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What is Bitcoin and friends good for right now besides speculating with and trading for other currencies? A while back there was a BTC marketplace where among

What is Bitcoin and friends good for right now besides speculating with and trading for other currencies? A while back there was a BTC marketplace where among other things, I spent 1 BTC on a steam key for the game Portal (a poor trade in hindsight). But they shut down and the only other place that I can think of that accepts BTC is humblebundle.com - and presumably they convert it to USD right away. Actually: > Bitcoin payments have been disabled for the Humble Capcom Rising Bundle. So, yea, who accepts BTC right now?

swampangel 9y ago
Steam accepts bitcoin. Quite a few domain/web hosting/VPS companies accept it, like Namecheap and Namesilo. Online gambling sites accept it for obvious reasons. It's hardly ubiquitous, but for some things it's fairly practical.
- wyldfire 9y ago
  Many vendors (including Amazon & Walmart) indirectly accept bitcoin via gift cards (Gyft, cardcash.com, etc).
marme 9y ago
it is great for money laundering which is why it is so popular in china. You can buy btc in cash no questions asked and it is untraceble and then sell it at a legit exchange in another country and claim it as legit income or just move it from country to country bypassing currency controls in places like china where no bank will allow you to send more than 50k USD per year out of the country
- pmorici 9y ago
  "it is great for money laundering" People like to say this but it just isn't true. Nobody is laundering large amounts of money buy buying Bitcoin for cash and almost by definition you don't need to launder small amounts of money.
colordrops 9y ago
It's great for those of us who are skeptical of central government control of currency.