Pages:
Author

Topic: Spending Bitcoins - page 54. (Read 101106 times)

full member
Activity: 266
Merit: 100
January 30, 2017, 12:20:31 PM
Spending directly with bitcoins is not an option in india .people dont even know what is bitcoins and the price of bitcoins have gone down and i dont see so much potential in it .
hero member
Activity: 2856
Merit: 667
January 30, 2017, 12:53:13 AM
To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

Bitcoin is not illegal, it is just not in the law. I think my country's government is not aware there is such a thing.

At the moment in my country too. But I am sure they are aware because the central bank of my country has prepared a report about cryptocurrencies and published it. They also reported that to organize a cryptocurrency market could be profitable invest for the future.

I don't think that Governments of any particular country wouldn't be aware of bitcoins they know bitcoin very well and also the threats attached to it and I am sure that Finance Ministry would be having a close watch on bitcoin but they are not making any statement publically as they are aware that not many people knows about bitcoin yet.
The threat is not that serious, and if they will look at this technology closely, they will know that there is more of a benefits than a threat. If they know the threat, they can make measures to prevent it from happening. What threat exactly you have in mind? If this is for illegal activities, they have a good solution to that, and that is just by letting the exchange sites comply with the governmental laws attached to AMLA.
sr. member
Activity: 1204
Merit: 272
1xbit.com
January 29, 2017, 04:58:28 PM
To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

Bitcoin is not illegal, it is just not in the law. I think my country's government is not aware there is such a thing.

At the moment in my country too. But I am sure they are aware because the central bank of my country has prepared a report about cryptocurrencies and published it. They also reported that to organize a cryptocurrency market could be profitable invest for the future.

I don't think that Governments of any particular country wouldn't be aware of bitcoins they know bitcoin very well and also the threats attached to it and I am sure that Finance Ministry would be having a close watch on bitcoin but they are not making any statement publically as they are aware that not many people knows about bitcoin yet.
sr. member
Activity: 994
Merit: 391
January 29, 2017, 04:38:19 PM
To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

Bitcoin is not illegal, it is just not in the law. I think my country's government is not aware there is such a thing.

At the moment in my country too. But I am sure they are aware because the central bank of my country has prepared a report about cryptocurrencies and published it. They also reported that to organize a cryptocurrency market could be profitable invest for the future.
hero member
Activity: 1498
Merit: 537
January 29, 2017, 03:52:36 PM
Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.
Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.

Yes that's the only disadvantage of spending bitcoins, we just use it online but the hope that we can use it and spend locally is always there for me. Proving bitcoin as a real money just shows that it is really worth to invest and spend to because of a lot of opportunities we can use with it.
Spending your bitcoins down at the local shop won't happen any time soon because no shop owner is going to let you leave the store without at least 1 confirmation on the transaction and they won't like holding up their other customers while waiting for this.

The best way around this at present could be for people to set up accounts at shops they frequent. If you regularly spend about $50 a week at the store then you could send $50 worth of bitcoins to their account a day or so in advance so no waiting for confirmations is needed, a sort of off chain transaction could be made and change either sent back to your account or just held in your shop account until needed next time.

I'm very optimistic with it that one day I can see a local shop here which its owner is a bitcoin owner and is highlighting the usage of bitcoin. Regarding the confirmation, as long as he can see already that the coins are sent to his address I guess that is going to fine already.
Because we can't really avoid delay with confirmation but the assurance is there.

Have you not heard of Starbucks accepting bitcoin as mode of payment for a cup of coffee? Have you not checked the list of restaurants that are accepting bitcoins? Bitcoin is growing stronger everyday, some schools accept bitcoins as tuition, you can purchase books and t-shirts using bitcoin in MIT in massachusetts. You can also pay the taxi driver with bitcoins when you roam to Italy. This are small steps but it will be bigger in the coming years.

I heard that already with Starbucks acceptance of bitcoin and I think that is in Hongkong. But just like what I've said that I'm hopeful to see it one day "HERE" and since I'm not a Hongkong resident so I won't be able to use bitcoin directly. And I've been always checking those shops / stores that are accepting bitcoin but sadly they're offshore.

