What do people think about Bitcoin?

if you are okay with a LOT of volatility, i think yes. i have a decent amount invested in it personally

 

ethereum in no way has better security, in fact the tradeoff is capability for security

it's more programmable, but that makes it less secure (not good or bad, just a tradeoff)

see the DAO incident

 

well they "fixed" the incident. the instability from the bitcoin community is a source of insecurity itself

 

at this point I would only invest in bitcoin with play money. it's all over the place and someone needs to explain to me the fundamentals of the bitcoin value.

There's also so many groups out there constantly challenging bitcoin. I don't know if they will succeed or fail but the point remains that there will constantly be innovations and replacements challengers which is why you need strong fundamentals to withstand the barrage. German Mark (sound fundamentals, strong history) is history (many actually thanks to Euro in 2002) so recent currency extinction does happen. Also, with the orders of magnitude of computing potentially possible in the future with quantum computing, the blockchain isn't secure. Nothing today will be for that matter. It might not happen in my generation but maybe the next.

 

the pictures of metal coins that always accompany these articles are so misleading

 

ETH at or was at $100 and litecoin rocketed as well.

 

Bought some ETH at 44 last month.

 

where do you buy eth or bitcoin? which broker?

 

There's a bit coin exchange at a mall here in eugene outside the movie theater.

 

Bitcoin doesn't have any characteristics of currency so far.

 

CoinBase duh. Do you even google bro?

 

it's fungibile, unforgeable, scarce, portable, doesn't degrade, is an abstract token

pretty much everything you want from a currency

just needs to achieve enough network effect for the value to stabilize

 

That "network effect" and stability is what makes those characteristics meaningful. It's not without its uses but I don't see it becoming currency in a meaningful way, but maybe whatever becomes bitcoin 2.0 or 4.0 will.

 

bitcoin 2.0 or 4.0 will have the same need for adoption as bitcoin 1.0

 

Almost all altcoin has gone up since the surge of Bitcoin.

It would have been nice if I invested my money in Dash (Darkcoin) or Ethereum instead of Peercoin.

Either way I'm happy to have multiplied my initial investment.

 

ETH recovering well and BTC going for 2k

Anyone in with the lesser coins in order to gain on a bigger volume?

Ripple and STR on a recent run.

 

2000!!!!!!!!!!!!!!!!!!!

 

The first pages of this thread are hilarious.

 

Yea.... a currency that doesn't maintain it's value isn't a currency. Seems bitcoin is pure speculation at this point.