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Author Topic: Do you Still believe in Fiat?  (Read 74892 times)
deisik
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June 17, 2016, 09:36:19 AM
 #101

How can you hate the thing you are using to buy you your daily needs?  I have more faith in Fiat than BTC to be honest Cheesy the main reason i have to change BTC to fiat is that regardless how high BTC is im confident that encashing it will give me stuff that i need Cheesy

Maybe, not the money itself, but the state behind it which constantly devalues it through excessive printing of new money?



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June 17, 2016, 09:42:48 AM
 #102

How can you hate the thing you are using to buy you your daily needs?  I have more faith in Fiat than BTC to be honest Cheesy the main reason i have to change BTC to fiat is that regardless how high BTC is im confident that encashing it will give me stuff that i need Cheesy
Maybe the system that revolves around our money industry? You know banks can manipulate it by making money out of thin air.
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July 09, 2016, 11:33:21 AM
 #103

Well even if fiat really sucks sometimes I still need it. Its not that I believe in it I just really need it for my daily life since it was the most accepted currency to buy daily needs.
Fiat lets you buy things you need and want. You can't buy anything using btc,One has to depend upon fiat than btc to meet the daily needs.



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hermanhs09
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July 09, 2016, 12:47:31 PM
 #104

i think that you cannot NOT believe in fiat.
Fiat is still the most important currency in the world,doesnt matter if it is USD or GBP,it is still
most popular all over the world,not bitcoin really,but maybe in some time...

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July 09, 2016, 02:45:11 PM
 #105

True it is a joke that governments can keep printing money with no real backing by gold. However, they will keep doing this because they can get away with it. I think bitcoin can still survive because of it's unique features.
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July 09, 2016, 02:50:54 PM
 #106

True it is a joke that governments can keep printing money with no real backing by gold. However, they will keep doing this because they can get away with it. I think bitcoin can still survive because of it's unique features.
Yeah bitcoin has a real power to replace the paper money as we can see the world being more devitalize day by day and bitcoin is what its have the strength !
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July 09, 2016, 02:57:12 PM
 #107

True it is a joke that governments can keep printing money with no real backing by gold. However, they will keep doing this because they can get away with it. I think bitcoin can still survive because of it's unique features.
Yeah bitcoin has a real power to replace the paper money as we can see the world being more devitalize day by day and bitcoin is what its have the strength !

it has the potential to replace fiat money, not the power. the power to replace something is still with the governments. so there is really no point into thinking bitcoin will in fact replace fiat money. it will never happen.
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July 09, 2016, 05:59:51 PM
 #108

True it is a joke that governments can keep printing money with no real backing by gold. However, they will keep doing this because they can get away with it. I think bitcoin can still survive because of it's unique features.
Yeah bitcoin has a real power to replace the paper money as we can see the world being more devitalize day by day and bitcoin is what its have the strength !

it has the potential to replace fiat money, not the power. the power to replace something is still with the governments. so there is really no point into thinking bitcoin will in fact replace fiat money. it will never happen.


I agree.  Only authority have the power to replace anything.  In this scenario, the one that have authority is the government.  Bitcoin is just a program or code that people are getting crazy with,  even at its ever growing populariity if the government decide to ban it people will just follow.  That means having potential doesnt mean have power.

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July 09, 2016, 07:08:06 PM
 #109

Yeah I believe in fiat!
I believe that it gonna crash like hell at a time or another!

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July 09, 2016, 07:23:21 PM
 #110

True it is a joke that governments can keep printing money with no real backing by gold. However, they will keep doing this because they can get away with it. I think bitcoin can still survive because of it's unique features.
And now imagine a situation where  money printing is done by a private company, just to lend those dolars money to government at a fee... Basically an unplayable loan is made between citizens and that private corp. Obviously nobody is asking citizens for permission. Next (yes there is more) private banking sector can lend those money at a factor of 50K to 1. This means that for every real buck they can lend out 50K electronic ones..."fiducial money" How can any one trust this? Absurd. Where is my tinfoil hat? Wink 

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July 09, 2016, 08:04:08 PM
 #111

How can you hate the thing you are using to buy you your daily needs?  I have more faith in Fiat than BTC to be honest Cheesy the main reason i have to change BTC to fiat is that regardless how high BTC is im confident that encashing it will give me stuff that i need Cheesy

Well, to be fair you have no choice in using fiat, you can't do anything but using it for your daily needs ^^

Even if you don't want it, you have to!
ajareselde
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July 09, 2016, 08:33:32 PM
 #112

How can you hate the thing you are using to buy you your daily needs?  I have more faith in Fiat than BTC to be honest Cheesy the main reason i have to change BTC to fiat is that regardless how high BTC is im confident that encashing it will give me stuff that i need Cheesy

Well, to be fair you have no choice in using fiat, you can't do anything but using it for your daily needs ^^

Even if you don't want it, you have to!

