Yes, there will be a time when we might not have to sell our CRYPTO ever. Until then (like it or not), fiat plays a major role in everyone's life.
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Yes, there will be a time when we might not have to sell our CRYPTO ever. Until then (like it or not), fiat plays a major role in everyone's life.
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That time won't be any time soon, probably not even in 10 years or 20 years. So we're stuck with using fiat moeny until then.
As long as we're using fiat money, does it make sense to filter it past an intermediate item before we use the crypto we want to use?
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I hope slowly and gradually this changes. As more freelancers and businesses start accepting crypto, there will be a lesser need to convert it into Fiat.
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I agree with what you're saying, but I'm not talking about cashing out crypto to get local currency. I'm talking about buying crypto with local currency but after it is used to buy another item first.
Many people believe that Bitcoin transactions are anonymous, and we know that's not true. There is a degree of privacy with hideously long keys for a wallet and for authentication, but that doesn't provide anonymity. While there are ways to acquire "clean" Bitcoin, Monero (XMR) was created to solve the anonymity problem.
What I'm asking is this: If we insist on using crypto which hasn't solved the anonymity problem-- essentially, all but a small number of cryptos-- is using fiat money to buy some commodity and trading that commodity to acquire cryptocurrency a good way to solve the anonymity problem, or is it just making things too complex just to end up with the same results?
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