Bitcoin Forum

btc is not good to pay our bills.,

we need new way of passive income goverments should start giving out universal income :) there is need for passive income



who will vote for that?=

I doubt free money is ever a good idea.

Giving things like rice, pasta, oats, fruit and potatoes for free as a basic diet might be beneficial though as well as other more luxury products, clothes and maybe Internet or similar.

A lot of utilities should really be socialised with private versions offering better as public transport in a lot of places (other than European trains) just has really high profit margins..

what about goverment vouchers to goods food and and holiday:) 

Polo7, you are starting up a lot of threads that seem to have a central thought in them, but mostly they're hard to understand what you're really trying to discuss.

The title of this thread doesn't make sense, for instance.  Do you mean to say "bitcoin dont pay our bills, SO we need passive income"?  That's what I'm assuming, but the statement still doesn't make a lot of sense.

And who would pay for that?  Is your definition of passive income "sitting on your ass and waiting for the government to give you money/food stamps/welfare/whatever"?  Well, that already exists and the people paying for that kind of income are the people who have jobs and pay taxes.

If you want legitimate passive income, put your money to work for you--whether it's crypto, stocks, cash, whatever.  Buy stocks that pay good dividends, stake PoS coins, and that sort of thing.  If interest rates were a lot higher I would suggest interest-earning banking products if you trust banks.

I have a feeling you think there's a need for free money, and there's no such thing.

I like to know where the OP comes from, maybe he found the palliative too good to stop. Even in some countries that give out stipend base on some criteria of citizens, the stipend wont give the life the citizen want. Bitcoin is an investment but an asset class that produces the best return in short while. Some citizen are even investing their palliative into bitcoin while some spend all and looking for more, a successful habit will always demand delayed fun.

Why ask the government for this matter? it is your or our responsibility to look for something like this. I'm shy if I'll let the government do all the things that can make my life easier and wealthy. It is duly our responsibility to make our lives better.

This is why many people are lazy, they ask most things from the government without having the initiative.

If you break down basic human needs, they trend towards looking something like this.

• Shelter
• Food
• Electricity
• Transportation

One might say, people need better, more affordable and easier ways to acquire shelter, food, electricity, transportation and other basic necessities.

That's a goal we're pursuing to elevate standard of living.

Some methods we might utilize to achieve this.

Shelter

-Increasing work from home opportunities makes it easier for people to transition to neighborhoods with lower cost rent.

Food

-Communal gardens and community farming programs can produce higher quality food at reduced cost.

Electricity

-Innovations like Elon Musk's 100 megawatt lithium grid battery carry the potential to revolutionize industries and greatly reduce cost of power:  https://www.dailymail.co.uk/sciencetech/article-8082841/Elon-Musks-Tesla-battery-farm-saved-South-Australia-116-MILLION.html

Transportation

-Lyft, uber and similar options are opening doors and giving people more opportunities in life.

...

If the goal is to improve standard of living and give people greater options in life.

Offering tax credits, tax cuts and deregulating industries which drive innovation and help people to solve issues relating to food, shelter, transportation and power would normally be the way to go.

 I think you still need to know what Bitcoin is, has bitcoin never paid your bill? Well presently if you say it's not paying your bill it's up to you because if you know well about bitcoin you will know why you may not get much from it now and rise up to your lazy feet to get your bills paid, are you expecting not to do anything else when you are broke and was bitcoin created to feed only you? What if there is no bitcoin, won't you eat? The problem is not about the Bitcoin, it's about you!

Love your analysis connecting the basic needs. Community food programs though are something that have failed spectacularly in erstwhile USSR. A better approach towards food is to find local alternatives, innovation in farming methods towards sustainable farming. Growing enough food in terms of quantity and quality for everyone depends on better farming methods.

Apart from this, the needs hierarchy is also about intangible needs like love, loyalty and security. Those come from better access to resources like education, healthcare, infrastructure and of course, law and order. All of these have nothing to do with a universal basic income but come from professional governance.

That might be negative in the long run. If we were to apply what @Hydrogen said about the food issue, then it's possible to do so, but if it were actually effective, why haven't the government implemented it? I'm not familiar if there was one already though so forgive my ignorance for that part.

Isn't it basically the same thing, you just made it more organized by giving out vouchers that may make organizing stuff easier for the government. If you want passive income, BTC isn't the only way, there's stocks, banks, heck. create your own business, or maybe your own site and place ads from various companies that would work with you. Passive income doesn't mean that you'd get it for free, you have to work for it to make it a passive income imo. Free money would only ruin the world, that was why money was made, to limit everything so that the word "free" can't be abused.

I think i got what you mean. Well, you cannot rely on Bitcoin for your daily needs nor paying all your bills on time. As we started learning Bitcoin and working in this Blockchain Industry, we need a lot more patience and hardwork before getting all the rewards that we deserve. It will take more time to earn those profits but its really worth the wait, and by then we can definitely pay bills through digital transctions or we can start to cash out our money if you want to convert it into fiat so you can actually hold it with your hands and then pay bills and buy goods. Its not being wise to just wait and ask money for the Government to pay your bills. There are still a lot of alternative ways to earn money, like working here in Crypto world, and be productive. You know, here in my Country, I try my best not to depend on the Government assistance, because we only have limited resources and the small funds they raised for the needy, i will just leave it for them since i can still be productive and fit to work at the comfort of my home, despite the fact that i also badly need money. Still, i prefer to work and earn on my own rather than depending to anyone or the Government.

In some countries, bitcoin can pay our bills, but I don't think that all items can be pay using bitcoin. But in other countries, I think they don't even think about bitcoin because their government didn't explain bitcoin so that bitcoin will sit still on the grey side.
In some countries, the government can give free money to people, but not all people will get free money with terms and conditions. People choose to work from any sector, and they don't want just to wait for that free money to come to them. Free money will not be the same as giving vouchers to those people so they can use it to replace it with foods, water, or else.

You were wrong. I'm sorry. Because of Bitcoin and cryptocurrencies, it helped me pay my monthly bills during the pandemic. Everyone like you has a different view about Bitcoin and passive income.

My ideas of creating passive income?

* Starting an e-commerce website and advertise it to Facebook ads (yes, you need to invest and treat it like a business).
* Start your own travel booking website and place some travel-related ads for revenue (and include Bitcoin as payment option).
* Join a legit or established network marketing company that has products and services essentially needed by everyone in all life aspects by building good relationships to your associates, motivate and educate them, and never deceive them in any way (only a handful of them can do that).
* Create your own mailing list (yeah, the good ol' internet and affiliate marketing days). By doing that, write an eBook, create sales funnels, subscribe to an autoresponder like Aweber/GetResponse/MailChimp, etc., build landing page for your eBook that can be given away for free in exchange of subscribing to your list, and then broadcast some products with your affiliate link from various products, etc.
* Create royalties (e.g., music, stock photos, etc.), and monetize them.

Or just simply think outside of the box! There are many possibilities out there. Again, just don't say Bitcoin can't help with the monthly bills. You just didn't tried it.

