Topic: Have you ever used an alt coin to purchase anything other than cryptocurrency? (Read 1876 times)

absolutely and I want to know who is buying and selling using alt coins so that the CC industry get stronger in real terms.  








wow, that's a great lead, thanks









yes, in fact Bit John originated one it has a ton of merchants on it, many of them are out of business.

This thread was looking more at the action rather than the planning, if there are a hundreds of store and tons of merchandise
and services but people are not using them then the utility of the coin becomes worthless, with out utility the currency becomes a commodity.

The real strength of a currency is in utility.  






Most people were answering the question matter-of-fact not really approaching the subject matter in a discussion type way as you inquired and I wish they did,
my guess is if I asked a better question we probably would have gotten that info -- sorry.


I know of only one 'big' payment processor -- coinpayments.net  however they don't service all coins, but very many.  









however there are tons of electronic goods and services available


Even better, regardless of what country you are in there are many goods and services that are not available in your country that are available in other countries.   Because of climate differences simple things like tobacco, coffee, and water differs greatly from country to country. 

 

Yes, I have bought the following with AppleBytes:
Starbucks coffee
AMC Movie Tickets
Prepaid VISA card
Subway sandwiches
Shakeshack burgers
In-n-Out burgers

See Places to use AppleBytes

More AppleByte Details:

Exchange: Poloniex
Announce Thread: Announce Thread
Website: AppleByte.me
Facebook: AppleByteMe FB Page
Twitter: AppleByteMe Twitter
Reddit: AppleByte Reddit

I want purchase something, but delivery fee to another country is too expensive
And too long. So I never purchase anything

"Jay's Jerky" lives ? or he makes sauce now ? LOL

good list !

i like to hear this stuff but i have to wonder why people all avoid saying HOW.
if i use a proxy i can use any coin to buy anything anywhere basically.
what i think we all REALLY want to know is what coins will be taken directly
or maybe by a well known trusted big payment processor etc.

PS:
AVOID PAYPAL or your an idiot !
Trust me it costs money and time and tons of energy and pissing around fighting them once your account is locked.
The use of digital currencies of ANY kind is forbidden with their TOS and it always has been !
They sent it to me in writing..
And the email they sent me i googled it and i found it had been sent to another guy here at Bitcointalk a year earlier word for word.

Interesting thread. Is there a comprehensive list anywhere of all cryptocurrency merchants?

https://pock.io/

does good business - Steam vouchers Quark, Gets a lot of hits on Twitter etc.

simple and can get anything. support most first tier Crypto.

I bought BBQ sauce from http://sauce4coins.com/ it was pretty good (Bottlecaps).

I have bought beef Jerky (Franko,Bottlecaps)

Itunes cards with Litecoin.

Bought a game on steam for some playcoin.

I like to use alts to buy various things. Isn't that the ultimate goal?

Last week I used darkcoin for annonimization of my funds.

I started with exchanging bitcoins to darkcoins on bitfinex, then did a few runds of darksend, and then i exchanged drks back to bitcoin but used different exchange for that. Then I transferred bitcoins to my fresh bitcoin wallet. My funds are now completely annonymous, and will remain so, until i exit to fiat money (if at all).

what coin did you use, how much did it cost what was the fiat equivalent, was it purchase at the site for the coin and do you have a photo of the merchandise?

I bought a t-shirt... of a cryptocurrency.

Well, I used litecoin to buy mining gear...

i bought domains, servers with doges and btc. I have also paid a guy to buy a nice phone. 

that's fantastic to hear, but could you tell me more about "gocoin and paypal"?  

I've been hearing a lot about what paypal is going to do, did they actually do something?


Those doge purchases where done at physical stores, or online stores?  If online what stores?






thanks for contributing to the discussion, would you elaborate a bit, like what did you buy, what currency did you use, where did you buy it, was it using one of bitpay's tools or direct alt coin payment.

all alt coins need to figure out ways to make their coins useful, seeing what other coins do is often the motivation they need to take their coin to the next level.

With doge i've bought, coffee, LOTS of granola, tea, a couple t-shirts, some stickers, 10mh/s worth of hashlets and now with gocoin and paypal, i'll be buying A LOT more stuff with my doge!

Yes

Are you saying he should not have used Neos and instead used the weaker Bitcoin for the transaction?


This begs the question, which coin do you spend the weak coin or the strong coin?

Using coingateway, this guy just bought these tickets. But with the value about to rise with the release of V2, those were some very expensive tickets lol. But thanks to Joe for making the point and display of how Neos is already able to be used to buy things you need.

https://twitter.com/Bitcoin_Joe/status/515482837555093504

But money's not wanted as a store of value for the sake of storing that value. It's wanted to store value to delay exchanging it for goods and services later, that is, it's wanted for what it can get you, in the future if not now (even when you have to exchange it to fiat first).

Commodity money means you can also use that money as commodity, with some unique properties. I don't think crypto currencies fit into the commodity category, well, not all of them at least. Some of the crypto currencies have unique properties that others don't have. Others are not unique at all. But again, even those unique properties are only as good as being able to exchange them to specific goods and services. After all, you can't eat, wear or make things out of crypto currencies. Definition of commodity doesn't fit. Digital commodity, as some like to name crypto currency, is only useful to define taxing rules, but the commodity part in it is meaningless.

Thanks for the information, it is the critical info that I am looking for.  What was it that most persuaded you to do business with that site -- the site reputation, the coinprocessor, or something else?



 




[re: the part in red], yes, that's what makes it a currency, but when you use it as 'a store of value' it isn't used as a currency instead it is used as a commodity -- hoping it goes up in value.

If you are involved with this forum, or in the CC biz, for any length of time you get the distinct impression that the overwhelming majority of coins are not created to be a currency, but rather to be commodities, which is why the major push is to get the coin to exchange market, not the grocery market.   

Once a currency is used more at stores than at exchanges the value of the coin at the exchange will skyrocket -- utility is the major move.

Isn't any currency not wanted for the sake of currency but for the sake of what you can get with it?
Anyway, most things are cheaper and easier to buy with fiat now, crypto currencies don't have many unique use cases yet.