goinmerry
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March 10, 2016, 08:46:29 AM |
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Yes because we need something to compare to what the value of bitcoin is. But right now, fiat controls all of the currency market if that can change somehow in next hundred years I think its possible for bitcoin to replace fiat. For me fiat is fundamentally flawed and totally corrupted so I would like that to happen one day! Question is will we see that in our life time or not?
Yes that day would be a great day for us. But I think we will not be alive at that time. That is the sad thing though. This world have many problems and to change that fiat to a new currency will take a lot risk. |
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danherbias07
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March 10, 2016, 09:00:11 AM |
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Yes because we need something to compare to what the value of bitcoin is. But right now, fiat controls all of the currency market if that can change somehow in next hundred years I think its possible for bitcoin to replace fiat. For me fiat is fundamentally flawed and totally corrupted so I would like that to happen one day! Question is will we see that in our life time or not?
I guess not. There are still a big percentage of poor people in the world. First they need is knowledge. How will they get knowledge about this bitcoin thing if they are not that well educated. Next is ACCESS, how can they access it. Basically, one option is a smartphone. How can they buy a smartphone if they dont have a bitcoin. Because it is the bitcoin world right? So if you want to help them even for a little you cant give alms because he needs a smartphone again. Many more to consider. |
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ronaldinho_07
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March 10, 2016, 12:14:54 PM |
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[] the thing is bitcoin isnt allowed to be anywhere ,market ,gas station []
What? Anybody who wants to can use it, there is no "allowed". What did you mean by this? I were trying to say that you cant pay your fuel with bitcoin at the moment.Soo yes you will still need the fiat to make something that i consider normal as buy fuel,the same thing happens when you wanna to go supermarket buy the things to your home,you cant pay with bitcoin ,and this is something you really need to survive,food. So let me get this straight. You think the only way that food could arrive to you is if you trade a fiat currency for it? Have you never traded bitcoin, or for that matter, labor, goods, or services for food? Nothing? I'm curious where you are from Look you are going on the wrong place with my comments,i know you can get money as food doing some tasks,my family isnt rich i had worked on labor already,what im saying is with fiat you can get anything you wanna,but with bitcoin you cant get all the things you need ,just that. |
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funkenstein
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March 10, 2016, 01:17:50 PM |
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Look you are going on the wrong place with my comments,i know you can get money as food doing some tasks,my family isnt rich i had worked on labor already,what im saying is with fiat you can get anything you wanna,but with bitcoin you cant get all the things you need ,just that.
I'm sorry if I offend. Its important to realize that "getting what you wanna" can be done with whatever you wanna. Maybe an example would help. Can you tell me something you can't get with gold or bitcoin or bags of rice? I'll call the guy you want to get that thing from myself and determine a price in all three of those. To be fair, sometimes it is quicker to go through a local intermediary fiat dealer, if you have a good one, than to talk with people. You mention that your family isn't rich. I interpret that as being that you have grown up using counterfeitable units and assuming they are "money" and as a determination of who is rich or not. Kind of the definition of poverty. Escaping that is up to you. |
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n0ne
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March 11, 2016, 03:49:08 AM |
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Bitcoin will be depending on fiat till it gets a acceptance to be used in its physical form. Till date we are in need to convert to fiat and use in places where bitcoin is not accepted.
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diegz
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March 11, 2016, 01:47:02 PM |
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Bitcoin will be depending on fiat till it gets a acceptance to be used in its physical form. Till date we are in need to convert to fiat and use in places where bitcoin is not accepted.
