goodbye fiat and USD.

[CoinsGazer]

The total amount of Bitcoin is fixed and is a deflationary currency. If Bitcoin replaces the fiat currency, it will immediately lead to a deflationary economy. In other words, your wages will fall after a period of time, because bitcoin is rising; the GDP of the country that is denominated in bitcoin will never rise, and the state will increase taxes to make up the coinage tax. So I do not think that Bitcoin will replace fiat currency.

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[m1stifc]

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".

Mass media always exaggerate the facts. People used fiat for thousands years, switching to cryptocurrencies should take much more time.

[M4NDELL]

In order to say goodbye to Fiat, the time has not come yet: people are not ready to use only crypto in everyday life, crypto itself is not ready to fully perform payment functions, and electronic coins have not yet been officially accepted by most countries of the world.

[serjent05]

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 dont get the point. Bitcoin will not be converted to fiat but to satoshis? Satoshis are bitcoin units how can it be converted or exchanged to its own kind and besides if fiat will not be needed what will be the value of bitcoin and which currency will it be based? If one wants to buy bitcoin, which currency will he use in buying it?

[onionhodl87]

then give all the fiat do you have to me Grin

[ROB18]

I don't think that this going to happen in the near future. Nowadays there are still a huge portion of population that is not aware about cryptocurrency and many don't even have any access on the internet. Crypto will work alongside with fiat/usd and maybe in many years from now, that thing will happen. Let's wait and see.

[vella85]

We are still a long way off before crypto will be adopted by the world. I do believe that the US dollar is coming to an end and having its dominance as the world's reserve currency with the Fed printing dollars all the time so its basically worthless paper and soon this will end as it can't keep going like this forever and then maybe cryptocurrencies could take its place, more so Bitcoin. 

[airdagon]

We are still a long way off before crypto will be adopted by the world. I do believe that the US dollar is coming to an end and having its dominance as the world's reserve currency with the Fed printing dollars all the time so its basically worthless paper and soon this will end as it can't keep going like this forever and then maybe cryptocurrencies could take its place, more so Bitcoin. 

no bro, in my opinion, in the near future the crypto world will be adopted by the world immediately, I always analyze that today we find many crypto transactions in each country, the enthusiasm of the public is very large, crypto enthusiasts do not care about crypto restrictions.

the important point is this problem is a government reference to review again about crypto growth. the government must realize public demand.

[Yantoaja]

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 it's still very early to say goodbye because in my opinion fiat money is still very used especially in remote areas that still have little technology, and in my opinion btc is still not acceptable to governments in the world, so it still takes a long time to be right can replace fiat money

[Assface16678]

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

Well I believe that time will come, there is no need for us to use it. We can conclude thatvif it happens, the bitcoin will have its own value without comparison to fiat. This will be a good thing. But then it is far to happen as of now. But who knows, future will come fast I say.

[wongdeso]

There are still many who use fiat and USD so don't conclude to leave it, maybe for you, it's very easy to leave and don't need fiat. But globally this is still very difficult.

[valkarale]

More and more institutional investors, retailers, financial institutions, banks, the stock market, and the government are entering the field of electronic money more than ever. In short, bitcoin prices can drop below $ 8,000, which is likely to be less than $ 7,000. There will also be a sudden increase and increase back to $ 9,000 and eventually $ 10,000. No investor or analyst can predict the direction of bitcoin in the short term with the definitely absolute. However, major investors believe that electronic money will continue to last and compete with traditional currencies, assets such as the US dollar and fiat. Possibly in the future, bitcoin can replace USD and fiat.

[Fappanu]

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".

This is the biggest event that can occur in the history of the Crypto currency. But we have a lot to do before we get it. It is difficult and big test.

[adam56767]

I guess, even if fiat is replaced by cryptocurrency, it will be some kind of brand new coin instead of BTC.

[delphic]

This is too loud a statement. I would not say that. And in my opinion this will not happen yet soon. People are not yet ready to completely give up cash. If you take not very developed countries and third world countries, in half of the cities and villages you will not even see ATMs, and many have never seen credit cards, let alone cryptocurrencies. For half the people of the whole world, money is Fiat, this is Cash. And for many, cash is the most anonymous currency.

[qiman]

Fiat currencies are devaluing all the time, especially since they all left the gold standard thanks to Richard Nixon in 1971. Only two fiat currencies are backed by gold right now and that is the Chinese Yuan and the Israeli Shekel. Although we still need fiat, it will become obsolete in its paper form at some point and be replaced with digital currency or in our cases, with crypto currency as many are joining this area of technology and no longer work in fiat related work or jobs.

[topkhai]

~snip

If as you say, how we will transact. I think it's very difficult to separate crypto/bitcoin with fiat, we need both. It's impossible for us to leave fiat or maybe we can make a special space for bitcoin

[Al-e_x]

This is too loud a statement. I would not say that. And in my opinion this will not happen yet soon. People are not yet ready to completely give up cash. If you take not very developed countries and third world countries, in half of the cities and villages you will not even see ATMs, and many have never seen credit cards, let alone cryptocurrencies. For half the people of the whole world, money is Fiat, this is Cash. And for many, cash is the most anonymous currency.

Such assumptions will disappear in the future, the public will change its mindset with crypto, so the public concludes that crypto is a currency.

So, learn from now on about the crypto world or you will become a part of primitive people.

[Al-e_x]

Fiat currencies are devaluing all the time, especially since they all left the gold standard thanks to Richard Nixon in 1971. Only two fiat currencies are backed by gold right now and that is the Chinese Yuan and the Israeli Shekel. Although we still need fiat, it will become obsolete in its paper form at some point and be replaced with digital currency or in our cases, with crypto currency as many are joining this area of technology and no longer work in fiat related work or jobs.

in the future, yuan and shekel will not get support from gold, and gold will compete with crypto, I think the public choice in the future is only gold and crypto. no fiat.

[agatha90]

What is meant by bitcoin can't be exchanged with usd and can't buy with usd? Then how for beginners get bitcoin if usd doesn't exist?