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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
john2231
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January 22, 2017, 10:28:52 PM
 #1101

It depends on witch country you live, i'm sure that users from countries where you see big devaluation of your currency like Venezuela, don't believe on its fiat money as an store of value, but they use on daily business. In this case people could invest on bitcoin its savings (now some of them invest on stronger currencies like dollars).
I think there is no country are not believing in their country how they are living in their place if they are not believing  in their fiat..
Bitcoin is just use for alternative purposes payment method just like new VCC online virtual cards that you can use the as bitcoin.. but the different we are getting the benefits of the price increase..

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January 22, 2017, 10:56:53 PM
 #1102

I think that the vote of no confidence to the Fiat is too early to say since more than half the world's population uses this particular currency. Even if the crisis will grow, no one dares to let the money fall completely.
Lol yeah especially when everyone in the world uses fiat no exception bitcoin users themselves, so why we do not believe in fiat? while we depend and get the ease transaction of using fiat

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January 23, 2017, 03:54:06 AM
 #1103

I think that the vote of no confidence to the Fiat is too early to say since more than half the world's population uses this particular currency. Even if the crisis will grow, no one dares to let the money fall completely.
Lol yeah especially when everyone in the world uses fiat no exception bitcoin users themselves, so why we do not believe in fiat? while we depend and get the ease transaction of using fiat
Fiat is the main money we are using and everything depends on fiat including bitcoin, so that reality itself would convince us already on believing fiat. The thing is, we are very optimistic with the future success of bitcoin but we do not consider how fiat contributed to make this things possible. Just remember this thing, bitcoin will not be worthy without fiat.

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January 23, 2017, 11:45:13 AM
 #1104

I don't believe in anything a government says or does. It's mostly a scam.

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January 23, 2017, 01:06:21 PM
 #1105

It depends on witch country you live, i'm sure that users from countries where you see big devaluation of your currency like Venezuela, don't believe on its fiat money as an store of value, but they use on daily business. In this case people could invest on bitcoin its savings (now some of them invest on stronger currencies like dollars).
No matter you live you should not believe fiat. Using it is adverse us, all fiat will be replaced by another currency wich more apropriate for us. It could be gold or bitcoin.
Fiat is the main money and fiat could not be replaced by any currency. you should still believe in fiat because you will rely and use the fiat to make transactions in your country.
even in my opinion bitcoin higher risk with fluctuating prices, also use bitcoin is still limited.
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January 23, 2017, 01:29:38 PM
 #1106

It depends on witch country you live, i'm sure that users from countries where you see big devaluation of your currency like Venezuela, don't believe on its fiat money as an store of value, but they use on daily business. In this case people could invest on bitcoin its savings (now some of them invest on stronger currencies like dollars).
No matter you live you should not believe fiat. Using it is adverse us, all fiat will be replaced by another currency wich more apropriate for us. It could be gold or bitcoin.
Fiat is the main money and fiat could not be replaced by any currency. you should still believe in fiat because you will rely and use the fiat to make transactions in your country.
even in my opinion bitcoin higher risk with fluctuating prices, also use bitcoin is still limited.
You are right that fiat is the main currency and it will not be replaced but it is sure that the use of fiat will be replaced sooner. Just like nowadays more people use online banking and banking cards they will sooner start to use bitcoin when they know about the convenience of the usage of bitcoin.

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January 23, 2017, 03:10:05 PM
 #1107

You are right that fiat is the main currency and it will not be replaced but it is sure that the use of fiat will be replaced sooner. Just like nowadays more people use online banking and banking cards they will sooner start to use bitcoin when they know about the convenience of the usage of bitcoin.

It will only be a matter of time until all of those come true, the use of fiat money will be greatly reduced in the future however this is not gonna be possible for some country as access to this is actually quite limited and people actually needs to be much more educated to be able to use other form of payment instead of just fiat
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January 23, 2017, 03:23:31 PM
Last edit: January 24, 2017, 11:17:14 PM by Fireblade
 #1108

