That is a question many people have!
These are the main ways you can spend Bitcoins:
Some businesses have started accepting Bitcoin payments directly - there is a list of them here and they are growing all the time.
There is also a company called Gyft that allows you to buy gift cards (e.g. Amazon etc) using Bitcoins directly. That way even if a business does not accept bitcoins directly this is a way to get round it.
There are various Bitcoin/cryptocurrency credit/debit cards that allow you to do something similar e.g. Bitpay, Xapo, Shift.
The final option is to use a service like LocalBitcoins or Bittylicious to sell your bitcoins for fiat money.
N.B. Some exchanges may also allow direct conversion to fiat money.
Thank you!! That's very interesting!!
And, then, another question from a beginner! 😜
How are the bitcoins generated? I mean, here for example, you're getting steemits for each vote...but how is this "money" generated? Sorry if I'm a bit silly, but it's been 3 days only in this community and haven't really understand how it works! 😌
It's not silly. It is generated in a similar way to how bitcoins are generated using something called delegated proof of stake.
Regular proof of stake generates new coins or tokens according to how much each account holds, DPOS is similar but uses a combination of elected "witnesses" who run the network (like nodes) and in the case of Steem, voting to allocate the rewards.
So to put it simply a certain amount is produced every day and the majority of it is allocated using votes (depending on how much Steem Power the voter has, more SP = more money).
A small amount also goes to witnesses for running the network.
Very helpful ! Thank you! :)
You're welcome!