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Fiat is manipulated by governments/banks to control & have power.  Whales heavily manipulate crypto. By switching to crypto, isn't it just handing the control & power from governments/banks to a small group of wealthy whales?

I don't think so, both things have it's own purposes, so we don't need to compare them, cryptocurrency has been used for online transactions while fiat currency is for physical transactions or for our real-life system.

Both things are important, if you want to be more exposed in the crypto world, then I think you are using cryptocurrency and you really need that because of some transactions, you may also use that for investing and trading in online exchanges.

What abuts those people who are not really familiar with cryptocurrency or with the use of the Internet, most of them are only using fiat currency which they are using for buying some of their needs and wants. Both things are important they are not meant for comparing.

I'm going to assume when you say crypto, you specifically meant bitcoin.

Regardless of public misconception, whales do NOT have total control over bitcoin. They can only do so much on controlling the price, and they don't have control over the protocol. It's not like the whales can just choose a certain price and bitcoin will magically be priced the way they want to. In contrast to the government and central banks, which has total control over the fiat currency, printing money at will and such. There's a huge difference there.

By time, as more and more people(and money) and get into bitcoin, whales will have less and less control.

Both crypto and fiat are important, so I think that there is not better on both things but it will only differ on some perspective of the person, if a person is really used for online transactions or he is well known about cryptocurrency and performs some activities related with this then I think they would choose crypto as better than fiat currency because that is what they are mostly using but it differs for that person who is not really familiar with some online transactions or about the crypto world, if you are going to think that country who are not that too good about cryptocurrency or technology, I think they prefer to use and choose fiat as better than crypto.
Well said, they shouldn't be compared because both things can be used for different things, it would go biased if you compare them because the person will only choose the currency he is mostly using.

First of all, whales exist because they are either

• A group of company that accumulate BTC
• Early Adopters
• Rich People

It's not handing control and power, it's trusting them to not crash the market or something similar to that. Whales cannot create Bitcoin out of thin air unlike the government. What they can do is manipulate prices in order to get more from smaller people who are trading Bitcoin. Either way, they have no influence on the current totality of Bitcoin and how many exists right now.

Based on your question
-I’l just go ahead and assume that you know little about how either the economy works or how crypto works, so I’ll try to give a kind answer to set you straight.

-First, stop saying “fiat” - it is national currency. “Fiat” is a dog whistle - code words that people use when trying to imply an agenda where they believe that national currency is somehow not real. Stop that now.

-National Currencies are manipulated because government try to manage their economy
Smoothing out the peaks and valleys of business cycles is important to bring stability. they are not manipulating to make people rich, they are manipulating for stability. You want this.

-As for crypto and whales Give up that dream crypto is all about speculation, making money on rapid changes in price. There probably aren’t that many people sitting on huge amounts of crypto that can manipulate the market.

We have different aspects in terms of currency and one of these is the fiat vs cryptocurrency here are some of the reasons why base on my experience.

In cryptocurrency the market is volatile and we have a lot of coins like bitcoin and altcoins examples are ethereum, ripple, and stellar. The reason why people are using this crypto because of the secured transaction, transparent and have fewer transaction fees and no taxes which is good and more convenient for us.
In terms of market trading cryptocurrency is more volatile and also there are a lot of pairs you can choose and make a prediction on it to make more money.

If we are trying to say about fiat currency this is a currency that is regulated only came from their countries and it is more legal and there is a punishment if someone will break the law on it.
In terms of trading the fiat is not quite sensitive as the crypto so many people will still choosing the crypto for trades. The beauty of the fiat currency is you can use this for over the country whenever you want only thing you need is an exchange.

I would better be controlled by government than being controlled by anonymous elites. At least you will have a right to criticize someone if anything goes wrong.

