What would you consider living on crypto?

[iTradeChips]

If you are going to ask me, then as of the moment I might not want to see Bitcoin be used as a currency. The high volatility of the coin and the problems merchants would have in pricing goods and services in Bitcoin would be deemed problematic. Your salary in the same amount of satoshi might fall in case the price also fell for Bitcoin, and that would affect your purchasing power once you convert your cryptos to cash through 3rd party conversion services.

[Digitalbitcoin]

As human being, we need basically three things to live on a planet with own terms, and that are food, shelter, and cloths. All other things are manmade for enhancing a better life experience.

Basic needs can be fulfilled by purchasing them, for this it requires purchasing power. To have more purchase power, a person has to have more assets, which can be used to exchange to purchase necessary things.

And here crypto comes to make a difference in an ordinary person's life. As its electronic currency, anyone having talent can earn crypto using their own skills to increase their earnings in crypto to live a better life.

[Kittygalore]

For me, it's simple,. You can consider living in crypto if you don't have any fiat in your possession and you always buy your daily needs like hygiene products, food, medicine and water with crypto. I think that's the only way so no exceptions besjdes using fiat to buy more crypto.

[Smartvirus]

We had a similar discussion on this in our Nigerian Local Board under the other languages Board just a while back. It was some worth about living on crypto in contrast to the necessity of these banks. I think the bone of contention came up with the displaced persons from Afghanistan following the crisis who have got to live the nation and there wealth behind both in banks and property to avoid the Talibans rule

In that aspect, crypto seemed a lot preferable as it's got no definite place or locality to it but still, not all merchants are suffisticated enough to be hooked on crypto for payment. There are rural areas where the android phones that might be common to you are lacking. Not to talk about  cryptocurrency that is even suffisticated to the most learned person.

There is no way we are going to live without fiat currency so, should you be receiving payments or prefer savings in cryptos, its a good thing but, fiat and banks is till very necessary and useful.

[Arvin01]

Outside of my normal work, my part-time boss paid me in Bitcoin.
I think it's okay to earn Bitcoin from sideline business outside of normal work.
I just invest in Bitcoin, and I haven't used Bitcoin for daily payments.
The value of Bitcoin will increase and I don't want to lose.

[ropyu1978]

what do you consider living in crypto, maybe my considerations are simple, I will live in the crypto world, but not completely, because I am sure I will look for other income, and I will save some of my money into fiat currency, for purposes me everyday, because I don't live in the country of el salvador, which has legalized bitcoin, and has accepted any purchases using bitcoin..

[cotton ball]

consideration of living in bitcoin, if in my country to live in the crypto world is very difficult, because in my country bitcoin is still illegal, and I can't buy anything using crypto, different from your country, because your country has legalized bitcoin, and already accept bitcoin in any purchase, like in el salvador country..

[willhuber]

Living on crypto has its benefits as well as downsides. I can’t think of living entirely on crypto, unless every firm starts accepting payments in crypto and the government offers less resistance towards cryptocurrency. But I can't even ignore it, it is going to be the most obvious future. Until then a mix of crypto and fiat money is good.

[suryana]

As human being, we need basically three things to live on a planet with own terms, and that are food, shelter, and cloths. All other things are manmade for enhancing a better life experience.

Basic needs can be fulfilled by purchasing them, for this it requires purchasing power. To have more purchase power, a person has to have more assets, which can be used to exchange to purchase necessary things.

And here crypto comes to make a difference in an ordinary person's life. As its electronic currency, anyone having talent can earn crypto using their own skills to increase their earnings in crypto to live a better life.

It's true that at least crypto brings a different influence in this life. At least bring good influence for me especially . Because of crypto at least I have realized my small dream to be able to buy a house. Although on the other hand we are always faced with big risks, but if we are good at managing losses, they can be minimized.

[iTradeChips]

We had a similar discussion on this in our Nigerian Local Board under the other languages Board just a while back. It was some worth about living on crypto in contrast to the necessity of these banks. I think the bone of contention came up with the displaced persons from Afghanistan following the crisis who have got to live the nation and there wealth behind both in banks and property to avoid the Talibans rule

In that aspect, crypto seemed a lot preferable as it's got no definite place or locality to it but still, not all merchants are suffisticated enough to be hooked on crypto for payment. There are rural areas where the android phones that might be common to you are lacking. Not to talk about  cryptocurrency that is even suffisticated to the most learned person.

There is no way we are going to live without fiat currency so, should you be receiving payments or prefer savings in cryptos, its a good thing but, fiat and banks is till very necessary and useful.