There are many things where you do have a choice between bitcoin and fiat, and if enough people start using it, the choice will only get higher
until finally you wont have to use fiat at all (or atleast thats what we hope to achieve). For example i buy all my tech thingys with bitcoin, as well as
a lot of online services and gamble.. It's a lot wider market than people assume, but ofc that it still has to grow in order to be recognized to wider audience
Laosai
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July 09, 2016, 09:34:18 PM
 #113

How can you hate the thing you are using to buy you your daily needs?  I have more faith in Fiat than BTC to be honest Cheesy the main reason i have to change BTC to fiat is that regardless how high BTC is im confident that encashing it will give me stuff that i need Cheesy

Well, to be fair you have no choice in using fiat, you can't do anything but using it for your daily needs ^^

Even if you don't want it, you have to!

There are many things where you do have a choice between bitcoin and fiat, and if enough people start using it, the choice will only get higher
until finally you wont have to use fiat at all (or atleast thats what we hope to achieve). For example i buy all my tech thingys with bitcoin, as well as
a lot of online services and gamble.. It's a lot wider market than people assume, but ofc that it still has to grow in order to be recognized to wider audience

Well gamble isn't really what I would call a "daily use" ^^
Tech things I agree but that's all for me. Nothing I use daily, no food, no groceries;..

SiNeReiNZzz
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July 09, 2016, 10:08:17 PM
 #114

the answer is obvious , if u never got into the

property cycle or dont have the uber high paying

job or welfare Queen status with Gov supplied housing

or lastly deal drugs,

u would hate Fiat to the  core!

the endless print cycle is a joke  Cheesy


Definitly NO!

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betohell
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July 09, 2016, 11:09:23 PM
 #115

Yeah I believe in fiat!
I believe that it gonna crash like hell at a time or another!
I think fiat will always live as long as the country remains consistent to use fiat. except in case of any disorder or any in the future I can not guarantee the existence of fiat

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July 09, 2016, 11:24:19 PM
 #116

"the endless print cycle is a joke" this is so true. I don't see where this world is going with constantly printing money, one that fiat system will explode.
I think money is on everyone's mind, we can trust in fiat or not its the same, we need it for comfortable life.

That is one of the reasons why bitcoin have big potential, and I believe some altcoins will follow btc. There is to much printed money in wrong hands, we need some balance and with blockchain that is more possible then with fiat.

.


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bitdumper
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One world One currency, Bitcoin.


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July 10, 2016, 02:49:44 AM
 #117

i agree with you o at some points . i too feel like government is miss using us by just a agreement. i really love if everyone use digital currency to transact with each other it will minimize a lot of problems like corruption , interference of government , bank using our money as their and so on . we know money makes money so its a endless stuff.

hermanhs09
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July 10, 2016, 02:56:10 AM
 #118

Hm...
How you cannot believe in fiat?
It is the main currency on the world,i know that bitcoin wen't pretty popular,but where do you live,
in a forest? We pay with fiat for most thing's,not with bitcoin.

groll
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July 10, 2016, 06:24:08 AM
 #119

I still believe in fiat currency since since before birth paper money was used by my family as a legal tender and even today. There is no reason why I should dislike it. The only thing I'm not agreeing with is how banking institutions would use our money. They give small interests to savings and give big interest on loans which on forehand it is our money they are lending out. With this we hope that bitcoin would change the corrupt banking system in our society.
Jmild1
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July 10, 2016, 07:06:15 AM
 #120

Well even if fiat really sucks sometimes I still need it. Its not that I believe in it I just really need it for my daily life since it was the most accepted currency to buy daily needs.
Fiat lets you buy things you need and want. You can't buy anything using btc,One has to depend upon fiat than btc to meet the daily needs.
I can prove to you that people can buy things with btc. See those services we have in our Marketplace, that's a good example that we can use bitcoin and make it circulate.
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