Sentences with phrase «case for fiat»
Note that the case for fiat currency conversion is that VAT is not changed on the volume of the trade, but only on the service charge.
https://www.coindesk.com/ Not exact matches
So in summary — most likely maintaining a public ledger would have meaningfully higher transactions cost than centralized clearing — however, there are use cases for bitcoin / cryptos where fiat currency is not an option so difference is transactions costs is not a consideration — to the extent the market ascribes value to bitcoin / cryptos this value can not be diluted or as easily confiscated
Payments and the representation of fiat currency on Blockchains is a potentially significant use case for distributed ledger technology and we firmly believe that partnership between regulators, central banks and the financial services sector will accelerate solutions to maturity.»
In the case of cryptocurrencies, this might be converting fiat currency (USD, EUR, etc.) to a cryptocurrency, or trading one cryptocurrency for another.
As they come in different sizes (or denominations), they can also act as a substitute for paper money in case of the fiat system collapse.
In the pending court case for overturning California's Proposition 8, which banned «gay marriage,» two leading conservative legal scholars face off: Charles J. Cooper, taking the classical conservative line that organic social institutions such as marriage have an inherent value and can not be redefined by legal fiat, and Theodore Olson, taking the more libertarian line that government should simply regulate contractual relationships between individuals and not become involved in private matters.
In the pending court case for overturning California's Proposition 8, which banned «gay marriage,» two leading conservative legal scholars face off: Charles J. Cooper, taking the classical conservative line that organic social institutions such as marriage have an inherent value and can not be redefined by legal fiat, and Theodore Olson, taking the more libertarian line that government should simply regulate contractual relationships between individuals... Continue Reading»
This is proved mathematically for some cases, and it has been shown computationally by simulations where the «true» values and «errors» and «random variation» are known by fiat.
In case you consider exchanging fiat currency such as US Dollar (USD), Euro (EUR) or Japanese Yen (JPY), you can find a guide on how to go about buying Ethereum (or any other cryptocurrency for that matter) by reading our «Token Sale Participation Guide».
In the case of cryptocurrencies, this might be converting fiat currency (USD, EUR, etc.) to a cryptocurrency, or trading one cryptocurrency for another.
Put another way, governments essentially create an artificial use case for their own forms of paper money by threatening people with punishment if they do not pay taxes, which are denominated in the government's own fiat currency, to the government.
Instead, they are denominated in a fiat currency — euros in Bitwala's case — and can be topped up by selling bitcoin for said fiat currency.
Enthusiasts may extol the virtues of freedom from government - controlled fiat currency, but there's an increasingly compelling case for regulation of ICOs and, perhaps more importantly, trading exchanges.
Showing that bitcoin can work as a currency with which to purchase goods strengthens the case for crypto's longevity and perhaps a move away from fiat currency.
The most important person in the world of fiat currencies, James Rickards, spoke about spectrecoin: https://dailyreckoning.com/noose-tightens-bitcoin/ The only use case for bitcoin is to support criminal transactions, and even criminals are moving to monero and spectrecoin because they have better security and privacy features.
Even though traditional fiat currencies are also used in dodgy dealings, in this case, because of the sanction - imposed lack of said fiat money, the positive attributes of cryptocurrencies are ideal for North Korea.
Other settlement layers like Ripple, Stellar or the defunct Falcon Protocol don't actually move value and are no different than using a MySQL database... they are cryptocurrencies which may be better than bitcoin for payments but have no liquidity and address none of the above - noted use cases regarding creating decentralised fiat pegged cryptocurrencies, «great for banks but not for remittance providers» says Bitspark.
Save for major players like Kucoin and Binance — which are beyond the realms of U.S. regulators, and don't allow fiat deposits in any case — mandatory KYC / AML is now the norm.
Athena machines offer both the buying and selling of cryptocurrency, which means American BCH holders have gained not only a new convenient method to increase their stockpile of the cryptocurrency but also the ability to easily exchange it for fiat in case they need to pay in shops that don't accept credit or crypto.
The press release finishes by speaking of exploring «options for fiat connectivity across major world currencies, and... access to innovative token projects that extend cryptocurrency protocols to new use cases.»
The token primary use case is to host a decentralized exchange for digital fiat and crypto, particularly focused first on the Asia - Pacific region.
This is an analytical platform, where, for the first time in the industry, the tools familiar to fiat investors — indexes — are represented, but in this case — for cryptocurrencies.