Everyone still using BTC? And what on?

[iluvpie60]

Hey guys hows it going?

Haven't been on in awhile. Just wondering are people still using BTC? I actually had a few donations to my youtube channel from people before(scoremaster6 on YT), like .001 and .002. Nothing big. I feel like a lot of people could get into tipping and donating through using BTC.

A lot of people's ad sense gets banned by youtube unfairly, and unless you are with a network you will never earn again. I think it is interesting some people would tip. I myself don't do anything with youtube anymore but my friend does and I have been telling him to accept BTC donations since his ad sense was also banned, my brothers also got banned and he had 2 million total views within a 3 month period when Skyrim came out he made a ton of vids that were good. It really sucked when my brother got banned because 2 million views would have been about $2,000 to $3,000 and he never got any of it, he deleted his channel after unsuccessful appeals. Ad sense is a joke because you can't actually call anyone and they give you automated bs responses about blah blah. If only we knew about bitcoin a 4 years ago maybe I could have got him to accept donations and he could have made something, who knows!



TL:DR

So using BTC can kind of get around the whole not earning thing through ad sense bytaking in donations. Curious as to how other people have come up with ways to use BTC and if people are still using it??

[DeboraMeeks]

I use it to buy gift cards from gyft and also donating.

[neurotypical]

Im not actively using it as a currency. I dont see how I would benefit buying shit I dont really need when i barely have 1 coin.

[redsn0w]

The benefit is the low fee , look at this transaction :

https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

[ikydesu]

Fast transactions, low fee, and not complicated.
although i exchange to fiat first for buy something because in my town not available store with bitcoin payment.

[jonald_fyookball]

one company I have an interest in is using Bitcoin for remittance payments.

[Elwar]

I live in Germany working for a US company so...

USD -> Bitcoin -> Euro

A lot cheaper than USD -> Euro through the bank.

[Magicman420]

I live in Germany working for a US company so...

USD -> Bitcoin -> Euro

A lot cheaper than USD -> Euro through the bank.

Good point never thought of that !!

[bitcoinmining]

I wanna try Purse.io to use my Bitcoins for buying new iPhone 6 %15-20 cheaper than normal price

[rz20]

I spend it on gambling and humble bundles.

[MoneyShot2]

i use it on localbitcoins to have people deposit from a local bank when sending money abroad. it's very useful for this purpose as it's cheaper and gets around the crappiness of third worl country banks.

[Ron~Popeil]

I use it a lot at gyft, especially now that Christmas is around the corner.

[Bubbsandbubbs3]

I use it because I believe in he value of Bitcoin and the Satoshi I get from faucets and the Doge I get will one day be worth something greater

[HeroCat]

BTC is more and more popular in virtual world. A lot of sites are starting to use BTC, and also BTC is expanding in many countries as well - so it is going international too. So you can think by yourself - what is BTC and how it is spreading the world.

[turvarya]

I live in Germany working for a US company so...

USD -> Bitcoin -> Euro

A lot cheaper than USD -> Euro through the bank.

Could you describe your process and how much fees you pay in the end?
I was wondering about that for a while, even started a thread about it, but didn't get concrete answers, I would really be interested in some numbers.

[Fernandez]

Bitcoin itself is not ideally suited for micro payments like on youtube. These are the sort of segments which alt coins can target, if they are smart and not try just to pump and dump.

[Elwar]

I live in Germany working for a US company so...

USD -> Bitcoin -> Euro

A lot cheaper than USD -> Euro through the bank.

Could you describe your process and how much fees you pay in the end?
I was wondering about that for a while, even started a thread about it, but didn't get concrete answers, I would really be interested in some numbers.

USD -> Bitcoin
currently using CoinBase, 1% fee

Bitcoin -> Euro
I use localbitcoins, they charge a 1% fee. I charge 10% above the spot price.

End result: 8% profit via Bitcoin as opposed to around a 5% fee via the bank. A 13% difference. (With a salary over $100k, that is significant)

[Daniel91]

I earning some bitcoin through signature campaigns on this forum, and when I collect enough I cash out and spend

[Notanon]

Yeah, got some parked in Havelock Investments in a fund, so just letting that accumulate in the background quietly, as I was haemorrhaging BTC with the GH amounts I had on cex.io (was almost halving nearly every fortnight!). Also considering a blog that will accept BTC along with a few others like LTC and PPC, though not sure if that will get off the ground yet.

[Wintermute]

Paying an employee in another country with Bitcoin. And I am buying hardware from time to time.

And it seems I am not the only one, who uses Bitcoin. The numbers look good:

https://blockchain.info/charts/n-transactions-excluding-popular?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=

I was also surprised to see that localbitcoin volume is increasing over time, despite the price drop:

http://bitcoincharts.com/charts/localbtcUSD#m1g10zm2g25zvzcv


So it seems people do have use cases for Bitcoin and it gets even bigger day by day. Taking into account the network effect and the investments into the infrastructure I am very optimistic that Bitcoin is on a good track.