Do you Still believe in Fiat?

[Fatanut]

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.

Yeah that's true fiat is really old and it has been around for more than 500 years while bitcoin is just a 8 year old digital currency which currently has many flaws which can affect the use of it in daily life while fiat is instant as we don't need any sort of confirmation and it is widely accepted anywhere in the world.

Fiat is guaranteed by the State, yes, but at any given time, the State can turn their back to their people and say that they aren't backing the fiat anymore. That's why it's still risky to put all of your money in fiat even though it's very unlikely to happen. Fiat has been around for a really long time, it came around 700 BC (Source: History of Coins) which makes the concept of it very very old. Everything will eventually be replaced by something better and once everyone started using bitcoins, fiat will be replaced by bitcoins.

[carriebee]

I still do believe in fiat thats being part of our daily life, daily needs. Its difficult to live without this as this is our form of currency to buy goods just to survive. Though bitcoin is currently being used as currency, I beleived it has a brighter future.

[d-trixx]

I have hated fiat once I understood the history and toxicity around the control and usage of it.  I believe in the power and growth/potential that Bitcoin exhibits. Once I learned the true nature of the banksters/fed/world banks I understood we needed a decentralized currency that wasn't bound by endless regulations and restrictions. #longlivethe BTC

Perhaps in the future it will be so. But for today we are completely dependent on Fiat. I'm worried about something else. How can states exist if their main source of income is removed. Taxes fill the budget, and the entire industry is already in personal ownership. How to deal with this?

[PetroffVany]

I still do believe in fiat thats being part of our daily life, daily needs. Its difficult to live without this as this is our form of currency to buy goods just to survive. Though bitcoin is currently being used as currency, I beleived it has a brighter future.

I agree with you. We still can not live without a mint currency. It is of great importance in our life. But we must also use bitcoin to make it even more popular

[bitcoinvest]

I have hated fiat once I understood the history and toxicity around the control and usage of it.  I believe in the power and growth/potential that Bitcoin exhibits. Once I learned the true nature of the banksters/fed/world banks I understood we needed a decentralized currency that wasn't bound by endless regulations and restrictions. #longlivethe BTC

Perhaps in the future it will be so. But for today we are completely dependent on Fiat. I'm worried about something else. How can states exist if their main source of income is removed. Taxes fill the budget, and the entire industry is already in personal ownership. How to deal with this?

This opinion that for today we are completely dependent on Fiat is true... I can't go to my local super market and buy things for my home paying with Bitcoins...
The same for other things we all need in daily basis, yes of course there is the option to take a card load with Btc and pay with this debit card buy the fees they do have keeps me away up to now ..

But the interesting part for the current situation is that i can take the plane and using local bitcoins get cash to another country right away it's just amazing!

[Fatanut]

I have hated fiat once I understood the history and toxicity around the control and usage of it.  I believe in the power and growth/potential that Bitcoin exhibits. Once I learned the true nature of the banksters/fed/world banks I understood we needed a decentralized currency that wasn't bound by endless regulations and restrictions. #longlivethe BTC

When gold was removed from the scene, fiat has become virtual. All of the value of fiat is a mere illusion. It doesn't have a value at all. The price of fiat is depending on the economy of the country and how many fiat is in regulation. It's just the same thing as bitcoin, they are both not backed by anything that is actually valuable. The only difference is that fiat is regulated so much while you get freedom with bitcoins. And bitcoin is decentralized, the whole thing actually depends on the supply/demand law unlike fiat which is centralized. Whatever foolish decisions your government does, it will affect you as you're using their fiat.

[Prohodimec]

I believe in Fiat because it will always be protected by the government. Fiat is a way of controlling people, so it will never disappear

[Kollor]

I believe in Fiat because it will always be protected by the government. Fiat is a way of controlling people, so it will never disappear

Then what if the government starts to shift? what if government uses bitcoin to control people?

To be honest, I am still using fiat as there is no other way in where I live to survive using bitcoin alone. If there is a way to eat and pay  my taxes with bitcoin, I could try living 50/50 between bitcoin and fiat.

Without fiat, my everyday walk of life will be paralyzed.

[Maslate]

I believe in Fiat because it will always be protected by the government. Fiat is a way of controlling people, so it will never disappear

Then what if the government starts to shift? what if government uses bitcoin to control people?

To be honest, I am still using fiat as there is no other way in where I live to survive using bitcoin alone. If there is a way to eat and pay  my taxes with bitcoin, I could try living 50/50 between bitcoin and fiat.

Without fiat, my everyday walk of life will be paralyzed.

I guess it's impossible to happen, the government will not shift to be bitcoin because they have fiat which they created and who would they control people when bitcoin is decentralized. They do not know who owns most of bitocin and even if they know that is unlikely to happen.
Government will protect what they created and this world will always be centralized under their control and governance.

[Bitcoin0916]

I believe in Fiat because it will always be protected by the government. Fiat is a way of controlling people, so it will never disappear

Yeah right, we have to admit that using bitcoin is still limited and has not been widely used for direct transactions. I hope many places approved bitcoin, so that it can reduce the fiat money.

