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Topic: goodbye fiat and USD. - page 11. (Read 1824 times)

full member
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October 09, 2018, 03:47:40 AM
#45
I'm not sure if that happened. even though that happened, not in the near future. there must be a lot of consideration in removing fiat value to bitcoin
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D E P O S I T O R Y N E T W O R K
October 09, 2018, 03:35:36 AM
#44
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".

Im a little bit wonder if what's going on in it in the future but I think farewall fiat , because it's not easily to remove the people who capable and comportable to use fiat rather than use other.This is only my opinion .
member
Activity: 400
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October 09, 2018, 01:50:27 AM
#43
   I don't believe it will happen because until now bitcoin still converted into dollar. Even bitcoin can be uuse widely in terms of medium of payments. Everything in cryptocurrency still need fiat money to convert.

As of today we can really say that this will going to happen. The thing today is that the bitcoin does not have the capability to do so therefore we can just hope for the bitcoin to grow and come to the future that the bitcoin has the value more than what the fiat has.
jr. member
Activity: 210
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October 09, 2018, 01:46:14 AM
#42
It seems to me that this is too optimistic forecasts about Bitcoin. it seems to me that we will be dependent on the dollar for a very long time and there is nothing wrong with that
jr. member
Activity: 336
Merit: 5
Most Advanced Crypto Exchange on the Blockchain
October 09, 2018, 01:39:54 AM
#41
It is a bit premature to eliminate fiat and USD right now, there is still quite a long road ahead before that happens. When venezuela successfully adopts petro we can start to think about it
sr. member
Activity: 2016
Merit: 456
October 09, 2018, 01:15:10 AM
#40
We can’t say goodbye to using fiat currency since it’s a physical asset as means of mode of payment from our day to day life. Maybe if Bitcoin will be accepted thoroughly and globally instead maybe theres a chance of not using fiat anymore.
right, to get to such conditions i think it still takes a long time. there are still many countries that are not ready to legalize cryptocurrency, with various problems, such as money laundering and terrorism
yes that is true, besides there are still many countries that oppose crypto there are still many countries that are not ready to use crypto because the facilities and infrastructure are still inadequate for all using crypto, so it's still very long to say goodbye to fiat and USD.
well, the development for cryptocurrency is very fast, but I think it's still very difficult to replace fiat, and dollars, especially when these two things are being sought by everyone. Well, there are still many obstacles in Crypto, so I also feel that it is still difficult to replace Fiat.
jr. member
Activity: 412
Merit: 3
October 09, 2018, 12:56:44 AM
#39
I think Fiat only loses value, not in some countries bitcoin is still not accepted so Fiat or usd still important
full member
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October 09, 2018, 12:54:11 AM
#38
We can’t say goodbye to using fiat currency since it’s a physical asset as means of mode of payment from our day to day life. Maybe if Bitcoin will be accepted thoroughly and globally instead maybe theres a chance of not using fiat anymore.
right, to get to such conditions i think it still takes a long time. there are still many countries that are not ready to legalize cryptocurrency, with various problems, such as money laundering and terrorism
yes that is true, besides there are still many countries that oppose crypto there are still many countries that are not ready to use crypto because the facilities and infrastructure are still inadequate for all using crypto, so it's still very long to say goodbye to fiat and USD.
sr. member
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"STAY IN THE DARK"
October 09, 2018, 12:42:09 AM
#37
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".
We still comparing the price of bitcoin with USD,Isn't it?

All the people who were speculating only see the crypto currency interms of fiat and the most common wallet like coinbase and blockchain.info wallets are comparing the holdings with USD or other local currencies but that is a good initiative which can help the people not to panic sometimes.
jr. member
Activity: 196
Merit: 4
October 09, 2018, 12:34:56 AM
#36
Those new in cryptocurrency and want to invest in it,  what will they use to get crypto is it not fiat?
Yes still fiat. They have to use other exchangers so they can have bitcoin, this is just an initiative that samourai wallet wants to do.

