Quote from: chesthing on August 19, 2017, 03:29:10 AM

Quote from: Elwar on August 19, 2017, 02:38:49 AM

Quote from: Mrpumperitis on August 19, 2017, 02:35:30 AM

Quote from: Elwar on August 19, 2017, 02:32:15 AM

I just want to use Bitcoin as a currency. I honestly do not care too much about the small differences between the two chains. They both have SegWit which will allow the Lightning Network which will allow for fast, cheap microtransactions.

Then it has to be bch, thats the aim of it.as Satoshis knew it would be..no 3rd party,no 2nd layer, lower fees, higher txps and more.

No my chain is better...no mine is...no mine!

Whatevs.

Most of my bitcoin spending is done via third parties already. I am ok with that.

I spend bitcoins on Amazon through Purse, I pay my rent through a Korean wire transfer service. I have bought gift cards to pay for meals in the US and buy food in Germany. It all gets recorded on the blockchain at some point. And it allows me to hold bitcoins as my main currency.

Why do you pay rent instead of own being in this game so long? why do you do all of this dorky payments instead of using a debit or credit card? why would you prefer your payments get recorded on a public blockchain vs a private bank or credit card leger that only you can see? Why would you care if you hold bitcoins as your main currency?
curious questions for mr elwar

I rent because 4 years ago I set a goal to make enough money to retire in 5 years. That meant that every decision in my life revolved around making the most money I possibly could in that short amount of time. In order to help in doing this I made it a point to make my living arrangement as flexible as possible, I sold everything I own other than what can fit in a carry on and backpack. This allows me to take a higher paying job at the drop of a hat. I have even told my employers that if I have to go live in some hot, dark jungle with bombs falling all around me I would take the job as long as the pay was higher. In my line of business being mobile is a huge plus. I literally left Germany for a job in Afghanistan with 5 days to prepare.
I got rid of my credit cards years ago. Even if you plan on paying them off every month, life bites you in the ass sometimes and you use them as a crutch if you don't think you have enough money for the bill that month. Which usually ends in the card owning you. No debit card has made things difficult at times because things would be easier to just go to an ATM but I would be charged ATM fees plus currency conversion fees. I have been able to use bitcoins for such things in all but one instance on the Cambodian border.

I don't really care about my transactions being recorded publicly. I mainly pay rent and shop on Amazon if you want to see .14 bitcoins being sent from my address or .04 bitcoins being sent. In my line of work I can never do anything illegal and I never do (that I know of...everyone breaks some law). If I wanted to hide my purchase (buying a sex doll or whichever) I would just send money directly from an exchange or whichever. I do think privacy is important and believe it can be done if you want to, and LN will make that even more possible. With my line of work, the government knows everything there is to know about me.

I hold bitcoins as my main currency because it is the most convenient currency for me to hold and the value of my currency does not have the built in feature of losing value over time. I am not sure which currency I would hold if it wasn't bitcoin. Dollars? Euro? Won? I buy Won sometimes for spending money, I meet some guy in Seoul and he gives me a great rate, better than I could get from converting dollars to Won. I don't have a bank here in Korea. Bitcoin is much easier than trying to deal with all of that. I remember calculating the daily increase of value my bitcoins had in 2013, it was 1% per day. I converted each paycheck to bitcoins at a cost of 1%. That meant that if I got paid, then waited one week before purchasing something with that money, I made 6% return. Why would I only want to get 6% return on a small part of my pay when I could get that return on all of my pay? By looking at it as bitcoin being my main currency I don't play the game of keeping some dollars for spending then keep a certain percentage of bitcoins and go back and forth or whichever. Just do full on bitcoin and don't worry about playing that game. You can live on bitcoins, there's no reason not to.