Topic: How long until someone can live on Bitcoins only? (10 BTC Bounty) (Read 2276 times)
There should be a "Never" option, for completeness. I'm optimistic that it will happen, though
July 27, 2011, 02:26:35 AM
I could do this, but I'd spend a bit more than 10 coins doing it. I'll burn through my stash if there was a pooled escrow following me.
July 26, 2011, 10:57:21 PM
I think if it will not be reached soon then it will never be reached.
July 26, 2011, 06:12:47 PM
You technically can already. You can buy meat, jerky, hotels, motels, socks, shirts with bitcoin. If you own a house you can buy solar panels.
1x4d2A4tbNkmcfN1g7X1qCQMsTMx7SdjC send it
1x4d2A4tbNkmcfN1g7X1qCQMsTMx7SdjC send it
1) I'd like to see you live on meat and jerky alone;
2) I don't consider a hotel or motel to be a permanent living arrangement;
3) Are all these businesses physically located within 50km of your home?
4) Where are your receipts?
5) You missed transportation altogether;
6) You obviously didn't even read my post; and
7) Fail.
July 26, 2011, 04:03:53 PM
You technically can already. You can buy meat, jerky, hotels, motels, socks, shirts with bitcoin. If you own a house you can buy solar panels.
1x4d2A4tbNkmcfN1g7X1qCQMsTMx7SdjC send it
You missed this part... must have been the bold:1x4d2A4tbNkmcfN1g7X1qCQMsTMx7SdjC send it
"I will pay out 10 BTC to the first person that can prove to me that they've achieved the above. Proof includes links to websites of businesses with which transactions occurred (to prove they officially accept Bitcoin - not required for proof of rent paid) as well as scans/photos of receipts."
July 26, 2011, 03:59:36 PM
You technically can already. You can buy meat, jerky, hotels, motels, socks, shirts with bitcoin. If you own a house you can buy solar panels.
1x4d2A4tbNkmcfN1g7X1qCQMsTMx7SdjC send it
1x4d2A4tbNkmcfN1g7X1qCQMsTMx7SdjC send it
3) All of the transactions in requirement (2) happen
4) Rent is paid for (or home purchased) in Bitcoins;
5) Bitcoins are never converted to other currencies to complete transactions;
Damn, i don't even match those requirements in Euros right now.
What about intermediaries who make the BTC/USD conversion transparently?
I think it's a bit hard to know where to draw the line here. For example, what about merchants offering their products through bitcoinworldmarket.com to be sold for BTC but choose to be paid in USD themselves (bitcoinworldmarket.com does the BTC/USD conversion without your knowledge)? In this case you could not even tell if the merchant does accept Bitcoins "directly".
The extreme case would obviously be some service you can pay for in Bitcoins which takes care of all your USD bills for you.
I don't want to be nitpicking here but I think it's an important question (not just for this bounty) because we're inevitably going to see more such intermediary services in the transition period towards a full-fledged Bitcoin economy (which is probably what you're aiming for in your poll).
If your question does not include such services then despite all my usual optimism, I don't think your bounty will ever be claimed.
I think it's a bit hard to know where to draw the line here. For example, what about merchants offering their products through bitcoinworldmarket.com to be sold for BTC but choose to be paid in USD themselves (bitcoinworldmarket.com does the BTC/USD conversion without your knowledge)? In this case you could not even tell if the merchant does accept Bitcoins "directly".
The extreme case would obviously be some service you can pay for in Bitcoins which takes care of all your USD bills for you.
I don't want to be nitpicking here but I think it's an important question (not just for this bounty) because we're inevitably going to see more such intermediary services in the transition period towards a full-fledged Bitcoin economy (which is probably what you're aiming for in your poll).
If your question does not include such services then despite all my usual optimism, I don't think your bounty will ever be claimed.
2) All of this person's needs (food/transportation/shelter) are met through spending only Bitcoins at businesses that officially accept Bitcoin (not at a business making a one-time exception);
3) All of the transactions in requirement (2) happen in person (offline) with businesses located within a 50mi/80km radius of the individual;
3) All of the transactions in requirement (2) happen in person (offline) with businesses located within a 50mi/80km radius of the individual;
Why is this necessarily to pay for everything offline? Many people already pay for rent or make housing payments online. In some cases, you can even pay for food and transportation online.
Good point. I will remove the "offline" requirement but keep the distance requirement.
Thanks for good promotion initiative. But prize money are not so high to really motivate people. Probably, you may try to appeal for donations to support this project .
. By the time he has to pay out.. who knows how high 10 BTC may be!?
To achieve this, bitcoin will have to be pretty much mainstream. 10BTC will be worth allot!
Thanks for good promotion initiative. But prize money are not so high to really motivate people. Probably, you may try to appeal for donations to support this project .
. By the time he has to pay out.. who knows how high 10 BTC may be!?
Next year i guess.
Thanks for good promotion initiative. But prize money are not so high to really motivate people. Probably, you may try to appeal for donations to support this project .
. 2) All of this person's needs (food/transportation/shelter) are met through spending only Bitcoins at businesses that officially accept Bitcoin (not at a business making a one-time exception);
3) All of the transactions in requirement (2) happen in person (offline) with businesses located within a 50mi/80km radius of the individual;
3) All of the transactions in requirement (2) happen in person (offline) with businesses located within a 50mi/80km radius of the individual;
Why is this necessarily to pay for everything offline? Many people already pay for rent or make housing payments online. In some cases, you can even pay for food and transportation online.
Requirements:
1) The individual has a job or runs a business that pays them in Bitcoins;
2) All of this person's needs (food/transportation/shelter) are met through spending only Bitcoins at businesses that officially accept Bitcoin (not at a business making a one-time exception);
3) All of the transactions in requirement (2) happenin person (offline) with businesses located within a 50mi/80km radius of the individual;
4) Rent is paid for (or home purchased) in Bitcoins;
5) Bitcoins are never converted to other currencies to complete transactions;
6) Utilities need not be paid in Bitcoins.
Mandatory:
- Groceries
- Shelter
- Local Transportation
- At least two occurrences of long-distance (>200km) transportation being paid for with Bitcoins (airplane ticket/train ticket/rental car/owned car/fuel, etc), and meeting the rules set out in requirements 2, 3, and 5.
I will pay out 10 BTC to the first person that can prove to me that they've achieved the above. Proof includes links to websites of businesses with which transactions occurred (to prove they officially accept Bitcoin - not required for proof of rent paid) as well as scans/photos of receipts.
1) The individual has a job or runs a business that pays them in Bitcoins;
2) All of this person's needs (food/transportation/shelter) are met through spending only Bitcoins at businesses that officially accept Bitcoin (not at a business making a one-time exception);
3) All of the transactions in requirement (2) happen
4) Rent is paid for (or home purchased) in Bitcoins;
5) Bitcoins are never converted to other currencies to complete transactions;
6) Utilities need not be paid in Bitcoins.
Mandatory:
- Groceries
- Shelter
- Local Transportation
- At least two occurrences of long-distance (>200km) transportation being paid for with Bitcoins (airplane ticket/train ticket/rental car/owned car/fuel, etc), and meeting the rules set out in requirements 2, 3, and 5.
I will pay out 10 BTC to the first person that can prove to me that they've achieved the above. Proof includes links to websites of businesses with which transactions occurred (to prove they officially accept Bitcoin - not required for proof of rent paid) as well as scans/photos of receipts.
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