Oh, and if you're selling stuff, be sure to list it free on http://classifieds.spendbitcoins.com as well. Spendbitcoins.com generally gets over 1000 hits per day, so not a bad place for a free listing.  |
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After the selling thread was made obsolete, I wasn't sure whether my thread belonged under services or goods, as I provide a service that gets people goods. At any rate, I wanted to put this here too in case anyone didn't see it under services. spendbitcoins.com is a site that allows you to spend your bitcoins on pretty much anything you want through major retailers such as Amazon, New Egg, Barnes & Noble, Fishpond, etc (more to come). Feel free to post here if you have used spendbitcoins.com and want to leave feedback for others to see. Happy spending! EDIT: I GOT THE ORIGINAL POST MOVED SO THIS THREAD IS NOW OBSOLETE http://feedback.spendbitcoins.com points to the original thread. |
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Bitcoin, however, is not gold, in the sense that it's very easy to convert to and from fiat currencies. The problem with bitcoin is in the risk of having it. You don't know what the price of bitcoin will be tomorrow, whether it's going to be 2x its price today or 0. And until you do you'll want to store some of your money in bitcoin, while still keeping most of it in fiat currency, since you don't want to lose everything in one day because you were storing it in bitcoins, but you also don't want to be the loser that didn't invest into bitcoin early and become rich with little effort. In other words if one wishes to solve the hoarding problem of bitcoin, one needs to up the chances of bitcoin becoming mainstream. Built-in deflation has nothing to do with hoarding.
+1 |
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EDIT: Sorry, wrote this after reading OP without realizing this argument has already been made several times in this thread. While talking about gold he mentions that, after the thrill of buying something with a gold-based currency wears off, people rarely use it. Instead they tend to hoard it, keeping it as a store of wealth. A good example of this is http://www.goldmoney.com/ with 1.8 billion in gold, available digitally, that for the most part just sits there as a gold savings account. He then predicts that if bitcoin turns out to be as good as its proponents say it is, it will have the same problem. Why? Because if a merchant accepts both Bitcoin and Fiat currency people will always prefer to pay with fiat currency simply because the equivalent bitcoin is seen to be more valuable (i.e. $100 woth of bitcoin is > 100$ fiat). I think this is an interesting point. Thoughts? I don't know anything about goldmoney.com, but I do think the bitcoin design gives people reason to spend it rather than just hoard it. For one thing, if you actually believe that it will generally be going up in value week on week (a good reason to hold on to as much as you can), then you would be wise to put your whole paycheck into bitcoin when you receive it. If you do this, then when you want to spend money at a merchant who accepts both fiat currency and bitcoin, then you will find it far easier to just spend your bitcoins than to transfer them back into fiat currency. |
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Remember folks: thou shall not steal. It's fun when you do it to other people, it's not fun when other people do it to you.
Thou shalt not steal. The government hates competition. |
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You can now use spendbitcoins.com to spend bitcoins on Barnes & Noble.
Happy spending!
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Don't sell your service to the public, sell your service TO AMAZON!!!!!
All in good time, TheSpanishGuy, all in good time. |
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This is the new thread to replace the obsolete thread at http://forum.bitcoin.org/index.php?topic=8864.0. <--Click here to see what our customers have been saying about us. Spendbitcoins.com is now allowing you to spend bitcoins on amazon, spend bitcoins on New Egg, spend bitcoins on Fishpond, and spend bitcoins on the spendbitcoins Classifieds. Next up is Barnes & Noble. In the end, we are working on getting our own suppliers to enable you to shop direct in bitcoins right from spendbitcoins.com. For now, we will continue to add more affiliates. Please reply to let others know how your experience with us went. Happy Spending! |
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Hey Jeremy
I just set a manual order for an amazon canada order and I'm supposed to pay 1.792 BTC to an address but the email you sent me doesn't include a bitcoin addreses to send to.
Sorry, copy/paste error. Resent. |
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<spam>
For those in Europe looking to cashout, spendbitcoins.com works quite well. You get to buy stuff and not wait for transfers & shiznit and there are NO transaction fees.
</spam> <oh wait, still more spam to come in my signature... including a tradehill referral code. Mwahahaha>
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We are no longer waiting for merchant services to come back online. We have put up manual order pages while we work on automating in a way that does not rely on one exchange.
Happy spending!
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spendbitcoins.com is back up and taking manual orders while we set up a new shopping cart system which is not reliant on one exchange. We are still unable to login to Merchant Services to check for payments made between our last order fulfilled on Sunday, 19 June 2011 at 07:45:00 UTC. However, if you are waiting for an order from us, we have found a workaround. Please email jeremy@spendbitcoins.com from the email you placed the order with and include the time, amount and bitcoin address you sent the payment to and we can look at blockexplorer to confirm and fullfil your order. We sincerely apologize for any inconvenience our previous reliance on one exchange has caused any of our customers. Happy spending! |
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Still awaiting the return of Mt Gox to resume Amazon, Fishpond, & New Egg orders. In the meantime, I've just enabled spendbitcoins classifieds at http://classifieds.spendbitcoins.com. Get your items up before the crowds come flooding back! Around 1000 hits a day to spendbitcoins.com so far when it's up and running. |
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I sent you an email but still have not received my send address or anything yet.
Hi there. I have answered all the emails I received. Let's try another way. Please try again on the website (it seems to be working again) or if the main site still doesn't work, try http://spendbitcoins.com/amhowtoold.html. Sorry for all the problems today! It's very aggravating. |
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Email sent, answer received five minutes later and payment sent. Time for me to go to bed and I'll finish this order tomorrow, when I receive the gift card Site seems to be broken for all at the moment. please use manual form at http://spendbitcoins.com/amhowtoold.html while we work to resolve this. |
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Im trying to buy a card from you but the site doesnt go anywhere after I submit the form. Any help is appreciated.
Please see one message above yours. =). It's broken for me at the moment as well. I believe it is Mt Gox. If I have time today, I'm going to set up a manual workaround on the site for whenever Mt Gox's api is down. However, for now, please email jeremyATspendbitcoins.com with any orders and give the answers to the questions on the form. I'll respond manually with price and address. Thanks! Jeremy |
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