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0 sats \ 1 reply \ @spiderman OP 4 Sep \ parent \ on: Do You Guys Really Spend Bitcoin? bitcoin
Really? I do not have enough spending experience (so far have focussed on accumulation and do not have a lot to afford the luxury of spending yet), but why do you think so?
For merchants that are easily comparable, it is often a lossy proposition. For example, the only two sites I know where I can book an international flight tickets via direct bitcoin payment? Travala and Bitcointravel.
Both seem to charge about 10% more for the same route on same day compared to the airline's own site. On top of that, Bitcointravel cannot even find the flights on most routes (I do not know if it is because they did not enter an agreement with the corresponding airline as third party agent).
Given that Bitcoin's ethos would resonate so well with the digital nomad, global traveller type crowd (who should be attracted to border free money, no currency exchange hassle), I thought the air travel market would top adoption over any other industry, and by now there will be a dozen travel agents begging for my sats. Nah...the old fashioned master card rules.
I would certainly choose to pay in fiat if the resultant price is lower and the service the same as in your example with airlines and online booking but in my experience when it comes to food Bitcoin accepting outlets are well above average in value and quality.
Online air travel sales are ultimately big business and any middleman must pay the airline in fiat so that is not the type of business i would expect Bitcoin to have any significant advantage- in fact airlines are almost always themselves highly debt leveraged and effectively owned by either the banks or governments if not both.
Smaller local grassroots businesses who are accepting Bitcoin are my preference to support and my experience with them has almost always been very good.
When traveling to a new destination it helps to narrow down the often overwhelming number of food outlet options significantly down to a manageable few.
How many restaurants in Hong Kong accept Bitcoin?
My guess is it would be in the single figures- so go out and try them!
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