The scenario is same in many countries as there are no places where we can spend our bitcoins directly so spending them is only limited to online world at a moment and that also on selected sites as many sites that accepts bitcoins has a very high shipping costs which is not affordable for me so I avoid use of bitcoins for making any online purchases.
hero member
Activity: 994
Merit: 544
January 29, 2017, 05:13:28 AM
Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.
Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.

Yes that's the only disadvantage of spending bitcoins, we just use it online but the hope that we can use it and spend locally is always there for me. Proving bitcoin as a real money just shows that it is really worth to invest and spend to because of a lot of opportunities we can use with it.
Spending your bitcoins down at the local shop won't happen any time soon because no shop owner is going to let you leave the store without at least 1 confirmation on the transaction and they won't like holding up their other customers while waiting for this.

The best way around this at present could be for people to set up accounts at shops they frequent. If you regularly spend about $50 a week at the store then you could send $50 worth of bitcoins to their account a day or so in advance so no waiting for confirmations is needed, a sort of off chain transaction could be made and change either sent back to your account or just held in your shop account until needed next time.

I'm very optimistic with it that one day I can see a local shop here which its owner is a bitcoin owner and is highlighting the usage of bitcoin. Regarding the confirmation, as long as he can see already that the coins are sent to his address I guess that is going to fine already.
Because we can't really avoid delay with confirmation but the assurance is there.

Have you not heard of Starbucks accepting bitcoin as mode of payment for a cup of coffee? Have you not checked the list of restaurants that are accepting bitcoins? Bitcoin is growing stronger everyday, some schools accept bitcoins as tuition, you can purchase books and t-shirts using bitcoin in MIT in massachusetts. You can also pay the taxi driver with bitcoins when you roam to Italy. This are small steps but it will be bigger in the coming years.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
January 29, 2017, 03:02:00 AM

I also dont have much places in my country where i can convert the bitcoins to local cash. Even 80 percent people here are unaware of what is bitcoin exactly and how it works. So we dont have much spending options locally but we can spend in online stores and get advantages. With the passage of time Bitcoin will become more popular and then everyone will accept bitcoins.
are you sure 20% percent people in your country aware of bitcoin? i may expect the amount could be even lesser. even though if none of store in your country accept bitcoin you can still buy stuff or goods with bitcoin through international online store,but, the fee will be higher than buying in local
sr. member
Activity: 1274
Merit: 252
January 29, 2017, 02:02:12 AM
To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

any way that we find it useless if your country that has not received the bitcoin currency as legal payment.
I can't use bitcoin everyday because my country has not received the bitcoin  ( system anonym)  I redeem fiat through localbitcoin
hero member
Activity: 2814
Merit: 576
January 29, 2017, 12:28:23 AM
In my country, you can spend a Bitcoin on various goods and services. But not directly, but through intermediaries. So I have to pay a high commission to intermediaries. I do not like it. That's why I rarely spend Bitcoins

Majority of us are facing the same problem that we don't have any place to spend them directly to buy anything and for the same reason we need to convert it to fiat and then spend but bitcoin debit card have made things easier as I can use it like any other debit/credit cards for making purchases either offline or online.
For the majority of people, it is not a big issue. We can use our bitcoin once we convert it to fiat. For me, I will be willing to wait for the development to happen in our country, I can surely see more merchants that will be accepting bitcoin in the coming future and I am very optimistic about that.

Right now, I am more focus on investing it than using it as a currency.
sr. member
Activity: 420
Merit: 250
January 28, 2017, 03:56:49 PM
In my country, you can spend a Bitcoin on various goods and services. But not directly, but through intermediaries. So I have to pay a high commission to intermediaries. I do not like it. That's why I rarely spend Bitcoins

Majority of us are facing the same problem that we don't have any place to spend them directly to buy anything and for the same reason we need to convert it to fiat and then spend but bitcoin debit card have made things easier as I can use it like any other debit/credit cards for making purchases either offline or online.
full member
Activity: 210
Merit: 100
January 28, 2017, 09:34:59 AM
In my country, you can spend a Bitcoin on various goods and services. But not directly, but through intermediaries. So I have to pay a high commission to intermediaries. I do not like it. That's why I rarely spend Bitcoins
hero member
Activity: 826
Merit: 502
January 28, 2017, 06:07:01 AM
To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.


