RapTarX (OP)
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April 01, 2019, 05:36:59 PM |
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Bitcoin isn't legal in some countries but even if in some countries, it's legal, one still have to face hassle if they want to use bitcoin in every step of real life. Most of the shops don't accept it. In my local, it's not illegal but no one accepts bitcoin as currency or payment method. However, last week, I was in vacation and decided to use bitcoin for a whole 1 day. As bitcoin isn't allowed here, I choose one local guy(he owns a local exchange) who exchange bitcoin for my native currency. I decided not to use any fiat directly from my pocket. What I did, whenever I was in need of fiat, I had to contact with that local guy and sent him BTC for fiat. I could have done it at once but I choose to exchange only if I need. I could have used localbitcoin but it requires more time. 10 PMI need approx $30 for transportation cost and I talked with the guy over phone and exchanged 0.02 BTC for fiat. I bought ticket and spent some fiat for foods. I had a few bucks left in my pocket. I reached at destination at 04:00 am and I had to have rent a room but I didn't have enough fiat. I called that guy at 4 am, he didn't picked the phone since he was sleeping. So, I had to spend some times at waiting room, at some point I slept for a while ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I had a few bucks left from yesterday, spent these on breakfast. Again, I called that guy and this time, he picked up the phone. We had talked for some minutes, he was asking me to exchange all the amount I need to but I decided not to exchange these at once. So, I exchanged 0.05 BTC this time and rented a room. I spent couple of hours there. Later, went out for having some fun. After completing my lunch, I came back to room and had a rest for some times. In afternoon, I had visited some places, had some food.Then I came back to my room and had rest for couple of hours before going to dinner. I had left some fiat from the previous exchange. I used these for dinner and left almost nothing. I decided to exchange the rest 0.03 BTC because I had to have breakfast at morning. I slept till 8 am. Later, I got freshed and took my breakfast before getting back to my home. ConclusionYou probably have easily read the whole story but only I know how much pain it was when I had to wait almost 5 hours without a single fiat money. I had done this only out of my curiosity. We are still far away from using bitcoin as our daily currency. P.S- I had fiat option to pay since I had my card with me. I took it to avoid any unexpected issue.
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Bitinity
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April 01, 2019, 05:45:40 PM |
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Basically you are not using any BTC for your needs in that day as you paid everything with fiat. Indeed you did not spend any fiat money directly from your wallet but you exchange your BTC first to get fiat. In conclusion, it is impossible to live with no fiat if you live in a place when there is no store/merchant that accepts bitcoin as payment method. I'll have the same experience with you if I try to do the same thing in my country.
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Zadicar
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April 01, 2019, 05:55:42 PM |
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Basically you are not using any BTC for your needs in that day as you paid everything with fiat. Indeed you did not spend any fiat money directly from your wallet but you exchange your BTC first to get fiat. In conclusion, it is impossible to live with no fiat if you live in a place when there is no store/merchant that accepts bitcoin as payment method. I'll have the same experience with you if I try to do the same thing in my country.
True,when i read up the entire story this do shows that op do spend out fiat still and not his bitcoin yet he do make conversions with his friend.Its a normal scenario would happen if there were no merchant do accepts bitcoin directly on a certain place which you would surely end up on this kind of situation.Instead on hassling yourself on making conversions and wasting your bitcoin its much better to stick with your fiat spending.
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The Cryptovator
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April 01, 2019, 06:00:12 PM |
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Although bitcoin isn't legal on my country but I can spend whole life with bitcoin payment. Because I can easily exchange bitcoin to my native currency. Huge demand for bitcoin on my country. On the other hand I am one of them who made lot of local re-seller. So if I ask anyone for exchange by bitcoin with native currency then they will pay local currency in advance. So I have no problem for sell it. But it's true that I can't spend bitcoin directly in my country since its not legal there. Even now I am on abroad but I am selling bitcoin with my local currency and getting paid on local bank.
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bhabygrim
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April 01, 2019, 06:05:02 PM |
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Basically you are not using any BTC for your needs in that day as you paid everything with fiat. Indeed you did not spend any fiat money directly from your wallet but you exchange your BTC first to get fiat. In conclusion, it is impossible to live with no fiat if you live in a place when there is no store/merchant that accepts bitcoin as payment method. I'll have the same experience with you if I try to do the same thing in my country.
Well basically if you would think about it he is paying with Bitcoin because the money he is spending is came from crypto. Even though it is not directly Bitcoin payment I would still consider it as a day with Bitcoin because what he spent is all from crypto .
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alisafidel58
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April 01, 2019, 06:07:23 PM |
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The hassle is real. This is the few set back that bitcoin and other cryptocurrency have. Sooner or later there will be major adoption from a merchant and store around the world to use crypto as a source of payment. Also depending on which country you are taking a vacation.
