Bitcoin Forum

everyday someone is either introducing a new alt coin or a new way to trade alt coins, but i'm wondering how many alt coin owner use their coins to actually buy thing outside of the crypto currency realm?

Have you ever shopped at a crypto stores  (there are over 500)?
Have you figured out  a way to use your favorite coin to pay your utility bill?

How can we maximize our resources?

Yes, I've bought things with Litecoin :).

Yeah I use Litecoin too.  Bitcoin is more pervasive so it's a little easier to use.  But I'm seeing Litecoin more and more out in the wild.  When I get a chance I use it over Bitcoin as the transactions are faster.  I buy stuff online and the whole 1 hour for confirmations is a pain.  Yes I know that shops can confirm much faster but not too many do so I'm stuck. What is worse is when I have to get by purchase in to get an overnight delivery.  I've missed the shipping window a few times.  That is mostly my fault ordering last minute but hey I'd like to see you remember your anniversary.  LOL.

All the other coins are not there yet.  NXT, Ripple may have market cap on par with Litecoin but I have never seen them anywhere so why bother with them.  2 years ago I was all about Bitcoin but I've been slowly becoming a Litecoin user.

I've used litecoin to buy a domain name. :)

TheMage, anderl, and TaylorSwift
what's a good site to go to to shop with cryptocurrency?

A couple years ago I was buying expensive silver with cheap Litecoins.

Whoops! >.<   >:(   :'(   :'(   :'(   ::)   ;D

Yes, I use NXT to buy tokens on NXT Asset Exchange, does that qualify?

Just used Digitalcoin (DGC) to buy some hot sauces and honey last week.

yeah, like that,

I saw the hot sauces guy, he's the one with that whole big crypto exchange rate chart right?


what was it about him, his product, service or whatever that made you feel comfortable to do the deal?

and why'd you pick that currency to do the deal with?  did you weigh options or what?







sure, technically.    But the fact is you really didn't want the token, you wanted what the token could get you.   So the token was the currency for the real deal not NXT CC.
thanks for participating though









ouch, sorry about that

considering you did that 'years' ago, you are a truly seasoned CC vet

I used LibrexCoin to buy a video card on coingateway. You can use LibrexCoin pretty much where btc is used because they have associations with 4 main coinpayment apps like coin payments.net and others. You can even buy a sub at Subway with LibrexCoins.  8)

Isn't any currency not wanted for the sake of currency but for the sake of what you can get with it?
Anyway, most things are cheaper and easier to buy with fiat now, crypto currencies don't have many unique use cases yet.

Thanks for the information, it is the critical info that I am looking for.  What was it that most persuaded you to do business with that site -- the site reputation, the coinprocessor, or something else?



 




[re: the part in red], yes, that's what makes it a currency, but when you use it as 'a store of value' it isn't used as a currency instead it is used as a commodity -- hoping it goes up in value.

If you are involved with this forum, or in the CC biz, for any length of time you get the distinct impression that the overwhelming majority of coins are not created to be a currency, but rather to be commodities, which is why the major push is to get the coin to exchange market, not the grocery market.   

Once a currency is used more at stores than at exchanges the value of the coin at the exchange will skyrocket -- utility is the major move.

But money's not wanted as a store of value for the sake of storing that value. It's wanted to store value to delay exchanging it for goods and services later, that is, it's wanted for what it can get you, in the future if not now (even when you have to exchange it to fiat first).

Commodity money means you can also use that money as commodity, with some unique properties. I don't think crypto currencies fit into the commodity category, well, not all of them at least. Some of the crypto currencies have unique properties that others don't have. Others are not unique at all. But again, even those unique properties are only as good as being able to exchange them to specific goods and services. After all, you can't eat, wear or make things out of crypto currencies. Definition of commodity doesn't fit. Digital commodity, as some like to name crypto currency, is only useful to define taxing rules, but the commodity part in it is meaningless.

Using coingateway, this guy just bought these tickets. But with the value about to rise with the release of V2, those were some very expensive tickets lol. But thanks to Joe for making the point and display of how Neos is already able to be used to buy things you need.

https://twitter.com/Bitcoin_Joe/status/515482837555093504

Are you saying he should not have used Neos and instead used the weaker Bitcoin for the transaction?


This begs the question, which coin do you spend the weak coin or the strong coin?