Who have told you at the first place to be reliant purely on what you can earn from Bitcoin? Also, we do have different rate and capacities on earning money through Bitcoin. Maybe for you, it cannot be attainable to pay your bills using the earnings you can gain from Bitcoin but for those middle and upper range earners, it is possible to pay bills using what they have earned from working on Bitcoin. Also, do not always be reliant on the government that they will provide everything you need to survive your living. Move up and work on your own and find possible ways suited for you to earn a decent amount of money to pay your daily expenses. Being reliant into a single thing will not help you improve yourself. Yes we are into a current crisis right now but there are still ways possible to earn money. You just need to exert effort on finding suitable working jobs that will give you income to survive your daily needs.

He is creating stupid threads. What he says here doesn't make sense: ¿Who would vote for passive income (given to you by your government)?

¿And who wouldn't?

He also equals passive income and universal income which are two completely different things.

Also, bitcoin in can give you passive income, as you point out, as any other investment, by appreciation of capital.

Another stupidity is the title: in this very forum you can find people who pay their bills thanks to bitcoin.

Passive income? What makes you think that the government should pay your bills and provide you with free money? Work, become a specialist in what you like and there are those things with which you will pay your bills.
Everyone wants free money, and nothing to do. The world is arranged differently, it's time to understand this.

Laying on your couch all day and having free money is everyone's dream because you will not have any financial problems. But it is indeed unlikely for the government to give you money, so you could pay your bills and provide your necessities. It is the common reason why many people are striving hard for them to have a job to earn money and do whatever they want.

Pasive income? If you really want one then try lending or if you have a adquate starting capital then establish an aprtment and open it for rent. If you have a huge amount of land then establish a cemetery (I'm serious with this one), I can assure you that you will get a good income yearly.
So don't compare btc with them because they're different. Well, we can say that hodling can generate money passively but overall it requires skills and effort on trading.
I don't know you but I can actually pay my weekly prepaid load consumption using bitcoin :P.

Borrowing is not good for passive income unless you have land or capital so every month we will flow our passive income without having to work or do good skills, just quiet enough you will get money, people now always want a passive opinion even though this is something that is difficult to do, including trading in bitcoin, we need good skills to start trading, so it can be done if you master it.

That is pretty obvious. Op wants to get rich quickly through cryptocurrencies just like many dreamers out there. He clearly needs to grow up. Anyone with a half decent brain know how risky it is to invest into this volatile crypto market.

HODLING is less risky when compared to day trading, but it still involves a decent degree of risk and passive income on a regular basis through this method is difficult no matter how skilled you are in trading which is why I wouldn't suggest this method for passive income.

As I can see what you are talking about is actually free money which is not a good idea specially in the current situation that we have liquidity increase by most of the governments after printing a lots of money(If you are talking about the passive income from governments). However, crypto will solve this problem for you if you are looking for a passive income I would recommend you to check the projects with proof of stack such as tron where you can get some passive income by doing nothing after investing on it.

I don't think this is sustainable for a government to giver out universal income for everyone. Most country have already some form of unemployment insurance which helps to cover cost until you find a new job. But for the government to pay all your bills continuously seems like a hoax to me. If a political party would over such a program, it seems to me such a move would fake news and they only want to get to power.

There is no doubt many people will try to vote for that and politicians will try to oblige, the problem is how is going to pay for that? The money has to come from somewhere right? And there are only two options, one is to rise taxes to incredible levels to those that are productive to redistribute that wealth, but this is going to lead to all of those that are productive to leave the country just because they have the money to do so, the other option is to print money but eventually inflation will destroy the value of the currency.

So while this is being proposed nowadays I do not see how it can work, however it will not surprise me if we see a version of that being approved in many different countries during the next decade.

Financial freedom is an achievement in the financial sector where you no longer need to work or only need a little work but generate regular income that "exceeds your needs" or what is commonly called passive income. Passive income will be easy to obtain if we are not the ones who created the system. Creating long-term passive income takes practice, the more often you practice the more trained you are to create systems that are able to drain passive income. Services are intangible, we must create value in order to attract passive income.

Passive income is good because it helps as option for wealth creation. Keeping our eggs in just a basket is not good especially in this hard times. If we are looking at getting just one line of income, then we are doom for failure. In other words, let's strive to make more income from different source, that will be better for us.

What do you mean not good? Is it because it’s not yet widely accepted? Most of the time, you could probably find a way to convert your bitcoin into USD so that you could pay your bills.

If you are talking about passive income is you should do it on your own because it’s not going to be handed out for free, and generating that would mean having a business, trading crypto, stock dividends, etc. I think what you are talking about is another stream of income.

No dude, I think you misunderstood what I said. What I mean is he can lend his money and earn small interests from its payment after the due date. I'm not saying that he will borrow to others.

Then what OP can do now because even a simple hodling is not advisable to do? Remember, risks with regards to money investing are inevitable. The least we can do is to minimize it as much as we could. Since Hodling has a lesser risks then why don't he try it, right? Besides, it is not as complicated as other means of earning :).

I do not agree with your opinion that BTC is not good for paying our bills, because of the profit I get from Bitcoin trading,
I can use it to pay my bills. Even though my country forbids using Bitcoin as payment,but I can convert my Bitcoin to fiat first,
so I can pay my bills. Then it's not a good idea to expect passive income from the government, this will make us lazy to work.
Use our own money if we want to generate passive income, don't expect it from the government.

Well, as an option, you can deposit your Bitcoin to an interest account and earn ~6% annually to pay your bills.

It is possible to pay the bill with btc but for this you have to convert bitcoin into fiat currency. This is because the central bank has issued a warning in online virtual currency transactions fiat currency will not be a problem and the bank will support it but in case of passive income it will depend on your own knowledge and skills. There are so many types it's hard to say bitcoin investment is better.

If money is available for free then there will be no value for it,we can demand basic needs for free of cost from government but still it is going to use our tax money for all those services.Bitcoin is nit for passive income it is still same as the fiat money so we need to work hard to earn it.

Or you can also lend your bitcoin in the exchanges, and you can get the interest in monthly. That is what you can do to earn passive income, and lending will be the other way you can do to make money.
I am sure that we can find our way related to make more money or make a passive income, but that will depend on how you can find that way.

This is the mindset of others for btc lack of usage. There’s other way that we can pay bills using bitcoin that we can exchange it into fiat currency in your country. Let's not also depends on the government in terms of passive income it is indeed depends on how we create and earn money. Also bitcoin is very useful these days you just have to understand it's benefits to the users.

Feel free to state why do you say it's not good ton pay our bills using btc? If its about volatility, we can cope up with that. Im actually paying my utility bills using bitcoin.

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we need new way of passive income goverments should start giving out universal income :) there is need for passive income
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But government can't actually provide that to all netizens. They can help, yes but giving out passive income will just making the situation worst. What i mean is that people will just rely on government's free money and will be lazy to stand on their own by looking for a stable job that will give passive income.

I think the idea of what you're saying is that Bitcoin is not enough to be a source of income, which depends exactly.

A lot of people already told me that investing in Bitcoin won't solve any of the shortcomings of my source of income since usually we just hold Bitcoin. We don't actually invest in Bitcoin so it can be our daily source of income, we invest in it because we are hoping that we could get enough profit in the near future which means that we can't actually base on Bitcoin especially if you don't have that much to start with.

I think bitcoin can pay our bills.
Some countries in the world has made Bitcoin popular to their citizens,to grow their businesses and to pay all kinds of bills they need to pay.
Bitcoin is a volatile, it can change at anytime, any day it depends the way you carry out your research to no when to buy and when to sell your coins,to make a great profit to pay your bill and other items without government income .

