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Topic: What products and services are inherently better bought with BTC? (Read 1598 times)

nakowa

member

Activity: 83

Merit: 10

Quote from: wareen on July 15, 2011, 01:54:07 PM

Quote from: Jaime Frontero on July 15, 2011, 11:47:14 AM

Bitcoin Master Card Bitcoin
-----------------|---------------------------------|------------------------>>

Nice observation! Although it seems a bit, um... one-dimensional

Luckily there are other good reasons to buy something with Bitcoins. One additional use-case which comes to mind is everything you don't want anybody to know about - like products for some medical condition or anything regarding your sex-life. Removing the payment processing companies from the chain of information flow increases your privacy.

Nice illustration! thank you!

RodeoX

legendary

Legendary level

Activity: 3066

Merit: 1147

The revolution will be monetized!

Digital products would be at the top of my list.

wareen

legendary

Legendary level

Activity: 910

Merit: 1001

Revolutionizing Brokerage of Personal Data

Quote from: Jaime Frontero on July 15, 2011, 11:47:14 AM

Bitcoin Master Card Bitcoin
-----------------|---------------------------------|------------------------>>

Nice observation! Although it seems a bit, um... one-dimensional

Luckily there are other good reasons to buy something with Bitcoins. One additional use-case which comes to mind is everything you don't want anybody to know about - like products for some medical condition or anything regarding your sex-life. Removing the payment processing companies from the chain of information flow increases your privacy.

Jaime Frontero

full member

Activity: 126

Merit: 100

sooo... i see a trend.

Quote

What products and services are inherently better bought with BTC?

answer: any good or service whose value is lower than the minimum credit/debit card fee, or higher than the amount of local currency one can own/use/transport without restriction.

for everything else there's mastercard:

Bitcoin Master Card Bitcoin
-----------------|---------------------------------|------------------------>>

wareen

legendary

Legendary level

Activity: 910

Merit: 1001

Revolutionizing Brokerage of Personal Data

Quote from: Alex Beckenham on July 14, 2011, 11:43:20 PM

You could 'buy' asset protection from an ex-wife, if you stored your wealth in encrypted bitcoins.

Grin

Incidentally that's exactly what I was joking about with my wife yesterday evening Wink

Wink

On topic: everything you can buy online might be easier for some people to buy with Bitcoins because other forms of online payment are not available to them. For example: not everybody on the world has a bank account or may be able to get a credit card.

Private sellers can just accept Bitcoins easily for their products or services without having to worry about credit card agreements, charge-back risks or similar. Bitcoin is simply payment between two consenting peers.

As for specific kinds of products or services: anything credit card companies don't want to be involved with, hence denying people to pay for it via credit card. For example donations to WikiLeaks or buying Bitcoins (although that might be a bad example of something that is better bought with BTC Wink

Wink

)

Leon

newbie

Activity: 14

Merit: 0

Quote from: Alex Beckenham on July 14, 2011, 11:43:20 PM

You could 'buy' asset protection from an ex-wife, if you stored your wealth in encrypted bitcoins.

lolololol

Ekaros

hero member

Activity: 728

Merit: 500

Digital one time services. Micro payments which aren't realistic with normal currency.

nakowa

member

Activity: 83

Merit: 10

Quote from: Alex Beckenham on July 14, 2011, 11:43:20 PM

You could 'buy' asset protection from an ex-wife, if you stored your wealth in encrypted bitcoins.

Good answer... for imagination. Grin

Grin

amincd

hero member

Activity: 772

Merit: 501

Any one time online payment, since it doesn't require sharing your credit card.

geek-trader

sr. member

Activity: 294

Merit: 250

Gambling.

Quick in, quick out. Both the gambler and the house are sure they got paid. No one knows your name. Easily divisible for strange odds.

Jaime Frontero

full member

Activity: 126

Merit: 100

anything expensive (i.e., in excess of the amount of currency your country allows you to take out of your own country without restriction or declaration) that you can only buy for cash in another country than your own.

collectibles, art, jewelry, etc.

if you have to pay cash, and you need to buy it in person in another country, Bitcoin is really the best option that exists.

Alex Beckenham

full member

Activity: 154

Merit: 100

You could 'buy' asset protection from an ex-wife, if you stored your wealth in encrypted bitcoins.

casascius

vip

Activity: 1386

Merit: 1140

The Casascius 1oz 10BTC Silver Round (w/ Gold B)

Go to Silk Road and look at the categories list... that may be the best answer to your question.

Add on all the things Silk Road forbids.

I hear certain kinds of beer taste better if you buy them with BTC as well.

nakowa

member

Activity: 83

Merit: 10

If it is possible, and if I really want to buy some illegal drugs, I do prefer using BTC to using my bank account, thanks to anonymity of Bitcoin.

If I were in a country that forbids porn of any kind, I might well prefer using BTC to get an access of some porn websites.

If a product and service could be paid with regular currency with ease, I would have no incentive to use BTC.

Then, what products and services are inherently better bought with BTC? I'm curious.

(BTW, in exchanging markets, Dollars, Pounds, etc., are all products that BTC can buy.)

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