Post
Topic
Board Bitcoin Discussion
Re: Barriers preventing you from using bitcoin today/advantages of using bitcoin?
by
HeRetiK
on 28/08/2020, 17:11:14 UTC
#2 I make money by using my Credit Card today Again, Personally, I like CC which is easy to use for purchasing and with autopay I don't even need to think about it after I make the purchase. Plus I get a rebate $ back and an extra month earning a whopping 0.0001% interest  Wink  Even eliminating all of the technical barriers so that bitcoin was as easy as a CC swipe and universally accepted like VISA (better than a Discover card please Wink ) it still would be like me using a debit/check card which I never do today.

Also: The opportunity cost of spending bitcoin rather than fiat.

Of course one can always spend and refill, but that can be (1) relatively cumbersome and (2) come with unwanted tax implications. While your mileage may vary, depending on the available services and tax rules in your country of residence, this will still hold true for most people to some extend.

How to fix this? Wait until Bitcoin reaches a price level where volatility becomes negligible, I guess.