Obviously we can't fully depend on bitcoin. With this volatile crypto currency, what we can just do is make predictions on what may happen in the few days, weeks, months, and years. My cousin does some daily trading but he stopped after the price fell since most of the crypto currencies in his portfolio was affected. IMO, if you have a lot of money in bitcoin, a simple movement could give you good profit that you might use to pay some bills.

If you want to generate passive income from bitcoin you have to do the hard work, don't just stand by and take part in a giveaway expecting free money to just drop.

Don't be a person who always depends on free things, capital is needed. you can trade or the like for profit. you have a lot to learn.

the government will not sustain your life. use your savings to create an opportunity that will generate passive income, don't just complain, try and keep working hard it is very necessary.

With the help of daily cryptocurrency trading, you can really get a very good income and the funds received will be enough not only to pay bills, but also for a fairly good life. But it seems to me that many cryptocurrency users, like me, cannot afford to risk their cryptocurrency funds, since we do not have enough experience to trade in order to get a good income. But if there was an opportunity to use a certain resource or company that will have a good rating and authority to make investments in cryptocurrency, but at the same time receive monthly passive income, such as a bank deposit account. This would be the best option.

What do you expect from bitcoin?

That is the first thing that you should be aware, bitcoin can't do anything. It is just a money or an asset, do you think gold can help you to pay your bills? I don't think so.

Passive income will be earned by hardwork, there is no instan way mate to get anything as you hope. Just find a place that will give you a passive income but also you need a hard work.

Don't just rely on the government ,do your own in order to gain and live. Bitcoin is an investment that really helps to everyone including me. Maybe you don't really know bitcoin, it's uses and features and you don't have bitcoin. If you want to become easy go lucky kind of person then let your money works for you.

You're wrong! Bitcoin is one of my source to pay my bills specially this time of pandemic that i don't have other works. Try to invest in bitcoin and you will see the result if you have enough knowledge about it. Don't underestimate what bitcoin can do for you. Be diligent and don't rely on free money or even in the government. You can do something to earn ,it is called Hard Work.

It's true that we can't rely everything on Bitcoin. Honestly, things will still depend on how we handle our funds and how we live our lives. Bitcoin alone can't pay bills. If we'll use our investments to pay our necessities, I don't think we could still gain a good profit in the future. It's still important that we'll have a permanent source of income to sustain our primary needs. Yes, we're in the midst of the pandemic and it's hard to find a living but we should have the courage and urge to do something just to sustain our finances. Life is a matter of survival and if we'll rely our needs on Bitcoin or even with the government, I don't think we'll have a sustainable living.

Also don't forget that many other asset classes don't pay a passive income. If you invest in commodities, ETFs, or real estate fund there is normally no passive income. All gains from the funds are usually reinvested in the fund are shown through the price. All winnings are coming from price appreciation and will be realised when selling the funds. Building a stock portfolio around dividend stocks will also not be enough return to actually live from it. Dividends are only paid once a year and the return is just not high enough.

Yes. Bitcoin may sustain some of our needs but not really all of them since bitcoin is not accepted in some merchants. Even the government cannot give us everything we need for a living so we should learn to work on our own and stand on our own feet for our survival. There is no free money in the world and if we want to make an income, we should have more courage to keep on working and find other resources that can sustain our basic necessities.

From the threads that you are started, I can conclude that you are pro-poor, I'm not saying that it is bad to support the poor/ lower middle class but the world works critically for them. What you are saying from this thread is the government should give free money, in which planet does the government gives free money? The government was designed to govern people, regulate and watch us. What you are basically thinking is a tooth fairy.

Communal food programs are a way of life in cuba.


https://sustainablefoodtrust.org/articles/viva-la-produccion-urban-farming-in-cuba/

Sustainable farming can involve practices like crop rotation and reduced reliance on petroleum derived pesticides and fertilizers. The overall best method IMO is people growing their own. The experience and learning base that can be gained through the process of growing things. It can be a valuable necessity towards developing sustainable farming and good practices.

One might argue governance is merely a mirror reflection of the public it represents. If people desire professional and knowledgeable governance, they must be professional and knowledgeable themselves. Standards are raised across the board. Or they don't elevate much if at all.

Maybe it isn't good but in my case, I pay my bills using Bitcoin (not direct but I convert my Bitcoins to our own currency to pay bills).

I completely disagree with this and I don't think that the government will think of a stupid thing like this.

Universal income?? Work with your own in this cruel world bruh. Don't expect for something like this to happen. Free money for all? That is pure stupidity. If you want a "REAL" passive income, invest your money in different assets and don't hope that "FREE MONEY" from the government will happen :D.

That was a fasicnating read. I suspected the inability of urban agriculture to go much beyond vegetables and fruits and it did come up later in the article. If you read about the failure of such programs in USSR, it was about the farmlands being taken over by communes instead of individual farmers tilling their own land. Even in cuba's edample,the farmers have significant control over deciding how they allocate their produce.
A reason i feel that the approach of growing our own food can't work is because farming is not something that everyone can do. Its a whole sector in itself. While growing our own food might seem the best way  to ensure food quality, when it comes to feeding the masses using limited arable land and irrigation, intensive agriculture on privately or co-operatively owned and managed farms is the only method that has ever been successful.

I see. It seems like you are being reliant into anything that would make your life easy. But that was impossible. Seriously, no one is ever being dependent barely just on what they have got from Bitcoin because some or maybe most of us do have stable jobs to support our basic necessities and daily life expenses. Well, there are truly members capable to pay their bills using the earnings they have from working on Bitcoin but those are large wage earners so basically still anyone can pay their bills using Bitcoin directly or converting it into their national currency.

Also, it is impossible to just be dependent on what government would be giving you for you are a person yourself that is capable on working and providing your own necessities. Giving out universal income won't be fair for we must be working to provide our own and when you supposedly getting the fund to make such thing happen? Seriously, if you want to live your life with prosperity, start working and drop down your complains for it will not give you any sort of money to spend for your bills and other necessities.

I see cryptocurrency as an investment and this is not something you’re going to be fully relying on, the market can move to any direction, when you’re investing in cryptocurrency you should understand that you’re taking risks of either losing or winning.

So, it’s good to have another means to support yourself, something that would be your real job. I have a friend of mine that works in the same office with me, he was investing in Bitcoin, and despite he was able to make lots of money from it than he will ever get from the office work, that didn’t make him quit his job, he still works in the same office and considers Bitcoin as a side thing. What if he quits his office work like some would do, and then such an opportunity doesn’t come in Bitcoin again?

You are asking for a free money which is too impossible to get from the government if you’re not part of the poorest of the poor. Bitcoin can help many people especially those who work hard to achieve their dreams and goals. If you are just stay dependent with your government, you won’t succeed in life better to start working now.

These are kind of people who doesnt like to go into hardship to reach out their goals but rather they do prefer on relying into something just for them to benefit out.

Who the hell would think that government would have the responsibility on making your life better? As you said unless if you are the poorest of the poor then there might be local programs on where
government would give out but those are just exemptions.

