Living only on crypto: Possible in 2025?

[passwordnow]

In our country, banks are against cryptocurrencies. If any of the transactions that you do through your bank account are found to have any connection with cryptocurrencies, your account gets blocked and funds confiscated. They ask you for proof of funds, and if not satisfied, both your account and the money is gone for good.

This sucks and really happening. That's why many of the investors that have used their bank accounts to deposit fiat to their exchange accounts, they've been scrutinzed and investigated by their banks and asked what's the deal. One wrong answer and you'll get that if there will be some scrutiny and questioning but at most times, they don't ask the user and just land down the judgement of stopping the account because of the connection that has been with the use of their service going to a crypto exchange.

[TastyChillySauce00]

There will come a time when fiat money and other traditional currencies will be replaced by cryptocurrency for purchasing products and services. This shift is driven by the decentralized nature of cryptocurrencies and the use of blockchain technology. While this change may not happen immediately it is approaching. The transition from traditional money to cryptocurrency is inevitable and will bring about significant advancements in the financial system.

doubt that, government in general won't let their fiat be replaced, because then they can't control the economy, fiat is a good tool to control the economy, maybe traditional cash will be replaced by CBDC, but definitely not decentralized crypto, though crypto might be used as an alternative of payment, there's reason why many countries decide to recognize crypto as commodity only for investment because they don't want it to be used as currency. so in the future i think things will more or less stay like this.

[Dr.Bitcoin_Strange]

In my opinion, it's too early to believe this will come through, not in 2025. Crypto is going mainstream already and there are many countries that the citizens are spending crypto directly to purchase their daily needs but it's not generally acceptable yet by majority of people and that's why I think that we can not live only on crypto this year but hopefully in near future.

[bettercrypto]

As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.

I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?

I think it is possible that what the op says will happen, but it just doesn't seem like it yet, because there are still many countries that don't believe in other cryptocurrencies except Bitcoin which is really proven and tested.

Maybe unless the country you are in is like El Salvador, what you are saying can happen, op, then there are other countries that at least have other merchants who accept bitcoin
payments in their business as far as I know.

[doomloop]

There will come a time when fiat money and other traditional currencies will be replaced by cryptocurrency for purchasing products and services. This shift is driven by the decentralized nature of cryptocurrencies and the use of blockchain technology. While this change may not happen immediately it is approaching. The transition from traditional money to cryptocurrency is inevitable and will bring about significant advancements in the financial system.

doubt that, government in general won't let their fiat be replaced, because then they can't control the economy, fiat is a good tool to control the economy, maybe traditional cash will be replaced by CBDC, but definitely not decentralized crypto, though crypto might be used as an alternative of payment, there's reason why many countries decide to recognize crypto as commodity only for investment because they don't want it to be used as currency. so in the future i think things will more or less stay like this.

Definitely governments are going to be not happy with this idea and mostly will never go ahead with this as well because things could be more flexible for the common peoples which are not suitable for them even in many countries we have such things which are now doing good and have better development in near future as well, but this could be huge problem for peoples those are not well aware and specially third world is not well prepare for this in long run.

We can go with this idea, but first we need to be had all requirements which give better use case with all material which are important while currently we have few things which are giving good advantage and this could be also go good with just few miner changes in the future.

[sunsilk]

But as for wallets in smartphones, we can use them as well if the shops and merchants accepts them directly.

I think Stellar is supposed to be able to do this as a built-in feature, though I am not sure offhand whether specific smartphone wallets such as for example LOBSTR have or have not provided access to that feature.

In theory you are supposed to be able to tell Stellar what asset the recipient wants to receive how much of and it shows you for each asset you have how many it would take to have that happen, so you can pick from your portfolio which you want to use to make the recipient receive what they want.


-MarkM-

I am not sure of that but I think there was a project that's all about pos (not proof of stake) payments before. It became popular and it comes with a yellow logo.

I can't remember what was that but it had gained traction for a season but then became forgotten up to this point. If Stellar was supposed to be this project to do it, that's good if it became to a point of potential.

But it didn't pushthrough, right? although that's still popular nowadays as a crypto itself.

[markm]

Even if various Stellar wallets / interfaces don't directly let you say how much of what to send that you don't have, definitely some, such as FoxletStellar which I use, do let you say how much you want of what and see how many of each thing you already have it would take to get that, so at worst you could use that to get what the merchant wants then send what they want.

