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Author Topic: Do you Still believe in Fiat?  (Read 74892 times)
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February 12, 2017, 03:33:09 PM
 #1181

Do I believe in fiat? This is a very interesting question. And in that I still believe, if I get a salary in the Fiat, if utilities payments also pay in that currency, the choice I do not have so Fiat for me the most important thing.
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February 12, 2017, 03:35:53 PM
Last edit: February 13, 2017, 09:02:30 PM by Superzpay
 #1182

Do I believe in fiat? This is a very interesting question. And in that I still believe, if I get a salary in the Fiat, if utilities payments also pay in that currency, the choice I do not have so Fiat for me the most important thing.
yes the uses of fiat is now normal and there is no any problem or crash in fiat so people do not worry for to use fiat and they have a full believe on fiat and are feeling secured with the use of fiat because they know that it is regulated by the government. They know well that no one can harm a thing which is regulated and guaranteed by the government.

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February 12, 2017, 03:43:22 PM
 #1183

Yeah, I still believe in fiat. How much ever bitcoins become popular, fiat currencies will exist. Bitcoin cannot overtake fiat currencies .Its because none of the governments will allow that. Yeah offcourse even if governments allow bitcoin transactions, they will definitely find a way to regulate it by asking individuals who want to use bitcoins to take expensive license or some sort of thing that average or middle class people cannot afford it. Because governments wont allow people to do transactions anonymously because governments know what will happen if it reaches in false hand, it will be even threat to the whole nation.

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February 12, 2017, 03:51:35 PM
 #1184

No, because it's value can be manipulated and lose value through inflation (stealth tax).
Yes, because the government has a monopoly on legal tender and I'm unlikely to be paid in bitcoin anytime soon.

I think btc is good as a store of wealth and a hedge against fiat. I don't think it will ever take off as an actually currency whilst there is a need to switch between fiat / btc in order to purchase lifes essentials (food / shelter, etc).
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February 12, 2017, 03:53:04 PM
 #1185

Yeah, I still believe in fiat. How much ever bitcoins become popular, fiat currencies will exist. Bitcoin cannot overtake fiat currencies .Its because none of the governments will allow that. Yeah offcourse even if governments allow bitcoin transactions, they will definitely find a way to regulate it by asking individuals who want to use bitcoins to take expensive license or some sort of thing that average or middle class people cannot afford it. Because governments wont allow people to do transactions anonymously because governments know what will happen if it reaches in false hand, it will be even threat to the whole nation.
I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.

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February 12, 2017, 04:20:46 PM
 #1186

FIAT is completely out of control. They printed so many $$$ over the years not to get destroyed completely but it was just enough to delay the inevitable.

Today's 100$ has the buying power of 35$ from 1980's. You can see it yourself here: https://www.measuringworth.com

In a few 10 years or sooner, 100$ notes will carry no or so little value. Because they can't stop printing this shit. That's why they are desperately searching for ways to ban cash transactions and they won't print 200$ Notes because It will make them look like a shitty 3rd world country. Another option is to bring e-dollars out. That won't work neither. It would've worked if USD were being used only in the USA but it is not. USD's are distributed all around the world. Most of the Gov's hold USD's along with Gold. What you gonna tell them? "Convert your Physical USD to e-dollars, or they will lose %x value every year?" No. Won't happen.

The solution for us is simple. Do not invest in papers if you are thinking long term. Always invest in assets which have limited supplies. Those may be Gold (you can't go wrong with this one), Bitcoins (depends on how much faith you have in the blockchain), Lands (Can be occupied, seized. Wars can always happen. Overall shitty and risky. And not liquid.), Real estate (Not much different from land investments, but works for some lucky people) I wouldn't wanna get caught in the tornado with the investments of real estate, lands or papers... I would like to be as liquid as possible and would wanna so little weight. So our options are narrowed to 2. Gold and Bitcoin.

Are there any solutions for the Govs? Fuck no, there isn't any. Their currencies will just collapse. Or they can do what the others do and print even more FIAT and come up with larger banknote numbers.




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February 12, 2017, 04:48:03 PM
 #1187

...
I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.

But with bitcoin popularity increase day by day , it means that bitcoin getting notice more and more and it's impact on fiat existency
I think it's not impossible for bitcoin to replace fiat on the future, only matter of time
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February 12, 2017, 04:55:05 PM
 #1188

...
I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.

But with bitcoin popularity increase day by day , it means that bitcoin getting notice more and more and it's impact on fiat existency
I think it's not impossible for bitcoin to replace fiat on the future, only matter of time

Maybe you are right. Japan for instance is ready to accept Bitcoin as a legal payment method. I hope that other countries will do the same. There is a big chance that Bitcoin will replace Fiat
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February 12, 2017, 05:43:10 PM
 #1189

...
I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.

But with bitcoin popularity increase day by day , it means that bitcoin getting notice more and more and it's impact on fiat existency
I think it's not impossible for bitcoin to replace fiat on the future, only matter of time

Maybe you are right. Japan for instance is ready to accept Bitcoin as a legal payment method. I hope that other countries will do the same. There is a big chance that Bitcoin will replace Fiat
A little information other I've heard. Turns Japan passed a law on the regulation of kriptovalyutnyh exchanges. This means that they try to make a transaction controlled and not take bitcoin as a basis.
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February 12, 2017, 07:31:20 PM
 #1190

Over the last half a year I worked at a company, and I was paid the agreed amount in dollars and during this period no inflation has not prevented me to earn as much as was the arrangement. But with bitcoin is another matter. Earning on the bitcoin network at a cost of $ 1k, today the price dropped significantly, and almost my income has decreased. So judge for yourself which is more reliable.
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February 12, 2017, 08:56:36 PM
 #1191

...
I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.

