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Poll: How many Bitcoins do you own?

news.ycombinator.com

61–70 of 128 posts

Re: Poll: How many Bitcoins do you own?

#61
I have just over 2 BTC, but now that Silk Road is closed down, I don't really have any use for them - my only purchases were pharmaceutical drugs that I can't get without prescription in my country.

So I'll probably just hang on to them in case Bitcoin shoots up in value some day, and I can sell them for real money.

Re: Poll: How many Bitcoins do you own?

#62
post #38
post #35

I own ~2.4 (bought them for 10€) but I forgot the password to my encrypted wallet.

And this is why you should keep a txt file with all your passwords uploaded to dropbox, trust me.

That would mean Dropbox reading all passwords. Use KeePassX or any such tool and store the data file in Dropbox instead

Re: Poll: How many Bitcoins do you own?

#63
post #50
post #48

0 representation here - I do not own any, though that is reflective to my fiscal status currently though have not owned any previously either. Why I own 0 bitcoins (currently): One aspect I find facinating about bitcoins over normal money is how they can be tracked and every coin can be audited openly down to its creation. Whilst with notes this is possible, tills and other transactions do not note down those serial…

[deleted]

I was not aware of that; But in many ways it is still more auditable than alternative currencies. In some respect this tumbler sounds like money laudering albiet more detectable than alternative currencies. I would also imagine that such brokering/proxy services would still be reliant in that they kept records in a non-public form that would still be open to legal recorse via law authorities.

Re: Poll: How many Bitcoins do you own?

#65
I have 1 BTC I really love the idea of using it and if a had a easy and consistent way of getting it i would use it for most of my online transactions.

As it stands now it's incredibly hard to find someone selling BTC unless you're willing to mail a copy of your ID over the internet something i would never do.

Re: Poll: How many Bitcoins do you own?

#67
post #52

Zero here. I don't own any bitcoins for the same reason I don't own any British pounds or Russian rubles: no reason to.

Not even as a way to diversify some of your savings?

BTC isn't a reliable store of value under any reasonable standard.

Re: Poll: How many Bitcoins do you own?

#68
post #4

The last time my interest was piqued I found it so difficult to buy them in the UK (looked like the best way was to wire some money so someone in France…) that I gave up.

Yep, same here. Recently used https://bitbargain.co.uk (no affiliation at all) to get myself a couple though, and was surprised just how simple it was.

bitbargain certainly seems to be a step in the right direction. I guess being an escrow service allows them to skip a lot of the legal work involved in setting up an exchange.

Are their prices set very much higher than the 'going rate' for bitcoins?

Re: Poll: How many Bitcoins do you own?

#69
post #19

Earlier quoted context omitted.

Exactly this. I have some nonzero amount when I mined for 1 afternoon. Technically I don't have zero but I shouldnt be in the same category as people with a thousand dollars worth. With that said.... I said I have zero in the poll.

I think I have .0005 left over in a wallet somewhere. I also said zero. Seeing all this loose change and no easy way to get it out of there I'm wondering if someone can suggest a charity who would accept the measly amounts but use the aggregate for good.

Ha. I wonder. If there are only a couple nerds like us we might only get 5 dollars or something.

A charity proxy would be cool though, that way people like us have the ability to only donate .0005 and the people with 10,000+ can donate too. Then the proxy converts it to real money and donates it to a particular charity.

Re: Poll: How many Bitcoins do you own?

#70

I think 0-10 is a too large a range. There's a big difference between having $10 worth (~0.07 BTC) and $1500 worth (~10 BTC). The first is what I have, which is basically play money. The latter is a more significant investment.

Agreed, I bought the minimum amount from Coinbase out of interest (and giving myself a financial stake in something I am interested in and support). But that's ~.200001 BTC for a value of ~25
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