The point of owning a fixie is accumulating "street cred" and "hipster points" that can be spent in many stores across the U.S.

In all seriousness, you feel a greater connection to the bicycle. You are part of it when riding a fixie. Me, I likes me gears here where hills abound. You can do bada$$ tricks on a fixie, part of the being connected thing. It is best to be fit-as-hell when riding a fixie too. Also, going down large hills on a fixed gear blows, hardcore. Your legs are spinning like a freaking outta-control wind turbine. I'm a big fan of multiple gears. I would never use one here. Just not practical. They are quite simple and elegant. Well, I'm sure everyone has different input.