Living on the Bitcoin Standard

[defy]

At a time when Bitcoin is surging and breaking new ATH's regularly and currently $107,022 I am happy to be partially living on "The Bitcoin Standard" and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform.

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

I'm keen to find out is anyone else doing the same through similar platforms?

[MrSpasybo]

At a time when Bitcoin is surging and breaking new ATH's regularly and currently $107,022 I am happy to be partially living on "The Bitcoin Standard" and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform.

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

I'm keen to find out is anyone else doing the same through similar platforms?

I have also read "The Bitcoin Standard" by Saifedean Ammous and quite like the idea of using BTC as a substitute for Gold in a commodity-backed monetary system. However, I am not sure that governments would like this idea, as we have applied it in the past but had to abandon the Gold standard. Governments prefer flexibility and unlimitedness in issuing fiat to have enough budget for public spending, even though they often overspend and cause inflation to worsen.

I think it will be difficult for us to have the Bitcoin Standard in the future, but only see BTC become a strategic reserve asset of countries, similar to the role of Gold today. I also don't think using BTC for micropayments is feasible, people are used to fiat and will continue to use fiat in the future with the encouragement of governments.

[Faisal2202]

At a time when Bitcoin is surging and breaking new ATH's regularly and currently $107,022 I am happy to be partially living on "The Bitcoin Standard" and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform.

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

I'm keen to find out is anyone else doing the same through similar platforms?

I think it would also count as a discount if you converted the Bitcoin price to USD at the time of making the weekly purchase instead of calling it a discount in BTC form. Although its your way and it's really great I am also using BTC for my daily expenses, from like when it was at $50k and did not accumulate after that but a few to get some goods alone.

Now I am spending in BTC but after converting them to dollars via p2p as I don't have any of the facilities here to directly buy products using BTC. I hope it would be count as one too. Overall, till now I did not consider these things as discount but as investment as till now I made more than 2x with my investments and using that money to invest more, but the money I made in BTC is if not getting used then being accumulated but for not more then 1 to 2 month and this time I made like $40 in profit on them it was good and I feel very happy too and now I have to use them to pay the fee haha.

[Findingnemo]

At a time when Bitcoin is surging and breaking new ATH's regularly and currently $107,022 I am happy to be partially living on "The Bitcoin Standard" and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform.

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

I'm keen to find out is anyone else doing the same through similar platforms?

Spending via bitrefil isn't exactly spending the Bitcoin directly but it's the closest thing available to buy whatever things we want. I am more interested in spending Bitcoin directly via on chain on via LN but currently there's no one here is accepting Bitcoin for payments of goods and services. But I feel the days are not that far, my expectations is that we can spend crypto directly around the year 2030.

[Zed0X]

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

If you look at it this way, I guess you don't have to think too much or feel guilty about spending and missing out on the more profit Anyway, you don't have to do this if you have a source of income that pays you in fiat. Keep your BTC as reserve for now until there is such a need to spend it.

[yhiaali3]

I wish I could have this experience but unfortunately here in my country we don't have any platforms or services that I can use to buy daily necessities with Bitcoin. This is really unfortunate.

Good experience although I think most Bitcoin investors don't agree with you because they think it's a big waste to spend precious Bitcoin on cheap daily necessities, I mean Bitcoin is very valuable in the long run and spending it on daily necessities may cause regret to its owner, we all know the story of Bitcoin pizza.

[Azharul]

At a time when Bitcoin is surging and breaking new ATH's regularly and currently $107,022 I am happy to be partially living on "The Bitcoin Standard" and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform.

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

I'm keen to find out is anyone else doing the same through similar platforms?

I am also very glad to see for using this platform. We also saw that general people also best benefits from this situation. Because when we could understand many general people or shopkeeper, who could buy and sell continue to Bitcoin, I think that it will be very helpful for them. Because we can see that bitcoin price is increasing gradually in crypto currency market. So it's price when increasing, then our lifestyle also be change for this reason. So I think that bitcoin will be best profitable for future. So we can invest in this crypto for long time.

