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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
agustina2
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July 22, 2016, 02:13:48 PM
 #221

I do hate fiat money but I still have to use it in my daily life. With all the yearly inflation rates fiat currencies have, mot of the world still use it and trust it

Inflation rates of fiat is almost not changing if you will based it on yearly basis.

I don't see any reason why you hate fiat since when you are born fiat dominates all the money transaction worldwide.

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Mauser
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July 22, 2016, 02:53:42 PM
 #222

I do hate fiat money but I still have to use it in my daily life. With all the yearly inflation rates fiat currencies have, mot of the world still use it and trust it

Inflation rates of fiat is almost not changing if you will based it on yearly basis.

I don't see any reason why you hate fiat since when you are born fiat dominates all the money transaction worldwide.

I guess everybody is still using Fiat these days so you can't really speak of hate, maybe more a dislike. Once you get your salary in BTCs and pay all bills in BTCs you could talk about hating Fiat =)

The inflation rate doesn't really show the change in the actual cost of living. In my opinion the inflation numbers are flawed due to the low energy prices.
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July 22, 2016, 03:05:51 PM
 #223

I do hate fiat money but I still have to use it in my daily life. With all the yearly inflation rates fiat currencies have, mot of the world still use it and trust it

Inflation rates of fiat is almost not changing if you will based it on yearly basis.

I don't see any reason why you hate fiat since when you are born fiat dominates all the money transaction worldwide.

I guess everybody is still using Fiat these days so you can't really speak of hate, maybe more a dislike. Once you get your salary in BTCs and pay all bills in BTCs you could talk about hating Fiat =)

The inflation rate doesn't really show the change in the actual cost of living. In my opinion the inflation numbers are flawed due to the low energy prices.

Well that is really the real score. If all financial transactions can be supported by bitcoin then there's a reason now to hate fiat. But that won't happen.

And inflation is a normal economic thing so treating it as a factor to hate fiat isn't applicable technically.

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virtualkeybuyer
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July 22, 2016, 03:46:43 PM
 #224

I do hate fiat money but I still have to use it in my daily life. With all the yearly inflation rates fiat currencies have, mot of the world still use it and trust it

Inflation rates of fiat is almost not changing if you will based it on yearly basis.

I don't see any reason why you hate fiat since when you are born fiat dominates all the money transaction worldwide.

I guess everybody is still using Fiat these days so you can't really speak of hate, maybe more a dislike. Once you get your salary in BTCs and pay all bills in BTCs you could talk about hating Fiat =)

The inflation rate doesn't really show the change in the actual cost of living. In my opinion the inflation numbers are flawed due to the low energy prices.

Well that is really the real score. If all financial transactions can be supported by bitcoin then there's a reason now to hate fiat. But that won't happen.

And inflation is a normal economic thing so treating it as a factor to hate fiat isn't applicable technically.

Yo are right in the coming future all of the systems will be transferred to digital system then it is also required that the currency ill also be in digital and for that people will like bitcoin,but still as the governments like their fiat so they will remain with it.

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mishra1994u
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July 22, 2016, 03:57:35 PM
 #225

Fiat currency is used in our daily life.We do transaction in fiat in our day to day life,we cannot survive without it.
So weather we believe in it or not we cannot survive via fiat currency.
But still i believe in fiat and its future also i dont think crypto-currecies can ever take its place no matter how popular it become.
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July 22, 2016, 04:03:10 PM
 #226

Fiat currency is used in our daily life.We do transaction in fiat in our day to day life,we cannot survive without it.
So weather we believe in it or not we cannot survive via fiat currency.
But still i believe in fiat and its future also i dont think crypto-currecies can ever take its place no matter how popular it become.

it's true that we can't without fiat money the way the entire world economy is shaped. however, i don't believe in fiat as it will only make your wealth be worth less year after year. that's why i am extremely happy that we have bitcoin to use as investment tool and store of wealth. this way we prevent that our wealth is decreasing in value while the amount of fiat that you hold stays the same. people should act now.
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July 22, 2016, 04:12:12 PM
 #227

Fiat currency is used in our daily life.We do transaction in fiat in our day to day life,we cannot survive without it.
So weather we believe in it or not we cannot survive via fiat currency.
But still i believe in fiat and its future also i dont think crypto-currecies can ever take its place no matter how popular it become.

