Quote:
Originally Posted by Jason14h
Pizza Hut started accepting Bitcoin payment in Venezuela today!
Small example , but you can buy goods with Bitcoin. And with companies like PayPal getting into the game and Coinbase issuing a mastercard backed prepaid card you can buy anything you want now .
No different then holding any foreign currency really. You can argue it’s a foreign currency you don’t want to hold , but don’t argue “you can’t buy stuff with it”
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I can see it now
'how much is a large pepperoni and mushroom?'
'how are you paying sir?'
'I thought I would avail myself of your new bitcoin option'
'well let me check, the price is 1/2000th of a coin, no wait sorry that's 3/100th's no wait its gone back up again now its 1/3000th, hold on its dropping again'
I know that's what I look for in a currency, wild massive swings of 10 to 25% for no appreciable reason and one unit of currency potentially worth tens of thousands of dollars that have to be divided up to buy a pizza