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Author Topic: Your Bitcoin income from signature campaign or other bitcoin related services  (Read 44 times)
Ucy (OP)
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Today at 01:35:43 PM
 #1

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.
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.

If you make $300 in bitcoin a month from signature campaigns or by providing other Bitcoin related services, you can comfortably spend part of that on things you need by visiting an online marketplace/shop, find local seller of things you need, pay with bitcoins (or escrow the bitcoins), get what you paid for at seller's physical location and release the escrowed bitcoins. Alternatively you could pay with Bitcoin debit card before you are allowed to leave with your goods. But you should be careful with this unless the seller is mobile or discreet enough. I don't recommend this if didn't earn the bitcoins (outside of the system).

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

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Today at 03:42:04 PM
 #2

Before you pay for anything using Bitcoin to support the Bitcoin economy understand what the law says about Bitcoin in your country, there are some countries that Bitcoin isn't legal to be used as a means of exchange yet, in those countries rather than getting into trouble it's best to convert to fiat and use.
I support Bitcoin economy hundred percent but the law has to be abide.
Not just the law also your own safety, wrench attacks are rising now so you need to protect your identity where necessary.

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Today at 06:01:17 PM
 #3

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.

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Today at 06:48:24 PM
 #4

Before you pay for anything using Bitcoin to support the Bitcoin economy understand what the law says about Bitcoin in your country, there are some countries that Bitcoin isn't legal to be used as a means of exchange yet, in those countries rather than getting into trouble it's best to convert to fiat and use.
I support Bitcoin economy hundred percent but the law has to be abide.
Not just the law also your own safety, wrench attacks are rising now so you need to protect your identity where necessary.
most countries that do not support bitcoin do not even make it easy for you to transact bitcoin as exchange especially for goods and services. In such cases, you will just have to keep using fiat for your every day conversations where you use bitcoin as a means of storage of your value. The position of the exchangers such as the Bybit and other exchangers is to make your payments easy using bitcoin regardless of the legal status of the bitcoin in your country. I don't see my country accepting bitcoin any time soon but hope to see a bitcoin friendly ecosystem built in the country backed by the support of the government across all levels.

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