Bitcoin Beyond Just Money

[Nathrixxx]

Do you know that what Fiat cannot gives, we enjoy those benefits with Bitcoin.

Bitcoin is far beyond just money, it is a profitable asset for our financial freedom, which means we can live our desired lifestyle in a more decentralized manner with bitcoin when we less depend on the centralized institutions in controlling our financial economy for us, you can also learn of the story of a man that live his life by spending bitcoin only

Bitcoin has many applicable uses, this is why it is a global digital currency and a multifacet coin that is applicable for both settlement of debt, payments for goods and services, asset of investments, medium of exchange or any means of buying and selling, today we can leave our entire life with the use of Bitcoin as long as we can understand how to engage it on various areas of our daily life.


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[Sticky Bomb]

learn of the story of a man that live his life by spending bitcoin only

This is just an AI result of people who practiced going bitcoin-only for a while and not living their whole life spending only bitcoin. They faced difficulties as is obtainable and could only sustain their experiments for a little while. holding and spending bitcoin is good, but you cannot replace fiat with it, fiat has its own use cases, especially with local and petty activities and in a country like ours where fiat has more acceptance than bitcoin, you can almost not survive going bitcoin-only mode.

today we can leave our entire life with the use of Bitcoin as long as we can understand how to engage it on various areas of our daily life.

This is a lie, we haven't reached that level of adoption, not all businesses accepts bitcoin and most employers of labour and providers of goods and services you'll need may not be open to receiving bitcoin payments, so you most necessarily still need fiat to live a normal daily life and attend to your little local transactions.

[Tongley]

Do you know that what Fiat cannot gives, we enjoy those benefits with Bitcoin.

Bitcoin is far beyond just money, it is a profitable asset for our financial freedom, which means we can live our desired lifestyle in a more decentralized manner with bitcoin when we less depend on the centralized institutions in controlling our financial economy for us, you can also learn of the story of a man that live his life by spending bitcoin only

Bitcoin has many applicable uses, this is why it is a global digital currency and a multifacet coin that is applicable for both settlement of debt, payments for goods and services, asset of investments, medium of exchange or any means of buying and selling, today we can leave our entire life with the use of Bitcoin as long as we can understand how to engage it on various areas of our daily life.


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Bitcoin is definitely better than fiat currency, not only fiat currency, but also 100% better than gold. For example, in terms of international transactions, Bitcoin is definitely better and the rate of inflation is very limited and relatively low compared to fiat currency. Bitcoin is definitely better in all aspects.

medium of exchange or any means of buying and selling, today we can leave our entire life with the use of Bitcoin as long as we can understand how to engage it on various areas of our daily life.

This seems completely imaginary. At present. Because for some reasons, I will not be able to spend my whole life using Bitcoin at present. Such as

The volatility of the Bitcoin market
Transaction fees
etc.

You will definitely not be willing to pay more than your purchase price as transaction fees. Or when you are willing to buy a thing, you may not be willing to buy that product or thing with more BTC than its price. When the volatility of Bitcoin is limited or not, then maybe we will be able to transact for daily life.

[Kelward]

Make I shock you small if you no know, I believe say majority of Bitcoin holders for dis Nigeria, no care so much about privacy and freedom, wetin most of us care about na profit wey we go get in the future if we hodl Bitcoin for many years. And di major reason wey dem de say make we no leave our coins for CEX no be mainly because of KYC requirements wey go expose you private information na because of hacks and bankruptcy, if any of dem happen to di exchange your coins don enter voicemail. Despite KYC requirements centralized exchanges de very popular for Nigeria, even around di world.

Bitcoin de decentralized and na hedge against inflation, if you hold am for none custodial wallet na your personal property im be so na confirmed privacy and freedom be dat. But di point be say even if Bitcoin de centralized and e get reputation say investors go get profit after every 4 years many people go still hold am because na di profit dem de after. If you comot profit for Bitcoin matter and e remain only privacy and freedom I no think say di adoption go reach where e de today. So privacy and freedom na secondary reasons why many people de hold Bitcoin, di primary reason na profit, na so I take see am.

