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You don't get it. The full benefits of Bitcoin are realized when you stay in the system. Receive BTC. Spend BTC. Avoid converting to fiat ("real money") when po
by mrb 7y ago
You don't get it. The full benefits of Bitcoin are realized when you stay in the system. Receive BTC. Spend BTC. Avoid converting to fiat ("real money") when possible. As adoption increases[1] year-over-year it becomes increasingly feasible to do that, to stay in the system.
[1] https://bitinfocharts.com/comparison/bitcoin-transactions.html https://bitinfocharts.com/comparison/bitcoin-transactions.ht...
- zaarn 7y agoAh, so where in Iran can I live only using Bitcoin and no paper money whatsoever?
- oska 7y agoNo part of this story happened in Iran. It was a US American sending money to a US American media website. > On January 3, a reader tried to make a donation of $10 to The Grayzone through PayPal. The small donor, a US citizen who lives in California, wrote the following message to accompany the donation: “Thanks for all your excellent work and especially the Gray Zone’s coverage of the murder of Soleimani and war with Iran. You fellows are so insightful and brilliant.”
- ryanlol 7y agoI’m sure you’d have no trouble finding someone in Iran willing to take BTC and pay literally anything for you. Sure, there’s still paper money involved at some point. But there’s no need to use western exchanges directly.
- mrb 7y agoI did not say that it was possible to live using Bitcoin in Iran. Read my comment again.
- zaarn 7y agoI would argue that the problem is that nothing about Bitcoin is feasible to carry any large scale system that could handle even one country's day-to-day transactions. At best, Bitcoin is currently an instrument for investors at wallstreet to make even crazier bets than normal, it's not a good tool for actual money.