I cannot see my LOBSTR on phone at the moment as it is on a phone most of whose screen is blacked out by cracks but I do recall it has an ability to display a 2-D code of what you want, that a merchant for example coulde use, then customer's phone would look at that displayed code to create a send transaction to send it.

Just not sure if it includes the automatic conversion ability from things you have to what the merchant wants.


-MarkM-

[sunsilk]

Even if various Stellar wallets / interfaces don't directly let you say how much of what to send that you don't have, definitely some, such as FoxletStellar which I use, do let you say how much you want of what and see how many of each thing you already have it would take to get that, so at worst you could use that to get what the merchant wants then send what they want.

Wallets should be like that, you should know and see how much you have in balance and how much you'll be left when you're about to send. But with the mentioned wallet, I'm not really aware of that nor have I used it.

Thus, this feature should be the norm of most wallets. Users are wise nowadays and with lesser features or simple details that they lack of, they're not going to be patronized for sure.

And that's probably one of the reasons why these wallets, stellar or not, don't thrive.

[fikrett]

As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.

I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?

I think it is possible that what the op says will happen, but it just doesn't seem like it yet, because there are still many countries that don't believe in other cryptocurrencies except Bitcoin which is really proven and tested.

Maybe unless the country you are in is like El Salvador, what you are saying can happen, op, then there are other countries that at least have other merchants who accept bitcoin
payments in their business as far as I know.

Adoption is not there yet.
You can already buy big things with Bitcoin in many parts of the world - but you can't live and make all the things that a person does every day with crypto, in my opinion.

[Abiky]

It's still too early for this. We're just beginning to move away from cash to credit/debit cards. Less new cash money is being printed now and governments are encouraging people to use credit/debit cards. The main reason for this is to prevent the informal economy. The idea of living solely on crypto currencies might only be a dream for now because there are many structural weaknesses in this area. Governments won't allow it and will fight against it. Maybe we can discuss this for 2035, but it's impossible in 2025.

Let's not forget that physical credit/debit card transactions are also in decline. Most people pay through an app using a virtual card on physical stores or online. And with governments planning on launching CBDCs, our lives will be more digital than ever. The problem with crypto is that many consider it to be an investment, rather than a currency or a medium of exchange. The rate of adoption among merchants and/or businesses is rather slow. I can pay for most stuff with crypto these days, but not everything (like utility bills, taxes, etc). Fiat is needed for government services, anyways.

I think with the incoming pro-crypto Trump administration in the US, things will improve. Who knows? Maybe we'll be able to live entirely off crypto within the not-so-distant future. If you have faith, anything's possible.

[LETme]

Living solely on cryptocurrency in 2025 is becoming increasingly possible, but it depends on several factors like location, financial planning, and the overall adoption of crypto. As crypto payment systems and blockchain technology evolve, more businesses accept digital currencies for goods and services, making daily transactions easier. However, challenges like market volatility, regulatory uncertainty, and limited crypto adoption in some areas may still pose obstacles.

[nelson4lov]

I like the sound of that but we're still not there yet. Mass adoption and crypto integration on almost all merchant stores remains the goal but we still have some technological overhead to defeat before we can have that achievement.

For one, Bitcoin and almost all altcoins haven't solved the increase in tx cost when demand skyrockets and demand is going to skyrocket for sure when every customer that buys anything, anywhere in the world triggers a transaction. We'll have 10-100x the tx volume we have right now and I don't think current infrastructure can handle it yet.

Bitcoin tx fees will go up.
ETH gas price will be through the roof and Sol?
Sol blockchain might halt as it has always done in peak periods.

[MaxLevCoin]

Full adoption still faces challenges. Not all merchants accept crypto and regulatory clarity is still evolving particularly in the US govrnments and financial institutions are taking steps to regulate the market but uncertainties around taxation, legal status and financial stability remain. Some people can live mostly in crypto in 2025, a fully crypto driven economy is still a few years away from becoming a reality

[sarmrakib]

As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.

I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?

Nothing is impossible on crypto. It’s not early to say about crypto. We don’t need to exchange and the dream already came true on our life. The main fact is that most of the people who aren’t smart don’t able to use it tough is for them. If we all are used to use crypto then we will enter on the smart world totally. However i am totally now depend on crypto for my living. I am doing trading,investing, holding and gambling etc. It will be more effective if all found a way of earning crypto. It helps to depend o. Mostly then on crypto. We all have see how much potential the crypto market are. Now the next world will be on crypto. Then we can easily depend it for everything for our living. It's not so far.