Those reason are:

1. We have few merchants here in my country only accepted Bitcoin.
2. People here are not much familiar with bitcoin.
3. We don't have any debit card yet for bitcoin here.
I also have these three issues with me with bitcoin in my country for my local use but still I do not lose the will and I have believe on it that it is possible for my country to be acceptable like that so I am adopting bitcoin for my uses online and I often try to promote it to every person of my country in my area. That is the tll with which I am sure that it will be acceptable in my local area.
sr. member
Activity: 454
Merit: 250
January 28, 2017, 05:57:47 AM
I do not know right or wrong, but when the infection employer has not paid the promised salary, had to spend a bitcoin on the bus to pereobut car. This is my safety and my family. So I do not regret that spent a bitcoin. Although previously it planned more.

We don't have choice when these type of cases are happening to us. And bitcoin is literally a real money so when we lack of cash then it is a good alternative for it. There are some that doesn't want to use bitcoin because they just want to complete hold it for a longer time but that is not going to help the adoption, this is what I do too. When I don't have enough cash, I just sell my bitcoins.
You're right. I think that the majority of users to do so. The fact is that bitcoin is an opportunity to earn money and get a supplement to the family budget. If there were a surplus, then I would have retained a certain amount of bitcoin until the end.

yes here in the third world country we see bitcoin as a new supply of earnings. we see bitcoin as earnings that we can use to pay bills , buy some things we need and we can also make it as a good investment. we can also save our bitcoin inorder for us to have some extra money in times of need like some emergencies that we dont expect.

We all just want to know when will does the bitcoin last. It through about the value of bitcoins, if we just spending it again and again, bitcoin value can increase its value. Good investment like , promos and signature campaign could be one way of good investments.
The possibilities available for microearnings attract many users, and generate some liquidity, but this increase in liquidity corresponds to a small percentage of what could be obtained if Bitcoin were being adopted by a much larger number of merchants and online stores. Such services are part of a large market, which moves billions of dollars a day around the world... this type of market would be able to make a big difference in the price of Bitcoin.
hero member
Activity: 1022
Merit: 500
January 28, 2017, 05:56:28 AM
To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.


Those reason are:

1. We have few merchants here in my country only accepted Bitcoin.
2. People here are not much familiar with bitcoin.
3. We don't have any debit card yet for bitcoin here.
hero member
Activity: 756
Merit: 502
January 28, 2017, 05:21:50 AM
Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.
Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.

Yes that's the only disadvantage of spending bitcoins, we just use it online but the hope that we can use it and spend locally is always there for me. Proving bitcoin as a real money just shows that it is really worth to invest and spend to because of a lot of opportunities we can use with it.
Spending your bitcoins down at the local shop won't happen any time soon because no shop owner is going to let you leave the store without at least 1 confirmation on the transaction and they won't like holding up their other customers while waiting for this.

The best way around this at present could be for people to set up accounts at shops they frequent. If you regularly spend about $50 a week at the store then you could send $50 worth of bitcoins to their account a day or so in advance so no waiting for confirmations is needed, a sort of off chain transaction could be made and change either sent back to your account or just held in your shop account until needed next time.

No, transactions confirmations are not always a problem. If this is a shop that frequent regularly, as a baker or a grocery, you can with time get trusted and not have to wait for the confirmations. I remember shorena said in one post to be doing this : sending the bitcoins and eating while it gets confirmed, at a restaurant.
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
January 28, 2017, 05:07:26 AM
Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.
Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.

Yes that's the only disadvantage of spending bitcoins, we just use it online but the hope that we can use it and spend locally is always there for me. Proving bitcoin as a real money just shows that it is really worth to invest and spend to because of a lot of opportunities we can use with it.
Spending your bitcoins down at the local shop won't happen any time soon because no shop owner is going to let you leave the store without at least 1 confirmation on the transaction and they won't like holding up their other customers while waiting for this.