I think fiat will always survive in long run as it holds maximum number of users and they are also used it as they are using it since long period of time.
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July 22, 2016, 04:47:54 PM
 #228

Fiat currency is used in our daily life.We do transaction in fiat in our day to day life,we cannot survive without it.
So weather we believe in it or not we cannot survive via fiat currency.
But still i believe in fiat and its future also i dont think crypto-currecies can ever take its place no matter how popular it become.

I think fiat will always survive in long run as it holds maximum number of users and they are also used it as they are using it since long period of time.

Probably true. As long as you believe in your government you will believe in Fiat aswell. Still long road to go to get your pension paid out in BTCs instead of Fiat.
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July 22, 2016, 04:52:57 PM
 #229

Fiat currency is used in our daily life.We do transaction in fiat in our day to day life,we cannot survive without it.
So weather we believe in it or not we cannot survive via fiat currency.
But still i believe in fiat and its future also i dont think crypto-currecies can ever take its place no matter how popular it become.

I think fiat will always survive in long run as it holds maximum number of users and they are also used it as they are using it since long period of time.

Probably true. As long as you believe in your government you will believe in Fiat aswell. Still long road to go to get your pension paid out in BTCs instead of Fiat.
Getting pension in btc is never possible as government will never allow bitcoin to become a primary currency and not every company will start paying salary in bitcoins.
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July 22, 2016, 04:56:03 PM
 #230

Fiat currency is used in our daily life.We do transaction in fiat in our day to day life,we cannot survive without it.
So weather we believe in it or not we cannot survive via fiat currency.
But still i believe in fiat and its future also i dont think crypto-currecies can ever take its place no matter how popular it become.

I think fiat will always survive in long run as it holds maximum number of users and they are also used it as they are using it since long period of time.

Probably true. As long as you believe in your government you will believe in Fiat aswell. Still long road to go to get your pension paid out in BTCs instead of Fiat.
Getting pension in btc is never possible as government will never allow bitcoin to become a primary currency and not every company will start paying salary in bitcoins.
that's true government will not allowed the system not to be manipulated if bitcoin will stay like this government won't be allowed to do anything with it, so as long as the government is in control i believe fiat or main currency will dominate and we need to support it if we believe to whoever holding the power.
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July 22, 2016, 04:56:59 PM
 #231

I do hate fiat money but I still have to use it in my daily life. With all the yearly inflation rates fiat currencies have, mot of the world still use it and trust it

Inflation rates of fiat is almost not changing if you will based it on yearly basis.

I don't see any reason why you hate fiat since when you are born fiat dominates all the money transaction worldwide.

I agree there is no reason to hate fiat money.  Bitcoin may offer us a better deal but as a matter of fact it only offers us better deal in the internet.  But if you move around and go to local markets, bitcoin won't offer you anything there at most because only a few to nothing accept bitcoin.  They only want fiat money.  Even OP wants fiat money, so do I, so how will I hate the thing I want / need.
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July 22, 2016, 05:01:15 PM
 #232

Fiat currency is used in our daily life.We do transaction in fiat in our day to day life,we cannot survive without it.
So weather we believe in it or not we cannot survive via fiat currency.
But still i believe in fiat and its future also i dont think crypto-currecies can ever take its place no matter how popular it become.

I think fiat will always survive in long run as it holds maximum number of users and they are also used it as they are using it since long period of time.

Probably true. As long as you believe in your government you will believe in Fiat aswell. Still long road to go to get your pension paid out in BTCs instead of Fiat.
Getting pension in btc is never possible as government will never allow bitcoin to become a primary currency and not every company will start paying salary in bitcoins.
that's true government will not allowed the system not to be manipulated if bitcoin will stay like this government won't be allowed to do anything with it, so as long as the government is in control i believe fiat or main currency will dominate and we need to support it if we believe to whoever holding the power.
Yeah bitcoin is just for online currency that we can use only for online services or buying online.. also if bitcoin will lucky use as points to use in malls and stores locally like brazil..

