Currently it is bubble time. If you have Bitcoin, Ethereum, Dash or any other good performing cryptos you are in delirious heaven.

I imagine this is what it must feel like to be on drugs and a good high.

While the emotions go nuts, your logical brain goes "Don't be stupid! Don't be stupid! This cannot be real."

Winning is fun

I am benefitting from this run myself as I am invested into the space and am going thru these motions myself. I also have created a video, talking about this run that is doing pretty well for me.

In times like these, I like to focus on the hard benefits something like bitcoin can give us and thus I have created a video showing how I save money with bitcoin in real and daily life.

Bitcoin and shopping

Bitcoin does not really make sense to use in retail. It is expensive and has neither value for consumer or retailer. Unless there is a clear benefit such as purse.io can provide. So pretty much purse is the only way I use bitcoin to shop online. Purse.io was one of the first real use cases to use bitcoin. A true consumer application that can't be done with traditional tech. It is cumbersome and less simple than using a credit card, however the discounts are so enormous that it is simply stupid not to use.

The first real remittance program that works

Purse.io is actually a remittance program, where one can exchange amazon credits or gift cards for liquid cash, in this case bitcoin. Purse takes advantage of the global reach of bitcoin and allows people in any country that want to exchange whatever they have to purchase stuff on amazon with into bitcoin. So while we are waiting for those remittance programs that have been touted to change the world, purse.io has made this happen in a different way than we anticipated. Congrats purse.io and thank you for making my life better with this wonderful service.

Different uses cases for bitcoin

There are different ways to use bitcoin. For me, first and foremost I use bitcoin as investment vehicle. I think most people do. Just a few %ages of the value of my bitcoins is used for retail. For the investment use case tx fees are practically irrelevant. The bitcoin debate often forgets this. I would think that most bit coiners are like this, or at least most in the sense of value and as long as the price goes up little will change.

Shopping is a very different use case. The bitcoin fees make this not feasible. But there are other reasons why shopping with bitcoin can't win over using your credit card in most cases. Purse is an interesting exception.

I hope cryptos are bringing value into your life and if they don't I hope to have shown you a way they could.