Archimedes
Fire Watcher
No it's not, because most investments are supported by an asset or assets. Bitcoin is not supported by anything other than the fact that people currently think it's worth $X. It's not an investment. It's a currency.
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bitcoins
- Thread starter enki
- Start date
No it's not, because most investments are supported by an asset or assets. Bitcoin is not supported by anything other than the fact that people currently think it's worth $X. It's not an investment. It's a currency.
Archimedes
Fire Watcher
Yeaahhh, a lot of people would disagree with him.
Except currency is backed up by government and used to buy/sell shit. Bitcoin is a vaporware. Not really used for purchasing, except in underground market, and people buy it because they think it will be worth more. Because?
Entoptic
Red Power!
This state is full of misinformation. Bitcoin is used across the world and lots of companies use it. Shit I can go on amazon right now and buy something with bitcoin.
Here is a short list of companies that use bitcoin.
WordPress.com – An online company that allows user to create free blogs
Overstock.com – A company that sells big ticket items at lower prices due to overstocking
Subway – Eat fresh
Microsoft – Users can buy content with Bitcoin on Xbox and Windows store
Reddit – You can buy premium features there with bitcoins
Virgin Galactic – Richard Branson company that includes Virgin Mobile and Virgin Airline
OkCupid – Online dating site
Namecheap – Domain name registrar
CheapAir.com – Travel booking site for airline tickets, car rentals, hotels
Expedia.com – Online travel booking agency
Gyft – Buy giftcards using Bitcoin
Newegg.com – Online electronics retailer now uses bitpay to accept bitcoin as payment
Wikipedia – The Free Encyclopedia with 4 570 000+ article
Steam – Desktop gaming platform
Alza – Largest Czech online retailer
The Internet Archive – web documatation company
Bitcoin.Travel – a travel site that provides accommodation, apartments, attractions, bars, and beauty salons around the world
Pembury Tavern – A pub in London, England
Old Fitzroy – A pub in Sydney, Australia
The Pink Cow – A diner in Tokyo, Japan
The Pirate Bay – BitTorrent directories
Zynga – Mobile gaming
4Chan.org – For premium services
EZTV – Torrents TV shows provider
Mega.co.nz – The new venture started by the former owner of MegaUpload Kim Dotcom
Lumfile – Free cloud base file server – pay for premium services
Etsy Vendors – 93 of them
PizzaForCoins.com – Domino’s Pizza signed up – pay for their pizza with bitcons
Whole Foods – Organic food store (by purchasing gift card from Gyft)
Bitcoincoffee.com – Buy your favorite coffee online
Grass Hill Alpacas – A local farm in Haydenville, MA
Jeffersons Store – A street wear clothing store in Bergenfield, N.J
Helen’s Pizza – Jersey City, N.J., you can get a slice of pizza for 0.00339 bitcoin by pointing your phone at a sign next to the cash register
A Class Limousine – Pick you up and drop you off at Newark (N.J.) Airport
Seoclerks.com – Get SEO work done on your site cheap
Mint.com – Mint pulls all your financial accounts into one place. Set a budget, track your goals and do more
Fancy.com – Discover amazing stuff, collect the things you love, buy it all in one place (Source: Fancy)
Bloomberg.com – Online newspaper
Humblebundle.com – Indie game site
BigFishGames.com – Games for PC, Mac and Smartphones (iPhone, Android, Windows)
Suntimes.com – Chicago based online newspaper
San Jose Earthquakes – San Jose California Professional Soccer Team (MLS)
Crowdtilt.com – The fastest and easiest way to pool funds with family and friends (Source: crowdtilt)
Lumfile – Server company that offers free cloud-based servers
Museum of the Coastal Bend – 2200 East Red River Street, Victoria, Texas 77901, USA
Gap, GameStop and JC Penney – have to use eGifter.com
Etsy Vendors – Original art and Jewelry creations
Fight for the Future – Leading organization finding for Internet freedom
i-Pmart (ipmart.com.my) – A Malaysian online mobile phone and electronic parts retailer
curryupnow.com – A total of 12 restaurants on the list of restaurants accept bitcoins in San Francisco Bay Area
Dish Network – An American direct-broadcast satellite service provider
The Libertarian Party – United States political party
Yacht-base.com – Croatian yacht charter company
Euro Pacific – A major precious metal dealer
CEX – The trade-in chain has a shop in Glasgow, Scotland that accepts bitcoin
Straub Auto Repairs – 477 Warburton Ave, Hastings-on-Hudson, NY 10706 – (914) 478-1177
PSP Mollie – Dutch Payment Service
Intuit – an American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals.
