The solution to using Bitcoin as an everyday currency

[Cryptomultiplier]

The solution to using Bitcoin as an everyday currency despite its small  decimal fractions or Satoshi, involves using a Bitcoin wallet which converts your BTC to dollars so you can see it clearly and use for purchase without any maths or racking of the brain, then there's also the Bitcoin payment processor that will automatically convert your Bitcoin into dollars when you make a purchase.

Some great examples of Bitcoin payment processor may include Bitpay, Coingate, BTCpay server, Luno may be for the future emerging crypto currency markets and coin base commerce.
While Bitcoin wallet could include software/hot wallets with easy access to the Internet, mobile wallets for most of our smartphones, web wallets like Binance, kraken, coinbase, we also have the hardware or cold wallets and then the paper wallets which also qualify as a cold wallet.

If more businesses and merchant individuals were to make the use of Bitcoin for payments as basic and necessary as much as they also use Fiat currency for payments and transactions and trades, then the government may have no choice than to openly legalize it, while we are let alone to deal with the taxes.

* What is your excuse for not adopting Bitcoin in your startup or thriving business?
* What's your excuse for not using Bitcoin to pay your bills currently?

[Frankolala]

* What is your excuse for not adopting Bitcoin in your startup or thriving business?

I don't have any business at hand, but when I set up one, I will definitely add bitcoin as an alternative payment method for whoever is interested to pay with bitcoin.

* What's your excuse for not using Bitcoin to pay your bills currently?

What bills are you talking about, because you cannot buy everything you want to buy with bitcoin. My government isn't free with crypto enthusiast, because they're understanding it from the opposite side.

[davis196]

1.Such payment processors already exist, but this isn't the main problem, that stops mass adoption of BTC as an everyday currency.
What stops BTC as a everyday currency is the expected growth in the value/price of BTC and the price volatility.
Would you ever spend BTC on buying stuff, when you know that the BTC price might increase by 25 or 50% tomorrow?

2.Bitcoin and cryptocurrencies are already legalized in most developed countries around the world. I guess that by "legalized" you mean cryptocurrencies being accepted by the governments as legal tender. This would never happen and actually there's no need for cryptocurrencies to be accepted as a legal tender.

[jcojci]

Regulation of course. If my government allow Bitcoin to be additional payment system, I will use it and apply Bitcoin to my business. But if the government prohibit Bitcoin to be used as payment system, I don't want to break it because that can make me in a trouble.

That will break my country law because my government already clear saying that Bitcoin is not money and not payment system. Our people still use fiat to transact and use Bitcoin for the investment and our government tell that Bitcoin as a commodity.

Maybe that will change in the future so I don't have to think about that. I can still use Bitcoin for the long term investment.

[coupable]

* What is your excuse for not adopting Bitcoin in your startup or thriving business?
* What's your excuse for not using Bitcoin to pay your bills currently?

Technically and fundamentally, there is nothing preventing the use of a Bitcoin payment gateway. However, in practice, this requires two basic conditions: First, the service on the site must have a legal activity license that allows the use of Bitcoin as a supported currency, which is not granted by most licensing authorities. Second, the targeted customer niche must be familiar with crypto payment systems and know how to use them. If these two conditions are met, site owners will be required to meet the needs of the market and thus support modern payment systems that are compatible with market conditions.

[SilverCryptoBullet]

Some great examples of Bitcoin payment processor may include Bitpay, Coingate, BTCpay server, Luno may be for the future emerging crypto currency markets and coin base commerce.
While Bitcoin wallet could include software/hot wallets with easy access to the Internet, mobile wallets for most of our smartphones, web wallets like Binance, kraken, coinbase, we also have the hardware or cold wallets and then the paper wallets which also qualify as a cold wallet.

There are enough platforms to buy and spend your bitcoins and main barriers of making Bitcoin as daily spending and currency is legal issues with governmental regulations as well as on chain transaction fees that are expensive with many people.

Bitcoin Lightning Network, layer 2, side chains can be solutions in future.
Sidechain Observer - Projects & current state of development.

Make it more feasible in transaction fee, more people will use it more often.

[Solosanz]

* What is your excuse for not adopting Bitcoin in your startup or thriving business?

No excuse because I don't even have startup or business.

* What's your excuse for not using Bitcoin to pay your bills currently?

Because I have cash and it's accepted by anyone, no one will ask what's that or what's it, no one will look me more than average person, and there's no fees should be paid.

If more businesses and merchant individuals were to make the use of Bitcoin for payments as basic and necessary as much as they also use Fiat currency for payments and transactions and trades, then the government may have no choice than to openly legalize it, while we are let alone to deal with the taxes.

