Legitimate use of Bitcoin | Bitcointalksearch.org

Steve

hero member

Activity: 868

Merit: 1008

Quote from: BladeMcCool on April 13, 2012, 02:08:18 PM

I mostly just use them to donate to cool stuff that accepts it. Generally political or artsy in nature. For example I gave a small amount(s) to Adam Kokesh, The Bitcion Trader, ZhouTonged (music), Archive.org, wikileaks, and Al-Queda. Ha ha just kidding about that last one. Or am I. Yes I am.

Hehe, this made me laugh…I just hope you don't end up on a no fly list.

Spekulatius

legendary

Activity: 1022

Merit: 1000

I just bought 2 issues of the Bitcoin Magazine.
...
...
...
Yeaah, I know, it'll never be published!

But I liked the idea. Im furthermore speculating (<---- watch my name!) with BTC vs USD on MtGox

Red Emerald

hero member

Activity: 742

Merit: 500

Quote from: 2weiX on April 13, 2012, 02:49:48 AM

Quote from: Red Emerald on April 12, 2012, 02:04:10 PM

Quote from: 2weiX on April 11, 2012, 03:08:12 AM

Quote from: Bees Brothers on April 11, 2012, 01:46:45 AM

I'm guessing that he will want me to buy the silver and pay him that instead. Cry

But I think this person will be open to it and will think it is cool. Just a little too technical and won't have the time to learn the ropes. We shall see...

<--- here

Also, people spend their BTC on Gold and Silver a lot.
Since the number of BTC is limited, most if not all BTC spent will find their way back to MtGox et al. for sale.

When I saw this, I thought you wanted me to ignore you lol

yeees, yeees... you I had in mind...
PLAN, WHY U NO WORK OUT?

no seriously... why would that be?

On my screen the arrow points to "ignore" which is just under the link I think you meant to point to

ribuck

donator

Activity: 826

Merit: 1060

I bought some jewellry from BitMit.net

I never expected to be buying things like that with bitcoins, but I found the exact piece I was looking for at BitMit. I hadn't been able to find it by trudging the shops or at Amazon. It arrived on time, in good condition, and made a great birthday present for my wife.

BladeMcCool

member

Activity: 83

Merit: 10

I mostly just use them to donate to cool stuff that accepts it. Generally political or artsy in nature. For example I gave a small amount(s) to Adam Kokesh, The Bitcion Trader, ZhouTonged (music), Archive.org, wikileaks, and Al-Queda. Ha ha just kidding about that last one. Or am I. Yes I am.

2weiX

legendary

Activity: 2058

Merit: 1005

this space intentionally left blank

Quote from: Red Emerald on April 12, 2012, 02:04:10 PM

Quote from: 2weiX on April 11, 2012, 03:08:12 AM

Quote from: Bees Brothers on April 11, 2012, 01:46:45 AM

I'm guessing that he will want me to buy the silver and pay him that instead. Cry

But I think this person will be open to it and will think it is cool. Just a little too technical and won't have the time to learn the ropes. We shall see...

<--- here

Also, people spend their BTC on Gold and Silver a lot.
Since the number of BTC is limited, most if not all BTC spent will find their way back to MtGox et al. for sale.

When I saw this, I thought you wanted me to ignore you lol

yeees, yeees... you I had in mind...
PLAN, WHY U NO WORK OUT?

no seriously... why would that be?

Red Emerald

hero member

Activity: 742

Merit: 500

Quote from: 2weiX on April 11, 2012, 03:08:12 AM

Quote from: Bees Brothers on April 11, 2012, 01:46:45 AM

I'm guessing that he will want me to buy the silver and pay him that instead. Cry

But I think this person will be open to it and will think it is cool. Just a little too technical and won't have the time to learn the ropes. We shall see...

<--- here

Also, people spend their BTC on Gold and Silver a lot.
Since the number of BTC is limited, most if not all BTC spent will find their way back to MtGox et al. for sale.

When I saw this, I thought you wanted me to ignore you lol

Dansko

newbie

Activity: 40

Merit: 0

People look at it as Bitcoin is just for buying illegal stuff. But every currency is used for illegal purposes. When people buy drugs they dont just buy them with bitcoin they buy them with USD also. The Ico6 Consignment Section has done reasonably well recently. That shows that people are also using it for Legal purposes.

Danijel Habek

full member

Activity: 189

Merit: 100

- bought 5 GPU's from users of this forum with BTC or BTC-EUR
- bought some gadgets-presents from Bitmit
- invested in GLBSE companies
- BTC>EUR>HRK conversion bought me some farming equipment, food crop seeds and cuttings, fuel, groceries etc...
- accepting apartment rental for Bitcoin in Croatia - PM me for price and availability

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: minorman on April 11, 2012, 08:26:26 AM

4) Tipping my favorite bloggers when they post something intelligent. Unfortunately many bloggers don't post a Bitcoin address (yet)

Awesome list of uses, minorman!

For #4, there's also http://BTCTip.com which creates a wallet that can be spent only by that Twitter user.
- http://en.bitcoin.it/wiki/Btctip

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Over the past year I've used Bitcoin quite a bit, and never used it for anything illegal. Most of the transactions involved international transfer of value, and some were a long-term BTC investment. Also, sold a few of my mined coins for fiat. This paid off the mining rig completely, which I built so it can work as a powerful desktop too.

