Using Altcoins for Daily Life (Bills, purchases, etc.)

trickyriky

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Quote from: StormStrikes on December 04, 2017, 11:48:24 PM

I was looking at other cryptocurrencies such as Dash. I have seen several ways to use Bitcoin for daily things, in fact, Visa even has a card you can load with Bitcoin which is converted to cash called Bitpay. Which, obviously, you could use for daily purchases in your local area for places that do not accept Bitcoin, yet, and of course could be used to pay monthly bills, etc.

What I am curious about as I have just started to learn about Dash, is if there are such services available to make use of that particular currency. I live in Oklahoma, so cryptocurrencies are less adapted here than say in much, much larger metropolitan cities on the east and west coasts. If I were to mine for Dash, is there a way to conveniently use it for daily living expenses?

DASH is the altcoin that can be potentially used as money. However, we must all admit that still it is not convenient to pay with this crypto in reality. The best way out is to exchange it and then use BTC or fiat money for your purposes.

Tankdestroyer

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Quote from: StormStrikes on December 04, 2017, 11:48:24 PM

I was looking at other cryptocurrencies such as Dash. I have seen several ways to use Bitcoin for daily things, in fact, Visa even has a card you can load with Bitcoin which is converted to cash called Bitpay. Which, obviously, you could use for daily purchases in your local area for places that do not accept Bitcoin, yet, and of course could be used to pay monthly bills, etc. Still, the time.when altcoins can be used for daily living will be up soon.

What I am curious about as I have just started to learn about Dash, is if there are such services available to make use of that particular currency. I live in Oklahoma, so cryptocurrencies are less adapted here than say in much, much larger metropolitan cities on the east and west coasts. If I were to mine for Dash, is there a way to conveniently use it for daily living expenses?

Altcoins for now is just things merely used for speculation. It cannot be used in real life since there ain't any services or goods that can be bought using altcoins. If it were peer to peer though some people might consider accepting altcoin as payment but those kind of people would be hard to find. For this reason it is technically better to use bitcoin as payment for something ATM rather than using altcoins. Still, I am sure altcoins can soon be used for paying daily expenses.

Immakillya

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Im afraid altcoins are accepted for any kind of payments for now. Most of the shops or establishments are accepting only bitcoin. Bitcoin is going on mainstream. But still few accepts it. We rarely see altcoins that are accepted on any kind or mode of payment. Like IOTA for example. Satoshipay just switch to IOTA. I saw some altcoins also accepted on deepweb. Monero, Dash, Litecoin and Ethereum. Dash is good altcoin. Hopefully we see this accepted on any kind of payment in the future. But for now, just keep it or convert it to fiat. So you can pay for your bills and necessities.

cryptogiirl

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Ideally there will be several alt coins emerge in the future as front runners to pay various services, such as utility bills, commercial transactions, (on both small and large scale) vacations and even a restaurant bill, but for right now the only real vehicle out there for this is bitcoin, and even that is pretty limited.

swissgang

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I agree with you all, this is why dash is very valuable today. As we can see now, its ride from $10 to $100 was not a bubble.

Kang TB

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mining dash is one from many way to using alt for daily life,
but not just mining, you can earn daily income with running Dash Masternodes,
unfortunately you need 1K dash to run 1 masternodes and its huge money needed for now

Riddikulo

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It is a very cool idea, and I think most of us would like to use alts (DASH for instance) in everyday life. However, for now you can only deal with Bitcoin (not everywhere, but on some online services) and use ETH for ICO projects and games.

justin86

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Dash as a coin is the one of those which are likely to be used in daily life. But for now credit cards are much more useful and easy.

StormStrikes

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Thank you all for your replies thus far. The conversion of Dash to Bitcoin did seem a viable way but I had hoped there was a more direct or native way to the Dash currency to do so.

I suppose the next logical question, then, would be to ask is it worthwhile and profitable to mine Dash? If I can convert it to Bitcoin, and then to a fiat currency it's at least usable. Or would one be better off mining just Bitcoin or is there value in doing, perhaps both, and holding on (Dash) and using the other for expenses?

