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Right, because rather than copping the automatic forex charge that most cards do for you, it is easier to open an account on coinbase, make a bank transfer that
by jval 13y ago
Right, because rather than copping the automatic forex charge that most cards do for you, it is easier to open an account on coinbase, make a bank transfer that converts your USD into bitcoin (at a frozen rate mind you, that could either double or halve in value in a matter of weeks), and then transact in bitcoin?
Not sure I'm following.
All of the rampant downvoting on this thread and blinkered discussion regarding Bitcoin really bothers me.. it sounds like /r/bitcoin has taken over HN.
Don't get me wrong, I believe bitcoin is the future of payments. I have absolutely no doubt that in the coming years it will become a global payments infrastructure that will destroy the idea of an international money transfer and change global e-commerce and payments forever. But the idea that it is already there is totally misguided. OP is right. There is no sense at all to use BTC to purchase legal items in the vast majority of countries.
- jafaku 13y agoYou don't need to do any of that if you already are a Bitcoin user. You are speaking nonsense.
- mike_esspe 13y agoJust a point - my bank asks 2.5% commission for automatic currency conversion when buying with credit card.