Living on the Bitcoin Standard

[robelneo]

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.

All popular payment processors here in our country have the same features; no one is bold enough to implement a feature where you can directly buy without converting. If only one of them will implement this, there will be many users, and the local crypto community will support it. They do not study the possibility they are ok with the old and same structures.

[Bobcrypto]

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 that the era of Bitcoin standard may take long to materialize, but gradually this is possible, it may requires extended awareness and adoptions to effectively come to reality in my opinion.
As we knew, anything can happen especially within the crypto ecosystem, and besides the that fact that the market is volatile, Bitcoin is gaining value by the day. I won't be surprised that Bitcoin becomes a standard despite some speculative attributes. I think that Bitcoin is making progress, new developments will definitely come in the future that may also increase the possibility to make it a standard.

[omori]

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.

All popular payment processors here in our country have the same features; no one is bold enough to implement a feature where you can directly buy without converting. If only one of them will implement this, there will be many users, and the local crypto community will support it. They do not study the possibility they are ok with the old and same structures.

Why try to test things out if everything if working fine already?
That's the logic and can be pretty stubborn to overcome..

[0t3p0t]

All popular payment processors here in our country have the same features; no one is bold enough to implement a feature where you can directly buy without converting. If only one of them will implement this, there will be many users, and the local crypto community will support it. They do not study the possibility they are ok with the old and same structures.

Exactly and that would be beneficial for both users and the platform to offer that kind of services to have atleast get more options especially in the advancement or innovation of crypto payments integrated to any of these payment processors. We all want convenience especially us who are into crypto.

Why try to test things out if everything if working fine already?
That's the logic and can be pretty stubborn to overcome..

Well, that is for me just adopting the evolution of payment systems as we all know the more options the merrier. Humans want convenience no one can stop the evolution of payment systems. When consumers suggest something, the business owners should make feasibility study for a possible product they can offer to solve any shortcomings and I think that is how business works. Here in our country, crypto investors and enthusiasts are quite increasing so maybe they have to think about that.

[Aanuoluwatofunmi]

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?

With bitcoin, we can achieve any plan we are working towards in life, most especially when it comes to our financial economy, bitcoin has been seen well equip with the potentials to make profits over our investment in it as the market rises, unlike we can have in fiat whereby we tend to gain nothing at any season at hand no matter how we are holding, hence bitcoin is best for use in terms of economy uncertainties.

[tequilla_sunset]

Well, that is for me just adopting the evolution of payment systems as we all know the more options the merrier. Humans want convenience no one can stop the evolution of payment systems. When consumers suggest something, the business owners should make feasibility study for a possible product they can offer to solve any shortcomings and I think that is how business works. Here in our country, crypto investors and enthusiasts are quite increasing so maybe they have to think about that.

Not many try to make things differently.
I do hope your words would be what more people would think regarding BTC, but for now - the situation has lots to improve upon.

[bayu7adi]

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 this kind of mindset is very reasonable, because Bitcoin users come from various kinds and seeing the number of speculators vs real users for the utilization of bitcoin use cases, I think both are not balanced... it is natural if we see many people who do not even know the original function of Bitcoin, but only for price speculation...

In real life, the profit from trading is very legit and makes you happy... yes, getting money realistically is more interesting than using Bitcoin as an idealist (in my opinion)..But I do not mean to invite people not to use bitcoin as a means of transaction... in fact I recommend it... because using bitcoin as a transaction is part of an ecosystem that can accelerate the growth of bitcoin as well.

[bitterguy28]

I think this kind of mindset is very reasonable, because Bitcoin users come from various kinds and seeing the number of speculators vs real users for the utilization of bitcoin use cases, I think both are not balanced... it is natural if we see many people who do not even know the original function of Bitcoin, but only for price speculation...

anyone who only uses bitcoin for speculation and profit and does not know its very first purpose which is to be used for transactions means that they do not really understand bitcoin down to its very core this is very dangerous because not understanding how or why bitcoin operates this way or why it even has value in the first place would certainly lead someone to making the wrong decisions later on and would have the wrong concept of bitcoin in their heads

But I do not mean to invite people not to use bitcoin as a means of transaction... in fact I recommend it... because using bitcoin as a transaction is part of an ecosystem that can accelerate the growth of bitcoin as well.

bitcoin was created for this very reason so it only would make sense if we continue to use bitcoin the way satoshi intended

[enwi]

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?

