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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
Skarner21
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January 28, 2017, 11:15:41 PM
 #1141

Fiat money is still inevitable in our everyday life. The thing is that Bitcoin will probably never achieve that level of acceptance that it could completely compete with fiat. And I don't think that the whole world would change the mindset just like that so for a long time the financial systems would be depending exclusively on fiat.

However, if it adopted or made centralize money by your government you have to go as it is right! I think bitcoin will be centralized money in near future and then automatically we should go for it.
Still fiat holds strongly in today's economy by means of everything that relies on it,fiat would still be widely use for those who are not still know yet the use of cryptocurrency.Even some places are still exchange their bitcoins to fiat in order to have money,and mostly establishments are accepting fiat instead of bitcoin.The widely use of fiat mostly simplifies that not everyone still have the knowledge to use the modern use of digital money.

Yes and we cannot expect people from poor countries who are uneducated would have even heard about bitcoins or will start using bitcoins in future they will continue with fiat as they get paid in fiat and even they are not eligible for credit or debit cards and in that case fiat is the only option left for them.

People coming from poor countries will rather prefer to avoid using Bitcoin as the fees are becoming too much of an obstacle for them. Including like $0.20-$0.30 as minimum fee is a costly amount for their standards. Especially when you consider that the amounts these people work with are only worth a few bucks in most cases. Pools will most likely ignore these transactions for quite some time where it will result in their precious money being stuck waiting for confirmations. It will only work against them instead of for them.
I think these days i experience of delayed and increasing the fee is th solution but if you are paying a small amount of the speed of the transaction will be depend in you transaction size so you should always choose 50k sat for better transaction speed or you can use accelerator that you can seen here https://www.viabtc.com/tools/txaccelerator/
That i think it can help you to speed up.. or including your transaction to the next block.

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January 28, 2017, 11:22:28 PM
Last edit: January 29, 2017, 12:00:36 AM by LeGaulois
 #1142

The removal of all physical money is the desired outcome. Bankers are working for years on the way to remove completely any liquidity, in order to better enslave people to the banks. Without the possibility to avoid the banking system liquidity. Norway was ready to delete the cash payments. With this in mind the Bank JP Morgan Chase, one of the biggest in the world, no longer allows to deposit cash in its vaults. For their safety, of course Roll Eyes
This is only the beginning of a strategy of war against cash. The goal is to prevent people to convert their money in physical money and force them to keep their capital in the financial system at any price.

If the goal is to prevent people to convert their money in physical money, then a currency like bitcoin makes sense, it is virtual. Not to say a cryptocurrency was disccussed by the NSA (or CIA) long years ago in 1996. Could it be bitcoin had been created by the Elite and Satoshi is just a cover ?  Grin

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January 28, 2017, 11:23:07 PM
 #1143

Before any change that occurs around the world, people always say this that it is not possible. How will people adapt to the changes ? It will be a failure? and things like that.
The fact is that World is changing towards digital and therefore there is a need for digital currency. Hence Bitcoin is there to fulfill this change and need.

Though the world is moving really fast towards digital systems and for sure every country will have to adopt the digital monetary system as well but we cannot be sure if that gap will be filled with bitcoin, because they can also create their own coins within their control so why would they adopt a coin that cannot be under their control?
yes no doubt about this that people are moving toward digital and online system and  adopting digital currency, but still their number is more in big cities while in backward area people even do not know about digital currency.
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January 29, 2017, 12:39:50 AM
 #1144

Fiat money is still inevitable in our everyday life. The thing is that Bitcoin will probably never achieve that level of acceptance that it could completely compete with fiat. And I don't think that the whole world would change the mindset just like that so for a long time the financial systems would be depending exclusively on fiat.

However, if it adopted or made centralize money by your government you have to go as it is right! I think bitcoin will be centralized money in near future and then automatically we should go for it.
Still fiat holds strongly in today's economy by means of everything that relies on it,fiat would still be widely use for those who are not still know yet the use of cryptocurrency.Even some places are still exchange their bitcoins to fiat in order to have money,and mostly establishments are accepting fiat instead of bitcoin.The widely use of fiat mostly simplifies that not everyone still have the knowledge to use the modern use of digital money.

Yes and we cannot expect people from poor countries who are uneducated would have even heard about bitcoins or will start using bitcoins in future they will continue with fiat as they get paid in fiat and even they are not eligible for credit or debit cards and in that case fiat is the only option left for them.

