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Topic: goodbye fiat and USD. (Read 1755 times)

brand new
Activity: 0
Merit: 0
October 31, 2018, 11:48:38 AM
i think this is a good new. this will make the market change a lot
brand new
Activity: 0
Merit: 0
October 31, 2018, 11:48:31 AM
If one day the paper money disappears and the money in your pocket or in the bank is no more than paper, then all the countries have adapted or not. If they are not fit, then society will be bad. Will the government let that happen?
hero member
Activity: 2828
Merit: 575
Leading Crypto Sports Betting & Casino Platform
October 31, 2018, 11:08:33 PM
I read the local news, and there is several articles that made me interesting, a few weeks ago, the mobile version of the Bitcoin wallet bitcoin platform decided to eliminate the conversion of bitcoin currencies with USD. then replaced with Satoshi.

the decision was taken to eliminate dependence on fiat currency. because bitcoin capability if converted to fiat, will interfere.

developer samourai wallet says "farewall fiat" or "goodbye fiat".

It will not apply to everything and they just want to hype their project it's better to post the link here so we can read everything about it, it's hard to leave your fiat for Bitcoin they can co-exist but never replace one another I doubt if there is a human alive that can live on bitcoin transactions alone.
newbie
Activity: 16
Merit: 0
October 31, 2018, 10:42:52 PM
When people replace traditional trading methods by automation, and they all use online payments USD and fiat will be replaced by Satoshi. But to replace the USD and fiat, bitcoin and its technology should try to develop further.
full member
Activity: 952
Merit: 107
October 31, 2018, 10:08:33 PM
but people still need fiat to buy bitcoin. you can say goodbye to usd but not all fiat.

What if there are some people who want to enter cryptocurrency for the first time. How they can buy bitcoin or ethereum if they cannot use their fiat money?
you can mine cryptocurrencies (altcoins) and then transfer to bitcoin or Ethereum. then there will be no direct investment of Fiat in coins, and will be an investment in equipment.
too take much time if you do this one. you must buy crypto to people that accept fiat. bounty or mine take long time to earn coin.
I agree. If fiat is not acceptable to exchange in crypto directly, you have to find a person that you can trust and buy a coin to them, for sure they are.going to accept fiat. It could be hard and takes time to earn in bounty but much longer when mine. Everything takes time but I rather work for bounty campaigns because that is less risk.
full member
Activity: 854
Merit: 108
October 31, 2018, 08:12:53 PM
I read the local news, and there is several articles that made me interesting, a few weeks ago, the mobile version of the Bitcoin wallet bitcoin platform decided to eliminate the conversion of bitcoin currencies with USD. then replaced with Satoshi.

the decision was taken to eliminate dependence on fiat currency. because bitcoin capability if converted to fiat, will interfere.

developer samourai wallet says "farewall fiat" or "goodbye fiat".

Even you have read several articles or there is a site that will not rely on fiat platform anymore then still it is impossible for the fiat to be obsolete just because of the crypto currencies. Just think that the whole world are depending on fiat currencies and that not all people know how to use Bitcoin therefore it is impossible for fiat to disappear of just like that.
full member
Activity: 588
Merit: 106
October 31, 2018, 05:36:24 PM
just because the technology is better, does not mean Bitcoin can replace fiat money. I am still skeptical about replacing fiat with bitcoin. because there are still many reasons. especially on value and users. the state will not choose a free system without rules. because the government is a centralized rule system. so we still need fiat to convert bitcoin so that it can be used in everyday life.
sr. member
Activity: 630
Merit: 265
October 31, 2018, 12:04:49 PM
I read the local news, and there is several articles that made me interesting, a few weeks ago, the mobile version of the Bitcoin wallet bitcoin platform decided to eliminate the conversion of bitcoin currencies with USD. then replaced with Satoshi.

the decision was taken to eliminate dependence on fiat currency. because bitcoin capability if converted to fiat, will interfere.

developer samourai wallet says "farewall fiat" or "goodbye fiat".

Well in my own opinion, improvements and innovations in one's living is great but definitely we shouldn't eradicate how we possibly become in the current state of our lives because of the new technology I dont have any disagreements regarding crypto exchanges but I am definitely okay if some of the transaction will be done using personal agreements which I think imposed the natural way of making deal and transactions and it promotes social relationships which is one of the essential things in corporate world.
full member
Activity: 463
Merit: 100
October 31, 2018, 11:55:10 AM
I read the local news, and there is several articles that made me interesting, a few weeks ago, the mobile version of the Bitcoin wallet bitcoin platform decided to eliminate the conversion of bitcoin currencies with USD. then replaced with Satoshi.

the decision was taken to eliminate dependence on fiat currency. because bitcoin capability if converted to fiat, will interfere.

developer samourai wallet says "farewall fiat" or "goodbye fiat".


