HearQuote
Newbie
 Offline
Activity: 1
Merit: 0
|
 |
October 09, 2018, 03:35:31 PM |
|
That's good news although I don't think it anyhow will diminish the role of fiat in our economies. USD will live on through.
|
|
|
|
|
|
nicster551
|
|
October 09, 2018, 03:40:47 PM |
|
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 think that is far from happening now because a lot of people still do use FIAT and a lot of people don't know about crypto so we should have to wait for a while. |
|
|
|
|
Huskarls
Member
Offline
Activity: 364
Merit: 10
|
|
October 09, 2018, 03:56:42 PM |
|
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".
what happens should be bitcoin, fiat, usd still exist and be sustainable, so it doesn't damage each other. the essence of usd initially is the use of a legitimate currency and has been recognized, it will be difficult to really paralyze this thing especially just because crypto |
|
|
|
|
|
Tramle091296
|
|
October 09, 2018, 04:07:33 PM |
|
Much better to put more evidence like links. this can be possible that USD can be replace by satoshi, but Fiat this will be always the primary use by the people.
I think it will affect on the investors Because most of the investors uses a Fiat to buy bitcoin or convert it since it was the easiest way to earn and trade on cryptomarket.
|
|
|
|
horrifiedx1
Member
Offline
Activity: 602
Merit: 11
|
|
October 09, 2018, 04:10:18 PM |
|
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".
what happens should be bitcoin, fiat, usd still exist and be sustainable, so it doesn't damage each other. the essence of usd initially is the use of a legitimate currency and has been recognized, it will be difficult to really paralyze this thing especially just because crypto how can it cripple usd, there are still many developing countries that are still dependent on them, instead they think they are not ready to use bitcoin. so i think fiat currencies until the end of our lives still exist |
|
|
|
|
indopool
|
|
October 09, 2018, 05:00:01 PM |
|
USD currency is very good because many countries accept it for purchases, sales and more. Even now the price of bitcoin still refers to the USD, initially investors can buy bitcoin only with USD, but after crypto develops around the world, Crypto can be bought with local currency provided at the exchange place in their respective countries.
|
|
|
|
|
indrakusumaindra
Full Member
Offline
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
|
|
October 09, 2018, 05:18:27 PM |
|
Those new in cryptocurrency and want to invest in it, what will they use to get crypto is it not fiat?
Yes its true, fiat does have a important role in our econmy and especially in cryptocurrency, it will take a lot of time to eliminate all fiat. A lot of people still consider cryptocurrency as a investation and not everyone is using it for transaction cause many merchants still not support it. So time will tell when crypto will be major thing to be use in our transactions but i truly believe it would happen eventually. |
|
|
|
|
gabmen
|
|
October 09, 2018, 05:29:48 PM |
|
Those new in cryptocurrency and want to invest in it, what will they use to get crypto is it not fiat?
Yes its true, fiat does have a important role in our econmy and especially in cryptocurrency, it will take a lot of time to eliminate all fiat. A lot of people still consider cryptocurrency as a investation and not everyone is using it for transaction cause many merchants still not support it. So time will tell when crypto will be major thing to be use in our transactions but i truly believe it would happen eventually. Well i think most of us understand that this goodbye fiat thing isn't going to work anytime soon. We may not even be around anymore if that's even going to happen |
Report to moderator . ██████████. .████████████████. .██████████████████████. -█████████████████████████████ .██████████████████████████████████. -█████████████████████████████████████████ -███████████████████████████████████████████████ .-█████████████████████████████████████████████████████. .████████████████████████████████████████████████████████████ .██████████████████████████████████████████████████████████████. .██████████████████████████████████████████████████████████████. ..███████████████████████████████ |
|
|
|
stiffbud
|
|
October 09, 2018, 06:01:09 PM |
|
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 I don't think so that we can easily left fiat currency or USD. Their are so many situations present in which we still need fiat currency for our work. Bitcoin is a electronic currency, which means in order to use it we need electricity and Internet. But these things not present every where and in those place fiat currency are used most. Another thing is bitcoin is decentralised nature and it does not a fully legal currency. In many place it is still ban. Where as fiat currency like dollars are accepted everywhere. |
|
|
|
kzozenberg
Jr. Member
Offline
Activity: 140
Merit: 1
|
|
October 09, 2018, 06:31:39 PM |
|
I do not think that all ATMs will cease to perform this function. I think that traditional currencies should work as a whole with cryptocurrency.
