That is exactly my warning. The government, the banks, control the conversion of crypto to fiat. They can and will shut that down.
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That is exactly my warning. The government, the banks, control the conversion of crypto to fiat. They can and will shut that down.
There is a certain irony that we have to convert to fiat to use crytocurrency. This is the way it is now but as more people trade goods and services for crypto it will make fiat obsolete.
Yes, step one is done. The next step is making the current banking payment systems obsolete by walking away from them. Once some more big time merchants support full crypto exchanges without converting it to USD, things will get more and more interesting.
that makes all of this a huge huge bubble. I'm not saying it's a bubble. I'm just concerned about what the government is going to do