Neither crypto is better nor fiat. Both are two different things and one can't sustain without another. Try to think what will happen to bitcoin if you can't convert it to fiat! Both are needed for a sustainable ecosystem. We can't really suppress one for another!

lets start with your title: "crypto" or cryptocurrencies are NOT better than fiat. in fact a lot of them are a lot worse than fiat and it is not because of their manipulation but because of their lack of security and the fact that you can not trust the owners to not steal your money.

secondly only decentralized cryptocurrency, that is bitcoin, is better than fiat because it is decentralized and nobody can control it. the fact that some whales may manipulate the market from time to time and some newbies panic and sell or buy out of fear doesn't change that.

While you have just enumerate one major narrative about crypto and fiat, you have not consider flexibility in term of usage globally, crypto offer the versatility to obtain product and services without have to provide many information about your details (Anonymity). A lot of people have been a victim of online hacking resulted in their identity being leaked online but through crypto, you can obtain a services anonymously.

Everyone should look at this! Neither is better, they have their own purpose it's just that we have been dealing with fiat for a long time with central body that regulates it. Just imagine if there is no financial structure that is being followed, it will be a chaotic environment for us if we only use crypto (bitcoin) that is decentralized and manipulated. If you know how the economy works, OP will get how things are calibrated.

I don't think that fiat can't sustain without crypto, it is just a one sided for crypto since it existed just 10 years ago and we have fiat for a century and that only means that fiat will sustain even without crypto.

What do you mean by "handing the control"?The small group of wealthy whales might manipulate the cryptocurrency prices(it gets harder for them to do it),but they can't steal the coins in my wallet,unless my coins are deposited in some crypto exchange platform and I don't own the private keys.I have complete control over my coins.The price of my coins might go up and down,but I decide when to sell them.
The governments/banks can force you to pay taxes,they can create inflation and lower the value of your savings and they can block the money in your bank account.This is way worse,compared with a group of crypto whales. ;D

You are defining the manipulation and control with fiat correctly and compare it to crypto whales. Those two are different things and you're treating the whales as if they are the ones controlling wholly cryptocurrencies.

That's not different with the traditional market manipulators.

That is also what I'm afraid of if cryptocurrency will be embraced or gets global adoption it might also lead to global capitalism where the value. The price of Bitcoin or let say the entire crypto market can be manipulated by the big investors or whales. There are lots of advantages that a cryptocurrency have and if we will only focus on then we can conclude that cryptocurrency can be the solution for all fiats' shortcomings.

However, knowing who will gain control in crypto space when it is adopted globally we can not give assurance that no one will manipulate which can make things worst for a lot of people could possibly suffer if only a few can dictate the value and price of any cryptocurrency.

The cryptocurrency advantage then fiat,

• Decentralized, no one control
• Lower transaction fees
• Transaction always secured
• Easy to use and can be used anywhere

Make sense.
 But either way, we have different point of views regarding those crypto vs fiat. Each of them has a strong significant role. Though cryptocurrency can not be controlled by any third party, whales are just exists to play the market price but will not control your hold bitcoin. Also, we monitor our own crypto coins so we are at ease that it is safe in our own hands.

Fiat is not entirely manipulated by government just for control and power. That idea is very narrow. You should think that in general, fees or I guess let us put as charges for any transactions to happen. It is like a key in order for some things to function.
Compared to cryptocurrencies, we can't justify which is better considering its acceptance in the society.
It makes it more convinient.

I disagree on this, fiat as the currency that we are using right now is heavily regulated by the government, that means they have the control over it. What I think you are trying to say is that once you got the money, the government has nothing to do with that, but that's incorrect. The government can do whatever they want but they need to follow the rules, law and the constitution that their people needs to have. The government are regulating the currencies by using banks and central banks, these organization can just print money out of thin air.

For cryptocurrencies the acceptance is massively earned by bitcoin since it is the most recognized and adopted ones. But then I'll stick with my principle on this, neither fiat nor crypto is better.

