Amin Rafiee's wonderful views about bitcoin.. He spent three years only living on this currency in Europe

Talking about Bitcoin's cost which has not recovered since some global authorities started talking about banning it, but some believers say its use goes beyond economic.

image source

Amin Rafiee spent three years in Europe living on Bitcoin. Now he is just back home to Australia.

He was said to be rewarded in the cryptocurrency as he worked as a contractor in different post and characters.

"I would use it to pay my rent, my daily expenses, and find ways where I could exchange it for cash."

"Back then it was a lot harder, but now you have Bitcoin debit cards so you can just register, verify yourself and from there use your Bitcoin or other cryptocurrencies to exchange to fiat money, which is the US dollar or Australian dollar, and like any other VISA card or Mastercard you can use it to pay your bills."

Services are harder to find in Australia, but he believes in the future, most people will have both a cryptocurrency and bank account.

Bitcoin's volatility doesn't concern Amin for now because he sees a future where thousands of cryptocurrencies exist, for different purposes.

"I see it as each currency serves a purpose, so it's like cars. A lot of people say there will only be one coin, but we don't have one car, we have the diesel car, we have petrol car, we have the gas car, we have the electric car, each has a purpose. A person likes the electric car; they buy the electric because they might not like to drive that long distances."

He says stores, for example, will one day have their own cryptocurrency, but to get there, technology needs to improve.

"Currently, Bitcoin and other cryptocurrencies are running on roads that are built on the outdated system, so it's quite hard to see it's true power yet. We need systems to improve; we need it be established enough so it can have its own path."

As the discussion continues about the development of Bitcoin and cryptocurrencies, what seems to have global support is the technology behind them is Blockchain.

 Stephen Koukoulas says, The Blockchain technology is assigning for the arrangement of transactions to occur suddenly and without the third party in the middle of the trade which of course mean fees and other costs as well.

"So Blockchain is still evolving. "

()

image source

As out of this world as that sounds, believers compare today's cryptocurrency world, with the beginning of the internet, when most of people didn't understand it, nor its potential.

Still, some are trying to cash in at this early stage.

text source

If you liked this post then don't forget to upvote, comment and resteem.