Living On Bitcoin For A Week • Hacker News Board

Re: Living On Bitcoin For A Week

#31

Post by nikster » Thu, May 02, 2013, 1:01 AM UTC

niggler wrote: post #30

rheide wrote: post #5

This is stupid and it proves nothing. It's the equivalent of living on Rupees for a week. Sure, you might find some Indian people who will take your money, but nobody's trying to replace the USD with either the Rupee or the Bitcoin. Pure sitespam, this.

"Pure sitespam, this." Forbes.com as a whole is spam. I'm genuinely amazed by how many articles get upvoted. I guess whatever anti-voting-ring measures in place here can't compete with forbes employees :/

Honestly this is the first Forbes article I ve read in months that had actual, real content in it. Reporters in the ground and not just trolls making polarizing statements to generate web traffic.

I thought it was pretty good. By Forbes usual standards, stellar.

Re: Living On Bitcoin For A Week

#32

Post by nikster » Thu, May 02, 2013, 1:02 AM UTC

lucb1e wrote: post #8

This is like trying the first Android beta there ever was and then saying that there aren't a lot of apps for it yet. Nearly all current users could have told him that living on Bitcoin for a week is hard to do right now because there is simply no support. This is why we are early adopters , we use something before it's mainstream. You can't actually walk up to anyone and expect to be able to pay them in any currency…

I was amazed at how much you can do. I need to start collecting BTC.

Re: Living On Bitcoin For A Week

#33

Post by asah » Thu, May 02, 2013, 1:15 AM UTC

SF retail chain accepts now bitcoin (artisan food & gift, 3 locations: Ferry Building, Haight-Ashbury, North Beach):

http://yelp.com/biz/buyers-best-friend-san-francisco http://yelp.com/biz/buyers-best-friend-mercato-san-francisco http://yelp.com/biz/buyers-best-friend-wholesale-and-market-...

Re: Living On Bitcoin For A Week

#34

Post by mrb » Thu, May 02, 2013, 2:16 AM UTC

evo_9 wrote: post #20

mrb wrote: post #17

Earlier quoted context omitted.

One Bitcoin can be divided down to 0.00000001 BTC.

Yes, I'm aware of this. My comment was about wide-spread adoption. I have a hard time imaging my parents working with fractions just to buy a coffee.

Come on, you lack imagination. Do you really not see that a simple change of units would solve the pb? It is a mere convention change, not even a technical change! Call 0.001 bitcoin 1 millibitcoin, or 1 mBTC, or 1 "new bitcoin". Done! They do this all the time in countries with inflation/deflation.

http://en.wikipedia.org/wiki/French_franc#New_franc

Re: Living On Bitcoin For A Week

#35

Post by lucb1e » Thu, May 02, 2013, 6:50 AM UTC

Steko wrote: post #23

lucb1e wrote: post #21

Earlier quoted context omitted.

If it was so easy to get rich with bitcoin, everyone would have it already. Besides that, what are Dollars useful for besides drug deals and tax evasion? I can't pay a taxi in Dollars here (a very good measurement for how useful a currency is) but I can use dollars to buy stuff from some Chinese seller that doesn't make me pay tax over the bought goods. It's a hard truth for some. This reply is total bullshit, I know…

"I can't pay a taxi in Dollars here" Who is trying to push the dollar as a viable currency for Chinese people to buy things with in China? OTOH Bitcoin hypers are trying to push it as a global currency. Well, spoilers: it sucks for that.

> OTOH Bitcoin hypers are trying to push it as a global currency. Well, spoilers: it sucks for that.

We're pushing for it, but we're not saying it's there yet. The person I replied to said "Walking up to people and paying people for goods and services is a good measure of how useful something is as a currency." while clearly that's not the case yet, and we never said it was. In the future, hopefully, it will be though.

Why do you think it sucks as a global currency?

Re: Living On Bitcoin For A Week

#36

Post by Steko » Thu, May 02, 2013, 8:08 AM UTC

lucb1e wrote: post #35

Steko wrote: post #23

Earlier quoted context omitted.

"I can't pay a taxi in Dollars here" Who is trying to push the dollar as a viable currency for Chinese people to buy things with in China? OTOH Bitcoin hypers are trying to push it as a global currency. Well, spoilers: it sucks for that.

> OTOH Bitcoin hypers are trying to push it as a global currency. Well, spoilers: it sucks for that. We're pushing for it, but we're not saying it's there yet. The person I replied to said "Walking up to people and paying people for goods and services is a good measure of how useful something is as a currency." while clearly that's not the case yet, and we never said it was. In the future, hopefully, it will be thoug…

I'll be honest Bitcoin is a lot more accepted than I ever expected it would be and looks to have a lot of growth in terms of the things you will be able to purchase with it. That said the bar to be a successful working currency is really high and the investment angle works against it's use as a currency.

Bitcoin detractors read this article and think people like the author are suckers for buying Bitcoins to begin with. Then there's a lot of Bitcoin enthusiasts that probably think people using Bitcoins to buy stuff are suckers for not holding on to them. You can't draw any strong conclusions from that but it's a bad sign when people on both sides of an issue think you're a sucker.