[Silverstonez]

Make I shock you small if you no know, I believe say majority of Bitcoin holders for dis Nigeria, no care so much about privacy and freedom, wetin most of us care about na profit wey we go get in the future if we hodl Bitcoin for many years.

Thank you for this Sharp one, but not only Nigerians. Many people all over the world do not really give a fuck about privacy and freedom as we think. They are just after the profit they can make from Bitcoin, only few persons care about privacy and freedom.
If we go into details we are going to discover that the number of people who are holding Bitcoin in their custodia wallets are More than those who are spending it in their daily life. Yes, Bitcoin is beyond money because people have discovered others better ways to use it.

[Nathrixxx]

Make I shock you small if you no know, I believe say majority of Bitcoin holders for dis Nigeria, no care so much about privacy and freedom, wetin most of us care about na profit wey we go get in the future if we hodl Bitcoin for many years.

I agree with you, but I also have to remind you that everybody are not having the same impression about Bitcoin in this way because we are not inclined in the same direction on bitcoin approach, some people are definitely about making profit from it while they don't even mind what they are taking at risk in using bitcoin, but for someone like me and you who already have the experience of what differentiates bitcoin from the traditional currency we use will make us not to afford bitcoin without being privacy conscious, because the time is coming everything will be as the way we all use Fiat currency today when bitcoin already submerged.

[Hustle2025]

Although many people only think of Bitcoin as digital currency, its influence extends well beyond the ability to send and receive money. Bitcoin is a cutting-edge technology that supports decentralization, security, transparency, and financial freedom.
In addition to being a store of value, Bitcoin facilitates financial inclusion by enabling individuals to access a worldwide financial network independently of traditional banks. Its blockchain technology encourages innovation in a variety of industries by offering a transparent and safe record of transactions.

Additionally, learning about economics, digital security, personal accountability, and wealth preservation is encouraged by Bitcoin. For many, it's more than just an investment; it's a shift toward more financial control and involvement in a global digital economy.
Bitcoin is more than just money; it's innovation, technology, education, and a doorway to a more transparent financial future.

[Cityhunter34]

Make I shock you small if you no know, I believe say majority of Bitcoin holders for dis Nigeria, no care so much about privacy and freedom, wetin most of us care about na profit wey we go get in the future if we hodl Bitcoin for many years.

Thank you for this Sharp one, but not only Nigerians. Many people all over the world do not really give a fuck about privacy and freedom as we think. They are just after the profit they can make from Bitcoin, only few persons care about privacy and freedom.
If we go into details we are going to discover that the number of people who are holding Bitcoin in their custodia wallets are More than those who are spending it in their daily life. Yes, Bitcoin is beyond money because people have discovered others better ways to use it.

The truth be say we can never compire the oyibo Dem with Nigerians when you talk of privacy, na Dem value am pass us well, no be say I dey talk am make e sweet for my mount. Na the profit wey dey involved wey dey always value, so no be new thing again. Of course, na only few people wey dey spend their Bitcoin, but without even told we supposed value privacy more than anything else because e dey very important for our Bitcoin investment, no two ways about it.

[Ashawowo(OS)]

Make I shock you small if you no know, I believe say majority of Bitcoin holders for dis Nigeria, no care so much about privacy and freedom, wetin most of us care about na profit wey we go get in the future if we hodl Bitcoin for many years. And di major reason wey dem de say make we no leave our coins for CEX no be mainly because of KYC requirements wey go expose you private information na because of hacks and bankruptcy, if any of dem happen to di exchange your coins don enter voicemail. Despite KYC requirements centralized exchanges de very popular for Nigeria, even around di world.