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ranman09
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April 01, 2019, 06:29:20 PM |
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~
True,when i read up the entire story this do shows that op do spend out fiat still and not his bitcoin yet he do make conversions with his friend.Its a normal scenario would happen if there were no merchant do accepts bitcoin directly on a certain place which you would surely end up on this kind of situation.Instead on hassling yourself on making conversions and wasting your bitcoin its much better to stick with your fiat spending. At least we learned that it is really hard to use bitcoin for regular living especially if the country does not know or support it. Though I agree that most payments are done in fiat, I think it's the only OP can do it.
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Kimi80
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April 01, 2019, 06:44:15 PM |
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Off course man. We are far far away from easy usage of bitcoin as a payment method. When there is nobody to accept it for purchase goods you have to exchange it into fiat and that is pain in the a** ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Adoption on the largest scale and companies and firms paying salary in bitcoin( off course if its value stabilize completely). Then we can talk about bitcoin as everyday currency, spending for basic life needs...
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dothebeats
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April 01, 2019, 07:06:25 PM |
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We are yet to see fully-functioning services that accept bitcoins directly, but until then we should be happy seeing that some people are already willing to meet compromises in order to learn about the tech, and how to possibly integrate it into their businesses and services as well. Perhaps with the return of bitcoin debit cards (the legitimate ones, of course) will we see the rise of interest in bitcoin again since that's one compromise we'll have to take if we really want to take our bitcoins somewhere, though I'm not yet affixed to the idea that it's the only way to get the word out.
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tomahawk9
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April 01, 2019, 07:10:08 PM |
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We are still far away from using bitcoin as our daily currency.
I think it depends on where you live. I believe in some places like Japan or Switzerland, you can pretty much find a local shop or a restaurant accepting bitcoin as payment very easily as those countries have been embracing cryptos for a very long time so it wouldn't be surprising to find people accepting btc (although maybe not to the point of being a "daily currency"), or at least that's how I perceive the acceptance of cryptos in those countries, perhaps someone who lives there can correct me if I'm wrong. But yeah, other than in some crypto-friendly countries, using Bitcoin for day-to-day stuff like getting a taxi or buying breakfast it's almost impossible.
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MakeMoneyBtc
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April 01, 2019, 07:19:31 PM |
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The conclusion is that it's almost impossible to live by only sing bitcoin on a daily basis in most of the countries around the world. There are a few shops here and there accepting bitcoin but those are rare and definitely not enough to complete all your daily needs. Regarding to your story I think you should have exchanged all your bitcoin in one transaction so you would have waited only a few hours than you could do anything you want for the rest of the day.
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reda
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April 01, 2019, 07:38:13 PM |
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Off course man. We are far far away from easy usage of bitcoin as a payment method. When there is nobody to accept it for purchase goods you have to exchange it into fiat and that is pain in the a** ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Adoption on the largest scale and companies and firms paying salary in bitcoin( off course if its value stabilize completely). Then we can talk about bitcoin as everyday currency, spending for basic life needs... Hope you did not try any daily usage option by using bitcoin. For example you can pay your internet, mobile or electricity bills on few site or app paying bitcoins. Then cheapair.com site is providing options to buy the tickets on their site with bitcoins and get some discounts. purse.io is one of the site where you can buy things on amazon with certain discounts and offer. Why you people trying this options and saying when we can use bitcoin everyday and so on. I am sharing link to find bitcoin accepting places to learn more about it. https://coinsutra.com/who-accepts-bitcoins/
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jakelyson
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April 01, 2019, 11:40:14 PM |
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There is a service in my country where I can convert bitcoin into fiat in demand. So if I would do what Op have done, it is not that hard. I will not have to wait for someone to pick up the phone and convert my btc to fiat.
But I think, the convenience of converting btc to fiat is counter productive. There is lesser demand for shops to accept btc since most people are converting it to fiat. This is reality, atleast in my country.
i would like to see someone try it in a day without converting btc. I know in some countryit is viable.
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Artemis3
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April 01, 2019, 11:54:13 PM |
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I have at least two years without earning anything in fiat, what little i get, is all in bitcoin. So anytime i need to spend something, i hit localbitcoins and exchange as little as possible, basically the needs for that day. This is because the fiat we use here had become the worst of the planet, thanks to the politicians.
So your single day experience, for me has already been a couple of years. And while this is doable, it hurts not being able to keep them for the future...
Contrary to the misleading media, there is almost no place that accepts bitcoin directly here. There are like a couple of places that claim to accept bitcoin, but the exchange rate would be a complete ripoff compared to exchanging it yourself first. And once you have the fiat, you don't need to wait for confirmations (but instead have to pray the stupid bank debit card works). Yes this is a cashless country, not by choice but by force...
You can at least still freely choose to use your fiat, probably even in physical form...
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muratsink
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April 02, 2019, 01:10:40 AM |
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good story, when a country banns crypto transactions or doesn't care about crypto, then the government's decision only makes it difficult for us to make transactions using BTC.
Our challenge today is to spread BTC to the public, so that it will create a great public enthusiasm towards BTC, and that will encourage the government's attention to legalize BTC.
