2 ms·
Can you not just go p2p/otc with the crypto and buy a hard asset plus some paper fiat? It’s like cash but even more effective for this purpose.
by randomopining 6y ago
Can you not just go p2p/otc with the crypto and buy a hard asset plus some paper fiat?
It’s like cash but even more effective for this purpose.
- iSnow 6y agoSomeone needs to cash it out in the end to buy raw materials or bulk purchase food. That's the idea of hyper-Bitcoinization that this step would go away, but I don't see any indication for that. Regarding localbitcoins or other OTC in person deals I certainly wouldn't want to meet with a stranger and carry $1000 with me in cash to buy his Bitcoins. And localbitcoins was forced to implement KYC, so if Bitcoin gets outlawed or heavily taxed, the state will have a look into their customers.