People coming from poor countries will rather prefer to avoid using Bitcoin as the fees are becoming too much of an obstacle for them. Including like $0.20-$0.30 as minimum fee is a costly amount for their standards. Especially when you consider that the amounts these people work with are only worth a few bucks in most cases. Pools will most likely ignore these transactions for quite some time where it will result in their precious money being stuck waiting for confirmations. It will only work against them instead of for them.
I think these days i experience of delayed and increasing the fee is th solution but if you are paying a small amount of the speed of the transaction will be depend in you transaction size so you should always choose 50k sat for better transaction speed or you can use accelerator that you can seen here https://www.viabtc.com/tools/txaccelerator/
That i think it can help you to speed up.. or including your transaction to the next block.

I was more referring to people in poor countries that don't have much interest in something that cost them so much just for using it. In case of what you're talking about, 0.0005 BTC in fees isn't really that much of a problem for me, but that's not how people coming from India will look at it. Don't forget that 0.0005 BTC equals $0.46 with the current price. It's too costly for these people to lose what for us is being seen as an insignificant amount, but for them a decent amount since it means that they can buy some food with it. Especially when you calculate the value of several transaction fees together.

That ViaBtc accelerator is quite a handy tool that helped me into getting my Bitmixer signature campaign payment confirmed. But it's not that when you make use of it that it will confirm your transaction within a few blocks. You still depend on them finding a block where you also have to take in mind that they are the third largest pool. The other 2 pools will have around 45-50% higher chances of finding a block. But on average, from every 6 blocks being found, at least 1 should be found by ViaBtc. But some times luck is also a factor.
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January 29, 2017, 01:05:02 AM
 #1145

Yes of course I always believe in fiat, because since I was a kid fiat its used all over the world like spending on goods, transportation and currency exchange. Bitcoin is my main reason why fiat is very important all the time because earning btc can be converted to a fiat money which is more popular currency, as well as digital currency which only circulated in the blockchain network.

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January 29, 2017, 01:29:24 AM
 #1146

Yes of course I always believe in fiat, because since I was a kid fiat its used all over the world like spending on goods, transportation and currency exchange. Bitcoin is my main reason why fiat is very important all the time because earning btc can be converted to a fiat money which is more popular currency, as well as digital currency which only circulated in the blockchain network.
Yeah , I am also satisfied with the fiat , I mean I am believing the fiat more than the bitcoin . Because I usually converted my bitcoin into fiat at every monthlast days, like all other bitcoiner, .
Becca I am believing bitcoin much than bitcoin . Here we are secured with fiat .
I don't mean that bitcoin is insecure , actually bitcoin is more powerful and trusted than fiat but problem are here the rules of government of countries which are varrying .
I am remain always in fear that what will happen if bitcoin got banned in my country like russian .

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January 29, 2017, 01:42:51 AM
 #1147

Yes of course I always believe in fiat, because since I was a kid fiat its used all over the world like spending on goods, transportation and currency exchange. Bitcoin is my main reason why fiat is very important all the time because earning btc can be converted to a fiat money which is more popular currency, as well as digital currency which only circulated in the blockchain network.

To be honest fiat is a basic necessity of each and every individual at this stage we are using bitcoins and love it as a innovative currency but the fact is bitcoin is dependent on fiat as if we have to spend our bitcoins then we need to convert them to fiat first and we cannot spend our bitcoins directly anywhere for buying anything and I think it will take a long time for bitcoin to get accepted everywhere and till that happens fiat will always remain on the top and the first choice of the people.




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January 29, 2017, 02:18:17 AM
 #1148

Yes of course I always believe in fiat, because since I was a kid fiat its used all over the world like spending on goods, transportation and currency exchange. Bitcoin is my main reason why fiat is very important all the time because earning btc can be converted to a fiat money which is more popular currency, as well as digital currency which only circulated in the blockchain network.

To be honest fiat is a basic necessity of each and every individual at this stage we are using bitcoins and love it as a innovative currency but the fact is bitcoin is dependent on fiat as if we have to spend our bitcoins then we need to convert them to fiat first and we cannot spend our bitcoins directly anywhere for buying anything and I think it will take a long time for bitcoin to get accepted everywhere and till that happens fiat will always remain on the top and the first choice of the people.
That's it, if we believe in bitcoin then we should believe in fiat. Bitcoin is not usable without the help of fiat money, we all live by looking for fiat to have something to spend for our daily survival. Bitcoin might be very successful and we all believe on that of course, that is why we consider it as investment as well. But, never think it's more power than fiat and you will loss your belief because you are too confident about bitcoin.

