Do you prefer bitcoin, FIAT money or other?

[redsn0w]

Hey guys,

I've decided to open this thread for ask you now if you are forced to choose between bitcoin and FIAT money (eur, usd, yen, etc...) [1].

What will you choose?[2]




[1] Only an hypothetical case.
[2] With all the flaws and strengths of the two option.

[calme]

for balance, maybe conduct the same poll on a general site about money/investing. see if they're okay with having fiat.

[arlekyn13]

That's a weird question to ask, don't think we are anywhere close to moment when we would be forced to choose between bitcoin or fiat. Both can co-exist and they probably will for a long time. Besides, the choice is not ours to make, it'd belong to governs and we know very well governs serve a lot more than masses interests

[redsn0w]

for balance, maybe conduct the same poll on a general site about money/investing. see if they're okay with having fiat.

I am not registered in other forums, maybe you can open this poll on other forums and after give me the links so I can add them to the post.

That's a weird question to ask, don't think we are anywhere close to moment when we would be forced to choose between bitcoin or fiat. Both can co-exist and they probably will for a long time. Besides, the choice is not ours to make, it'd belong to governs and we know very well governs serve a lot more than masses interests

Thanks for your post, I have added this line : [1] Only an hypothetical case. I think they can co-exist but the discussion is about if you are forced to choose between bitcoin and fiat oney what will you choose? However I think at one cert point the two things can't exist at the same time, a sort of fight between decentralization and centralization.

[Vhawk23]

For me it's Bitcoins
It's the Bitcoins... Do i really to tell you about it?

Okay then, it's a future currency (even the price is kinda low right now)
And, they're untraceable, and anyone can use it(include students)
So which means students can learn about currencies(or to be specific cryptocurrency)

[Amph]

bitcoin of course

the main reason it's because of its decentralization, i want to have always full control about my money

also i don't trust bank at all, they with your money all the time

[Jace]

100% Bitcoin, why:

• independent of banks, governments or other middle men
• fair, honest, decentralized money
• "they" (regardless of who "they" is) can't steal or freeze or block my account
• anonymous (to certain extent, at least I don't have to identify and shit)
• unrestricted, no region or country or other bullshit limitations
• extremely fast
• extremely easy
• extremely secure
• extremely cheap
• extremely efficient
• no elite who has the exclusive privilege of creating money by the trillions of out thin air
• gives me 100% control of whatever the hell I prefer to do with MY money

[bryant.coleman]

I am almost losing my faith in Bitcoin. If the exchange hacks and wallet robberies continue like this, then Bitcoin may never go mainstream.

[dinda22]

because I like shopping online, so I prefer bitcoin because it is very simple and easy transaction

[Jace]

I am almost losing my faith in Bitcoin. If the exchange hacks and wallet robberies continue like this, then Bitcoin may never go mainstream.

Exchange hacks and wallet robberies are nothing compared to the scams, lies, cheating, corruption and fraud that banks pull off every single day as part of their regular business.

Sometimes, when you think about it, it's hard to believe that fiat money is still mainstream.

[Immortal Tech]

I think both have their positives and negatives so I like both. I think they both can work alongside each other too. Bitcoins are good as more of a universal currency so when abroad you don't have to worry about exchnage rates or exorbitant fees to withdraw money, but cash is still king if you want to make a quick purchase for a soda or some candy or something.

[vrm86]

For general purposes I prefer fiat money at the moment, because of high bitcoin volatility. I can't be sure if I should spend BTC now or in 1, 2, 7 days...
Also, there are not so many goods available online that I can buy with BTC, that would be shipped at reasonable cost.

[Jace]

but cash is still king if you want to make a quick purchase for a soda or some candy or something.

You obviously have never been in Arnhem (The Netherlands), Bitcoin Capital of the World

You'd be surprised how easy it is to do a quick purchase with Bitcoin here, with 60+ local merchants (including supermarket and various food shops) accepting Bitcoin.

[dothebeats]

Though I really like bitcoins to succeed, still we can't deny the fact that we are still bound to the burdens of fiat money. However, we, as the "early adopters" of this innovative technology laid before us, were the ones who will drive bitcoin to its highest point: mainstream adoption.

[sgk]

I would prefer a mix of both.

Though Bitcoin has its own strengths, it also has weaknesses which makes it NOT a tool for the regular Joe.

Until it gets user friendly and gains momentum, I would keep Fiat as my preferred method. Once we get to the point where crypto currencies become more secure and user-friendly for average user, I'll change my preferred medium to crypto. But then also it will be a mix, not 100% of any of the one.

[galdur]

For now I´ll have to prefer good old fiat since bitcoin has about zero acceptance and impact. But I hope that will change in the not too distant future. Good luck, g

[dothebeats]

but cash is still king if you want to make a quick purchase for a soda or some candy or something.

You obviously have never been in Arnhem (The Netherlands), Bitcoin Capital of the World

You'd be surprised how easy it is to do a quick purchase with Bitcoin here, with 60+ local merchants (including supermarket and various food shops) accepting Bitcoin.

Wow. Never knew a country where merchants accept bitcoin as it is. If only I have BTCBTC to spend, I would definitely include the Netherlands on my list of places that I want to visit.

Question, do you think I could survive a week in there with only BTCBTC on hand and never do a even a single transaction with fiat?

[shogdite]

I'd have to say bitcoin. Fiat still has its uses, it's still fairly hard to live 'off the grid' though some members of this forum have lived fiat free for a respectable amount of time. In the future I would love nothing more than to have my salary paid in bitcoin though I'd be wary of having to cash some of it out (for bills, insurance etc) due to the price volatility.

[Immortal Tech]

but cash is still king if you want to make a quick purchase for a soda or some candy or something.

You obviously have never been in Arnhem (The Netherlands), Bitcoin Capital of the World

You'd be surprised how easy it is to do a quick purchase with Bitcoin here, with 60+ local merchants (including supermarket and various food shops) accepting Bitcoin.

Irrelevant. Still not quicker than handing over the exact money in fiat. There's also not that much you can buy there nor would I be able to buy much at all with it in Amsterdam so a few niche shops that accept it in a small area isn't that great.  

[Lauda]

I am almost losing my faith in Bitcoin. If the exchange hacks and wallet robberies continue like this, then Bitcoin may never go mainstream.

You obviously do not know how much FIAT gets "lost" when the government does something. Sadly I can't find a correct link for this. The problem is that this doesn't have a real affect on the country (for example the USA), because they just keep making more. With Bitcoin they get dumped somewhere.
It's quite obvious that this is one of the important issues that need to be dealt with, but Bitcoin can't be blamed. The infrastructure supporting it is developing. It will takes time before we have exchanges that will almost be hack-proof.

I'm definitely for Bitcoin. Here's why:

• independent of banks, governments or other middle men
• fair, honest, decentralized money
• "they" (regardless of who "they" is) can't steal or freeze or block my account
• anonymous (to certain extent, at least I don't have to identify and shit)
• unrestricted, no region or country or other bullshit limitations
• extremely fast
• extremely easy
• extremely secure
• extremely cheap
• extremely efficient
• no elite who has the exclusive privilege of creating money by the trillions of out thin air
• gives me 100% control of whatever the hell I prefer to do with MY money