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Al-e_x
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October 07, 2018, 10:26:47 PM
 #1

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".
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October 07, 2018, 10:38:18 PM
 #2

then give all the fiat do you have to me Grin

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October 07, 2018, 10:54:04 PM
 #3

then give all the fiat do you have to me Grin

The article means that there will be no value to the fiat and such. If this will be the case, if this will be given to you this is useless because it does not have a value anymore. But then this will happen in a long time for now. There should be a lot of adjustments to be done and it is not easy to happen.

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October 07, 2018, 10:56:19 PM
 #4

Even with wider adoption there will still be the need to relate the value of Cryptocurrency in terms of fiat. It makes it easier to relate with. It is easier to quote the price of a cup of coffee as 5$ rather than say 0.0009 bitcoins

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October 07, 2018, 10:56:30 PM
 #5

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.

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October 07, 2018, 11:15:51 PM
 #6

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.
Bitcoin and Fiat, can be replaceable. Because both of it already work on their side. But both of them can be collaborated and it is actually bad if we must say good bye fiat, or farewell fiat, because in crypto world, both of it can replace each other.

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October 07, 2018, 11:19:06 PM
 #7

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 like topics and positive news
This is a step on the road to achieving Bitcoin's independence
But to be realistic, we still have a lot to do.

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October 07, 2018, 11:31:13 PM
 #8

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

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October 07, 2018, 11:45:44 PM
 #9

   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.

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October 07, 2018, 11:50:16 PM
 #10

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".


That's possible to say goodbye fiat and usd to replace cryptocurrency or bitcoin in the future but sad to say need to learn of the officials how to control the manipulation of bitcoin price.
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October 07, 2018, 11:57:20 PM
 #11

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.
Bitcoin and Fiat, can be replaceable. Because both of it already work on their side. But both of them can be collaborated and it is actually bad if we must say good bye fiat, or farewell fiat, because in crypto world, both of it can replace each other.
This will be a big domino effect if happens to both sides of fiat and bitcoin. They could either use each other or forget each other but most importantly is that no one should interfere on both side just let it be that way because bitcoin is still depending on USD/fiat just like what batang_bitcoin said.

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October 08, 2018, 12:05:04 AM
 #12

then give all the fiat do you have to me Grin
Exactly fiat  will always be in demand until its worthless at least by someone or a group of people creating a demand which fights the supply of whatever crypto is currently in favor.














 

 

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October 08, 2018, 12:48:26 AM
 #13

why? satoshi is bitcoin, right? why people change the bitcoin wallet from USD to Satoshi, is Satoshi still same with bitcoin? hmm it makes me confused hahaha, i hope their decision is good for bitcoin and all bitcoin user in the world

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October 08, 2018, 12:54:47 AM
 #14

Those new in cryptocurrency and want to invest in it,  what will they use to get crypto is it not fiat?
still they will go to fiat for sure, not unless the bitcoin will be widely accepted by the merchant on a certain place where you can buy ordinary primary commodities in micropayments, but until it happens fiat still the basis for our spending from day to day

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October 08, 2018, 12:59:42 AM
 #15

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.
Bitcoin and Fiat, can be replaceable. Because both of it already work on their side. But both of them can be collaborated and it is actually bad if we must say good bye fiat, or farewell fiat, because in crypto world, both of it can replace each other.
It is collaborating to each other and we're on that point right now.

Having said that its actually bad if you must say goodbyte to fiat. You need to understand why bitcoin is really created and that is to flee from fiat transactions but right now we're living to the era where we are using bitcoin more of a store of value than using it to the traditional way of transactions.

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October 08, 2018, 01:12:25 AM
 #16

I think it's better for everyone to be more realistic about this, surely one day the current economical system will be replaced (hopefully),
but we're faaar from there. who's the opponent of crypto (and who has a reason)? banks and governments, and they still rule the world so  Lips sealed

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October 08, 2018, 01:25:13 AM
 #17

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".

Still they can't eliminate the fact that bitcoin can never replace FIAT. They'll just coexist because there are some people who doesn't even know about the technology of blockchain. There are some remote areas as well that has no access to electricity or the internet.

For me bitcoin will never be a currency. People will forever deem bitcoin as an investment vehicle or a good store of value just like gold.

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October 08, 2018, 01:47:11 AM
 #18

There are still many who don't know about bitcoin and blockchain, so bitcoin will not leave Fiat, maybe in this forum it is able to leave Fiat but in society, bitcoin will not have value.
So bitcoin and fiat will continue to run according to their role and place.

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October 08, 2018, 10:38:33 PM
 #19

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.
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October 08, 2018, 10:43:35 PM
 #20

There are still many who don't know about bitcoin and blockchain, so bitcoin will not leave Fiat, maybe in this forum it is able to leave Fiat but in society, bitcoin will not have value.
So bitcoin and fiat will continue to run according to their role and place.
Yes, I agree with you, Fiat will not be lost and will always be used for transactions, but in the future, Fiat is only for primitive people.

bitcoin will have value, and become a major currency that is always contested by many people, bitcoin will dominate every transaction.
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