They have different spread in terms of adoption though I like crypto but still its not convenient for me upon using it on offline transactions since its close to zero merchant are accepting it and it's so hassle to go to remittance center or bank to exchange it with fiat so that I can use it on buying goods. But what good in crypto is this is cannot withhold by the government since all crypto users have power regarding by its usage or anything.

I think fiat and crypto are both better and important. They have it's own usage,specification,valuea and importance. Crypto is better because we can make money out of it through investin,trading,...etc. Fiat also is better because it is our money used everyday which is issued by our government and it circulate for the whole country. Youneed crypto to earn profit and then convert it into Fiat money to be able to use in buying goods,services and other necessities. This two are both valuable.

Some opinions may be different, to understand it must know both.
It seems that you have to understand Crypto Blockchain technology. There are several advantages such as security, transparency, and efficiency. Crypto Blokchain brings positive technology. This is becoming the technology of the future. Some large countries have accepted Crypto as payment.
The Fiat currency is a supported by the central government  and all country acknowledge that.The state controls all policies so there is a stability of fiat currency circulation and inflation does not occur.

So in my pure opinion crypto is more efficient but is not recognized by all countries as payment while fiat is recognized by all countries and is stable. So for now I think both of them have advantages and disadvantages.

The cryptocurrencies outpace cash in terms of usage, traditional currencies will lose value without any means of recourse. Beyond the impact of a cryptocurrency future on individual consumers and on financial institutions, governments themselves would suffer. Bitcoin is the possibility that crypto will be floated on the Nasdaq, which would further add credibility to blockchain and its uses as an alternative to conventional currencies.

This is one of the oldest topic still being discussed over the forum as most of us as aware both crypto and fist has its own merits and demerits, it depends on an individual's perspective to decide whether crypto is better or fist because it's not the same situation and plan for everyone. I would prefer crypto over fiat for certain transactions which gives me upperhand over fiat at the same time I would fiat on fiat for certain transactions wherein fiat has upperhand. So it will be an never ending debate mate don't confuse yourself.

In general, humans in traditional times when they were not familiar with fiat, they exchanged goods with goods, this method is often called barter, whose names humans are never satisfied, desires, with the development of advanced civilizations to make life easier, but with the era of modernization and globalization with the support of technology makes people want faster survival in economic exchange can be a matter of seconds, that crypto is better now than fiat.

The pope, the bank and the government are different elements they cannot manipulate crypto.
The crypto market was never regulated by the pope and the government, that is the market manipulation that often occurs, caused.
Large/rich whales, this type of whale is very dangerous can play very big on crypto, this could involve international companies or their countries have financial resources that are executive, not government but pope, their finances may not be counted.
Because they can influence buying crypto and can radically influence investors, investing in crypto in the market.

But you eliminate middlemen in crypto, you don't pay for a heavy transaction, you can remain anonymous if you decide to do so and some digital assets like BTC serve as a store of value

I can't help but reason with your point of view... With the current state of cryptocurrency space, you are entirely right but mind you, the concept and vision behind the creation of bitcoin is entirely different from that and i believe the manipulation from the whales will be an history the moment bitcoin gets massive adoption across the globe. Then the manipulation from certain individuals wont really count as the interest of the general users will superceed that of the whales. So I'm picking bitcoin over FIAT anyday when it comes to a more private and secure currency

You are right about that. there are several threads already discussing about the pros and cons of crypto and fiat. However, no matter what benefits we are getting from the usage of crypto, we still need the fiat money in most of our everyday transactions. Consider also the number of population who are into crypto vs. the global population, we are still very small in number. And even if you want to use your crypto to most of your daily transaction, you can't, because very few merchants up until now have their payment method in crypto. So right now, even if we have long list of benefits for crypto usage, we still need fiat in most of our daily living. But of course, as a crypto user, we are already enjoying some of its benefits that we can't get from fiat.

Think that whales manipulating the market but not to consider as controlling the whole market. Unlikely, FIAT is totally controlled by the government but the risk is low compared to crypto. But why people are taking the high risk rather than they could actually stay at FIAT? It is probably looking for a more profitable market and that having crypto seems to the best option.