ShopJoy – An Australian online retailer that sells novelty and unique gifts
Lv.net – Las Vegas high speed internet services
ExpressVPN.com – High speed, ultra secure VPN network
Grooveshark – Online music streaming service based in the United States
Braintree – Well known payments processor
MIT Coop Store – Massachusetts Institute of Technology student bookstore
SimplePay – Nigeria’s most popular web and mobile-based wallet service
SFU bookstore – Simon Fraser University in Vancouver, Canada
State Republican Party – First State Republican Party to accept bitcoin donations (http://www.lagop.com/bitcoin-donate)
mspinc.com – Respiratory medical equipment supplies store
Shopify.com – An online store that allows anyone to sell their products
Famsa – Mexico’s biggest retailer
Naughty America – Adult entertainment provider
Mexico’s Universidad de las Américas Puebla – A major university in Mexico
LOT Polish Airlines – A worldwide airline based in Poland
MovieTickets.com – Online movie ticket exchange/retailer
Dream Lover – Online relationship service
Lionsgate Films – The production studio behind titles such as The Hunger Games and The Day After Tomorrow
Rakutan – A Japanese e-commerce giant
Badoo – Online dating network
RE/MAX London – UK-based franchisee of the global real estate network
T-Mobile Poland – T-Mobile’s Poland-based mobile phone top-up company
Stripe – San Francisco-based payments company
WebJet – Online travel agency
Green Man Gaming – Popular digital game reseller
Save the Children – Global charity organization
NCR Silver – Point of sales systems
One Shot Hotels – Spanish hotel chain
Coupa Café in Palo Alto
PureVPN – VPN provider
That’s my face – create action figures
Foodler – North American restaurant delivery company
Amagi Metals – Precious metal furnisher
Eh I looked in to amazon, homedepot, what you actually do is use egifter to buy a gift card and then spend it at amazon or homedepot. Pretty sure others are similar.
What does egifter does with bitcoins? I bet tries to unload them asap to get $ given volatility of bitcoin in relationship to $.
OKCupid stopped accepting bit coins. Even then I would use that term loosely as it was using Coinbase which charged 1% transaction fee and converted it in to real money.
So yeah I would say my statement was pretty accurate.
What does egifter does with bitcoins? I bet tries to unload them asap to get $ given volatility of bitcoin in relationship to $.
OKCupid stopped accepting bit coins. Even then I would use that term loosely as it was using Coinbase which charged 1% transaction fee and converted it in to real money.
So yeah I would say my statement was pretty accurate.
panthera
Ride or Die
What I think you are referring to is Ripple. At least 75 different banks have adopted the Ripple platform already. Their token is XRP. Currently it is around .23. The difference with Ripple is that all tokens have been mined. Simply put the banks are accumulating them as a hedge and using the platform to make bank to bank transfers faster and using the block chain to record the transactions.
Just an FYI, if you sign up for Gatehub, they give you 20 XRP for free. Or at least they did for me when I signed up a while back.
https://ripple.com/xrp/buy-xrp/
I don't know if other platforms do the same thing, but it's an easy way to at least get some XRP.
panthera
Ride or Die
I remember that interview. I don't know how the case ultimately worked out though.
Honda- Ive got a few thousand XRP already so having to sign up for another account for 20xrp would be silly. Thanks though. If I didn't have mine already I would definitely jump on that offer. Everyone on barf should. Its free money. Literally.