The problem I face in that consideration is that miners like the S9 are nearly out of reach but the potential is there to make a fair amount of money. Whereas the X11 miners are somewhat more feasible, including the ASIC versions. I suffer from a bit of confidence crisis. Looking at the profit calculators, both will make money but if it is not readily available for me to use for expenses I have, what good is it? Know what I mean? If I make 10,000 USD in Bitcoin, it has no value unless I can tap into it for things I would need that amount of currency for. Same for Dash and all other cryptocurrencies.

I guess I am just trying to get informed as to how to tap that value and which would be better to start with.

The Sceptical Chymist

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Dash gets a lot of hate on this forum, but I think it's more practical for purchases than bitcoin is. The fees are lower, transaction times are shorter--but the problem is that it doesn't have the community that bitcoin has and there aren't many merchants who accept it. Fewer than bitcoin by far. And it also suffers from the same "problem" of increasing price, which encourages hoarding rather than spending. But hell yeah, if there was a debit card that could be loaded with Dash, I'd be interested in using it--and then I'd have to buy Dash, because I currently don't own any.

13abyknight

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Quote from: StormStrikes on December 04, 2017, 11:48:24 PM

I was looking at other cryptocurrencies such as Dash. I have seen several ways to use Bitcoin for daily things, in fact, Visa even has a card you can load with Bitcoin which is converted to cash called Bitpay. Which, obviously, you could use for daily purchases in your local area for places that do not accept Bitcoin, yet, and of course could be used to pay monthly bills, etc.

What I am curious about as I have just started to learn about Dash, is if there are such services available to make use of that particular currency. I live in Oklahoma, so cryptocurrencies are less adapted here than say in much, much larger metropolitan cities on the east and west coasts. If I were to mine for Dash, is there a way to conveniently use it for daily living expenses?

It would definitely take time for altcoins to establish themselves as major players in payment gateways and only services like Bitpay (for Bitcoin) can enable this feature of directly converting the coin into fiat and being able to use them for daily expenses.
As the user suggested above, just get your Dash or whatever you mine converted into Bitcoin through any exchange and sell those Bitcoins for fiat.

puremage111

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Quote from: StormStrikes on December 04, 2017, 11:48:24 PM

I was looking at other cryptocurrencies such as Dash. I have seen several ways to use Bitcoin for daily things, in fact, Visa even has a card you can load with Bitcoin which is converted to cash called Bitpay. Which, obviously, you could use for daily purchases in your local area for places that do not accept Bitcoin, yet, and of course could be used to pay monthly bills, etc.

What I am curious about as I have just started to learn about Dash, is if there are such services available to make use of that particular currency. I live in Oklahoma, so cryptocurrencies are less adapted here than say in much, much larger metropolitan cities on the east and west coasts. If I were to mine for Dash, is there a way to conveniently use it for daily living expenses?

I Don't think currently there any way of clearing your expenses by paying or gifting Dash.

The main accepted crypto now is Bitcoin for Real Life Payment and i saw some by Ethereum.

I would say for Daily Life usage with Altcoins, it might take a long time for Bitcoin first to Adopt in the market, we will then follow by Altcoins.

To use your Mined Dash as living expenses, Sell Dash to BTC, then BTC to fiat. Thats the only way now Tongue

StormStrikes

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I was looking at other cryptocurrencies such as Dash. I have seen several ways to use Bitcoin for daily things, in fact, Visa even has a card you can load with Bitcoin which is converted to cash called Bitpay. Which, obviously, you could use for daily purchases in your local area for places that do not accept Bitcoin, yet, and of course could be used to pay monthly bills, etc.

What I am curious about as I have just started to learn about Dash, is if there are such services available to make use of that particular currency. I live in Oklahoma, so cryptocurrencies are less adapted here than say in much, much larger metropolitan cities on the east and west coasts. If I were to mine for Dash, is there a way to conveniently use it for daily living expenses?

Topic: Using Altcoins for Daily Life (Bills, purchases, etc.) (Read 255 times)