Monero is a very good project. Banks may want everything under their control. But now things are changing. Technology presented a new data transfer system. Blockchain takes over new tasks. Banks have to renew themselves.

You should ignore those kind of people like that shitposter he couldn't help our economy and besides you are wasting your time on him.

Back to the topic, I started entering crypto how back how many years ago because of my friend who introduced it to me. At first I am confused if I will be joining or not because I thought it was a scam but when she showed me her proof of earnings I got amazed and finally encouraged to join. As time passes by I earn here a lot of money and most of all is knowledge co'z when i enter here I don't have any idea in what I am going to do and also what is bitcoins and blockchains.

This falls to the concept of buying locally made goods in your country, because basically supporting what you own will make your economy grow, so in bitcoin, if mass adoption occurs, market cap will be affected to hard, but to consider its effect, I see that it will return negatively to the side of currency we mostly use. Economy needs to be balanced, if we are to choose bitcoin in our ways and transactions, we should take into consideration that our fiats would be somehow affected by decrease in value.

I am glad to see someone enjoying the technology even if there is a middleman.
That is what I am trying to explain with my colleagues.
Even though I don't directly use bitcoin in my transactions it still came from earning bitcoin.

Can you do that with gold or silver?
You will need someone first to buy that physical gold which a lot of times is being cut to half of what the real price should be.
Because of the different exchange that opened up a portal for our bitcoin conversion it became reality to us.
I pay my bills using bitcoin.

I only can buy data packet p2p from someone in my country. Because to use bitcoin as payment to buy something is prohibited. So people only do transaction p2p and i think it will need time until in my country we can use bitcoin because to use digital currency beside fiat still prohibited too.

Since only few merchants here are accepting bitcoin as payment I cant spend it directly without using third party.

Thus I have to use our local wallet to be able to use it for spending like loading our mobile phone.

Currently I refrain myself from spending my btc, im saving while I had a chance and a budget to buy.

Technically yes and also that's because how it works, but let's just assume we are using bitcoin to pay bills.

Inflation does still exist no matter what, you can't avoid that. Inflation is required to stabilize the economy.

Same as mine, thanks to cryptocurrency so I can help my family to pay anything.

I use cryptocurrency bitcoin and altcoin only for investing and trading, not available using for legal transaction because my country not available using bitcoin as digital currency payment, but is okey when our government keep legal using bitcoin and altcoin for trading and investing assets.

A lot of advanced platforms have made it easy for us to in-cash bitcoins directly in our native currency in just a few clicks so it does not matter if we can't pay directly to the commodity we wish to buy but indirectly bitcoins handle each such expense for us.

I am constantly surviving my financial situation only with the help of bitcoins and I am great full in saying so because until now I never faced any problem to cashout my bitcoins any time. Bitcoins are a great mean of payment and we do not really need stores accepting bitcoins as we can easily convert our bitcoins into cash and use them anywhere anytime. I personally pay each of my utility bills from the money/profits I get from bitcoins.

I'm also earning my living thru the work online paid directly to my bitcoin wallet (no tokens and no online wallets, yuck). But i do not exchange it for fiat. The fiat in my country is the worst of the planet, when you live in hyperinflation (and access to foreign currencies is restricted) you do not want to keep any of that money (it loses a lot of value every day), but you still need it to purchase things to live.

So, only when the time comes to buy something, and for the approximate amount needed you exchange just that and leave the rest in the wallet as bitcoin savings. So its like a slower version of a payment processor, however the fees are much lower too. Oh the exchanged money in fiat is used electronically too, usually by debit card. Banknotes are very hard to come by, and when they do their purchasing power is minuscule anyway. So think of it like using bitcoin to fill your prepaid card in fiat. Except you get to choose who do you sell it to and for how much (not the payment processor).

The money that comes from, i don't know, people losing their gambling bets? is used to buy food and pay bills here.