Bitcoin would have averted this painful loss, shame on fiat

[mirakal]

Transparency—that’s what people want, and that’s why we’re looking for change. Bitcoin might be the answer. Sure, banks have their lapses and lack transparency, but like it or not, they’re still important. Why? We still rely on fiat money every day. Maybe in the future, when more people adopt bitcoin and it becomes the norm, we’ll finally break free from fiat.

But for me, I don’t see fiat as something to be ashamed of. We benefit from banks, and honestly, when it comes to security, we can trust that our money is safe with them. It’s really just the unclear fees that can be frustrating. Maybe we should ask them about that if we have concerns.

[fuguebtc]

Transparency—that’s what people want, and that’s why we’re looking for change. Bitcoin might be the answer. Sure, banks have their lapses and lack transparency, but like it or not, they’re still important. Why? We still rely on fiat money every day. Maybe in the future, when more people adopt bitcoin and it becomes the norm, we’ll finally break free from fiat.

Even if bitcoin becomes widely adopted and more people use it, I don't believe we will eliminate fiat. Simply because the government will never let that happen, if that happens it is like the government has collapsed. As long as the world is under their control and management, don't expect us to be able to completely eliminate fiat or the banking system.

But for me, I don’t see fiat as something to be ashamed of. We benefit from banks, and honestly, when it comes to security, we can trust that our money is safe with them. It’s really just the unclear fees that can be frustrating. Maybe we should ask them about that if we have concerns.

Trust me, there is nothing to be ashamed of and no one feels ashamed of using fiat and banking because they use them every day. There may be complaints, annoyances but in the end people still continue to depend on them because they are the main means of our lives.

If OP dares to answer honestly, I'm guessing he's still using fiat and banking, and has never used bitcoin for everyday payments. Bitcoin is not a legal currency in most countries and most people just want to invest in it, not many people want to use it for payments. That is what is happening and we should accept that fact.

[Negotiation]

Bitcoin is very good currency for investment but demand for fiat is very high fiat is nothing to be ashamed of because many people still don't know about the use of bitcoin and they prefer to use fiat. Those who don't know the use of bitcoins keep their savings in the bank and get the security. Bitcoin is more popular in the online world like fiat, all countries of the world will use bitcoin more if it becomes popular. It is still not possible to transact with bitcoin in many places where cash is more prevalent. No one knows how the future of bitcoin will develop but in fiat currency from banks, people are getting more security.

[SmartGold01]

Bitcoin is boss, not by mouth only, you see what fiat cost that innocent guy trying to do a legitimate trading business. His money was useless for him by fiat bank arrangement, no one knows where the actual fault came from due to too many parties involvement and the banks will do it authoritatively, they set the price and charges as they like on your own money. This can't happen with Bitcoin, all transactions are transparent, you can easily know where the fault comes from and less than $0.3 will complete the transaction in minutes.

The bank transfer must have delayed his transaction for at least two days only to realize that almost €100 was charged for transferring €1,000 to the beneficiary account. Fiat is just silly, banks are crook and feeding fat on people's money.

I see truly bitcoin is the ultimate because lot of people has experience this issues and would always want to use Bitcoin. Whom would see this and be happy to further use fiat again?
Nobody, and is been a while I used third party payment system than bitcoin, just mostly except from local payment such as buying things around neighborhood then pay with fiat otherwise, for international payment methods or online I do use bitcoin to push off my payment and clear it up. Banks are criminal and sometimes people needs to go for account auditions to see where and how their money are being taken from their accounts, because there are incessantly and insignificant charges that has been carried out from people's account without their approval or knowledge.

[Rabata]

That's why we prioritize crypto for financial freedom. A bank or an insurance company they trade with the assets of others they are established very quickly. I blame these transaction fees as one of the reasons for how this is possible. If they are thus deducting the customer's assets from the target transactions every day, the consumer will suffer greatly but will have nothing to do. But if this third medium can be eliminated, everyone can benefit. And for this, the crypto platform is an open one through which no third party permission is required for any type of transaction. They do not have to pay additional transaction fees. There will be no time commitment. People will be able to complete their transactions whenever they want.

[Gallar]

~Snip

Bitcoin is boss, not by mouth only, you see what fiat cost that innocent guy trying to do a legitimate trading business. His money was useless for him by fiat bank arrangement, no one knows where the actual fault came from due to too many parties involvement and the banks will do it authoritatively, they set the price and charges as they like on your own money. This can't happen with Bitcoin, all transactions are transparent, you can easily know where the fault comes from and less than $0.3 will complete the transaction in minutes.

The bank transfer must have delayed his transaction for at least two days only to realize that almost €100 was charged for transferring €1,000 to the beneficiary account. Fiat is just silly, banks are crook and feeding fat on people's money.

