pull down to refresh
0 sats \ 0 replies \ @hustler OP 1h \ parent \ on: From Dollars to Sats: A Shift in Mindset? bitcoin
Could you please link me to that post
Actually the stability factor is a relative phenomenon right? For example if we take fiat out of the equation altogether, satoshis as a stand-alone currency wouldn't fluctuate (because we don't compare it with anything else) but increase in value steadily as Bitcoin is a deflationary asset. Value of Sats would then be determined by the market participants within the economy. Some kind of standardization will be a game changer. Moreover USD has been losing its value in the long-term to Bitcoin. I would not mind ditching fiat if I can pay in Bitcoin everywhere.
0 sats \ 0 replies \ @hustler OP 1h \ parent \ on: From Dollars to Sats: A Shift in Mindset? bitcoin
Yeah right 😁
0 sats \ 0 replies \ @hustler OP 1h \ parent \ on: From Dollars to Sats: A Shift in Mindset? bitcoin
But what if you were to earn only Bitcoin as income. Would the volatility bother you a lot?
11 sats \ 0 replies \ @hustler OP 22h \ parent \ on: From Dollars to Sats: A Shift in Mindset? bitcoin
I wish there comes a day the whole world transacts purely based on sats 🙂
You cannot say he's done nothing to support bitcoin adoption. He has website to guide people how to transact using Lightning network. But yeah his suggestions are not practical though.
So basically as per point number 6 you say that I should not educate my children because none of the schools accept BTC in my country. Duh! I support your love for bitcoin man because I love it too. But think practically! If I should ditch business and institutions that accept only fiat, I cannot educate my children. My wife will file a divorce if I don't give my children good education.
This guy says fiat is a scam and when I continuously ask if he never uses Fiat, no answer! He just doesn't understand that it is almost impossible to avoid fiat especially for someone living in a third world country. If I earn in BTC and if not everyone accepts it, I just cannot spend it where I need. You cannot force it. It is a long gradual process. I am doing my part as well to help a few small merchants accept btc. I am still waiting for his answer about how to survive without using Fiat. I want to learn. I would be more than happy if there's a way!
I don't think Bitcoin is so fragile. The reason Satoshi never appeared in public is because everything was already done and Bitcoin would sustain no matter what.
I earn in Bitcoin, because I accept it. But if I want to pay someone, that person doesn't accept it especially in a third world country. I cannot force it on them. I can only convince a few merchants to make them accept btc and help them with their website. Until then I cannot say I won't use Fiat. Now you promise me in the name of Satoshi that you never made a single Fiat transaction in the last month.
Okay tell me how to convince everyone to use only bitcoin and make them ditch fiat. First of all can we live without fiat as per current scenario
Man this place is so toxic. I came here to learn a thing or two and share my experience. But many rude people here. I respect what you are contributing to the community, but bullying people who are starting off? Well done
Again not everyone understands everything from day one. I don't know what's your problem. If you don't like who I am, just ignore me.
I've helped a few business owners accept lightning BTC on their WordPress website by using some open source solutions. Not everybody is as genius as you. There are dumb people like me as well. And we can only do what we are capable of.
You cannot expect the whole world to move how you want it to move. You don't understand that do you? First tell me you never use fiat and I'll respect you and learn from you. Ofcourse I love bitcoin and I don't trade shit coins. You cannot attack some one for using fiat.
So tell me, if you earn in BTC, how would you spend it, if you live in a country where crypto adoption is not yet happening? So you don't do fiat transactions at all? How do you manage to do that? Please teach me as well
In many countries especially India people's bank accounts are frozen if they deal their bitcoins to cyber criminals. The dirty money of those scammers end up in their accounts leading to the freeze. Just google and you'll know it. It's not easy for people in many countries.
I re-checked their website. For the virtual Visa cards the charges are like: 1% for Transaction fee. 1.2% for payments made in currencies other than USD. If I pay in USD, I just pay 1%. If I pay in say Euros, it'll cost 2.2%. ATM withdrawal fees using a physical card adds another 2%.
Let us say you earn in Bitcoin or if you are a long term "Hodl"er of Bitcoin. You can always hold your Bitcoin without cashing out to Fiat. Fiat loses its value over time to inflation and manipulation by the central banks. If you store your wealth in Bitcoin it won't lose its value like Fiat. I know it is volatile but in the longer term, its value has always risen. Another stacker has said in a comment that graphs show that Bitcoin has outperformed every other coin, fiat, or token. It turns out to be true!