>Bitcoins are a currency, there's no need to convert them
Yes, unless you want to, you know, buy something...
Yes, unless you want to, you know, buy something...
You need grocery stores, gas stations, clothing stores, and restaurants to start accepting it. Until then, it's really just a novelty for middle class college Libertarians.
Do you think that cryptocurrencies spring fully-formed from the forehead of Zeus?
That bar/grill is a novelty -- and it probably only accepted BTC in the first place because there was a BTC EVENT held at it.
There's even projects that accept donations in bitcoins, you'll see wallet addresses like this: 1JBEGFXW6ywMtZnCbjvKGJXDtdR6g6KmMi
Their utility isn't tied to the fact that you can turn them into more of your favorite currency later, that stupidity is what's driving the current bitcoin bubble. Wait till people realize what you can do with them.