Lmao @ people buying subway and etc w/ BTC!!! - page 2.

B!tC0in

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Quote from: Moebius327 on November 21, 2013, 08:58:07 PM

This OP

Quote from: Dafar on November 21, 2013, 01:47:35 PM

I used to have 10,000 bitcoins.

spent it on shrooms in silkroad

The story of a huge number of early Bitcoin users. Most of the people I know who are big into bitcoin are those that got into it early through its merits of being able to buy drugs off SR. OFC they all massively regret paying what is now $10000 or even $100,000 for a few grams of some chemical purchased off the road but bitcoin wouldn't be where it was today if it wasn't for these transactions. If everyone bought and held it wouldn't be a currency.

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: ralree on November 24, 2013, 02:08:22 PM

I love how short-sighted this argument is. Here I'll make it really simple:

Buy something with BTC
Open coinbase and buy the same amount of coins back

That should answer your question.

And pay an additional 1% on all my purchases? Huh

For what purpose? I'd rather use a CC and let the business eat the costs or just use cash and keep the 1% for myself.

BitTrade

full member

Activity: 173

Merit: 100

The purpose of a currency is to purchase things, not to increase the value of OP's speculative interest in bitcoin via hoarding. OP realizes that once people stop hoarding bitcoin, the value of each unit may decrease. His post is self-interested, not bitcoin-interested.

ralree

hero member

Activity: 518

Merit: 500

Manateeeeeeees

I love how short-sighted this argument is. Here I'll make it really simple:

Buy something with BTC
Open coinbase and buy the same amount of coins back

That should answer your question.

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: teukon on November 24, 2013, 01:21:41 PM

So how would you buy a Subway sandwich OP (or supporters)?

If your answer is fiat then may I ask: why are you holding fiat?

Two words:

"Mass Adopted" Wink

teukon

legendary

Activity: 1246

Merit: 1011

So how would you buy a Subway sandwich OP (or supporters)?

If your answer is fiat then may I ask: why are you holding fiat?

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: adamstgBit on November 22, 2013, 11:38:47 AM

Quote from: Dafar on November 21, 2013, 08:45:22 PM

Are you f***ing serious?? lol.... You do realize that in a year or two, that BTC you just spent is gonna be worth a lot more... congratulations, you just bought a sandwich for $300 LOL!! These stores are smart to accept bitcoins and store as much as they can early on

this is stupid. just stupid. your stupid. i dont feel like explaining to you why your stupid.

It's "you're stupid", not "your stupid". Sure glad you're so smart.

Grin

It's true, Bitcoin has to be spent to help Bitcoin grow. For me though, I'm interested in enriching myself and my family, so spending them on something as silly as a Subway sandwich is completely out of the question. "Spend Bitcoin, then go rebuy the equivlant back in Bitcoin"?? Huh

Rediculous on so many levels. Convience is one and the extra 1%, plus my time which has value, and this thinking makes no sense to me.

This is the downside of a deflationary currency and in time we will see if it makes or breaks Bitcoin as a transactional currency.

HoboTheClown

newbie

Activity: 24

Merit: 0

Using bitcoin now helps everyone in terms of growth if bitcoins. Besides, if the people who bought those subway sandwiches are miners, does it matter how much the spend? Not really. If they bought bitcoins early on, do you think they care also? Nope, they made a profit still. I'd like to spend some bitcoins locally. I don't have much but with the price rise, it would be a treat.

420

hero member

Activity: 756

Merit: 500

Quote from: Dafar on November 21, 2013, 08:45:22 PM

Are you f***ing serious?? lol.... You do realize that in a year or two, that BTC you just spent is gonna be worth a lot more... congratulations, you just bought a sandwich for $300 LOL!! These stores are smart to accept bitcoins and store as much as they can early on

oh...i could cash some btc and get some food...or go hungry and sit on my money for moar footcher riche$!

JayDT

newbie

Activity: 5

Merit: 0

Quote from: TTBit on November 21, 2013, 09:19:10 PM

What if the merchant gives a 50% discount for using BTC?

Customer: gets $10 sandwich for $5. Spends $5 and gets more BTC
Merchant: gets $5 worth of bitcoins today, but will be worth $10+ with patience.

WIN-WIN. The advantages of a strong currency in action - encouraging work and production.

The only reply worth reading on this thread (although I stopped reading at this one).