It depends on witch country you live, i'm sure that users from countries where you see big devaluation of your currency like Venezuela, don't believe on its fiat money as an store of value, but they use on daily business. In this case people could invest on bitcoin its savings (now some of them invest on stronger currencies like dollars).
No matter you live you should not believe fiat. Using it is adverse us, all fiat will be replaced by another currency wich more apropriate for us. It could be gold or bitcoin.
Fiat is the main money and fiat could not be replaced by any currency. you should still believe in fiat because you will rely and use the fiat to make transactions in your country.
even in my opinion bitcoin higher risk with fluctuating prices, also use bitcoin is still limited.
You are right that fiat is the main currency and it will not be replaced but it is sure that the use of fiat will be replaced sooner. Just like nowadays more people use online banking and banking cards they will sooner start to use bitcoin when they know about the convenience of the usage of bitcoin.
i think it is not possible to replace fiat in near future. most of the people even those people who know about bitcoin are mostly depend on fiat for every thing, they are using bitcoin as option, because we cannot use bitcoin for buying every thing. i think it will still take a lot of time to use bitcoin for buying everything.
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January 23, 2017, 03:39:55 PM
 #1109

Im still believing in fiat since i always converted my bitcoin into it theres no debit bitcoin card yet available here in my country but once it has maybe i will use it, fiat is one i trust my bitcoin where i can use it to use in my daily expenses. Not only expenses but other needs like paying bills and other payable taxes.



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BitFinnese
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January 23, 2017, 05:34:22 PM
 #1110

Im still believing in fiat since i always converted my bitcoin into it theres no debit bitcoin card yet available here in my country but once it has maybe i will use it, fiat is one i trust my bitcoin where i can use it to use in my daily expenses. Not only expenses but other needs like paying bills and other payable taxes.

Same here, i still believe in fiat because of the usage of it and merchants that accept it anywhere  I wanted to buy something.  Aside from that it is backed by the government, regulated by the government and is used as means of payment for all stuff, service, goods etc.
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January 24, 2017, 04:06:31 AM
 #1111

Im still believing in fiat since i always converted my bitcoin into it theres no debit bitcoin card yet available here in my country but once it has maybe i will use it, fiat is one i trust my bitcoin where i can use it to use in my daily expenses. Not only expenses but other needs like paying bills and other payable taxes.
Sorry, I disagree with you. I think you already knew that the price of fiat was fell against bitcoin, the inflation of fiat will make it to be worthless. Although we still need to convert bitcoin into fiat for daily expenses, but when bitcoin get mass adoption. So many merchants will accept bitcoin. Thats why I don't believe in fiat.


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January 24, 2017, 06:56:02 AM
 #1112

Im still believing in fiat since i always converted my bitcoin into it theres no debit bitcoin card yet available here in my country but once it has maybe i will use it, fiat is one i trust my bitcoin where i can use it to use in my daily expenses. Not only expenses but other needs like paying bills and other payable taxes.

Supposed that you already have a debit card? would you go full time with bitcoin? I think not. We still have no choice but to use fiat to survive. There is no other way that we can use our bitcoin other than converting it to fiat to survive, Or else thru out this years we will be eating digital goods ( just kidding ) or order other foods from the other countries and wait til it arrived to us (rotten maybe )  Smiley

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January 24, 2017, 07:22:42 AM
 #1113

Im still believing in fiat since i always converted my bitcoin into it theres no debit bitcoin card yet available here in my country but once it has maybe i will use it, fiat is one i trust my bitcoin where i can use it to use in my daily expenses. Not only expenses but other needs like paying bills and other payable taxes.
Not only you but i think most of the people who are using bitcoin must believe on fiat, because we have still not changed our life style, we cannot use bitcoin for fulfilling all our needs with bitcoin. although bitcoin is more convenient for online buying and selling and in some area there are some shops who are providing opportunities to use bitcoin for shopping but still we cannot purchase most of the thing by using bitcoin, i think it will take some more time.
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January 24, 2017, 09:40:40 PM
 #1114

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.

You're right so there's no reason not to believe in fiat because we currently interchangeably use them with the cryptocurrencies and we need them both to balance out ways of life. It's still early days for cryptocurrencies to completely substitute fiat.

I think that crypto is an investment option and a way to make payments, but for a small minority of people.
For most people it will always bee to complicated or not safe enough.
Those people want a certain amount of scurity, and that is something a currency which is completely under the rules of the market can not provide.
Give it some time, at the moment you are right saying that only a small majority of people are using it but the rest will catch on to cryptocurrencies.
It can be complicated but that killer app we are all waiting on will most likely take all the hard stuff away for those that just want to use it without the hassles.

