Quote from: KoinKartel on April 03, 2016, 06:45:18 PM

Quote from: actmyname on March 16, 2016, 10:59:02 PM

I want you to explain in detail why you personally thought that bitcoin was a healthy investment. I don't want the same crap replies about the same thing over and over. I want a longer, more complicated answer depicting the true nature of why you thought it was useful to begin investing in bitcoins.

It's not necessarily investing money into it. You obviously also invest time (which is pretty much money) into the bitcoin community. Even now, as you read this, you're investing time into bitcoins. So, explain. What made it so good? In what way did bitcoin create this image in your mind where you thought, "Hey, this seems like a good use of my time. This may hold use in the future and allow me to profit off it" instead of anything else?

Bitcoin represents the end of the fiat based financial freak show that was the dominant form of value transmission and value storage that existed prior to 2008.

With the introduction of the Blockchain, the governments and globalist manipulators of the world have lost their monopoly on value creation.

With the introduction of Blockchain tech, anyone can generate their own version of currency from their kitchen table and instantly create value out of thin air just like the federal reserve and the bank of england - and this is the thing that most people just don't understand.

Bitcoin is only the first instance of a privately generated value transmission system that has gained worldwide adoption..... and MANY more will follow.

Bitcoin represents only a demonstration of this new society that is in it's early stages of formation.

Uber is the largest cab company in the world, but they own no cars. AirBNB is one of the largest providers of accommodation in the world yet, they don't own any real estate... Youtube, one of the largest distributors of media in the world produces ZERO content.... and Bitcoin, the most prominent, peer to peer, money transmission system exists WITHOUT a central issuance organisation

I invested in bitcoin due to this bigger picture that I described above.

There is a shift in the paradigm of the very idea of what a corporation is and how a corporation operates, and what with white collar workers now being automated out of their jobs due to advances in software and artificial intelligence, the Blockchain is CLEARLY custom built to play a BIG role in this

The blockchain represents the inclusion of, not only machines - but AI driven software into our global economy.

What with every one person, having at least one other smart device, this represents a potential inclusion of a further 7 billion participants in our economy, the equivalent of another planet of people.

Haven't you not noticed how reluctant the common man on the street is to adopting Bitcoin? ...Well, software and machines do not poses the ability to be "reluctant."

What if, in the future, a private corporation that develops self driving cars, builds out AI and software that allows these self driving cars to operate autonomously? What if these cars are then fitted with software that allows them to run blockchain tech, which will allow the cars to run economic transactions with passengers and other machines? Simply, these cars will not have the ability to reject bitcoin adoption and will contribute to boosting the daily BTC transactional volume... or the volume of some other digital currency that will be developed for this specific task.

Now this may be a futuristic concept, but there are a plethora of companies and IOT developers working on this very thing right now.

So as an investor and speculator, my role is simply to look at a bundle of facts and then to weigh up the probabilities. And it is my view that the blockchain is probably due to change the world in a major way, hence my interest in Bitcoin.

But blockchain as a concept can change the world independent of bitcoin. Bitcoin has become so inflexible that its preeminent status is threatened. Other coins have surpassed it in innovation and bitcoin can't even handle how to increase capacity (necessary for survival and to cut down on the obscene confirmation times we're currently experiencing). Bitcoin popularized the idea of the blockchain, but I wouldn't necessarily be betting that bitcoin will succeed because the blockchain is still revolutionary at this point.