High risk= more gains.

This is the common mindset of the people but can't deny how many have fallen to this perception.

Governments inability to manipulate crypto because of the blockchain tech is where the advantage stops. Apart from that, I don't see how much anyone can do with crypto without going through FIAT. Well, before you argue this - How did you get your first crypto? Of course, you bought it with a fiat, right? That's my point!

Crypto and fiat should exist side by side, and not one getting looked upon as having the ability to surpass the other.

This is the first time I heard of a crypto vs fiat argument which involves the pope. LOL!

How in the whole wide world is the pope related to all of this? The Vatican does not even have their own independent currency. Neither does it have its own central bank.

This is too far-fetched that it sounds extremely ludicrous.

Governments can force everybody to use their money. They have monopoly control over money. While that’s not necessarily bad, it also eliminates competition. And, leaders have lots of incentives to use money systems for their own interests rather than the general welfare.

With cryptocurrency, nobody can force you to use one or the other. Even the whales don’t have that kind of power. So, they have to compete with each other.

Competition among different money systems should produce better outcomes for society.

Yeah, this is so funny. Pope and cryptocurrencies, I also hear for the first time for this combnation.
Anyway, this everything sounds to me like another conspiracy theory, just this time Vatican is involved too.
For some reason people think that every government and institution is trying to destroy Bitcoin or at least are trying to weaken it. In fact that  It's not true, they have far more important things to do some bitcoiners obviously like to think they are some kind of rebells and victims at the same time.

Anyway, in the world that is still exclusively depending on.fiat it's hard to tell that crypto is better than fiat money especialy having in mind that it's not perfect. Both fiat and cryptocurrencies have its good and bad sides and that is how it should be treated.

Yes that is a point, we are basically swapping whales

These new whales are people that were drawn to a new system that is fair, democratized, honest. Sure, there are also some whales that became a**holes, but much less than nowadays billionaires

Whales can manipulate bitcoin, but they cannot control it. There is a big difference between Fiat, which is controlled by central banks, and decentralized bitcoin, which no one can control. This is a clear and fundamental difference. There are, of course, advantages and disadvantages in each system, and compared to the two systems, we find that the positives of bitcoin and cryptocurrencies are much greater than negatives, unlike the banking system.

I've been around here for a while now. The question and comparison on which is better between the two has been asked not just once. And the answers are all quite the same — crypto and fiat are two different types of currency with their own purpose and not needed to be compared, hence.

Personally, I think the two currency goes well the way I use them. I can earn crypto here in the forum and convert it to paper money to buy my needs. They go hand in hand, for me. And shouldn't that be the case? To have fiat and crypto together and let them serve their purpose and not compare which one is better? Because after all, we can use both and have their own individual pros and cons.

im just the same as you  . i also earn crypto then convert it to fiat and spend it or save some  . ill then spend using fiat but i make crypto as a form of money making business  .   if only all stores here accept crypto i wont need to convert them to fiat but no its not although they support credit card and government based online payment system  but we dont know yet on the future  if crypto are really popular  . that should be the time that we can say that cryptos is better than fiat

-Governments can force everybody to use their money.
-They have monopoly control over money. While that’s not necessarily bad, it also eliminates competition. And, leaders have lots of incentives to use money systems for their own interests rather than the general welfare.
-With cryptocurrency, nobody can force you to use one or the other. Even the whales don’t have that kind of power. So, they have to compete with each other.
-so, the whales can manipulate bitcoin all they want. you have the freedom to use something else

:) Try with your government's money and see what happens ;)

I really don't think that any one of them will move to the other. I certainly believe that both fiat and crypto will co-exist in future.
Fiat is need to do physical transactions while crypto is good for online transactions.

I believe cash is needed since during times of internet shortage cash will be the best mode of payment since we won't be able to rely on the ISP for the online transactions.

