Post
Topic
Board Economics
Re: What's it like to live on crypto instead of Banks?
by
Duzter
on 29/10/2019, 18:34:32 UTC
Imagine living your life without depending on Banks ever again. Using only cryptocurrencies such as Bitcoin or Ethereum, you can make your own income stream and use the coins earned to buy stuff from merchants who accept them. Every day, cryptocurrencies have been going closer towards full mainstream adoption. However, there are still some things which prevent crypto from being used over traditional payment systems we've been accustomed to for a long time.

Nonetheless, what's it like to live only on crypto instead central-bank issued fiat money? Cheesy
Once the Incomes are being earned in Cryptocurrencies this would mean that even the retail expenses will also be done in Cryptocurrencies and only then we can imagine a life without banks otherwise as of now there is certainly no way this is happening because purchasing Cryptocurrencies itself involved buying it from transfers of Bank.
Yes, the cryptocurrency is much dependent on the banking. This means without fiat the term bitcoin goes valueless, because till date we value bitcoin equalling with certain number of USD. This will change only when the direct usage of cryptocurrency increases, we can't expect this to happen in a short, we need to support and have patience to experience the good of crypto alone world.