Topic: BTC Needs users and not hoarders (Read 3620 times)
So what do you think is the percentage of hoarders and users in bitcointalk alone?
it is important to use Bitcoins in addition to holding Bitcoins. The more robust the actual trade in products and services for Bitcoins becomes, the stronger Bitcoins become as a real and valued currency.
So, do print off that cold storage wallet and know that you are participating in a revolution. But, please keep a small amount of liquid Bitcoins that you spend on services and products.
So, do print off that cold storage wallet and know that you are participating in a revolution. But, please keep a small amount of liquid Bitcoins that you spend on services and products.
"BTC Needs hoarders and not users" can be just as true because if a bitcoiner decides to buy a compu from Dell with btc then Dell will dump those coins for fiat.
Others doesnt need to use it. Most of us here hoards more than they use it. Especially the "not so rich" bitcoin enthusiasts. This might be our escape from poverty.
The problem with this is 99% percentes, aka most average joes can't really risk their FIAT to buy stuff with BTC.
Where is the risk in buying stuff with Bitcoins? Of course, you will have to shop at established sites.
Like what for example?
Check the market place.. You can get information there.
The problem with this is 99% percentes, aka most average joes can't really risk their FIAT to buy stuff with BTC.
Where is the risk in buying stuff with Bitcoins? Of course, you will have to shop at established sites.
Like what for example?
The problem with this is 99% percentes, aka most average joes can't really risk their FIAT to buy stuff with BTC.
Where is the risk in buying stuff with Bitcoins? Of course, you will have to shop at established sites.
The problem with this is 99% percentes, aka most average joes can't really risk their FIAT to buy stuff with BTC. We'll need bigger merchant adoption and more stability and more importantly better wallet and faster smoother behaviour of the software for it to reach a status where people make their daily expenses with BTC mostly. In fact even in the future it may still be seen as a legit store of value like gold rather than an actual currency. We'll see.
If consumers were to use their fiat to buy bitcoin that would then be used to spend at various merchants that accept bitcoin, then what is the difference? The answer is there is none. Consumers would essentially be spending the same amount of wealth/money, however the merchant would incur less costs in accepting the bitcoin so over time they would likely charge less for bitcoin paying customers. 
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Mark, Western Australia
At present, we have returned to trading -- the development work drained our meagre resources -- but we are running 'Un-Ex,' an experiment in crypto-bullion sales on a national basis (Australia). PM me anytime.
Mark, Western Australia
The problem with this is 99% percentes, aka most average joes can't really risk their FIAT to buy stuff with BTC. We'll need bigger merchant adoption and more stability and more importantly better wallet and faster smoother behaviour of the software for it to reach a status where people make their daily expenses with BTC mostly. In fact even in the future it may still be seen as a legit store of value like gold rather than an actual currency. We'll see.
Purse.io gets most of my BTC business. I consistently get 20 - 25% off all of my amazon purchases. You should really try it if you haven"t already.
Never heard of them before, but: that's a very smart system. Thanks for the heads up.
I'll read into it to find out if I consider them fully trustworthy. If that's the case, I think I'll use this regularly in the future.
EDIT: hm. just realized, this probably only works with amazon.COM, so shipping limitations (e.g. to Europe) might apply.
Purse.io gets most of my BTC business. I consistently get 20 - 25% off all of my amazon purchases. You should really try it if you haven"t already.
Thats what am talking about!!! Is it legit?
Why not buy bitcoins before a purchase that you'd normally do in fiat.. and get a discount as a plus .. Waw
I am not asking anyone to depart from their btc just use an replenish instantly
We need all kinds of people in the bitcoin ecosystem - hoarders, spenders, day traders, even people like falllin, 
Purse.io gets most of my BTC business. I consistently get 20 - 25% off all of my amazon purchases. You should really try it if you haven"t already.
Do they let non-US people use it? 
Purse.io gets most of my BTC business. I consistently get 20 - 25% off all of my amazon purchases. You should really try it if you haven"t already.
blah, blah... troll BS... blah, blah... Ponzi... blah, blah...
**rational response***
You're wasting your breath trying to talk sense to Faiiiiling. He's on many people's ignore lists because he's a troll spammer.
Anyone with a brain knows that Bitcoin's not a Ponzi scam. He's just trying to get a rise out of anyone who'll bite the bait.
I believe a time will come when people see Bitcoin as Gold 2.0. It will take time, but slowly, all will come to see it's financial benefits. Then, a day will come when there is a lot of panic buying. I look forward to that day
Bitcoin is just like a Ponzi pyramid scheme today, your fund invested in bitcoin are vanishing because early adopters / merchants are selling / spending / cashing out them very hard (you saw all those " xxx accepted bitcoin" news, most bitcoins accepted are sold right away means your fund has been transferred to the merchants,Convert fiat to bitcoin -> use bitcoin to pay merchant -> merchant convert bitcoin back to fiat)
Only who bought lower than you will sell/use the coins, same as you want more people to buy the price higher than your bought price so you can grab their money and get rich just like a Ponzi scheme
The question is people are getting out, no one is buying your coins, what you left at the end are worthless digital numbers
The Ponzi scheme metaphor applies to any kind of investment: Stocks, funds, real estate, etc... the only way you can profit from an investment is to sell your cheaply purchased goods at a higher price to the next guy, this even applies to normal business, where you purchase cheap raw materials and make expensive products
I marked the "money" as red in your quotes, it seems that people unconsciously regard fiat money as money. Most of the people have this misconception just because they have been used to this idea since they were born, not because that fiat money indeed has any value. This is similar to: Everyone believe that sun goes around earth since they were children, until the day they were educated about the solar system
In fact, those paper are the biggest Ponzi scheme (Central bank produce money extremely cheap and dump it to people in exchange for expensive things, and they have exclusive right to do it, it is a monopole Ponzi)
Bitcoin is not Ponzi because of its manufacturing cost, as long as the money has a manufacturing cost, it is a normal business activity, its price is purely decided by market demand, while fiat money's price is arbitrary decided by the central bank
why not instantly re-buy the same amount of BTC and still pay using BTC and thus supporting the ecosystem?
Or simply instantly convert revenues to Bitcoin and then buy fiat, goods and services as required.
I would not buy anything with a big value nowadays just because the bitcoin will be priced more in the future.
With Bitcoin or with FIAT money? If you're worried to spend your BTC holdings just because they may be worth more, why not instantly re-buy the same amount of BTC and still pay using BTC and thus supporting the ecosystem?
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