I assume by crypto you are referring specifically to Bitcoin. Yes, because it's the new generation of the currencies, Bitcoin's supply is completely  fixed and can't be changed while the banks can't easily print money with permission of the governments. But after all these the best think about Bitcoin is none know how much bitcoins I hold including government and we all know privacy matters. This is the mean reason I believe crypto is better than fiat.

I don't if better is the right word (at least not yet)  but i can say that crypto has an edge over fiat in some aspects:-
Crypto gives you total control over your funds unlike fiat that have have some restrictions
Sending funds without the need for submitting personal information something fiat won't allow,
Holding crypto can also be profitable most times fiat don't give such profit just by holding it and the list goes on,
But only down side for crypto is that not generally accepted for now.

I think control or uncontrolled fully depends on globally acceptance of crypto. Now there is no massive rules and regulations globally as its not fully accepted less some rules where crypto are accepted. So when maximum of country will accept it, sure that a global control body will launch and big whales then can not control the market. In crypto we are mainly can save our time and security that maximum time we saw weapons use to take away money.

thanks.

Despite the world be it fiat or crypto, there's always a hierarchy where people at the apex to some extent controls what happens below them. Cryptocurrency is better because of its decentralized nature. Fast payment across the globe as well as no limitations to the numbers of transactions that can be done daily. Every fiat account has a daily limit to their transactions, with cryptocurrency its not so. I will choose cryptocurrency over fiat any day anytime.

Fiat is not just controlled but watched as well, but through crypto it's just you who watches and knows everything about your finances and nobody else until you want to keep everything anonymous. It's better not to compare two completely different things where one is not-so-secure and can get hacked (yes, I'm talking about Fiat) even if your money is in a Bank and/or  if a Bank goes bankrupt or runs away with your money, or some top level borrowers declare themselves as bankrupt and Banks deny giving you your money back. Whereas crypto is a highly secured network where you are the sole owner of your coins and you are the only one who will be responsible for your own loss of coins if it ever happens.

The one reason why its better is just because i dont have anybody in control of my money and i dont have to take permission from anyone to spend my own  money

What the poster of the thread wrote isn't entirely wrong, we all believe in bitcoin and we have strong expectations that it will be the digital assets of the future but we can't also deny the fact that currently, bitcoin is being manipulated by certain individuals. The binance CEO trying to re-org stolen funds and justin sun freezing people assets means the current cryptocurrency sector isn't much different from FIAT. And talking about security, the hack and lost of funds we frequently experience on exchanges shows that the security of blockchain is kind of weaken and about efficiency, when ever there's a heavy usage on bitcoin network, we do have delayed and high cost transactions

Cryptocurrency will be more valuable than fiat especially bitcoin because it has a limited supply and decentralized. Unlike fiat that is controlled by the government and they keep printing as they want. There are rumors about USDT controlling the market, I also see some large transaction on USDT is being minted. Yeah those whales really influence the market they can pump and dump a certain coin. If that continues I guess it is not good for the crypto community the trust will decrease if markets are manipulated.

Hello everybody. I would not emphasize that crypto is better than ordinary government money. I would argue more that everything has value in this world and everything has its place. I think that most of us buy cryptocurrency in order to sell it later and get more money, which we usually spend in stores. While cryptocurrencies are accepted as payment, for a small amount of goods, in a very limited list of countries, unfortunately, cryptocurrency can only be talked about as a means of accumulation, as a possible, very profitable investment of fiat money. Here you can endlessly argue about the advantage of an asset. But, nevertheless, I can say that I leave a certain amount of ordinary money for the necessary expenses - food, clothes, housing charges. I invest the remainder after all these operations in cryptocurrency, because when the cryptocurrency basically starts to be a means of payment, and not a means of accumulation, it is from that time that the present time for cryptocurrency will begin. I would say that now is the "stone age" of the use of cryptocurrency, and maybe worse. All the advantages of cryptocurrency are already described above, but I would be happy to imagine if they are embodied in the financial world, at least half of their capabilities. All this is arguing too much with our world, where thieves-officials rule. Therefore, we only have to dream about those times when the crypto coins accumulated by us can be spent in a simple store, but even more we dream that at a couple of satoshis you can buy at least what you can buy for a couple of dollars now. I can wish all of us good luck in implementing our most crazy plans related to cryptocurrency.