[stadus]

I believe in Fiat because it will always be protected by the government. Fiat is a way of controlling people, so it will never disappear

Yeah right, we have to admit that using bitcoin is still limited and has not been widely used for direct transactions. I hope many places approved bitcoin, so that it can reduce the fiat money.

I believe that will not happen easily, bitcoin is not at its peak now despite breaking the all time high, we need more time to see a massive increase of adoption but that increase is not a big threat to replace the fiat system. Bitcoin will always be a substitute money or commonly known as payment system for online transactions.

[X-ray]

I believe in Fiat because it will always be protected by the government. Fiat is a way of controlling people, so it will never disappear

Is the goverment using it for controlling you? Your word is bullshit. The people are not controlling by the goverment, another party or something like that. You believe in fiat because you can use it to fill your daily needs. And the goverment is never trying to controlling you dude. They just take care with the goverment financial system to supporting all of his civilians.

[UCHCHILD]

Yes I do, this is why we live, we use this in our daily lives, without this we cannot get what we want those things.

[Text]

We can't really live using bitcoin alone, we always need fiat money to survive. Where ever we go we can use it. Unlike BTC; if we don't have computers and can't access the internet its useless. I admit that bitcoin helps us to make money online but we should not abandon fiat and forget its value.

[bitcoinvest]

We can't really live using bitcoin alone, we always need fiat money to survive. Where ever we go we can use it. Unlike BTC; if we don't have computers and can't access the internet its useless. I admit that bitcoin helps us to make money online but we should not abandon fiat and forget its value.

We can't do that at the moment, IF we reach to one point that everyone is accepting Bitcoin as payment method then will be the start of finish of the fiat.
But at the moment we trade to win what? 2 things, more Bitcoins and more Fiat...it's what is going on right now...in ten years? who knows..only time will tell..

[gabmen]

We can't really live using bitcoin alone, we always need fiat money to survive. Where ever we go we can use it. Unlike BTC; if we don't have computers and can't access the internet its useless. I admit that bitcoin helps us to make money online but we should not abandon fiat and forget its value.

Well even if we want to, i don't think we can. Fiat is too importsnt for us at thos time and in the years to come that perhaps all other currencies would just act as backup or alternatives to the current fiat system. You're right, accessibility is one of the main things that makes fiat important because it doesn't really requirr a lot for its use unlike gold or bitcoin or any other currencies

[TheFutureIsHere]

Most dumbest question ever asked. Yes I believe in fiat, it's not a myth it's real used some earlier in the shop to buy some food a lot easier than if I had to use my bitcoin to buy food.

[marketone]

We can't really live using bitcoin alone, we always need fiat money to survive. Where ever we go we can use it. Unlike BTC; if we don't have computers and can't access the internet its useless. I admit that bitcoin helps us to make money online but we should not abandon fiat and forget its value.

We can't do that at the moment, IF we reach to one point that everyone is accepting Bitcoin as payment method then will be the start of finish of the fiat.
But at the moment we trade to win what? 2 things, more Bitcoins and more Fiat...it's what is going on right now...in ten years? who knows..only time will tell..

See, most of the people still don't have awareness about bitcoin, many people have faith in fiat when compared to bitcoin.
Maybe in future, it is possible to setup bitcoin as the payment method, but up to that, we have to use fiat currency only.
Yes, we have to manage both the fiat and bitcoin because we don't know what is going to be our future currency.

[fikihafana]

We can't really live using bitcoin alone, we always need fiat money to survive. Where ever we go we can use it. Unlike BTC; if we don't have computers and can't access the internet its useless. I admit that bitcoin helps us to make money online but we should not abandon fiat and forget its value.

We can't do that at the moment, IF we reach to one point that everyone is accepting Bitcoin as payment method then will be the start of finish of the fiat.
But at the moment we trade to win what? 2 things, more Bitcoins and more Fiat...it's what is going on right now...in ten years? who knows..only time will tell..

See, most of the people still don't have awareness about bitcoin, many people have faith in fiat when compared to bitcoin.
Maybe in future, it is possible to setup bitcoin as the payment method, but up to that, we have to use fiat currency only.
Yes, we have to manage both the fiat and bitcoin because we don't know what is going to be our future currency.

fiat will still available even bitcoin have massive adoption and huge community

[bitllionaire]

I still do believe in fiat thats being part of our daily life, daily needs. Its difficult to live without this as this is our form of currency to buy goods just to survive. Though bitcoin is currently being used as currency, I beleived it has a brighter future.

I agree with you. We still can not live without a mint currency. It is of great importance in our life. But we must also use bitcoin to make it even more popular

yes still we mostly depend on fiat, although some people have started using bitcoin, but still they are depending on fiat, because still they cannot use bitcoin for everything. but i think in future when bitcoin will become more and more popular and when everyone will be start using bitcoin then the shopkeepers will also start accepting bitcoin and then people will become able to use bitcoin for shopping and other purposes.