Cryptocurrencies

[orly]

Many exchanges allow you to hold fiat currency.

So sell btc for fiat and hold on the exchange and buy again using that same fiat.

Can be done within 5 minutes.

Thank god for that fiat currency still being amazingly relevant and not yet replaced by cryptocurrency.

Wait hang on

 

[larrygobfiend]

Many exchanges allow you to hold fiat currency.

So sell btc for fiat and hold on the exchange and buy again using that same fiat.

Can be done within 5 minutes.

I did not know that - that's a bit of a game changer! May I ask what exchange you used?

 

[Kev The Rat]

Thank god for that fiat currency still being amazingly relevant and not yet replaced by cryptocurrency.

Wait hang on

I’ve personally never claimed that fiat ‘won’t exist’ in the future

 

[Kev The Rat]

I did not know that - that's a bit of a game changer! May I ask what exchange you used?

Bye

 

[orly]

I’ve personally never claimed that fiat ‘won’t exist’ in the future

But Kev, the whole point is that crypto is supposed to save us from the disgusting, hated, over regulated, big bank controlled fiat.

If we need it to stay so we can sell our bitcoins, what is the point?

 

[larrygobfiend]

Bye

Quite a simple question mate.

 

[Kev The Rat]

But Kev, the whole point is that crypto is supposed to save us from the disgusting, hated, over regulated, big bank controlled fiat.

If we need it to say so we can sell our bitcoins, what is the point?

Store of wealth. The authorities will not give up fiat without bloodshed so we have to create our own which reflects the true value of money.

 

[Bruce Wayne]

Many exchanges allow you to hold fiat currency.

So sell btc for fiat and hold on the exchange and buy again using that same fiat.

Can be done within 5 minutes.

It must be quite novel to have a currency you can actually buy stuff with. Can't see that catching on though.

 

[Moomin]

I just hope that Fiat is full of food to help end world poverty like Bitcoin will.

 

[Kev The Rat]

It must be quite novel to have a currency you can actually buy stuff with. Can't see that catching on though.

If you want to hold fiat currency then you are welcome to do so.

 

[Moomin]

If you want to hold fiat currency then you are welcome to do so.

Ignore them Kev, if them whales are giving you grief let me know and i will get onto the Taiji fishermen to sort them out.

 

[Moomin]

I’ve personally never claimed that fiat ‘won’t exist’ in the future

You did say it would be worthless

https://www.grandoldteam.com/forum/threads/bit-coin-s.98800/page-22#post-5981252

 

[Kev The Rat]

You did say it would be worthless

https://www.grandoldteam.com/forum/threads/bit-coin-s.98800/page-22#post-5981252

It will be worthless, because you’ll need wheelbarrow amounts of it to use it.

 

[COYBL25]

@Woolly Blue

Hypothetical question - how is the tax side of moving all this "cash " around policed ?

E.g. Is regulated similar to the stock market ?

 

[Bungle]

There was a time I had faith in Kev, but his story has now fallen to pieces and just like I was with @AndyC for his outburst at @davek I am left disappointed, deflated and quite hurt by this whole sorry situation.

I loved you without the money Kev, you didn't need to try and impress us with bold claims, I thought we had something special. It turns out you're just like all the other men in my life, please just be honest with us Kev and maybe we can salvage something here.