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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
Noojna
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July 15, 2016, 11:10:31 PM
 #161

Yes I still believe in fiat; just outraged at our governments who use it as a tool to control our lives. Bitcoin was created as a better currency to counter this control.



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July 15, 2016, 11:44:44 PM
 #162

We have to believe in fiat because bitcoin does not know what it's future will hold for anyone.
It is just to unstable from one end of the lower margins to the other. Tomorrow you don't know if it will be down a hundred dollars worth or not. With fiat you know it will not sink that low so fast.

And fiat is tested already for centuries. No reason to think of a erasure of it since fiat has it's own role same with bitcoin. Bitcoin dominates the online transaction while fiat on the other hand, dominates the physical and direct transactions.
This is truth. I am not denying this fact.
But since you put it that way there is a division that bitcoin can break eventually with the help of one thing that fiat does not have:
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July 16, 2016, 01:22:48 AM
 #163

Im still believe in fiat, because im still use it, and for me fiat is still have value.
people who doubt fiat, he must not accept fiat as payment processor.

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July 16, 2016, 04:48:25 AM
 #164

We have to believe in fiat because bitcoin does not know what it's future will hold for anyone.
It is just to unstable from one end of the lower margins to the other. Tomorrow you don't know if it will be down a hundred dollars worth or not. With fiat you know it will not sink that low so fast.

Well if the inflation is fast then you notice it but if fiat is falling you don't really see it until you're stuck scrambling around for enough to survive. People only really see the gains and falls of BTC because they don't use it, directly anyways, to pay the house bills or for food. When we get to a point where that's possible people will start to re-evaluate whether fiat is good or not.
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July 16, 2016, 08:55:41 AM
 #165

We have to believe in fiat because bitcoin does not know what it's future will hold for anyone.
It is just to unstable from one end of the lower margins to the other. Tomorrow you don't know if it will be down a hundred dollars worth or not. With fiat you know it will not sink that low so fast.

Well if the inflation is fast then you notice it but if fiat is falling you don't really see it until you're stuck scrambling around for enough to survive. People only really see the gains and falls of BTC because they don't use it, directly anyways, to pay the house bills or for food. When we get to a point where that's possible people will start to re-evaluate whether fiat is good or not.
If the economic crisis will continue the Fiat will be losing its value and trust of the people and that time bitcoin will boost and people will focus their investment with bitcoins and use it in daily transactions.

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July 16, 2016, 09:07:31 AM
 #166

Yes, but I also believe in crypto currencies. Basically I believe in change, and everything can be replaced. Money replaced barter exchange economy, now crypto currencies are replacing money. Probably after few decades, bio metric system will replace traditional payments. That’s the chain of cycle and society adopts best form in every period. Now looking at the topic, I think fiat currencies are the most used currencies because of certain advantages of less volatility, wide accessibility etc. Since bitcoin is in progress and heading towards those advantages, I think people will prefer crypto currencies over fiat currencies. As I said, I believe in change and right now change is crypto currencies.

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July 16, 2016, 06:13:52 PM
 #167

Yeah we are still dependent upon fiat for our living than bitcoin as bitcoin cannot be used in local stores and it won't satisfy our daily needs.

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July 16, 2016, 06:18:09 PM
 #168

faint money exist from more than 500years so everyone belives in it. even after adopting bitcoin we can not leave faint system and because we are trading bitcoin for faint so it makes it more harder to take off. we know banks and faint is relative and we still can not avoid that

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July 16, 2016, 06:28:33 PM
 #169

Surely I do believe and trust fiat currency more than bitcoin. Because every fiat currency is legal and regulated by government. So it has a very less change to fall in price unless and until the economy of that country shatters.

Bitcoin is a way to financial freedom but the price can go down at any time. So if you reply more on bitcoin, you either can become multi millioner or you can go bankrupt. So Have a balance between bitcoin and fiat.

