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Author Topic: Businesses that *spend* bitcoin?  (Read 1146 times)
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January 27, 2014, 03:46:07 PM
 #1

Can we compile a list of known businesses which do not convert 100% of their bitcoin to USD but actually use BTC for business expenses?

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January 27, 2014, 07:06:19 PM
 #2

this would be good to see, but I would more almost more interested in seeing what companies horde some of the the bitcoin they gain from sales.
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January 27, 2014, 08:16:01 PM
 #3

Can we compile a list of known businesses which do not convert 100% of their bitcoin to USD but actually use BTC for business expenses?

I can't imagine they'll be many. How many businesses can operate on Bitcoin alone?
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January 27, 2014, 08:26:16 PM
 #4

I would love to spend bitcoins directly, but my main supplier doesn't accept it yet. I use BitPay for accepting bitcoins on my site, but I don't convert them to fiat there. I only sell the bitcoins when I have to. A few of my suppliers and contractors accept it though. Give it time and keep working on getting more businesses signed up.

Shire Silver, a better bullion that fits in your wallet. Get some, now accepting bitcoin!
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January 27, 2014, 08:57:23 PM
 #5

Our offshore IT company pays bitcoin to some of our contractors abroad, especially to those who are located in countries with strict regulations and capital controls.
It's about $20k-$40k of USD value monthly.

Also our shareholders receive 50% of their dividends in bitcoin and keep it as savings.

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January 28, 2014, 02:20:20 AM
 #6

Bitcoin is useless if everyone keep it in their savings...

In few years, I hope people will definitly use it as a real currency.

Bitcoin is like gold: you want to have it, for keeping it.
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January 29, 2014, 01:02:30 AM
 #7

Our offshore IT company pays bitcoin to some of our contractors abroad, especially to those who are located in countries with strict regulations and capital controls.
It's about $20k-$40k of USD value monthly.

Also our shareholders receive 50% of their dividends in bitcoin and keep it as savings.
You are awesome!

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January 29, 2014, 06:00:31 AM
 #8

Can we compile a list of known businesses which do not convert 100% of their bitcoin to USD but actually use BTC for business expenses?

ASICMINER keep as many of their holdings as possible in BTC
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January 29, 2014, 06:40:42 AM
 #9

Our offshore IT company pays bitcoin to some of our contractors abroad, especially to those who are located in countries with strict regulations and capital controls.
It's about $20k-$40k of USD value monthly.

Also our shareholders receive 50% of their dividends in bitcoin and keep it as savings.

Just wrote a post about you.

I hope russians will not be fought by russian central bank's FUD and will use bitcoin everything where it possible.

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January 29, 2014, 09:41:43 AM
 #10

Our offshore IT company pays bitcoin to some of our contractors abroad, especially to those who are located in countries with strict regulations and capital controls.
It's about $20k-$40k of USD value monthly.

Also our shareholders receive 50% of their dividends in bitcoin and keep it as savings.

Just wrote a post about you.

I hope russians will not be fought by russian central bank's FUD and will use bitcoin everything where it possible.

Unfortunately Russia suffers from too much central power. Maybe not on scale of China, but I don't see widespread bitcoin adoption in Russia whilst the current regime is in power.
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January 29, 2014, 11:11:14 AM
 #11

"The severity of Russian laws is alleviated by the lack of obligation to fulfil them", Mikhail Saltykov-Shchedrin said. I just hope russians will ignore all prohibitions about bitcoin. Who on earth can forbid sending a bunch of bytes as a new transaction?

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January 29, 2014, 11:36:51 AM
 #12

"The severity of Russian laws is alleviated by the lack of obligation to fulfil them", Mikhail Saltykov-Shchedrin said. I just hope russians will ignore all prohibitions about bitcoin. Who on earth can forbid sending a bunch of bytes as a new transaction?

Some governments are "infamous" for crushing any kind of action that threatens the status quo. Russia being one.
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January 29, 2014, 12:53:32 PM
 #13

Bitcoin is useless if everyone keep it in their savings...

In few years, I hope people will definitly use it as a real currency.

Bitcoin is like gold: you want to have it, for keeping it.

Bitcoin is a currency and you can do what you want with it. Save or spend. There are people that do both or either.
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January 29, 2014, 01:29:24 PM
 #14

Bitcoin is useless if everyone keep it in their savings...

In few years, I hope people will definitly use it as a real currency.

Bitcoin is like gold: you want to have it, for keeping it.

Bitcoin is a currency and you can do what you want with it. Save or spend. There are people that do both or either.

Agreed. I believe in the currency but am treating it as an investment currently so I'm saving mine now until I can spend it on things I genuinely want and need.

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January 29, 2014, 01:33:31 PM
 #15

Our company does - but we operate a bitcoin wallet company so, it's a bit different.  We accept btc via Bitpay and keep 20-100% of it in btc depending on the size of the order and how many dollars we need to fill the order.


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January 29, 2014, 03:18:13 PM
 #16

I imagine that archive.org is still spending bitcoin on labour.
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