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Topic: Please enlighten me - page 3. (Read 460 times)

legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
April 13, 2022, 02:16:02 AM
#6
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.
Possibly on countries that completely embraced bitcoin and blockchain tech. So far El Salvador is the leading on countries accepting cryptos. But Im not sure if all services and and stores accepting already crypto, more likely only btc. If you have some altcoins then might convert it to that and use it there. But of course other  countries are not affiliated on that so maybe you only got some few ones to used it with.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
April 13, 2022, 02:06:19 AM
#5
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's possible and again not exactly very easy.
When buying, use P2P exchanges where they do not need KYC. When selling then use P2P too and instead of using cash handling apps, use person to person cash dealing. You can not just do it like that. If you build up a private network around you then this become easier. Now this private network does not mean that you will need to know the others. You can easily do it by anonymous communication.

Like I said it's possible but not exactly very easy.
legendary
Activity: 2366
Merit: 2054
April 13, 2022, 02:02:03 AM
#4
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.
too difficult right now, because all instruments still need fiat to exchange with life necessities. Try to searching self, if you find that dream place, then move it there.
legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
April 13, 2022, 02:01:54 AM
#3
Living exclusively on crypto is not possible at the moment (except maybe where Bitcoin is accepted as a level tender). There are lots of online services you can finance with crypto,l Bitcoin, and depending on your country's acceptance to cryptocurrencies, some physical stores and merchants could accept it as a medium of payment, but that's the extent of which it can go. Search around your country to know how far this extent goes and how much you can get directly with crypto.

Also crypto is a general term to describe thousands of coins. You will have to specific on the currency and how receptive the country is to it.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
April 13, 2022, 01:56:56 AM
#2
I've been wondering, is there a way to live by crypto alone and stay away from Fiat?
Unless your country accepts bitcoin/crypto on brick and mortar stores, then no. We're really not "there" yet.

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.
You can't have total privacy, but you can increase your privacy by not using KYC exchanges. There's a reason why we heavily recommend no-KYC P2P platforms here!

https://localcryptos.com/
https://hodlhodl.com/
member
Activity: 263
Merit: 15
April 13, 2022, 01:52:51 AM
#1
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.
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