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January 29, 2017, 02:32:59 AM
 #1149

Yes of course I always believe in fiat, because since I was a kid fiat its used all over the world like spending on goods, transportation and currency exchange. Bitcoin is my main reason why fiat is very important all the time because earning btc can be converted to a fiat money which is more popular currency, as well as digital currency which only circulated in the blockchain network.

To be honest fiat is a basic necessity of each and every individual at this stage we are using bitcoins and love it as a innovative currency but the fact is bitcoin is dependent on fiat as if we have to spend our bitcoins then we need to convert them to fiat first and we cannot spend our bitcoins directly anywhere for buying anything and I think it will take a long time for bitcoin to get accepted everywhere and till that happens fiat will always remain on the top and the first choice of the people.
That's it, if we believe in bitcoin then we should believe in fiat. Bitcoin is not usable without the help of fiat money, we all live by looking for fiat to have something to spend for our daily survival. Bitcoin might be very successful and we all believe on that of course, that is why we consider it as investment as well. But, never think it's more power than fiat and you will loss your belief because you are too confident about bitcoin.
Yeah to be honest Bitcoin really needs Fiat because without it Bitcoin won't exist in our lives. We still need to convert Bitcoin to Fiat to make our earnings more useful into our world. It still proves that Bitcoin needs Fiat to survive in the world because without it, it will become useless as there is no basis for what Bitcoin is worth.

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January 29, 2017, 04:09:24 AM
 #1150

Yes of course I always believe in fiat, because since I was a kid fiat its used all over the world like spending on goods, transportation and currency exchange. Bitcoin is my main reason why fiat is very important all the time because earning btc can be converted to a fiat money which is more popular currency, as well as digital currency which only circulated in the blockchain network.

To be honest fiat is a basic necessity of each and every individual at this stage we are using bitcoins and love it as a innovative currency but the fact is bitcoin is dependent on fiat as if we have to spend our bitcoins then we need to convert them to fiat first and we cannot spend our bitcoins directly anywhere for buying anything and I think it will take a long time for bitcoin to get accepted everywhere and till that happens fiat will always remain on the top and the first choice of the people.
That's it, if we believe in bitcoin then we should believe in fiat. Bitcoin is not usable without the help of fiat money, we all live by looking for fiat to have something to spend for our daily survival. Bitcoin might be very successful and we all believe on that of course, that is why we consider it as investment as well. But, never think it's more power than fiat and you will loss your belief because you are too confident about bitcoin.
Yeah to be honest Bitcoin really needs Fiat because without it Bitcoin won't exist in our lives. We still need to convert Bitcoin to Fiat to make our earnings more useful into our world. It still proves that Bitcoin needs Fiat to survive in the world because without it, it will become useless as there is no basis for what Bitcoin is worth.

You got that right dude. There are very limited things you can purchase with just bitcoin by itself. The fact that it would have to be converted tells us that in the end, our transactions would still end up in fiat currency. I think btc would be a lot of help for people who owns it but most likely it would remain a digital currency in support of fiat

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February 03, 2017, 06:42:42 PM
 #1151

Yeah I do believed in fiat, I cannot say that fiat is not good, no its not!, it might just the others gave it a wrong interpretation, but it is very helpful to the people around the world ehen it comes to converting the money in each country. This is also can be said as established one too.

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February 03, 2017, 11:46:00 PM
 #1152

Yes of course I always believe in fiat, because since I was a kid fiat its used all over the world like spending on goods, transportation and currency exchange. Bitcoin is my main reason why fiat is very important all the time because earning btc can be converted to a fiat money which is more popular currency, as well as digital currency which only circulated in the blockchain network.

To be honest fiat is a basic necessity of each and every individual at this stage we are using bitcoins and love it as a innovative currency but the fact is bitcoin is dependent on fiat as if we have to spend our bitcoins then we need to convert them to fiat first and we cannot spend our bitcoins directly anywhere for buying anything and I think it will take a long time for bitcoin to get accepted everywhere and till that happens fiat will always remain on the top and the first choice of the people.
That's it, if we believe in bitcoin then we should believe in fiat. Bitcoin is not usable without the help of fiat money, we all live by looking for fiat to have something to spend for our daily survival. Bitcoin might be very successful and we all believe on that of course, that is why we consider it as investment as well. But, never think it's more power than fiat and you will loss your belief because you are too confident about bitcoin.
Yeah to be honest Bitcoin really needs Fiat because without it Bitcoin won't exist in our lives. We still need to convert Bitcoin to Fiat to make our earnings more useful into our world. It still proves that Bitcoin needs Fiat to survive in the world because without it, it will become useless as there is no basis for what Bitcoin is worth.

