Quote from: franky1 on August 24, 2014, 08:10:51 PM

Quote from: bitcoin_purist on August 24, 2014, 07:41:12 PM

That's just bullshit. So you assume bitcoin will grow into infinity so that every adapter is able to make "profit"

ok lets compare bitcoin to gold
bitcoin 13mill coins circulation (21mill total in future)
gold 175k tonnes circulation (not much more in future)

on comparison, based on total amount available right now. your 0.2btc is equivalent to about 92 ounces of gold (if there were all 21mill coins in circulation your 0.2btc would be 56 ounces)

so you have spend basically 56-92 ounces of the worlds gold now, rather than waiting for the public to take it on and to receive true value for your hoard, and what did you get for your spend?... very little.

how is it proven that gold utility greater than or equal to BTC and vice versa for that matter? Its a tall order to presume that they will match in both perceived as well as actual value.

Quote from: bitcoin_purist on August 24, 2014, 06:57:50 PM

I've paid several times in bars and restaurants with bitcoin (I go there especially because of bitcoin) and every time I was ripped of.
Every time I paid a premium of 5 to 10% above FIAT price when I paid in bitcoin.

If bitcoin wants to succeed as a payment in bars and restaurants this really has to change.

The reason I did it was to show the experience to friends whom I sucked into the bitcoin sect.

Now I showed it to them all and I'm not going to use bitcoin for these purpose anymore untill the price is equal or cheaper.

Do other people have the same experience?

No sir I haven't when in your circumstance. HOWEVER, I've had embarrassing moments with walmart and target at the checkout line when trying to use the electronic gift-cards I purchased using gyft. I wanted to know how many other business establishments you have purchased from using btc? I often hear and see of others referencing discounts when people 'pay in btc' I've only paid spot price for gift cards and redeemed them for their value. Conversely I offered my sending rate as I used a paper QR code on the side of the food cart when I paid for some whiffies here in Portland.

I have also had to pay a premium on person to person transactions so I will do my best to negotiate it downward whenever possible.