I think some countries will even start to release their own cryptocurrencies as they progress into a cashless society, it has already been tried by one i know of and that was Iceland with Auroracoin: https://en.wikipedia.org/wiki/Auroracoin
https://medium.com/the-nordic-web/the-failed-crypto-currency-experiment-in-iceland-251e28df2c54


What's the point in all of these issues of its currency is not clear. I do not think that will benefit from it all. Moreover, it seems to me that the government does not like the anonymity of users. There are probably two sides of the same coin.
I don’t care what the government wants out of me, as long as what I’m doing is legal then they don’t have nothing to complain about, bitcoin offers the possibility of anonymity and if the government does not like that is their problem because I do like it and want it.



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January 25, 2017, 06:38:21 AM
 #1115

Unfortunately, we have no choice but to obey the law the government set, whether we like it or not we have to follow and comply with it. Bitcoin is anonymous and the government does not condone anonymous transaction as it could be shady in their eyes. That is the reason why AMLA was created, that is to ensure that transactions are legitimate and illegal transactions shall not be tolerated.

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January 25, 2017, 07:11:51 AM
 #1116

Unfortunately, we have no choice but to obey the law the government set, whether we like it or not we have to follow and comply with it. Bitcoin is anonymous and the government does not condone anonymous transaction as it could be shady in their eyes. That is the reason why AMLA was created, that is to ensure that transactions are legitimate and illegal transactions shall not be tolerated.

No doubt about that... If we only have a choice, surely our faith in fiat will be gone... Even if we say that we want to use bitcoin everyday, as long as there is no place in our locality where we can use it as it is, it won't work... Probably the more shady, suspicious transactions, and flaws unsolved, the farther we are in becoming mainstream and that only benefits the fiat/government each time we earn bitcoin and convert it to local currency...  Smiley

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January 25, 2017, 07:49:36 AM
 #1117

Unfortunately, we have no choice but to obey the law the government set, whether we like it or not we have to follow and comply with it. Bitcoin is anonymous and the government does not condone anonymous transaction as it could be shady in their eyes. That is the reason why AMLA was created, that is to ensure that transactions are legitimate and illegal transactions shall not be tolerated.

No doubt about that... If we only have a choice, surely our faith in fiat will be gone... Even if we say that we want to use bitcoin everyday, as long as there is no place in our locality where we can use it as it is, it won't work... Probably the more shady, suspicious transactions, and flaws unsolved, the farther we are in becoming mainstream and that only benefits the fiat/government each time we earn bitcoin and convert it to local currency...  Smiley

yes you are right, the government will never support cryptocurrency. It is contrary to the principles of openness. We have to believe in fiat currency.
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January 25, 2017, 07:58:07 AM
 #1118

You are right that fiat is the main currency and it will not be replaced but it is sure that the use of fiat will be replaced sooner. Just like nowadays more people use online banking and banking cards they will sooner start to use bitcoin when they know about the convenience of the usage of bitcoin.

It will only be a matter of time until all of those come true, the use of fiat money will be greatly reduced in the future however this is not gonna be possible for some country as access to this is actually quite limited and people actually needs to be much more educated to be able to use other form of payment instead of just fiat
so still it require a lot of time when the majority of people will start using bitcoin and the use of fiat will reduce, i also agree that it is not such an easy that fiat will be dead at all and no one will ever use it, but in fact its use can be reduce if more and more people adopted bitcoin and they can easily use it for buying and selling everything in their local market.

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January 25, 2017, 08:48:47 AM
 #1119

Even bitcoin is getting more and more popular, fiat doesn't reduce. If BTC would still exist in the future, I know fiat money too. They are both working together to provide us a better economy, depending on each other. How can we make real money if fiat will lost?

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January 25, 2017, 10:12:11 AM
 #1120

You are right that fiat is the main currency and it will not be replaced but it is sure that the use of fiat will be replaced sooner. Just like nowadays more people use online banking and banking cards they will sooner start to use bitcoin when they know about the convenience of the usage of bitcoin.

It will only be a matter of time until all of those come true, the use of fiat money will be greatly reduced in the future however this is not gonna be possible for some country as access to this is actually quite limited and people actually needs to be much more educated to be able to use other form of payment instead of just fiat
so still it require a lot of time when the majority of people will start using bitcoin and the use of fiat will reduce, i also agree that it is not such an easy that fiat will be dead at all and no one will ever use it, but in fact its use can be reduce if more and more people adopted bitcoin and they can easily use it for buying and selling everything in their local market.
People was too confident about bitcoin technology and its feature as currency
Nowadays bitcoin become popular not because a good currency
But a lot of people love to treat bitcoin as a way to grow their money through storing value there
Quite unfortunate about that , and we are here wishing bitcoin replace fiat? No , better to believe in both .

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