Topic: why does it matter who directly takes bitcoin? - page 2. (Read 3498 times)
All Things Luxury fits both step 1 and 2 Franky. We are doing our part.
OOOHHH
Electricity company - I paid my last power bill in Bitcoins through https://www.spendbitcoins.com - when they are buying they pay 2% above gox - worked well for me
how about company registration fees? I also paid Ozcoin Pooled Mining Pty Ltd annual review fee to http://www.asic.gov.au/ with Bitcoins through SpendBitcoins and again I got a 2% bonus for trading
Looking forward to the Bitinstant credit card as most of my income is Bitcoins and most of my bills in fiat these 2 services combined should make my life heaps easier
So it is starting to matter less who takes BTC directly
But for a strong and expanding Bitcoin economy we need to expand the ways we can use Bitcoin as a currency.
Where I can, I buy and sell stuff in Bitcoins and encourage others to as well.
I do not believe Bitcoin will replace any fiat currency and I am not of the school that thinks if I cant buy a stick of chewing gum with BTC Bitcoin has failed
I have never walked into a store and asked to pay for a stick of gum with paypal either
Electricity company - I paid my last power bill in Bitcoins through https://www.spendbitcoins.com - when they are buying they pay 2% above gox - worked well for me
how about company registration fees? I also paid Ozcoin Pooled Mining Pty Ltd annual review fee to http://www.asic.gov.au/ with Bitcoins through SpendBitcoins and again I got a 2% bonus for trading
Looking forward to the Bitinstant credit card as most of my income is Bitcoins and most of my bills in fiat these 2 services combined should make my life heaps easier
So it is starting to matter less who takes BTC directly
But for a strong and expanding Bitcoin economy we need to expand the ways we can use Bitcoin as a currency.
Where I can, I buy and sell stuff in Bitcoins and encourage others to as well.
I do not believe Bitcoin will replace any fiat currency and I am not of the school that thinks if I cant buy a stick of chewing gum with BTC Bitcoin has failed
I have never walked into a store and asked to pay for a stick of gum with paypal either
Seriously.. Why does THE important thing for bitcoin seem to be how many merchants take the currency?
Converting between bitcoins and fiat incurs expenses. If I have to cash out bitcoins to fiat, I pay a fee for that. Or if the merchant receiving bitcoins cashes them out to fiat, then the merchant incurs the fee. Sure, it might be less than 1% but it still is an avoidable conversion if I can pay with bitcoins and then the merchant can use the bitcoins for paying for some of its purchases. So the more choices of places that bitcoins can be spent, the less the likelihood that the coins will need to be cashed out.
"Green" Bitcoins would be worth much less. For now, the majority of Bitcoin's value stems from illegal and otherwise illicit transactions; they keep the value as high as it is. There is little-to-no incentive to purchase BTC right now unless you need them to purchase things that would otherwise be unobtainable with fiat currency, or if you want to make an internet purchase without leaving a paper trail. They can be used to store wealth and hide your financial assets from being taxed, at the cost of not having a bank to insure your assets and secure them as such. If merchants started paying employees in BTC it'd be mutually beneficial to the employer and the BTC market as a whole. The employer would be buying up sell orders on the exchanges, raising BTC's value, and he/she wouldn't have to pay taxes. It'd be the ultimate way to get paid "under the table".
understandable.. and thats the hopeful future result.. but to get there u need to get people to trust bitcoin... first of all getting merchants to sell LEGAL products then once your able to buy daily household necessities then wages would be worth being put in as bitcoin as u know theres a nice variety of products to buy and live on.. not just drugs, gold and novalty t-shirts.
theres no point putting ur wages in bitcoin if your landlord/ electricity company, or the local 7-11 food shops dont accept them..ull be homeless and starving. especially if it takes 3 days for a employer to wire transfer their fiat wage into ur bitcoin exchange... for you to then cash out at the exchange back into fiat to pay your bills.. there is no benefit in thinking employee wages come first.
so asking employer to do that is not feasable YET. but theres nothing stopping u spending ur wages once u received them in fiat to then spend on bitcoins right now.
but step one has to be - bitcoin trust.
