Even if various Stellar wallets / interfaces don't directly let you say how much of what to send that you don't have, definitely some, such as FoxletStellar which I use, do let you say how much you want of what and see how many of each thing you already have it would take to get that, so at worst you could use that to get what the merchant wants then send what they want.
I cannot see my LOBSTR on phone at the moment as it is on a phone most of whose screen is blacked out by cracks but I do recall it has an ability to display a 2-D code of what you want, that a merchant for example coulde use, then customer's phone would look at that displayed code to create a send transaction to send it.
Just not sure if it includes the automatic conversion ability from thigns you have to what the merchant wants.
-MarkM-
Topic: Living only on crypto: Possible in 2025? (Read 215 times)
But as for wallets in smartphones, we can use them as well if the shops and merchants accepts them directly.
I think Stellar is supposed to be able to do this as a built-in feature, though I am not sure offhand whether specific smartphone wallets such as for example LOBSTR have or have not provided access to that feature.
In theory you are supposed to be able to tell Stellar what asset the recipient wants to receive how much of and it shows you for each asset you have how many it would take to have that happen, so you can pick from your portfolio which you want to use to make the recipient receive what they want.
-MarkM-
I can't remember what was that but it had gained traction for a season but then became forgotten up to this point. If Stellar was supposed to be this project to do it, that's good if it became to a point of potential.
But it didn't pushthrough, right? although that's still popular nowadays as a crypto itself.
There will come a time when fiat money and other traditional currencies will be replaced by cryptocurrency for purchasing products and services. This shift is driven by the decentralized nature of cryptocurrencies and the use of blockchain technology. While this change may not happen immediately it is approaching. The transition from traditional money to cryptocurrency is inevitable and will bring about significant advancements in the financial system.
doubt that, government in general won't let their fiat be replaced, because then they can't control the economy, fiat is a good tool to control the economy, maybe traditional cash will be replaced by CBDC, but definitely not decentralized crypto, though crypto might be used as an alternative of payment, there's reason why many countries decide to recognize crypto as commodity only for investment because they don't want it to be used as currency. so in the future i think things will more or less stay like this.We can go with this idea, but first we need to be had all requirements which give better use case with all material which are important while currently we have few things which are giving good advantage and this could be also go good with just few miner changes in the future.
As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.
I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?
I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?
I think it is possible that what the op says will happen, but it just doesn't seem like it yet, because there are still many countries that don't believe in other cryptocurrencies except Bitcoin which is really proven and tested.
Maybe unless the country you are in is like El Salvador, what you are saying can happen, op, then there are other countries that at least have other merchants who accept bitcoin
payments in their business as far as I know.
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In my opinion, it's too early to believe this will come through, not in 2025. Crypto is going mainstream already and there are many countries that the citizens are spending crypto directly to purchase their daily needs but it's not generally acceptable yet by majority of people and that's why I think that we can not live only on crypto this year but hopefully in near future.
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There will come a time when fiat money and other traditional currencies will be replaced by cryptocurrency for purchasing products and services. This shift is driven by the decentralized nature of cryptocurrencies and the use of blockchain technology. While this change may not happen immediately it is approaching. The transition from traditional money to cryptocurrency is inevitable and will bring about significant advancements in the financial system.
doubt that, government in general won't let their fiat be replaced, because then they can't control the economy, fiat is a good tool to control the economy, maybe traditional cash will be replaced by CBDC, but definitely not decentralized crypto, though crypto might be used as an alternative of payment, there's reason why many countries decide to recognize crypto as commodity only for investment because they don't want it to be used as currency. so in the future i think things will more or less stay like this. 
In our country, banks are against cryptocurrencies. If any of the transactions that you do through your bank account are found to have any connection with cryptocurrencies, your account gets blocked and funds confiscated. They ask you for proof of funds, and if not satisfied, both your account and the money is gone for good.
This sucks and really happening. That's why many of the investors that have used their bank accounts to deposit fiat to their exchange accounts, they've been scrutinzed and investigated by their banks and asked what's the deal. One wrong answer and you'll get that if there will be some scrutiny and questioning but at most times, they don't ask the user and just land down the judgement of stopping the account because of the connection that has been with the use of their service going to a crypto exchange. 
