Post
Topic
Board Bitcoin Discussion
Re: I let my last credit/debit card expire this month
by
thejaytiesto
on 10/05/2015, 17:52:12 UTC

While I do think it would be a bad idea, it would be possible for the OP to hide a good amount of his trading income, especially if he properly maintains his privacy

Trying to use bitcoin to break the law is a bad idea in general for lots of reason.I surely hope that isn't what the OP had in mind.
I don't think it is. My impression is that he is trying to avoid using government fiat as much as possible, however there are not enough businesses that accept bitcoin for this to be a viable option yet. I think a better approach would be a greater push to get more merchants to accept bitcoin so they can see it's cost advantages

online business that are relevant are all accepting bitcoin already, offline you may be right there are many that are still far behind in time

the point of the OP is to detach himself of the control from government and going 100% bitcoin is the only way to do so, i'm supporting 100% what he is doing, and i will do the same in the future when bitcoin will be more accepted

I don't get why everyone's supporting the OP. It seems silly to limit your choices like this. Clearly credit/debit cards still bring a lot of convenience in this world. Why not take advantage of that?



Example A. True story. I travel to a different state. I go to make a purchase. The card doesn't work. I call the number on the back of the card. I then have a total stranger on the phone tell me where when and what I purchased for the past week. I can't even remember all that. Now why do I want total strangers to be stalking me 24/7, knowing all my purchases, where and when? Imagine how much total strangers know about me! They know where I like to eat, what I like to eat. What I like to wear. What my tastes in movies and music is. Whether I am an introvert or whether I am an extrovert. The list goes on and on. They could probably have a sketch artist draw a picture of me and they could probably be very accurate.

And that doesn't even touch any of the other reasons - for paying interest, credit reports, reporting and flags etc.

I hate credit cards. I really hate credit cards. I will be following the lead of Elwar as soon as I can!

completely with you, bitcoin offers surely a greater privacy than credit card/debit card, no more random providers who calls you to offer you stupid business everyday, i hate those to death



So Ebay is irrelevant? because last time I checked you couldn't accept BTC as an ebay seller.

Anyway, I think the biggest problem with this is bills. I couldn't be able to pay for basic services with BTC, because there aren't any around that accept it.