step 2 merchant LEGAL product sales
step 3 increase merchant / product range
step 4 employers pay wages in bitcoin
step 5 goodbye fiat lol (yea i wish)
just need to shed the bad skin away from bitcoin, (scam, hacking, etc) for it to be an accepted form of currency in real world merchants eyes.
bitcoin is like US FIAT dollars bank notes.. but painted red to show they know it came from 'POSSIBLE' criminal activity
imagine if someone offered a business $10,000... the merchant would smile.. the second you show them the red bank notes. would they still take it with the same open arms and smiley faces knowing it will show on their books as funds from possible sources with bad reputation and criminal behavior.
we need to get bitcoin green..
bitcoin is like US FIAT dollars bank notes.. but painted red to show they know it came from 'POSSIBLE' criminal activity
imagine if someone offered a business $10,000... the merchant would smile.. the second you show them the red bank notes. would they still take it with the same open arms and smiley faces knowing it will show on their books as funds from possible sources with bad reputation and criminal behavior.
we need to get bitcoin green..
"Green" Bitcoins would be worth much less. For now, the majority of Bitcoin's value stems from illegal and otherwise illicit transactions; they keep the value as high as it is. There is little-to-no incentive to purchase BTC right now unless you need them to purchase things that would otherwise be unobtainable with fiat currency, or if you want to make an internet purchase without leaving a paper trail. They can be used to store wealth and hide your financial assets from being taxed, at the cost of not having a bank to insure your assets and secure them as such. If merchants started paying employees in BTC it'd be mutually beneficial to the employer and the BTC market as a whole. The employer would be buying up sell orders on the exchanges, raising BTC's value, and he/she wouldn't have to pay taxes. It'd be the ultimate way to get paid "under the table".
Agreed. I believe that will change over time and the light cast on bitcoin will be more and more positive over time.
just need to shed the bad skin away from bitcoin, (scam, hacking, etc) for it to be an accepted form of currency in real world merchants eyes.
bitcoin is like US FIAT dollars bank notes.. but painted red to show they know it came from 'POSSIBLE' criminal activity
imagine if someone offered a business $10,000... the merchant would smile.. the second you show them the red bank notes. would they still take it with the same open arms and smiley faces knowing it will show on their books as funds from possible sources with bad reputation and criminal behavior.
we need to get bitcoin green..
bitcoin is like US FIAT dollars bank notes.. but painted red to show they know it came from 'POSSIBLE' criminal activity
imagine if someone offered a business $10,000... the merchant would smile.. the second you show them the red bank notes. would they still take it with the same open arms and smiley faces knowing it will show on their books as funds from possible sources with bad reputation and criminal behavior.
we need to get bitcoin green..
The more merchants that decide to accept bitcoins, the better for the bitcoin economy.
Gold maintains its value simply because of tradition and convention. Gold has been around for a long time and it remains an integral part of the economy. There is still a lot of gold trading going on in the world, though much less at the consumer level. For example, the biggest ETF in the world is GLD.
Bitcoin doesn't have that status (yet) or that level of trading. If nobody takes bitcoin, then it has no value, by definition. I think that bitcoin will continue to increase in importance and it will quickly become a widespread underground currency.
Bitcoin doesn't have that status (yet) or that level of trading. If nobody takes bitcoin, then it has no value, by definition. I think that bitcoin will continue to increase in importance and it will quickly become a widespread underground currency.
Really, if credit card companies just took payments in BTC, that would fix basically everything.
because gold is meant to be stored. that is its value, being indestructible, etc.
Bitcoin is meant to be transferred. That is its value. Moving instantly anywhere in the world...
Bitcoin is meant to be transferred. That is its value. Moving instantly anywhere in the world...
Seriously.. Why does THE important thing for bitcoin seem to be how many merchants take the currency? I mean.. good luck going anywhere with a bar of gold and buying services.
It would be like: "Hi there mister accountant! how many grams of gold will it cost me to get a tax return filed today? Do you have a scale on hand?"
Almost nobody takes gold as a payment method, yet it is 1600+/oz. Why must bitcoin be any different?
It would be like: "Hi there mister accountant! how many grams of gold will it cost me to get a tax return filed today? Do you have a scale on hand?"
Almost nobody takes gold as a payment method, yet it is 1600+/oz. Why must bitcoin be any different?
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