The continuous market participation of whales in crypto will actually be ruining the feature of the market. Tend to believe that we are totally a decentralized market but what whales wanting to manipulate the price it will also say that we are no longer to that form. I'm afraid that people will lose their confidence to see crypto is a decentralized one and then it can be likely the same as what it happens to FIAT where being controlled by the government. People have chosen cryptos especially for Bitcoin because of small txn fees and no taxes to pay unlike having FIAT money.

Crypto and Fiat currencies have their own advantages and disadvantages. Crypto is better than fiat and cannot be justified, because it has different characteristics and regulations.
The crypto currency is not regulated by governments or anyone and is decentralized. There are no policies that are able to regulate and influence cryptocurrency. But the risk of cryptocurrency is also very large, such as price fluctuations, theft-prone, can be used as money laundering, etc. While the FIAT currency has been monitored by the competent authority so prices will remain stable and have minimal risk.

I do agree with the fiat but in terms of Bitcoin, I don't think so.

It is true that whales can manipulate the market, but I don't think they would be doing that all the time. The government is tasked to control the fiat for the greater good of the country, whales just owned a huge percentage of a cryptocurrency and are not tasked to control or manipulate. It is just that they hold the highest percentage and with their every movement the price can be affected.

Exactly. There are already some establishments that are accepting crypto. But that's the point, just "some" and not "all". Many merchants are still using and accepting paper money as payment, most probably because of the price swings of crypto (bitcoin particularly)

Yeah. Unless crypto is the mostly used currency (or better yet, crypto is the only currency used) compared to paper money, then that will be the only time when we can decide that crypto is better than fiat. But we're not there yet, so let's just let the two currency do their parts and leave them be.

There should not be comparison of the two just yet, fiat serve wider purpose than crypto both in banking and other business sector, there are lot of services that crypto can not provide which are very necessary in human existence, just because few merchants accept btc is not enough to start comparing the two,
Even now many people are complaining about high transaction fee, pending transactions and what have you, there are still many limitations in crypto that make this comparison not suitable.
Many people just get confused about the value of crypto and its every usage as a monetary means.

It looks like every currency can be manipulated by someone, and no wonder even on cryptocurrency. Whales are moving accordingly, we can actually ride with them and make money while on fiat money, only the government makes money on that and of course the corrupt banking system. Better to use fiat money for liquidity but when its comes to its value, I'd rather have more bitcoin and save it until we reach the moon again. 

Well, it's kind of like, but it also means handing the power to everyone not minding who you are, whether you're rich or poor. That's why it's been said that there is likely to be a bad side to everything that happens. That's why you see today, there are people who make use of Bitcoin for a good purpose and there are also bad people that are taking advantage of the freedom given to them to do evil. Everyone is not the same, we have different purposes.

But the way I see things , cryptocurrencies are not really here to replace the first system. We are still going to have fiat and we are going to have cryptocurrency. It's just going to be as you are seeing it now, you will be able to make use of any one you want to make use of.

As i think, fiat is always better than crypto like btc. Fiat may controlled by government/banks but quite impossible to drop value 10% within a day  ;D when it's possible to Manipulate btc and btc price could be drop anytime, even 10% within a day.

But still you have got the power in your hands at least. Also crypto is borderless and is anonymous as no one knows who is holding their funds in which wallet and also it is quiet the opposite of banks where you have to complete the KYC for depositing and withdrawing your money and also to open an account in the bank. A bad decision from a government makes the fiat loose its value but in the crypto space the whales aren't having that much impact on the price of the coin as when they sell they create a minor dump and then the price recovers after sometime.