If we talk about transaction fees, bitcoin is indeed cheaper than the transaction fees applied by the banking system. However, you also need to remember that the price of bitcoin often experiences quite significant increases, as has happened in the last few months. So at certain times Bitcoin transaction fees can also become quite expensive due to transaction congestion in it. Apart from that, the transaction fees applied by the banking system from the past until now are quite expensive. But the advantage of the banking system is that I know the costs won't increase too much each year. So even though the transaction fees are quite expensive, the difference is that the transaction fees are quite stable. Therefore at this point I would not say that the banking system is bad, and bitcoin is better. Because both also have their respective advantages and disadvantages. Maybe if we want to send some money across countries, Bitcoin is definitely the most appropriate solution to use. But if, for example, we want to send money within our own country and not across borders, I don't think there's anything wrong with going through a bank too. Because actually, if we think deeper, banking also plays an important role in our lives. Because for example, if we were to sell bitcoin, of course the money would definitely be withdrawn into a bank account. Maybe for countries that have legalized bitcoin, such as El Salvador, you can directly carry out transactions without banking, because in El Salvador there are many shops or shopping centers that accept bitcoin payments. But for people who live in countries that have not legalized bitcoin as a transaction tool, of course to be able to withdraw their money they have to go through a bank first. So the point is that currently bitcoin and banking will always be equally needed by the majority of humanity.

[Marvell1]

~Snip

Bitcoin is boss, not by mouth only, you see what fiat cost that innocent guy trying to do a legitimate trading business. His money was useless for him by fiat bank arrangement, no one knows where the actual fault came from due to too many parties involvement and the banks will do it authoritatively, they set the price and charges as they like on your own money. This can't happen with Bitcoin, all transactions are transparent, you can easily know where the fault comes from and less than $0.3 will complete the transaction in minutes.

The bank transfer must have delayed his transaction for at least two days only to realize that almost €100 was charged for transferring €1,000 to the beneficiary account. Fiat is just silly, banks are crook and feeding fat on people's money.

If we talk about transaction fees, bitcoin is indeed cheaper than the transaction fees applied by the banking system. However, you also need to remember that the price of bitcoin often experiences quite significant increases, as has happened in the last few months. So at certain times Bitcoin transaction fees can also become quite expensive due to transaction congestion in it. Apart from that, the transaction fees applied by the banking system from the past until now are quite expensive. But the advantage of the banking system is that I know the costs won't increase too much each year. So even though the transaction fees are quite expensive, the difference is that the transaction fees are quite stable. Therefore at this point I would not say that the banking system is bad, and bitcoin is better. Because both also have their respective advantages and disadvantages. Maybe if we want to send some money across countries, Bitcoin is definitely the most appropriate solution to use. But if, for example, we want to send money within our own country and not across borders, I don't think there's anything wrong with going through a bank too. Because actually, if we think deeper, banking also plays an important role in our lives. Because for example, if we were to sell bitcoin, of course the money would definitely be withdrawn into a bank account. Maybe for countries that have legalized bitcoin, such as El Salvador, you can directly carry out transactions without banking, because in El Salvador there are many shops or shopping centers that accept bitcoin payments. But for people who live in countries that have not legalized bitcoin as a transaction tool, of course to be able to withdraw their money they have to go through a bank first. So the point is that currently bitcoin and banking will always be equally needed by the majority of humanity.

In my experience, using bitcoin is actually more convenient when we use it for international payments or cross-border money transfers. But when it comes to paying bills for everyday needs, even at its most stable, the bitcoin network is no match for banks. I don't know about other countries, but when using a bank in my country, you will be 100% free of domestic transactions, from card issuance to transaction fees, and annual fees...all are free. Not to mention the transaction will be confirmed almost instantly. Bitcoin is not perfect and banks are not as bad as OP says.

People often talk about El Salvador, it is true that they have adopted bitcoin as the official currency of the country. But don't forget that USD is still being used alongside bitcoin there, and we have no evidence that people in El Salvador use bitcoin without using USD.

[Solokan]

The traditional banking system is not perfect (note, before the advent of bitcoin you all silently used this system) and the world has not abandoned this system yet. But bitcoin too has its shortcomings. You somehow quickly forgot about last year (or so) of BTC-mempool load and the resulting transaction delays and high fees. You should not overestimate bitcoin, as well as underestimate fiat, but rather take a realistic look at existing financial instruments and use the advantages of this (having leveled out the disadvantages by using alternative solutions).

It's true that of course we have always used banks for transactions and so on, of course, but of course even now there are still many people who use banks for transactions and so on Yes, I agree with You opinion because banks have advantages and disadvantages, as well as Bitcoin which has advantages and disadvantages.

yes, I remember very well, friends, when we saw in the mempool the transaction fees were very expensive and of course at that time I also experienced difficulties in making transactions such as sending btc from the wallet to the exchange because the problem was that not much of my btc would be sent but the fee was more expensive than the btc that would be received by Exchange. Yes, of course we can conclude that BTC also has advantages and disadvantages, as do banks.

Yes, the point is that in this case we have to be able to utilize everything that is available because of course we need BTC and also need a bank because for me personally, BTC and banks are friends and of course it is very difficult to separate them. and what is certain is that money and BTC will be difficult to separate and what is certain is that we have to be able to use everything and make the best of the situation. and most importantly we must avoid losses.