I see your perspective and I also can't pay my bills with magic Internet money just yet.
Lots of people are suffering and looking for a solution. If Bitcoin does not increase in purchasing power against pieces of paper it's not a solution.
Discussion
It doesnât need to increase in purchasing power AGAINST anything. The adoption is what unfolds it as a medium not the fiat gains. A lot of people came for the NgU but once the properties of bitcoin are understood itâs irrelevant. I can provide you a service and request a payment in sats that has no bearing to its âconversionâ into fiat. Everyoneâs numbers are different just like everyone charges different amounts for similar services. Just because you canât pay for existing bills in bitcoin doesnât mean those services couldnât be provided by someone who allows bitcoin as medium of exchange. Itâs just in the very early stages.
The future reality you are envisioning sounds nice.
I'll look forward to that happening one day.
Today a vast majority of what I need to live costs fiat.
You can pay for some bills using bitrefill or the bitcoin co.
Yes there are many work arounds, but the suppliers of a vast majority of goods and services are requesting fiat (for now).
That transition could happen faster than many anticipate.
I mean, that is fiat that youâd be giving them. Or are you referring to cash?
Yep but youâre still paying in fiat. Itâs not a p2p transaction.