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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
mornabo
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January 18, 2017, 11:14:58 PM
 #1061

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.
the important thing is we are still dependent on fiat, even if you're a bitcoin users even today you still rely on fiat and is valuable wherever fiat. so I strongly believe in fiat

I also believe in fiat currency. It is used in everyday life and it is difficult to live without it. Bitcoin it still can not replace. He did not so much trust in people, and it does not approve of the government
actually we do not have any other option to believe on bitcoin. because there is not present any other crypto currency that can be use instead of bitcoin and fiat therefore i will always prefer bitcoin and will trust on it for every .
I think there are some other cryptocurrency similar like bitcoin, even nearly matching technology, but once again the trust of users towards bitcoin can not be purchased or directly to fade. I believe in bitcoin like to believe in fiat

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January 18, 2017, 11:18:12 PM
 #1062

Debt based currency is a flawed system and I have absolutely no faith in it.
I would prefer a Commodity Based Currency any day.
I couldn't agree more with the above quote and until discovering bitcoin like many i didn't have a clue how the fiat system actually worked, now i have looked into it i can't believe a system like that has been able to run for so long unchallenged.

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January 19, 2017, 04:10:45 AM
 #1063

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.
Yes all of us here believes in fiat because we can use it ij our daily lives but what if bitcoins will be recognized by your government? Will you still belive in fiat?
I use fiat because I do not have any choice since it is the only currency accepted in my country but that does not mean I believe in fiat, this system of a currency that you can print at will that is not backed by anything is going to end someday.

That's it, we don't have choice but to still use and keep on believing in fiat because bitcoin is still not that globally accepted. And for sure in each of our countries we are only very few that uses bitcoin, so whether we are not going to believe fiat because we do have bitcoin, still we are going to be forced to keep on believing with fiat.
Nobody is forcing anyone to believe in a stupid debt ridden system like the current fiat set up but until people wake up and realise that the fed printing money is a bad idea and doing society more harm than good bitcoin will unfortunately always remain in the background.

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January 19, 2017, 04:15:20 AM
 #1064

Is there such a thing into not believing in fiat? Then that means you wont use it. I found it hard to live without using it. It is one of the easiest part of the world's trade and changing it will really make a hard time for every people that is using it.
I know we have credit cards now but not everyone is using it and not all people do care about it. Many people dont even have bank accounts.

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January 19, 2017, 04:26:44 AM
 #1065

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.
Yes all of us here believes in fiat because we can use it ij our daily lives but what if bitcoins will be recognized by your government? Will you still belive in fiat?
I use fiat because I do not have any choice since it is the only currency accepted in my country but that does not mean I believe in fiat, this system of a currency that you can print at will that is not backed by anything is going to end someday.

That's it, we don't have choice but to still use and keep on believing in fiat because bitcoin is still not that globally accepted. And for sure in each of our countries we are only very few that uses bitcoin, so whether we are not going to believe fiat because we do have bitcoin, still we are going to be forced to keep on believing with fiat.
Nobody is forcing anyone to believe in a stupid debt ridden system like the current fiat set up but until people wake up and realise that the fed printing money is a bad idea and doing society more harm than good bitcoin will unfortunately always remain in the background.

Unless you can do something for it to get rid of it then let's go for it. But the fact is the whole world is being manipulated by big people behind financial systems. And also the medias are there that are being used to tell the people that bitcoin is unsafe. That's the word for it, we don't have choice but to keep on moving with it.
Are you saying that we don't have a choice but to keep using fiat and letting the big guys screw us?

Before bitcoin came along I didn't have a clue as to how the current fiat system worked and was shocked at what I learnt, just the fact that we have cryptocurrencies now is a big step forward.

If you look back in history then you will see that it took many years for anyone to accept that a piece of paper had value and it then took many more years for people to come to terms with using a piece of plastic as money.
Give it time, cryptocurrencies will be the norm, I just hope it's quicker than the acceptance of cash and cards.