That's the reality about bitcoin.. it still need a bigger number of users, and a number of merchants that would accept bitcoin as a payment, otherwise we will still be at this same scenario in many years if we cannot use it outside and in real life purchasing in a store, lucky are those countries who already have physical stores that accepts bitcoin.. |
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Amph
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Merit: 1069
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March 11, 2016, 02:54:11 PM |
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Bitcoin will be depending on fiat till it gets a acceptance to be used in its physical form. Till date we are in need to convert to fiat and use in places where bitcoin is not accepted.
i think the topic si not talking only about acceptance, and not, but about the value that fiat is giving to bitcoin even in the remote case that bitcoin is accepted everywhere, you still need something to give value to it if it was not like this, how can you know how many things you can buy with 1 bitcoin? |
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ronaldinho_07
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March 12, 2016, 02:51:06 PM |
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Look you are going on the wrong place with my comments,i know you can get money as food doing some tasks,my family isnt rich i had worked on labor already,what im saying is with fiat you can get anything you wanna,but with bitcoin you cant get all the things you need ,just that.
I'm sorry if I offend. Its important to realize that "getting what you wanna" can be done with whatever you wanna. Maybe an example would help. Can you tell me something you can't get with gold or bitcoin or bags of rice? I'll call the guy you want to get that thing from myself and determine a price in all three of those. To be fair, sometimes it is quicker to go through a local intermediary fiat dealer, if you have a good one, than to talk with people. You mention that your family isn't rich. I interpret that as being that you have grown up using counterfeitable units and assuming they are "money" and as a determination of who is rich or not. Kind of the definition of poverty. Escaping that is up to you. I know we can exchange our bitcoin to get anything we wanna,what im saying is that you cant pay with bitcoins direct the same way you do with fiat,anywhere you go fiat and card is the option ,you cant use bitcoin .I didnt get offended i know how hard is to get the things we eat,atleast some of them,the kind of work no one wanna to do and dont respect who work there. |
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torrentheaven
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March 12, 2016, 04:21:56 PM |
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Look you are going on the wrong place with my comments,i know you can get money as food doing some tasks,my family isnt rich i had worked on labor already,what im saying is with fiat you can get anything you wanna,but with bitcoin you cant get all the things you need ,just that.
I'm sorry if I offend. Its important to realize that "getting what you wanna" can be done with whatever you wanna. Maybe an example would help. Can you tell me something you can't get with gold or bitcoin or bags of rice? I'll call the guy you want to get that thing from myself and determine a price in all three of those. To be fair, sometimes it is quicker to go through a local intermediary fiat dealer, if you have a good one, than to talk with people. You mention that your family isn't rich. I interpret that as being that you have grown up using counterfeitable units and assuming they are "money" and as a determination of who is rich or not. Kind of the definition of poverty. Escaping that is up to you. I know we can exchange our bitcoin to get anything we wanna,what im saying is that you cant pay with bitcoins direct the same way you do with fiat,anywhere you go fiat and card is the option ,you cant use bitcoin .I didnt get offended i know how hard is to get the things we eat,atleast some of them,the kind of work no one wanna to do and dont respect who work there. At a moment we have to depend on fiat to make purchases as we don't find many shops that accepts bitcoin as a mode of payment, things will change in future but till then we have use fiat for making purchases. |
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calkob
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March 12, 2016, 06:43:25 PM |
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i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment.  |
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LarryHocks
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March 12, 2016, 07:54:26 PM |
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i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment. True. If bitcoin is mainstream then we can see it being used by any kind of digital party. Which means there is no fiat needed anymore to buy bitcoins. Or even to spend your bitcoin. I do hope that the price will be stable then. |
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tampazeus
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March 12, 2016, 08:20:42 PM |
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i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment. True. If bitcoin is mainstream then we can see it being used by any kind of digital party. Which means there is no fiat needed anymore to buy bitcoins. Or even to spend your bitcoin. I do hope that the price will be stable then. For stable price you need huge market cap which is missing at a moment and never expect stable price from bitcoins as that is nearly to impossible and bitcoins will be used more in future but I don't see fiat going anywhere. |
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DeDordtenaar
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March 13, 2016, 02:46:10 PM |
