I thought I’d share my experience with a brand new, innovative and enterprising website: BitSpend.net. The website’s goal is to facilitate purchases anywhere on the Internet using bitcoins as painless as possible. About 6 months ago, I acquired 1 bitcoin. Then, it was worth around $10 or so. I hadn’t thought much of it until I got word about BitSpend.net last week. By then, my 1 bitcoin was trading around $46, so I decided to take the risk on this start-up and placed an order. They emailed me an invoice with their payment address and my total, so I sent them the required funds ($29.30 plus $2 bitspend.net fee, converted to the bitcoin amount of 0.6683415 using Mt.Gox’s weighted average at the time of $46.83~). They placed my order on Amazon with 2-day Prime shipping, and voila! it just arrived:
Update 11/13: This service seems to be discontinued. Too bad.