BTC is never considered to be a passive income yet we know on whats the actual usage or motive on why its being created which is for payment system.Making profits or money is just a side part of that.
People do have this common wrong perception towards BTC which they should somehow realize on what the real deal here.

governments arent the one that give you that but you should be the one that hunt for that . sure there are job expo that government provide but that was not conducted everyday and that is only done seasonal but most of the jobs are not built to earn passive income but its mainly full time . you can earn profit thru btc and you arent forced to use that btc of yours either to pay for the bills if you dont like its volatility . you can use you btc income to build a business that can provide you a stable income

Usually, projects offering passive income is actually not true. Remember those masternode coins offering passive income, most of them disappear before you even get your initial investments. I don't know any job offering passive income but I don't know exactly why the OP is saying btc can't pay our bills. Of course it can, if you have your btc convert it to your fiat and pay your bills. If he is talking about earning btc, of course, it is really hard to earn btc without giving any effort.

Any crypto passive income is 99% likely to be a scam.  Passive income in general is the birthplace of many scams, as people want to believe that they can get paid for doing nothing, and this desire overrides whatever common sense they have.  The hype around bitcoin magnifies this and it seems to be much worse.  Short version of the rule:  don't believe any crypto passive income program.  The only people it's going to produce income for is those who run it, because they're going to take your coins.

If we expect passive income from the government is wrong, and the government also does not give assistance to everyone carelessly.
There are certain criteria for being able to get financial assistance from the government. We cannot call the money assistance provided
by the government as passive income, because it is temporary. If we really want to have passive income we have to buy assets, and it
gets from hard work, not expecting from the government. Then regarding BTC, If we can use BTC as a source of income, of course we
can pay our bills with BTC.

Well unfortunately people who are desperate to earn fall for this kind of things because they just simply want to earn money and scammers take advantage of that. You are the one who need to earn the job, you're not receiving it and government already have giving jobs to people but its for a certain people who don't have lots of opportunities and chances right after they were born because of poverty, but for someone who know about bitcoin and cryptocurrency you have an opportunity in this field for you knew about this, you can trade, do campaigns and so much more and then pay your bills uaing the btc that you earn by exchanging it to fiat and then paying your bills.

huh... why do you rely on the government to cover your needs? Isn't it our own duty to bear our own needs, in essence you will not get passive income from the government if you don't work in the government department. We should have known when entering the crypto industry that it would be difficult to survive if we didn't have the right skills for the industry. I think the bills problem is the solution is you have to work harder and smarter to make money, I thinks passive income doesn't come to lazy people.

Many people look at working in crypto as passive income you are right that wherever we make money success is not possible without hard work. Crypto is much better as a passive eye income it is not under the control of the government. The government does not bear any responsibility for this the right solution is possible if you use your talents to pay the bills. In case of payment with cryptocurrency you can convert it into US dollars.

don't be quick to conclude like this, if you know very well that bitcoin can help you in this difficult economic situation, it depends on you how to get this coin, if you work hard there will be results

Work hard does not always end in success and wealth. It all depends on how we swap our time. If we are prosperous and have a little time, we can say that our hard work will be successful. But if we are poor and have a little time, we could be misappropriating our time. A simple analogy, as employees or part of a group, we position ourselves as assets or liabilities. If we are considered an asset it means that we generate positive input for the group and our productivity is high, as well as a burden. Bitcoin can make someone prosperous and have a lot of free time.

Practice make perfect, we can learn to get passive income from those around us, by not changing our assets into liabilities. For example, we have a car, we have to think about how our assets can be productive so that to pay vehicle taxes and car-related expenses is generated from car empowerment, for example by condensing it or making it a running advertising medium.

for small bills such as electricity, water, and credit Bitcoin can cover it...
but for my house rent, kitchen needs, and school fees for me Bitcoin can't cover it, This is why income outside of Bitcoin is important, and currently, I help my husband to meet our daily needs by selling masks online, the profit we get is enough to cover the heavy costs we incur every month, I am grateful for that.

Bitcoin don't pay our bills ? You mean because you can't earn enough money with bitcoin at this time ? Or the bitcoin can't be used to pay our bills?
Bitcoin is not yet accepted by most of the people even some Governments so yes bitcoin itself can't be use to pay our bills.
Regarding profit we are earning in crypto today, I say that it is not as big as before. As a signature campaign participant, it is harder for me now to find legit and good campaign unlike before. But at least I can earn money I can use to buy load for continuous surfing in internet crypto thing or not.
Passive income? Well during this time online seller of plants, cloths, beauty products are everywhere. They are using social medias to offer their products.
For me it still matters even how big or small I may earn in crypto.

I would vote for universal income 100% there were research and experiments with this economy approach and it showed itself as extremely efficient and positive overall.
Anyway, thats hardly related to bitcoin - it proved itself as digital gold which is not applicable to real life circumstances, but is useful to store funds.
The only reliable source of passive income that I personally know is dividends, but you have to invest a ton to get a living off of it.

Each time that I have heard about these claims like "government should give an universal income" I starting to scratch my head. If everyone is gettin money just for making "nothing" how the world can continue to survive? what it could be the sense of the whole existence if everybody is eligible to live making nothing? Moreover at this point what it could be the right payment for hard worker in a situation like this?

I am seeing in some countries (like EU) there are some project that go straight in this direction just to help weak population.
Ok some people take an illegal advantage but I don't think that distribute free money to every body it can be a real advantage for humanity.

nah bitcoin is not a passive income, I guess you are a trader but bitcoin won't pay your bills. It is very uncertain and risky in the most part, coz if it will do the job of paying then we all should be jumping into bitcoin.

There's no way you could make a lot with bitcoin, good for you coz you don't rely in bitcoin for paying your bills at home. It would be better if you got a job, a decent job where you can cover all your living expenses. Trading bitcoin, even with leverage does not secure anything from your bill responsiblity.

This doesn't make a sense...

I don't think it is good for the government to distribute money to people. That will only lead to subjectivity for many households and people who just want to live in safety, in addition they will not want to develop any more. Therefore, this plan is completely not feasible, it will gradually lose people's enthusiasm to get rich.

Don't invest in bitcoin with the hope of getting profits every month. Yes, it is not a good idea to be depended on bitcoin to get "free money" every month.
For passive earnings, try investing in business. There is risks associated, but the risks are lower than investing in crypto currencies (unless you are thinking of make long term investment).
As for UBI, though the concept isn't new, there are lots of problems behind the scheme. People would stop working, which means less tax revenue due to lower economic output as a result of lower labor work force. Less tax revenue makes it impossible for the government to cover the entire population. But as far as I know there are some countries that are trying UBI with few people.

As my income is based on Bitcoin I can confess that they serve to pay my bills I can even help pay some of my grandmother's bills. Would I need the government to give me the universal basic income? Yes, because I receive lower income. Adjusting my income I could save more in Bitcoin and invest to improve my quality of life and help others if it is within my reach.

Of course it's not a good thing to expect passive income from the government, it will make us look like beggars. If you want to get passive
income, it's better with the assets we own. If you don't have assets, we have to work hard to get it. Don't be lazy, because people who
always work hard will definitely get good things. Then don't get wrong about Bitcoin, because Bitcoin is only digital money that depends on
the user. So Bitcoin cannot pay our bills by itself, we must be able to make Bitcoin valuable and it can increase in price if it is sold. So Bitcoin
can make money for us, if that happens the Bitcoin we have can pay our bills.

Then for what do you wanted Bitcoin to be used?

- Bitcoin is best for paying bills and other transaction Online.

- Bitcoin is Best for Holding as Investment.

