Well hello, Wirex.

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.”

I am the Gumtree Cryptocurrency Felon – Part II

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”

Why I’m betting on Litecoin

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”

Why I don’t want Bitcoin Cash

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”

I am the Gumtree Crytocurrency Felon – Part I

Yesterday, whilst clearing my loft ready for a conversion, I came across some bits and pieces that I needed to sell off to make space. Some old (but fantastic) speakers, some computer parts, golf clubs (I don’t play golf but had acquired some anyway), china, books etc, all the usual stuff we probably all have in our lofts – and that cupboard we never go near unless we’re forced to for fear it may explode on opening. It’s a cathartic experience and we’ve been brutal in what we’re keeping and what we’re getting rid of.

As usual, we put the stuff for sale on a combination of Ebay, the local Facebook Marketplace and Gumtree. In every ad, as I have done so for some considerable time now, I put payment by Bitcoin and Litecoin as an option. Continue reading “I am the Gumtree Crytocurrency Felon – Part I”