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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
Oralmat
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May 24, 2016, 11:03:28 AM
 #41

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


I m always surprise when people say that they don't believe in fiat. i m asking how can it is possible? if we image that our world is not using the fiat currency, so how can we buy anything, i think we are talking about that time when the earth became start. in that time no currency here only people exchange the things with each other and in this way they were living. so if we not believe in fiat so it seem like we are living in the past.   
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May 24, 2016, 11:14:36 AM
 #42

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


I m always surprise when people say that they don't believe in fiat. i m asking how can it is possible? if we image that our world is not using the fiat currency, so how can we buy anything, i think we are talking about that time when the earth became start. in that time no currency here only people exchange the things with each other and in this way they were living. so if we not believe in fiat so it seem like we are living in the past.   

Yeah and fiat is the most popular currency and it has maximum number of users since its inception, and even bitcoin gets on the mainstream fiat will always be in demand.
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May 24, 2016, 12:35:23 PM
 #43

Yeah and fiat is the most popular currency and it has maximum number of users since its inception, and even bitcoin gets on the mainstream fiat will always be in demand.

Sorry, but what you say is pretty inaccurate. Fiat (= money without collateral) is a pretty new invention. Before fiat, money was in the form of precious metal coins. The advent of fiat money was effectively a coup d'état, forced upon people after failure in economic policy. There absolutely no reason to believe that fiat will always be in demand if there is a better alternative.

Actually there have been times in the recent history (hyperinflation) when nobody was eager to accept fiat money.

ya.ya.yo!
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May 24, 2016, 12:38:47 PM
 #44

Fiat is an actuality, it is the life-blood of modern civilization, for all its shortcomings it's still what got us to where we are. Obviously it does work even though it's not perfect. Joking aside, I'd be curious to hear your theory of a better alternative.
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May 24, 2016, 12:43:47 PM
 #45

Yeah and fiat is the most popular currency and it has maximum number of users since its inception, and even bitcoin gets on the mainstream fiat will always be in demand.

Sorry, but what you say is pretty inaccurate. Fiat (= money without collateral) is a pretty new invention.

"Fiat money originated in 11th century China,[11] and its use became widespread during the Yuan and Ming dynasties.[12]"--Wikipedia.

So roughly 1,000 years. Definitely newer than fire tho, it's all relative.
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May 24, 2016, 12:55:31 PM
 #46

Bitcoinpro, is this you on the photo, lol?



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May 24, 2016, 04:05:49 PM
 #47

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


The answer is not obvious! It is true that I don't have a uber high paying job, but I get paid handsomely by my company which is one of the biggest consulting firms in the world.

Fiat is the present and is the future as well. Bitcoin is just filling up some gap and nothing else.

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May 24, 2016, 04:09:54 PM
 #48

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


The answer is not obvious! It is true that I don't have a uber high paying job, but I get paid handsomely by my company which is one of the biggest consulting firms in the world.

Fiat is the present and is the future as well. Bitcoin is just filling up some gap and nothing else.

Yeah fiat is our primary source of income and it will also be our primary currency, bitcoin will always be used as an secondary currency which can take care of basic expenses.
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May 24, 2016, 10:56:33 PM
 #49

I lost my faith in fiat over a decade ago, but i never knew about bitcoin until 2013

the fact that we have a choice to opt out of the fiat scam makes me believe even less in fiat.

Fiat will likely soon get into a downward spiral.

Those who never believed in fiat but didn't know about alternatives either already invested in bitcoin or will flee fiat for bitcoin as soon as they learn about it. Leading fiat to go down in value, causing more people to lose trust and therefore exit the system and fiat losing value even more.

This process is an unstable process that will accelerate and reinforce itself.
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May 25, 2016, 02:43:05 AM
 #50

Why i should not? I am not expecting something impossible from fiat, just using it just like bitcoin. So i think that i am still beliving in fiat  Grin

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June 13, 2016, 01:10:11 AM
 #51

I still believe in Fiat. Because of fiat I can buy my daily needs no problem. I also believe in Bitcoin too but I always trade them to fiat so that I have something to spend for my daily needs.  Grin
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June 13, 2016, 09:13:11 AM
 #52

Lol wat??

You don't have to believe in fiat, it exists and it works for day to day transactions.  Don't know about its future.

The history of fiat money, to put it kindly, has been one of failure. In fact, EVERY fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of not only the currency, but of the economy that housed the fiat currency as well.
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June 13, 2016, 10:51:40 AM
 #53

I definitely lost faith in fiat a few years ago, simply because I learned that the government was using it as a tool to manipulate the economy. The US is running into debt more and more to import more from its trading partners.

This will not sustain, and fiat will collapse.

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June 13, 2016, 11:04:01 AM
 #54

I definitely lost faith in fiat a few years ago, simply because I learned that the government was using it as a tool to manipulate the economy. The US is running into debt more and more to import more from its trading partners.

This will not sustain, and fiat will collapse.

i think governments will simply keep creating billions of new money to keep delaying their eventual collapse. this will only add more pressure on the already weakening value of fiat currencies around the world. i am glad i took precautions by converting 25% of my € savings into $ when €1 was still worth around $1.35 back then. i kept waiting till the bitcoin price crashed significantly, and that happened in 2015, and i used all that fiat to buy bitcoin. very smart move.
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June 13, 2016, 11:33:47 AM
 #55

Of course, yes.

USD is the most popular currency worldwide and used as world reserve. EURO is almost as popular as USD and used widely around the world. Bitcoin has a fraction of their popularity. Bitcoin is just a pump-dump-cutthroat. Nothing more. That is exactly what bitcoin is.



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Ayers
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June 13, 2016, 11:34:58 AM
 #56

no, because they are all corrupted, i prefer not controlled currency like bitcoin, i'm all for bitcoin now, fiat can die in hell for me especially usd and euro, bad currency
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June 13, 2016, 12:16:18 PM
 #57

no, because they are all corrupted, i prefer not controlled currency like bitcoin, i'm all for bitcoin now, fiat can die in hell for me especially usd and euro, bad currency

Governments are corrupted and not the currencies, and you can expect that bitcoin will be used and accepted everywhere, fiat will always be in demand.
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June 13, 2016, 12:24:12 PM
 #58

It is not about believes,problem is that fiat money is over manipulated and backed by derivatives,it is much more riksy than btc,who now have a trust in central banks ,not so many
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June 13, 2016, 12:33:42 PM
 #59

It is not about believes,problem is that fiat money is over manipulated and backed by derivatives,it is much more riksy than btc,who now have a trust in central banks ,not so many

Its risky but it is also most trusted currency as the customer base of fiat is huge and it is used and accepted everywhere and that makes is more popular in compare to bitcoin.
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June 13, 2016, 01:10:37 PM
 #60

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


I m always surprise when people say that they don't believe in fiat. i m asking how can it is possible? if we image that our world is not using the fiat currency, so how can we buy anything, i think we are talking about that time when the earth became start. in that time no currency here only people exchange the things with each other and in this way they were living. so if we not believe in fiat so it seem like we are living in the past.   
Yes, fiat is of the primitive form of civilization but I think the guys who do not believe in money, in fact are people who does not have it and criticize current world.

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