Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin)

[acegooner]

Bitcoin was an experiment that one guy thought up 9 years ago. It is only really in the last year or two that there has been a vast increase in adoption.

Saying that there needs to be bookshops across the globe accepting bitcoin for it to be successful is lame.

@Doobs I agree that banks seem cheap, quick and less easy but remember that you are living in the United Kingdom. We are blessed with governments and banking systems that haven't failed for quite a long time.

It is free and fast to send a bank transfer to someone in the same country as yourself, but beyond that bitcoin is much better. It is virtually free to make a transaction, it takes 10 minutes and it is much more secure.

I didn’t say that, I was referring to small businesses (my sisters being a valid example) which have a hard enough time dealing with things like excessive business rates , before they can even consider an acceptable alternative medium of exchange other than FIAT currency. If bitcoin is to succeed it needs these businesses to support and accept it.

You still haven’t come back to me with where I can eat, sleep, travel and pay my bills in London. Perhaps it’s because it’s not practically possible at this time.

[StuartHopkin]

Bitcoin was an experiment that one guy thought up 9 years ago. It is only really in the last year or two that there has been a vast increase in adoption.

Saying that there needs to be bookshops across the globe accepting bitcoin for it to be successful is lame.

@Doobs I agree that banks seem cheap, quick and less easy but remember that you are living in the United Kingdom. We are blessed with governments and banking systems that haven't failed for quite a long time.

It is free and fast to send a bank transfer to someone in the same country as yourself, but beyond that bitcoin is much better. It is virtually free to make a transaction, it takes 10 minutes and it is much more secure.

I didn’t say that, I was referring to small businesses (my sisters being a valid example) which have a hard enough time dealing with things like excessive business rates , before they can even consider an acceptable alternative medium of exchange other than FIAT currency. If bitcoin is to succeed it needs these businesses to support and accept it.

You still haven’t come back to me with where I can eat, sleep, travel and pay my bills in London. Perhaps it’s because it’s not practically possible at this time.

Here you go Mr Gooner, took about thirty seconds to find this.

You can eat at Burger Bear
You can sleep at Clink261
You can travel with CheapAir
Not sure what bills you are looking to pay but Sheridans Lawyers will probably assist and you can pay them in Bitcoin

[Jon MW]

Article from 2013

https://www.coindesk.com/london-street-food-artisan-burger-bitcoin/

I'm sure that person will be pleased to know he paid the current equivalent of about $60 for a burger

With all these maps - it's possibly more accurate to say these are places that 'have' accepted bitcoin - it's unclear as to how many have being doing so over the last year.

An index would be the best measure - a total coins traded for material transactions would show the bigger picture.

[acegooner]

.

[acegooner]

Bitcoin was an experiment that one guy thought up 9 years ago. It is only really in the last year or two that there has been a vast increase in adoption.

Saying that there needs to be bookshops across the globe accepting bitcoin for it to be successful is lame.

@Doobs I agree that banks seem cheap, quick and less easy but remember that you are living in the United Kingdom. We are blessed with governments and banking systems that haven't failed for quite a long time.

It is free and fast to send a bank transfer to someone in the same country as yourself, but beyond that bitcoin is much better. It is virtually free to make a transaction, it takes 10 minutes and it is much more secure.

I didn’t say that, I was referring to small businesses (my sisters being a valid example) which have a hard enough time dealing with things like excessive business rates , before they can even consider an acceptable alternative medium of exchange other than FIAT currency. If bitcoin is to succeed it needs these businesses to support and accept it.

You still haven’t come back to me with where I can eat, sleep, travel and pay my bills in London. Perhaps it’s because it’s not practically possible at this time.

Here you go Mr Gooner, took about thirty seconds to find this.

You can eat at Burger Bear
You can sleep at Clink261
You can travel with CheapAir
Not sure what bills you are looking to pay but Sheridans Lawyers will probably assist and you can pay them in Bitcoin

Not sure most residents in London want to sleep in short-term accommodation. I want a Landlord that accepts bitcoin, or a Mortgage company that will allow me to repay a loan with Bitcoin. The reality neither exists.

I don't want to exist on burgers every day, I wan't to buy every day staples from a supermarket.

