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Comment by aqme28 | Hacker News Reader

I don't understand this common criticism.

If I buy something with bitcoin, that means I'll have that much more USD to reinvest in bitcoin if I so choose. Besides, if the price goes up x1000 then I'm not going to complain.

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What I need is the ability to automatically reload my wallet with the same amount of Bitcoin I spend as I spend it, so I always have X amount. I want to save at least a certain amount for years, so of course I don't want to spend it, but I have no problem using the USD I would have used to purchase something to buy Bitcoin to offset BTC based purchases. This just needs to happen seamlessly so I don lose money because of volatility.

Yup, totally agree. If there was a seamless way to ensure my bitcoin wallet always auto-reloaded after I spend, I'd have no problem using bitcoin as an actual currency.

This seems like a pretty simple & awesome feature for coinbase to implement.

Just sent Brian at Coinbase a note about this. I'd use the feature constantly if they added it. It could be as simple as selecting a funding source when you send; your wallet or an option to purchase what you're sending.

I emailed them about this idea a few weeks ago and they replied with this: "Thanks for your feedback - that's a great idea! I'll pass this on to the team so we can look into implementing that!"

Trouble is it's not anonymous. If you could find a way to do that anonymously, that would be amazing.

Just find a friendly localbitcoins seller. Hand him cash once a week while you're at your favorite coffee shop.

https://sharedcoin.com/

(Fred from Coinbase)

Agree, strikes me as a good idea.

be aware that the value of bitcoin is in no way guaranteed to rise and you are gambling with your money.

Thanks for pointing this out. If there was an automatic way to have my wallet reloaded after I spend some bitcoins, I wouldn't think twice about using bitcoin for regular purchases.

> If I buy something with bitcoin, that means I'll have that much more USD to reinvest in bitcoin if I so choose.

Where exactly is the "much more USD" coming from?

"That much more", not "much more".

If he spends BTC instead of USD to buy the domain, he still has his USD he didn't spend on the domain to buy the same amount of Bitcoins right away, if he chooses. His Bitcoin holdings don't have to change just because he paid a merchant that accepts Bitcoin.

Somebody is forgetting about exchange/purchase fees associated with acquiring bitcoins in the first place (assuming you don't mine them - most people don't). It isn't free to just buy more bitcoins. However it is free to just buy domain names with USD - at least from a consumer perspective.

With Gyft cash back at 3% and Coinbase fee at 1% it's cheaper to buy stuff on Amazon via USD->BTC->Gyft->Amazon than even a rewards credit card directly on Amazon

On Black Friday, at Coinbase, it is.

https://news.ycombinator.com/item?id=6800041

Don't ignore the 10% discount that Namecheap is offering.

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