How is buying gift cards not just a more restrictive way of converting your Bitcoin to the currency on the gift card?
It is, but the restrictiveness of mostly mitigated because you can either 1) buy gift cards to stores you visit on a regular basis (eg. nearby supermarket) 2) buy gift cards only after you've decided what to buy. It's also adventurous compared to converting to cash directly because there's usually a discount on the gift card (compared to having to pay a fee for cash), and that AML regulations are laxer.
And Overstock accepts BTC and isnt famous for over-working and under-paying their employees.
Re:BitTorrent v2
by davidgerard on Tuesday September 08, 2020 @07:48AM
(#24407450)
localbitcoins has KYC now
https://localbitcoins.com/
>You could argue “but you just have to find vendors who accept bitcoin!” But with 3 bitcoin I won’t find enough vendors to spend it on.
There are also bitcoin-for-gift-card stores, which vastly expands your vendor options.