No, the only thing you can buy is fiat. And then use the fiat to buy food.
Because of the fluctuating fiat price of Bitcoin you never know what you're going to get in the future.
The dream of bypassing fiat and creating a stable currency will never happen. It's impossible.
This is completely false. You self custody Bitcoin, live in Bitcoin, don’t have to know what fiat is, and someone gives you food. Get with the program
The shop will do the fiat conversion for you. The effect of that, the fluctuating prices for everything, remains. They can't hide that from you.
That is irrelevant to the user seeking to live in a Bitcoin only world.
One day merchants will no longer want your fiat and will only want Bitcoin
Who cares what the shop does? If I pay dollars on Venmo to a shop in Europe and they convert to euros, or gold or even Bitcoin, what the hell do I care?
So Wrong.
Plenty of people already do this. How can you say it is impossible when there are already people living and paying completly in Bitcoin?
I am always happy when reading such naive comments like yours. Shows we are still early 😎.
They have people doing the fiat conversion for them.
It can and likely will. But it will require a bronze-age-collapse level upheaval. I think the collapse in global birth rates will be the reason for it.
If Bitcoin is the better solution why do we need a collapse? I remember the internet coming along. It was obviously better than many other things. So everyone did it. No upheaval required.
Because fiat-run governments will continue to regulate Bitcoin and any other alternative OUT of its intended use and recategorize it as an “asset” until the global fiat apparatus is snuffed out.
Ah no Bitcoin is decentralized and evades government control. If it could be used for buying actual things, it would be.
Not when fiat controlled governments can hold the businesses themselves ransom. If a government can revoke a license or arrest the owner, it doesn’t matter if the currency is decentralized. Bitcoin is already being used, even with lots of government forced limitations, across the world. It is clearly not a technological problem.
Everyone is replying in this thread about all the fantastic shops that accept Bitcoin. They seem to be doing fine. The government conspiracy that you imagine there is fiction.
The shops and their customers only have problems with fluctuating prices but hey that's inherent in Bitcoin no government required.
“Conspiracy”? It is literally capital gains, among other dumb regulations. I’m not making up conspiracy theories. This stuff has already happening. It is why bitcoin does not function as a currency the way it’s intended so far.
Afaik capital gains taxes only apply when you sell an asset where which in government terms means selling Bitcoin for fiat. But that's not what you want you want to pay for things.
There are regulations in many countries that also want to tax “unrealized” capital gains, which would tax you on the assessed value of your unexchanged BTC (and homes, cars, etc). I guarantee that, right before BTC actually takes over, the fiat system will fight for THAT to stop the change.
It doesn't now. It not what's keeping Bitcoin.
This is incorrect for USA/IRS
Nonsense. Come to Madeira - or visit any of the rapidly growing list of circular economies, where you can live entirely on btc, today
Not a dream
You're sure that's circular, i.e the bread paid with Bitcoin was made from flour paid with Bitcoin?
In some cases, yes definitely
There are a number of supermarkets here that take btc
And for some merchants there are staff paid with btc who go on to spend their btc locally
and there are many business owners who keep the sats and gift / spend it around the island
If this stuff isn't happening in your area it can only mean there are zero (real) bitcoiners in your area, those who spend sats, and help to onboard merchants
> staff paid with btc
Very interesting. Their work contracts are in BTC?
