Topic: Living on Bitcoin Alone! (CNN Money) What Do You Think? (Read 2376 times)
I've seen this attempted a few times now. Cudos to them.
Yes in some country fee for exchange BTC -> Fiat is still big.
And no local merchant accept bitcoin , so they must exchange to fiat first.
This maybe cause some people who lived in some country which bitcoin is not famous like US , Europe feel not interested use this currency.
And no local merchant accept bitcoin , so they must exchange to fiat first.
This maybe cause some people who lived in some country which bitcoin is not famous like US , Europe feel not interested use this currency.
Great idea but i think it's still to early. Living on bitcoin has to be painful these days with such small acceptance. Most people don't even know what bitcoin is.
Depends greatly on where you are - US, Europe, somewhere else.
One can survive on BTC with ease if they use their brain.
It's that simple.
But you still need to replace bitcoin to local fiatIt's that simple.
nope
Depend on which country you're attempting it.Such thing would be impossible to do in my country.
Not very soon...BUT sooner than most people think 
awesome - not exactly living the high life lol - but hopefully this is a step to making it easier in the future!
Looks like there are still some kinks to work out unfortunately.
Yes, one person can survive, but 7+ billions of people all over the world can't... 21 milions of units are simply not enough 
Well, it would be difficult for the entire world to operate solely upon 21 million currency units, yes.
Good thing Bitcoin has 2.1 quadrillion currency units.
I wouldn't mind doing this, but I have to liquidate to pay rent, bills, gas and groceries. And if there was a service that handled this for me then they'd just liquidate my bitcoin too. Which sortof cheapens the attempt.
One can survive on BTC with ease if they use their brain.
It's that simple.
It's that simple.
Yes, one person can survive, but 7+ billions of people all over the world can't... 21 milions of units are simply not enough
If you're allowed to exchange BTC for cash fiat (as seems to be the case here), no problem at all.
I think what people should strive for when they say they will live on bitcoin is to use bitcoin 100%. Not exchange to USD and spend that.
life on bitcoin lol they are making money on marketing creating t-shirts from cheap cloth and use a miserable dye to print that logos in a fashion of australopithecus
If you're allowed to exchange BTC for cash fiat (as seems to be the case here), no problem at all.
Making every effort to live on nothing but BTC...then at the bottom of their homepage, they are selling t-shirts and digital downloads...asking for, get this...Fiat...oyy...
good and free advertising for bitcoin.
Exactly.
Wherever you are: would you think it is possible to "survive" one day, one week even, using nothing but bitcoin?
It is not difficult to survive for "one" day as it would be very easy to not have to buy anything for one day (you can easily go a day without eating, and can stay awake for 24 hours if you have to). I would say a much better experiment would be the one that forbes did
Would you happen to have a link for this experiment? Thanks
good and free advertising for bitcoin.
I think that video was awesome. Yes, it is true that he struggled and is sucked, but he did it! The beginning has started.
Soon we will all do the same.
I wounder how this little experiment will look like in 5 years...
Forbes did a similar experiment early last year and another one early this year. The comparison between the two experiments was crazy. (in the forbes experiments the author tried to live on bitcoin for a week). The author had a much easier time living on bitcoin the second time around then the first and when she asked people if they could take bitcoin many more people knew what she was talking about You're talking about Kashmir Hill, yes, I followed the articles, the change was quite amazing.
Great idea but i think it's still to early. Living on bitcoin has to be painful these days with such small acceptance. Most people don't even know what bitcoin is.
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