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"There is simply no alternative system of payment that is as convenient, reliable and anonymous. Bitcoin is anonymous, but currently unstable and inconvenient"

by yc1010 11y ago

"There is simply no alternative system of payment that is as convenient, reliable and anonymous. Bitcoin is anonymous, but currently unstable and inconvenient" Being a nerd I have been using bitcoin since 2011, in last year almost on a daily basis, yes the rate is volatile but this will not be an issue once more people use it and the number is growing for sure (especially in the last few weeks alot of females joining the community due to backpage.com visa/mastercard ban), before this months rise the rate was remarkably stable for almost half a year As for "convenience" i find bitcoin a lot more damned convenient (and secure) than credit cards and delighted everytime i see it as a payment method, all i have to do is scan a QR code with my mycelium android phone wallet and send bitcoin with few taps, for storage I have a tiny USB hardware wallet (trezor) on my desk which keeps the private keys safe even if my computer gets infected

StavrosK 11y ago
150% agreed on the convenience. It's just far and away the most convenient method of electronic payment right now. Bar none. However, how are you using it daily? I struggle to find places to accept Bitcoin.
- yc1010 11y ago
  I get paid by a trade partner in Singapore almost daily with bitcoin, saves us both a large chunk (and time) on wire transfers! I also rent out some of our servers for bitcoin (via bitpay) since there is no chargeback risk server (looks sideways at paypal/credit cards) of someone renting the server for a month and then leaving me with pants down at ankles and no money. As for spending bitcoin: * I have been buying all my hotels for a year now with expedia.com * All my shopping at amazon.com been via giftcards bought at gyft.com, same for amazon.co.uk and giftoff.com, there are many other places they sell giftcards for but these are the main ones i use every week. * For testing/deployment VPSs I have been using vultr.com * I pay regularly my utility bills like electric, phone, water using bitwa.la I even done a localbitcoins meetup and sold bitcoin for cash in last month, we had a great time having a coffee(s) and nerd chat during the trade :)
  - StavrosK 11y ago
    Interesting, thank you. I was just looking at expedia, but I saw some horror story articles which made me think that their Bitcoin integration is a second-class citizen. Unfortunately most of the services are US or UK only (it's hard living in a place with no Amazon :p).
    - yc1010 11y ago
      Oh I am in Ireland, dont get me started on Amazon (its hit and miss at times when it comes to deliverability) As for Expedia their integration could be better (need to use a US ip for coinbase payment option to even show up nowadays) but had no issues spending thousands with them, if it wasnt for bitcoin I just use any of their dozens of competitors, so one little change and they got a loyal customer. I heard of cheapair.com accepting bitcoin for flights but I have not tried it yet that reminds me: VPN from purevpn.com :D bought with bitcoin as well for wathching BBC etc and surfing more anonymously

by yc1010 11y ago

StavrosK 11y ago

150% agreed on the convenience. It's just far and away the most convenient method of electronic payment right now. Bar none. However, how are you using it daily? I struggle to find places to accept Bitcoin.

yc1010 11y ago
I get paid by a trade partner in Singapore almost daily with bitcoin, saves us both a large chunk (and time) on wire transfers! I also rent out some of our servers for bitcoin (via bitpay) since there is no chargeback risk server (looks sideways at paypal/credit cards) of someone renting the server for a month and then leaving me with pants down at ankles and no money. As for spending bitcoin: * I have been buying all my hotels for a year now with expedia.com * All my shopping at amazon.com been via giftcards bought at gyft.com, same for amazon.co.uk and giftoff.com, there are many other places they sell giftcards for but these are the main ones i use every week. * For testing/deployment VPSs I have been using vultr.com * I pay regularly my utility bills like electric, phone, water using bitwa.la I even done a localbitcoins meetup and sold bitcoin for cash in last month, we had a great time having a coffee(s) and nerd chat during the trade :)
- StavrosK 11y ago
  Interesting, thank you. I was just looking at expedia, but I saw some horror story articles which made me think that their Bitcoin integration is a second-class citizen. Unfortunately most of the services are US or UK only (it's hard living in a place with no Amazon :p).
  - yc1010 11y ago
    Oh I am in Ireland, dont get me started on Amazon (its hit and miss at times when it comes to deliverability) As for Expedia their integration could be better (need to use a US ip for coinbase payment option to even show up nowadays) but had no issues spending thousands with them, if it wasnt for bitcoin I just use any of their dozens of competitors, so one little change and they got a loyal customer. I heard of cheapair.com accepting bitcoin for flights but I have not tried it yet that reminds me: VPN from purevpn.com :D bought with bitcoin as well for wathching BBC etc and surfing more anonymously