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Ask HN: How do you use Bitcoin

13 pointsby jacob_reziover 4 years ago

5 comments

patatinoover 4 years ago
For me it's just another asset, no need to use it to pay for things
tsujpover 4 years ago
Speculation. Service provision, infrastructure provision (hosted nodes).<p>It&#x27;s not very good for payments (that are small and&#x2F;or frequent -- and no Lightning is bad too (state channels are capital-inefficient)) despite what zealots would have you believe and it&#x27;s not very well decentralised on a geopolitical level either.<p>Bitcoin is a good introductory MVP example of what a blockchain is and it&#x27;s greatest contribution is Nakamoto Consensus.
esosacover 4 years ago
i live in venezuela and i buy and sell bitcoin every week because it&#x27;s the easiest way for me to get the local currency on localbitcoins so i can buy groceries and such. i only use it for this purpose<p>i&#x27;ve also sent money to people in other countries using localbitcoins. it&#x27;s really helpful for me in that way. they just deposit money into people&#x27;s accounts and it&#x27;s worked flawlessly for me so far
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electricantover 4 years ago
Mainly as financial speculation. I&#x27;m genuinely curious about the answers to this question
ur-whaleover 4 years ago
I use it to buy all kind of things on the internet.<p>I also use it to store a small fraction of my net worth in a place that is out of reach of anyone (ex-spouse, current spouse, lawsuits, governments, etc...).