Can a YouTube influencer survive for a day by solely spending Bitcoin (BTC)? Ryan Trahan tried this out as part of his collection of stunts and challenges.
Shopping for Meals With Bitcoin was the Most Tough Process
Trahan began off at a whooping milestone, being a “one-coiner”. He was handed one gleaming Bitcoin initially of the video and promptly got down to purchase breakfast.
His first try led to a failure, as meals vehicles mentioned a no to his requests for BTC payments. Eagle, Texas, has a single Thai restaurant that promised to just accept Bitcoin. Fortunately, Ryan Trahan managed to get a meal, however he needed to cheat and use one other technique to pay. The restaurant solely examined the waters with BTC, accepting the cash for a number of months previously. Coinmap, the app displaying areas that settle for Bitcoin, revealed solely outdated areas and eating places that weren’t in enterprise.
Trahan did come up with the money for a haircut at his native barbershop, instantly utilizing his cell pockets. The invoice got here to $35, which was only a fraction of a BTC. Trahan spent Bitcoin at a price of about $9,100 per coin, and for the reason that video’s launch, the value is a bit nearer to $9,400.
Hitching a Journey and Lodge Labored with BTC
Transportation was a bit simpler, although it got here with challenges. Trahan both cheated or was extraordinarily fortunate to search out an deserted scooter, on which he navigated the town. Scooters, apparently, didn’t take a BTC fee.
However hiring an Uber was simpler, although requiring an additional step. Trahan spent Bitcoin to get a $20 reward card, which he then used to get an Uber trip.
Mariot, the resort chain, was extra hospitable, providing reservations, lodging and room service as a Bitcoin fee. Trahan ended up proudly owning the rest of round 0.96 BTC. Not dangerous for an influencer with a $500,000 web value.
Spending Bitcoin in 2019 ought to be simpler – community charges are close to an all-time low, and are available to round $0.50 or decrease for entering into the following block. However Trahan bumped into an surprising delay – ready for his “change”, or UTXO stability, to return to his pockets and to be confirmed. This will likely take a couple of minutes, at the least the time till the following block. In case the community is congested, paying in BTC could have to attend for hours till it clears. Some retailers settle for zero-confirmation funds, however the pockets proprietor could face troubles utilizing the rest of the cash for some time.
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Photographs by way of Shutterstock, YouTube: Ryan Trahan
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