Bitcoin de decentralized and na hedge against inflation, if you hold am for none custodial wallet na your personal property im be so na confirmed privacy and freedom be dat. But di point be say even if Bitcoin de centralized and e get reputation say investors go get profit after every 4 years many people go still hold am because na di profit dem de after. If you comot profit for Bitcoin matter and e remain only privacy and freedom I no think say di adoption go reach where e de today. So privacy and freedom na secondary reasons why many people de hold Bitcoin, di primary reason na profit, na so I take see am.

You've a point, most people are only after profits in bitcoin holding, and most people are not yet looking forward to using only bitcoin for their activities because they don't see it as real money, but only hold it and sell when it's profitable. Another reason people use CEX, especially those receiving sig. campaign payment from my observation is because of traces, when they already receive in a CEX, they can send across each other without it being shown on-chain and they can do that without fees as long as it is on the platform and when they withdraw to other addresses, it is the CEX address that is seen withdrawing, so they avoid onChain linking with CEXs as well as save on fees, but at the expense of loosing their precious coins when the platform files for bankruptcy or crashes.

[Cryptomultiplier]

Nice post. You however didn't acknowledge the fact that we live a country that is yet to upgrade up to the level where you only spend Bitcoin for daily payments and transactions. Even if the government acknowledges Bitcoin right now and can allow it for taxes and payments of remittances, you can't just walk into a big super store and demand to pay for your shopping in Bitcoin.
Oga, you go must swap am to Naira o.

Imagine so many scenarios that can happen all at once in this country when you are known to only spend Bitcoin instead of Naira as regular Nigerians do.
Omo, you no fit dey safe from kidnapping, thieves, even your own family and friends sef go be witch all of a sudden.

[Tetu100]

today we can leave our entire life with the use of Bitcoin as long as we can understand how to engage it on various areas of our daily life.

This is a lie, we haven't reached that level of adoption, not all businesses accepts bitcoin and most employers of labour and providers of goods and services you'll need may not be open to receiving bitcoin payments, so you most necessarily still need fiat to live a normal daily life and attend to your little local transactions.

That is true, bitcoin acceptance in Nigeria is not actually up to that very standard that the op is talking about, even though their are some few people  that due accepts bitcoin as legal tender but not everyone and it hardly happen. The point is that fiat has is own unique function which is for the means of exchange for goods and service and bitcoin can't completely accomplish that purpose.

[Mhizlove]

Make I shock you small if you no know, I believe say majority of Bitcoin holders for dis Nigeria, no care so much about privacy and freedom, wetin most of us care about na profit wey we go get in the future if we hodl Bitcoin for many years. And di major reason wey dem de say make we no leave our coins for CEX no be mainly because of KYC requirements wey go expose you private information na because of hacks and bankruptcy, if any of dem happen to di exchange your coins don enter voicemail. Despite KYC requirements centralized exchanges de very popular for Nigeria, even around di world.

Bitcoin de decentralized and na hedge against inflation, if you hold am for none custodial wallet na your personal property im be so na confirmed privacy and freedom be dat. But di point be say even if Bitcoin de centralized and e get reputation say investors go get profit after every 4 years many people go still hold am because na di profit dem de after. If you comot profit for Bitcoin matter and e remain only privacy and freedom I no think say di adoption go reach where e de today. So privacy and freedom na secondary reasons why many people de hold Bitcoin, di primary reason na profit, na so I take see am.

Your point is realistic because, the truth is that alot of people go into bitcoin because of the profit and the financial survival, especially in a country where the economy is hard for the people and also there is inflation. For holders freedom and privacy comes later on after when they have spend a lot of time to understand how the space really works. That's when people do experience issues like currency situations, withdrawal limits and frozen account before they will now value decentralisation and self custody deeply or more seriously. So you see profit can attract alot of people into bitcoin space but the thing that usually change there mindset over time is the experience along the way

[Nathrixxx]

You however didn't acknowledge the fact that we live a country that is yet to upgrade up to the level where you only spend Bitcoin for daily payments and transactions.

