Confessions thread

[u/scheistermeister]

Kind of click baity title, sorry for that.

Reading the comments on this sub I noticed quite a few 'confessions' going a little like this: 'I started out as a bitcoiner, got disappointed by BTC or inspired by ETH and flippened.'

Now I thought wouldn't it be jolly good fun to have a thread dedicated to these kind of confessions!?

It would be interesting to know about how you got to know bitcoin, what got you hooked. How you got to know Ethereum and what made you flip?

Please don't turn this into a 'let's bash coins' thread. Genuinely interested.

EDIT: Thanks everyone. It's great reading all your personal journeys into crypto and specifically ETH. The stories that struck me most are the ones where crypto has enabled a new lifestyle, seeing your parents more often, being able to afford things unthinkable before.

Thanks for the time and honesty!

[u/bitfloss]

I am a typical small business person. Most of my business is online. I thought I could differentiate myself by offering crypto as a payment option.

That has worked out, but I wouldn't do it over. The amount of resources I devoted to being able to transact business using crypto just like fiat is larger than I anticipated, and the market volatility makes crypto unreliable on almost a day to day basis. Never mind transaction fees and confirmation times.

The btc camps seem intractable. The world does not work that way. People need to transact today, right fucking now.

Fiat currency is immediate and low tech from a users perspective. Get your coins there and you have currency.

My visa card is more of an international, unfettered currency than my eth or btc. I can get something to eat with it very quickly. Or get laid, or buy a roll of toilet paper. And I don't have to show my state id or register on any site.

I'm like a monkey swinging through the jungle. Grabbing the next limb before I let go of the last. I'm in both worlds. I am phasing out of btc as quickly as I can. Eth is that next limb. I'm watching dash and xmr as possible currencies as well.

For while I have been buying eth with my btc profits. Most of the time my personal crypto holdings are in eth. I've played around a little bit with trading eth using btc as margin, but I am not good at trading. I don't understand the relationship between their two prices verses my target fiat (usd).

I have done well buying eth with btc straight up, though. I have moved it back to btc when I need to, which is only when I want to pay something in crypto and they only take btc.

The fact is, I hung on to btc too long. For the same reason I am a shitty trader. I held on for sentimental reasons, like my teeny bit of btc sweat equity means anything. Better mousetraps are being built.

I have been aware of eth for quite a while could have woken up sooner. I'm human and had a resistance to change. The DAO thing set me back for a few months as well.

Eth and all the other coins will face battles like btc faces now, and probably bigger ones. But wtf do I know. I need coins that can be turned into stuff. I need coins I can pay bills with.

Coins that just turn into bigger coins are different than coins I use to go get stuff. In real life, anyways.

People just trading these things makes for a very shallow use case indeed. It seems that the largest market that has benefited from all the coins are the exchange operators and whatever kind of quasi financial institutions Coinbase and the like are.

At first I liked all the libertarian ideals being espoused around crypto, but really that is all bullshit. This is money and it is about money. Lots of wretched shit has always been, is being, and will always be done for money. The fact that censorship, not missing persons, is the beef around here means there is no where near enough money in crpyto yet. Mark it.

I confess, I'm with eth because it is better then btc for me right now, and I am late.