richie12 (OP)
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February 07, 2015, 06:02:16 PM |
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Does anyone make a living using bitcoin as their main transactional currency for normal trading in services/goods? (Not exchanges and not gambling.) I find the the fact it is naturally international very attractive as a means of exchange, but find some of the claims a bit wild which puts me off.
I got to an early prototyping/alpha stage last year with a project and it failed to go anywhere. (I learned a lot, and got a new job in development, so not a waste of time).
I was wondering whether to put any more time into it.
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4ever
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February 07, 2015, 06:04:41 PM |
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Does anyone make a living using bitcoin as their main transactional currency for normal trading in services/goods? (Not exchanges and not gambling.) I find the the fact it is naturally international very attractive as a means of exchange, but find some of the claims a bit wild which puts me off.
I got to an early prototyping/alpha stage last year with a project and it failed to go anywhere. (I learned a lot, and got a new job in development, so not a waste of time).
I was wondering whether to put any more time into it.
Well a lot of people did sign up for services like bitwage and are paid in bitcoin.So its definitely expanding. The use also depends on what part of the world you are based in. |
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manselr
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Activity: 868
Merit: 1004
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February 07, 2015, 06:49:14 PM |
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Personally I have never seen real life usage of BTC, only histories of people using it.
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Shattered
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February 07, 2015, 06:53:38 PM |
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I think the core problem currently is that most employers dont know the vast advantages of payment to employees with bitcoin.
We currently have an information problem. The current media isnt interested in reporting stories on BTC for various reasons, and the few times that they do have a story its usually negative in nature.
This will all change with time IMHO, i just wish the change will happen sooner rather than later...
I personally dont think its too far fetched to have great deal amount of people being paid, at least a portion of their salaries in crypto in the near future.
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picolo
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February 07, 2015, 07:21:38 PM |
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Does anyone make a living using bitcoin as their main transactional currency for normal trading in services/goods? (Not exchanges and not gambling.) I find the the fact it is naturally international very attractive as a means of exchange, but find some of the claims a bit wild which puts me off.
I got to an early prototyping/alpha stage last year with a project and it failed to go anywhere. (I learned a lot, and got a new job in development, so not a waste of time).
I was wondering whether to put any more time into it.
The beauty of an investment like Bitcoin is that you can invest and not put any more time in it than needed to store safely your bitcoins. |
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jbrnt
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February 07, 2015, 08:59:41 PM |
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There is real world use of bitcoin if you live in the US. Most large merchants accepting bitcoin if you live in the US. Users like us from the "rest of the world" can only buy gift cards with bitcoins and spend them as fiat. There is nearly no highstreet shops which accepts bitcoin. I hope this will change very soon.
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neurotypical
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February 07, 2015, 10:10:16 PM |
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I think the core problem currently is that most employers dont know the vast advantages of payment to employees with bitcoin.
We currently have an information problem. The current media isnt interested in reporting stories on BTC for various reasons, and the few times that they do have a story its usually negative in nature.
This will all change with time IMHO, i just wish the change will happen sooner rather than later...
I personally dont think its too far fetched to have great deal amount of people being paid, at least a portion of their salaries in crypto in the near future.
You are assuming the employees would like to be paid in bitcoin. Probably they find it odd to be paid in a currency thats so volatile and it's not attractive for them so they'd rather get paid with fiat. |
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troleybüs
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Activity: 1424
Merit: 1001
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February 07, 2015, 10:14:01 PM |
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I think Bitcoin is the best solution for international money transfers and online shopping. I don't find it useful for grocery shop or go buying beer in a market. If I want to buy something from Aliexpress/eBay etc. I prefer to pay with Bitcoin though.
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cellard
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Activity: 1372
Merit: 1252
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February 07, 2015, 10:53:22 PM |
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Personally I have never seen real life usage of BTC, only histories of people using it.
I saw a guy buying some coffee and a diary in NYC from a shop that had a small mark that said "bitcoin is accepted here". Cute. |
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kolloh
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Activity: 1736
Merit: 1023
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February 07, 2015, 11:03:42 PM |
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I've yet to see any local places accepting bitcoin, but always on the lookout. I know their are some sites that will show you local places that accept bitcoin.
