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Topic: Living on Bitcoin Alone! (CNN Money) What Do You Think? - page 2. (Read 2376 times)

legendary
Activity: 1358
Merit: 1000
One can survive on BTC with ease if they use their brain.
It's that simple.  Wink
But you still need to replace bitcoin to local fiat

nope
hero member
Activity: 1106
Merit: 527
One can survive on BTC with ease if they use their brain.
It's that simple.  Wink
But you still need to replace bitcoin to local fiat
legendary
Activity: 1358
Merit: 1000
where is the CNN Moneys much purported Quantum computer
hero member
Activity: 518
Merit: 500
Hodl!
I think you can survive a at least a month on just one bitcoin at todays price.... presuming that survival food place is still around Cheesy
sr. member
Activity: 350
Merit: 250
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
hero member
Activity: 532
Merit: 500
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 
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
He came across a few struggles do to the fact that bitcoin isn't heavily adopted around us, yet, but still managed.

Kinda like trying to find a gas station for your automobile in the early 1900's.  I wonder how many people were saying, "Cars are useless because there aren't any gas stations."
full member
Activity: 210
Merit: 100
I wounder how this little experiment will look like in 5 years...


Right?  Cool idea, but i wish they would have concluded that "in a few years this might look a little different".  Also there's so many industry specific benefits. For example, I play online poker all day, and there is massive benefits that anyone can take advantage of, but I don't commute to work,so that video doesn't really apply to me. I think if some of these commercials focused on the utility it's already functioning well at, gambling, online purchases, international transfer, then people would be more open. Either way, publicity.
legendary
Activity: 1316
Merit: 1000

Not being able to use it at most shops doesnt really prove anything, what are people expecting?
sr. member
Activity: 406
Merit: 250
Grocery and gasoline acceptance is the key. Basic needs then utilities. Converting to fiat via gift cards or debit cards is kind of cheating.
sr. member
Activity: 378
Merit: 250
FURring bitcoin up since 1762
Well, it's merely a proof-of-concept project as of now, if you ask me! I also believe that Bitcoin isn't exactly made to be used to buy things in daily life. I guess it will more likely work as a means of payment on the Internet, a store of wealth, and to transmit money across a large distance, and/or foreign countries.
legendary
Activity: 2786
Merit: 1031
I wounder how this little experiment will look like in 5 years...
hero member
Activity: 504
Merit: 500
A lot of people have similar projects. It get's easier all the time.

http://lifeonbitcoin.com/

Well of course it should, hopefully, get easier. This would mean merchant adoption is climbing (always a good thing for any currency)

Thanks for sharing the link, I'll take a look.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
A lot of people have similar projects. It get's easier all the time.

http://lifeonbitcoin.com/
hero member
Activity: 504
Merit: 500
http://money.cnn.com/video/news/2014/11/09/24-hours-on-bitcoin.cnnmoney/?/video/news/2014/11/09/24-hours-on-bitcoin.cnnmoney

He came across a few struggles do to the fact that bitcoin isn't heavily adopted around us, yet, but still managed.

Wherever you are: would you think it is possible to "survive" one day, one week even, using nothing but bitcoin?
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