I'm sure people prefer country who not ban nor regulate Bitcoin and they didn't tax it over country who regulate Bitcoin including accept it as a legal tender, but they tax it.

[Swordsoffreedom]

16 years ago, Satoshi created Bitcoin with the sole purpose of turning it into a currency, a peer-to-peer payment method. But in the past 16 years, not too many people want to use bitcoin as a currency, instead, most just want to turn and use it as an investment .  And by now, it can be said that the world has considered it an asset, an investment and not many people are interested in its original concept and purpose anymore. What everyone cares about when it comes to bitcoin is how to get the most profit, including me and you .  So I think it's too late to talk about using bitcoin as a currency .

By the way, I would also like to know . Do you use bitcoin for everyday payments instead of fiat, and do you adopt bitcoin as a payment method for your business?

[iv4n]

* What is your excuse for not adopting Bitcoin in your startup or thriving business?

I don't have a startup & thriving business...

* What's your excuse for not using Bitcoin to pay your bills currently?

Startups, thriving, and all other businesses need to start accepting Bitcoin so I can use it.

Simple as that... Some advanced countries had (and have) all sorts of services, but it's there... I still waiting for some changes in my country. But somehow I am patient, changes will come, and Bitcoin will come. To me, it's just a question of time.

[Queentoshi]

If more businesses and merchant individuals were to make the use of Bitcoin for payments as basic and necessary as much as they also use Fiat currency for payments and transactions and trades, then the government may have no choice than to openly legalize it,

I do not think that the government can be under pressure to legalize use of bitcoin for payments because they see their citizens using it. If the government do not want it, regardless of the pressure from the citizen, they can ban its usage and tag it illegal.

* What is your excuse for not adopting Bitcoin in your startup or thriving business?

We are not all business owners. We do not all have the ability to handle and organize a business.

[Lucius]

~snip~
If more businesses and merchant individuals were to make the use of Bitcoin for payments as basic and necessary as much as they also use Fiat currency for payments and transactions and trades, then the government may have no choice than to openly legalize it, while we are let alone to deal with the taxes.

Merchants shouldn't always be blamed for not accepting BTC as a means of payment, because many accepted it and then removed it after a while - the reason is simple, almost no one or absolutely no one paid anything with BTC. It is true that very few people perceive BTC as a currency, and when it is so difficult to do so, it is difficult to expect any mass adaptation in that direction.

As for governments and legalization, in most countries of the world there are no legal obstacles for someone to enable customers to pay with BTC because no special law is needed for someone to do so. We also saw that BTC as a legal tender in El Salvador ultimately failed, which only proves that no amount of force or obligation will produce results.

Besides, asking governments to somehow approve BTC instead of their fiat is not something we can or should consider realistic - centralized finance is one of the pillars of control of human society.

[asriloni]

* What is your excuse for not adopting Bitcoin in your startup or thriving business?

It's hard to answer this because i'm not a business owner, but i saw most of merchants in my environment reluctant to add crypto due to the volatility.

* What's your excuse for not using Bitcoin to pay your bills currently?

1. Almost not service is adopting crypto.  So difficult to pay may bills with crypto, except using crypto debit card.

2. Volatility as always, you can imagine when i'm preparing like a 300 dollars to pay monthly bill, when i wanna pay it, the price of crypto decreased, then i can't pay my bill caused by impermanent lose.  

[Nalain420]

In the European countries, it will be and we will see Bitcoin at good hype because in last few years, we are watching more people who will take interest in BTC . More people will will mine BTC and it will be famous cryptocurrency all over the World but BTC could not take place of currency because currency had its own place and government want to handle the pockets of public and if BTC will be currency then government will get nothing and government will be against BTC but Trump could take action about that but he is also politician.So, it is looking very hard that BTC will be International currency all over the World but I think it will be more strong.

[letteredhub]

A whole lot of people would prefer hodling their bitcoin than spending it as a result of the growing value bitcoin possesses, the reality is that we all prefer to accumulate than transact with it because in the future your one bitcoin today has the the potential to do times 2 or more in value.

Another concern is that, true that bitcoin can be fractionalize (sotoshi) but where we could be having problems is how do I buy an item of $1 in BTC when just the transaction fee is almost equivalent to the what I am buying. In other words, bitcoin mostly fit in for transactional uses (buying and selling of items) that are with high price value like cars, sofa, house etc. or maybe I am just exaggerating.

[Smartprofit]

In my country, bitcoin is not an official means of payment. From the point of view of national legislation, Bitcoin is property. At the same time, the use of surrogate funds for settlements in my country is strictly prohibited.

In this regard, I do not consider options in which I would purchase goods, works or services for the first cryptocurrency. Also, I do not consider options for accepting bitcoin as payment for the services I provide in my country.

