Anything Goes : Would You Want to be Paid for Your Webseries in Bitcoin? by Andrew Heard

yes I also do trade and accept gold and silver spot prices, no load

http://finance.yahoo.com/news/9m-bitcoin-haul-buried-u-160800943.html

Hahaha! Sound like monopoly money... How "the creative financial world" changes everything comes up with all sorts of schemes and people fall for it... but after the most recent burst of the bubble most definitely I'd want hard cash...

There is no such thing as hard cash because currency is a medium of exchange, not a good or service itself. The virtue of Bitcoin is that it is more stable then national currencies that can be manipulated by central banking networks. The challenge is that they are only worth anything if the person you are doing business with accepts them. For that reason I would only accept bitcoin payment if it would be a gureented medium of exchange.

Bitcoins are a way to do an end run around government manipulated monetary systems so of course so this reaction was to be expected.National currencies are fighting a loosing battle because they are not based on real wealth, but it will take a major economic event like 2008 for a major change to an alternative.

Patrick I think you are right. I have been reading about bit coins and am sorely tempted to take money out of my accounts and transform them. But, what about spending them? I can't use bitcoins at BJ's to buy groceries.

Clean water will be the next real currency. They already call it blue oil.

Yes, I already have adopted Bitcoin as one of the payment options that people can use, along with USD and EUR, to purchase items that my film and (soon) my music offers to the public. I integrated that payment option into my film's business model for receiving revenue during production and post-production (my Film VIP program). You can exchange Bitcoins for dollars by using an online exchange or payment processing platform (like Bitpay.com), which will allow you to do the exchange from Bitcoins to fiat currency (e.g. USD) and the platform will transfer the fiat currency to your bank account. Right now, its a good move to consider accepting it as an added payment option. Just to give a polite warning, however, Bitcoin is very volatile in its value (as I speak 1 Bitcoin = $978, but it could go down or up in value sharply). That is why its best to price your items in regular fiat currency (USD, EUR, AUS, etc), and the amount of Bitcoins that are worth that amount is what you get paid. To get an idea of why Bitcoin is important, you got to look at the trends in our own nation and globally when it comes to economics, virtual banking and virtual business, our entertainment industry, and how we are a global society. The reason why Bitcoin is on the radar is because of the heightening demand of it due to the following factors: Increasing lack of confidence in the regular fiat currency (the lessening value of the dollar, but more is being printed out), the confusion and perceived mishandling of financial crisis events by governments and financial centers/central banks and population's distrust of both institutions, the fact that money is virtual anyway (when we use online banking or our debit card, we are transferring "numbers" from one financial source to our bank accounts), doing virtual business and virtual consumership is mainstream, and we are a global society. The attraction to a virtual, non-central government controlled money that allows people to transfer money without thinking about changing from one national currency to another is understandable at this point. Let's also consider that the entertainment industry's creation of today's very advanced virtual games/virtual worlds that cross over to the real world are probably the main places where many of us became used to so-called virtual currency and virtual products that have real world value to their consumer base. Right now, and it will continue to grow, we have a growing number of not only people who support Bitcoin as a payment or even commodity option, but also a growing number of both online and "bricks and mortar" businesses including restaurants and bars (take a look at Germany and the growth of businesses accepting Bitcoin..its something to see) and a growing number of musicians and the "fine art" and luxury market (see BitPremier.com) who are accepting Bitcoins. Someone just bought a Tesla car with Bitcoins recently. Also, you can google examples of people who bought Bitcoins just a few years ago, who are now very "financially abundant" because the value of Bitcoin compared to dollars shot up.

It is a FIAT--Not the car. Just do not be stuck with it if it ends, like any currency. Gold has been a great currency for a very long time. AMF India's reserve bank is maxed with gold as is Vietnam's. I like gold personally. Although as mentioned prior I will take Bitcoin, Gold and Silver Spot prices No load. No problem. Or even Barter. Barter is tough online and with some, but there are sites popping up to go that way. It is really the only way to do business without paying the "Vig, Vic" or whatever you want to call it... Some of these countries are so taxed the little person is trying to make their dollar hollar'. Take a dollar when earned, you get 70 cents there abouts, in some countries it's 50 cents. Then when you spend it, there is another 10 cents being docked. For what? The Roman farmer walked away from their farms when Ceaser was taking more then 50% to feed his govt....I am sure they will try and outlaw it if they can. America the World Police F'Yeah! Did you see the movie?