So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.
One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.
Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc
but I really just wanted to get your opinion...
What are some advantages of paying with Bitcoin?
So far, I like paying with Bitcoins because there is no tax involved. Unlike when I pay with fiat or with credit cards, not only is there a huge tax integrated in the purchase but also the transaction has to pass through the banks and some other agencies of the government. They know practically everything. And when I pay with credit cards, I still have to pay it again when the bill comes, double effort. With Bitcoin, no tax and then anonymous and then one time transaction.