Topic: Please enlighten me (Read 460 times)
A brief explainations of the do's and dont's in the cryto world for begginners will help guide them as a guideline which keeps them inline ,when to invest and when to withdraw.
Find a way to become a professional crypto trader then your survival can be on crypto alone, still you will get to the point where Fiat is a necessity, there are billions of businesses and stores out there that doesn't care about the existence of crypto, they will always give you a NO as answer when you ask if you can pay using crypto, maybe very soon or some day but right now Crypto isn't there yet.
Is it possible to use crypto without fiat? Definitely not. It is impossible to live on Bitcoin or any other altcoin without fiat currency. The advantages of digital assets over fiat currencies include transaction security and high levels of transparency, but our current system is broken and old-fashioned, so it is very difficult to change. While most of us talk about privacy and decentralization, the fact is that you can't totally get rid of centralization.
I've been wondering, is there a way to live by crypto alone and stay away from Fiat?
Maybe in the future not now fiat is still the current rulling moneytory system in place.
Everyone is talking about privacy and decentralization but Fiat is breaking that boundary always, the moment you want Fiat after having some crypto your privacy is ruined.
Then you should stay away from using any centralized exchanges and make use decentralized exchange to secure your data.
I've been wondering, is there a way to live by crypto alone and stay away from Fiat?
So far, it is difficult. Except your country legalize crypto as a currency and there are many merchants that accept crypto as payment and most people around you are familiar with and using crypto. If none of these, it will be very difficult to realize it. Everyone is talking about privacy and decentralization but Fiat is breaking that boundary always, the moment you want Fiat after having some crypto your privacy is ruined.
exactly, but we also know that decentralization and centralization also have their positive and negative sides. And most people who are against crypto is because they stay for centralization that is considered to have more security and there is a guarantee from the government and also responsible parties, different with crypto that doesn't have it.
How interesting this sounds, but a lot need to be put in place before this could be achieved, in short, we are not there yet–no–not at this time could we live solely on cryptocurrency. Many Government body in the world haven't even accepted (legalise) cryptocurrency to be used as a medium of exchange in their countries–with this, how easy would it be to live solely on it?
Until cryptocurrency is legalised in our various countries and generally accepted in all the places where our daily needs reside (manufacturers, retailers and most importantly wholesalers), it will be most impossible to live solely on cryptocurrencies.
Until cryptocurrency is legalised in our various countries and generally accepted in all the places where our daily needs reside (manufacturers, retailers and most importantly wholesalers), it will be most impossible to live solely on cryptocurrencies.
I've been wondering, is there a way to live by crypto alone and stay away from Fiat?
This can only be possible when you are living in a country where Bitcoin is fully legalised where you can buy even a cup of coffee with the smallest Satoshi. Because apart from that, it's not possible
I wish its possible but at this point in time it's impossible to live on crypto alone without needing Fiat again, maybe in future when crypto has fully turned into a means of payment in every corner of the earth and stores, businesses, markets are all willing to accept coins and tokens.
Don't be faster than your shadow am sure where you are you can't use bitcoin to get everything you want. This shouldn't be a problem to you ,what you need to do with bitcoin is invest in bitcoin that's the most important thing.
Bitcoin is not only for investment but majorly people do more of investment with cryptocurrency especially bitcoin than using it for transaction exchange, what the function of bitcoin is applicable to the function fiat currency, if i should ask you, does fist use for only investment or buying and selling? If is not only for investment bitcoin is not use for investment, i think their ratios is some how applicable
fiat been the currency issued by the government will be controversial in relation to crytocurrency that is a decentralize market. and the government wants control over everything even our privacy. and fiat will warrant government to have access to that. crytocurrency is an investment, a long term investment. so is encourage that one also have other sources of income. since it is not yet accepted in some countries.
~snipped~
Gang-related violence, homicide, extortions, kidnaps are all part of daily life in El Salvador. It's one of the places with the highest murder rates in the world, if not the highest. Back to the OP, I strongly believe the idea of jettisoning fiat completely for Bitcoin will not be feasible until there's a mechanism for evaluating Bitcoin value in terms of fiat. Until Bitcoin stops getting paired with fiat to ascertain what it's worth, it won't be possible to do. No one can completely live off it.
Don't be faster than your shadow am sure where you are you can't use bitcoin to get everything you want. This shouldn't be a problem to you ,what you need to do with bitcoin is invest in bitcoin that's the most important thing.