[fikrett]

I like the sound of that but we're still not there yet. Mass adoption and crypto integration on almost all merchant stores remains the goal but we still have some technological overhead to defeat before we can have that achievement.

For one, Bitcoin and almost all altcoins haven't solved the increase in tx cost when demand skyrockets and demand is going to skyrocket for sure when every customer that buys anything, anywhere in the world triggers a transaction. We'll have 10-100x the tx volume we have right now and I don't think current infrastructure can handle it yet.

Bitcoin tx fees will go up.
ETH gas price will be through the roof and Sol?
Sol blockchain might halt as it has always done in peak periods.

SOL blockchain, though, would do better in that regard after the Firedancer would be implemented for good.
But I agree with other facts - sometimes, the congestion is too much, and you won't be able to use the crypto for everything. But you would be able to do it for some things.

[Taskford]

As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.

I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?

Yes, crypto is also consider as money and there's lots of opportunities that we can grab especially if we are skilled enough to do those task what online clients required then its really possible for us to earn crypto to make a living thru service that we can provide to people who need so work force online.

Also I guess we are slowly going up there since we could see that lots of freelance job right now is paying your desired crypto's that's why we need to adapt on the changes and make sure that we have those skills which those clients want so that we can get a job that can give us good income to sustain our daily needs.

But huge chance that more to come with crypto. The future of this industry is promising and provably that we are heading on those things you mentioned here.

[Yucky]

I don't think a lot of countries will let go of their currency for crypto to dominate, while crypto can be used by some shops, online trades, I don't think the global adaptation for daily use would work just yet. Because intercontinental trade happen  with currencies, that's how you we value US dollar to other currencies.

So I believe the adaptation of crypto will take time but for now online stores, y gambling sites can make use of it for day to day transactions. I'm not seeing the feasibility in 2025 just yet, we have some countries  that even are yet to widely adopt crypto, talk more of using it for daily use, so we'll give it time. 

[digidojo]

As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.

I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?

Crypto is increasingly being seen as real money, and with the right skills, it’s definitely possible to earn a living through services provided to online clients. Freelance jobs offering crypto payments are growing, making it essential to adapt and develop in-demand skills to stay competitive in this evolving market.

We’re already seeing progress, but there’s even more potential on the horizon. The future of crypto looks promising, and it’s clear we’re heading toward a world where it plays an even bigger role in our daily lives.

[Abiky]

I like the sound of that but we're still not there yet. Mass adoption and crypto integration on almost all merchant stores remains the goal but we still have some technological overhead to defeat before we can have that achievement.

For one, Bitcoin and almost all altcoins haven't solved the increase in tx cost when demand skyrockets and demand is going to skyrocket for sure when every customer that buys anything, anywhere in the world triggers a transaction. We'll have 10-100x the tx volume we have right now and I don't think current infrastructure can handle it yet.

Bitcoin tx fees will go up.
ETH gas price will be through the roof and Sol?
Sol blockchain might halt as it has always done in peak periods.

I've thought L2 networks such as the Lightning Network and Arbitrum solved Blockchain's scaling issues? Some merchants accept payments using said L2s for complete peace of mind. But adoption in this area is growing very slowly. Then there's the issue of volatility and lack of Internet access (especially in developing countries). Stablecoins like USDC and USDT already solve the "volatility problem", but there's a long road ahead before the whole world gets interconnected (through the Internet).

Without a stable energy and Internet infrastructure, people won't be able to rely on digital payments for goods and/or services. So living entirely from crypto is not possible yet. Although, adoption last year increased by a large margin. Who knows? Maybe it will take 5-10 years for crypto to become fully mainstream. Only then, we'll be able to avoid Fiat altogether. That's the dream, right?

[hamba laeh]

As crypto becomes more mainstream, we'll be able to buy goods and/or services without the need to exchange for Fiat or use a debit/credit card. Imagine living entirely off crypto alone. It would be a dream come through.

I'm wondering if we're one step closer towards seeing this become a reality? Or is it too early to tell? With services like Bitrefill and eGifter selling gift cards for crypto, anything's possible. Heck, you can now purchase a Ferrari with Dogecoin. I mean, how cool is that?

It should be time for many people to use crypto to make transactions. but what we need to realize is that not everyone can accept the presence of crypto in the real world so there is still a lot that needs to be addressed and developed so that crypto can be accepted by everyone, especially at very high risks.