Directly? Lots of stuff, especially at Bitcoin conferences like hardware wallets, drinks, food, jewelry, art, books, VPN, mining equipment, physical coins, shirts, socks and a bunch of other stuff I can't recall.
Indirectly? Literally everything I buy, because I'm on a Bitcoin standard.
A lot of people make it a virtue signal to pay for stuff directly with Bitcoin. It's a nice thing to be able to, but it's not the end-all. That day will come, but trying to guilt people into using it as a payment method when they're paying more for the same good is just foolish.
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Surely you’ve bought a @M A D E X as well? My personal favourite was some ice cream in Brighton (lightning), family less ecstatic than I was, but the kids enjoyed it.
Great response! Direct use will grow over time, but forcing it now just gets in the way. The most important thing is to be on the Bitcoin standard and build gradually.
I buy almost all my produce and cheese at the farmers market with btc and use it at the various restaurants and coffee shops that accept it.
Usually, where BTC is also accepted, it doesn't cost more there to use BTC.
Usually, Bitcoin backed credit cards have terribly high fees, so you claim to pay with Bitcoin but the merchant is not a bitcoiner and couldn't care less about bitcoin.
I think, companies that accept Bitcoin directly deserve our support and I'm willing to pay some 2-3% for the pleasure of supporting the Bitcoin circular economy but not 10% unless it has other things going for it.
So I ordered at least 20 times from Fasttech. Sadly they are no more and I wish there was some comparable platform where I could buy all that stuff I'm currently getting from Amazon.
Agreed, we shouldn’t be guilting people.
I DO think we should be incentivizing them though.
I’m developing a concept for how to incentivize people in their communities to start using Bitcoin.
They’re called Bitcoin Adoption Vehicles and they are part of a larger Thesis I’m writing on how to USE ENERGY TO PRICE THE WORLD INSTEAD OF FIAT.
The concept is to use Bitcoin as tool for measuring the energy input value of goods and services.
This gives us price based on their energy instead of using fiat.
Would love for you to check it out if you have the time or care to read it.
Energy Value Pricing and Bitcoin Adoption Vehicles
https://cdn.satellite.earth/0d1b3b663db7716c4645edd59809d8cc7e0e7e5b2c56e02bc84fc11dc352e78e.pdf
Starting this with my own business and community and hope to grow it out from there
Cheers Jimmy
Exactly. Payments directly via BTC makes sense when it's in the the interest of both the customer and merchant to do so. This generally requires the merchant to actually value BTC and accept it directly rather than charging more than would otherwise be warranted for the sake of employing a 3rd-party to convert it to fiat. Until then, just give the merchant the dirty fiat they would prefer in the first place... and you'll both be happier.
I bought a home, what about that
I would suggest that a company charging 2-3% more to accept Bitcoin is likely not receiving the Bitcoin directly, but rather paying that 2-3% to a 3rd-party processor to convert what they actually receive into fiat; and thus, not supporting a Bitcoin circular economy at all.
Yeah but when the bitcoin only merchant charges 3% more than the fiat competitor, that's usually not what's going on.
Agreed. A company that accepts Bitcoin-only directly is likely NOT then having it converted to fiat. Rather, it signals an appreciation for value - which could easily account for charging more than their competitors do for inferior products/services.
My miner, my node, my wallet, cheeseburger, fries, shake, peptides, supplements, hat, & my retirement.
bullshit nonsense - nashville last yr onlt 2400 SATS was spent by 5000+ crowd
I want to move towards a bitcoin standard. I use a Wirex crypto credit card for purchases. Is there a better method of using bitcoin for payments? Very few retailers here accept bitcoin directly.
Bitcoin is a blessing. Paying in bitcoin and even giving up a few % here and there because of that is one of the ways I choose to pass it on. And also by doing it I hope to contribute to the adoption, which I think will pay off long-term.
This is how you recognise a shitcoin conference.
I look forward to a day very soon when lightning payments are activated by default on the square terminal of my local bakery
I shall by bread with bitcoin & the masses shall rejoice
Well said, same with me. Indirectly means one is on a Bitcoin standard.
Try The Bitcoin Company app, great choice too, for virtual VISA and MC that you can tie to Google Wallet. Also Bitrefill is a great choice with physical and online cards.