Monday, December 22, 2014

Living On Bitcoin

By Kevin Cruz

Editor’s note: Contributor Kevin Cruz writes for BitcoinMagazine and so he knows a few things about Bitcoin. But with the help of a BTC to cash service he tried to live for weeks using only bitcoin.
I write for a living and sometimes people pay me in bitcoins.  I’m aware that I’m being paid in a currency that hasn’t reached mainstream adoption, but I keep collecting them to see what happens.
Last month, while writing a book review late in the night, I got a phone call from an unknown number. It was a guy named Cyril Houri from a Bitcoin company called Brawker.
He had a proposition that blew me away: he would help me to live solely on bitcoins for a month. I was going to be his guinea pig.
Brawker allows people to buy and spend bitcoins by matching a bitcoin holder with a credit card holder; The credit card holder pays for a good/service and receives the bitcoins in return. Effectively, this provides a platform for  people to buy bitcoins.

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