Yeah?
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June 29, 2015, 11:40:37 AM |
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Why wouldn't we use it? One of my dreams is to be able to spend bitcoin on anything I want and around the world. I think bitcoin will grow slowly over the next 2-5 years but maybe within a decade we will be able to spend bitcoin at most places.
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BitcoinNewbie15
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June 29, 2015, 12:15:25 PM |
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If my wage was entirely converted into Bitcoin, then I would happily use Bitcoin everywhere that accepts it. I would be amazed if I would be able to go to a grocery story or supermarket and pay for everything with Bitcoin. It would even be just as awesome if I could pay for an entire meal at restaurants with Bitcoin. However, I believe that this is a long ways off unfortunately.
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CEG5952
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June 29, 2015, 12:19:05 PM |
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Well I'd buy my basic needs. Simple question needs simple answers. Also I'd buy and sell items via bitcoin. Collect rare items and pay them with bitcoins. Maybe invest in real estate using bitcoins.
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johnyj
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June 29, 2015, 12:39:13 PM |
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The biggest problem towards mass adoption is that people's income is not received in bitcoin
In today's fiat money system, many large projects were setup with loan of fiat money, and then money trickle down level by level, so that every employee receive fiat money as income in the end
If you want to use bitcoin everywhere, then only the bitcoin accepting entrepreneurs have the ability to create bitcoin income (And those income are still small part of their main business), they have to actively spend the bitcoin as salary and purchasing from lower supplier to make it circulate
However, due to anti-inflation nature of bitcoin, everyone who get bitcoin will hoard at least half of them, thus after several hand changing, there is essentially nothing left in circulation. Because people are not forced to use bitcoin, when bitcoin is not enough for the transaction, they will consider some other alternatives. In fact, they are more likely to spend fiat money which is dropping in value all the time, and there is never a shortage of fiat money
Of course, many years down the road, when many people have hoarded enough bitcoins as saving, they will start to spend constantly, since their income will be coming from bitcoin's appreciation, that will be the mass adoption time
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eerygarden
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June 29, 2015, 12:40:58 PM |
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Well I'd buy my basic needs. Simple question needs simple answers. Also I'd buy and sell items via bitcoin. Collect rare items and pay them with bitcoins. Maybe invest in real estate using bitcoins.
Surely your government would require the purchase to be made in your local currency with regards to real estate. Sure enough you could just make a bitcoin transaction in return for the keys from the current owner but if you don't pay the taxes your government expects it wont take long before they come knocking. I don't think we own any property, it all belongs to the state, we are just responsible for the upkeep and are afforded 'quiet enjoyment' with the assistance of the police and the courts if we adhere to the states rules.
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ticoti
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June 29, 2015, 12:41:00 PM |
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Of course, because I receive some income in bitcoin and I would be please to spend it with just my mobile phone
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HeroCat
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June 29, 2015, 01:24:20 PM |
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If BTC would be accepted everywhere, more or less everyone will use it ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) It is clear ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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ThEmporium
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June 29, 2015, 01:29:38 PM |
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Obsolutely, I will be the first person to use it always and anywhere in my routine life, so much so I am waiting curiously for such day when the Bitcoin digital currency accepted everywhere, be it hotels, airports, restaurants, shopping malls and Railways.
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neurotypical
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June 29, 2015, 03:07:21 PM |
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The main reasons people don't use it as much: 1) Lack of merchants 2) Feels like you are paying with something that will be way more valuable in the future (hence a lot of people use it as a storage of wealth) 3) Hard to get (unless you directly convert fiat to BTC to buy stuff that you can already buy with fiat except in non regular situations, which beats the purpose of having it always ready and quick. This will be solved the day salaries are paid in BTC).
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Erza
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June 29, 2015, 04:23:46 PM |
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Ohhh Yesss...! Of course I would use it, that would be awesome and exactly what I have been waiting on for so long, I'm sure the day will come. Cut up the cards and get paid and spend bitcoin, getting out from the bankers trap is what it is all about for me. I not like banking high tax system at all because if want to transection some other countries money needs a lot of fee which is completely unacceptable for that I want bit coins should be available all over the world for can do any kinds of transection, buying, marketing facilities should be very easier than banking systems....
