Post
Topic
Board Bitcoin Discussion
Re: The single biggest thing that will bring Bitcoin to the mainstream in 2015
by
QuestionAuthority
on 23/12/2014, 22:02:33 UTC
People getting paid in Bitcoin.

Using bitwage.co, starting in 2015 I will get 100% of my paycheck in bitcoins.


That seems a little risky don't you think considering the price flux of BTC?  Which will either drop or raise the price of goods/services you require to pay with Bitcoin?   Think about it.  Yes you can use services like Coinapult but price really needs to stabilize.  I don't think bitwage will be the thing that creates mass adoption.   There are many other problems to work out.  Just my word.

Risk brings reward. It was risky to buy an untested set of bits that was being called a currency when the price was worth less than $10 each.

Worst case scenario, the price drops to $10 within a few days...that would mean that the next paycheck I would be buying bitcoins at $10. I might have to delay some spending for 2 weeks. But I don't live paycheck to paycheck. So it really wouldn't matter for me.

If you don't live paycheck to paycheck that puts you ahead of about 85% of the rest of the world. You're very lucky. Most people would suffer without their next check. Some of them wouldn't have enough food to last a couple of weeks.

Which is sad since you can cut your spending by 10% for 5 months and you'll be one paycheck ahead (if you get paid every 2 weeks). Considering the amount of junk is under people's Christmas trees right now, they can afford to live on 10% less for a few months to get ahead.

I am glad that Bitcoin will incentivise people to save as opposed to the dollar that incentives spending as quickly as possible.

It is sad. People in supposedly well off countries are living at or below the poverty line. The rest of the idiots have money but spend all as soon as they get it. A few at the top have more money than they could ever spend. I hope Bitcoin can help because people need something to change.