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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
rajasumi3
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March 02, 2017, 01:44:54 PM
 #1301

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.
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March 02, 2017, 02:35:21 PM
 #1302

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.
Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.

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March 02, 2017, 02:41:34 PM
 #1303

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.
Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.
that's right instead of converting it to fiat why not use it and start helping the chain just like the previous reply said all you need is just a smart device which can connect to internet and to your wallet and you are ready to go, it will make impact as well with btc if many people will start using it like you did mate.

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March 02, 2017, 04:02:59 PM
 #1304

I agree with you, in my mind i think that even if you have BTC you still in need to convert it to fiat to be acceptable in most locations. Fiat currency has been ingrained in the way we do things and will remain this way for a long time  Cool
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March 02, 2017, 05:48:36 PM
 #1305

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.
Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.
that's right instead of converting it to fiat why not use it and start helping the chain just like the previous reply said all you need is just a smart device which can connect to internet and to your wallet and you are ready to go, it will make impact as well with btc if many people will start using it like you did mate.
It's states that he still believed in fiat though he said that the place he lived many stores that accept bitcoin as a means of payment, but he did not use the great opportunity to make bitcoin increasingly known by many people, in my eyes it means he does not believe in bitcoin.

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March 02, 2017, 07:10:40 PM
 #1306

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

That is the problem. We have to use it. It is like it is being forced to be used. We didn't even have an option. I do believe in fiat too. But there is nothing into it. You just use it to buy something, and it just tells the history or heroes of your country in a piece of paper.
Specially when in you are in a place where their value of currency is too low. You would need a lot of paper money too buy a cow.  Grin The convenience into bringing something that is so light is erased.

In no way you were forced to use fiat at all. You can use bitcoins to buy everything but it will be foolish to do extensive effort just to do so. For example, you want to buy a banana in your local market. Since obviously the seller of the banana only knows fiat, you're required to find someone who's willing to accept bitcoins in exchange for a banana. You simply have to find a bitcoin user, let the bitcoin user buy the banana (in fiat) and then you'll pay him bitcoins in exchange for the banana. It's foolish, right? When you can just buy it using your fiat.

Nevertheless, you still can buy anything using bitcoins. You're just not ready for that extra effort (stupid effort) needed.

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March 02, 2017, 07:18:12 PM
 #1307

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

That is the problem. We have to use it. It is like it is being forced to be used. We didn't even have an option. I do believe in fiat too. But there is nothing into it. You just use it to buy something, and it just tells the history or heroes of your country in a piece of paper.
Specially when in you are in a place where their value of currency is too low. You would need a lot of paper money too buy a cow.  Grin The convenience into bringing something that is so light is erased.

In no way you were forced to use fiat at all. You can use bitcoins to buy everything but it will be foolish to do extensive effort just to do so. For example, you want to buy a banana in your local market. Since obviously the seller of the banana only knows fiat, you're required to find someone who's willing to accept bitcoins in exchange for a banana. You simply have to find a bitcoin user, let the bitcoin user buy the banana (in fiat) and then you'll pay him bitcoins in exchange for the banana. It's foolish, right? When you can just buy it using your fiat.

Nevertheless, you still can buy anything using bitcoins. You're just not ready for that extra effort (stupid effort) needed

If you ask me, that's not very different from you just converting your bitcoins to fiat and buying that wretched banana yourself. The point is not making it look as if you bought something with bitcoins, the point is creating a real closed-loop Bitcoin economy where you buy things with bitcoins from a producer and producer uses Bitcoin proceeds to buy the stuff he needs and pay the staff he hires. We already have some tiny loops in place, but they are small and far in between, i.e. nowhere close to a full-fledged Bitcoin economy

It is debatable whether we will get there at all



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uneng
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March 02, 2017, 07:26:04 PM
 #1308

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

That is the problem. We have to use it. It is like it is being forced to be used. We didn't even have an option. I do believe in fiat too. But there is nothing into it. You just use it to buy something, and it just tells the history or heroes of your country in a piece of paper.
Specially when in you are in a place where their value of currency is too low. You would need a lot of paper money too buy a cow.  Grin The convenience into bringing something that is so light is erased.

In no way you were forced to use fiat at all. You can use bitcoins to buy everything but it will be foolish to do extensive effort just to do so. For example, you want to buy a banana in your local market. Since obviously the seller of the banana only knows fiat, you're required to find someone who's willing to accept bitcoins in exchange for a banana. You simply have to find a bitcoin user, let the bitcoin user buy the banana (in fiat) and then you'll pay him bitcoins in exchange for the banana. It's foolish, right? When you can just buy it using your fiat.

Nevertheless, you still can buy anything using bitcoins. You're just not ready for that extra effort (stupid effort) needed.

It's true, stupid effort and probably extra tax for the guy who is being the middle man between you and the seller. Bitcoin is something to make our life easier, and this way it's being harder. To make it work well, all parts must accept bitcoins and minimize the necessity of middle men maximum as possible, until there it will be stupid effort.

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March 02, 2017, 07:34:05 PM
 #1309

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.
Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.
that's right instead of converting it to fiat why not use it and start helping the chain just like the previous reply said all you need is just a smart device which can connect to internet and to your wallet and you are ready to go, it will make impact as well with btc if many people will start using it like you did mate.
I agree with your point. Bitcoin is giving us benefit so why not we permanently accept bitcoin and use it everywhere instead of fiat. In this way the demand of bitcoin will also be increased and the value of it will increase more high and the all the benefits will be for us.