Regulatory complications and the non-acceptance of cryptocurrencies as legal assets in most countries won't let us reach that point too early. There are too many countries that are still completely against cryptocurrencies. If you are talking about some specific countries, then this might be possible in some countries already, but if we talk about the global acceptance of cryptocurrencies as payment methods, we are far from that yet.
Merchants and service providers will only feel confident in accepting cryptocurrencies as payment if the government of their country makes it legal to deal in cryptocurrencies. If a country either has banned them or has no laws about them yet, no merchant would be willing to do that because traditional financial institutions will create trouble for them because they won't let them operate their accounts if they find out about this.
In our country, banks are against cryptocurrencies. If any of the transactions that you do through your bank account are found to have any connection with cryptocurrencies, your account gets blocked and funds confiscated. They ask you for proof of funds, and if not satisfied, both your account and the money is gone for good.
Merchants and service providers will only feel confident in accepting cryptocurrencies as payment if the government of their country makes it legal to deal in cryptocurrencies. If a country either has banned them or has no laws about them yet, no merchant would be willing to do that because traditional financial institutions will create trouble for them because they won't let them operate their accounts if they find out about this.
In our country, banks are against cryptocurrencies. If any of the transactions that you do through your bank account are found to have any connection with cryptocurrencies, your account gets blocked and funds confiscated. They ask you for proof of funds, and if not satisfied, both your account and the money is gone for good.
As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.
I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?
I can't really wait for that time to come, but for now, it's just too early for that. Most countries are still banning crypto in their country. like in my country, the government didn't ban crypto directly, but the central bank has given all commercial banks orders to ban accounts related to crypto transactions, so crypto has been banned indirectly from the country, so it's just difficult to see any store accepting bitcoin as a payment method because they don't want their business to be compromised.I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?
But with the way the government has tried to discourage the citizens from crypto, most youths in my country are accumulating bitcoin and other altcoins, and they are trading, but they are not just using it as a payment method yet, but all I know is that everything is time, a time will come when they won't have a choice but to free crypto, everyone will be able to do what they like with it.
We all know that the government is against bitcoin just because of their own selfish interest, they have no valid reason for rejecting bitcoin, so they won't later have a choice but to accept it.
But as for wallets in smartphones, we can use them as well if the shops and merchants accepts them directly.
I think Stellar is supposed to be able to do this as a built-in feature, though I am not sure offhand whether specific smartphone wallets such as for example LOBSTR have or have not provided access to that feature.
In theory you are supposed to be able to tell Stellar what asset the recipient wants to receive how much of and it shows you for each asset you have how many it would take to have that happen, so you can pick from your portfolio which you want to use to make the recipient receive what they want.
-MarkM-
As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.
I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?
We're going there. The exchanges have their debit cards as well for which if you've got some stable coins stacked, you'll be able to use it for purchasing things with that card.I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?
IMO, it can be said that you're buying things directly with crypto if the balance you have in there is being used. Although it's not advisable to keep your money in exchanges, if it's for this purpose, you may want to just allot some budget on it for purchase purposes only.
But as for wallets in smartphones, we can use them as well if the shops and merchants accepts them directly.
As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.
I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?
I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?
Elon was close to making this a big dream but he screw everything in 2020. Tesla was ready to accept Doge for motorbike those years but was quickly change and till date no better explanation was provided regarding the reason why they retract on that plan, they also remove Bitcoin completely. If they have allowed it even with a little limitation, it would've sent a big message outside there for people to start accepting crypto as means for exchange worldwide.
There is a great advantage for merchants who wish to accept cryoot as payment but I think there is going to be challenging about it and that's volatility. How do we really deal with sales about volatility. Even Bitcoin can nuke 5% in a day and be like nothing happen and alts do worse like 10% nuke, who is going to be held responsible for the reduction in the amount because not everyone will want to be holding coins receive from sales, they need more funds to buy more goods to keep the business working.
As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.
I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?
If you are using crypto to buy gift cards and buying something with them, how does that even differ from selling crypto for money and buying with it?I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?
Also every crypto debit card or shop that i have seen "accepting" crypto, has been using third party services where the retailer won't even see the crypto. They just get money because third party sells your crypto for you.
So actually when you are "using crypto", you are almost certainly just dumping it for fiat money and paying with that money.
