I am a bitcoin enthusiast and I wish to spend some of my bitcoins instead of fiat. Unfortunately, I am unable to do so because of its slow pace of acceptance in my country. I really want to promote the bitcoin circular economy but I can't. I dream of day in my country where I can earn in bitcoin and spend in bitcoin. I dream of the day where, even though I need to keep my bitcoin secure in a cold storage, I can still have say $100 worth of BTC in a hot wallet that I spend to buy goods and services from people who accept bitcoin. The idea will be to spend from this hot wallet for purchases while promptly replacing it. That is, after spending the $100, I simply buy another $100 worth of Bitcoin to refill the hot wallet. I remain optimistic that my dream will eventually come true in my country. In the meantime, I would be happy to hear the experiences of bitcoiners who are already living my dream bitcoin circular economy in their country. What is it like for you?
The ability to spend BTC in the economy has been confirmed by El Salvador, where people have been able to use the Lightning Network to make micro-payments easily, quickly, and at a very low cost. The only remaining issue is the legality and acceptance of BTC in your country's economy. I hope you have a government that is friendly to BTC and crypto, and it would be better if they are willing to accept BTC in the financial system as a means of payment.
In my country, crypto are only considered commodities, we can trade and own crypto but are not allowed to use crypto as a substitute for fiat in payments. That is the way for the government to protect the role of fiat in the economy. Using BTC in payments would be the quickest and easiest way for us to get a fast ticket to jail
