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Author Topic: Spend Spend Spend  (Read 355 times)
pac1
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May 10, 2013, 05:23:10 PM
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Hello all, i am new here and indeed to bitcoin having only heard the word 10 weeks ago, but i have to say i am very excited for the future,
The only hickup so far is spending it, i keep mentioning it to everyone and get the standard "what" even charities i have contacts with are scratching thier heads.
I think its being looked at all wrong, its not about collecting, trading and earning millions its about spending and getting the btc economy on the move, a cup of coffe, loaf of bread, fill my car up etc, this needs to be useable to succeed or surely we all end up with a load of useless digicash.
A very good friend of mine is raising money for an african charity and i tried to sponsor with btc outcome they all think im mad, surely thats the point p2p ne fee, no banks, no messing, from you to the man in the field to buy some rice.

im gonna start the first political party funded by bitcoin
1HkmeSKSLuVXN249ToRmfc8tSThP7tj38
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May 10, 2013, 06:39:24 PM
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Bitspend.net probably one of the best places to spend your coins, can buy just about anything legal on the internet with BTC through them. And for the illegal things, there is always silkroad  Cheesy

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May 27, 2013, 04:43:16 PM
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I think its being looked at all wrong, its not about collecting, trading and earning millions its about spending and getting the btc economy on the move, a cup of coffe, loaf of bread, fill my car up etc, this needs to be useable to succeed or surely we all end up with a load of useless digicash.

Excellent post.

It is an effect of Gresham's Law
http://en.wikipedia.org/wiki/Gresham's_law

For those who don't remember DigiCash
http://waste.informatik.hu-berlin.de/grassmuck/Texts/ecash.e.html

Yes, we do need to spend, and to spend especially with those we value as contributing to the society we are building.  Spending deserves thanks and some honor.  When I receive bitcoin, it lets me value that customer more.
I feel motivated to do more for the bitcoin community.

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