Post
Topic
Board Bitcoin Discussion
Re: Gyft and BitPay Open 50,000 Retail Locations to Bitcoins
by
BTC Books
on 12/05/2013, 21:38:35 UTC
Nice ! - I just bought a $25.00 GC for .2222 BTC
At the current exchange rate, that cost me $25.02
This is MAGICAL!
I'm going to eat lunch everyday for the next month using only Bitcoin!

I don't understand, why would people pay $25.02 for a $25.00 giftcard (that possibly will expire)? why not just use your credit card, which probably give you 1% or more cashback on your purchase?

Because you don't pay a minimum of 20% tax on the income if you bought your coins for less than the current exchange rate?  In the U.S. anyway, which is the only place Gyft is valid.