Imho such thing as using just crypto is no way near, because it's just an extra hustle for companies when they need to do taxes on those trades. They have to sell themselves those cryptos as soon as possible, otherwise they would risk the whole company. Because what would that do to their pre-planned budget, if their revenue with cryptos suddenly went down 20% in one day?
I was excited when I saw the topic titled, but unfortunately the body of the thread was actually not what I expected. I expected a question that if it is possible to only work in the cryptocurrency industry and not involved in any other industry. Liking living only on crypto earnings.
But for your question, less than 2% of cryptocurrency enthusiasts are living only on crypto. The industry has not matured to that stage, we still need the government and her fiat.
But for your question, less than 2% of cryptocurrency enthusiasts are living only on crypto. The industry has not matured to that stage, we still need the government and her fiat.
It's too early to tell, why do I say that? The local government is still banning bitcoin/altcoin as a means of payment and fiat will still be maintained by the government.
Imagine if the government legalized any payment using crypto would they have control? Of course not so that's where I think the government doesn't want crypto to be legalized as a means of payment.
If fiat itself where they can survive and have full control.
Imagine if the government legalized any payment using crypto would they have control? Of course not so that's where I think the government doesn't want crypto to be legalized as a means of payment.
If fiat itself where they can survive and have full control.
For 2025, not yet. But some time in the future of course that could happen. Currently, most countries consider crypto as an asset & not a currency. That's one thing that makes living completely using crypto not possible in the near future. Slowly but surely crypto will enter all industries in life, and that's where we will see more mainstream crypto for payments.
It is maybe even just not a good idea, because one nice thing about fiat prices is the prices are thus all in terms of something that goes forever downward in value.
That means you are probably going to be better off buying fiat when it is cheap, buying enough of it to live on through times when it is up in price, so you are always spending cheap fiat rather than fiat that cost you more crypto than it costs in periods when fiat is in a dip as it were.
Simply spending directly makes you vulnerable to ending up spending when it cost you more crypto per unit; the bad times when fiat is, weirdly, actually up in terms of crypto.
In such times you ideally want to be spending fiat that you bought back when it was cheaper, not spending your crypto when crypto is temporarily down compared to the prices sellers of goods are asking for their goods.
Bad money drives out good, in that everyone prefers ideally to spend whatever type of money is losing value fastest.
Thus, ideally spending fiat since over decades or centuries it can totally be relied upon to lose value.
-MarkM-
That means you are probably going to be better off buying fiat when it is cheap, buying enough of it to live on through times when it is up in price, so you are always spending cheap fiat rather than fiat that cost you more crypto than it costs in periods when fiat is in a dip as it were.
Simply spending directly makes you vulnerable to ending up spending when it cost you more crypto per unit; the bad times when fiat is, weirdly, actually up in terms of crypto.
In such times you ideally want to be spending fiat that you bought back when it was cheaper, not spending your crypto when crypto is temporarily down compared to the prices sellers of goods are asking for their goods.
Bad money drives out good, in that everyone prefers ideally to spend whatever type of money is losing value fastest.
Thus, ideally spending fiat since over decades or centuries it can totally be relied upon to lose value.
-MarkM-
Imagine living entirely off crypto alone. It would be a dream come through.
I'm wondering if we're one step closer towards seeing this become a reality?
I'm wondering if we're one step closer towards seeing this become a reality?
Why not? Everything is possible now with cryptocurrency. 16 years ago, people were laughing at the idea of decentralization and no-party transactions, but people are welcoming it now.
For this to happen, we should have a country to model it, and it will cause a domino effect, but expect resistance from the government. But if you ask me, I prefer coexistence because there will always be sectors or countries where its not possible for its people to live only on cryptocurrency.
There will come a time when fiat money and other traditional currencies will be replaced by cryptocurrency for purchasing products and services. This shift is driven by the decentralized nature of cryptocurrencies and the use of blockchain technology. While this change may not happen immediately it is approaching. The transition from traditional money to cryptocurrency is inevitable and will bring about significant advancements in the financial system.
Its too early to make that possible for many cryptocurrency users, in my country alone I have to convert my cryptocurrency to fiat to be able to pay my bills as cryptocurrency is not fully adopted in our country and you can hardly see any shops that offer cryptocurrency for payment and once the government see cryptocurrency as a threat they will restrict and regulate its usage, maybe ten years from now the scenario will be better but not this year.
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