- Bitcoin is Best as asset that will be available online for us to survive.

If you think that Bitcoin does not serves you better?then never Buy or believe on this but us?no one can stop us from using this as everything as possible .

If you have million dollar portfolio then it is possible to make enough funds for monthly bills just from one or two trades at the swing market but it is not possible for omeone who have 100 or 1000 dollar as capital and keep doing trades all the day a month won't be enough to pay your bills.

You need money to make more money!

This is probably the worst idea I've seen on this forum in a while. Why you should be payed from someone? For what? I am totally against all and any social parasites. I am against idea that my taxes will be used to give someone free money. I'm damned against even having my taxes go to non-refundable loans to other countries "just because".
I believe that if a person can't earn a living it is solely their problem and they should be ostracized and socially disapproved of as much as possible.
There are so many different ways to make money in the world - that's why I just hate it if someone starts such conversations about. universal income is what will kill any state remember this.

You shouldn’t rely on Bitcoin, it’s a no – no for me, you shouldn’t be relying on anything ‘investment’.

These are meant to be your side means of income, even if you you’re lucky and the price goes and you make millions, you still shouldn’t feel relaxed and hope that it’s going to be the best option to rely on.

What if the price goes down and stay that way for a very long time? ??? What are you going to do about it, keep relying on the profit you made in the past? For how long? So man this is not something you should fully rely on, get another job Too.

Break your investment not only focus on one asset but also to many other assets in order to minimize the risk of loss. If the price of bitcoin falls, by investing in other assets it will cover losses from the decline in bitcoin prices. Be a smart investor so that your portfolio can be a promising passive income

I agree, people see that the government has a lot of money at this disposal but that is not money that appeared out of nowhere it came from our taxes, loans or by being printed by the government and while the last option may make it seem as if money can appear out of nowhere this is not exactly true as that money causes inflation and it is just like a hidden tax on your whole wealth.

And despite the huge money the governments have at their disposal it is not infinite and it is known that the wants of people are infinite, people do not seem to realize that things they take for granted were not available for kings just a century ago and they are living in an era full of abundance that has reached even those that are poor, so those asking for free money from the government do not realize that while this can be done for the short term it is impossible to maintain this for the long term and any attempt to do so will lead the government to become bankrupt.

Bitcoin should not be relied on by anyone as the only profitable investment asset. There are many more investment asset that investor can trust if they are looking for a profit. However, until now the number of enthusiast for bitcoin continues to grow and that will make bitcoin even stronger. Development is still badly needed and in fact bitcoin continues to benefit everyone here in the recommended way. The profit I mean is not only focused on the amount of profit you get but other benefit that we get from the existence of bitcoin. Convenience and transparency are some of the advantage we have with bitcoin.

The OP posted doesn't make any sense, nobody care if you will not spend your bitcoin in paying bills. Who cares, but the fact that bitcoin was created and design to pay bills online as a digital currency. But in time to time bitcoin enthusiast saw the potential of holding bitcoin, that's why they are preferred not to spend and hold only in bitcoin.

Passive income? You will not earn with the passive income if you will not do something. If you want to risk your saving, it's up to you.

If you want an investment to keep paying your bills you're up for a big surprise.

There's no free money in this world! Those of you who think they will invest nad keep making money will get eaten whole by the market.

BTC is as good as any of your passive income shitcoins. They just promise you more but never deliver.

Passive income for all is an illusion. Sometimes Youtube videos are suggested to me in which it is suggested that passive income is possible for everyone and everyone can live a carefree life. This is absolute nonsense and only works for a few. As soon as everyone does it, it doesn't work anymore. Bitcoin is a means of payment and investment and cannot earn any passive income. It makes no sense for me to associate this.

Although I don't quite understand the title of this thread a bit since it's kind of confusing. I think OP is thinking about of making a REAL business that would give him a passive income but in reality those things rarely granted to the hard working person. Bitcoin is enough already by giving us a chance to make an investment and all you need is to work that way up from the ground.

I'm not into it. You're idea is selfish. Any government can't provide passive income to all of it's citizens. Jus giving away free money? LOL, that will never happen so leave it and get a job rather than wishing for passivie income to arrive without doing anything.

Your country's economy will die if that will ever happen.

I think those who are always saying that they want to quit their jobs and become full-time investors or traders are overlooking the huge number of people who come out as failure from investing, and they are only looking at those that are being successful in it, forgetting that it’s never the same for the majority.

When people ask me this question on whether they should quit their jobs and become full-time cryptocurrency traders, I tell them not to do it, would be better if they continue their jobs and also be investing and trading cryptocurrency when they have the time, that way they won’t be having sleepless nights when the market crashes.

Correct me if I'm wrong, but if you concluded this because you invested all of your money in Bitcoin thinking that it will climb up every single day and now you're disappointed because it doesn't so you're torn between holding and cashing it out to pay your bills but your profits in the long run will be gone, then that doesn't make any sense to say that Bitcoin doesn't pay our bills.

Because the truth is, it can. It's just you who can't pay the bills because you're hesitating to cash out your Bitcoin into fiat in the whole 2 years of bearish market.

I don't know what is the connection between pay bill and passive income. Actually your question isn't clear enough. Bitcoin isn't available in every country till now. But in future, we can expect bill pay services.

Very unclear indeed.  The connection between pay bill and passive income here may mean that bitcoin cannot provide profit to pay bills and he expects the government to provide passive income to pay bills. He's not talking about available or not i think.

Maybe passive income cannot be given to all citizens, but in some countries, one of which I know is Saudi Arabia, provides benefits for unemployment for a long period of time. For rich countries providing direct cash assistance is not a difficult thing because ensuring the people's welfare is already the government's task. It is not easy, especially for a country with a large population and different economic conditions. However, this is also not impossible.

Agree. To get money and passive income, we must have a center of activity or a profession that we are engaged in, as traders, as vloggers, as analysts, as artists, and etc. When we don't do anything, you are called jobless or don't have a profession.

If you know how to earn bitcoin then surely you can pay your bills. Don't ask from the government ,you need to work hard by your own , don't rely on a free money from the government. You can earn a lot and have a passive income if you are not lazy instead find a job or invest in bitcoin if you have capital. If you are lazy, then let your money works for you to earn profit.

Using Bitcoin to pay your bills is really not an ideal option if you were a small time earner and you are not getting any gain or earning from Bitcoin on a continuous basis which means you must not really be dependent on Bitcoin to sustain all your needs if you know that fact. Maybe on your situation, you cannot pay your bills from the earnings you are getting from Bitcoin but there are many members in here that can do pay for they are seeking opportunities with Bitcoin to earn a large amount which can be enough or too much to pay their bills and buy stuffs they need. If you know that your income coming from working with Bitcoin cannot sustain your needs, better seek an alternative or primary job that can give you what you need and do not always be reliant on what the government can give to you. Giving a universal passive income is not a good and fair option for people are all capable of working so you do must work on your own to sustain all your needs and do not depend that others will do it for you.

What is universal income, Op?
Do you want everything for free? I expect all the basic things, in which the most important one is food, to become highly affordable but not free because we should have its worth. Paying your bills with BTC has nothing to do with universal income because BTC is not an income generation machine or resource that you can use for your own good, it is a way to circulate our money without any intervention of these governments and when you used 'government' in your sentence, you should not have compared BTC to income. BTC is a tradable asset and incomes can't be called tradable as they are fixed in numbers, but BTC's gains and losses makes it different from income.