The best way around this at present could be for people to set up accounts at shops they frequent. If you regularly spend about $50 a week at the store then you could send $50 worth of bitcoins to their account a day or so in advance so no waiting for confirmations is needed, a sort of off chain transaction could be made and change either sent back to your account or just held in your shop account until needed next time.

I'm very optimistic with it that one day I can see a local shop here which its owner is a bitcoin owner and is highlighting the usage of bitcoin. Regarding the confirmation, as long as he can see already that the coins are sent to his address I guess that is going to fine already.
Because we can't really avoid delay with confirmation but the assurance is there.
Maybe if you are on a first name basis, a regular at the local shop and the purchase is only small they will let you leave just by seeing the transaction go into their wallet but not on a high value item.

The delay in waiting for the confirmation is not avoidable because there is no assurance until at least 1 confirmation, although double spend attacks are not easy they can and do happen.
hero member
Activity: 966
Merit: 506
January 27, 2017, 10:19:11 PM
To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

Because in my place there's not a saller who accept bitcoin as payment metode because this problems caused the mayority of people din't know about bitcoin yet ,so saller not interested to accept bitcoin as payment metode.
So usually i change btc to fiat to spending my bitcoin.

Not only in your place but whole world bitcoins are not using in the mainstream businesses yet, only a few online stores are accepting as of now. So there is not a choice one should first exchange it into fiat currency to buy other things locally. Since there are so many ways, we can exchange bitcoins now, so it is not very hard to exchange but need to pay small for the conversation.

I also dont have much places in my country where i can convert the bitcoins to local cash. Even 80 percent people here are unaware of what is bitcoin exactly and how it works. So we dont have much spending options locally but we can spend in online stores and get advantages. With the passage of time Bitcoin will become more popular and then everyone will accept bitcoins.
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
January 27, 2017, 08:15:01 PM
Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.
Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.

Yes that's the only disadvantage of spending bitcoins, we just use it online but the hope that we can use it and spend locally is always there for me. Proving bitcoin as a real money just shows that it is really worth to invest and spend to because of a lot of opportunities we can use with it.
Spending your bitcoins down at the local shop won't happen any time soon because no shop owner is going to let you leave the store without at least 1 confirmation on the transaction and they won't like holding up their other customers while waiting for this.

The best way around this at present could be for people to set up accounts at shops they frequent. If you regularly spend about $50 a week at the store then you could send $50 worth of bitcoins to their account a day or so in advance so no waiting for confirmations is needed, a sort of off chain transaction could be made and change either sent back to your account or just held in your shop account until needed next time.
legendary
Activity: 1456
Merit: 1005
January 27, 2017, 07:10:31 AM
To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

Because in my place there's not a saller who accept bitcoin as payment metode because this problems caused the mayority of people din't know about bitcoin yet ,so saller not interested to accept bitcoin as payment metode.
So usually i change btc to fiat to spending my bitcoin.

Not only in your place but whole world bitcoins are not using in the mainstream businesses yet, only a few online stores are accepting as of now. So there is not a choice one should first exchange it into fiat currency to buy other things locally. Since there are so many ways, we can exchange bitcoins now, so it is not very hard to exchange but need to pay small for the conversation.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
January 27, 2017, 06:55:37 AM
Real money is the one that we are using to purchase goods and services. And I can say that bitcoin is a real money because we can use it with our daily lives, trades and purchasing of the things that we are interested or need. I'm not saying that money is not a real money, I'm saying that if we are not going to spend our bitcoins, we can't prove that it is not a real money.
Spending bitcoins is all dependent on the opportunities we will be having in our local merchants level. At the same time we will be having more opportunities to spend bitcoin online rather than local levels.

Spending bitcoin or using it for investment or two different aspects but I do not think it is compulsory to prove bitcoin as a money by spending it because we are now into investment mode of bitcoin for the sake of gaining better benefits.
Pages:
Jump to: