A lot of people live on credit. Yes, maybe they shouldn't spend that money if they don't have it, but that's not the reality we live in.
Discussion
sure, i do that every single month. it's easy and i earn free money for doing it. but if i did'nt have the means to pay it off every month, i wouldn't do that, meaning i wouldn't be able to make that purchase in the first place.
Yes, but like I said, that's not how most people are spending their money.
A quick search gave me this number:
"U.S. credit card defaults reached a record high of $46 billion from January through September 2024, the highest level in 14 years."
bitcoin can't fix people currently living beyond their means. it can help in the long run. but this reaffirms my point then that it sounds like the person shouldn't be making this purchase in the first place.
Agreed 100%. But I think the OP was about driving adoption. People would need a reason to use their btc.
You can pay in a mixture of bitcoin and credit cards and cash in the U.S., especially with access to robosats and to exchanges like River or Strike that offer bill pay and direct deposit into a mix of bitcoin and dollars and such. I pay for most things in dollars but it is possible to do a little replace and spend mixed with it if you have a mindset to play around and stay disciplined. In the meantime, gotta find more income too. It's really hard out here. I hear you. I'm struggling too.
You pay for that "free" money with higher prices though, just sayin' ... it's more like the credit market reshapes spending and time value according to the offering you picked.