Bitcoin will be used for legitimate (or illegal) stuff as much as you and I use it for legitimate (or illegal) stuff, much like fiat cash.

allten

sr. member

Activity: 455

Merit: 250

You Don't Bitcoin 'till You Mint Coin

Quote from: curiousone on April 10, 2012, 10:54:08 PM

Let me start off by saying this post is not bashing Bitcoin, I love the stuff.

What legitimate purchases are currently being made with Bitcoin? My cynical outlook predicts the huge majority are only being used for purchasing illegal products/services on underground websites such as silkroad.

I am aware there is a huge list of websites which accept Bitcoin, but I am guessing they make up a small fraction of bitcoins being used? I'm also sure a lot of donations made to controversial causes like Wikileaks could be considered.

Thoughts? Again I am not bashing, just want to hear your opinions.

allten

sr. member

Activity: 455

Merit: 250

You Don't Bitcoin 'till You Mint Coin

Quote from: curiousone on April 10, 2012, 10:54:08 PM

Let me start off by saying this post is not bashing Bitcoin, I love the stuff.

What legitimate purchases are currently being made with Bitcoin? My cynical outlook predicts the huge majority are only being used for purchasing illegal products/services on underground websites such as silkroad.

I am aware there is a huge list of websites which accept Bitcoin, but I am guessing they make up a small fraction of bitcoins being used? I'm also sure a lot of donations made to controversial causes like Wikileaks could be considered.

Thoughts? Again I am not bashing, just want to hear your opinions.

Bitcoin is not just a currency/economic experiment, it is a social one as well.
What Bitcoin is as a currency is a reflection of the Bitcoin community.
So criticisms about the currency reflect on all and some may find offensive.

I fully understand where you are cumming from.
I've been posting my extra stuff around the house for sale on bitmit.net to try and improve things.
There's a lot of my stuff for cheap to try and entice new users to join this experiment. Other people have done
so much more. It's growing slowly but surely.

"Don't ask what Bitcoin can do for you, but ask what you can do for Bitcoin"

minorman

legendary

Activity: 945

Merit: 1003

Never used SR. Not even sure how to log on, but I constantly use bitcoins for:

1) Paying for my Wuala storage (and getting a huge rebate!!)
2) Paying for my VPN (airvpn) which I use for all my traffic as a matter of principle
3) Paying for my smartphone's VPN (mullvad)
4) Tipping my favorite bloggers when they post something intelligent. Unfortunately many bloggers don't post a Bitcoin address (yet)

I also occasionally use bitcoins for
1) Paying friends for take-away food, etc. (generally I need to introduce them to bitcoin first and help them install a smartphone wallet)
2) Buying various gadets, clothes and other stuff on bitmit and elsewhere
3) Transfering money when I have been abroad: (e.g. euro -> BTC -> USD -> credit union (via Dwolla)) making huge savings on wire fee

Bitcoin rocks!

MoonShadow

legendary

Activity: 1708

Merit: 1010

Quote from: Foxpup on April 11, 2012, 02:11:54 AM

Quote from: MoonShadow on April 11, 2012, 01:34:55 AM

On quick look at bitcoinwatch.com tells me that the total volume of bitcoin in motion in the past 24 hours was 904,380.25 BTC while the volume on the exchanges presented on that same page total under 73,000. Granted, there could be a great deal of cash trading off of those markets and some of that first number is users moving BTC from one address to another. But it seems a bit silly to think that with a daily volume over 10% of the entire monetary base in current circulation, cash/bitcoin trades could make up anything near a majority of real economic trade volume.

But just how much of that 904,380.25 BTC is simply people sending coins to themselves for legitimate (change) or illegitimate (laundering) purposes?

I did mention that as an unknown.

Quote

You don't know. Nobody knows. In any case, 10% of the entire economy is more than a significant fraction, and unless you can show evidence that some other use of bitcoins accounts for more than that, then I stand by what I said.

You don't know that either, so you stand by a myth that you can't possiblely have any more evidence for than I do. And the truth is, I've much more direct & personal experience with the bitcoin economy than thou. My intuitive estimate, based upon my own experiences, says that 1) the moving of coins is less than half of all volume and 2) the cash/bitcoin trade is not more than 25% of the remaining legitimate trade and 3) the black market (excluding grey markets such as second-hand) is less than that. I didn't say that they were insignificant, I said that they were not the majority of the economy.

MoonShadow

legendary

Activity: 1708

Merit: 1010

Quote from: Bees Brothers on April 11, 2012, 02:12:14 AM

Haven't shown the kids the gambling and porn side of bitcoin yet.. Shocked

Did you plan on showing them the gambling & porn side of cash, too?

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

I've personally bought virtual stuff like gamecodes and in game items lately. And I'm contemplating to buy a cpu from the trading thread, and probably a kindle via someone who could ship it to me overseas. The most major use of bitcoins for me was to give out loans easily imho.

2weiX

legendary

Activity: 2058

Merit: 1005

this space intentionally left blank

Quote from: Bees Brothers on April 11, 2012, 01:46:45 AM

I'm guessing that he will want me to buy the silver and pay him that instead. Cry

But I think this person will be open to it and will think it is cool. Just a little too technical and won't have the time to learn the ropes. We shall see...

<--- here

Also, people spend their BTC on Gold and Silver a lot.
Since the number of BTC is limited, most if not all BTC spent will find their way back to MtGox et al. for sale.

MemoryDealers

vip

Activity: 1052

Merit: 1155

I've personally sold about $20,000 USD worth of Cisco gear in the last week for bitcoins.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

The other day I bought a case of Girl Scout cookies for BTC. Yum.

Topic: Legitimate use of Bitcoin (Read 5799 times)