Quote:
Originally Posted by nfotiu
What is the advantage of using bitcoins to buy legal items, instead of using Canadian dollars? I can think of lots of disadvantages, but have a hard time seeing the value? Just because you can, doesn't mean you should.
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The main reason is I mined them with equipment I already had or purchased with bitcoins I mined. The electric cost of doing do is far less than the current value of the coins, even at half their peak value. I guess that's not really an advantage of using them though, as I could easily convert that same value into cash and then pay through Paypal.
The other advantage is if I was using Paypal, I would be paying exchange on top of the price, which is becoming more and more relevant these past couple months.
If you were buying BTC, and then spending them, rather than using Paypal, you would have more (but not complete) anonymity, if that was a concern to you. It isn't to me though.