Bitcoin Forum

-

The grocery store doesn't yet accept Bitcoin.

USD isn't going anywhere.

Why are you preaching to the choir?

The grocery store doesn't accept gold and silver either.

I'm in the USSA.

Really?  How do they figure out how much gold will pay for the goods?  Do they have a scale and access to live USD-->Gold exchange rates or something?

When the price tag says $50.00, how do they know how much that is in gold?  You just barter?  Seems like either you or them would be getting the raw end of the deal there, as it'd be quite difficulty to have the proper amount of gold on-hand to exactly match the fiat currency.

How do you get your money out of USD and into Bitcoin without an exchange?

trying to buy anything here with gold or silver would be totally ridiculous. i could as well try to pay for a burger with plutonium or crude oil. intrinsic value and all that.

You have a very good point the BTC/EUR exchange rate should be displayed more often. Today I was able to buy 10 bitcoins for 26 euros (1BTC=2.6EUR at a european BTC market but probably not many know about it, bitmarket.eu

what you're saying is all well and good but we aren't living in a bubble world

I'm not saying it's ideal but I can't go to the grocery store and get some milk with gold shavings

rofl!  :D

I'd be surprised to hear of the manager of any corporate US supermarket that would want to go to the trouble of explaining to their regional manager why they traded groceries for gold.  If they could even find a way to enter that in the report. 

Then there's the question of change.  Four bags of groceries in exchange for a Krugerrand... that's a lot of change.  How do you want it?  USD, or maybe rice?  How do you do that.

Point is that in the US (and other places I'd expect) most stores are corporate, which means standardization, which means dollars only.  You try to barter at Safeway, and they'll turn you down.  Too complicated.  And the manager gets paid the same whether you shop there or not.

Well the obvious answer will be to shop somewhere else.

Most people in the US have lost the knowledge of how to differentiate between gold and other yellow metals exactly because it is never used.  People won't trust you or your "currency" because they lack the knowledge to evaluate its value.

The day I can make anywhere close to what I can make when I get paid in fiat, I get paid in Bitcoin.

Well... The gas station won't let me pay in gold or BTC. Neither will the grocery store, my university or the utility companies... Also hookers don't accept BTC, though they might accept gold in the form of bling bling.

OP's idealistic world where everyone accepts milligrams of gold for every item doesn't exist. And no one even knows about BTC. We're a small number compared to everyone else. Though it is growing.

so when you pay in gold what's the procedure?  do you scrape some off of a bar and weigh it?  I'm not against it if it's a viable and accepted option, I've just never personally seen such thing happen in real life.

So what do you recommend and intelligent US citizen do?  Leave all the dumbasses behind with the nukes and move to another country?  If you think the US is dumb now, imagine it without any sensible people to hold back the tide of stupidity.  Yes, there are lots of dumb people here, but what about those of us cursed with preventing them from killing everyone?

Do they sell the metal or keep it as savings? Are they getting it from customers cheaper than they could buy it?

It always seemed to me that it logistical difficulty made it more sensible to use the currency of the realm and then buy what you wanted to save in (and I think gold is a great choice).

Are you spending metal at these places? Moving to Canada is in the back of my mind with the whole collapsing fascist anti-poker regime we've got happening here. Before Bitcoin my dream was to have relationships with merchants who would take my metals so that I could hold very few FRNs, but I don't know how to do it. Now I'm banking (pun) on Bitcoin and I have much higher hopes.

I live in the U.S. and it's hard to convince people that the dollar is going to collapse, I've been warning everyone I know to buy gold and silver (and now bitcoin) for years and only 1 person has listened to me about gold/silver and 1 about bitcoin. Most people I know here, even people who are intelligent in other areas, have a huge normalcy bias and don't consider transacting in anything besides usd. It's good to hear that people in other parts of the world are more open.

I'm not too worried about it because I have large student loans, and an even larger mortgage.  Basically, I have nothing to lose, and everything to gain if the dollar goes into hyper-inflation mode.

Yeah buddy, let me just drive to that OTHER university that I attend. You know? The one that actually accepts gold. And yeah, a corporate or chain type store would not accept gold. I would laugh if someone tried to pay me in gold. No one keeps a weighing apparatus on hand in case some weirdo wants to pay in gold.

Yes the US is horrible. Great generalization there buddy. Let me make a generalization. You have horrible grammar and produce illogical/strawman arguments, therefor your entire country is bad at grammar and it's number one export is logical fallacies.

Zing!

usd is not going anywhere for a long long time, it is most likely still most used currency (both officialy and unoficially) in whole world
there is 'over 800 billion US dollars in cash money in circulation' while whole btc market is worth like 15-20M usd?

i like bitcoins, but i don't see any chance for it to be used INSTEAD another currency for next 5 years or perhaps more, everyone on this forum still have to eat, pay bills, etc. etc. so why NOT to focus on actual money that can be spend everywhere?

I use USD only because mtgox use USD.

Both BRL (my national currency) and USD are behaving in a volatile manner here, if I had gold/silver/copper, I would gadly ask people to accept it.

If we had a proper gold/BTC exchange, so we could tag BTC value in gold (instead of tagging it in... nothing?!?), I would buy bitbills and offer them too to merchants.

It's LOOSING!

Trouble is, I don't save 100% of my paycheck.  I need to eat, I need to put a roof over my family's head, I need to pay bills, etc...  What is left can of course be saved.  I could buy BTC with that if I really wanted to.  So I'll need the exchange rate to survive.

But when I could actually use BTC to actually pay for such things and actually can get paid enough to maintain my standard of living, maybe I will start thinking that way.

^

Hey guys, this is where the thread ended

Does that mean we can turn it into a 9/11 deniers thread? :-P

is zero a place?

Not in this lifetime


I think you can close your own thread btw

I tried that with every store in a mall that's near, and I got a "no" from everyone.