I'd been planning to head over to a local food truck this week until the market became too volatile; nobody knows how to price things. If BTC becomes a functional currency, it'll be when the price is stable to better than 10% over week-to-month timescales. That has happened in the past.
In general, I'd much rather give value to a vendor than play the credit-card --> reward points --> $ game to reduce the effective cost of the charges credit-card companies levy on vendors.
Every time I write and mail a check or arrange for a bank balance transfer, I think "Man, if only the person at the other end used bitcoin. This would be faster, easier, and cheaper." It's so much easier for person-to-person transfers than carrying cash, making change, etc. You can also get a sense for how much practical use bitcoin is getting by searching Craigslist for "Bitcoin".
At the moment, there aren't that many places to spend them. The economic exchange systems we have today are quite good. It remains to be seen if any other system is ultimately superior.
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I'd been planning to head over to a local food truck this week until the market became too volatile; nobody knows how to price things. If BTC becomes a functional currency, it'll be when the price is stable to better than 10% over week-to-month timescales. That has happened in the past.
In general, I'd much rather give value to a vendor than play the credit-card --> reward points --> $ game to reduce the effective cost of the charges credit-card companies levy on vendors.
Every time I write and mail a check or arrange for a bank balance transfer, I think "Man, if only the person at the other end used bitcoin. This would be faster, easier, and cheaper." It's so much easier for person-to-person transfers than carrying cash, making change, etc. You can also get a sense for how much practical use bitcoin is getting by searching Craigslist for "Bitcoin".
At the moment, there aren't that many places to spend them. The economic exchange systems we have today are quite good. It remains to be seen if any other system is ultimately superior.
In my local craigslist, there are 9 results.
One was an email address, so false result, and 3 more were not real goods, rather offers to buy/sell bitcoin itself.