Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend BTC / crypto staying away from banks.
We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?
Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?
-Dave
As for me, it is better where there is a convenient and affordable use of funds. But here you need to correctly understand that if you are talking about using Bitcoin and cryptocurrencies in general as money, then very little has been done for this. For example, if there are points where you can buy goods for BTC and other cryptocurrency, then there are very few such places. In this case, banks win, since with the help of their services you can pay for any product in any store. As for making a profit, this is where there is a fork, where some want to invest in BTC and other cryptocurrencies, since they bring more profit than assets in the bank, and you also own your own funds, and in the bank your funds are protected bank, which at a not very good moment can become a problem to receive them. It is also worth considering the inflation of money, which is gaining momentum right now.