how to implement a change from a currency fiat to a cryptocurrency

jonval21

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I love the Cryptocurrency world

Quote from: Loveydovey04 on September 10, 2017, 01:56:35 PM

Quote from: jonval21 on September 07, 2017, 09:41:56 PM

I was thinking about the possibility that a country can implement a change in its current currency fiat to a cryptocurrency the question is what is the best way to make this change ?

Quote from: jonval21 on September 07, 2017, 09:41:56 PM

I was thinking about the possibility that a country can implement a change in its current currency fiat to a cryptocurrency the question is what is the best way to make this change ?

You mean changing a local currency of a certain country into a cryptocurrency? It has to start with their law. Their constitution no? It is like changing a nations local currency into something new. The old money that people holds has to be surrendered in the banks to be changed in to a new currency or else they are going to forfeit all their holdings.

yeah the idea is to change actual fiat currency into a cryptocurrency, changing what ever it takes. the law and constitution must be changed of course.

Loveydovey04

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Quote from: jonval21 on September 07, 2017, 09:41:56 PM

I was thinking about the possibility that a country can implement a change in its current currency fiat to a cryptocurrency the question is what is the best way to make this change ?

Quote from: jonval21 on September 07, 2017, 09:41:56 PM

I was thinking about the possibility that a country can implement a change in its current currency fiat to a cryptocurrency the question is what is the best way to make this change ?

You mean changing a local currency of a certain country into a cryptocurrency? It has to start with their law. Their constitution no? It is like changing a nations local currency into something new. The old money that people holds has to be surrendered in the banks to be changed in to a new currency or else they are going to forfeit all their holdings.

AGD

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Quote from: jonval21 on September 08, 2017, 03:23:16 PM

Quote from: AGD on September 08, 2017, 02:51:44 AM

Quote from: susila_bai on September 08, 2017, 02:38:09 AM

Quote from: jonval21 on September 07, 2017, 09:41:56 PM

I was thinking about the possibility that a country can implement a change in its current currency fiat to a cryptocurrency the question is what is the best way to make this change ?

Just read the highlighted message where the OP clearly giving hint of that he asking that possibility that a country can IMPLEMENT a change in its current currency fiat to a CRYPTOCURRENCY, What does it means then. and you are still arguing that your comment was correct on the topic

I thought there was no need to read the same question again. Title has clearly asked 'how to change fiat to crypto' and my answer was correct.

sorry the missunderstanding the question must be how a country can implement a change in its current currency in this case fiat to a cryptocurrency

I didn't misunderstand, but you asked a different question in your title, than in your posting.

susila_bai

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Quote from: jonval21 on September 08, 2017, 03:23:16 PM

Quote from: AGD on September 08, 2017, 02:51:44 AM

Quote from: susila_bai on September 08, 2017, 02:38:09 AM

Quote from: jonval21 on September 07, 2017, 09:41:56 PM

I was thinking about the possibility that a country can implement a change in its current currency fiat to a cryptocurrency the question is what is the best way to make this change ?

Just read the highlighted message where the OP clearly giving hint of that he asking that possibility that a country can IMPLEMENT a change in its current currency fiat to a CRYPTOCURRENCY, What does it means then. and you are still arguing that your comment was correct on the topic

I thought there was no need to read the same question again. Title has clearly asked 'how to change fiat to crypto' and my answer was correct.

sorry the missunderstanding the question must be how a country can implement a change in its current currency in this case fiat to a cryptocurrency

So it means that he only read the thread title and started to comment but did not read the comment of the OP. Now that you have cleared that your intention were what you had commented and what i had replied is correct.

jonval21

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Activity: 588

Merit: 111

I love the Cryptocurrency world

Quote from: AGD on September 08, 2017, 02:51:44 AM

Quote from: susila_bai on September 08, 2017, 02:38:09 AM

Quote from: jonval21 on September 07, 2017, 09:41:56 PM

I was thinking about the possibility that a country can implement a change in its current currency fiat to a cryptocurrency the question is what is the best way to make this change ?

