Now Accepting Bitcoin

To my knowledge, I have become the first and only plumbing shop in Memphis to accept payment in Bitcoin.  This is a continuation of the pattern I began in 2001 when I became the only plumber in Memphis who accepted the Diner’s Club credit card.  I think I processed only one transaction via Diner’s Club, but I enjoyed the idea of using a card with such a name on a sewer-cleaning call.

Bitcoin is different.  There’s nothing absurd about using it to pay for plumbing services or for anything else.  I like the idea of cryptocurrency mostly because it gives some people the heebie jeebies. If Bitcoin succeeds, I’d like to be in when it happens.  If it fails, at least I can say I tried.

Bitcoin has been falling in value lately.  Nine days ago I placed an order for 1.00 BTC at $391.  Luckily, a few days later, the agent (Coinbase) canceled my order due to some dumb technicality, so I didn’t see my investment drop to $359, which was the price this past Monday, the day on which I placed another order for 1.00 BTC.   It is now Thursday night and Bitcoin is currently valued at $344.  Oh, well, nobody ever said that revolution would be easy.