With the recent increase in media coverage, it seems like a lot of people are picking up Bitcoin and it got me wondering if anybody knew some good places to actually spend Bitcoin?
I realize that you'd probably make a lot more hanging on to it and just spending regular AUD, but I'd love to hear if you've come across anywhere interesting that let you spend bitcoin as well as whether you would actually use that option to pay instead of AUD.
Good Places to Spend Bitcoins?
TripleJ2 on 19/12/2017 - 16:56
Comments
Japan
Conveniently, that’s where I live ;)
Living Room of Satoshi or Coinjar gives you a card to spend anywhere you like.
Thank you. Will check it out!
On the darknet
The transaction fees on bitcoin mean you will pay more than paying cash so why bother?
Bitcoin is best for money laundering and terror financing
Yep, this. It seems like Bitcoin is just being propped up by the criminal community and everyone seems fine with that.
I was originally very anti crypto, I'm still not sold on bitcoin but it serves it's purpose in Alt Coin trading - but the short story is $5k or 500% in 10 days is a dam good return on investment no matter what anyone says. People can write their articles and have their opinions all they want, while other people are just out there making money while the opportunity is there - so why not join in?
Ethical or not, nobody screamed outrage when the American banks flooded the international market with low doc mortgage backed securities and started going bankrupt left right and centre to make an unregulated buck and throwing economies into decline, making 100's and 1000's of people homeless / unemployed. The federal reserve just bailed the banks out for that behaviour and nobody was prosecuted.
Yet now you have people crying bubble / morality / money laundering / crime /my butt hurts.
What's the big deal? Crime is being committed at the highest level, people only care when it's your average bloke benefitting.
This article sums up my thoughts on cryptocurrency
https://www.cnbc.com/2017/12/19/traders-might-be-misundersta…
I certainly agree that a number of investors are going in completely blind without understanding the differences between Bitcoin and various altcoins, but based on your above post you seem to have a dim view of Bitcoin entirely?
Just the value of bitcoin. No doubt it's here to stay and can facilitate transactions without needing banks but $20k per bitcoin is ridiculous
I would say the value is purely dictated by demand and limited supply. I dont necessarily agree with the use of bitcoin and its value but its definitely here to stay in a certain capacity, I think a few alts will rise up to dominate this crypto space in the near future and become mainstream.
Lambo dealership
Some day :p
Spending Bitcoin in New York
YMMV