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i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment. it looks very beautiful but to reach into mainstream bitcoin takes effort. bitcoin we should be able to spread throughout the entire world, so bitcoin become mainstream |
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SquallLeonhart
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March 13, 2016, 02:58:21 PM |
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i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment. it looks very beautiful but to reach into mainstream bitcoin takes effort. bitcoin we should be able to spread throughout the entire world, so bitcoin become mainstream Even if bitcoin gets on mainstream fiat will still continue to enjoy its existence as there would be many people who will use only fiat and not bitcoins, so both will be widely used in future. |
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ronaldinho_07
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March 13, 2016, 04:39:03 PM |
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i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment. it looks very beautiful but to reach into mainstream bitcoin takes effort. bitcoin we should be able to spread throughout the entire world, so bitcoin become mainstream Even if bitcoin gets on mainstream fiat will still continue to enjoy its existence as there would be many people who will use only fiat and not bitcoins, so both will be widely used in future. Well the bitcoin if gets mainstream it will be used for us,the rest that doesnt have bitcoin will keep with fiat,the question isnt that ,bitcoin will be always an investment option besides all the advantages against the current fiat system,but in the end we will always be dependent of it,because its an investment currency allowing anyone to make a fortune from it ,but in the end no one will risk all the life into bitcoins as their value may drop ,soo people will use bitcoin and play with it but will convert a part of it into fiat. |
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Kingno.1
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March 13, 2016, 05:13:47 PM |
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No one can predict future precisely. But for a long term it will be dependent on fiat as we don't have any regulating body yet and anyone can mine bitcoins.
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martinacar
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March 13, 2016, 05:31:11 PM |
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i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment. it looks very beautiful but to reach into mainstream bitcoin takes effort. bitcoin we should be able to spread throughout the entire world, so bitcoin become mainstream Even if bitcoin gets on mainstream fiat will still continue to enjoy its existence as there would be many people who will use only fiat and not bitcoins, so both will be widely used in future. Well the bitcoin if gets mainstream it will be used for us,the rest that doesnt have bitcoin will keep with fiat,the question isnt that ,bitcoin will be always an investment option besides all the advantages against the current fiat system,but in the end we will always be dependent of it,because its an investment currency allowing anyone to make a fortune from it ,but in the end no one will risk all the life into bitcoins as their value may drop ,soo people will use bitcoin and play with it but will convert a part of it into fiat. Even if bitcoin goes mainstream there still will be the need for fiat to convert it. One of the advantages of bitcoin is the fee. If you go with a btc creditcard you still will need to pay for the high fees. |
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chaosknight
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March 13, 2016, 05:34:05 PM |
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No one can predict future precisely. But for a long term it will be dependent on fiat as we don't have any regulating body yet and anyone can mine bitcoins.
That's true and i feel that fiat will always be used by majority of the people especially by them who are not tech savvy and I don't think that they would be that comfortable to use any digital currency for making purchases. |
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ronaldinho_07
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March 14, 2016, 02:28:11 PM |
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Bitcoin and fiat will always be a team,as all wanna invest at bitcoin and take the profit and if possible the investment back into fiat and keep playing with the profit at bitcoin .
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funkenstein
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March 14, 2016, 02:52:57 PM |
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I know we can exchange our bitcoin to get anything we wanna,what im saying is that you cant pay with bitcoins direct the same way you do with fiat,anywhere you go fiat and card is the option ,you cant use bitcoin .I didnt get offended i know how hard is to get the things we eat,atleast some of them,the kind of work no one wanna to do and dont respect who work there.
A payment is an exchange of one thing for another. No difference at all. What can I say. Anyway I am shocked at the idiocy of some other people in this thread. I can only assume they are pretending. NOTHING is dependent on fiat. The notion is absurd. It is exactly the same as saying "if I am not robbed every day on the way home from work, could I still pay the rent?" Of course you'd be alright - you'd have more money!! "But oh no, what am I going to do without a totally broken system?" Oh I don't know, maybe use one that works? The whole point of fiat is to defraud idiots who give up labor and services for these tokens - tokens which are produced by the trillion at no cost! How could anything depend on such fraud? |
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