We are getting there gradually, no one no bitcoin could have achieved to this extent by now in terms of global adoption, considering the way which time is well recognized in Nigeria and how the citizens have more partinent to using it as well, a time is coming that we will all have a reason to reference a thread like this 

[Donneski]

Because of how Bitcoin price have significantly "pumped" over the years, so many people has limited it to just an investment asset without knowing that it's also the perfect exit strategy from systematic flaws of fiat currency. Because of inflation, people who save in our local currency see the value of their assets depreciating on daily basis but with Bitcoin, we get the opportunity of owning our wealth in a decentralized system. The sovereignty that Bitcoin offers is what financial freedom actually mean.

[Mate2237]

Well amazing stories but the truth is in a country like Nigeria it will be very difficult for an individual to live solely on Bitcoin because, even though that crypto currency has been on the increase  we are still far from integrating it into our market. If you want to live only on Bitcoin the question you should ask ourselves is how many businesses in Nigeria accept Bitcoin for payment.


These people were able to live only on Bitcoin because, over there Bitcoin is more integrated into their society because, you can easily get access to Bitcoin services when ever you wants to do a transaction relating to Bitcoin such as Bitcoin ATM machines which is not easily accessible here in Nigeria. So in reality it's difficult for one to live solely on Bitcoin here in Nigeria.

[Creeper0]

There is probably no situation in the world where Bitcoin is used for daily transactions and payments for daily needs. Especially in Nigeria, Bitcoin is not yet so widespread that you can buy any product you want or complete all kinds of transactions. That is, it is not yet possible to replace fiat in Nigeria, you will have to pay fiat in most shops in the market. Fortunately, you may find very few shops or vendors who accept Bitcoin, I think you may not find such vendors or shopkeepers. Although Bitcoin payments are accepted in some parts of the world, complete control over Bitcoin is not possible.

[Ndabagi01]

Bitcoin has many applicable uses, this is why it is a global digital currency and a multifacet coin that is applicable for both settlement of debt, payments for goods and services, asset of investments, medium of exchange or any means of buying and selling, today we can leave our entire life with the use of Bitcoin as long as we can understand how to engage it on various areas of our daily life.

Bitcoin get many benefits wey e dey attached to but most times, our minds dey limited and focus on one direction without actually trying to explore every part of bitcoin. Wetin you mention above plenty wey bitcoin dey give us as benefits, but las las our people never really understand and utilize other parts and their main focus all come remain on top say them just wan invest and keep the asset till e grow reach the stage wey them fit take profit.

This people no know or no no pay attention say Bitcoin from invention na to use am as another source of making payment and transaction on a daily basis. Their mindset na on top say bitcoin go be wetin them fit use make more money through. This na the fact but the primary aim of the whole idea never still dey established to the fullest which e no really matter as far as say adoption dey go on and more people dey buy bitcoin.

[Mr Reporter]

Do you know that what Fiat cannot gives, we enjoy those benefits with Bitcoin.

Bitcoin is far beyond just money, it is a profitable asset for our financial freedom, which means we can live our desired lifestyle in a more decentralized manner with bitcoin when we less depend on the centralized institutions in controlling our financial economy for us, you can also learn of the story of a man that live his life by spending bitcoin only

Bitcoin has many applicable uses, this is why it is a global digital currency and a multifacet coin that is applicable for both settlement of debt, payments for goods and services, asset of investments, medium of exchange or any means of buying and selling, today we can leave our entire life with the use of Bitcoin as long as we can understand how to engage it on various areas of our daily life.


link

Bitcoin has become more than just money to many people around the world, it a way of freedom to control their own money without relying completely on banks and especially in places where inflation is high and local currencies keep losing value and bitcoin has encouraged many people to learn about saving, investing and economics, for many supporters the biggest impact of bitcoin is not only about making money, it is being patience, independent thinking and understanding how financial systems work and that is why many people describe bitcoin not just as a currency, but as a movement and a new way of thinking about money.