Published on Dec 14, 2017
Bitcoin is a virtual currency, but very few people use it to actually pay for things because of transaction fees and its rising value. WSJ’s Thomas Di Fonzo takes to the streets of New York to try to spend bitcoin at brick-and-mortar establishments.
he is using an exchange wallet like a bank card there are free wallets with no fees
one should use a spend wallet and a heavy device encrypted main wallet just like not carrying all your safe contents with you each day
Think of it as a digital version of gold or silver yous you could spend coins at a store for face value but that is all you would get unless a private sale or you go to an exchange place.
just shows guy is ignorant of reality
I have bought haircuts, farm equipment, feed, livestock, and many other things from private individuals. Buying from a store is waste of bitcoins since most are not set up for them and don’t have. Current trade value.
been using coins since 2014.
“….Think of it as a digital version of gold or silver…..”
I haven’t been very impressed with the digital version of anything, but outside of his choice of wallet, there are other hidden costs associated with its use, too: You need a computer or other device, and an internet connection or you can’t use your money. $700 for an iPhone, $50 per month ISP bill.
Then there’s the fragile nation of all digital files: they can vanish in a heartbeat. I think I’d rather have the metals.