Why do I want to fly from North to South London! Or from my house to work or the Emirates Stadium. I want to use public transport.

Why do I need to pay a lawyer when I don't have any legal disputes with anyone or have any plans to purchase something that requires legal advice?

The reality as I said is you cannot exist on Bitcoin in London, nor will you at any time in the foreseeable future.   

[StuartHopkin]

Bitcoin was an experiment that one guy thought up 9 years ago. It is only really in the last year or two that there has been a vast increase in adoption.

Saying that there needs to be bookshops across the globe accepting bitcoin for it to be successful is lame.

@Doobs I agree that banks seem cheap, quick and less easy but remember that you are living in the United Kingdom. We are blessed with governments and banking systems that haven't failed for quite a long time.

It is free and fast to send a bank transfer to someone in the same country as yourself, but beyond that bitcoin is much better. It is virtually free to make a transaction, it takes 10 minutes and it is much more secure.

I didn’t say that, I was referring to small businesses (my sisters being a valid example) which have a hard enough time dealing with things like excessive business rates , before they can even consider an acceptable alternative medium of exchange other than FIAT currency. If bitcoin is to succeed it needs these businesses to support and accept it.

You still haven’t come back to me with where I can eat, sleep, travel and pay my bills in London. Perhaps it’s because it’s not practically possible at this time.

Here you go Mr Gooner, took about thirty seconds to find this.

You can eat at Burger Bear
You can sleep at Clink261
You can travel with CheapAir
Not sure what bills you are looking to pay but Sheridans Lawyers will probably assist and you can pay them in Bitcoin

Not sure most residents in London want to sleep in short-term accommodation. I want a Landlord that accepts bitcoin, or a Mortgage company that will allow me to repay a loan with Bitcoin. The reality neither exists.

I don't want to exist on burgers every day, I wan't to buy every day staples from a supermarket.

Why do I want to fly from North to South London! Or from my house to work or the Emirates Stadium. I want to use public transport.

Why do I need to pay a lawyer when I don't have any legal disputes with anyone or have any plans to purchase something that requires legal advice?

The reality as I said is you cannot exist on Bitcoin in London, nor will you at any time in the foreseeable future.   

I have no great bitcoin knowledge, nor do i think i know if it will take over the world or fizzle out by the end of the year.

You seem to have changed your requirements as you only asked for somewhere to eat, sleep and pay your bills.

I provided you with somewhere to eat and sleep, I admit the bills were a bit of an issue.
But now you seem to have got picky about what you want to eat and where you want to sleep.

The highlighted bit is wrong and you know it is, but your not the kind of person to admit it.
Give me 100 bitcoins and I could exist in London for a year, no problem.

P.s. You can pay your rent in Bitcoin if you want to live here http://www.rmguk.com/bitcoin-now-accepted-for-rent-payments-in-uk-first/

[tikay]

"....Give me 100 bitcoins and I could exist in London for a year, no problem....."

If someone is dishing them out, I'll have a hundred too please.

[EvilPie]

Give me 100 bitcoins and I could exist in London for a year, no problem.

Without having to convert any in to real money at any point?

How are you planning on getting your Morrisons meal deals?

Where will you drink?

What about when you want to go to a casino?

Not being deliberately argumentative by the way, just genuinely interested if it really is possible at present with zero use whatsoever of some normal money.

[horseplayer]

Ace I admire your persistence if nothing else

Why ask a question get a perfectly reasonable answer and for once possibly accept you may have got something wrong?

I have zero financially interest in bitcoin or any other crypto but the more you post the doom and gloom the more I want it to continue.

Lucky and others on this thread have admitted when they have slipped up possibly try it sometime

[EvilPie]

Bitcoin was an experiment that one guy thought up 9 years ago. It is only really in the last year or two that there has been a vast increase in adoption.

Saying that there needs to be bookshops across the globe accepting bitcoin for it to be successful is lame.

@Doobs I agree that banks seem cheap, quick and less easy but remember that you are living in the United Kingdom. We are blessed with governments and banking systems that haven't failed for quite a long time.

It is free and fast to send a bank transfer to someone in the same country as yourself, but beyond that bitcoin is much better. It is virtually free to make a transaction, it takes 10 minutes and it is much more secure.

