A few months ago I took the leap of ordering a Tenx card. It cost $15 and this includes the shipping and administration. I then had to wait around 3 months till the card finally showed up. With this card I was now able to use bitcoin to make purchases wherever Visa is accepted. Like most things in crypto I was a bit sceptical but for a mere $15 I was willing to take a chance.
Two weeks ago I finally received my card and I was excited at the prospect at what I could now purchase. Unfortunately being middle aged and mundane groceries flashed through my mind. My thought process was that if I could use bitcoin to purchase weekly groceries then I would potentially purchase more groceries when the price rises. If the price dips too much I will use regular fiat . Regular use of the card is beneficial as you are rewarded in Tenx pay tokens which are trade able on Bittrex and can be stored on Ethereum wallets such as MyEtherWallet. I am not to sure how this are created and how they appear on your card or wallet so cannot provide much information at the moment. I do plan to update you as I proceed with my Tenx journey.
It was with much interpretation that I headed to the local supermarket and made a purchase of groceries. I inserted the card into the self service machine (too shy to experience awkwardness while at the counter, if the payment doesn't work), typed in the pin (its not contactless) and then it flashed up "payment successful". I resisted the urge to click my heels together and jig out of the shop but instead started thinking about how I can use BTC to be expressed as a basket of goods. Please see photographic proof.
Governments use a basket of goods to measure the rate of inflation. They will look at the price of different goods to see if prices have gone up. However we as citizens are not fully aware of what they leave out and if they use certain goods to make their economic policies look good. Therefore I decided to express my own shopping and therefore show how BTC has risen or fallen and express it in terms of whether I cannot buy certain goods when it drops and extra goods when it rises.
I plan to do this once a week and show via a time stamp how the price has risen or fallen. In addition to this I will add or subtract goods to my shopping list.
