Major self-selection bias in this poll. People who don't care about bitcoin (and therefore own zero) won't click on the poll.
Poll: How many Bitcoins do you own?
91–100 of 128 posts
Re: Poll: How many Bitcoins do you own?
#92I 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.
A very good point; thank you for making it. For people like me who don't keep track of the exchange rates for BTC at all, it fundamentally changes the way the poll looks.
At first glance it seemed to me this poll said pretty clearly that HN doesn't trust BTC (and to an extent, it still does, it just softly suggests it rather than shouting it with irate certainty). Having this context makes the result less interesting but at least frames it appropriately.
Re: Poll: How many Bitcoins do you own?
#93Major self-selection bias in this poll. People who don't care about bitcoin (and therefore own zero) won't click on the poll.
This may be countered by the fact that people who sign up and log in to HN (and most other sites that allow user commentary) in the first place tend to be vocal about their opinions and predilections.
I don't have much faith in BTC and don't own any, but still participated. I'm not saying the bias you mention doesn't exist, but it's not as black and white as you state.
Re: Poll: How many Bitcoins do you own?
#94Looks like (at least for now) most of the people here (including me) do not care about bitcoin (less than 10 bitcoins).
If everybody here had ~10 bitcoins, that would only be enough for ~1,100,000 people in the world to own bitcoins.
If Bitcoin ever becomes mainstream... most people will have well below 0.01 BTC in their wallets at any given time.
Re: Poll: How many Bitcoins do you own?
#95Zero. I dislike the idea of using bitcoin for currency speculation, though I look forward to using it for normal transactions sometime in the future when it stabilizes and when buying/selling them on demand becomes more streamlined.
Basically I am interested in "bitcoin, the cryptocurrency", not "bitcoin, the investment".
Re: Poll: How many Bitcoins do you own?
#96Total bitcoins in existence ~12M
Bitcoins claimed to be owned by people participating in this poll ~35M
Re: Poll: How many Bitcoins do you own?
#97Earlier quoted context omitted.
I don't currently own any. However I did pick up a Raspberry Pi recently, which made me a little interesting in the bit coin thing. I'm curious if a RPi cluster could (slowly) but efficiently (from a power consumption standpoint) mine.
I don't think the RPi could be much more than a status monitor for connected ASICs. The Pi's CPU is capable of around 0.2MHashes/sec at 3.75W[0] whereas even a weedy USB ASIC such as the BitForce SC 5Gh/s is capable of 5,000MHashes/sec at 30W[1] [0] https://en.bitcoin.it/wiki/Mining_hardware_comparison#ARM [1] https://en.bitcoin.it/wiki/Mining_hardware_comparison#ASIC
Ah, well, there ya go. Shows I haven't put much thought into it. I'll have to find another reason to justify building a Pi cluster! ;)
Re: Poll: How many Bitcoins do you own?
#98Zero. I dislike the idea of using bitcoin for currency speculation, though I look forward to using it for normal transactions sometime in the future when it stabilizes and when buying/selling them on demand becomes more streamlined. Basically I am interested in "bitcoin, the cryptocurrency", not "bitcoin, the investment".
There are several bars and restaurants in my neighbourhood that accept BitCoin, so I'm happy to have some for day-by-day use. Especially as most places in Berlin don't accept cards
Re: Poll: How many Bitcoins do you own?
#99I mined about 50BTC years ago (when it took around 1 day CPU time), but a constantly deflating currency seemed like a dumb idea so I deleted it. It still seems like a dumb idea, but now I wish I hadn't.
Wait, you just deleted 50 BTC? That was possible?
Very possible. I was in the same boat as parent - I set up my all of my school's lab computers to mine. Ended up with quite a lot of BTC, which I didn't bother backing up since they weren't worth anything at the time. Needless to say when BTC bubbled I was kicking myself.
Re: Poll: How many Bitcoins do you own?
#100Looks like (at least for now) most of the people here (including me) do not care about bitcoin (less than 10 bitcoins).
If everybody here had ~10 bitcoins, that would only be enough for ~1,100,000 people in the world to own bitcoins. If Bitcoin ever becomes mainstream... most people will have well below 0.01 BTC in their wallets at any given time.
That makes me wonder if they'll come up with names for fractional bitcoins just because people hate dealing with decimals.