2014, 07:56:28 AM

Why should someone (not knowledgeable about bitcoin) should start spending hours and hours to learn about bitcoin's concept. Why should that someone start right now?

He will have to do it anyway. Bitcoin is going to be everywhere in a few years.
So might as well spend that time now. Tongue

Yeah I agree, just that I'm kind sad that it's dropping so much right now

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: hugger on October 21, 2014, 07:56:28 AM

Why should someone (not knowledgeable about bitcoin) should start spending hours and hours to learn about bitcoin's concept. Why should that someone start right now?

He will have to do it anyway. Bitcoin is going to be everywhere in a few years.
So might as well spend that time now. Tongue

Piston Honda

legendary

Activity: 2730

Merit: 1068

Juicin' crypto

Quote from: CryptoNewbieB on October 29, 2014, 09:29:49 AM

Bitcoin is genius but lacks mainstream appeal. Maybe standards and regulations will encourage more people to start using it.

Yup I'd have to agree, but given its volatility and DEcentralization, it probably turns many folks off. Esp with the media ALWAYS showing bad news vs. good news about it...typical BS. Hopefully in due time it'll come around. Granted how much manipulation is probable....it's something to watch for , for noobs before they get in.

CryptoNewbieB

newbie

Activity: 1

Merit: 0

Bitcoin is genius but lacks mainstream appeal. Maybe standards and regulations will encourage more people to start using it.

mullerdan

full member

Activity: 154

Merit: 100

The bitcoin is a digital money, new technology that allow to manage your own money.

Peegasus

member

Activity: 94

Merit: 10

Technical terms is very hard to understand.

Ionchamp

newbie

Activity: 32

Merit: 0

Quote from: HELP.org on October 21, 2014, 11:08:00 AM

Quote from: hugger on October 21, 2014, 07:56:28 AM

Why should someone (not knowledgeable about bitcoin) should start spending hours and hours to learn about bitcoin's concept. Why should that someone start right now?

How about this? a couple minutes

Bitcoin Basic Concepts
•Bitcoin is a shared ledger system and the current state of the ledger is determined by a decentralized consensus.
•Bitcoin "mining" is the process of adding transactions to the ledger and is done by solving math problems that take substantial computational power.
•The "consensus" is achieved by users and "miners" deciding to run compatible versions of the software and enforcing the consensus rules.
•Users can run "nodes" using peer-2-peer connections that shares the ledger.
•Nodes enforce the rules by only broadcasting transactions and sections of the ledger that fit within the consensus rules.
•A user can verify the shared ledger took a huge amount of computational power to create as a way of trusting it is real.
•Miners get transaction fees and "block rewards" as an incentive to use their computer power.
•The "rewards" are a way to initially distribute the currency and are cut in half about every 4 years.
•Bitcoin addresses are secure because the numbers are so large that all the computers in the world cannot come close to cracking it.

It will take more than 2 minutes sir. Because then the person would ask:

What is a ledger system? What is a decentralized consensus? What is a substantial computational power? etc etc

I think you should re word into the most understandable and the most basic english.

BIT-Sharon

sr. member

Activity: 266

Merit: 250

Bitcoins are kept in a digital wallet which you can keep in your computer, or on a website online, which will manage and secure your wallet for you. You can have as many wallets and bitcoin addresses (where you receive money from others) as you like.

What’s more, you can use Bitcoin software on top of Tor to prevent anyone from tracking your IP address – total anonymity guaranteed!

azguard

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

Its never to late.
I said to colleague from work several thing about it and gave him several link.
He dont mine but now make after several months 0.03-0.06 a month only from faucets and giveaways.

So bottom line, its never to late only u have to be patient.

Monkeynutz

newbie

Activity: 30

Merit: 0

Quote from: Beliathon on October 21, 2014, 09:15:24 AM

Quote from: hugger on October 21, 2014, 07:56:28 AM

Why should someone (not knowledgeable about bitcoin) should start spending hours and hours to learn about bitcoin's concept. Why should that someone start right now?

Why? Because of the enormous opportunity cost of not learning about it. If you're wise enough to be here asking this question, you're wise enough to know why you need to know.

Here, I'll make it easy for you:

Reading:

Why You Should Care About Bitcoin: Money is going digital and it is impacting the biggest growth industry of the past 75 years Medium.com from Sept. 2013

Accelerated Learning for Bitcoin: How I got up to speed on bitcoin in about a month. Medium.com from Nov. 2013

Why Bitcoin is grossly undervalued

I'm hoarding bitcoins and no you can't have any

Bitcoin doesn't have the properties of money, it changes them.

The Advent of Cryptocurrencies: A reason to rethink currency in the 21st century

China, cryptocurrency, and the world order

China, cryptocurrency, and the world order part 2

Code as Law: How Bitcoin Could Decentralize the Courtroom

Virtual currencies can challenge the sovereignty of states

Dark marketplaces positioned to accelerate the collapse of governments

Only the black market matters

Trust no US companies with the future of bitcoin

Bitcoin: Fact, Fiction, Future

European banks are in trouble

Privatize the pound?

Could the bitcoin protocol be the birth of virtual collective consciousness?

Bitcoin: Economy of the Eternal Now

https://paybycoin.intuit.com/

Videos:

The real value of bitcoin technology

Andreas Antonopoulos on Bitcoin @ Maker Faire 2014 Detroit

Bitcoin the Organism TED talk with Jeff Garzik (from April)

Why Bitcoin's growth is normal

Thomas Spaas at TEDxUHasselt - The concepts of Bitcoin and their impact on the worldwide legal space

Interview: Bernard von NotHaus on the Liberty Dollar

Interview: Max Wright

Interview: Mike Maloney - is Bitcoin an NSA setup?

Bitcoin 101, with Daniel Altman

Ron Paul on the possibility of a Bitcoin boom (from January)

m/gallery/?video=3000289713]Draper's long-term bet on bitcoin

Introducing Crypto Cards!

The Evolving Digital Commerce Ecosystem

Bitcoin can fulfill the role of cash in a digital society

Bruce Fenton: Bitcoin and the New York "BitLicense" proposed regulations

Matt Whitlock on Elliptic Curve Cryptography

Good luck, fellow seeker of truth.

Hey man thanks for this post, I've gone thry have of these and gonna finish this weekend!
Very interesting to see what direciton this will take in the coming years for sure.

mullerdan

full member

Activity: 154

Merit: 100

because you can even manage your money yourself!
and not this fuck system who can block your money when he wants!
you do what you want with it, its so good! Cheesy

BitMos

full member

Activity: 182

Merit: 123

"PLEASE SCULPT YOUR SHIT BEFORE THROWING. Thank U"

it's called first mover advantage...

mbaeichapareiko

member

Activity: 101

Merit: 10

The largest super computer network in the world, is supporting the block chain.

that seems like a pretty good indicator btc is lining up to be the future.

pequelore

newbie

Activity: 19

Merit: 0

Quote from: Lethn on October 22, 2014, 05:17:09 PM

It means you will be able to trade freely with anyone in the world without being restricted by a government and no amount of legislation they bring in will be able to prevent it.

That made my fell in love with BTC. No hassles and no pressure.

Topic: Why Should One Start With Bitcoin Right Now (Read 4037 times)