[TomPluz]

I think it will be difficult for us to have the Bitcoin Standard in the future, but only see BTC become a strategic reserve asset of countries, similar to the role of Gold today. I also don't think using BTC for micropayments is feasible, people are used to fiat and will continue to use fiat in the future with the encouragement of governments.

The idea behind the "Bitcoin Standard" is quite good but we are living in reality these days and so far while it can be possible for anyone to be a part of this as we now have platforms dealing with infrastructure to make things possible, not many would adopt this as we know that Bitcoin is more of a speculative asset rather than an everyday currency - though maybe in the future this can be possible. Right now, I would rather keep my BTC as I am looking forward for the $150K price mark when I would let go some of my small hoard for personal reasons. What I am more excited is the possibility of Bitcoin to be adopted as reserve alongside popular fiat currencies and gold - this can open up a new era for Bitcoin.

[defy]

At a time when Bitcoin is surging and breaking new ATH's regularly and currently $107,022 I am happy to be partially living on "The Bitcoin Standard" and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform.

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

I'm keen to find out is anyone else doing the same through similar platforms?

I have also read "The Bitcoin Standard" by Saifedean Ammous and quite like the idea of using BTC as a substitute for Gold in a commodity-backed monetary system. However, I am not sure that governments would like this idea, as we have applied it in the past but had to abandon the Gold standard. Governments prefer flexibility and unlimitedness in issuing fiat to have enough budget for public spending, even though they often overspend and cause inflation to worsen.

I think it will be difficult for us to have the Bitcoin Standard in the future, but only see BTC become a strategic reserve asset of countries, similar to the role of Gold today. I also don't think using BTC for micropayments is feasible, people are used to fiat and will continue to use fiat in the future with the encouragement of governments.

You are right of course, using Bitcoin directly for micropayments is not really feasable the use of an intermediatory platform like what I use helps bridge that. and i get it that the majority of people in the world will never use Bitcoin for anything and that in the future it may not be used for purchasing anything at all.

The other argument is that if people can opt for salaries to be paid in Bitcoin they then have to use it in some way for daily micro payments and most likely using a platform like Bitrefill or Strike.

At a time when Bitcoin is surging and breaking new ATH's regularly and currently $107,022 I am happy to be partially living on "The Bitcoin Standard" and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform.

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

I'm keen to find out is anyone else doing the same through similar platforms?

Spending via bitrefil isn't exactly spending the Bitcoin directly but it's the closest thing available to buy whatever things we want. I am more interested in spending Bitcoin directly via on chain on via LN but currently there's no one here is accepting Bitcoin for payments of goods and services. But I feel the days are not that far, my expectations is that we can spend crypto directly around the year 2030.

You are right that I am not buying bread, toilet paper and petrol directly with Bitcoin but the aceptance isnt there yet, it may never be there. 95% of the worlds population dont truly understand Bitcoin eventhough the percentage is arguably the same for those who have heard of Bitcoin.

Spending Bitcoin via a platform is the closest we can get ATM to buying whatever we want with Bitcoin.

I think it will be difficult for us to have the Bitcoin Standard in the future, but only see BTC become a strategic reserve asset of countries, similar to the role of Gold today. I also don't think using BTC for micropayments is feasible, people are used to fiat and will continue to use fiat in the future with the encouragement of governments.

The idea behind the "Bitcoin Standard" is quite good but we are living in reality these days and so far while it can be possible for anyone to be a part of this as we now have platforms dealing with infrastructure to make things possible, not many would adopt this as we know that Bitcoin is more of a speculative asset rather than an everyday currency - though maybe in the future this can be possible. Right now, I would rather keep my BTC as I am looking forward for the $150K price mark when I would let go some of my small hoard for personal reasons. What I am more excited is the possibility of Bitcoin to be adopted as reserve alongside popular fiat currencies and gold - this can open up a new era for Bitcoin.

I think the general thought is that Bitcoin is heading in the direction of being used mostly as a form of capital rather than a currency, something for high net worth individuals to store their wealth in.

[_act_]

At a time when Bitcoin is surging and breaking new ATH's regularly and currently $107,022 I am happy to be partially living on "The Bitcoin Standard" and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform.

