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Author Topic: How many of you are living just with Bitcoin?  (Read 1198 times)
ausbit
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August 14, 2015, 08:23:03 AM
 #21

I can't pay my rent, groceries, gas or car payment with bitcoin, so using bitcoin only to live is not an option for me at all.

We are lucky to have https://www.livingroomofsatoshi.com/ here in Australia so just about everything you mentioned can be paid for using there service.
Anything like gas or food can be covered with a Coinjar swipe card (debit card).

I personally don't get paid in btc but i do transfer a few dollard into btc when i have some spare cash, from there it goes straight onto a paper wallet.
If i ever need to use the btc i have stored on paper wallets then all i got to do is scan the private key, send it to My Coinjar account and transfer to my debit card, this only takes a couple of minutes.
I know it sounds like a lot of fucking around but only need to do it in emergencies and i sleep safer knowing my private keys have never been on the net.
Elwar
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August 14, 2015, 08:35:43 AM
 #22

Getting paid in Bitcoin, I do enough trade in localbitcoins that I have cash reserves as needed and anything extra I send back to the exchange.

There are only a few things I need by bank for and I'm working on finding a fix for that.

We are much further than a few years ago and I am sure in a couple more years it will be even easier.

As far as using credit cards not being the same as living off of bitcoins...is your VISA card a dollar VISA card? No. It is merely a payment processor. The credit card company pays your bill in the currency that the business accepts then takes from your account the currency that you use. It could be euros, dinars, dollars, etc. So using your bitcoins as the funding currency is just another option. Most of our daily transactions use payment processors unless you're using cash.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
randy8777
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August 14, 2015, 09:42:35 AM
 #23

for sending money i only use bitcoin while i used to use paypal and western union. i hope to replace other services as well if there is a good alternative.
|Bitcoin|
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August 14, 2015, 09:47:00 AM
 #24

I forsee this thread will be a vey funny thread in the fuure where everyone is living using bitcoin only. Just like the 10k bitcoin pizza thread
n2004al
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August 14, 2015, 10:07:23 AM
 #25

Very, very interesting your post (if it is true). I haven't heard to many businesses (or to tell the truth I have heard not more than the number of the fingers of one hand) that pay with bitcoin. Your choice is very courageous because the price of bitcoin is not stable and bitcoin is to much volatile. But, as a good bitcoiner, I believe that the price will go high in time so your behavior can be taken as a good investment.

Let's come to me now. I would like to live with bitcoin but it is not possible for me. I have not resources in bitcoin so I live like all the all the other normal people. Using fiat money and hoping that one day have not everyday profits in bitcoin but only a significant amount of those in order to have a good retirement.
erikalui
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August 14, 2015, 10:34:20 AM
 #26

I don't live on bitcoins but I manage to pay off my bills (electricity, internet, grocery and other bills) with bitcoins and pay for other expenses and cope up with the increasing prices. I have a job to earn for a living and bitcoins come as an added advantage to get something by just being active in this forum and doing small tasks which easily can earn BTC.

Kaneki
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August 14, 2015, 10:52:27 AM
 #27

for now I can not live only use bitcoin,I not see available in my place been there in a shop or department store that accepts bitcoin  I had to turn it FIAT to use it in real life but for online shopping do I usually use
eternalgloom
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August 14, 2015, 10:57:27 AM
 #28

I buy around 60% of my food with bitcoin, plus I usually buy everything online with bitcoin.
Switching 100% to Bitcoin would simply be impossible in the area I live.

irfan01
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August 14, 2015, 11:22:43 AM
 #29

not much, from the beginning until now I only collect bitcoin
maokoto
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August 14, 2015, 12:26:56 PM
 #30

Still collecting, although I hope to pay my mortgage with the Bitcoins I earn in some months.

Elwar
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August 14, 2015, 12:36:29 PM
 #31

Very, very interesting your post (if it is true). I haven't heard to many businesses (or to tell the truth I have heard not more than the number of the fingers of one hand) that pay with bitcoin. Your choice is very courageous because the price of bitcoin is not stable and bitcoin is to much volatile. But, as a good bitcoiner, I believe that the price will go high in time so your behavior can be taken as a good investment.

Let's come to me now. I would like to live with bitcoin but it is not possible for me. I have not resources in bitcoin so I live like all the all the other normal people. Using fiat money and hoping that one day have not everyday profits in bitcoin but only a significant amount of those in order to have a good retirement.

Volatility should not be that big of a deal when spending bitcoins.

If you spend bitcoins and the price goes up, how is that any different than spending dollars and the price of bitcoins goes up?

You could have just as easily converted those dollars to bitcoins before the price went up instead of spending them.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
novadragon
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August 14, 2015, 12:45:46 PM
 #32

not much,,,I often buy food using bitcoin Smiley
BillyBobZorton
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August 14, 2015, 01:16:56 PM
 #33

It's impossible, you would still need fiat to pay rent, taxes, bills, car gas.. and that assuming you can directly buy everything else directly without cashing out for fiat. And i have no idea how to get my BTC taxed so I would rather keep it to myself.
Kprawn
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August 14, 2015, 01:46:32 PM
 #34

It's going to be a bitch to go 100% Bitcoin. I do shift a huge portion of my income to Bitcoin, and pay for most online things with Bitcoin, but there are the odd occasion where

I have to use a credit card or cash. One example : Renewal of Anti-virus software {No company offer that... only New purchases}

I also had to pay the doctor for his services a week ago with a credit card.... his secretary just got a blank look on her face, when I asked.. Do you accept Bitcoin.  Sad

We still have a long way to go before we can go 100% Bitcoin.  Roll Eyes 

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Derrike
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August 14, 2015, 01:49:58 PM
 #35

Currently not,because in m country Bitcoin merchants are very less and so the user base is.

But idea is innovative and I'm looking forward to it.
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