Living only on bitcoins

[Elwar]

It looks like the Utah couple filming their life on Bitcoin is 3 weeks into their 90 day experiment and they are not doing all that great.

http://lifeonbitcoin.com/blog/

One restaurant in their town is willing to accept bitcoins but the owner does not have a smart phone or wifi. And the couple has not yet been able to get a cell phone data plan to use to pay for things with bitcoin on their phones.

At least the price has been fairly stable. Unlike when Kashmir Hill was doing it for a week and the price dropped from $130s to low $90s.


I guess I should add these quick items about their project:

Is this a "fund my life" project?

NO.

A lot of people are misunderstanding what this project is about. The Kickstarter funds are going to fund a professional crew to film the feature length documentary. Beccy and I both have very successful professional lives. We have absolutely no need to live on bitcoin or get a free vacation. We will continue our day jobs. Taking on this documentary was a hard decision for us. We’re adding a a lot of work to our already busy lives. Good documentary films cost money, for filming, editing, expensive gear, and more. We’re doing this Kickstarter project to fund the film crew that will follow us for 3 months, then edit for months more making a professional documentary film.

Rules

1. Kickstarter funds will be used for production costs, filmmakers, post production, Kickstarter's 5% commission, the credit card transaction fees and the cost of the rewards. Kickstarter funds are not being used for our living expenses!

2. Credit cards, debit cards, and cash will all be confiscated at the airport upon returning from our honeymoon and arrival in Utah. Cell phones will also be revoked. New cell phones and minutes will need to be purchase with bitcoin.

3. All transactions for the following 90 days will be accomplished using bitcoin as the medium of exchange. Exceptions include taxes and medical emergencies.

4. Beccy and Austin will minimize participants in any transaction, ultimately reducing the parties to the bare minimum of buyer, seller, and the blockchain verification.

5. All attempts at direct exchange will be made. Intermediaries are permitted only after attempts for direct exchange have been thoroughly exhausted.

6. Friends and family will not be party to exchanges, unless they have commercial businesses, with which Beccy and Austin can exchange.

7. If we sell stuff or do contract work, we will need to be paid in bitcoin. Every attempt will be made to receive payments in bitcoin for any goods sold or services rendered.

8. The experiment will progress in a “bigger and better” style, finding the practical limits of bitcoin as a currency. If Beccy and Austin can accomplish a task easily, they then will accomplish the same kind of task at a larger scale. If they can travel to Salt Lake City with ease, can they travel to another state? Or another country? If they can order food at home with ease, can they get food at a restaurant just as easily? Can they get fresh produce?

9. All relevant experiences and learning will be shared across social media platforms, including at least a daily YouTube vlog, facebook posts, tweets, and Instagram photos, and expense logs.

EXEMPTIONS: Taxes, emergency medical expenses, existing debts such as student loan payments or credit card payments.

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[Littleshop]

It looks like the Utah couple filming their life on Bitcoin is 3 weeks into their 90 day experiment and they are not doing all that great.

http://lifeonbitcoin.com/blog/

One restaurant in their town is willing to accept bitcoins but the owner does not have a smart phone or wifi. And the couple has not yet been able to get a cell phone data plan to use to pay for things with bitcoin on their phones.

At least the price has been fairly stable. Unlike when Kashmir Hill was doing it for a week and the price dropped from $130s to low $90s.

I am adding go smart cell phone data plans to my bitcoin store this weekend.

Update:
Sim card and plans added:
http://cryptoanarchy.com/store/index.php?route=product/category&path=68

[mises]

I feel like in the near(ish) future this would be possible. It's a pretty awesome experiment these guys are doing. I would probably just buy a bunch of restaurant gift cards haha.

[CurbsideProphet]

I feel like in the near(ish) future this would be possible. It's a pretty awesome experiment these guys are doing. I would probably just buy a bunch of restaurant gift cards haha.

I was going to say, using Gyft would make their life easier.  Although maybe the point is to not go through a proxy.

[quicksilv3r]

if they didnt buy there clothes with bitcoin wtf, they should be naked with bitcoins.
also they have $ they should just usethat and get a fcukn phone plan. like the clothes and transports they usen.

these guys r bunch of ponzi scheme, any 1can live off bitcoins.
these guys cut corners and never mined there coins, or traded for bitcoins.
they know shit about bitcoins and embarrassment to the community.
fuckthem hippos
/rage

[Elwar]

if they didnt buy there clothes with bitcoin wtf, they should be naked with bitcoins.
also they have $ they should just usethat and get a fcukn phone plan. like the clothes and transports they usen.

these guys r bunch of ponzi scheme, any 1can live off bitcoins.
these guys cut corners and never mined there coins.

lol

[LifeOnBitcoin]

Actually, the Life On Bitcoin couple has been able to get gas, farm fresh produce, eat at 4-5 restaurants, and at least 3 of these are now accepting bitcoin from all customers, join a gym, pay for a cell phone, pay for accessories, buy hatching eggs, pay their neighbors for internet service, buy clothing online, pay for Beccy's volleyball team fees with a friend, and huge news - they just brought a local multi-location grocery store chain online. You can follow all of it on Facebook, Instagram, Twitter and the blog you referenced above. Thanks so much for supporting the project.
http://lifeonbitcoin.com/lifeonbitcoin-day-22-progress-report-breakthrough/

Theron H.
LifeOnBitcoin.com

[Elwar]

Actually, the Life On Bitcoin couple has been able to get gas, farm fresh produce, eat at 4-5 restaurants, and at least 3 of these are now accepting bitcoin from all customers, join a gym, pay for a cell phone, pay for accessories, buy hatching eggs, pay their neighbors for internet service, buy clothing online, pay for Beccy's volleyball team fees with a friend, and huge news - they just brought a local multi-location grocery store chain online. You can follow all of it on Facebook, Instagram, Twitter and the blog you referenced above. Thanks so much for supporting the project.
http://lifeonbitcoin.com/lifeonbitcoin-day-22-progress-report-breakthrough/

Theron H.
LifeOnBitcoin.com

Awesome. Good thing one of those stores has a gas station attached.

The great thing is, after this documentary is finished, they will still be able to pay for most things using bitcoins in their home town.

[MagicBit15]

It really is quite the task, Without converting to local Fiat it is tough just as it would be giving a peso to someone in Oregon. They would be like "Que?"

Lol

[Justin00]

they should just buy meth on SR... then they wouldn't need to eat.. and it would enable them to steal in a meth induced rage...
bam problem solved !

[kik1977]

The couple has almost reached the end of their journey through US, Europe and SE Asia.. have a look at an interview in Singapore:

http://coinrepublic.com/interview-with-austin-and-beccy-of-life-on-bitcoin-in-singapore/

[genjix]

I live on Bitcoins in europe. But I'm living with alternative communities anyway. We use Bitcoin as a tool to manage internal economies.

[kik1977]

I live on Bitcoins in europe. But I'm living with alternative communities anyway. We use Bitcoin as a tool to manage internal economies.

Which Country (if you don't mind sharing..)?

[dwdoc]

if they didnt buy there clothes with bitcoin wtf, they should be naked with bitcoins.
also they have $ they should just usethat and get a fcukn phone plan. like the clothes and transports they usen.

these guys r bunch of ponzi scheme, any 1can live off bitcoins.
these guys cut corners and never mined there coins, or traded for bitcoins.
they know shit about bitcoins and embarrassment to the community.
fuckthem hippos
/rage

At least they are getting the word out. What have you done for "the community?"
And which investors are they paying off with other investors money in their Ponzi scheme?

[bythesea]

In some countries you were able to life for a year on bitcoins you make in a week. some 14 months ago.