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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
carlerha
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February 27, 2017, 04:59:31 PM
 #1261

Fiat is the one that has given the best financial service for all our needs. If fiat is not there the system will collapse entirely, so fiat will rule the world even when bitcoin and other currencies increase in acceptance.
you are right that at the moment fiat is the best financial system though in the future all the things might easily change, I think that bitcoin will be a national currency in the future.

Bitcoin is already a global currency, but bitcoin cannot take the place of fiat currency. Fiat currency is ever green currency where we are using it from decades, fiat currency is the majors aspects in human being daily life. Through we have many option where we can use it for all needs we have.
currently it is not taking the place of fiat but i think in future when the people will fully implement bitcoin then it can be possible to replace bitcoin instead of fiat but still it will take a lot of time and it is not so easy.
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February 27, 2017, 05:16:01 PM
 #1262

There is point of contradict,both fiat and btc have value and bitcoin inturn is dependent on fiat to make its value in general.maybe the problem lies in physical way.digital payment has become a fast and flexible in past few years thats why most of bitcoin holders prefer bitcoin over fiat.

Absolutely, The problem is with the system and the time required for the process of transfer from one point to another. Fiat has the ability to process quicker transactions but since it is dependent on more than one parties like banks, beneficiary etc. It creates delays in the actual moment of the funds from one point to another. On the other hand, since cryptocurrencies like bitcoin depends on the sender and the receiver and that makes it way faster than that of fiat.

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February 27, 2017, 07:21:43 PM
 #1263

The question of course interesting, but the fact that I still keep their savings in Fiat, and so I will not at all right if I say that I do not believe Fiat. I trust and almost always use the national currency, without any exceptions.
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February 28, 2017, 02:25:31 AM
 #1264

The question of course interesting, but the fact that I still keep their savings in Fiat, and so I will not at all right if I say that I do not believe Fiat. I trust and almost always use the national currency, without any exceptions.
it means you do not mind the decline in the value of fiat every year, usd experienced an inflation rate of 1.6% -1.7% per year. if this continues it will make fiat become worthless and bitcoin prices higher. I do not believe in fiat and I'm sure we're not going to use the fiat in the future.


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February 28, 2017, 04:00:27 AM
 #1265

The question of course interesting, but the fact that I still keep their savings in Fiat, and so I will not at all right if I say that I do not believe Fiat. I trust and almost always use the national currency, without any exceptions.
it means you do not mind the decline in the value of fiat every year, usd experienced an inflation rate of 1.6% -1.7% per year. if this continues it will make fiat become worthless and bitcoin prices higher. I do not believe in fiat and I'm sure we're not going to use the fiat in the future.
By comparing the future of bitcoin and fiat is not likely relevant, the fact that fiat is a legal currency which regulated and created by the government, it is more dominant than fiat. The value may decline but that can be solved if we can income our income on whatever venture we are doing.
Bitcoin's value and fiat is totally different, but since we have our own prediction in the future, let's do what is right based on our understanding.

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February 28, 2017, 06:28:03 AM
 #1266

It is not all about believing in fiat.Why should i disbelieve if i am using it for my daily needs.I could not get to a shopping mall with bitcoins in my wallet and get the local goods ,you need the local currency for that and if not for the fiat i would not be able to purchase anything.
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February 28, 2017, 06:41:48 AM
 #1267

It is not all about believing in fiat.Why should i disbelieve if i am using it for my daily needs.I could not get to a shopping mall with bitcoins in my wallet and get the local goods ,you need the local currency for that and if not for the fiat i would not be able to purchase anything.
That's correct, some people does not fully understand how valuable fiat in our life. The value of bitcoin now and in the future would not change the value of fiat into our life, we are living a world where the government controls us, thus, we will have to follow what the law in our respective country. AFAIK, all countries are using fiat and this fiat users does not necessarily used bitcoin to go on with their lives.
What bitcoin has achieve is not for all the people, it's only for those who can understand and has the interest to use it for their benefits.

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February 28, 2017, 06:46:27 AM
 #1268

The question of course interesting, but the fact that I still keep their savings in Fiat, and so I will not at all right if I say that I do not believe Fiat. I trust and almost always use the national currency, without any exceptions.
Savings are better saved in fiat to avoid any unnecessary attention from the monetary authorities on how you made your money. Fiat is still part and parcel of our livelihood because it is easy to spend it without unnecessary verifications that's why I believe in it.
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February 28, 2017, 06:56:11 AM
 #1269

Fiat currency is the major currency of all other currencies, so i am completely believing the fiat currency. Many things we are doing daily is through fiat currency only, even though the value of fiat currency slightly reduces but in longer run we have to believe them because it is being managed by the governments.


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February 28, 2017, 07:04:19 AM
 #1270

Fiat currency is the major currency of all other currencies, so i am completely believing the fiat currency. Many things we are doing daily is through fiat currency only,
Nothing is wrong with believing completely in fiat, as it is the reason why we keep on earning and take advantage on any opportunity be it online or in real life that offers anything that has a fiat value, and bitcoin is one of that...

even though the value of fiat currency slightly reduces but in longer run we have to believe them because it is being managed by the governments.
Government won't issue anything that is not for the good of its citizen, unless they are after their own welfare...  Smiley

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February 28, 2017, 07:36:29 AM
 #1271

I'm still using fiat and my wages paid in fiat so i still believe in it because there's no way you can only live with bitcoin in this country. Fiat is the only way to fulfill my daily needs. Even bitcoin can be converted into fiat so there's really no reason not to believe fiat. Bitcoin is the future, but fiat is important as well.

