Topic: Vow not to exchange bitcoin for fiat - page 3. (Read 3844 times)
Maybe to raise awareness, people who pledge to hold onto their Bitcoins even in the face of temptation could all wear a ring as a symbol of their pledge? This way, when they're in the heat of trading and are tempted to click the mouse and sell off their precious coins, then would see the ring and remember what Bitcoin is really about. Not money, but something more.
I have never exchanged bitcoin for fiat, I am trying not to, but it is hard to vow, though I will always try to persuade those I deal with to conduct the exchanges in bitcoins.
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I find this idea interesting and would support sellers who did this. However, there is almost no where to buy things with bitcoin other than SilkRoad right?
There are tons of places to buy things. Besides my store of course....
I have bought DVD's.
Computer cases
Hard drives
Keychains
Software (physical)
As well I have spend on services such as logo design, advertising and stored value cards.
Erik, suppose I requested that you write an Ode to Liberty to be presented at some event and offered more than fair compensation in bitcoin but with the stipulation or request that you try to spend your earnings within the bitcoin community. Would you deny the request and offer? Out of principal or to keep your options open?
Ehhhh I don't really like the idea of a "vow not to exchange." People will keep the currencies they prefer, and Bitcoin will work its way up there without such vows. One should be led to Bitcoin based on their best economic interest - on reason - not on an order from the brotherhood =)
But in any case, I've never sold coins for dollars, so I'm living the vow anyway!
But in any case, I've never sold coins for dollars, so I'm living the vow anyway!
Sure, I understand the issue fully. But we need to try to connect these trade links whenever possible within the economy, otherwise we have no economy. I am not taking a vow not to convert any of my bitcoin, only when I'm payed or paying with someone else who also makes a sincere effort or request to do the same.
It will be quite tough, depending on your supply chain. If your upstream or goods provider are willing to accept payment in bitcoin, I guess it is possible. If not you still need to convert to pay them in fiat.
Are developers, merchants, or anyone offering goods or services willing to accept payment in bitcoin and vow not to exchange those bitcoin for fiat money?
Are consumers more likely to pay for services and goods if the receiving party vowed not to exchange those bitcoin for fiat money?
I would. On both counts. If requested, I would sincerely vow not to exchange for dollars, euros nor any fiat currency, bitcoin that I received for any goods (tupilak, crafts, etc) or services (programming) I offer, particularly if the counter party took the same vow. Likewise, I'd be more willing to offer bitcoin if I trusted s/he would use the bitcoin within the bitcoin community. Anyone else?
Are consumers more likely to pay for services and goods if the receiving party vowed not to exchange those bitcoin for fiat money?
I would. On both counts. If requested, I would sincerely vow not to exchange for dollars, euros nor any fiat currency, bitcoin that I received for any goods (tupilak, crafts, etc) or services (programming) I offer, particularly if the counter party took the same vow. Likewise, I'd be more willing to offer bitcoin if I trusted s/he would use the bitcoin within the bitcoin community. Anyone else?
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