|
∨∧∨∧∨∧∨∧∨∧∨∧ [ BRAVO ] Send and receive anonymous and instant payments with the power of blockchain ∨∧∨∧∨∧∨∧∨∧∨∧
https://bvo.trybravo.com/ |
|
|
|
Reid
|
|
October 09, 2018, 06:40:22 PM |
|
then give all the fiat do you have to me  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. Then he said this. You are referring to your salary which is fiat. Ain't you going to have a problem when your salary comes and you cannot buy bitcoin anymore. If it is samourai like what you said then it is a good step for them. Although this world is still relying on the traditional fiat. Remember, "traditional". You must first kill that tradition to replace it with something new. I am a bitcoin fan but this is how the real world goes and you cannot just change that in an instant. |
|
|
|
|
khaled0111
Legendary
 Online
Activity: 2534
Merit: 2873
Top Crypto Casino
|
|
October 09, 2018, 06:47:52 PM
Last edit: October 11, 2018, 09:25:09 AM by khaled0111 |
|
It is too early to say that. People that know about Bitcoin and the amount of money invested in it are not enough to make Bitcoin replace FIAT. (Can you tell us the name of the developer that said "farewall" Fiat!! |
|
|
|
RichieLuck
Newbie
Offline
Activity: 22
Merit: 0
|
|
October 09, 2018, 07:28:19 PM |
|
for sure in the future we will say that, its going there,just slowly,but going. Right now its still to early,cryptomarket is too young. but fiat will fall definately.
|
|
|
|
|
|
Coroline
|
|
October 09, 2018, 07:28:32 PM |
|
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".
in my opinion it would be better, converted with satoshi, because all this time bitcoin is highly dependent on converted USD, hopefully it will make the price of bitcoin better, because it doesn't depend on USD |
|
|
|
|
|
Ucy
|
|
October 09, 2018, 07:29:02 PM |
|
I do not think it is a very good idea. People will eventually check the fiat price on Google or some other places. This is the problem with non-profit things... It is free, people don't have choice and will use it anyways. A profit driven wallet would do everything it can to satisfy its users otherwise they move to convenient wallets.
|
|
|
|
|
|
Ains_sama
|
|
October 09, 2018, 10:00:28 PM |
|
I'm not agreeing at this time, because Bitcoin is still worth reviewing. on blockchain, this technology is very great, but in bitcoin. I still lack confidence because of its value. if samourai removes fiat pairs it doesn't matter. because it's their right the developers. but as a Bitcoin user. we still need fiat to become bitcoin to function in the real world.
|
|
|
|
|
|
mangsitin
|
|
October 09, 2018, 11:38:32 PM |
|
I'm not agreeing at this time, because Bitcoin is still worth reviewing. on blockchain, this technology is very great, but in bitcoin. I still lack confidence because of its value. if samourai removes fiat pairs it doesn't matter. because it's their right the developers. but as a Bitcoin user. we still need fiat to become bitcoin to function in the real world.
Yes, that's true, for samourai wallet developers I think it's up to them because they have the right to remove USD from that wallet. But if you say goodbye to USD in general I don't approve it. Because it's not easy to remove the paper money. So just let Bitcoin and USD continue together in the economic world. |
|
|
|
|
karloscimot
Member
Offline
Activity: 518
Merit: 14
|
|
October 09, 2018, 11:41:39 PM |
|
I still can't say that, bro. because the proof now I still need fiat money and USD. because bitcoin and other crypto still cannot be used as currencies like paper currencies in my country in Indonesia
|
|
|
|
Harrow30
Jr. Member
Offline
Activity: 266
Merit: 1
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
|
|
October 09, 2018, 11:49:03 PM |
|
I want to believe that before the fiats can be totally removed from bitcoin app wallets then the bitcoin must have been fully operational as a means of payments all over the specified areas. As for now, the fiats are fully in operation with the cryptocurrency markets
|
[ TRY ALPHA MVP ] WELCOME TO DATABLOCKCHAIN [ TRY ALPHA MVP ]
Mainsale now LIVE! // Raised $16 Million in PRE-SALE |
|
|
|
iMark
|
|
October 10, 2018, 12:09:09 AM |
|
I still can't say that, bro. because the proof now I still need fiat money and USD. because bitcoin and other crypto still cannot be used as currencies like paper currencies in my country in Indonesia
You right for now we cannot eliminate fiat or local currency in our lives because we cannot depend on crypto for payment and shopping methods, because you certainly know the limitations in accepting of bitcoin as a currency make it difficult for us to pay with bitcoin |
|
|
|
|
|