Honda- Ive got a few thousand XRP already so having to sign up for another account for 20xrp would be silly. Thanks though. If I didn't have mine already I would definitely jump on that offer. Everyone on barf should. Its free money. Literally.
Entoptic
Red Power!
Dubbington
Slamdunk Champion
Sooo......I can use bitcoin to pay my mortgage with my
Credit card?? Sweet!
Credit card?? Sweet!
yeah I saw it. By some of the references it looks old, and I wonder how many of those cafes still except it. Also the part about minimum charge of 25 dollars is kind of telling. It's volatile! Also again with sites like expedia you first go to third party provider like Coinbase exchange bitcoin for $, then pay expedia.
By that logic my stocks are currency. I can go to UBS sell them, get $ and pay expedia.
Nope.
What you can do is buy acid on silk road, sell it at your school and make $$$.
panthera
Ride or Die
Not a credit card yet that is being worked on. You can get a bitcoin debit card though and spend your bitcoins directly at any visa terminal for no charge. Bought my boys slurpies yesterday at 7-11. Total charge was $3.69. Whatever the price is in fiat, that monetary amount is taken out in bitcoins or whatever cryptocurrency you like. Shift card. I'll do a video of a transaction the weekend.
panthera
Ride or Die
Nope.
What you can do is buy acid on silk road, sell it at your school and make $$$.
Wrong my friend you are too biased it appears for a real discussion. There are ways to eliminate almost all the fees associated with crypto. You don't have to pay a fee when buying bitcoins. You don't have to convert them to cash before you can buy something. I cannot hold a stock and then buy something in dollars and have them take a portion of that stock as payment. You can with bitcoin and the "currencies".
JesasaurusRex
On a break
Why not just get a discover card if you want a form of payment that isn't accepted anywhere?
Entoptic
Red Power!
Bitcoin, accepted at more places then Discover!
Just because I disagree with your on Entropic on validity of bitcion doesn't mean I am "too biased to have a real discussion".
Not you or him has shown me that it can actually be used.
That long ass list he posted? I went through the trouble looking up some few more popular random ones. Guess what? None of them accepted bitcoins directly. It was either through that egift website, or they partnered up with a bitcoin exchange.
So instead of accusing me of being too biased or whatever how about you show me actual big business that accepts bit coins directly.
Even in that show Entropic posted. As soon as he tried to pay the bills people in support had no clue what he was talking about.
As it stands right now it's a fad/niche thing. Although blockchain probably has a lot of commercial potential, and there might be a ctypto currency in the future bitcoin in it's current iteration won't be it.
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Entoptic
Red Power!
Just because I disagree with your on Entropic on validity of bitcion doesn't mean I am "too biased to have a real discussion".
Not you or him has shown me that it can actually be used.
That long ass list he posted? I went through the trouble looking up some few more popular random ones. Guess what? None of them accepted bitcoins directly. It was either through that egift website, or they partnered up with a bitcoin exchange.
So instead of accusing me of being too biased or whatever how about you show me actual big business that accepts bit coins directly.
Even in that show Entropic posted. As soon as he tried to pay the bills people in support had no clue what he was talking about.
As it stands right now it's a fad/niche thing. Although blockchain probably has a lot of commercial potential, and there might be a ctypto currency in the future bitcoin in it's current iteration won't be it.
actually I listed 99 companies and can list another 99 if needed. You quickly dismissed it. I then posted a video and you again dismissed it.
You're bias to the point of fault as you look at with your American eyes. Stop looking at this like USD and start seeing it as a world currency.
You can pay bills with bitcoin.
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Yakoo752
USN
Looks like China may have recenylybruled the usage of bitcoins, or any crypto currency, to be illegal
http://www.businessinsider.com/china-ban-bitcoin-exchanges-2017-9
http://www.businessinsider.com/china-ban-bitcoin-exchanges-2017-9