[2016-01-07] Forbes: This Man Has Been Living On Bitcoin For 3 Years

[pawel7777]

This Man Has Been Living On Bitcoin For 3 Years

http://www.forbes.com/sites/laurashin/2016/01/07/this-man-has-been-living-on-bitcoin-for-3-years/

Since February 2013, when he became the first hire at Bitcoin startup Coinbase, Olaf Carlson-Wee has been living, as much as he can, on the digital currency.

The 26-year-old head of special projects elected to get paid in the cryptocurrency when a single coin was about $20-$30. (As of press time, it’s about $450.) At the time, he says, “Most of the world had never even heard of it, let alone understood it, so I had a huge opportunity to hoard Bitcoin and speculate on the value.” Bitcoin was so little known, he says, it was hard for him to explain to his friends and relatives “what I even did.”
...

[a7mos]

It might worked with him because he lives in US and there are a lot of bitcoin atms and available services like coinbase . but if he lives in a third world country where no one know what bitcoin is, it would be diffecult to live on bitcoin only even for one week

[Kprawn]

It might worked with him because he lives in US and there are a lot of bitcoin atms and available services like coinbase . but if he lives in a third world country where no one know what bitcoin is, it would be diffecult to live on bitcoin only even for one week

This should not stop you from approaching these services and merchants and introducing them to Bitcoin. We had the same problem with one of the local pubs... We told them

that we would have regular Bitcoin meetings in their establishments, if they would start to accept Bitcoin as a payment method. They saw the advantage of this and they

asked us to help them. We now support them regularly and we also approach businesses in groups, where we want them to accept Bitcoin. It works VERY well..