3 ms·

In a non-fiat system why would you need to?

• Railsify 4y ago
  To get a currency that you can pay taxes with, or buy traditional securities.
• toss1 4y ago
  If it is totally non-fiat, where you can buy housing, food, fuel, devices, luxury items, etc., etc., etc., you would not need to cash out to fiat. But seriously, in the current world, if we have a half-billion dollars "worth" of legitimate (or laundered) cryptocurrency, what can you do with it in the real world, especially contrasted to what we can do easily if we have a $$half-billion in legit $, €, £, or ¥ deposits? I don't think we could even buy a Tesla or a pizza anymore. Maybe some things on Craigslist that take crypto?
  • maupin 4y ago
    A quick Google search finds that (it is claimed anyway) you can buy quite a few items from Amazon or Walmart at shopping.io
  • from 4y ago
    Go on Alibaba and you will find that a surprising number of companies take BTC or USDT. The next step in the laundering process is fairly obvious.