Do the sort of countries that have currency issues have the technology spread over a wide enough area to adopt bitcoin?

The UK has the technology to push forward with Bitcoin but it doesn't really have a need for it because the system we have is crazily stable and straightforward.

If we're dealing with other countries don't we just deal in dollars or euros?

[StuartHopkin]

Give me 100 bitcoins and I could exist in London for a year, no problem.

Without having to convert any in to real money at any point?

How are you planning on getting your Morrisons meal deals?

Where will you drink?

What about when you want to go to a casino?

Not being deliberately argumentative by the way, just genuinely interested if it really is possible at present with zero use whatsoever of some normal money.

To exist as I do now wouldn't be possible

But if we only have to exist in some form then it is obviously possible that I could live in that hostel and eat burgers for a year.

Not sure how great it would be but I would be existing.

[nirvana]

Bitcoin was an experiment that one guy thought up 9 years ago. It is only really in the last year or two that there has been a vast increase in adoption.

Saying that there needs to be bookshops across the globe accepting bitcoin for it to be successful is lame.

@Doobs I agree that banks seem cheap, quick and less easy but remember that you are living in the United Kingdom. We are blessed with governments and banking systems that haven't failed for quite a long time.

It is free and fast to send a bank transfer to someone in the same country as yourself, but beyond that bitcoin is much better. It is virtually free to make a transaction, it takes 10 minutes and it is much more secure.

I didn’t say that, I was referring to small businesses (my sisters being a valid example) which have a hard enough time dealing with things like excessive business rates , before they can even consider an acceptable alternative medium of exchange other than FIAT currency. If bitcoin is to succeed it needs these businesses to support and accept it.

You still haven’t come back to me with where I can eat, sleep, travel and pay my bills in London. Perhaps it’s because it’s not practically possible at this time.

Here you go Mr Gooner, took about thirty seconds to find this.

You can eat at Burger Bear
You can sleep at Clink261
You can travel with CheapAir
Not sure what bills you are looking to pay but Sheridans Lawyers will probably assist and you can pay them in Bitcoin

Shirley one of those cases where 'proving a point' weakens it massively

[nirvana]

Ace I admire your persistence if nothing else

Why ask a question get a perfectly reasonable answer and for once possibly accept you may have got something wrong?

I have zero financially interest in bitcoin or any other crypto but the more you post the doom and gloom the more I want it to continue.

Lucky and others on this thread have admitted when they have slipped up possibly try it sometime

No one can actually make a right or wrong point on crypto in regard to its future. We can make factual statements about its past but the rest is us all just shooting the breeze. Mind you, I could be proved right or wrong on this

[Jon MW]

Bitcoin was an experiment that one guy thought up 9 years ago. It is only really in the last year or two that there has been a vast increase in adoption.

Saying that there needs to be bookshops across the globe accepting bitcoin for it to be successful is lame.

@Doobs I agree that banks seem cheap, quick and less easy but remember that you are living in the United Kingdom. We are blessed with governments and banking systems that haven't failed for quite a long time.

It is free and fast to send a bank transfer to someone in the same country as yourself, but beyond that bitcoin is much better. It is virtually free to make a transaction, it takes 10 minutes and it is much more secure.

Do the sort of countries that have currency issues have the technology spread over a wide enough area to adopt bitcoin?

The UK has the technology to push forward with Bitcoin but it doesn't really have a need for it because the system we have is crazily stable and straightforward.

If we're dealing with other countries don't we just deal in dollars or euros?

The reserve currency in these countries does tend to be the dollar, and they do tend to have much more extensive mobile phone network than they do banking network.

So it is technically possible for cryptocurrencies to become the reserve currency in many cases - but that would still require many, many companies in those countries accepting bitcoin. As with every other possible use of blockchain technology it has to be a convincing alternative to the status quo - and there have been very few applications where this has been the case (so far).

[acegooner]

"....Give me 100 bitcoins and I could exist in London for a year, no problem....."

If someone is dishing them out, I'll have a hundred too please.

I will give you £50 for them Tikay because sage buffet says they are worthless? Surely that's £50 more than you started with .