So, who accepts bitcoin?
Trending, Wallets November 29, 2013 Comments Off on So, who accepts bitcoin? 34If you’re involved in Bitcoin, you have no doubt been asked the question “So, who accepts bitcoin?” True, it is the quintessential chicken and egg paradox, but that is not unexpected for the world’s first decentralized cryptocurrency lacking a political authority.
Commodity money and quasi-commodity money must gain their legitimacy and acceptance through the rigors of the free market unlike political currencies that simply gain prominence by virtue of State sanctioning. In the true absence of State sanctioning or legal tender status, the monetary unit with the superior features will prevail in a competitive marketplace.
Let’s take a look at the top ten merchant sites on the Internet that are currently accepting bitcoin as payment. Uncensored rankings are based on the amount of three-month traffic received by the website according to Alexa Top Sites (as of May 24th, 2013). The updated list is provided courtesy of The Bitcoin Trader, but a separate version of the Bitcoin Ladder is also tracked on the Bitcoin wiki.
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