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iqlimasyadiqa
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April 02, 2019, 02:33:04 AM |
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Basically you are not using any BTC for your needs in that day as you paid everything with fiat. Indeed you did not spend any fiat money directly from your wallet but you exchange your BTC first to get fiat. In conclusion, it is impossible to live with no fiat if you live in a place when there is no store/merchant that accepts bitcoin as payment method. I'll have the same experience with you if I try to do the same thing in my country.
For now and in the next few years it is true that we cannot possibly live without fiat money. but think about it in the next 20 or 30 years, when technology is getting more sophisticated and everything is very different then using digital currencies is a possibility. in the future we can achieve a much higher level of sophistication and when all facilities and infrastructure are adequate then everything can be far more likely to happen.
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avikz
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April 02, 2019, 02:36:13 AM |
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Bitcoin isn't legal in some countries but even if in some countries, it's legal, one still have to face hassle if they want to use bitcoin in every step of real life. Most of the shops don't accept it. In my local, it's not illegal but no one accepts bitcoin as currency or payment method. However, last week, I was in vacation and decided to use bitcoin for a whole 1 day. As bitcoin isn't allowed here, I choose one local guy(he owns a local exchange) who exchange bitcoin for my native currency. I decided not to use any fiat directly from my pocket. What I did, whenever I was in need of fiat, I had to contact with that local guy and sent him BTC for fiat. I could have done it at once but I choose to exchange only if I need. I could have used localbitcoin but it requires more time. 10 PMI need approx $30 for transportation cost and I talked with the guy over phone and exchanged 0.02 BTC for fiat. I bought ticket and spent some fiat for foods. I had a few bucks left in my pocket. I reached at destination at 04:00 am and I had to have rent a room but I didn't have enough fiat. I called that guy at 4 am, he didn't picked the phone since he was sleeping. So, I had to spend some times at waiting room, at some point I slept for a while ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I had a few bucks left from yesterday, spent these on breakfast. Again, I called that guy and this time, he picked up the phone. We had talked for some minutes, he was asking me to exchange all the amount I need to but I decided not to exchange these at once. So, I exchanged 0.05 BTC this time and rented a room. I spent couple of hours there. Later, went out for having some fun. After completing my lunch, I came back to room and had a rest for some times. In afternoon, I had visited some places, had some food.Then I came back to my room and had rest for couple of hours before going to dinner. I had left some fiat from the previous exchange. I used these for dinner and left almost nothing. I decided to exchange the rest 0.03 BTC because I had to have breakfast at morning. I slept till 8 am. Later, I got freshed and took my breakfast before getting back to my home. ConclusionYou probably have easily read the whole story but only I know how much pain it was when I had to wait almost 5 hours without a single fiat money. I had done this only out of my curiosity. We are still far away from using bitcoin as our daily currency. P.S- I had fiat option to pay since I had my card with me. I took it to avoid any unexpected issue. Your story is not exactly the story of using bitcoin directly. It's just that you have exchanged bitcoin for local fiat and used that as a currency. I do it every month and it is very normal for a lot of people here. If you had used bitcoin directly, that would have been interesting! I have been saying this for a long time that, without government regulation in place, bitcoin is not going to see mass adoption. And without mass adoption, bitcoin won't be used as a currency where we can use it for our daily expenditures. Once we have government regulations in place, the story will be different.
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pooya87
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April 02, 2019, 03:05:40 AM |
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We are still far away from using bitcoin as our daily currency.
you are missing the point of bitcoin. all you explained here was the "pain" of converting bitcoin to fiat. that has never been the point of bitcoin. the whole point is that when bitcoin is adopted and used as a currency you should no longer need to convert it to fiat, you simply pay with bitcoin just like you pay with fiat. your statement however is correct in a way but your reasoning is wrong. we are far from using bitcoin as daily currency only because 1. people still prefer it as investment rather than a currency, 2. merchants don't accept it when they see #1 and the volatility.
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Kemarit
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April 02, 2019, 03:40:12 AM |
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As you have said: "In my local, it's not illegal but no one accepts bitcoin as currency or payment method.". So that's it, you really need to exchange your Bitcoin to your local currency, but it's a good social experiment though. There are only a couple of country out there that really adopts bitcoin as currency, Switzerland, which has a lot of store accepting it, and Japan, who we all know adopted bitcoin just like their local currency. I have to agree though that it is far from being accepted as mode of payment because of so many factors, i.e. volatility of the market.
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Carrelmae10
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April 02, 2019, 03:57:03 AM |
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..you have said that "In your local, it's not illegal but no one accepts bitcoin as currency or payment method"..the necessity in the use of bitcoin in your country is not yet fully adopted which cause you to convert your btc into your own fiat money to be able to survive in your one day journey..opposite here in my place..Bitcoin is not illegal,,it is accepted by the community and you can use it in your day to day transactions like paying bills,buying loads,games credits, even you can convert your bitcoins in your fiat money etc..you can gain freely bitcoins as long as you can afford to buy it,, but there is still a need to use our fiat money because not all transactions nor merchants are accepting Bitcoin as mode of payment..Reality based,,Bitcoin can not easily replace fiat money..
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