Cryptocurrency is better than fiat because it can be used to transact from here to there. Just use a smartphone to buy anything from anywhere in the world. Secondly, you don't have to pay government VAT and everything can be done confidentially and on your own. This is a complete owners' control.

Cryptocurrencies are resistant to manipulation, therefore they are not subject to inflation, i.e. no government will eat your property through this tax (let's call it a spade name), which introduces to destroy private capital.

It is worth noting that fiat currencies, due to the fact that they have no coverage in gold or have nothing to do with mysterious algorithms, can be reprinted to power, and also have a chance to go bankrupt. Paradoxically, they turn out to be more virtual than cryptocurrencies! Example? During the crisis in Cyprus there were those who lost their savings kept in banks!

I think you don't have to be a whale to have crypto and transact, in crypto we have control of ourselves and not third parties, there is enough freedom to manage the desired funds, Fiat always has and will have many limitations, with large sums of money They mostly block funds to find out the origin of it, one of Crypto's main reasons about fiat is that with Crypto you have complete control of money.

If you become a whale by buying Bitcoin then you can as well become a whale holding company shares and manipulating the position of that company on the market.

Years ago people believed that there are groups who got bitcoin almost for free nad those groups are now manipulating the market but it's clear that the people who had Bitcoin in 2010 sold it or are still holding. Those who are manipulating the market sim ply bought it over the years and the same thing could happen to you on any other market.

Whales are in every stock!

Let's think more openly and read more about economics. The government "manipulates" national finance for the stability of the country's economy, it is for your welfare as citizens, so please stop saying things that are not quite right as if the government is "using power" only. The crypto market is also not completely controlled by whales, ah this is quite complicated but big waves can form from the accumulation of small waves, right?

Cryptocurrency and national currency both have advantages, we should use both of them well to get the maximum profit. National currency with legal laws, a cryptocurrency with high-value investment and trade opportunities. So, just take advantage of both without having to get rid of one of them.

Of course cryptocurrency is better than fiat, because besides we have control of our own finances. Our privacy can awake, because using
crypto doesn't need our personal documents. With cryptocurrency you can do transactions anonymously. It is true that whales can manipulate
crypto prices, but whales cannot control crypto as a whole. Different from fiat which is controlled entirely by the government. Only cryptocurrency
can protect our privacy and also provide freedom to control our own finances.

Absolutely agree with your point here.
I don't compare crypto and fiat as they are serving different purposes for me.
Right now, I don't think even if you are an ardent supporter of crypto, you still need your fiat in some of your needs.
So don't disregard your fiat as it is still significant in your daily living, no matter what kind of transaction it is.
Just optimize the benefits that you can get from using these both. And be grateful that Satoshi created bitcoin.

Right now crypto or online payments are being better than Fiat because of the fast transaction and free from virus,
We could send crypto to anyone we like and it wouldn't matter where they are and we don't need to go out just to do it.
The best part is if crypto is being accepted as payment method around you, You wouldn't need to get close to anyone just to pay.

I am surprised when I hear that bitcoin is better than fiat. By fiat, we most often understand the dollar. Because in the blockchain industry, bitcoin plays a role similar to the dollar in the global financial system.
But ... The dollar is an abstraction. The dollar remains the dollar in any payment system, platform, application. Bitcoin is both a coin and an “ecosystem.”
Any system (ecosystem) has its own cycle of development and extinction. That is, the time comes when its modernization is no longer possible and it is necessary to follow other principles and create something from scratch.
For fiat, dollar or other possible prospective unit of calculation, this is not permissible. Therefore they are an abstraction. The principles of their treatment and methods of transmission may change, but not the essence.

The thing with some people is that they are fond of comparing everything they lay their eyes on. I don’t really have that time, whether it’s cryptocurrency or fiat, I make use of any one I want to make use of and I don’t see any problem in it. I don’t see anyone of them as being better than the other, but I do know that they both has ways that they are better than the other.