Another thing is the virtual space. In the virtual space, I very willingly accept satoshi as payment for the services I provide. Bitcoin is actually a decentralized protocol for transferring value in the virtual space.

I do not see much reason to use it as a means of payment in the real world (there are many other excellent alternatives).

[Zoomic]

* What is your excuse for not adopting Bitcoin in your startup or thriving business?

I do not own a business yet. Moreover, my country is yet to legalise bitcoin as a legal tender. Even if I must adopt Bitcoin in my business, the success of it will depend on the customers if they will be willing to carry out transactions with bitcoin.

* What's your excuse for not using Bitcoin to pay your bills currently?

Since bitcoin is not legalised yet, paying my bills with bitcoin isn't yet a priority. Especially when I know the business owners may not accept it.
Many people already know that there are wallets where they can convert their bitcoins to fiat to carryout easy transactions.  But then, how many people own bitcoins with the aim of using it as a currency? The truth is, volatility has forced many to hold bitcoin as an investment instead of the digital currency it was intended to be. Every bitcoin enthusiast will have to change their mindset about bitcoin to be able to use it as a currency.

[Findingnemo]

Isn't that we already have fiat value on every wallet we use? I can see that on Electrum.

The reason for no adopting as payment goes beyond the mentioned reasons, Bitcoin transactions are slow and the network can't handle thousands of transactions every second and for that we have LN now but it's kind of not user friendly when it comes to an average joe who is not a nerd.

The solution can be, bringing swiping or tapping of crypto debit/credit cards on pos machines. And we also need governments to encourage the crypto adoption but it isn't happening either.

[Ultegra134]

Isn't that we already have fiat value on every wallet we use? I can see that on Electrum.

The reason for no adopting as payment goes beyond the mentioned reasons, Bitcoin transactions are slow and the network can't handle thousands of transactions every second and for that we have LN now but it's kind of not user friendly when it comes to an average joe who is not a nerd.

The solution can be, bringing swiping or tapping of crypto debit/credit cards on pos machines. And we also need governments to encourage the crypto adoption but it isn't happening either.

This is the only solution. Bitcoin isn't the most convenient currency for daily transactions, perhaps we can learn from El Salvador's case, but I still don't think its viable. Debit cards such as Binance's (which has been discontinued) Bybit etc. are decent alternatives. Still though, I personally wouldn't use Bitcoin to buy groceries or to pay my electricity bill, we can already do that with fiat currencies and it doesn't solve any actual problem, is it? What benefit do I get from paying a centralized institution, such as fuel, or my bills, with Bitcoin?

Whether some of us admit it or not, Bitcoin has become more of an asset than a currency, if we ask 1,000 people here, the largest majority won't claim that they use it as a currency in their routine.

[Roseline492]

* What is your excuse for not adopting Bitcoin in your startup or thriving business?
* What's your excuse for not using Bitcoin to pay your bills currently?

As for me I don't have any excuse of not using Bitcoin to pay my bills because non of the places I have gone to for shopping ever talk about anything Bitcoin or even digital investment associated discussion, so there no way you can make yourself pay those things with Bitcoin, if there is an option for Bitcoin bills payment then is a different story but this one asking to pay with Bitcoin is like telling them to either stay away or be careful with you, however the same reason is also apply on someone who is starting a business, so excuse is not the problem but people are the reason.

[ovcijisir]

Isn't that we already have fiat value on every wallet we use? I can see that on Electrum.

The reason for no adopting as payment goes beyond the mentioned reasons, Bitcoin transactions are slow and the network can't handle thousands of transactions every second and for that we have LN now but it's kind of not user friendly when it comes to an average joe who is not a nerd.

The solution can be, bringing swiping or tapping of crypto debit/credit cards on pos machines. And we also need governments to encourage the crypto adoption but it isn't happening either.

This is the only solution. Bitcoin isn't the most convenient currency for daily transactions, perhaps we can learn from El Salvador's case, but I still don't think its viable. Debit cards such as Binance's (which has been discontinued) Bybit etc. are decent alternatives. Still though, I personally wouldn't use Bitcoin to buy groceries or to pay my electricity bill, we can already do that with fiat currencies and it doesn't solve any actual problem, is it? What benefit do I get from paying a centralized institution, such as fuel, or my bills, with Bitcoin?

Whether some of us admit it or not, Bitcoin has become more of an asset than a currency, if we ask 1,000 people here, the largest majority won't claim that they use it as a currency in their routine.

I sure don't use crypto as a currency, specially BTC. High fees, volatility, relatively slow blockchain - those are the reasons why BTC transactions are impractical in daily life. On other hand why would anyone use something that he knows will be few times more expensive in a few years?