Well, it is indeed. I don't know also what OP really meant, but one thing that for sure won't happen. The government will not give passive income, if OP meant that bitcoin is not a form of the payment system, --that is a wrong perspective, bitcoin is most likely use to have the transaction for those people are concerned they privacy, bitcoin will really suit they need. Passive income will come if you will hard work and be a wise businessman, there should be a passive income. However, perhaps OP thinks that bitcoin can't give passive income, well, that's wrong. If you have skills in trading, there would be a passive income even every day, but it is quite risky.

Would never vote for that. People are responsible for themselves.

Yeah right, trading can be a solution if the OP expects passive income from bitcoin.  Trading can provide big profits, but don't forget the high risk high return. Don't be lazy man, who expect government will give you free money. There is no free lunch man, you should remind that.

You have to wake yourself up from the big thought you have in dream land. Government can provide good environment for you to go do business and earn additional money but not feeding you directly. Government can support when their is big economic issues like the problem of covid-19 but after that, you are set alone.

If government permit to use bitcoin as a legit way then we will able to pay through bitcoin very soon. If we think current situation, Bitrefill and others platform like bitrefill are providing this facilities. On the other hand, you can exchange or sell your bitcoin to your local fiat currency. Then pay your bills, it is simple.

He is mention of taxes for which we need to pay for the trading of cryptocurrencies. We are getting profit from the cryptocurrencies trading,it's fair enough to pay of bills.If the bitcoin became a legal currencies ,we can also pay our bill with the bitcoin.

   I understand that OP wants free money from the government. Money that he can use for paying bills and taxes, and the money
he earns will stay in his pocket! There's no connection between paying bills and passive incomes, except when you use the money
you got and you use that money for paying bills.
   Bitcoin is not legal in all countries, but I think now you can sell Bitcoin for any fiat-currency you want and you can use that fiat-
currency for paying bills. It's the same thing, just a bit more complicated.

Some people really think that someone should think for them how they will live and how they will pay their bills. This position is unacceptable to me. I'm sure that everyone should provide for themselves, get food, give birth to children for themselves, and not with the thought that the state should help. To do this, we wake up every day and take up work, no one will do it for us and is not obliged to do it. Let's become more responsible and hardworking and stop relying on someone.
And by the way, with the help of Bitcoin, I have been paying not only bills, but also my other needs for several years.

Noone will ever pay your bills and freebies make people lazy. A lot of people dream about billion and jobless life but no one does things that being a billionaire requires. It's easy to dream, we are free in fantazies.

Freebies must be done/offered in situations that needs significant and quick fix, for example, air pollution by transport, less fees on GYMs for healthy society, absolutely free education for very talanted persons, fund startups, innovative ideas and etc.

And I still don't understand what bitcoin has to do there, it can't feed you itself, nor will it ever pay your bills.

This is the worst idea one can even imagine of. You mean to say that as a person doesn not wants to earn money government should take the charge of distributing freebies to every citizen so that it makes them much more lathargic. Do you know where does this money which you are going to get as a freebie comes from? It comes by making the existing money less valuable. So this free money which everyone would get is not going to be useful for anyone as much of it would be eaten by inflation only. If you need passive income go make a good investment and then earn profits out of that investment.

If every person is given free money, then what is the point of getting a job and paying for services, sure barter will work but not to the point where you trade 1 tonne of rice to a crate of guns. People should also do some work, they should not rely too much on the government, they can help but to a certain extent. I am pretty sure that not paying your bills is not the fault of bitcoin, you are responsible for paying your bills.

Well, Bitcoin is already good enough to pay the bills of some users within the forum and as a newbie that just throws out opinions, I guess you need to take more time studying of what can Bitcoin contribute to our financial need. Looking for a job can generate a passive income and some people have the job to keep this forum running and they earn their money properly and use it to buy their necessities.

If you have a good income with the use of cryptocurrency why not there is a chance you can pay your bills. Not all the time we have an additional earning with the help of cryptocurrency some of the people become dependent on this coin but not all the time the profit is in your hand. Well, we have different kinds of skills how can we make our own money.  But base on my experience and opinion.

Use bitcoin if you have extra funds.
Still make savings in real money.

We didn't know what happens next to your life. Always have savings.

First of all if everyone is having money in their hand then it will have no value so they need to pay more money to buy same things that we are buying it for few dollars.Government is responsible for giving basic needs for their citizen but we can't expect them to bring financial equality all over the country.

Income, of course, must be accompanied by a job done and with that work, you will have income which of course can be used to pay off all the bills you have. Bitcoin can be used for many purposes, and I think still everything has to be done with an effort so that you can get Bitcoin and passive income or not it is a choice of every different individual.

OP seems doesn't want to work and he want to get his need by free since he ask about universal income which ia mog possible to provide by the government, and I wonder how the economy work if this really happen and it will drive other people to became lazy and just wait for the government assistance.

And bitcoin is really paying the bills of other users here but it take a lot of years for the users to achieve that since we really need to familiarize on how to earn with bitcoins since there are so many things we need to learn from this. If OP doesn't want to work with it I think its not the fault of government or with bitcoins since for sure his laziness will make him struggle on his daily living.

And that is the thing, passive income is a dream that everyone that has ever worked probably had at least once but very few get to actually enjoy passive money, even if you set a business and you do not work there you still need to watch it from time to time and solve any crisis that emerge, you need to watch your employees and that they remain productive otherwise they will stop being as productive as before simply because it is more comfortable, you need to deal with banks and loans, economic crises, difficult customers and the lists goes on and on.

When you being to think about it getting passive income is almost impossible and we will always need to dedicate an important part of our lives to keep working whether we like or not.

Bitcoin cannot generate passive profits if it just stands still, because BTC has already reached ATH, so the possibility to invest in BTC is also less potential. hoping to get passive income to the government is okay, but we also need to show that we deserve it.

Why need Bitcoin pay our bills?it is our obligation to pay it and not Bitcoin  ;D

Stupidity,Government needs to provide us income?

what you are saying is that Government needs to Feed you?unless you are disable then i will agree on this.
Not me,i don't know how many stupid people like you here to vote for YES.

I think it is difficult for the government to expect passive income it is completely under the control of the government and from here the government receives tax subsidies. But in the case of crypto it is much easier not everyone is under the control of the government. We can use crypto as money there will be no hassle in investing and you will be able to get the whole thing.

Our thoughts may differ, though we are all working here in Blockchain Industry. Pardon me, but I disagree with this statement because as far as I know Bitcoin is an accessible and easiest payment method in digital world. So, it could really help us pay our bills online, but only to those selected merchants/stores who accepted it and in a certain country that legalized its usage and adoption. On the other hand, if you are talking about your actual utility bills, you can't rely on it fully. As for the Government assistance, they will provide but its not reliable at all. The best thing to do is find an alternative ways to earn and not relying on something nor someone else.

If on dips also people buy bitcoin and hold it then during the rise if they happen to sell some as well they make money and this helps them to pay their bills. Though for normal person it may take some time because the qty would be minimal so the profit would also be limited. But just see if people had bought at 10k and price reaches to 12k and sold it so they make quick gains.