However, price of bitcoin still depending on USD/fiat.

I was going to ask this. If bitcoin stops depending on fiat completely, then will the price of bitcoin finally increase? Somehow, I am having a hard time seeing bitcoin depart from relying on fiat/USD.
Zrs
sr. member
Activity: 299
Merit: 250
October 08, 2018, 10:54:20 PM
#35
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".

Bitcoin price still now calculate using USD.In fact when we need to sell bitcoin,always we consider usd to make the calculation easier. So I don't think there will be good bye for usd in bitcoin industry.
full member
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October 08, 2018, 10:38:06 PM
#34
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".
give the article link that you read, it doesn't make sense if bitcoin lives without fiat, how do people buy and exchange bitcoin, what do you think
sr. member
Activity: 1344
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October 08, 2018, 10:30:07 PM
#33
We can’t say goodbye to using fiat currency since it’s a physical asset as means of mode of payment from our day to day life. Maybe if Bitcoin will be accepted thoroughly and globally instead maybe theres a chance of not using fiat anymore.
right, to get to such conditions i think it still takes a long time. there are still many countries that are not ready to legalize cryptocurrency, with various problems, such as money laundering and terrorism
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TRADE WITH NEGATIVE FEES
October 08, 2018, 10:05:28 PM
#32
We can’t say goodbye to using fiat currency since it’s a physical asset as means of mode of payment from our day to day life. Maybe if Bitcoin will be accepted thoroughly and globally instead maybe theres a chance of not using fiat anymore.
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Activity: 122
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October 08, 2018, 09:35:45 PM
#31
I have a belief in Bitcoin, but I think Bitcoin and fiat will co-exist for a long time.
The fiat is backed by the state apparatus, and the Bitcoin is backed by mathematics.
Both sides have the reason to exist for the foreseeable future.
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Activity: 728
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October 08, 2018, 09:25:33 PM
#30
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's a pretty disadvantage for me. Satoshi has a relatively low value and we need to do more to quickly calculate a specific value. I used to use USD rather than Satoshi. Hope it adds Satoshi unit rather than USD.
full member
Activity: 392
Merit: 103
October 08, 2018, 09:10:54 PM
#29
Will easy to say goodbye but hard to do it. Because lot of people didnt still know about crypto especially to those old people. Thats why its so hard to say farewell on them and infact there are some people and country against crypto. Maybe in the futurr there will be cashless society but today its impossible.
full member
Activity: 1489
Merit: 150
October 08, 2018, 09:09:07 PM
#28
can you include the news link? now the price of bitcoin is still referring to USD / fiat, I think the conversion of BTC prices to USD is still good because USD has been worldwide for payments, purchases and others. usd can bring the development of bitcoin until now, initially all crypto players certainly buy bitcoin with usd, now those who can buy it with local currency are provided at the exchange place in their respective countries
Yes, I agree with you. Currently Bitcoin without USD is like a nightless day if you see USD is an exchange of bitcoin into real money or Fiat. So to say that we have to part with paper money or USD, I don't think it's time to part with the USD. But if you just eliminate the USD symbol and replace it with Satoshi, that is a good thing.
member
Activity: 308
Merit: 11
October 08, 2018, 09:03:52 PM
#27
then give all the fiat do you have to me Grin
ups, sorry bro! all the fiat that I have has become bitcoin and ETH. I regret, because I was late knowing bitcoin, so, part of my company's salary, I always use it to buy bitcoin and ETH or other digital currencies.


It turns out that in this case you don't need fiat in everyday life, all your fiat has been exchanged for digital currency. Do you really not need fiat anymore? Do people around you do like you?
newbie
Activity: 28
Merit: 0
October 08, 2018, 08:51:41 PM
#26
Could you please tell me where you got that information from? Any link or source? I don't think fiat and USD will disappear in the future
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