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fonzie
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February 07, 2015, 11:24:33 PM |
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Drugs, child porn, assassins, terrorism, ponzi schemes, scammers.  |
"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi |
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BittBurger
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February 07, 2015, 11:47:24 PM |
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Holy f*ck this entire thread is one big signature banners billboard.
Why do the site owners allow this? Unbelievable.
-B-
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picolo
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February 07, 2015, 11:56:23 PM |
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There is real world use of bitcoin if you live in the US. Most large merchants accepting bitcoin if you live in the US. Users like us from the "rest of the world" can only buy gift cards with bitcoins and spend them as fiat. There is nearly no highstreet shops which accepts bitcoin. I hope this will change very soon.
More than 50 000 internet companies accept Bitcoin through Bitpay : https://bitpay.com/integrations |
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nextblast
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February 08, 2015, 01:49:36 AM |
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Just like the e-commerce days,
it needs a lot of time from tech emerge and user adoption.
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ranochigo
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Activity: 2968
Merit: 4193
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February 08, 2015, 02:47:01 AM |
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AFAIK there is a newly married couple who went around the world solely on Bitcoin. The website is here: http://lifeonbitcoin.com/. It actually turned out to be pretty successful. It is actually possible for people to live of bitcoin as the adoption rate rises. |
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Shattered
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February 08, 2015, 04:30:20 AM |
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I think the core problem currently is that most employers dont know the vast advantages of payment to employees with bitcoin.
We currently have an information problem. The current media isnt interested in reporting stories on BTC for various reasons, and the few times that they do have a story its usually negative in nature.
This will all change with time IMHO, i just wish the change will happen sooner rather than later...
I personally dont think its too far fetched to have great deal amount of people being paid, at least a portion of their salaries in crypto in the near future.
You are assuming the employees would like to be paid in bitcoin. Probably they find it odd to be paid in a currency thats so volatile and it's not attractive for them so they'd rather get paid with fiat. And you are assuming that massive adoption would not help price stabilization. The truth of the matter is that we will never know until it happens, and i for one think it will eventually happen. |
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687_2
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February 08, 2015, 02:40:28 PM |
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Does anyone make a living using bitcoin as their main transactional currency for normal trading in services/goods? (Not exchanges and not gambling.) I find the the fact it is naturally international very attractive as a means of exchange, but find some of the claims a bit wild which puts me off.
I got to an early prototyping/alpha stage last year with a project and it failed to go anywhere. (I learned a lot, and got a new job in development, so not a waste of time).
I was wondering whether to put any more time into it.
Yes, I use BTC to buy a lot of things via Brawker. The only trouble you'll have there is when dealing with merchants that don't have accurate inventory systems or with products that may sell out quickly. I always buy cell phone minutes via bitrefill.com - I love that service. I have also used services like coincrack.com which I use less frequently but I find valuable. I also made some small donations to groups like the EFF, which I never would have done before BTC came along. I also bought my Trezor directly with BTC, and I love that system. I do a lot of international business so I am constantly looking for opportunities to spend BTC and avoid local currencies. BTC really is the perfect global currency. |
Buy the dip with the security and privacy of your own wallet: use cross chain atomic swaps to trade Bitcoin, USDT, and Ether. Trades are secured and settled on-chain. https://sibex.io |
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prosperkatula
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February 08, 2015, 02:43:45 PM |
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i think bitcoin really has potential in countries where there is hyper inflation & high transactional costs
but lets fix the wallet, lets make a wallet that is easy for even a child to use
fix that and bitcoin will have more widespread usage
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AtheistAKASaneBrain
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February 08, 2015, 02:56:20 PM |
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What we need is more and more and more merchants accepting btc in everyday uses and not only in internet based services.
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Finchy
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February 08, 2015, 03:27:41 PM |
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i think bitcoin really has potential in countries where there is hyper inflation & high transactional costs
but lets fix the wallet, lets make a wallet that is easy for even a child to use
fix that and bitcoin will have more widespread usage
What needs fixing about the wallet? I don't think beginners should use the QT wallet but the lite clients or blockchain.info seems pretty simple to grasp. Blockchain.info isn't really that much different from PayPal really. |
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