Senin, 19 Desember 2011

New Site Launched: Bitcoin Cigarettes


It was just a matter of time, of course, before Bitcoin found this application. The site offers shipping to the United States, Canada, United Kingdom, Belgium, Portugal, Sweden, Ireland, and the Netherlands.

There is a huge market for this sort of thing, which is especially obvious when we look at what people currently pay for cigarettes around the world (prices are in USD for a pack of 20 Marlboro cigarettes):

Country/StatePrice
Australia$14.90
Norway$13.80
Ireland$12.10
Canada$10.30
New York$10.00
New Zealand$9.90
United Kingdom$9.60
France$7.90
Iceland$7.70
Netherlands$7.40
Sweden$7.30
Finland$7.30
Denmark$6.70
Germany$6.70
Belgium$6.50
Italy$6.40
Austria$6.00
California$6.00
Portugal$5.20
Spain$5.20
Hong Kong$5.10
Japan$3.90
South Korea$3.00
Bitcoin Cigarettes$2.59
Mexico$2.50
Brazil$2.40
China$2.10
Russia$1.60
Saudi Arabia$1.60

Of course, this site is illegal, though laws may vary from country to country. In Canada, it is illegal to import cigarettes, save for the usual duty free entitlement when returning from abroad.

Edit: I have been corrected in the comments. It is not illegal to import cigarettes into Canada, only to do so without paying the appropriate taxes (i.e. smuggle).

As I said in my recent post about Bitcoin adoption, the illegal and international markets will be two of the five prime drivers of Bitcoin adoption. Bitcoin Cigarettes takes advantage of two of these at the same time.

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