Yeah. I was wondering if I get any points for spending two or three evenings back in 2014 trying to get some bitcoin and failing due to the complete crappiness of the user experience.
I mean, you get points for trying, but those points don’t go to your final grade. Your final grade is only ever determined by reality, and if you didn’t make millions because of a trivial inconvenience, then you didn’t make millions.
I’m a little curious, can you go into more detail? I had always assumed that the “too inconvenient” barrier was when you had to mine it yourself, or when you had to slowly wire money to some fishy site like Dwolla and from there to some fishy exchange like Mt. Gox, and that by 2014 it would largely seem easier and less risky.
Specifically, I first looked into buying some. I found that all the exchanges required far more of my personal information than I was willing to submit to what looked like and, in retrospect, very well may have been a scam.
Next I tried to mine some, but I didn’t own any computers that could really do it effectively. I only had laptops and if I recall correctly I didn’t have enough spare disk space to hold the blockchain.
I could have persisted along the route of purchasing the bitcoin and exposed myself to really quite significant financial risk. I could have persisted along the mining route and purchased a new expensive computer. While I felt like bitcoin could become A Thing, neither of those options seemed worth the tradeoff.
Yeah. I was wondering if I get any points for spending two or three evenings back in 2014 trying to get some bitcoin and failing due to the complete crappiness of the user experience.
I mean, you get points for trying, but those points don’t go to your final grade. Your final grade is only ever determined by reality, and if you didn’t make millions because of a trivial inconvenience, then you didn’t make millions.
I’m a little curious, can you go into more detail? I had always assumed that the “too inconvenient” barrier was when you had to mine it yourself, or when you had to slowly wire money to some fishy site like Dwolla and from there to some fishy exchange like Mt. Gox, and that by 2014 it would largely seem easier and less risky.
Specifically, I first looked into buying some. I found that all the exchanges required far more of my personal information than I was willing to submit to what looked like and, in retrospect, very well may have been a scam.
Next I tried to mine some, but I didn’t own any computers that could really do it effectively. I only had laptops and if I recall correctly I didn’t have enough spare disk space to hold the blockchain.
I could have persisted along the route of purchasing the bitcoin and exposed myself to really quite significant financial risk. I could have persisted along the mining route and purchased a new expensive computer. While I felt like bitcoin could become A Thing, neither of those options seemed worth the tradeoff.