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by weavejester 4503 days ago
Perhaps you don't want the purchase to be connected to your credit card, or perhaps the purchase is small enough for it not to matter. I've bought a few indie games with Bitcoin, admittedly mostly for the novelty, but it also turned out it was actually easier than typing in my credit card information. It also requires me to place less trust in the website; sure credit cards have much more protection, but it's still a pain if your credit card number winds up stolen.

However, when it comes to physical goods costing more than a trivial amount of money, I'd certainly want to use a credit card.

1 comments

"it was actually easier than typing in my credit card information"

What about if you amortize over the time it takes to set up your bitcoin wallet, etcetcetc. (and to be fair, it takes time to set up a credit card, but there's also a much larger set of purchases to amortize over).

I setup my bitcoin wallet in the early days when there was much less infrastructure, and back then it took a while! However, a few months ago I tried a peer-to-peer bitcoin website and I was surprised at how quick it was. I think went from sign-up to bitcoins in my account within about 15 minutes (+ confirmation time).

There's still a significant learning cost, of course, but I'm encouraged by how much better the infrastructure around Bitcoin is compared to just a few years ago. The infrastructure looks pretty professional now, and the security practices are noticeably better (though that isn't exactly hard, considering how insecure the earliest services were!)