I think you are absurd, however we are very dependent on fiat currencies. even when I invest and trade I want profit. yes it's a fact, then I withdraw it to become fiat money.
I am not a hypocrite, I like bitcoin and crypto, but I also need paper money.
sr. member
Activity: 597
Merit: 250
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
October 31, 2018, 11:51:06 AM
but people still need fiat to buy bitcoin. you can say goodbye to usd but not all fiat.

What if there are some people who want to enter cryptocurrency for the first time. How they can buy bitcoin or ethereum if they cannot use their fiat money?
you can mine cryptocurrencies (altcoins) and then transfer to bitcoin or Ethereum. then there will be no direct investment of Fiat in coins, and will be an investment in equipment.
too take much time if you do this one. you must buy crypto to people that accept fiat. bounty or mine take long time to earn coin.
sr. member
Activity: 630
Merit: 250
October 31, 2018, 11:41:15 AM
What if there are some people who want to enter cryptocurrency for the first time. How they can buy bitcoin or ethereum if they cannot use their fiat money?
you can mine cryptocurrencies (altcoins) and then transfer to bitcoin or Ethereum. then there will be no direct investment of Fiat in coins, and will be an investment in equipment.
newbie
Activity: 63
Merit: 0
October 27, 2018, 09:42:41 AM
What if there are some people who want to enter cryptocurrency for the first time. How they can buy bitcoin or ethereum if they cannot use their fiat money?
I guess they can use another exchange there is no biggie in that
full member
Activity: 406
Merit: 100
October 27, 2018, 09:37:50 AM
What if there are some people who want to enter cryptocurrency for the first time. How they can buy bitcoin or ethereum if they cannot use their fiat money?
hero member
Activity: 1666
Merit: 565
October 27, 2018, 09:18:04 AM
I read the local news, and there is several articles that made me interesting, a few weeks ago, the mobile version of the Bitcoin wallet bitcoin platform decided to eliminate the conversion of bitcoin currencies with USD. then replaced with Satoshi.

the decision was taken to eliminate dependence on fiat currency. because bitcoin capability if converted to fiat, will interfere.

developer samourai wallet says "farewall fiat" or "goodbye fiat".

i think that this will possible only with a "stable coin". Even if in this last period btc was usually stable, there can be big variation in the future
full member
Activity: 504
Merit: 100
October 27, 2018, 09:12:28 AM
I don't understand why they are saying goodbye to fiat or usd. Fiat is still so valuable and it is more comfortable to use. Especially for people who don't know about cryptocurrency. Fiat will still remain for a long period of time.
legendary
Activity: 1120
Merit: 1000
October 27, 2018, 07:06:32 AM
I don't think so that could happen. People still need fiat and USD. Bitcoin is not a stable currency yet. Although it is heavily use as a Internet currency in many places but still their are many places where Internet and electricity are not present. So in those place fiat currency is only source of income. And another thing is bitcoin is not widely accepted in many country it still ban where as USD is use everywhere and easily exchange with other currency. Fiat and USD are more sustained currency than that of bitcoin.
newbie
Activity: 134
Merit: 0
October 26, 2018, 11:28:13 AM
No. Fiat and usd will remain forever since its under government so govt won't vanish which is why usd won't vanish. I think both will remain forever.
full member
Activity: 756
Merit: 100
October 26, 2018, 11:21:46 AM
I read the local news, and there is several articles that made me interesting, a few weeks ago, the mobile version of the Bitcoin wallet bitcoin platform decided to eliminate the conversion of bitcoin currencies with USD. then replaced with Satoshi.

the decision was taken to eliminate dependence on fiat currency. because bitcoin capability if converted to fiat, will interfere.

developer samourai wallet says "farewall fiat" or "goodbye fiat".


for some reason I feel this post is funny, I guess what you say isn't necessarily happening, even if it happens it will probably take more than a decade. we will never know
the fact is that up to now we still use paper currency and the main thing you are joining here is most of the time to get lucky and then exchanged for fiat money.  Cheesy Cheesy Cheesy

It is not only funny. It is very weird. I cannot even guess that the society will be ready to use only Bitcoins and altcoins. Fiat will live and it will not die ever.
full member
Activity: 700
Merit: 101
BBOD Trading Platform
October 26, 2018, 06:12:27 AM
isn't the price of the crypto currency still measured from the FIAT currency?
why do you say goodbye to the FIAT currency? FIAT currencies will never die, the price of crypto currencies will always be based on FIAT currencies
full member
Activity: 1890
Merit: 101
1xBit 🏆 │ NotYourKeys.org
October 26, 2018, 06:01:38 AM
we don't trust too easily with all the news that is spread and all opinions available, Fiat currencies will continue to exist, will not be replaced by cryptocurrencies, and I'm sure in the future a proper concept and system will be found so that cryptocurrencies and fiat currencies can continue to exist and run together.
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