Re: Turning crypto into fiat or is that even nessesary anymore!
I know this subject has been looked at before but with the speed at which the cryptospace changes I felt the subject deserved a fresh look, and why not obtain that fresh look from the experts that are currently at the forefront of using crypto, namely all of you here on Bitcoin Talk forum.
I know there will be a time when it will not be necessary to change from fiat to crypto and vise versa. Hell that time may already be here. If the time has come where that exchanging of one to another is no longer necessary then i definitely need an update because that would save a lot of time and money. So if you would please share your insights and knowledge with the rest of us on what the most efficient way you have found for
1. avoiding the whole exchanging from crypto to fiat to take care of financial responsibilities out side the Crypto-space
2. what is the most efficient and cost effective way you have found for the exchanging of crypto to fiat?
Please remember that ideas are awesome and helpful to further a subject so please do share yours, but with that being said please remember that lots of people that read this may be new to crypto so please do include details and specifics such as names of places, cost and special steps that maybe needed to accomplish your way of doing something. I want to thank you all in advance for your participation and for all that you give on a daily basis to help improve and add to the Crypto-space.
In 10 or 15 years, maybe crypto exchange in fiat or fiat in crypto may be ruled out. Recently there have been several news from countries creating their own virtual currency, that is, this is going to be the reality, then the trend and that in future each country will own its altcoin, then those who negotiate or live on exchanges will no longer need to rely on fraudulent exchanges to swap your fiat in alt or vice versa. I know there will be a time when it will not be necessary to change from fiat to crypto and vise versa. Hell that time may already be here. If the time has come where that exchanging of one to another is no longer necessary then i definitely need an update because that would save a lot of time and money. So if you would please share your insights and knowledge with the rest of us on what the most efficient way you have found for
1. avoiding the whole exchanging from crypto to fiat to take care of financial responsibilities out side the Crypto-space 2. what is the most efficient and cost effective way you have found for the exchanging of crypto to fiat?Please remember that ideas are awesome and helpful to further a subject so please do share yours, but with that being said please remember that lots of people that read this may be new to crypto so please do include details and specifics such as names of places, cost and special steps that maybe needed to accomplish your way of doing something. I want to thank you all in advance for your participation and for all that you give on a daily basis to help improve and add to the Crypto-space.
When countries adopt currencies they can be sure that the level of acceptance will grow absurdly, several trading establishments have begun to accept this new model of payment.
The distributed ledger technology is in itself quite independant from a central authority. That is why I like it, the government cannot print more for political reasons and, if I choose to, won´t have any idea of what I have.