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> Bitcoin is not even good for transactions, its supposed primary purpose, right now. How so? I buy lunch with Bitcoin and a few weeks ago I paid for a car rep
by bobcallme 9y ago
>
Bitcoin is not even good for transactions, its supposed primary purpose, right now.
How so? I buy lunch with Bitcoin and a few weeks ago I paid for a car repair with it. If I need more, I just
go to a bitcoin vending machine near by.
- seanmcdirmid 9y agoWhere did you do this? None of the local businesses (Bellevue WA) take bitcoin that I can tell, and it is populated by lots of techies.
- StudentStuff 9y agoGo to Cap Hill if you want to spend BTC, the east side is pretty well devoid of establishments that take bitcoin.
- placeybordeaux 9y agoWhat places take BTC in caphill?
- dnadler 9y agoIsn't each transaction costing you a few dollars?
- bobcallme 9y agoNot if you use an economic fee and an accelerator.
- aqme28 9y agoAren't the transaction fees now measured in dollars?* You're paying $10 for lunch and $5 in miner fees. That's not practical. * https://bitinfocharts.com/comparison/bitcoin-transactionfees.html https://bitinfocharts.com/comparison/bitcoin-transactionfees...
- jeffwass 9y agoI'm curious - do you report your capital gains on the bitcoin you transact in? (Assuming you bought it for cheaper than the price you transact at)