Hollywood Nail Salon Now Accepts Payments in Bitcoin

So last Sunday I was strolling back from my gym near Hollywood and Vine, when I came across this sign right alongside the Walk of Fame, somewhere in between Mae West and John Wayne:

That's right: A Hollywood nail salon is accepting Bitcoin. (Wynn Nail Spa, to be exact.) Which might seem like a wonderful thing if you're in LA and you need your nails done, and happen to have some free Bitcoin to spend.

Then again, there's a problem there:

Very few people seem to be spending Bitcoin on anything, let alone nails, because the daily transaction rate of Bitcoin is currently well below 60,000, which is itself well below the virtual currency's all-time high of 70,000 last December. Then again, with Bitcoin so much in the news lately, it's still a nice way for a nail salon to seem like it's on the cutting edge. (Especially on a street often called the Boulevard of Broken Dreams.)

And yet again, one has to say, with 400,000 regular users, it's likely more people spend Linden Dollars to get their virtual nails done than will ever spend Bitcoin on their IRL nails.

Please share this post:

Tweet

 

Comments

[Pussycat Catnap]

Much more impactful on BitCoin than this sort of thing is that the IRS has classified it.

Regulation - once its in place predictability arrives. Once you can make predictions, investments can be seen as safer.

So now that the IRS is involved, people might start taking a second look at the thing.

I'm still not for BitCoin, but one of my biggest arguments against them has now been addressed.

[MetacamOh]

I prefer Dogecoin. wow.