I don’t understand why I’d pay for my life using a harder currency. It seems to make sense to me that I should use USD anytime someone will take it. It’s worth nothing and loses value daily. Why convert it to Bitcoin just to pay out in USD? It only kind of makes sense if you’re selling goods and services for Bitcoin.
Discussion
It doesn't make sense until you actually try it.
Those questions disappear when you don't have any more fiat to worry about
For me, the biggest problem with #Bitcoin as money was not its volatility, but the concept that money had to be “bad” (according to Gresham’s Law) in order to be easily spent in exchange for goods and services. However, after a long time, I realized that my perception was wrong. Using #Bitcoin exclusively as money means completely improving my economic environment, as it forces me to reflect on the quality and necessity of the goods and services I am willing to pay for. This is because the money (Bitcoin) I give in exchange has great value, both in the present and potentially in the future.
retard
The short and sweet is, more exposure to bitcoin makes sense to me in an up market. Time in bitcoin beats timing bitcoin.
If you dont use bitcoin as a currency and accept it as property you have failed. Property gets taxed and currency gets used as a medium of exchange. This whole experiment fails if we don't transact in bitcoin.
Couldn’t agree more. I use Bitcoin whenever I can, but if someone’s willing to use a trash currency like USD then I’m happy to pay them in it. Until there is a more circular economy with Bitcoin then it’s better seen, at least to me, as a store of value. But I love what you’re doing for principles sake.
Why do you have any USD at all? That's what doesn't make sense.