Quote from: krishnapramod on September 19, 2017, 12:31:04 PM

The ideology behind Bitcoin

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The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. - Satoshi Nakamoto

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The Times 03/Jan/2009 Chancellor on brink of second bailout for banks - Genesis Block

So the fundamental ideology is a decentralized trustless system to create an economy not dependant on governments/banks, empower repressed economies, disrupt or weaken the centralized monetary system, and economic freedom.

Something like what John Holloway said, "Changing the world without taking power."

I think majority of the early adopters were motivated by this philosophy, price wasn't a criteria.

The technology behind Bitcoin

There is no denying the fact that Bitcoin/Blockchain technology is revolutionary. It is here to stay. We will be seeing more use cases of it in future. The first distributed blockchain was conceptualised by Satoshi Nakamoto and was implemented as a core component in Bitcoin and thus making Bitcoin a technological tour de force.

Technology is one of the major reasons for Bitcoin adoption.

Monetary

The monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme.

So why did you adopt Bitcoin? There might be a reason or a couple of reasons or all the three.

Edit: Added all of the above.

Being honest I started using faucets then I started to research about crypto and saw an opportunity to get out of my country, I saw how volatile the market is, my initial funds was 5$ when BTC was at 900$, a few people helped me and now I have 0.06BTC and I think thats a huge gain but not enough to get out of here, Im from Venezuela and lots of young people here is trying to invest on cryptocurrencies that way in a few years the gains can me 30-100% easy and sometimes more, most young people wants to leave this country.. I dont have much tech knowledge about cryptocurrencies but I try to do my homework and learn enough to make safe investments and just wait.. Im a HODLER :-D so for me Bitcoin is an opportunity of life..

If any of you can and want to help me, please send whatever you want to
BTC: 1JxPzA3gWWXr6bVVcqkJvvAXvPKZB8bCf6
XVG: DJifijADaCoykKGgWrA9VTf6Zcbu95FPV3
ZEC: t1dcqUGTL62ysUgj1yXER3ZTMQEmk3iKLQJ
DGB: DEbxoLdH3iX54dCuG551rUeAdwCscBQjx3
ETH: 0x5abd0b56699073684f02eaf28fe89ddb19cbf0c1

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