Of course I would use bitcoins, even more than I do now.
I could afford much more of those things I already buy with bitcoins.
I'm sure all of us would do that.
My bitcoin savings would be higher as well, I might even run my own little mine, even when it's not really profitable in my country. Just for fun, because I can afford it.

That is the beauty of bitcoin.
Low fee and the possibility to transfer money to anywhere in the world and make payments.
Beats western union by far.  One of the reasons why I am here.
You only have to pay attention that you transfer the coins to the correct wallet, because when your coins are gone, they are gone.
That's another thing I am a fan of: you have the full responsibility over your money. If you make a mistake you have to deal with the consequences.

People here do not know much about it. So they have don't think good or bad about bitcoin.
In fact I have only met one person till now who knew what a blockchain really is.
I try to explain it over and over again, but the attention I earn is relatively low.
Kind of strange, because I am living in an industry country.

In every day life, there is not much I can do with bitcoins.
I can buy them and sell them again on platforms.
And I have bought me some online accounts as well.
But I do not know any store in real life that would accept bitcoin and be in my region.
I hope it will change some day, but until then bitcoin is an investment for me.

The stuff I buy is mostly online stuff. One-click-hoster accounts, vpn, porn... just those kind of things I want nobody to know that I have them. Especially not my wife.
That's the main reason why I got into bitcoin. And I'm sure for a lot of others as well.

The dollar is globally the main fiat, and bitcoin is globally the most important cryptocurrency.
There are way more dollars out there than bitcoins.
So it is just natural that the two primarys of each of their segments are mainly traded against each othere, while the stronger one (dollar) dominates the smaller one.

I must say I have not used openbazaar.
But I think there is one general problem: Bitcoin is a currency that draws much of its strength out of its anonymity.
When you order real goods from openbazar, you must get them somehow, mostly they are sent to you.
So the seller needs your address what is kind of the opposite of anonymity.
Maybe this is one reason why the project is not growing as expected.

I'm not sure what to think of that news.
If a company  holds bitcoins at the end of the year, they have to pay taxes on them.
Do they have to pay taxes at the end of the year if they hold dollars or pounds as well? Somebody knows that?

I think the best way to motivate somebody is personally.
In my opinion every boyfriend or husband who is into bitcoins has the best option to convince his partner from testing bitcoins.
Maybe this way a small chainreaction can be startet.
Would be nice to see more ladies use cryptocurrencies.

Food & shelter, that's what normal people do. But I'm thinking more of the wealthy upper 1%. They have to put their money somewhere if stocks are crashing.
Bitcoin has a market capitalization of about 10 billion dollars. Compared to the fortune that 1% has, it's really not much.
I think it would be possible that some of them could try to save some of their money by putting it into bitcoin.
During the last crisis 2007/2008, that was not possible yet.

I think too that there is nothing to worry about, 5% volatility of bitcoin is normal.
What's interesting is that nearly all major altcoins lost value as well.
Maybe somebody is pulling off his resources from the crypto market.

Real money is for banks. You make an account there, have to show them all your details like name passport and so on.
So there is always a connection between you and the money you spend or receive.
With bitcoin there is no such connection. The money can be traced easily, yes. But nobody know the person who sends or receives the bitcoins.

Maybe it is going to be just the other way round?
Economic crisis will drive people to search for different investment options.
And what do they find.... Bitcoins!
Hard to tell which version will turn out to be realistic. Guess we have to wait and see.

If somebody offers such high rates there is always the question why he needs other peoples money.
And the answer is, that this person is only up to your money. Nothing else.
All those promises are just a trick to get your money. Always.
My advice: do not invest your coins. Keep them or turn them into fiat.

For managing money, I have a list.
I note on it everything I give out. And mark the unnecessary things I bought at the end of the month with a big red marker.
For the future I try not to buy that kind of thing again. Of course that does not always work, because life hast to make some kind of fun, too.
And for the present I sell some of stuff where I think I would not make too much loss.
At the end of the year, I usually have some saving. That I put into a relatively safe investment.

 

Of course, none of us will be here in 2100.
But a speculation of how or if bitcoin will be working at that time would help us understand the way bitcoin works and maybe even help us predict the developements in the nearer future.
I personally expect bitcoin not to be working at that time anymore. Most blocks will be found. New ones would come so slowly that confirmations of transactions would simply take too long.

I think China is bubble. According to goldman sachs they make new depts every year of about 13% of their national output.
Even greece only managed to reach such a level at the top of the global finance crisis. That will not work for ever.
Europe has potential, the question is if they can show a little bit more unity.
At the moment there is nothing else but the dollar to be considered as the most important currency. And bitcoin of course.

I don't think the number of people who use bitcoin really matters. And I do not think that it is possible to count them or even to give a wild guess.
I think the amount of money transferred by a certain time period, maybe a day, is more important to measure the growth of bitcoin.

When you look at the size of the blockchain, it grows about 5% a month. Maybe the number of people who use bitcoin is growing in the same size.

The only way I can see how something like that could happen is if you find a legit fortune teller.
Everything else will not work.
How could it? there are too many variables that can change, even in short term. Nobody can foresee the next hack of an exchange, or some economic crisis.
If it was possible I am sure companies would have invented it.

I think that, compared to fiat, bitoins are a very rare good.
I can not imagine that even when nearly all bitcoins are mined their amount would be sufficient to make all those payments that are made with fiat now.
So no, bitcoins can not replace fiat.