If later bitcoin is accepted everywhere there will be some tax or some transaction fee so it will be the same as one banking system so whats the different using bank and bitcoin except for the high speed transaction? And btw did you have enough bitcoin to spend for your entire life? I dont think people will have this much if this world accept bitcoin as their method of payment
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SmartIphone
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June 29, 2015, 04:58:27 PM Last edit: August 15, 2017, 07:29:26 PM by SmartIphone |
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Why not using it everywhere when it is accepted? Definitely yes.
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RodeoX
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June 29, 2015, 05:03:13 PM |
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No currency is accepted everywhere, but bitcoin is accepted everywhere I will shop.
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ifightformerkel
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June 29, 2015, 06:56:29 PM |
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I would you is everywhere, the most on amazon. But i would buy also my new car with bitcoins and all my bills. When the point come that bitcoin is accepted everywhere, than everyone will be rich here. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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ikydesu
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June 29, 2015, 07:03:49 PM |
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Ohhh Yesss...! Of course I would use it, that would be awesome and exactly what I have been waiting on for so long, I'm sure the day will come. Cut up the cards and get paid and spend bitcoin, getting out from the bankers trap is what it is all about for me. I not like banking high tax system at all because if want to transection some other countries money needs a lot of fee which is completely unacceptable for that I want bit coins should be available all over the world for can do any kinds of transection, buying, marketing facilities should be very easier than banking systems....
If later bitcoin is accepted everywhere there will be some tax or some transaction fee so it will be the same as one banking system so whats the different using bank and bitcoin except for the high speed transaction? And btw did you have enough bitcoin to spend for your entire life? I dont think Logically maybe yes, the gov will take a taxes for bitcoin, but It's depends on the gov right? In my country there are no tax for bitcoin, although you use for the payment. No currency is accepted everywhere, but bitcoin is accepted everywhere I will shop.
This is one of the advantages use bitcoin ~iki
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Towlie
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June 29, 2015, 07:08:20 PM |
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Why not using it everywhere when it is accepted? Definitely yes.
Well some people still might not want to spend their coins but instead hold them as an investment. I personally want to hold for a while then when they've risen in value I will happily spend them.
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Amph
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June 29, 2015, 07:11:32 PM |
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Why not using it everywhere when it is accepted? Definitely yes.
Well some people still might not want to spend their coins but instead hold them as an investment. I personally want to hold for a while then when they've risen in value I will happily spend them. one could argue that bitcoin will not see a good price until it is accepted everywhere, so there is no reason to hold at that point, and also holding for what when you can pay directly in bitcoin? there is no reason for dumping anymore when bitcoin will achieve fully adoption this was the whole point of bitcoin after all
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Kazimir
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June 29, 2015, 08:07:34 PM |
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Yes, of course. I'm already using it now as much as I can, why the hell would anyone not use it.
Seriously, if you're into Bitcoin but not using it, you need to put some thought in exactly what development or series of events do you expect will cause Bitcoin to actually take of and go mainstream. If it ain't using it (and that's up to YOU, bitcoin fans) then what is?
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SmartIphone
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June 29, 2015, 11:09:13 PM |
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Why not using it everywhere when it is accepted? Definitely yes.
Well some people still might not want to spend their coins but instead hold them as an investment. I personally want to hold for a while then when they've risen in value I will happily spend them. one could argue that bitcoin will not see a good price until it is accepted everywhere, so there is no reason to hold at that point, and also holding for what when you can pay directly in bitcoin? there is no reason for dumping anymore when bitcoin will achieve fully adoption this was the whole point of bitcoin after all Maybe now is freedom without taxes isnt it ? Bitcoin price is going up why not using it everywhere ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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afriezalie
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June 30, 2015, 02:03:37 AM |
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Maybe my wallet have been fat when it's happened ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . I would use it to buy some stuffs from shop or games from steam if bitcoin was accepted everywhere. I don't have to think about FIAT exchange rate and exchange free like today. So, why not? I would use bitcoin even when it's accepted everywhere.
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pooya87
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June 30, 2015, 03:31:58 AM |
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I am curious as to why and who would use bitcoin if it was accepted everywhere.
I know it would be great for everyone who has invested into bitcoin, but if it was just as accepted as money would you still be as inclined to use it?
If you have a business that involves bitcoin or you have some sort of exchange then I can see it being a great thing for demand, but why would you use it if you could just as easily use fiat money?
absolutely yes. i would love to see some services especially online ones like Amazon, Ebay, (and personally like) steam to start accepting bitcoin and then i would be one of the first people who would buy with bitcoin there. but on the other hand i will always have my investment for long term put aside because of the volatile price. and continue using it as an investment and do my exchanges for profit
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