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by bobcallme 3128 days ago
> Bitcoin is not even good for transactions, its supposed primary purpose, right now.

How so? I buy lunch with Bitcoin and a few weeks ago I paid for a car repair with it. If I need more, I just go to a bitcoin vending machine near by.

4 comments

Aren't the transaction fees now measured in dollars?* You're paying $10 for lunch and $5 in miner fees. That's not practical.

* https://bitinfocharts.com/comparison/bitcoin-transactionfees...

Isn't each transaction costing you a few dollars?
Not if you use an economic fee and an accelerator.
Where did you do this? None of the local businesses (Bellevue WA) take bitcoin that I can tell, and it is populated by lots of techies.
Go to Cap Hill if you want to spend BTC, the east side is pretty well devoid of establishments that take bitcoin.
What places take BTC in caphill?
I'm curious - do you report your capital gains on the bitcoin you transact in?

(Assuming you bought it for cheaper than the price you transact at)