Using BTC to buy stuff

[semperfrosty]

I rewatched Life On Bitcoin this weekend. It seems that BTC had some steam starting for real world daily uses but it hasn’t advanced since then. I still think that using BTC for everyday purchases would be the most powerful bull factor that could happen. The more businesses that accept it the more people would learn about it. Once they know a little about they would likely try to pile some up. Kinda like the whole population accumulating just a few gold coins, it adds up.

This is my opinion too.

2.74% (from memory)of the global population hold or trade or transact with Bitcoin.

It is still very early.

Does anybody think that with all the fanfare it wont be 8% shortly?

You can mathematics the possibilities at that level and thats just the beginning.

 

[semperfrosty]

I have a few BTC to my name still (almost all that I bought I donated actually). Yet nobody would sell me a house in any reasonable place without me exchanging it into fiat. Show me a contractor that takes crypto? Show me a car dealer besides Tesla that takes crypto? Show me ANY use that does not require conversion to fiat and does not automatically trigger an audit by the tax authorities?!
The whole reason it’s used as a store of value is because of the shadow economy and various crises around the world. That is the main and the only real use case. What used to be gold coins up someone’s ass now is BTC

Thats a part of it.

You dont need to have gold up your ass or cash under the mattress just to be non reliant on a middleman.

At the very least,its a digital solution to this issue.

 

[Frederick Foresight]

fucking moron who has never traveled outside of the hillbilly country where they are from

Oh, the irony...

 

[Frederick Foresight]

Bitcoin is the best money in the history of mankind, ponder that for a few hours

 

[johnarb]

Oh, the irony...

So you're gullible enough to believe this ET poster virtue signaling gave away most of his bitcoins worth over $51,000 USD cuckbuck$ each to charity?

The irony is you are even dumber than the idiot moron stupid dumbfuck

 

[Frederick Foresight]

the idiot moron stupid dumbfuck

 

[wxytrader]

The guy who wrote Number Go Up claims that most of El Salvador wants dollars and they are pissed at the government for that policy.

The point the author missed if that's the case, is hyperinflation rendered their dollar worthless, and it could do the same with other fiat. He sounds like he missed the boat too but found another way to capitalize, by tapping into the sour grapes narrative with a book. Not only did you guys miss your own Lambos, now you are paying for his.

 

[johnarb]

View attachment 334797

 

[Frederick Foresight]

View attachment 334798

Where's your

Lanbos

 

[long]

The point the author missed if that's the case, is hyperinflation rendered their dollar worthless, and it could do the same with other fiat. He sounds like he missed the boat too but found another way to capitalize, by tapping into the sour grapes narrative with a book. Not only did you guys miss your own Lambos, now you are paying for his.

That’s probably the case, but he toured El Salvador to see which businesses would accept it. He said they were required to by law but they also still accept dollars and preferred them. They were dissatisfied when they had to take bitcoin. That said, since the writing of the book they would be much better off if they saved some BTC. Probably didn’t though. Anyone know how many bitcoins are owned by the government there?