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Does anyone here use Bitcoins?
Renegade:
^Out of curiosity - exactly where and how do you spend them?
-40hz (March 22, 2013, 08:32 AM)
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Lots of places, and in exactly the same way as anywhere else.
From what I've personally seen, there isn't much I'd be all that interested in I could use them for.
-40hz (March 22, 2013, 08:32 AM)
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Really? ;)
At least so far. But I don't do much in the way of transactions I'd feel the need to stealth, so maybe I'm just not part of that demographic where 'buyer anonymity' seems to be the major selling point.
-40hz (March 22, 2013, 08:32 AM)
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Ah yes... Now I understand your point. You want every merchant you deal with to keep track of every purchase.
How much milk do you buy?
What brand of toilet paper do you buy?
etc. etc.
Yes. It's a great thing to have zero privacy in your normal purchases. ;)
(In case you haven't noticed, this is a ball-busting post. :P )
So I'm genuinely curious...just how usable for mainstream purposes are they as of right now?
-40hz (March 22, 2013, 08:32 AM)
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By "mainstream" you mean "tracked"? :P
There are many sources out there that accept BTC and many that ONLY accept BTC.
Who cares who is buying? If you're selling ACME rocket skates, do you really care who buys them as long as people buy? Is it important WHO buys them?
Well, I suppose in a totalitarian and dystopian world where everything is controlled... well... that's a Basement topic. ;)
Yup.:P How about the people who got their accounts cleaned out in any one of several net heists successfully perpetrated on various Bitcoin exchanges? News like this or compilations like this don't exactly give me warm fuzzies...
-40hz (March 22, 2013, 08:32 AM)
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Yes. Let's please tally the amount of money stolen from people in BTC and the amount stolen in other currencies. Yes. Let's do that. ;) I have a sneaking suspicion that the amount of stolen USD only will dwarf any BTC thefts. But let's not confuse the topic of a currency with the degree to which money is protected. ;)
*** For those not willing to read critically, I just critiqued the security of money. i.e. If I rob you at gun point, I just steal your money. There is no difference when BTC is robbed/stolen. None. Zero. Nadda. This isn't up for debate or discussion. It's a simple matter of fact for anyone that actually understands the issues at hand there.
@Ren - sorry. Couldn't resist. :P (Definitely have way too much free time on my hands these last two days.) ;) :) :Thmbsup:
-40hz (March 22, 2013, 08:32 AM)
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Hehehehe~! Me neither! :D
We have to have some fun aggressive banter at some point~! ;D
Oh, and BTW, I made around $300 in a few hours today for doing jack all other than buying some BTC. :P
Now, I may lose later, but I really doubt it. All indicators say that I've got a serious upside.
40hz:
@Ren - So ok. Next week I need to: buy some hardware for a client project, get a new set of flatwound bass strings (Daddario Chromes!), pay a few utility bills, pick up some groceries, buy another friggin' tank of gas, and pay my GF's car tax. Assuming I had $3000 in a Bitcoin account - could I use it for any of the above? That's what I mean by "for mainstream purposes."
My earlier question wasn't meant to be a challenge. I'm just seriously interested in where you can use botcoins for non-geek types of products and services. Because if I'm going to introduce an additional point of potential theft, fraud or failure into my financial life (to complement the risk I already have using my country's banking system and legal currency) then I'd like to at least be able to use it on a day to day basis. That's all.
Every time I ask where bitcoins are accepted I hear: Plenty of places! But when I ask specifically where, all I usually get are things like some web services (Wordpress), a few non-EBay auction sites, some 'gray area' file sharing services (Megaupload), a big bunch of online casinos, and some unabashedly illegal online "pharmacies."
So again - who in the "mainstream" is accepting bitcoins for "mainstream" purchases? :huh:
Oh, and BTW, I made around $300 in a few hours today for doing jack all other than buying some BTC. :P -Renegade (March 22, 2013, 11:00 AM)
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BFD. I know attorneys and doctors who turn twice that in an hour and do even less to get it. :P
Now, I may lose later, but I really doubt it. All indicators say that I've got a serious upside.
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That's where you come up short compared to them. They won't loose it later. And they have "serious upside" too. :P :P
;D 8) :Thmbsup:
TaoPhoenix:
Update:
See this note about the US getting grumpy and applying Money Laundering laws against Bitcoin.
You didn't think they'd allow a brand new currency, did you?!
http://online.wsj.com/article/SB10001424127887324373204578374611351125202.html
40hz:
Update:
See this note about the US getting grumpy and applying Money Laundering laws against Bitcoin.
You didn't think they'd allow a brand new currency, did you?!
http://online.wsj.com/article/SB10001424127887324373204578374611351125202.html
-TaoPhoenix (March 22, 2013, 12:42 PM)
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The reaction was inevitable. The outcome is predictable. :o
tomos:
^40, I'm not sure what you mean by "the outcome is predictable".
According to that article it's given bitcoin credibility:
The value of a bitcoin rose to more than $60 a unit from less than $49 on one exchange following the release of FinCen's new guidance—a move that Mr. Garzik attributed partly to a new level of certainty and legitimacy that federal recognition attaches to bitcoin transactions.
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Re spending it:
why would anyone want to spend it when the price is inflating so much - which means of course that it's pretty useless as an active currency - but good as an investment (for the moment anyways).
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