Hacker News Reader

> 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.

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

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

Reply on news.ycombinator.com