Most of the times I introduce bitcoins to people who don’t know about it, they invariably reply: “Where could I use them?”
I would usually reply “at any merchant that accepts bitcoins.”
But now I’m able to reply “Anywhere”.
The next question most people ask is “But where do I get bitcoins in the first place?” I’d usually mention localbitcoins or Coinbase.
But now I’m able to tell them about Brawker.
Brawker is proxy buying service that allows you to both buy bitcoins and purchase anything on the internet using bitcoins with a guaranteed discount, just for using bitcoins.
Here’s how it works:
Buying Bitcoins using Brawker
On the Brawker website there’s a list of open orders posted by people willing to give you bitcoins for buying a specific requested good/service for them. After ordering it by using a credit card/PayPal and paying a premium of 8% to 20%, you receive your bitcoins. The exact premium percentage is selected by the party that posted the order.
How to buy anything on the internet with Bitcoins using Brawker
On the Website, create an order that will contain the link to the product you want, indicate a Discount (ranging between 8 and 20%). Your bitcoins are held in escrow. Then, wait for the notification that your order has been fulfilled. After receiving confirmation that the order has shipped, finalize the order. Your bitcoins will be sent to the buyer.
CEO of Brawker, Cyril Houri, treated me to a digital cup of coffee in order to illustrate the process.
I made a Brawker account which he funded with enough bitcoins for a Starbucks gift card. I provided the link to the online purchase screen for the gift card and indicated the price of the good ($20 in this case) in the order. Since I paid in bitcoins, I was entitled to a discount (I chose to pay about 20% less than the full price) that in turn becomes the credit card/PayPal user’s required premium. I included my email address in the order and within a matter of minutes I received an email containing a Starbucks card. I finalized the order, and the fiat spender received his or her bitcoins.
To summarize, my first bitcoin transaction using Brawker was a win-win deal for everyone involved.
I got to spend my bitcoins and got 20% more buying power for simply spending them.
The person who “bought” my bitcoins was able to do so very easily. They just bought a Starbucks gift card using a credit card.
Lastly, that same day I enjoyed a hot cup of coffee knowing that bitcoins had purchased it. And it felt very good.
One of the most convenient ways of using bitcoins with Brawker is through an Amazon Wishlist, in which you can input your mailing address on the web page belonging to the item you want to buy. Your mailing address is kept private until someone is fulfilling your order with their fiat money. Your purchase will instantly be sent to your home.
Before founding Brawker, Cyril Houri created three different companies offering location technology products. He received a patent for IP address geolocation in 1999 for his first company, then transferred the service to mobile devices two years before Google did it. He finally brought the idea to indoor buildings with his company Navizon. Some time afterwards he fell in love with Bitcoin.
“After witnessing the Mt. Gox fiasco,” Cyril Houri concludes, “I realized that we needed a truly decentralized peer-to-peer bitcoin exchange. I got the idea to create a distinct kind of exchange involving the purchase of goods and services through online merchants such as Amazon.”
Brawker has the power to effectively clear the barrier of entry and use for bitcoins, giving more people access to this new global economy than ever before.
The post All About Brawker with Cyril Houri appeared first on Bitcoin Magazine.
The BlueCoin Phenomenon
BlueCoin is very serious about their chosen theme. Taking cue from the cultural antics of the Dogecoin community, the founders of BlueCoin have been trying to give it something of a personality. They announced an official BlueCoin afterparty to ...read more
Ripple Labs CTO Designs Smart Contracts
Stefan Thomas is one of the more talented and respected developers in the space. An old hat at this young technology, he has been making waves as the CTO of Ripple labs. In a recent effort he has set ...read more
American court stops Mt. Gox from auctioning Bitcoin domain
A United States court issued a temporary order to forbid the sale of the domain Bitcoins.com, which is still owned by the CEO of the defunct cryptocurrency exchange Mt. Gox. Mark Karpeles announced the auctioning of the domain two weeks ago. The injuction ...read more
New York-based Coinsetter evolves to “full US Bitcoin exchange”
Following the recent presentation of the first BitLicense draft, the Bitcoin-related set of rules that will regulate the crypto-economy in New York, the local exchange Coinsetter announced its evolution from beta stage to “full US Bitcoin exchange”. “Today, we’re pleased ...read more
Building a Bitcoin Economy: How to Close the Loop
This guide is a continuation of a previous article at http://bitcoinmagazine.com/13104/building-bitcoin-economy-stimulate-adoption/ If you or someone in the area has been preaching crypto for a while, you probably have a few nearby businesses accepting Bitcoin by now. This is an important first ...read more
#OffTheCouch: Award-winning Film Could Bring Bitcoin to 1,000 High Schools
The Corporation Film’s Crypto Challenge from Hello Cool World on Vimeo. For its 10th year anniversary, “The Corporation” is raising money for a re-release shown to 1,000 schools across North America. Their original fiat campaign closed at $30,000, and they’re ...read more