Topic: Wish I had seen the potential in 2009 (Read 2069 times)

I only heard about bitcoins quite recently, but still most people I know have only a vague knowledge of them at most. Still plenty of growth left I think, before it settles as a regular currency.

The second altcoin to actually be unique from bitcoin (the first being peercoin). NXT is 100% proof of stake, but unlike peercoin a stakeholder cant simply spend his stake to make blocks. Rather block authors are randomly selected from the pool of every single person who owns NXT and the more nxt you own the higher your chances. Sort of a way to think of it like the currency is both how much money you have and ALSO how much mhash/s you have.

This has many advantages. If a wealthy attacker (say a western government) wanted to attack bitcoin than they could contract with intel to build ASIC's that would murder us for a few billion dollars. The only way to to do the same with NXT would be to buy a ton of NXT which would have the opposite effect of what they want, they dont want the price going up. With proof of work hashing efficiency scales logarithmically with investment in infrastructure. In lay-terms that means a person who invests 10billion in mining infrastructure will be able to produce significantly more than 10 times as much hashing power as someone who has invested 1 billion. Also it doesn't waste a huge amount of resources. Also the blocks can come in faster and be larger with out worrying about pressure towards centralization.

Ok thats enough for now i dont want to talk your ear off. But look into it. It's really quite fascinating and, i think, the first altcoin to be truely different from bitcoin without being broken.

So you still think Bitcoin is useless and you just see the investing potential 

Hey..

I could bite my own butt...
I already heared something about bitcoins in 2009, too. First, I thought its like a joke, a proof of concept thing that would never be worth anything.
Then, in 2013 this currency became so popular.. I know someone irl who is now a millionaire because he was such a nerd and started investing in bitcoins early enough.
If there would be a possibility to travel time backwards, I would use it to invest in bitcoins  early enough 

Post-Scriptum & Off Topic:
This is actually my second post, this site just began to glitch around a bit after I pressed the "post" button, showing me a database error. My Post , of course, hadn't been posted, but after reposting, it showed me that I already posted something.  dat ddos?

I dont think Bitcoin success can be repeated with any altcoin. Not many people know about Bitcoin and even less use it, so I believe Bitcoin is still in early stage

Don't we all, then again, people are regretting not investing in bitcoin earlier this year. Better late than never. I remember hearing about Bitcoins for the first time a few years ago when they were a few cents each.
Oh well, here's to hoping Doge or NXT takes off

I also remember reading about bitcoin the first time from some IT-related forums around 2010. I wish I had spent more time to research the idea and understand it back then. I just remember being confused about people buying graphics card to "mine" some digital coins.

+1 I'm doing this with NXT. Spend only what you can afford to lose!

I think $1,000 marks the end of the early adopter phase.  Today most people in the world can afford to buy one bitcoin.  When it's worth millions of dollars, they will be multi-millionaires.

No point crying over not seeing the potential sooner.  Just buy now (5% of your net worth is a good amount), and hold for the long term.  In 10 years you'll either be very rich, or if bitcoin fails, at least you won't have lost much on the experiment.

The value will probably rise 10 times the current one so yeah, no need to worry.

This.

Eery year it is the same thing, so you haven't missed the boat!

NXT - NextCoin and it is gaining most importance as it is considered as the descendant of bitcoin by the developers.

I agree, it is really irks me I didn't see the potential way back when. But then again, it's the same with any investment. Many people had a chance to buy into Microsoft when they started up, but didn't. I wish I bought the lottery ticket that won millions the other day, but it disn't seem worth a few dollars at the time 

Some altcoin I think.

what is this NXT?

Pretty much everyone too
But I'm mining Dogecoins though

Thank that you are here in 2013, when the bitcoin is just entering into big world.

Thought the exact same thing when i realised the tiny amount i had was still worth £30 now... If only i hadn't given up on it!

There are many peoples that blame their selfs for not participating in BTC mining in the early days.. But with so many opportunities arising each week, you can keep your head up high and pray to be right about another new cryptocurrency you put your money on :]

It's sad you haven't taken it as serious. But everyone did the same thing. How many coins have you mined using your PC?