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Author Topic: Your Bitcoin income from signature campaign or other bitcoin related services  (Read 212 times)
aoluain
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Today at 08:06:04 PM
 #21

The ideal situation is for more and more people to get their weekly/monthly salary paid in
Bitcoin let alone a signature campaign. That way there would be a greater demand from
vendors to accept Bitcoin as payment for their goods and services.

Your Bitcoin income from signature campaign or other bitcoin related services should be channeled into Bitcoin economy
What a better way to spend your bitcoin income than using it to pay for goods and services in Bitcoin economy.

It depends on what you want or need and the availability of the marketplace in your location; I can only pay part of my income from the signature campaign on domain registration, hosting, and VPN, but for my basic needs I still need to trade it for fiat.

There is no marketplace in our area where we can directly spend Bitcoin on what we want and need. I wish we had a marketplace that offers the option to pay with Bitcoin, so I don't have to trade my Bitcoin and do it directly.


I am in the same situation, I pay me email and VPN subscription with Bitcoin but thats about
it. Where I live there is no demand from the public to pay with Bitcoin so vendors feel they
dont have to create another payment option.

Its a bit like Chicken and egg. There cannot be one without the other and which comes first,
the offer from the vendor or the demand from the public.?

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Today at 08:27:50 PM
 #22

This is one of the most safest ways to navigate the system without worrying too much about present or future consequence from governments.  You earned the bitcoins in bitcoin economy, and the seller doesn't need to put up "Bitcoin accepted here" sign physically
Yes, it will be safe, but if Bitcoin can’t be use in place of fiat then it will not be accepted as many people accept it and tends to invest in Bitcoin as their savings so that when they make profit they can sell their Bitcoin into fiat and use it because so many people earn only from Bitcoin related services, so if you are proposing for the money to only be spent in Bitcoin platforms and shops, then how can they survive?

It is good to make payment using Bitcoin because it encourages adoption globally; but it is an alternative means of payment that is not yet accepted globally because some countries are yet to accept it, so let’s earn in Bitcoin and use fiat instead.

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Hamza2424
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Today at 08:43:55 PM
 #23

This is one of the most safest ways to navigate the system without worrying too much about present or future consequence from governments.  You earned the bitcoins in bitcoin economy, and the seller doesn't need to put up "Bitcoin accepted here" sign physically
Yep, when we are doing P2P, we usually have to go through banks and centralized platforms, which we might want to avoid in the first place so we can make money and receive our paychecks in the form of Bitcoin. I have heard, if I am not wrong, that YouTube has some cryptocurrency integration, but they did not integrate BTC, maybe only stablecoins. If that's true, it was old news. I am not sure if it was YouTube or some other platform.

But these platforms should also give us the option to receive our payments in our preferred form, like BTC or ETH, etc.

Anyway, these signature campaign Bitcoins really give us an edge because we do not have to connect them to our personal lives. We can do whatever we want with them.

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EluguHcman
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Today at 10:15:40 PM
 #24

What a better way to spend your bitcoin income than using it to pay for goods and services in Bitcoin economy.
That is what you should do If for example your governments prevent you from swapping your fiat money for Bitcoin to pay for goods and services in Bitcoin Shops or Marketplaces. Afterall, you didn't earn the Bitcoin from fiat economy so they can't really prevent you from spending it in the economy you made it from.
In a state where your government does not support any exchange for P2P were you trade your Bitcoin for the fiat but Bitcoin is legal for individual use for payments of goods and services, i don't think the option of spending your acquired Bitcoin on signature campaign or any means of earning it freely should be a point of discussion in this topic.

Hence, Bitcoin is Bitcoin, you can still spend the one you bought, gifted or acquired otherwise and the other party you are transacting with will still accept it.

Even if you mean a state where Bitcoin is fully banned and you have a party that is willing to accept it for payment, of course you can still spend the Bitcoin in your wallet at which ever way you acquired it.
You just have to spend the Bitcoin directly without having to trade it to fiat before spending it.











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