Just read the highlighted message where the OP clearly giving hint of that he asking that possibility that a country can IMPLEMENT a change in its current currency fiat to a CRYPTOCURRENCY, What does it means then. and you are still arguing that your comment was correct on the topic

I thought there was no need to read the same question again. Title has clearly asked 'how to change fiat to crypto' and my answer was correct.

sorry the missunderstanding the question must be how a country can implement a change in its current currency in this case fiat to a cryptocurrency

Oroplata

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Every country has a different form of government. In my country a legislative concession is a better way for implementing changes in the current form of currency.

AGD

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Keeper of the Private Key

Quote from: susila_bai on September 08, 2017, 02:38:09 AM

Quote from: jonval21 on September 07, 2017, 09:41:56 PM

I was thinking about the possibility that a country can implement a change in its current currency fiat to a cryptocurrency the question is what is the best way to make this change ?

Just read the highlighted message where the OP clearly giving hint of that he asking that possibility that a country can IMPLEMENT a change in its current currency fiat to a CRYPTOCURRENCY, What does it means then. and you are still arguing that your comment was correct on the topic

I thought there was no need to read the same question again. Title has clearly asked 'how to change fiat to crypto' and my answer was correct.

susila_bai

hero member

Activity: 1260

Merit: 524

Quote from: jonval21 on September 07, 2017, 09:41:56 PM

I was thinking about the possibility that a country can implement a change in its current currency fiat to a cryptocurrency the question is what is the best way to make this change ?

Just read the highlighted message where the OP clearly giving hint of that he asking that possibility that a country can IMPLEMENT a change in its current currency fiat to a CRYPTOCURRENCY, What does it means then. and you are still arguing that your comment was correct on the topic

AGD

legendary

Activity: 2070

Merit: 1164

Keeper of the Private Key

Quote from: susila_bai on September 08, 2017, 01:50:24 AM

Quote from: AGD on September 08, 2017, 01:40:23 AM

Find somebody who has Bitcoins in your area (localbitcoins might help), give him the fiat money and he sends Bitcoins to your wallet. Pretty easy.

You are a legendary member and replying like a immature, without reading the OP comment just like that commented , it shows that account selling is in peak.

OP for implementing change of fiat currency to cryptocurrency of a country cannot be happen immediately, It has to take time as lot of procedures and other formalities are their , as currently all affairs of the country are running in fiat currency so to change it will take time and first have to test the change and clear the all problems. So it is not possible in a day or two.

I never sold or bought an account and I probably never will.

To me OP wanted to know 'How to change a fiat currency to a cryptocurrency in a Country', which is absolutely clear for me. Question answered.

If OP really wanted to know if Bitcoin one day could replace fiat, he could have asked that, or he could use the search function and join one of the dozents of topics, where exactly this question has been discussed throughoutly:

Will bitcoin replace today's fiat? What are the advantages / disadvantages?
https://bitcointalksearch.org/topic/will-bitcoin-replace-todays-fiat-what-are-the-advantages-disadvantages-130544

Will Bitcoin be replaced by another cryptocurrency?
https://bitcointalksearch.org/topic/will-bitcoin-be-replaced-by-another-cryptocurrency-1502768

OP could also use Google, which brings up hundreds of discussions about the same topic.

susila_bai

hero member

Activity: 1260

Merit: 524

Quote from: AGD on September 08, 2017, 01:40:23 AM

Find somebody who has Bitcoins in your area (localbitcoins might help), give him the fiat money and he sends Bitcoins to your wallet. Pretty easy.

You are a legendary member and replying like a immature, without reading the OP comment just like that commented , it shows that account selling is in peak.

OP for implementing change of fiat currency to cryptocurrency of a country cannot be happen immediately, It has to take time as lot of procedures and other formalities are their , as currently all affairs of the country are running in fiat currency so to change it will take time and first have to test the change and clear the all problems. So it is not possible in a day or two.

AGD

legendary

Activity: 2070

Merit: 1164

Keeper of the Private Key

Find somebody who has Bitcoins in your area (localbitcoins might help), give him the fiat money and he sends Bitcoins to your wallet. Pretty easy.

jonval21

full member

Activity: 588

Merit: 111

I love the Cryptocurrency world

I was thinking about the possibility that a country can implement a change in its current currency fiat to a cryptocurrency the question is what is the best way to make this change ?

Topic: how to implement a change from a currency fiat to a cryptocurrency (Read 872 times)