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February 28, 2017, 07:53:10 AM
 #1272

Yes.
There is no choice of believing in Fiat or not because even after the huge success and exponential growth of bitcoins Fiat is still a superior currency because-
1) we are getting our wages in the form of Fiat.
2) very less identified business companies accept bitcoin.
3) approximately half of the world even now doesn't know  about bitcoin and also doesn't use it.
4) poverty stricken people and countries that haven't got internet facility can't use bitcoin.
     For them Fiat is everything.
5) even after the exponential growth of bitcoin it still has to grow more .
Thus , there is no choice to weather believe in Fiat or not.
We have to accept that Fiat is still a superior currency.
But, nobody knows what the future holds.
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February 28, 2017, 08:08:11 AM
 #1273

I don't believe in Fiat. I will believing in Crypto-Currency because crypto-currency has more potential to earn than the fiat. Why? Because if Crypto-Currency will success my money will double or triple by just waiting it few years or few months only. In Fiat you will earn but not too much because Fiat price is stable.

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February 28, 2017, 08:11:36 AM
 #1274

The question of course interesting, but the fact that I still keep their savings in Fiat, and so I will not at all right if I say that I do not believe Fiat. I trust and almost always use the national currency, without any exceptions.
Savings are better saved in fiat to avoid any unnecessary attention from the monetary authorities on how you made your money. Fiat is still part and parcel of our livelihood because it is easy to spend it without unnecessary verifications that's why I believe in it.
As quoted savings when done in fiat complications can be avoided. Fiat is always the best to give us all daily needs. Now too if you think, people can survive without bitcoin but cannot live without fiat right now. So I believe fiat is to survive and. Support long even if digital currencies rule the world.

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February 28, 2017, 08:17:49 AM
 #1275

I don't believe in Fiat. I will believing in Crypto-Currency because crypto-currency has more potential to earn than the fiat. Why? Because if Crypto-Currency will success my money will double or triple by just waiting it few years or few months only. In Fiat you will earn but not too much because Fiat price is stable.

No one objects to that.  Smiley

But to be honest, I would still believe in fiat today and until the day that our future in bitcoin is not yet secure, as long as we can't live with bitcoin alone as a currency, I will still doubt bitcoin and I will always be after the safety of my future.  Smiley

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February 28, 2017, 10:32:34 AM
 #1276

I don't believe in Fiat. I will believing in Crypto-Currency because crypto-currency has more potential to earn than the fiat. Why? Because if Crypto-Currency will success my money will double or triple by just waiting it few years or few months only. In Fiat you will earn but not too much because Fiat price is stable.

No one objects to that.  Smiley

But to be honest, I would still believe in fiat today and until the day that our future in bitcoin is not yet secure, as long as we can't live with bitcoin alone as a currency, I will still doubt bitcoin and I will always be after the safety of my future.  Smiley

i believe fiat and i believe with bitcoin too but for now, i am prefer using fiat in my real life and in the future if there is any place that i can use my bitcoin, i will use it to buy something. but for now, i am happy that i can use my bitcoin although i only could use my bitcoin just in internet but at least i can spend my bitcoin to buy something.

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February 28, 2017, 02:15:38 PM
 #1277

I don't believe in Fiat. I will believing in Crypto-Currency because crypto-currency has more potential to earn than the fiat. Why? Because if Crypto-Currency will success my money will double or triple by just waiting it few years or few months only. In Fiat you will earn but not too much because Fiat price is stable.

No one objects to that.  Smiley

But to be honest, I would still believe in fiat today and until the day that our future in bitcoin is not yet secure, as long as we can't live with bitcoin alone as a currency, I will still doubt bitcoin and I will always be after the safety of my future.  Smiley
You really do not need bitcoin as a currency to believe in it.I do consider it as a commodity and trade like a commodity and i do not find it as an obstacle and with the price increasing with time it will soon over come the price of gold ,which is another commodity people have being trading for centuries. Wink

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February 28, 2017, 07:51:15 PM
 #1278

The question of course interesting, but the fact that I still keep their savings in Fiat, and so I will not at all right if I say that I do not believe Fiat. I trust and almost always use the national currency, without any exceptions.
Savings are better saved in fiat to avoid any unnecessary attention from the monetary authorities on how you made your money. Fiat is still part and parcel of our livelihood because it is easy to spend it without unnecessary verifications that's why I believe in it.

In practice, this is quite the other way round

With Bitcoin, you can more or less safely "bury" your bitcoins from prying eyes and unnecessary attention, if you indeed don't tell the world about your Bitcoin stash at every corner. It is not the same with fiat. With fiat, you have to use banks if you want to spend a certain amount of money, and you may end up being asked where exactly this amount of wealth comes from. The current financial system is set up in such a way that you can't buy anything expensive for cash (say, a house or a car). Even if you do succeed at that, you can't be sure that your counterparty won't report on their income that they got from you. And then you are nailed down



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PaymyBills
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March 01, 2017, 12:05:59 AM
 #1279

Fiat for me is a necessary evil, it's the biggest worldwide conspiracy where 95% of earth population beliefs in and are dedicated to.
But as it is now I will still have to use it, until I can trade some paper btc wallets for a bread.
mornabo
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March 01, 2017, 12:55:29 AM
 #1280

The question of course interesting, but the fact that I still keep their savings in Fiat, and so I will not at all right if I say that I do not believe Fiat. I trust and almost always use the national currency, without any exceptions.
I think this is a rhetorical question because I'm sure all users bitcoin is still very dependent on the fiat, although they live in bitcoin though. fiat is the main currency. of course we firmly believe in fiat

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