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March 02, 2017, 09:57:49 PM
 #1310

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.
Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.

Hahaha, sorry, I just burst out laughing. This is a misunderstanding, he said bitcoin is accepted now where other than cash, I think that is a typographical error, I think he is trying to say is  bitcoin is accepted nowhere other than cash, that's why he is still converting it.
I do too convert it to real money because there are no stores here that accept bitcoin.

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March 02, 2017, 11:18:20 PM
 #1311


Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.
Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.

There is no where your quoted comment tells that Bitcoin dominates cash.  As I see, he said that bitcoin is accepted in his country just like any other cash.  And so he convert his Bitcoin to cash because his daily needs use cash.



I also believe in fiat.  there is no way that bitcoin will ever take place the use of it or  Bitcoin being acknowledge as main currency of a country. 


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Przemax
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March 03, 2017, 09:33:50 AM
 #1312

The word Fiat means that someone believe in something. So yeah people believe in fiat. Just because you dont believe in what others believe you dont have to adjust to their believe system.

You would have to make people not believing in fiat for you to be able to cooperate with them and not do as you would believe what they believe yourself.

Thats such a paradox that its completly irrelevant if you believe something or not if you are in a group of people believing it. The only way your faith or not is important if you will cease your belonging to that group.
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March 03, 2017, 10:41:50 AM
 #1313

Fiat money is money that is guaranteed to the State, of course I never hesitate. the use of the bitcoin I think only as an alternative, fiat money is still the largest and can not replace by any included bitcoin.
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March 03, 2017, 12:28:10 PM
 #1314

Fiat money is money that is guaranteed to the State, of course I never hesitate. the use of the bitcoin I think only as an alternative, fiat money is still the largest and can not replace by any included bitcoin.

Yup you're right. And i don't think there's any need to replace it with any other currency. Fiat can and will stand alone with all its features and i don't think that even with a faced paced technology we're having now, fiat would be irrelevant in time,no. Fiat would atill be there and may very well just move along with the current technology

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March 03, 2017, 02:30:05 PM
 #1315

Fiat money is money that is guaranteed to the State, of course I never hesitate. the use of the bitcoin I think only as an alternative, fiat money is still the largest and can not replace by any included bitcoin.

See, that's sort of the problem with fiat. Only the government owns it and they are the only one that gives value to it. When they decided to pull out fiat, all of the fiat money that's with you will become valueless. And by valueless I mean like zero value. No one will accept your fiat anymore. This rarely happens and I'm not sure if this has happened before. What you should look up to is when your fiat gets devaluated and even trillion worth of your local fiat is not worth anything anymore. That can happen.

When you're using bitcoins, you're free from that issue. Even if your local fiat gets valueless, it's alright since you can exchange your bitcoins to any other fiat currency.

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March 03, 2017, 07:49:41 PM
 #1316

Fiat money is money that is guaranteed to the State, of course I never hesitate. the use of the bitcoin I think only as an alternative, fiat money is still the largest and can not replace by any included bitcoin.

Yup you're right. And i don't think there's any need to replace it with any other currency. Fiat can and will stand alone with all its features and i don't think that even with a faced paced technology we're having now, fiat would be irrelevant in time,no. Fiat would atill be there and may very well just move along with the current technology

I agree with you. No country in the world is not ready to abandon its national currency. It hence is the government will support Fiat.
I use it every day and Fiat can not do without it.
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March 04, 2017, 04:51:37 AM
 #1317

Fiat money is money that is guaranteed to the State, of course I never hesitate. the use of the bitcoin I think only as an alternative, fiat money is still the largest and can not replace by any included bitcoin.

See, that's sort of the problem with fiat. Only the government owns it and they are the only one that gives value to it. When they decided to pull out fiat, all of the fiat money that's with you will become valueless. And by valueless I mean like zero value. No one will accept your fiat anymore. This rarely happens and I'm not sure if this has happened before. What you should look up to is when your fiat gets devaluated and even trillion worth of your local fiat is not worth anything anymore. That can happen.

When you're using bitcoins, you're free from that issue. Even if your local fiat gets valueless, it's alright since you can exchange your bitcoins to any other fiat currency.
I any devaluation of the national currency is possible, and sometimes this is the case. Why us should not be focused on all currencies. We take the market leaders not only demand but. The dollar and the euro are very strong and durable. Dollar supported by not only the US but also international financial institutions.
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March 05, 2017, 12:08:14 AM
 #1318

Ofcourse, I still believe in fiat, it is used in our daily lives. Fiat is very important role in our life, without this how can we buy something to eat, buy something in our daily needs. Thus, we cannot taken it for granted because its a part in our life...


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March 05, 2017, 12:19:05 AM
 #1319

if you think about it, fiat money is under extinction... we use "digital" money more and more. We pay for goods and food via credit / debit cards, we pay our bills via e-banking, we get paid via wire transfer, we barely get the chance to get our hands in real "physical" bills and coins.
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March 05, 2017, 01:20:51 AM
 #1320

Ofcourse, I still believe in fiat, it is used in our daily lives. Fiat is very important role in our life, without this how can we buy something to eat, buy something in our daily needs. Thus, we cannot taken it for granted because its a part in our life...
it's all just a matter of habit. we too often use fiat in our daily lives despite the fact the use of fiat is not good. Maybe we can use the fiat of necessity, we had no other choice but to use fiat. in antiquity, too, we are forced to barter because there is no currency. well, now we do not need to use fiat which the value is always reduced because of inflation, because now there is bitcoin.

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