With bitcoin, we can achieve any plan we are working towards in life, most especially when it comes to our financial economy, bitcoin has been seen well equip with the potentials to make profits over our investment in it as the market rises, unlike we can have in fiat whereby we tend to gain nothing at any season at hand no matter how we are holding, hence bitcoin is best for use in terms of economy uncertainties.

Bitcoin is indeed capable of rewarding investors who have the right approach towards investing in it. It remains a lucrative product that is on the rise to date and is suitable for individuals who wish to safeguard their provisions against economic fluctuations. Since bitcoin is a form of currency, it can also be vulnerable to inflation, however, the supply is limited unlike fiat money meaning it cannot depreciate for a long-term. However, there are those who believe that its prices are unpredictable in the short-run though in the long-run the market believe that bitcoin has a good future. As long as you do not heavily invest in it and it is not an only form of money bitcoin can be a part of financial instrument giving one more level of advantages than just keeping amount of money in fiat.

[bitterguy28]

Since bitcoin is a form of currency, it can also be vulnerable to inflation, however, the supply is limited unlike fiat money meaning it cannot depreciate for a long-term.

it is not vulnerable to bitcoin at all in fact it is even used to hedge against inflation it is and will not be affected by centralized banks because it is not issued there and its system of halving allows its supply to reduce leading to a continuous rise of price

As long as you do not heavily invest in it and it is not an only form of money bitcoin can be a part of financial instrument giving one more level of advantages than just keeping amount of money in fiat.

what does heavily invest mean? invest as much as you can in bitcoin since we have seen how beneficial it can be whether you want to use it as a currency or as an investment opportunity

[bitcoin-shark]

Can one live only with cryptocurrencies and with bitcoin in particular? well yes, through coupon sites like bitrefill or even with crypto-based debit cards, it is possible to do your everyday shopping using only cryptocurrencies,is an alternative way of living

[vegasus]

Can one live only with cryptocurrencies and with bitcoin in particular? well yes, through coupon sites like bitrefill or even with crypto-based debit cards, it is possible to do your everyday shopping using only cryptocurrencies,is an alternative way of living

Maybe there is something out there. But unfortunately in my country, it is not possible yet. Cryptocurrency can still only be a commodity asset, can be used for trading and also investment in exchanges. But to be used as a means of payment, hmm, it seems still far from that, because it is still illegal. But thankfully, crypto itself is legal as a commodity asset so we are free to do it without having to hide. It would be much better if crypto, especially BTC could be used as one of the legal means of payment here, but it seems we have to be more patient to wait for that time to come.

[bhadz]

To be honest, the more the price of Bitcoin increases, the more that I want to just keep on holding it and that's why spending it on groceries might be fine. But even if I want to, I just want to keep them. While before, several years ago, I don't mind wherever I am spending it and I've done that for so many times through online purchases but now the thought and decision has been different due to the fluctuation and high price that we're having with it.

[Z-tight]

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

It is great that merchants that accept BTC as payment give discounts to customers that are willing to pay with BTC. Doing that will encourage customers to pay with BTC, though it may not be much, because BTC will be a store of value rather than a currency for most, but it is still a great gesture by merchants.

[JunaidAzizi]

Bitcoin covers days and years toward world adoptability and is trying to normalize things with its price. There will be good opportunities that will come after Bitcoin's adoptability, like the fiat one which is acceptable all over the world. People will have the choice to choose one currency for buying goods, fiat or Bitcoin, as per the market needs and suitability for the customers. The more institutions and retailers support Bitcoin in daily life and are able to purchase real-world things with it, the more people will be brought into it.