[bobcallme]

> 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.

[aqme28]

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...

[dnadler]

Isn't each transaction costing you a few dollars?

[bobcallme]

Not if you use an economic fee and an accelerator.

[seanmcdirmid]

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.

[StudentStuff]

Go to Cap Hill if you want to spend BTC, the east side is pretty well devoid of establishments that take bitcoin.

[placeybordeaux]

What places take BTC in caphill?

[jeffwass]

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)