I've been wondering, is there a way to live by crypto alone and stay away from Fiat? Everyone is talking about privacy and decentralization but Fiat is breaking that boundary always, the moment you want Fiat after having some crypto your privacy is ruined.
Maybe you could live with it if you lived in somewhere where government doesn't care about taxes or what you make and how you invest. If you think privacy is bad with fiat money, how an earth is pseudonymity with open ledgers any better? At some point if ANYONE knows one of your addresses they can track you like in no where else.
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I've been wondering, is there a way to live by crypto alone and stay away from Fiat? Everyone is talking about privacy and decentralization but Fiat is breaking that boundary always, the moment you want Fiat after having some crypto your privacy is ruined.
It is totally early to consider or have the thought of living by crypto alone without the use of fiat currency. Besides, Satoshi Nakamoto created Bitcoin to serve as an alternative payment system, and the last time I checked if you want to use cryptocurrency as day to day payment you will need to go through KYC unless you want to make use of p2p and there's a limit to the product and services you can get through p2p.It has been noticed that many want to live with the use of crypto alone,
Understand that those many that want to live with the use of Crypto alone are enthusiasts cause about 3.9% of the world population are the crypto users and this is last year's stats.and are thinking that this will save and keep their privacy.
Crypto is not privacy from the beginning as you think and getting privacy in crypto requires more effort or making use of a privacy coin.However, the situation had changed already, P2P transactions, major exchanges are now asking for KYC, it looks like from time to time crypto had lost its privacy and just be like fiat and these exchanges turn into banks that we need to submit our personal information.
Thats the price to pay if we want crypto to be mainstream. I've been wondering, is there a way to live by crypto alone and stay away from Fiat? Everyone is talking about privacy and decentralization but Fiat is breaking that boundary always, the moment you want Fiat after having some crypto your privacy is ruined.
It is totally early to consider or have the thought of living by crypto alone without the use of fiat currency. Besides, Satoshi Nakamoto created Bitcoin to serve as an alternative payment system, and the last time I checked if you want to use cryptocurrency as day to day payment you will need to go through KYC unless you want to make use of p2p and there's a limit to the product and services you can get through p2p.I've been wondering, is there a way to live by crypto alone and stay away from Fiat? Everyone is talking about privacy and decentralization but Fiat is breaking that boundary always, the moment you want Fiat after having some crypto your privacy is ruined.
if you can notice, bitcoin is decentralized currency and the world is not operating by decentralized currency instead centralized currency, so since bitcoin is decentralized and not every supermarket or any other business branch can accept bitcoin as exchange of goods, i vividly believe that fiat which is centralized currency is on higher position than bitcoin which is decentralized..so in summary you can't live without fiat currency and bitcoin can't stand alone in the absent of fiat currency. I've been wondering, is there a way to live by crypto alone and stay away from Fiat? Everyone is talking about privacy and decentralization but Fiat is breaking that boundary always, the moment you want Fiat after having some crypto your privacy is ruined.
It is totally early to consider or have the thought of living by crypto alone without the use of fiat currency. Besides, Satoshi Nakamoto created Bitcoin to serve as an alternative payment system, and the last time I checked if you want to use cryptocurrency as day to day payment you will need to go through KYC unless you want to make use of p2p and there's a limit to the product and services you can get through p2p.hero member
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I've been wondering, is there a way to live by crypto alone and stay away from Fiat? Everyone is talking about privacy and decentralization but Fiat is breaking that boundary always, the moment you want Fiat after having some crypto your privacy is ruined.
It is totally early to consider or have the thought of living by crypto alone without the use of fiat currency. Besides, Satoshi Nakamoto created Bitcoin to serve as an alternative payment system, and the last time I checked if you want to use cryptocurrency as day to day payment you will need to go through KYC unless you want to make use of p2p and there's a limit to the product and services you can get through p2p. 
I've been wondering, is there a way to live by crypto alone and stay away from Fiat?
Depending on your country of residence, you may be able to use a services that allow you to pay bills and invoices with cryptocurrency, such as the one that I use here where I live. I understand that transactions are still done in local fiat currency behind the scenes, but I don't mind that. I don't have to deal with fiat if I don't want to. If you need to make small-value transactions and payments in physical stores, you can use crypto debit cards.
You cant totally abandon fiat for cryptocurrency, fiat is still the traditional currency even in countries that have accepted bitcoin as currency. You still need fiat to buy little things which will be small to get with cryptocurrency. You may be in need to buy something of 1 - 3$ and I think that is too small for you to start paying with cryptocurrency.
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