I think you nailed it here. Most of what we need for our living is tied to fiat currency. And while we say we want to live from our crypto, we do sell it for fiat to use it in our daily lives. For me, it´s not because I buy unnecessary things, but because I need it. And yes, I know that is not an excuse because it´s exactly what you are saying.
To actually live from crypto I think there need to change a lot and the move El Salvador is making is a very big move. It´s a move for the history books. And it shows that the adoption is getting bigger every day. In the future, and I don´t think it is very far away, it will be possible to really live from crypto.
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Out of curiosity, what would you do if crypto didn't exist?
That's not such a difficult question to answer. I have lived in that situation for a few years. I lost my job due to circumstances. I am not eligible for benefits because I live together. My partner earns a salary that is just over the minimum and given that my job search was unsuccessful, my bank account remained empty. Literally 0 euros and I suddenly became dependent on my partner. I think that is a very unhealthy situation and that is how I ended up in crypto.
In this way I was able to earn some money, and thus contribute to living expenses that were out of reach for his salary alone.
We don't live excessively, we don't do crazy things, we don't buy expensive things and try to save. But if ever something needs to be replaced that is just necessary ... yes I do use crypto for that.
What I would do if crypto didn't exist is not much different from what I do now. Very frugal living and making sure I don't build up debts. And try to look for other ways to make money.
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Can I use this quote at the end of my next post in a few minutes?
Sorry for the delay in my answer. But yes, of course!
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