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#1 2022-01-08 17:53:21

Vicob
Member
Registered: 2022-01-07
Posts: 35

change for paper currency p2p

Will there be a possibility in the future to exchange for paper currency? for example, the introduction of p2p system to exchange directly in utopia with a choice of guarantor and so on, to bypass the exchanges. i think this is very important.

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#2 2022-01-10 22:39:31

SGL
Member
From: Infospace
Registered: 2021-12-05
Posts: 70

Re: change for paper currency p2p

I'm afraid that exchanging for paper money carries the risk of loss of anonymity. So the ideal solution would be UUSD->XMR->exchangers


Crypton/UUSD donation for new developments: F50AF5410B1F3F4297043F0E046F205BCBAA76BEC70E936EB0F3AB94BF316804

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#3 2022-02-18 17:05:21

UtopiaHell
Member
Registered: 2022-02-13
Posts: 30

Re: change for paper currency p2p

SGL;1417 wrote:

I'm afraid that exchanging for paper money carries the risk of loss of anonymity. So the ideal solution would be UUSD->XMR->exchangers

It's not necessary to be anonymous yet, so it would be easier to click on such converters first.

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#4 2022-02-18 17:06:50

UtopiaHell
Member
Registered: 2022-02-13
Posts: 30

Re: change for paper currency p2p

Vicob;1378 wrote:

<p>Will there be a possibility in the future to exchange for paper currency? for example, the introduction of p2p system to exchange directly in utopia with a choice of guarantor and so on, to bypass the exchanges. i think this is very important.</p>

There was something the man said about the exchanger: https://talk.u.is/viewtopic.php?id=271

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#5 2022-02-22 17:11:04

Cromanes
Member
Registered: 2021-12-10
Posts: 316

Re: change for paper currency p2p

SGL;1417 wrote:

It's not necessary to be anonymous yet, so it would be easier to click on such converters first.

The way I see it, you pay more for your anonymity now than you would without anonymity.

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#6 2022-12-27 10:51:43

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,200

Re: change for paper currency p2p

Vicob;1378 wrote:

Will there be a possibility in the future to exchange for paper currency? for example, the introduction of p2p system to exchange directly in utopia with a choice of guarantor and so on, to bypass the exchanges. i think this is very important.

This can only work when anonymity is compromised, and I don’t think anyone who loves decentralization would want to risk their privacy for anything, it’s not about option, Utopia p2p should protects it’s decentralization at all cost.

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#7 2022-12-29 15:12:45

Detroit
Member
Registered: 2022-12-27
Posts: 1,402

Re: change for paper currency p2p

If you are exchanging for paper currency, then there would have to be an inclusion of a receiving bank account, email address and sometimes phone number, these are the things UTOPIA network is designed to combat and protect the anonymity and privacy of their users. If they make a change to their protocol in this way then they are no longer decentralized, but centralized; and that’s is not how the developers have panned things out.

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#8 2022-12-29 22:42:12

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 1,812

Re: change for paper currency p2p

Why do we most times make things complicated for ourselves. Why not covert your paper money which is Fiat into stablecoin an example is UUSD. And then carry out all the cryptocurrency transactions you need.

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#9 2022-12-30 17:06:41

Vastextension
Member
Registered: 2022-11-19
Posts: 1,838

Re: change for paper currency p2p

KAMSI_UG;2355 wrote:

Why do we most times make things complicated for ourselves. Why not covert your paper money which is Fiat into stablecoin an example is UUSD. And then carry out all the cryptocurrency transactions you need.

What you said makes sense but you said this because you know the benefit of cryptocurrency like UUSD and I am sure some years ago if you were told that there was a huge opportunity in cryptocurrency you'll consider it to be a new scam strategy. The same thing happened to people who you believe are making things complicated for themselves and what we will need to do is to educate them.

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#10 2022-12-30 21:06:36

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,556

Re: change for paper currency p2p

Vicob;1378 wrote:

Will there be a possibility in the future to exchange for paper currency? for example, the introduction of p2p system to exchange directly in utopia with a choice of guarantor and so on, to bypass the exchanges. i think this is very important.

In the future when the Crypton exchange of Utopia p2p adds more coins there's going to be a possible chance of trading fiat for cryptocurrency through P2P services but you can check the LocalMonero which was mirrored on the Utopia ecosystem.

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#11 2023-01-13 16:23:29

KingCRP
Member
Registered: 2023-01-06
Posts: 1,054

Re: change for paper currency p2p

No I don’t see this as being possible, Utopia p2p is based on decentralization and there is nothing decentralized about paper currency, I think it would interfere greatly on the goals and interest of Utopia p2p.

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#12 2023-01-13 19:20:19

Detroit
Member
Registered: 2022-12-27
Posts: 1,402

Re: change for paper currency p2p

I don't think that will be possible.
Doing that will break the first rule of cryptocurrency which is decentralization.
Every cryptocurrency user wants to keep their business private and that's the main reason for crypto.

