3 ms·
Ask HN: How do you use Bitcoin
- electricant 6y agoMainly as financial speculation. I'm genuinely curious about the answers to this question
- patatino 6y agoFor me it's just another asset, no need to use it to pay for things
- tsujp 6y agoSpeculation. Service provision, infrastructure provision (hosted nodes). It's not very good for payments (that are small and/or frequent -- and no Lightning is bad too (state channels are capital-inefficient)) despite what zealots would have you believe and it's not very well decentralised on a geopolitical level either. Bitcoin is a good introductory MVP example of what a blockchain is and it's greatest contribution is Nakamoto Consensus.
- esosac 6y agoi live in venezuela and i buy and sell bitcoin every week because it's the easiest way for me to get the local currency on localbitcoins so i can buy groceries and such. i only use it for this purpose i've also sent money to people in other countries using localbitcoins. it's really helpful for me in that way. they just deposit money into people's accounts and it's worked flawlessly for me so far
- ur-whale 6y agoI use it to buy all kind of things on the internet. I also use it to store a small fraction of my net worth in a place that is out of reach of anyone (ex-spouse, current spouse, lawsuits, governments, etc...).