It's better to give away clothes, foods, and other life stuff which are important to living instead of automated revenue.
Nobody nowhere we going to utilize that cash I do accept numerous people will purchase tranquilizes and go through the cash wrongfully.

basically crypto cannot be categorized to get a steady income.
because the value is very volatile.So, for example, if you staked and received a token prize within an uncertain amount of time, you could lose because the value of the asset you are staking is unstable.

if you are just a bounty hunter who doesn't find a persistent campaign that pays you Bitcoin stably like Chipmixer and Bestchange then Bitcoin won't be able to pay your bills.

we need another income or regular job in another place to be able to make ends meet and pay bills every month, don't hope you can meet your needs if you can't generate a large amount stably from Bitcoin.

People are getting more entitled by the day and it is because they simply do not understand how the economy works, governments for the most part do not generate income, what they do is to collect taxes from the people that do and then they use that money to provide necessary services like the police and the firefighter department, to help the places where natural disasters have occurred or to help those that live in extreme poverty.

But now people want to treat the government as a bank with unlimited funds that will never ask to get that money back and some governments are too happy to oblige by giving too much free stuff to their citizens, but this is simply impossible to maintain long term and when this ends and now they have to pay for their previous excesses then people complain about it when they were the main culprits of this happening on the first place.

It is difficult to rely on the government for all our needs or even our bills, because the government can't support all our needs because they are focusing on a lot of things like hospitalization for those who are affected by covid 19. The government cannot spend all the budget for this year alone, as there is no certainty when the pandemic will end. And as far as I know bitcoin is one of the best way to pay our bills, on selected paying sites.

But that also means that you have the chance of also earning from that instability, we are not always at the losing side, right? If we can be just patient and know when is the right time, we can create good incomes for ourselves. Though I am not saying that we can have a passive income with our crypto investments since it is not always going up.

It's very hard to know by reading this thread what you actually want to discuss about. This is not clear to me and you are not matured in this forum that I can say by seeing your profile. Please try to discuss about something relevant with subject.

If you mean to pay your utility or other bills by government then it will not be happened anymore.

It would be difficult to rely on the government if it has no plan and has bad governance. Some people actually relies on the government a lot but they cannot equally distribute their services if there is bad communication within the chain of command. It would actually be better to just rely on the government for certain periods of time and not fully relying on them. We need to look for ways on how we can monetize our time like studying Cryptocurrencies and creating ways to get money from that.

The government should be able to provide with food and daily needs to their people for at least an year during these times, at least to the lower middle class. I have been always wondering why certain countries have tough times providing food to their people because I am quite sure there is a part of taxes that is saved for times like this and if you are not going to help people during such times then you have no right to take taxes from them and the government should be changes asap

As far as passive income goes, one cannot completely rely on govt. rather work remotely and earn some or if you are into crypto then trading is the best option as long as you have experience though.

I can't get the perfect point of OP, but from what I understood it is all about the universal money distribution. This is possible only if there exists a single currency system all around the world. For that countries won't accept and adopt it. Governments get our money in the form of taxes and it needs to be used for the development of the people/country. In most of the country this isn't followed. The governing leaders enjoy the sophistication.

In order to have a single monetary system throughout the world, there must be a single state, or at least a strong union of states, so that everyone does not seek benefits only for their own economy, harming their neighbors. I think this is a utopia.

i dont understand you clearly  . do you have two questions ? because the two sentence are i feel not connected to each other . for the first one , btc is actually really good for paying bills  . im talking about standard bills , the one that are payed monthly and the one that are payed traditionally or on thier offices and buildings . this cuts the the travel and the waiting time when your on the line . this also saves fee compare to when your bill is being payed daily or weekly because i knew there are now paying schemes like that.  for the second one , passive income is better so why dont you like it and why you will replace it.

That should be the best case scenario but we know things never work like that, most governments around the world are too indebted for their own good and they do not really have a way to get out of that debt, this is one of the reasons why most governments have been very underwhelming during this pandemic and people had to rely on themselves to protect their families, but this also has a good side, people are realizing they cannot trust the government to be there when there is a crisis and they will learn to be more self reliant.

And while this may not seem to have any relationship with bitcoin, it does, as people will begin to question everything and one of those things will be the necessity of having the monetary supply controlled by the governments.

The government cal allocate the funds so that the people who lost their jobs can be compensated until the pandemic is over, bitcoin is a tool to pay the bills just like the Euro or Dollar and if you have those as an asset why would anyone wait for the government to compensate. For all the newbies bitcoin is not a magic money that can reproduce itself, you need to have a job or an income and it is always a passive income if you are skilled enough to invest or earn it.

Volatility of price is one thing for crypto, but even if it there was no volatility, crypto does not create an income stream itself. Just like owning gold doesn't produce income, owning crypto doesn't produce income. It's an unproductive asset. The only potential return it represents is capital appreciation. There is no cash flow associated with owning it.

Do you think the government can do all this stuff for you? Why should the government pay your bills and makes your life easier?
They have other responsibilities too. Better to do all your things yourself. Bitcoins can not pay our bills but you can not blame the government for it.
They're already against it and looking to ban bitcoin worldwide.

if you live in a developed country like the US, Japan, or Singapore then the Bitcoin you get only from here will not be able to cover all your bills/month.  You need income outside of Bitcoin like being a worker in a company or doing business in the real world.  Do not rely too much on your income on Bitcoin if you are not able to earn stably every month..

I agree with your opinion that the government should provide money for its citizens but every country has a different level of resources, and providing citizens with passive income can only be done by rich countries and not poor countries..

Actually the meaning of a good government is to maintain a balance between both because they must assure their people that no matter how hard the pandemic hits, the government is always there to support their people. All the taxes we pay towards the government are actually to ensure that the government has enough stability to fight off such pandemics. At these times the true litmus test for the government is occupied because when there are good times we never know how stable the government is.

But having bitcoins means you have money, so I mean how do you earn bitcoins? I know there are many sites to spend them but the thing is how you earn them?

If government distributed free money, literally no one would ever work. We human beings are naturally very very lazy and if we got simply free money, we would never work or do anything productive. The world would stop progressing, governments would run out of money to distribute! There will be wars because of population growth!

Op, I don't really understand your first paragraph of  text, if what is here is really your question, so i will go ahead to answer or attend to it.
I disagreed with you that bitcoin is not good to pay our bills with bitcoin, looking at it in ramifications bitcoin is the easiest way to pay funds because is not what everyone has, paying bills with bitcoin it shows that bitcoin is taking over the world which the prayer of bitcoin users

Bitcoin won't pay your bills if you don't have it, that's it. If you will bot work hard, if you don't do anything to earn money then you cannot buy bills. Relying on passive income is not a good idea for me because it won't sustain your daily needs by having a small amount of income and the question here is that, do you think that government will give us universal income? Well in fact we should not blame all the time our governments why we are being hungry and have don't have any job to earn money. It is our fault and we should do things on our own to earn money and not only hoping that the government will be responsible for that.

Yup, we should not blame the government for all things that is happening in our life. We should stand up on our own, make our life worth living and not relying on what others will feed in our mouth. We are suppose to work for ourselves and make money on our own. Passive income can be used as an alternative way of gaining money to sustain your daily needs but it doesn't mean that we can't use bitcoin to pay some of our needs.

First of all want to ask if Government will pay us for everything for free than who will pay the government? Government also need a source to earn money right?

And passive incomes won't come to you by itself. You need to make the source smooth for you that it gives you a passive income. So , please don't ask for free money, learn how to earn money.

