Speaking as someone who genuinely *hopes* to earn their income entirely in BTC in the future, I am wondering something - how does one best use them to live off of?
Obviously, it's easy to meet up and exchange BTC for cash each month. But, unfortunately, it's hard to use cash to pay for many things, for example:
- Health insurance
- Rent
- Various loan repayments ( mortgage etc. )
- Other things that I'm probably missing ( buying plane tickets online, etc. )
I suppose the way to deal with this is to liquidate just the minimum BTC each month to cover living expenses that cannot be paid in cash, and then pay income tax on that money.
What about anonymous debit cards that can be re-filled with BTC to pay off things that cash cannot? The problem is that they're not anonymous if you keep using the same card to pay your rent etc, so you might as well liquidate BTC on gox and pay the income tax.
Any other ideas would be greatly appreciated. Thanks.