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?
Frankly speaking, I don't see any advantage in paying in bitcoin for any goods or service you purchase. Even if it is acceptable in online business but not at all fit for offline business due to the high confirmation time. Imagine waiting for 30 minutes before you can get your hands on a cup of coffee. People with insane patience would be able to handle that but not everyone.
Instead I see bitcoin as a great investment asset which can very well change the course of your future life. So I have taken bitcoin as an investment and I hardly spend my bitcoin for any goods or service. I pay for my daily expenses using the local currency and hold the bitcoins thinking about the future.