And this is the problem that I see as well. One can buy crypto but how do you convert to fiat currency if the government controls all the off ramps? This is the flaw with bitcoin as far as I can tell. Maybe one day someone on the darkweb will start selling goods like an Amazon style store where you can get anything you could on Amazon, like a drop shipping store, sent to your house for bitcoin. If you can link it on the internet you can have an intermediary ship it to you for bitcoin. I think there is a real market for such a store in the future. How the person who is collecting all the bitcoins exchanges their bitcoins to cash I haven't figured that part out yet. Maybe they do it in a country like Venezuela but I am not sure if that is possible.
That is actually pretty neat thank you for sharing. But I am a little confused after watching the video on it. It seems like you pay less for items with your bitcoin, do the people ordering hope that one day the bitcoin will increase in value and make money that way? Or is it just a way to buy bitcoin with items vs cash? Or a way to convert gift cards to bitcoin and that is the cost of business? I'm going to check it out farther but seems pretty neat. The only issue I see with this one is it is a site on the clear internet you would have to register to and they could be forced by governments to sanction accounts.
As a bitcoin holder you're getting yourself a discount on purchases through sites like that because the people doing the amazon purchases are using stolen cards or stolen accounts.
People who have bought through sites like these have often found amazon refuses to honour warranties etc on the purchased goods, and when they've dug a little deeper it's been because the real cardholder or account holder has flagged the transaction as fraudulent.