"If money was being invented now, it wouldn't be designed to look like cash or credit cards. It would look more like Bitcoin." Happy New year...
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July 22, 2016, 05:36:12 PM
 #233

Do you mean the fiduciary system printing money all day long? I don't think so.
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July 22, 2016, 06:29:25 PM
 #234

Do you mean the fiduciary system printing money all day long? I don't think so.
I don't believe in it at all - exactly because the reason you stated. But we have no way of escape from this flawed system.
People are so used to having convenient FIAT money around and it is so deep rooted in their mind that they don't care anymore.
This is one of reasons bitcoin and especially new economic system it represents has trouble to get to people.


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chaosknight
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July 22, 2016, 09:07:26 PM
 #235

Fiat currency is used in our daily life.We do transaction in fiat in our day to day life,we cannot survive without it.
So weather we believe in it or not we cannot survive via fiat currency.
But still i believe in fiat and its future also i dont think crypto-currecies can ever take its place no matter how popular it become.

I think fiat will always survive in long run as it holds maximum number of users and they are also used it as they are using it since long period of time.

Probably true. As long as you believe in your government you will believe in Fiat aswell. Still long road to go to get your pension paid out in BTCs instead of Fiat.
Getting pension in btc is never possible as government will never allow bitcoin to become a primary currency and not every company will start paying salary in bitcoins.
that's true government will not allowed the system not to be manipulated if bitcoin will stay like this government won't be allowed to do anything with it, so as long as the government is in control i believe fiat or main currency will dominate and we need to support it if we believe to whoever holding the power.
Yeah bitcoin is just for online currency that we can use only for online services or buying online.. also if bitcoin will lucky use as points to use in malls and stores locally like brazil..

It will take a long time for other countries to enter the foot steps like Brazil, and the governments of majority of countries are corrupted so they will never let it happen I guess.
ubitcoin
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July 23, 2016, 09:20:51 AM
 #236

I do hate fiat money but I still have to use it in my daily life. With all the yearly inflation rates fiat currencies have, mot of the world still use it and trust it

Inflation rates of fiat is almost not changing if you will based it on yearly basis.

I don't see any reason why you hate fiat since when you are born fiat dominates all the money transaction worldwide.

I guess everybody is still using Fiat these days so you can't really speak of hate, maybe more a dislike. Once you get your salary in BTCs and pay all bills in BTCs you could talk about hating Fiat =)

The inflation rate doesn't really show the change in the actual cost of living. In my opinion the inflation numbers are flawed due to the low energy prices.

Well that is really the real score. If all financial transactions can be supported by bitcoin then there's a reason now to hate fiat. But that won't happen.

And inflation is a normal economic thing so treating it as a factor to hate fiat isn't applicable technically.
If we look at it as commoners, we really do not feel the changes that are happening.
Even if we say that there are inflations happening, we do not really see it's effect since the cost of life's essentially needed things is not heavily affected. Bitcoin would give different changes in my perspective other than these, so there is no meaning in continuing to keep on believing in fiats.
davis196
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July 23, 2016, 11:45:11 AM
 #237

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


Money are not a religion.I don`t have to "believe" in them.

People don`t have a choice and use fiat money.It doesn`t matter if they like it or not.

By the way,what is a "property cycle"?
Doms
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July 23, 2016, 12:05:03 PM
 #238

Fiat has been around a long time and until nobody believes in it, then we are sure to have it around for a whole lot of long time still. All these talk about some cryptocurrency rplac8ng fiat seems like a long shot what with the many flaws still to be figured out. We just have to accept what is there right now and somehow hope that something better comes out maybe in the future.
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July 23, 2016, 12:26:34 PM
 #239

Why would I not believe in fiat? Of course I would believe in fiat, I was born into fiat and I do not see fiat disappearing even ten years down the line... no way!
Kewatia
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July 25, 2016, 10:19:08 AM
 #240

Why would I not believe in fiat? Of course I would believe in fiat, I was born into fiat and I do not see fiat disappearing even ten years down the line... no way!

That is right. For the being, the fiat is still the most popular. We are paid with fiat when we work for others.
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