But with bitcoin popularity increase day by day , it means that bitcoin getting notice more and more and it's impact on fiat existency
I think it's not impossible for bitcoin to replace fiat on the future, only matter of time
The situation described is correct and I agree with you, that's just a little popravochka, in an area that has a great future bitcoin only in the region, which he now leads. Bitcoin can not cross the road fiat, otherwise it will be a threat, and therefore the beginning of the end for cryptocurrency for him.

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February 20, 2017, 06:31:08 PM
 #1192

...
I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.

But with bitcoin popularity increase day by day , it means that bitcoin getting notice more and more and it's impact on fiat existency
I think it's not impossible for bitcoin to replace fiat on the future, only matter of time
The situation described is correct and I agree with you, that's just a little popravochka, in an area that has a great future bitcoin only in the region, which he now leads. Bitcoin can not cross the road fiat, otherwise it will be a threat, and therefore the beginning of the end for cryptocurrency for him.
I understand that all the guarantees bitcoin bank will comply, but I understand that this will present a financial institution and the registration and state register of businesses. This means paying taxes. Bitcoin users or are ready for this?
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February 20, 2017, 06:57:46 PM
 #1193

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I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.

But with bitcoin popularity increase day by day , it means that bitcoin getting notice more and more and it's impact on fiat existency
I think it's not impossible for bitcoin to replace fiat on the future, only matter of time

Maybe you are right. Japan for instance is ready to accept Bitcoin as a legal payment method. I hope that other countries will do the same. There is a big chance that Bitcoin will replace Fiat
Japanese currency is not as valuable, as opposed to the dollar, but I very much doubt that the Japanese will make it change its national money. After all, their economy is quite significant.
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February 20, 2017, 07:22:57 PM
 #1194

my main source of income - a monthly salary. I pay it in the national fiat currency. Therefore, I believe in fiat currency. But in cryptocurrency I also believe in the good object of investment
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February 20, 2017, 07:43:52 PM
 #1195

my main source of income - a monthly salary. I pay it in the national fiat currency. Therefore, I believe in fiat currency. But in cryptocurrency I also believe in the good object of investment
I have the same situation. I consider bitcoin only as a means of earning it. Although I know that the prospects are good. But Fiat will always exist uniquely.
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February 20, 2017, 08:23:33 PM
 #1196

...
I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.

But with bitcoin popularity increase day by day , it means that bitcoin getting notice more and more and it's impact on fiat existency
I think it's not impossible for bitcoin to replace fiat on the future, only matter of time
I'm not sure. Fiat will exist both in physical and digital format, and bitcoin will stand by and spinning only in its plane. Today, bitcoin and Fiat are not competitors, because each in its own sphere.
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February 20, 2017, 08:30:55 PM
 #1197

my main source of income - a monthly salary. I pay it in the national fiat currency. Therefore, I believe in fiat currency. But in cryptocurrency I also believe in the good object of investment
I have the same situation. I consider bitcoin only as a means of earning it. Although I know that the prospects are good. But Fiat will always exist uniquely.
You are right its not going to happen for some long time because most of world still unaware about this bitcoin fiat will always exist uniquely because its coming for very long time
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February 20, 2017, 08:44:09 PM
 #1198

my main source of income - a monthly salary. I pay it in the national fiat currency. Therefore, I believe in fiat currency. But in cryptocurrency I also believe in the good object of investment
I have the same situation. I consider bitcoin only as a means of earning it. Although I know that the prospects are good. But Fiat will always exist uniquely.
You are right its not going to happen for some long time because most of world still unaware about this bitcoin fiat will always exist uniquely because its coming for very long time
My parents even survive until the time when all will use bitcoin, they can not do that. So I'm sure that many people will not be able to use bitcoin because of lack of knowledge. Fiat is easy to handle and its unique knowledge that is necessary for the use of Fiat, it numeracy.
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February 21, 2017, 12:55:08 AM
 #1199

my main source of income - a monthly salary. I pay it in the national fiat currency. Therefore, I believe in fiat currency. But in cryptocurrency I also believe in the good object of investment

We really need to believe to fiat because if we are not going to believe on it. There's no way to live on this world or else we need to live in the mountains and hunt some animals for food. But it will always be a good decision if we are going to believe on both, because they are giving us good way to spend for our living and buy things that we need and want.

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February 21, 2017, 03:28:23 AM
 #1200

my main source of income - a monthly salary. I pay it in the national fiat currency. Therefore, I believe in fiat currency. But in cryptocurrency I also believe in the good object of investment

We really need to believe to fiat because if we are not going to believe on it. There's no way to live on this world or else we need to live in the mountains and hunt some animals for food. But it will always be a good decision if we are going to believe on both, because they are giving us good way to spend for our living and buy things that we need and want.
No one can fool ourselves, why would we come to the point that we doubt fiat when we are using it in our daily lives. Fiat is the most powerful form of money in this world and whether we like it or not, it will continue to exist as long as the government is directing this world. If we think bitcoin will be bigger in the future and will replace fiat, forget about that, not even my dreams will it happen.

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