Yes

With doge i've bought, coffee, LOTS of granola, tea, a couple t-shirts, some stickers, 10mh/s worth of hashlets and now with gocoin and paypal, i'll be buying A LOT more stuff with my doge!

that's fantastic to hear, but could you tell me more about "gocoin and paypal"?  

I've been hearing a lot about what paypal is going to do, did they actually do something?


Those doge purchases where done at physical stores, or online stores?  If online what stores?






thanks for contributing to the discussion, would you elaborate a bit, like what did you buy, what currency did you use, where did you buy it, was it using one of bitpay's tools or direct alt coin payment.

all alt coins need to figure out ways to make their coins useful, seeing what other coins do is often the motivation they need to take their coin to the next level.

i bought domains, servers with doges and btc. I have also paid a guy to buy a nice phone.  ;)

Well, I used litecoin to buy mining gear...

I bought a t-shirt... of a cryptocurrency.

what coin did you use, how much did it cost what was the fiat equivalent, was it purchase at the site for the coin and do you have a photo of the merchandise?

Last week I used darkcoin for annonimization of my funds.

I started with exchanging bitcoins to darkcoins on bitfinex, then did a few runds of darksend, and then i exchanged drks back to bitcoin but used different exchange for that. Then I transferred bitcoins to my fresh bitcoin wallet. My funds are now completely annonymous, and will remain so, until i exit to fiat money (if at all).

I bought BBQ sauce from http://sauce4coins.com/ it was pretty good (Bottlecaps).

I have bought beef Jerky (Franko,Bottlecaps)

Itunes cards with Litecoin.

Bought a game on steam for some playcoin.

I like to use alts to buy various things. Isn't that the ultimate goal?

https://pock.io/

does good business - Steam vouchers Quark, Gets a lot of hits on Twitter etc.

simple and can get anything. support most first tier Crypto.

Interesting thread. Is there a comprehensive list anywhere of all cryptocurrency merchants?

"Jay's Jerky" lives ? or he makes sauce now ? LOL

good list !

i like to hear this stuff but i have to wonder why people all avoid saying HOW.
if i use a proxy i can use any coin to buy anything anywhere basically.
what i think we all REALLY want to know is what coins will be taken directly
or maybe by a well known trusted big payment processor etc.

PS:
AVOID PAYPAL or your an idiot !
Trust me it costs money and time and tons of energy and pissing around fighting them once your account is locked.
The use of digital currencies of ANY kind is forbidden with their TOS and it always has been !
They sent it to me in writing..
And the email they sent me i googled it and i found it had been sent to another guy here at Bitcointalk a year earlier word for word.

I want purchase something, but delivery fee to another country is too expensive
And too long. So I never purchase anything :D

Yes, I have bought the following with AppleBytes:
Starbucks coffee
AMC Movie Tickets
Prepaid VISA card
Subway sandwiches
Shakeshack burgers
In-n-Out burgers

See Places to use AppleBytes (http://applebyteme.invisionzone.com/index.php?/forum/25-places-to-use-applebytes)

More AppleByte Details:

Exchange: Poloniex (https://poloniex.com/exchange/btc_aby)
Announce Thread:  Announce Thread (https://bitcointalk.org/index.php?topic=503131.0)
Website: AppleByte.me (http://AppleByte.me)
Facebook: AppleByteMe FB Page (https://www.facebook.com/applebyteme)
Twitter: AppleByteMe Twitter (https://twitter.com/AppleByteMe)
Reddit: AppleByte Reddit (http://www.reddit.com/r/AppleByteMe)

absolutely and I want to know who is buying and selling using alt coins so that the CC industry get stronger in real terms.  








wow, that's a great lead, thanks









yes, in fact Bit John originated one it has a ton of merchants on it, many of them are out of business.

This thread was looking more at the action rather than the planning, if there are a hundreds of store and tons of merchandise
and services but people are not using them then the utility of the coin becomes worthless, with out utility the currency becomes a commodity.

The real strength of a currency is in utility.  






Most people were answering the question matter-of-fact not really approaching the subject matter in a discussion type way as you inquired and I wish they did,
my guess is if I asked a better question we probably would have gotten that info -- sorry.


I know of only one 'big' payment processor -- coinpayments.net  however they don't service all coins, but very many.  









however there are tons of electronic goods and services available


Even better, regardless of what country you are in there are many goods and services that are not available in your country that are available in other countries.   Because of climate differences simple things like tobacco, coffee, and water differs greatly from country to country.