You got that right dude. There are very limited things you can purchase with just bitcoin by itself. The fact that it would have to be converted tells us that in the end, our transactions would still end up in fiat currency. I think btc would be a lot of help for people who owns it but most likely it would remain a digital currency in support of fiat
Yes, fiat money would not be end because no matter how ee get in modernized, even though we used digital currency, bank to bank transaction, fiat money gives them value. We can't rely on the digital money, yet is helps us to make transaction easier. What we need is a physical money which is efrfective in about hundreds of years ago. No ma

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February 04, 2017, 12:51:03 AM
 #1153

Yes of course I always believe in fiat, because since I was a kid fiat its used all over the world like spending on goods, transportation and currency exchange. Bitcoin is my main reason why fiat is very important all the time because earning btc can be converted to a fiat money which is more popular currency, as well as digital currency which only circulated in the blockchain network.
Fiat is money or our generation and of many previous ones. But I am sure crypto-currencies are money of the next generation. Bitcoin and some other crypto is going to be more useful in future and will become daily thing for some people. But as well I understand that crypto currencies can't reach the every corner of this planet and get used to by everyone so soon.
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February 04, 2017, 01:21:14 AM
 #1154

Yes of course I always believe in fiat, because since I was a kid fiat its used all over the world like spending on goods, transportation and currency exchange. Bitcoin is my main reason why fiat is very important all the time because earning btc can be converted to a fiat money which is more popular currency, as well as digital currency which only circulated in the blockchain network.
Fiat is money or our generation and of many previous ones. But I am sure crypto-currencies are money of the next generation. Bitcoin and some other crypto is going to be more useful in future and will become daily thing for some people. But as well I understand that crypto currencies can't reach the every corner of this planet and get used to by everyone so soon.
That's not gonna happen, there is nothing who can replace fiat, it's very strong and we trust fiat than bitcoin. The future looks good for bitcoin as we are supporting it and we see how people have accepted it and adopted with it, but we cannot think it will be bigger than fiat and it's going to be the mainstream currency, the way I see it, it will just be an alternative currency for online and cannot be adopted by the majority of world's population.

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February 04, 2017, 07:33:44 PM
 #1155

Fiat is something that allows the government to monitor citizens. And the government has already done so that no one person can not live without fiat. Yes, we are looking for an alternative, and therefore use cryptocurrency. But to completely abandon fiat, we still can not. I do not believe in the Fiat, but I am forced to use
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February 05, 2017, 06:50:49 AM
 #1156

Basically, all my income paid in Fiat and in real life everywhere accept only real currency. About bitcoin does not even have to say is because of cryptocurrency yet no one heard.
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February 05, 2017, 07:01:17 AM
 #1157

Fiat is something that allows the government to monitor citizens. And the government has already done so that no one person can not live without fiat. Yes, we are looking for an alternative, and therefore use cryptocurrency. But to completely abandon fiat, we still can not. I do not believe in the Fiat, but I am forced to use
Well, of course fiat would be needed for people who are in a country. you're right, fiat is a legal transaction tool that is authorized by the government, so, to this day, I still believe, and using fiat. in fact, I redeem bitcoin I have with fiat.

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February 05, 2017, 07:23:11 AM
 #1158

Fiat is something that allows the government to monitor citizens. And the government has already done so that no one person can not live without fiat. Yes, we are looking for an alternative, and therefore use cryptocurrency. But to completely abandon fiat, we still can not. I do not believe in the Fiat, but I am forced to use
Well, of course fiat would be needed for people who are in a country. you're right, fiat is a legal transaction tool that is authorized by the government, so, to this day, I still believe, and using fiat. in fact, I redeem bitcoin I have with fiat.
The world, or 99% of humanity enjoys the Fiat, and I am sure that they would know about the real threat of falling all currencies, and that instead they will cryptocurrency, the panic has risen to very strong. We often nagovarivaya questions wishful thinking.
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February 05, 2017, 07:52:18 AM
 #1159

If the time comes and we will be paid in bitcoin, then how you can protect your rights if the employer makes an understatement of wages, or even what that imposes restrictions violating the labor code. What to do then? If bitcoin owner is anonymous and the government will not control the entire process.
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February 05, 2017, 08:24:45 AM
 #1160

Fiat is something that allows the government to monitor citizens. And the government has already done so that no one person can not live without fiat. Yes, we are looking for an alternative, and therefore use cryptocurrency. But to completely abandon fiat, we still can not. I do not believe in the Fiat, but I am forced to use
With the help of Fiat is not only monitored the citizens, but also have the ability to levy taxes due to which there is the state itself. How, then, to be with government agencies and other features of the state staged.
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