Remember, people can use Local Bitcoins or the local trader feature in the very excellent Mycelium Bitcoin wallet, and buy BTC directly for cash from locals in your area. This is done worldwide all of the time. Also some ATM style machines are around that take cash for BTC but fees are significant. Why would you go through the trouble of paying a high transaction fee or a possibly creepy face to face trade? For those wonderful anonymous bitcoins! Your spending will be tracked if you buy them on a regulated exchange. Sooner or later.... count on it.
You are viewing a single comment's thread from:
I'm not gonna try to talk a newbie through all of that. This video was for people that are brand new to all of this and just showed-up on Steemit because of all the buzz about it being "that new social media site that pays its posters."
Going from fiat to crypto and back is not very easy. Totally agree. Learning curve is rather YUGE. Much work needs to be done.