It would really be difficult for people to easily accept Bitcoin as payment also as mode of payment for salaries, taxes, and other transactions that is common with fiat today. As you have mentioned the technology implemented for payments and solely based on fiat currency so it will be a challenge for them to adopt cryptocurrency. Maybe it can be applied to lesser valued cryptocurrencies that are not expensive and still be used as payments.

[clint25n]

Of course this is inseparable from bitcoin itself which is long-term and so transparent.and that also makes bitcoin an investment that makes miners want to linger in the crypto world so that they are free and free to carry out an investment for the future to come

[Om.monata]

It seems difficult at the moment to live 100% on crypto and purchase things without the use of third party app that converts BTC to fiat. It would be a nice experience living in an environment where crypto is actually recognized like El Salvador.

The classic problem is that countries don't allow crypto to exist. today there are still many countries that are pro and contra against crypto, especially bitcoin. living with 100% bitcoin is just a dream that has not been realized until now.

[ElmedoRator]

I don't want to make it difficult for myself because right now what I see is not easy, acceptance is not yet synchronized.

Even going to develop countries the use of all btc to live will have its limitations, my dear friend still think it is a hoard of assets rather than a lot of application in life.

I don't know how the future will happen, but looking at the present when more and more people are interested in this field, I think there will be solutions or suggestions for things that we need.

[verita1]

It could work in some countries where prepaid cards with Crypto are available and in some stores where GiftCard accept.
But not all countries are prepared so that the population has these payment options.
This future is not far away we need cities modernized with these technologies and therefore citizens educated with these new changes.
From my own experience I can say that I live totally with Bitcoin and Altcoins and that when I need Fiat to buy my food and pay my bills I use a P2P exchange.

[ElmedoRator]

I don't want to make it difficult for myself because right now what I see is not easy, acceptance is not yet synchronized.

Even going to develop countries the use of all btc to live will have its limitations, my dear friend still think it is a hoard of assets rather than a lot of application in life.

I don't know how the future will happen, but looking at the present when more and more people are interested in this field, I think there will be solutions or suggestions for things that we need.

You are right, in life we don't need to think too far ahead, we don't know if bitcoin is still worth 10 years from now or not, it's all hard to guess, when Nokia and Blackberry invested heavily in early 2010 they couldn't compete with smartphones Android-based , currently bitcoin is still valuable and we should get great benefit from bitcoin.

I agree with you, I see too many people living in the past and the future. Just simply, being satisfied with what we have, everything will always be the way we want it to be.
This society will always develop, good or bad is also our choice, no need to look too far away from the things that have not yet come, the motivation of life is necessary to make things more meaningful but should not be changed it becomes self-pressure.

[Coyster]

For me, it's everything you are doing are all in crypto, you buy your food and services with crypto, you get paid with crypto and no fiat ever touches you again.

Is that even possible, if you're never going to touch fiat ever again then you'll be unable to buy quite a lot of your needs, which means you'll not be able to survive, it's a cool ideology if we ever get to the point were we can use crypto for basically everything, a point were all payments and purchases can be made either in fiat or in crypto, but for now it's simply not possible until mainstream adoption becomes a reality. The most you can do now is to hold all your finances in crypto and then you will have to convert some of it to fiat every now and then to meet some of your basic needs in RL.

[MFahad]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

I really wish that i could avoid the paper money and banks and live only on the crypto but practically it is not possible. There is no way we can use bitcoin publicly if the government does not make it legal.
Also people do not have enough knowledge about bitcoin.

[Spack17]

In today's world, it doesn't seem very possible to live on crypto unless your government decides to make it legal tender. Because cryptocurrencies are still not used everywhere. You can't pay your bills with cryptocurrencies for example. Or you can't buy anything you would like with even Bitcoin now. As long as fiat is used as the global currency, cryptocurrencies will not have this chance as much as fiat. However, this won't go on like this forever too. After digital currencies take the place of fiat in the future, we will always be using digital ones.

[chichigirl]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

That is very good idea, wishing that in the future that will finally be happen. That is very much appreciated for BTC users and that will be more conveniet to use. No more necessary transactions in all but onl8ne transactions will be done immediately. That is very great idea and hope to see that kind of scenario of bitcoin in the future.

[Sanugarid]

Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend  BTC / crypto staying away from banks.

We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Con base and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?

Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?

-Dave

Living on crypto is not applicable for everyone. Maybe only a small percentage of it since it allows us to earn more than enough to what we need. Considering the volatility of the market, it could crash anytime just like what happened a few months ago. Moreover, cryptocurrency is not considered a legal tender especially here in my country so I still need to convert it to fiat currency to buy goods and services.