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January 19, 2017, 11:18:47 AM
 #1066

Inflation is the main scourge of paper money, in 19% of cases the currency is brutally destroyed by hyperinflation episodes. But even when they are not destroyed, yet old and respectable, currencies backed by powerful States, are drastically and systematically affected by inflation. The pound sterling, the oldest currency having courses (320 years of existence) has lost 92 percent of its value since 1971, Ditto for the US Dollar, which in its 222 years of existence has lost 97% of its value, including 83% of depreciation since 1971 only!.

Voltaire said:
A paper currency, based only on the confidence in the Government that prints it, always eventually returned to its intrinsic value, which is zero.

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January 19, 2017, 11:30:46 AM
 #1067

Is there such a thing into not believing in fiat? Then that means you wont use it. I found it hard to live without using it. It is one of the easiest part of the world's trade and changing it will really make a hard time for every people that is using it.
I know we have credit cards now but not everyone is using it and not all people do care about it. Many people dont even have bank accounts.

I agree with you, even if you have BTC you still need to convert it to fiat to be accaptable in most places. Fiat currency has been ingrained in the way we do things and will remain this way for a long time
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January 19, 2017, 12:19:19 PM
 #1068

Is there such a thing into not believing in fiat? Then that means you wont use it. I found it hard to live without using it. It is one of the easiest part of the world's trade and changing it will really make a hard time for every people that is using it.
I know we have credit cards now but not everyone is using it and not all people do care about it. Many people dont even have bank accounts.

I agree with you, even if you have BTC you still need to convert it to fiat to be accaptable in most places. Fiat currency has been ingrained in the way we do things and will remain this way for a long time
That's definitely right. There's still many people out there who won't bother to learn something new, even many of them still don't have bank accounts yet. As for now, unfortunately, fiat is still the main and favourite thing around this world but I'm sure this thing will be changing by the time and the development of new technologies, however, the only thing that can make people migrating from fiat to a new option is the government by banning any kind of fiat ( Cash )
Probably we're all here in the whole of our life still seeing those cash being used, who knows?.

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January 19, 2017, 05:15:56 PM
 #1069

Is there such a thing into not believing in fiat? Then that means you wont use it. I found it hard to live without using it. It is one of the easiest part of the world's trade and changing it will really make a hard time for every people that is using it.
I know we have credit cards now but not everyone is using it and not all people do care about it. Many people dont even have bank accounts.

I agree with you, even if you have BTC you still need to convert it to fiat to be accaptable in most places. Fiat currency has been ingrained in the way we do things and will remain this way for a long time

We probably have no choice. Not believing obviously means no using and as said earlier without using fiat we cannot do anything because there is no other currencies we can use in real world. Though bitcoin is the most loved currency in the community but it is not usable in real world.
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January 19, 2017, 10:36:11 PM
 #1070

Is there such a thing into not believing in fiat? Then that means you wont use it. I found it hard to live without using it. It is one of the easiest part of the world's trade and changing it will really make a hard time for every people that is using it.
I know we have credit cards now but not everyone is using it and not all people do care about it. Many people dont even have bank accounts.

I agree with you, even if you have BTC you still need to convert it to fiat to be accaptable in most places. Fiat currency has been ingrained in the way we do things and will remain this way for a long time

We probably have no choice. Not believing obviously means no using and as said earlier without using fiat we cannot do anything because there is no other currencies we can use in real world. Though bitcoin is the most loved currency in the community but it is not usable in real world.
yes currently fiat cannot be replace by any other currency, not even by bitcoin, because the users of bitcoin or any other crypto currency are not good in number and therefor the facilities of bitcoin are not available everywhere in the world. i think it will take a lot of time therefore we can currency depend of fiat entirely . but still we are hopeful that in future all the people of the world will be using bitcoin.

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January 19, 2017, 11:04:48 PM
 #1071

Fiat in itself is not completely the problem, having a currency not backed by anything may seem weird and it is , but the problem is politicians take advantage of it and print it like there is no tomorrow, and at the rate they are printing it there is not going to be a tomorrow for fiat.



