Topic: Why Should One Start With Bitcoin Right Now - page 3. (Read 4037 times)

...and Bitcoin is an exciting adventure with many surprising plot twists, along with almost limitless opportunities. 

To preserve their wealth.

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's kinda like asking "Why should someone learn to use a PC now", in 1991.   I remember those times, and still feel *really* sorry for the people I knew then who absolutely refused to learn how to use computers, because it didn't interest them.

Today, they pretty much have to use computers (no longer optional like in '91), and those people are handicapped!   They have trouble doing more than sending an email, are constantly infected with malware.   It is clear that the computer illiterate are at a massive disadvantage in our society, and I'm sure those fumbling around right now wish they could take back their over-confident anti-computer attitude that they had when all of this was starting.

I sincerely think the analogy will hold for Bitcoin users, except instead of being computer-illiterate, today's Bitcoin haters will be tomorrow's  financially illiterate:  severely limited and financially handicapped, watching "smarter" people leave them in the dust.   They will be stuck, dependant on others to help them with their finances, never truly "free" like the people around them are.

So I think "that someone should start right now", if only to avoid this nightmare scenario, of being poor, while hipsters are living it up, and laughing all the way to the blockchain.

Not for everyone, but there are always people wanting to understand how things really works.



I have feeling you think Bitcoin = investment. I believe Bitcoin is more technology of independend currency than investment opportunity.

Using bitcoin to send and receive money is not easy. There are fees, confirmations, blocks, address, keys... concepts to learn. Better to learn now and make mistakes while bitcoin is relatively cheaper. Do you want to make a mistake now, or when bitcoin is $5000 per piece?

http://www.onestopbrokers.com/2014/10/10/cftc-organised-session-on-bitcoin/

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.

How strongly do you believe that bitcoin is the future?

Because it's the future   

Learning about Bitcoin right now is like learning TCP/IP and HTML back in the 90s.

You don't have to be knowledgeable so that you can become an IT guy or write webpages but in your area of expertise it would be good to know enough so that you can apply it to your talents and skills. Some guys with those basic skills created something called Google and Yahoo. Without that knowledge they would have probably bought a fried chicken franchise and learned about different spices and oils.

Learn it so you can be involved in the future.

It's the next step in the evolution of money. Do you still use old technology like telegram or steam engine daily?

One reason is that you want to learn about it when you still have the time because when it becomes part of eveyone's financial portfolio then you'd be happy to be the smart one among the few.

I think someone don't need to know too much about bitcoin, because it's too hard to understand.
You just need basic knowledge about bitcoin.

And you need to start with bitcoin right now, because there are lot people believe bitcoin will be huge success.

Do you like your money being manipulated by a central authority?

Do you like that your currency has a built in feature of losing at least 2% of its value each year?

Do you like your bank and believe they sufficiently protect your identity and data?

There are a lot of reasons you can find from this forum.
Such as 1. Want to b technology savvy
            2. Traders
            3. Merchants consider to provide bitcoin payment.
            4. Bitcoin gamblers
         Anyone else can add more!

Because Bitcoin is the future of internet and e-commerce.

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?