Cryptocurrency is good, because it’s kind of anonymous and allows us the freedom and access to a lot of things we wouldn’t get while making use of the fiat. In very near future, we can expect at least 40% of world population might be using cryptocurrencies because we are already seeing lots of people started making use of online payments in their mobile phones.

Not to be biased on one side here but I think there are allot of difference between crypto and fiat. There are also allot of characteristic that crypto has which fiat hasn't and vise versa. One example is the system, the system of crypto is more likely decentralized and fiat is run by government. With this, we can infer a huge impact to the financial system in our society already. I highly think that crypto alone will not make our society better, I accept that crypto supports the fiat and a currency that is alternative to it. But making people completely ignore fiats for the sake of crypto for me isn't that nice, as I believe fiat will be better in terms of economic control by government through running taxes for buildings, infrastructures, and various projects.

Both fiat and crypto have their own benefits towards the users of it.

Yes we know that fiat is being manipulated by the central banks for a long time already but we can't do anything about it because all of the establishments right now are accepting fiat as a mode of payment. There is nothing we can do but to continue to use it. It will just depend on how the user uses fiat currency.

With regards to crypto, yes it is heavily manipulated right now too by the whales but as the total market cap of crypto market increases the chances of it being manipulated will slowly decrease too as the coin will be distributed to more investors.

Overall, both are manipulated right now for me and I can't answer that question as they have both pros and cons.

This depends on the place you are living through.

Not all of the countries widely accept Bitcoin like your country. Another thing is that there are a lot of other payment methods people are using, here in our country we have Paypal, Paymaya and other mobile apps. We can use Bitcoin though but through an exchange where BTC is being converted to fiat, in terms of Bitcoin is better than fiat, in the end we are still using Fiat.

Manipulations between fiat currency and cryptocurrency has different objective.
Fiat currency is being manipulated to balance the economic stability of such country. Government is obviously manipulating it as they're the ones who are issuing it, and has the full control over it.
 While, cryptocurrency has no central authority that controls the productivity and it's value. The price depends on the market sentiments, speculations, and other form/tools to anticipate the crypto market movements. The whales has no control over the price, they can somehow manipulate using their wealth, but will never a guarantee to hit the specific price range they desired.
 

In my opinion, fiat money and cryptocurrencies have their advantages and limitations; fiat money is controlled by governments and central banks, cryptocurrencies are basically decentralized, mainly due to a technical ledger. Distributed digital is called Blockchain. Many people believe that fiat money is more popular than Bitcoin. However, both currencies are uncertain in the future. Where to invest is your own choice.

i think both can be the same  .  there are also decentralized based/type of fiat ( the ones that arent created by govt or bank ) but some of them can be exchange or used to for purchase while there are also centralized typed of cryptocurrencies   .



ofc its obvious that fiat are popular because it existed along time ago   . fiat money's future is certain but btc i dunno yet  but btc can be a good investment choice . fiat is not an investment but it was good for payment use mostly  although you can hold and save your fiat to grow it

Such thing the reason why crypto wouldn't be better than fiat until it will fade.  Aside from this the world isn't yet ready to embrace it not even after the revelation of its advantages over fiat.

The only advantage of crypto is they cannot be manipulated by the governments instead the governments are having a hard time taking it over from the investors. Right now, all they can do is regulating it but they put some huge tax on the centralized exchanges and they also put some rules that will allow them to track who holds the big amount of crypto in some of the exchanges. by implementing the KYC rules when you trade a large number of coins. In this case, those who don't know how to hide their real amount of BTC cannot hide from the governments rather they are forced to tell them the truth where they got those large numbers of coins. Like for example in our Local exchanges where your coins will be held until you tell them where you get those coins.

I think the two have two values. Not all people in the world know about crypto. There is also a need to use the money recognized by the government bank of the country in which it is located. Of course, all the people involved in the crypto world must think that crypto is better than fiat in their work. But equally, both are necessary.