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Author Topic: 2013-04-22 Brave Businesses Buy Into Bitcoins: Is It A Bubble?  (Read 634 times)
gweedo
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April 22, 2013, 11:45:33 AM
 #1

http://readwrite.com/2013/04/22/brave-businesses-buy-into-bitcoins-bubble

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Bitcoin is known as an underground digital currency with neither government regulation nor a central bank. It relies on peer-to-peer transactions and complex cryptography to bypass traditional payment models.

Once thought of as no more than a fringe Web fascination, the currency has rocketed into to the mainstream conciousness. A catastrophic valuation dropoff last week made headlines around the world, often highlighting topics like the Winkelvoss twin's huge bitcoin stash and the iReddit user who invested his entire life savings in Bitcoins - and cashed out at an enormous profit.

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April 22, 2013, 03:23:43 PM
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Dumontet acknowledged that using Bitcoins for food delivery is of interest largely to core enthusiasts of the currency; "It's a small fraction of our online orders," he said, about 20 orders a day. "But that's how it starts," he added. "Every day since we've launched it, we've seeing an increase in usage."

It's nice to hear that 20 orders a day are with Bitcoin at Foodler already (and growing). People are really buying food and drinks with Bitcoin. How intangible is that?

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April 22, 2013, 03:36:31 PM
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Dumontet acknowledged that using Bitcoins for food delivery is of interest largely to core enthusiasts of the currency; "It's a small fraction of our online orders," he said, about 20 orders a day. "But that's how it starts," he added. "Every day since we've launched it, we've seeing an increase in usage."

It's nice to hear that 20 orders a day are with Bitcoin at Foodler already (and growing). People are really buying food and drinks with Bitcoin. How intangible is that?

That is quite nice to hear.  Too bad there are no restaurants that service my home on foodler.  I guess it is what comes from living on the edge of rural Oklahoma.

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