Ecurb123

full member

Activity: 182

Merit: 100

nothing wrong with buying a sandwich with btc. When you go to buy your btc just buy some extra above what you would normally get just for buying sandwiches.

beetcoin

sr. member

Activity: 434

Merit: 250

OP is just a speculator who is in the game to make money, not to spread the idea behind what bitcoin stands for. he can look down on people as condescendingly as much as he wants, but he's still a self server.

cfrm

full member

Activity: 171

Merit: 100

I'd go buy a beer in Copenhagen right now with Bitcoin at http://www.thejane.dk/, if there was a bloody well-functioning bitcoin app for Windows Phone.

Tirapon

hero member

Activity: 898

Merit: 1000

Quote from: adamstgBit on November 22, 2013, 11:38:47 AM

Quote from: Dafar on November 21, 2013, 08:45:22 PM

Are you f***ing serious?? lol.... You do realize that in a year or two, that BTC you just spent is gonna be worth a lot more... congratulations, you just bought a sandwich for $300 LOL!! These stores are smart to accept bitcoins and store as much as they can early on

this is stupid. just stupid. your stupid. i dont feel like explaining to you why your stupid.

HAHA, f*cking LOL!

hacknoid

sr. member

Activity: 418

Merit: 252

Proud Canuck

Quote from: RodeoX on November 22, 2013, 09:45:09 AM

So your laughing at me for buying stuff at a discount? I buy bitcoins, wait a month, then go 1/2 price shopping. Hahaha... Huh

Quote from: btbrae on November 21, 2013, 09:47:02 PM

I'd buy a subway sandwich for BTC then log on my computer and buy the equivalent back from the exchange.

Two perfect solutions to the problem OP seems to think exists. Go the first route if you hold faith that the exchange rate will go higher, or at least stay the same. Take the second option if you want to play it safe. In either case - YOU CAN ALWAYS BUY MORE! See my sig below... it's not rocket science. If you want to support the economy (and help it grow, along with any holdings you may have), just buy coin and spend it!

I've done this several times (route 1 above) and each time wound up getting the equivalent if a 10-20% discount. Of course that was before the current price rise!

OP clearly has a pretty narrow view... OMG! I spent my coins! And there is no way to get more... Roll Eyes

theecoinomist

full member

Activity: 200

Merit: 100

Quote from: beetcoin on November 21, 2013, 08:48:31 PM

Quote from: Dafar on November 21, 2013, 08:45:22 PM

Are you f***ing serious?? lol.... You do realize that in a year or two, that BTC you just spent is gonna be worth a lot more... congratulations, you just bought a sandwich for $300 LOL!! These stores are smart to accept bitcoins and store as much as they can early on

are you serious? when you buy BTC, just buy more by the amount you'd be willing to spend in cash. unless you're talking about people who are willing to starve themselves to become rich on BTC one day.

also encouraging people to hoard their BTC is not really going to help the value of yours.

Stupid OP's gonna be stupid

corebob

full member

Activity: 238

Merit: 100

Quote from: hilariousandco on November 22, 2013, 11:33:09 AM

Quote from: corebob on November 22, 2013, 11:16:16 AM

Quote from: SaltySpitoon on November 21, 2013, 08:47:06 PM

Unless no one spends their coins, in which case in a year or two your BTC will be worth 0

Thats right.

Those who has a lot of btc should put some of them into the market we need to build, even if it doesn't pay off right away

Nope. If people buy up all the shares of a company or all the gold or whatever, it doesn't make them worthless; it makes them rarer and therefore worth more. Bitcoin, like anything, only gets its value from what people are prepared to pay for it. And people are still buying and selling Bitcoin. Sure, there's more and more hoarders everyday, but Bitcoins are constantly coming into circulation via mining and those miners need to eat and pay their electric bills. Scarcity only pushes the value of something up and there will always be people who decide to capitalise on this and sell their coins.

BTC is a currency after all, you are free to buy, sell, trade or save. Completely up to you.

What are you saying nope to?

indianplayers

member

Activity: 113

Merit: 10

Look Nostradumbass like everyone says. Bitcoin is very risky it can be worth thousands, or nothing in 2 years, so why not spend and try to help it be on the thousands of dollars side. If you don't buy/spend this currency is going nowhere.

adamstgBit

legendary

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Trusted Bitcoiner

i cant wait for a store to accept bitcoin in montreal

i have many $$ sitting there waiting to be spent using bitcoin.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Dafar on November 21, 2013, 08:45:22 PM

Are you f***ing serious?? lol.... You do realize that in a year or two, that BTC you just spent is gonna be worth a lot more... congratulations, you just bought a sandwich for $300 LOL!! These stores are smart to accept bitcoins and store as much as they can early on

this is stupid. just stupid. your stupid. i dont feel like explaining to you why your stupid.

Topic: Lmao @ people buying subway and etc w/ BTC!!! - page 2. (Read 5549 times)