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January 20, 2017, 12:02:58 AM
 #1072

Fiat in itself is not completely the problem, having a currency not backed by anything may seem weird and it is , but the problem is politicians take advantage of it and print it like there is no tomorrow, and at the rate they are printing it there is not going to be a tomorrow for fiat.
I think the government will not do printing of fiat money blindly. because of course it will create inflation in the country, the government will surely make fiat to be good, so I believe in fiat

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January 20, 2017, 01:05:27 AM
 #1073

Fiat in itself is not completely the problem, having a currency not backed by anything may seem weird and it is , but the problem is politicians take advantage of it and print it like there is no tomorrow, and at the rate they are printing it there is not going to be a tomorrow for fiat.
I think the government will not do printing of fiat money blindly. because of course it will create inflation in the country, the government will surely make fiat to be good, so I believe in fiat

Oh yes, inflation will happen if they are going to keep on printing and printing continually. And as you know, politicians are not the who are responsible for printing the paper money but the central bank of a country. And if that is going to be abused, many foreign investors and local investors are going to fly away to other country if that is happening.

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January 20, 2017, 01:37:52 AM
 #1074

Fiat in itself is not completely the problem, having a currency not backed by anything may seem weird and it is , but the problem is politicians take advantage of it and print it like there is no tomorrow, and at the rate they are printing it there is not going to be a tomorrow for fiat.
I think the government will not do printing of fiat money blindly. because of course it will create inflation in the country, the government will surely make fiat to be good, so I believe in fiat

Oh yes, inflation will happen if they are going to keep on printing and printing continually. And as you know, politicians are not the who are responsible for printing the paper money but the central bank of a country. And if that is going to be abused, many foreign investors and local investors are going to fly away to other country if that is happening.
Central bank would not print paper money for no reason, there should be a valid basis on why they are taking such action. But since we do not know the exact supply of paper money, hence we think it is subject for inflation. By understanding how it works, we can make the right decision for our investment and what we are doing now in the crypto world is just right.

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January 20, 2017, 06:57:26 AM
 #1075

 Yes I still do believe in fiat. In our daily  lives fiat belongs to our day by day transaction. The value of fiat money comes from the public general willingness to accept it in exchange for other goods.   We used bitcoin to pay our monthly bills. We used card for our weekly groceries and we used fiat for our monthly rental. I think the advantage of having a bitcoin and card is easy to transact via online.  While fiat easy to trade or buy goods without any hesitation.



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lOvE mE forEvEr
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January 20, 2017, 07:26:29 AM
 #1076

In fact, the higher the rate of inflation. when we continue to rely on fiat, of course, this is a mistake that we continue to maintain. Let us think rationally that bitcoin is one solution to overcome these problems.
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January 20, 2017, 07:35:11 AM
 #1077

In fact, the higher the rate of inflation. when we continue to rely on fiat, of course, this is a mistake that we continue to maintain. Let us think rationally that bitcoin is one solution to overcome these problems.
I agree. We have to leave fiat as soon as possible, fiat is not fair for us. We need something that the value is not decrease. Something that we can get it from mine. That is my opinion.


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January 20, 2017, 08:07:19 AM
 #1078

In fact, the higher the rate of inflation. when we continue to rely on fiat, of course, this is a mistake that we continue to maintain. Let us think rationally that bitcoin is one solution to overcome these problems.
I agree. We have to leave fiat as soon as possible, fiat is not fair for us. We need something that the value is not decrease. Something that we can get it from mine. That is my opinion.
fiat is created by the government and the people who have the authority to control the country. The more you use fiat, the more you rely and depend on a country. That's why I do not like FIAT and I do not want to be controlled by the government. Bitcoin give us a chance to become more independent and be anonymous while using it


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hurain
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January 20, 2017, 03:28:50 PM
 #1079

In fact, the higher the rate of inflation. when we continue to rely on fiat, of course, this is a mistake that we continue to maintain. Let us think rationally that bitcoin is one solution to overcome these problems.
i think still there is time to depend of bitcoin for everything. actually currently bitcoin cannot fulfill  our all needs, although it is really helpful in onlinne business, trading and shopping etc, but  in real life we cannot depend on it for everything. therefore we need to continue believing on fiat till the time when we will be able to  fulfill all our needs from bitcoin.
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January 20, 2017, 03:37:13 PM
 #1080

Crypto currencies is obvious future of fiat and paper money. Will it be just bitcoin or some crypto currencies in used of future is question now. But the replacement will happen not so soon, because of there is millions of people who have no computers and no internet and even not a smartphone.
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