This actually happened to me today, word for word. There’s a great case for Bitcoin in my view, but sometimes the banks just like to make that case even more pronounced, don’t they?
It’s no secret I am a cryptocurrency advocate. I still think Bitcoin will retain the number one spot overall as a way to make infrequent, large purchases and/or a store of value, but I also think a handful of other currencies will exist for fast, day to day transactions for different reasons such as XRP, Litecoin and Monero. However, I don’t believe any of them will actually replace the banking system and nor should they. For various economic and monetary policy reasons, there needs to be sovereign currencies. But perhaps the fact that there is a real, global competitor that is becoming increasingly accessible will force the powers that be to examine how their currency is maintained. Well, maybe. Or maybe I’m just being an optimistic hippie-esque revolutionary again. Continue reading “Withdraw your own money? You must be joking.”
I’ve been an investor, miner and advocate for all forms of cryptocurrency for some time now, but only a small percentage of my transactions have been around actual use, as opposed to investment or transfers. It occurred to me that if I am to fulfill my self-proclaimed role of cryptocurrency evangelist, I’ve got to up my game in terms of spend and adoption.
Those of you who follow my blog already know that I have taken Bitcoin directly as a retailer using Bitpay, but I always found it cumbersome and clunky at point of sale. Now, as a consumer, finding places that take it directly Continue reading “Well hello, Wirex.”
This is a follow up story – you might want to read the original article first here
So, just I felt that my calls to Gumtree to see reason over allowing ad posters like myself to accept cryptocurrency were falling on deaf ears, I received a response from yet another customer ‘assistant’ seeking to clarify Gumtree’s position, with the usual poor grammar and rather dodgy sentence construction:
Continue reading “I am the Gumtree Cryptocurrency Felon – Part II”
Ever since I started investing in the crypto space, I’ve always had a bit of a soft spot for Litecoin. It started as a sort of hunch, much like you might get for a favourite number in roulette or a horse name that strikes you when searching for a Grand National bet, but once I started looking it in great detail, I found it was one I really liked. Alot.
You see, Bitcoin is great, but even early on it was pretty obvious to me that it was no good for small, everyday purchases – and let’s not forget I was actually speaking from proper, first hand experience. Before selling the last of three internet cafes and games zones that I owned, I had offered Bitcoin as a means of payment. It was only ever used a handful of times via Bitpay, but it was expensive and awkward to use and, to be honest, the people who used it were doing so because it was a new and exciting thing, not because it was more convenient. In the boom of December 2017, Continue reading “Why I’m betting on Litecoin”
It’s a funny thing, and something I’m often asked about: how come I have no Bitcoin Cash in my portfolio? After all, being such a proponent of Bitcoin, blockchain and cryptocurrency itself, why would I not hold any of the fourth largest coin by market capitalization? On the face of it, it doesn’t seem to make sense. That coin has decent community support (smaller than most, but very passionate and vocal), solves (or, more precisely, reduces) a host of technical and scaling problems present in the original Bitcoin (also referred to now as ‘Bitcoin Core’ usually by the ‘Bitcoin Cash’ contingent) and is poised to be one of the big players going forward, assuming they will deal with the current relative low adoption level. In point of fact, it’s the only one of the top ten I don’t own, excluding Tether which I don’t count for many reasons. It is, genuinely, a good coin, as much as I am loathe to admit it. Continue reading “Why I don’t want Bitcoin Cash”