Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

1.3K

If you couldn't sell your crypto for fiat currency accepted by (((banks))), would you put any value or credence into the use of crypto as a viable alternative currency? If crypto was banned from conversion to existing fiat currencies next week, would it hold any value or would there be a mass scramble to dump it before the ban on conversion?

If you couldn't sell your crypto for fiat currency accepted by (((banks))), would you put any value or credence into the use of crypto as a viable alternative currency? If crypto was banned from conversion to existing fiat currencies next week, would it hold any value or would there be a mass scramble to dump it before the ban on conversion?

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (17).
[–] • 2 pts

I think this is a poorly worded question. First, if crypto couldn't be traded directly into cash, but could still be traded for something else that could be traded for cash (like fiat-pegged stable coins), it would still have value. Whether or not it's a viable alternate currency sounds very subjective. Some people would claim it could never have value.

From a technical standpoint, crypto will always have value as long as there is a network to process trades and two people willing to trade with each other. It's designed that way, so even if it was illegal, people would still trade each other for cash. The only way to stop that would be to sabatoge the networks that process those transactions.