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#13 2023-01-13 20:39:04

Kelechi
Member
Registered: 2022-12-25
Posts: 2,064

Re: change for paper currency p2p

Detroit;3001 wrote:

I don't think that will be possible.
Doing that will break the first rule of cryptocurrency which is decentralization.
Every cryptocurrency user wants to keep their business private and that's the main reason for crypto.

Well not all cryptocurrency users want to keep gjeri business private and that why we still have some cryptocurrency users making use of decentralized project and exchanges

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#14 2023-01-13 20:59:37

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,520

Re: change for paper currency p2p

Why would one need to bypass exchanges and expose themselves to the risk of trading face to face with random strangers?

There are many ways to harness a Peer-2-Peer system which would not compromise your privacy and anonymity in anyway, even at the point of receiving fiat.
Utopia already has all systems ready for use, we just need to fully utilize it at this point.

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#15 2023-01-14 17:00:51

joanna
Member
Registered: 2023-01-10
Posts: 2,200

Re: change for paper currency p2p

Comrade;2406 wrote:
Vicob;1378 wrote:

Will there be a possibility in the future to exchange for paper currency? for example, the introduction of p2p system to exchange directly in utopia with a choice of guarantor and so on, to bypass the exchanges. i think this is very important.

In the future when the Crypton exchange of Utopia p2p adds more coins there's going to be a possible chance of trading fiat for cryptocurrency through P2P services but you can check the LocalMonero which was mirrored on the Utopia ecosystem.

Let's get this clear. The Crypton exchange will never support Cryptocurrency to fiat trading if the exchange wants to maintain its high level of anonymous service. However, in the future, if there's high demand for crypto to fiat anonymous trading the Utopia p2p dev team will develop that.

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#16 2023-05-17 17:46:11

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,556

Re: change for paper currency p2p

Lets not forget that decentralized crypto currency is  the future means of exchange. Cashless economy policy is few miles ahead. P2p techs means of exchanged have been launched already in some part of the country.

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#17 2023-05-18 15:42:41

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 1,812

Re: change for paper currency p2p

The world does not go backwards in the future so I don't see how moving forward in the future we want to have to change to paper currency.

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#18 2023-06-17 23:14:01

gap
Member
Registered: 2023-06-14
Posts: 1,105

Re: change for paper currency p2p

KAMSI_UG;8999 wrote:

The world does not go backwards in the future so I don't see how moving forward in the future we want to have to change to paper currency.

The cashless policy is what we should expect in the future and start exhibiting the act of making it with every means of decentralized currency.

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#19 2023-06-18 12:50:09

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 1,812

Re: change for paper currency p2p

gap;14627 wrote:
KAMSI_UG;8999 wrote:

The world does not go backwards in the future so I don't see how moving forward in the future we want to have to change to paper currency.

The cashless policy is what we should expect in the future and start exhibiting the act of making it with every means of decentralized currency.

Well the cashless policy would soon not just be the thing of the future as we are already going into the cashless policy. and in my opinion it's the best thing.

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#20 2023-06-20 21:57:20

Dozie
Member
Registered: 2023-01-18
Posts: 658

Re: change for paper currency p2p

Is there any paper currency p2p? Well honestly I really haven't heard of it so guy can you tell me more about it I am willing to learn more about it.

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#21 2023-06-25 22:00:25

MRBEAST
Member
Registered: 2023-05-22
Posts: 410

Re: change for paper currency p2p

Dozie;15143 wrote:

Is there any paper currency p2p? Well honestly I really haven't heard of it so guy can you tell me more about it I am willing to learn more about it.

Well there is no physical cryptocurrency and I don't this there would be any in the future, cryptocurrency is actually a digital asset and I believe that would stay the same

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#22 2023-06-25 22:11:44

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: change for paper currency p2p

Well I believe the question for about project that is based on peer to peer. I don't think any cryptocurrency projects in general would love to have a physical currency.

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#23 2023-06-26 20:39:42

Dozie
Member
Registered: 2023-01-18
Posts: 658

Re: change for paper currency p2p

Crpuss;15777 wrote:

Well I believe the question for about project that is based on peer to peer. I don't think any cryptocurrency projects in general would love to have a physical currency.

Would peer to peer overshadow exchanges in cryptocurrency? This is the question we all need to be asking we have seen many people trying to use more of peer to peer.

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#24 2023-06-26 21:28:21

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: change for paper currency p2p

Dozie;16007 wrote:
Crpuss;15777 wrote:

Well I believe the question for about project that is based on peer to peer. I don't think any cryptocurrency projects in general would love to have a physical currency.

Would peer to peer overshadow exchanges in cryptocurrency? This is the question we all need to be asking we have seen many people trying to use more of peer to peer.

Well it would be hard for peer to peer to overshadow exchanges, because right now Many exchange already has the option of the peer to peer transaction

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#25 2023-07-21 20:24:58

Kelechi
Member
Registered: 2022-12-25
Posts: 2,064

Re: change for paper currency p2p

Guys what's you take on paper money do you thing digital asset and money is slowly displacing it

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