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July 16, 2016, 06:41:55 PM
 #170

Yes I still believe in fiat; just outraged at our governments who use it as a tool to control our lives. Bitcoin was created as a better currency to counter this control.

yeah, bitcoin is going to bring a big freedom in our financial lives and with that we will no longer be in the control of the governments and I will be remained from the tax of government which our government collect and do not use for the real purpose of the state.
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July 16, 2016, 06:45:09 PM
 #171

Yeah we are still dependent upon fiat for our living than bitcoin as bitcoin cannot be used in local stores and it won't satisfy our daily needs.
yeah, unfortunately fiat matters way more right now than bitcoins or any other cryptocurrencies and i think it is a really bad thing because it does not allow you to use bitcoins all the time
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July 16, 2016, 06:57:14 PM
 #172

fiat money is legal tender in use for purchasing anything that is in use is fiat money
in supermakert market and all shops in the real world if you want to buy something it should use legal tender in use and thank everyone
and it is fiat money
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July 16, 2016, 07:59:59 PM
 #173

fiat money is legal tender in use for purchasing anything that is in use is fiat money
in supermakert market and all shops in the real world if you want to buy something it should use legal tender in use and thank everyone
and it is fiat money

If I got your point right (lol), you claim that any seller is obliged to accept legal tender as an offered means of payment. Strictly speaking, this is not so, and not what the notion of legal tender actually means. Legal tender is "legal" (i.e. obliging) only in respect to paying a debt, for example, paying taxes...

A seller usually has the right not to do business with anyone, and this necessarily includes the right to decline payment in legal tender as well



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July 17, 2016, 08:37:05 AM
 #174

Yeah we are still dependent upon fiat for our living than bitcoin as bitcoin cannot be used in local stores and it won't satisfy our daily needs.
yeah, unfortunately fiat matters way more right now than bitcoins or any other cryptocurrencies and i think it is a really bad thing because it does not allow you to use bitcoins all the time
Yes today fiat is the money. Every one accepts fiat while many still don't accept the bitcoins and any other crypto currency. It will still take time for bitcoins to overrun the fiat and until then fiat will be the currency that  everyone uses.
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July 17, 2016, 09:25:56 AM
 #175

The entire world economy is based on fiat money. The US dollar isn't backed by anything anymore. It used to be backed by gold. So, the Federal Reserve is just creating it out of nothing. But it still is the form of money that the whole world uses.

Most business and companies don't accept bitcoin for transactions. Until bitcoin becomes very prominent, everyone has to use fiat money.
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July 17, 2016, 10:57:45 AM
 #176

I do not believe in fiat. It is just a tool to get paid and buy things with it. It is less trustable than the bitcoin.


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July 17, 2016, 03:13:46 PM
 #177

The entire world economy is based on fiat money. The US dollar isn't backed by anything anymore. It used to be backed by gold. So, the Federal Reserve is just creating it out of nothing. But it still is the form of money that the whole world uses.

Most business and companies don't accept bitcoin for transactions. Until bitcoin becomes very prominent, everyone has to use fiat money.

Thats what everyone that got into bitcoin is hoping for however some parts of the world, the majority specifically will keep on denying bitcoin as they wouldnt want the economy to be based on decentralized currency, this makes the government powerless and therefore wont have any significant effect in making nationwide decision

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July 17, 2016, 04:01:24 PM
 #178

The entire world economy is based on fiat money. The US dollar isn't backed by anything anymore. It used to be backed by gold. So, the Federal Reserve is just creating it out of nothing. But it still is the form of money that the whole world uses.

Most business and companies don't accept bitcoin for transactions. Until bitcoin becomes very prominent, everyone has to use fiat money.

Thats what everyone that got into bitcoin is hoping for however some parts of the world, the majority specifically will keep on denying bitcoin as they wouldnt want the economy to be based on decentralized currency, this makes the government powerless and therefore wont have any significant effect in making nationwide decision
This truly sums up things while government doesn't want media to give any credentials about bitcoin. They don't want anyone to know nor heard about this currency. Once more people adopted into this coin there's a high chance that our economic system will crashed and it will result to a single currency, a freedom currency for people which is bitcoin.
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July 17, 2016, 04:25:33 PM
 #179

the answer is obvious , if u never got into the

property cycle or dont have the uber high paying

job or welfare Queen status with Gov supplied housing

or lastly deal drugs,

u would hate Fiat to the  core!

the endless print cycle is a joke  Cheesy


No matter how I hate fiat, the fact that I can use it, buy goods from it, people accepting it, international community recognize it.  There is no way I can abandon my belief in fiat.  That's the fact.  Believing has nothing to do with loving and hating something.
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July 17, 2016, 04:28:22 PM
 #180

whether you believe in fiat or not, it doesn't matter you still have to use it or go back to the stone ages and trade using goods in exchange!














 

 

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