That's true, and what OP wanted to happen is impossible,

it looks like he just wanted free money or simply the government will fund him for the rest of his life. There is no such thing as that. Passive income will come due to our hard work, not by simply receiving it from the government.

I think what he meant by that is the profit you are getting by investing in bitcoin is not enough to pay for the OPs bills. It is true though that is why the people that invited me to invest don't told me to depend on it. People should know that it is volatile and it is a risk investing on it, that is why people encourage people to HODL than day trade since it is far more profitable.

well, that is what I mean if you or someone wants to get the results of the assets that he buys / gets, he can try other things such as buying a house and renting it out, opening a business, and others that give value / results every day or depending on you determine it.

You can lend your bitcoins or put them into an interest account. There are several platforms that offer as high as 6% APY. It is not a very high return, but not on the low end either. However you need to take into account the risks associated with keeping your cryptocurrencies with an unregulated entity.

On the other hand you can get a loan in cash against your crypto and leverage that money elsewhere while keeping your stash of sats. Financial engineering gives us a lot of possibilities. We just need to apply them.

4%-6% APY wont really be worth on the risk given.I would rather just hold up my own coins with my own wallet and might able to earn which is more that with that 6% max per year.
You can eventually earn better than that if you do know on making decisions on when to buy or to sell.Going back to the topic on crypto doesnt pay our bills? yes it does but if we do
know how to diversify and make use of those investment then it can really compensate or would really able to do on what you do seek for.Passive income or leverage ones is plausible
but depending on how a certain individual would utilize things up.Not all would succeed though but there are indeed lots of various ways to achieve such.

Crypto is usually more convenient for investment bills do not offer benefit these are completed through bank loans do not accept stratified currency and are not under government control if the government had been in control the fiat currency would have plummeted. So bitcoin will not pay the bills but will give a lot more profit by investing as passive income.

Bitcoin may not pay our bills immediately when we needed it the most but bitcoin for me was a good investment. If ever you're lucky enough to have an extra fiat or extra money that you think you may wanted to invest in it and you're willing to take risk for an investment then it'll be good. We have different enterpretatio. When it comes to bitcoin, this may not be a passive income but if you really know hoe to deal with cryptocurrency you will never get lost at all.

I think is bitcoin is good for paying bills because it can give you a less hassle and it very easy for me so that why I recommend bitcoin. But I think in your country  they didn't accept  bitcoin for paying bills.

I don't know your location but I'm paying my bills from my income in Cryptocurrency and trading Bitcoin, it's not good for the government to give free money or passive income it will just make their citizen rely on dole out  and this passive income, they can give it's people who lost their job or victim of this pandemic but not every citizen who can afford to make an income in this pandemic.

Don't bother government because of your own Laziness .

Find a Job,Make your own income and let government do their job also in progressing your country.

Bitcoin on the other hand also has no responsibilities on you.

we are here to Help community and to invest,and not because we wanted to live forever in dreams like you.

Maybe you are not earning enough Bitcoin to pay for your bills and I don't think government will give you passive income you must work to make a living and do not put everything to the government, the government can only give you free education and subsidy but passive income so you will not work anymore? That's not going to happen.

It is better to work with your ability to pay your bills than waiting for passive income to pay your bills. Sometimes free opportunity fail us in a process just because we relax on that free money to pay our bills. During the lockdown our government promised the citizens a passive income to pay their bills due to what covid-19 has caused to their business and other things which make many people to quit from their job and other work hoping free money is coming to pay bill. And the end of it many find it difficult to pay their bills because the money is too small to pay bills in the society.
those of us who where still investing with bitcoin to make money to pay our bills with our ability to trade our coins in different market to get a good profit out of the investment.
I think bitcoin can pay our bills. If you invest very well with your bitcoin you can pay all your bills. Bitcoin is a decentralized is not control  by government your profit is your profit and your money is well safe.

As far as I know bitcoin and other cryptocurrencies can provide passive income, right? ::)

In my opinion, don't put your hopes up on the government. Better to focus on looking for work and use the money to buy land etc. which can give you passive income.  ;D

That's quite convenient. However, gotta work for it. If you want passive income then find ways. Build business, gain capital, invest etc. But it's not gonna be that straightforward. It may seem simple but those things needed to be attended wisely. It may need to be delved deeper to specific area and establish your foundation. You need to have a lot of knowledge to excel and become a successful one.

well i agree with the share not for passive income.
indeed bitcoin is a good investment for now, but you also have to learn or have knowledge about it, because making a profit in it is not as easy as it looks.

Yeah, there are various ways which allow you to earn money regularly which is being termed as passive income here. I will try and list a few ways of earning in case people are feeling out of ideas.

Investment based income methods

- Lending or staking coins
- Trading (but this is not easy)
- Day trading like buying bitcoins at a cheaper price and selling at a higher price, I don't call this trading because we are buying and selling a single asset just at different values.


Non-Investment Based methods

- Freelancing
- Participating in various bounty programs
- Offering whatever service you are good at here in the services section - https://bitcointalk.org/index.php?board=52.0

There are projects that provide income but will need also a huge amount for investment. Staking coins is a good example of this. There are simple coins like NEO that also provide GAS for its holder which is almost like Staking.  You don't need bitcoin to earn passive income but it is however the best investment you could have.

DEFI has this kind of feature which is why some are trying to send thier ETH to Uniswap to oin the liquidity pools because they earn  through it. Thats passive income too.

You can't put all the weigfht to the government to provide you things, thats not how things work in pandemic times.

There are just lazy person wanting a passive income without working on it. This is not the way the government wanted at least you could have done something to do good for the government in return or to the community. You are just longing for a passive income when you can't get help yourself to get a job at least or start a business. It would be better if you can think or started to get involved and once you will be successful one day you can have pasive income.

Get your ass move first before making delusionals on making passive income.

That's the problem otherwise we all can use bitcoins for all bill payments.

By the way the discussion on this thread is not about bitcoin acceptance rather about the fact that been into crypto as an holder we often miss a passive income source and to pay our bills and daily needs we need a particular passive income source which helps us pay the bills.

I am been into this crypto space for years now and I can proudly say that I earn decent enough to pay almost all of my bills, some might say that I was an early investor but no I wasn't and all I have earned is by working for various ICOs and collecting so many coins for free and while some have been disastrous but a few have given me really good returns. I don't invest much but I pick an ICO and work for them all day and night with all my dedication and they usually pay good.

Can't put it any better than this. As a result of the proliferation of populist regimes which handout welfare like there is no tomorrow, a large section of the population doesn't want to work. They want to sit at home and survive on welfare payments and food stamps. This is not something that can be encouraged. Governments need to understand that socialism is a failed ideology and socialist policies belong to the dust bin.

I disagree with this statement. Bitcoin itself is an easiest payment method that made our lives more easier, so how can you say that it cant pay our bills?

You're quick to judge but passive income is a better form of income and it doesn't mean a person who wants to acieve it is lazy. Many people I know worked hard all their lives to finally achieve passive income in their 50s or 60s. I know a man who owns warehouses and rents out storage space, I also know a guy who owns a hotel. They both had to spend a lot of time and money before the businesses grew enough. Demanding a high and sustainable passive income from something like PoS mining is a bit naive, but using market investments to build a self-sustainable business is a great idea.