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

I'm keen to find out is anyone else doing the same through similar platforms?

Very soon, the human living standard will have to fully depend on bitcoin for our daily transactions instead of fiat at any point, this is our own benefits for using bitcoin in our daily lives, some not using it are not knowing what they are missing out already, we expect that more of things like this continue to take over the financial system and things are going to get more better than before for us all with bitcoin.

[defy]

At a time when Bitcoin is surging and breaking new ATH's regularly and currently $107,022 I am happy to be partially living on "The Bitcoin Standard" and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform.

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

I'm keen to find out is anyone else doing the same through similar platforms?

Very soon, the human living standard will have to fully depend on bitcoin for our daily transactions instead of fiat at any point, this is our own benefits for using bitcoin in our daily lives, some not using it are not knowing what they are missing out already, we expect that more of things like this continue to take over the financial system and things are going to get more better than before for us all with bitcoin.

at best I can say that to benefit the Bitcoin network it will take systems and platforms which are built on the network to be used by us. Thats progress.
For everyone to just HODL is not necessarily a healthy outcome for the network, they more usage we have of Bitcoin the better the network grows and develops, just like me spending my $100 of Bitcoin every week!

[Asiska02]

At a time when Bitcoin is surging and breaking new ATH's regularly and currently $107,022 I am happy to be partially living on "The Bitcoin Standard" and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform.

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

I'm keen to find out is anyone else doing the same through similar platforms?

Spending via bitrefil isn't exactly spending the Bitcoin directly but it's the closest thing available to buy whatever things we want. I am more interested in spending Bitcoin directly via on chain on via LN but currently there's no one here is accepting Bitcoin for payments of goods and services. But I feel the days are not that far, my expectations is that we can spend crypto directly around the year 2030.

2030 is just 6 years away from now and what you’re envisioning could be turned to reality at that time. We have seen how bitcoin has been used more recently than it has in the past, and we will continue to see its adoption and use case in the future as more countries will want to follow the standard of the US President Trump on using bitcoin as a reserve. Bitcoin been accepted directly as a means of payment is one of the best things to happen on this space and when that time comes, people will not have a second doubt to why they should hold bitcoin for the future.

[Baofeng]

At a time when Bitcoin is surging and breaking new ATH's regularly and currently $107,022 I am happy to be partially living on "The Bitcoin Standard" and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform.

At these times while everyday goods are priced in fiat currencies they are getting discounted as Bitcoin rises.

I'm keen to find out is anyone else doing the same through similar platforms?

You are not alone, I know people who really put their money on Bitcoin. And so like every month they will have to get some from their stash to buy groceries an pay their bills.

So when Bitcoin goes up, they are very happy at least they get their money's worth. But we all know that when Bitcoin goes down, maybe it will have a negative effect. But still if they have been buying since the bear market, they are now on the profits and that's what they are withdrawing and so yeah, why not live like that.

[robelneo]

... and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform

I'm keen to find out is anyone else doing the same through similar platforms?

Partially I'm doing it; I'm paying my domain and host and other stuff online through Bitcoin, and there's time that I convert my Bitcoin to fiat so I can pay for my bills. In the future, this will be the normal scenario: people buying and selling using Bitcoin as a mode of payment; some countries are already doing it.
But right now, its important to use other coins than Bitcoin because of the increased price of Bitcoin

[0t3p0t]

... and using Bitcoin to buy weekly groceries etc. with Bitcoin through the Bitrefill platform

I'm keen to find out is anyone else doing the same through similar platforms?

Partially I'm doing it; I'm paying my domain and host and other stuff online through Bitcoin, and there's time that I convert my Bitcoin to fiat so I can pay for my bills. In the future, this will be the normal scenario: people buying and selling using Bitcoin as a mode of payment; some countries are already doing it.
But right now, its important to use other coins than Bitcoin because of the increased price of Bitcoin

Hopefully here in our country it will soon support Bitcoin payment on blue and orange app and other online local e-wallets without even converting into our local currency for convenience because I am personally doing this thing way back in 2017 but since we are in the present times I want to see something new here in our country.