DazedInPontoon
Registered User
- Messages
- 379
Indeed, in quickly increasing amounts it would seem.All the shops and services accept it.
For money? Absolutely. Government guarantees to accept it for the tax bill. All the shops and services accept it. Very handy, really. The guy at the local Centre was most unimpressed last time I tried to pay him my great great grandfather's South Sea Island share certs, 3 tulip bulbs and a printout of an email from Nigerian civil servant.
Try paying in BTC and see how you get on.Indeed, in quickly increasing amounts it would seem.
I reckon you paid in Euros and the goods were priced in Euros.I spent crypto in my local centra yesterday, guy behind the till was none the wiser. Regular cash passed through.
Google pay is compatible with Crypto.com now and Apple and Samsung phones will both have crypto wallets inbuilt. Technology moves fast
I reckon you paid in Euros and the goods were priced in Euros.
You're misunderstanding my use for bitcoin. It's for money I'm saving and keeping under my own custody, not money I'm spending in the local shop.Try paying in BTC and see how you get on.
So you converted your crypto into Euro and then you paid in Euro and the shopkeeper accepted payment in Euro. You didn't pay in crypto.Yes in a way but then again it was still crypto translated to euro
It's not money.You're misunderstanding my use for bitcoin. It's for money I'm saving and keeping under my own custody, not money I'm spending in the local shop.
So you converted your crypto into Euro and then you paid in Euro and the shopkeeper accepted payment in Euro. You didn't pay in crypto.
Automatically is the method. You converted it, because you paid in Euros. You have a contract with the shop. And the contract is for payment in Euros. And you paid the shopkeeper. Check the price tag and the receipt. If you believe otherwise, you are deluded.I didnt convert anything into euro. it's done automatically when I paid
Teetering close to another Euro crisis, will the same playbook be deployed to save it?Indeed, in quickly increasing amounts it would seem.
So let me get this straight. If someone were to choose to use BTC for the purpose of buying goods and services, they now have products available to them that will facilitate the spending of BTC either A. natively or B. through a conversion from BTC to <the local currency monopoly>?Yes in a way but then again it was still crypto translated to euro
Automatically is the method. You converted it, because you paid in Euros. You have a contract with the shop. And the contract is for payment in Euros. And you paid the shopkeeper. Check the price tag and the receipt. If you believe otherwise, you are deluded.
Teetering close to another Euro crisis, will the same playbook be deployed to save it?
"Whatever it takes" - Mario Draghi
"When things get serious, you have to lie" - Jean-Claude Juncker
So let me get this straight. If someone were to choose to use BTC for the purpose of buying goods and services, they now have products available to them that will facilitate the spending of BTC either A. natively or B. through a conversion from BTC to <the local currency monopoly>?
Wait, are you saying that where before there was great difficulty in operating on a day to day basis in BTC, now there isn't? But don't you find that its disgusting that stuff isn't priced in BTC? Should you simply stop using such a product until stuff is priced in BTC?
Should the renegades who might decide somewhere in the world to pay someone in BTC stop? I mean, the product you describe means that clearly it can be spent (whether natively or otherwise). I would have thought this solves a problem for someone that decided to operate in BTC - but clearly they should shun that neat fintech solution - and wait until stuff is priced in BTC because it just ain't right? Amirite?
Do you feel dirty when crypto.com converts your BTC at the point of payment like that?
You believe you purchased goods for crypto! This thread is certainly entertaining.I paid for goods using crypto that I earned in crypto and used that crypto in a shop to purchase goods for crypto
Just because my crypto was translated using the value of euro at the time of purchase and is transferred to the shop in euro doesnt make it any less of a purchase using crypto
Can tulip bulbs do that, could you do it with sterling or dollars.. No.
But what I can do, is do the very same thing in America or Britain
You're just being pedanticYou believe you purchased goods for crypto! This thread is certainly entertaining.
I see.You're just being pedantic
Indeed - but it's important to note that it has additional utility feeding into that role. It doesn't have to conquer every sovereign currency on earth in day to day currency use. It's the fact that it can and it will be used for the purposes of payment. It can and it will be used for international transactions. It can and will be used for settlement. And it can do that on a peer to peer, censorship resistant basis - globally. It doesn't have to be a category winner in payments - it just needs to provide that optionality - which it does.That moves the point of discussion to whether you feel crypto is a better long term store of value over the euro and that's where you can get into debates about fiat vs crypto vs gold vs barter, etc.
Some people think crypto is a store of value. For them it would be a nonsense to use crypto instead of fiat, which no one argues is a store of value as it is unapologetically merely a medium of exchange, to buy their Corn Flakes.Yes in a way but then again it was still crypto translated to euro
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