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Author Topic: Do you Still believe in Fiat?  (Read 74818 times)
error08
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November 17, 2016, 03:05:58 PM
 #581

I strongly  believe on fiat  no matter what  because we are dependent on  it  on  daily basis and we cant survive  if  theres  no fiat after all.  Bitcoin is  a  digital currency and  even  though how  bitcoin would   be succesful there  no  chance that  it  would replace fiat anytime soon.  I strongly believe  on fiat.
Yes, I myself will continue to trust fiat. Because fiat virtually impossible to eliminate. I believe bitcoin will be successful but will not affect fiat because bitcoin will only be successful in the digital currency. Fiat will continue to be used because I think it is too perfect to use in reality and the identity of the country's economy.
We don't have any option yet to meet daily needs without using fiat, it's legal and official payment that everyone used in every country.
During the process of bitcoin become an acceptable payment in every section of our life, we have to use fiat doesn't mean I really trust it as the value constantly decline due to inflation.
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November 17, 2016, 04:37:58 PM
 #582

Crypto will definitely replace fiat 20 -30 years from now. I am not saying this because I want to make profit, I've been observing the trends.

Wow that's a good observation. Yeah it may take these years to replace it.. but before it happens definitely bitcoins should be introduced worldwide and all people in the world should be using cryptocurrency including people who are located in remote areas such as mountains or islands.. that is why it's really hard to tell if this is going to happen because it will take a lot of work.

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anavuajna
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November 17, 2016, 04:40:41 PM
 #583

I strongly  believe on fiat  no matter what  because we are dependent on  it  on  daily basis and we cant survive  if  theres  no fiat after all.  Bitcoin is  a  digital currency and  even  though how  bitcoin would   be succesful there  no  chance that  it  would replace fiat anytime soon.  I strongly believe  on fiat.
Yes, I myself will continue to trust fiat. Because fiat virtually impossible to eliminate. I believe bitcoin will be successful but will not affect fiat because bitcoin will only be successful in the digital currency. Fiat will continue to be used because I think it is too perfect to use in reality and the identity of the country's economy.
We don't have any option yet to meet daily needs without using fiat, it's legal and official payment that everyone used in every country.
During the process of bitcoin become an acceptable payment in every section of our life, we have to use fiat doesn't mean I really trust it as the value constantly decline due to inflation.

I believe in fiat. Though I do not like the fact that it is impaired and kogtroliruetsya from the government. But at the moment, life without it is impossible. That is why we have to use a centralized currency
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November 17, 2016, 06:57:53 PM
 #584

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish.
It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it.

I don't really agree that fiat is not as valuable as bitcoin. With how people depend on fiat, right now it's value is not on the same level as bitcoin or any crypto. Fiat is a necessity and is being used pretty much by all as not everyone can have access to crypto

Fiat is more valuable than bitcoin. Always look from where you came from.
Exactly, very short statement but true. Fiat is something that we are using in a daily basis and although bitcoin is now getting popular but as not as popular as fiat. Bitcoin will not survive without fiat for sure.

Fiat won't get out of usage, even when bitcoin or other digital currencies get more popularized. Fiat is the basic for all the financial structure. It has relation to most other networks and gets used at some corner of the world even if the entire world gets into the digital trend.

 Yes, undeed true!fiat will continouesly use by all people. Fiat is a currency that the government establish it regulation and law. What if we are all using digital money, although it has low cost of fee, still there was a disavantages of using digital money. Fiat will never be replaced because almost all people are using fiat so how can it be replaced?
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November 17, 2016, 07:30:40 PM
 #585

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish.
It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it.

I don't really agree that fiat is not as valuable as bitcoin. With how people depend on fiat, right now it's value is not on the same level as bitcoin or any crypto. Fiat is a necessity and is being used pretty much by all as not everyone can have access to crypto
yes to me also fiat still not lost its value, as still majority of the people are still using fiat as 1% of people still do not know about bitcoin, therefore fiat still cannot lose its importance.
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November 18, 2016, 04:24:05 AM
 #586

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish.
It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it.

I don't really agree that fiat is not as valuable as bitcoin. With how people depend on fiat, right now it's value is not on the same level as bitcoin or any crypto. Fiat is a necessity and is being used pretty much by all as not everyone can have access to crypto
yes to me also fiat still not lost its value, as still majority of the people are still using fiat as 1% of people still do not know about bitcoin, therefore fiat still cannot lose its importance.
Exactly, majority of the people are still using fiat and even the whales in bitcoin are still using it. Bitcoin is just something we can use for online transaction but if you try to see the big picture, it will not exist without fiat. When fiat is down, it's affected.

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November 19, 2016, 05:58:10 PM
 #587

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish.
It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it.

I don't really agree that fiat is not as valuable as bitcoin. With how people depend on fiat, right now it's value is not on the same level as bitcoin or any crypto. Fiat is a necessity and is being used pretty much by all as not everyone can have access to crypto
yes to me also fiat still not lost its value, as still majority of the people are still using fiat as 1% of people still do not know about bitcoin, therefore fiat still cannot lose its importance.
Exactly, majority of the people are still using fiat and even the whales in bitcoin are still using it. Bitcoin is just something we can use for online transaction but if you try to see the big picture, it will not exist without fiat. When fiat is down, it's affected.

The bitcoin transaction speed is too slow now. Not many people will use it in daily transactions in the near future.
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November 19, 2016, 07:38:47 PM
 #588

Unfortunately we stil can't rely just on Bitcoins. Fiat is stil the full part of our lifes, we get paycheks in fiat so we have to beleive in it. Maybe things will change with the time and fiat money will not be so important. But this is stil distant future.

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November 20, 2016, 01:34:08 AM
 #589

Unfortunately we stil can't rely just on Bitcoins. Fiat is stil the full part of our lifes, we get paycheks in fiat so we have to beleive in it. Maybe things will change with the time and fiat money will not be so important. But this is stil distant future.
That's true, we cannot live without fiat. We maybe have millions of value in bitcoin but our daily life to survive requires us to  use fiat.

Why not have the two, instead.


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November 20, 2016, 08:33:29 AM
 #590

Unfortunately we stil can't rely just on Bitcoins. Fiat is stil the full part of our lifes, we get paycheks in fiat so we have to beleive in it. Maybe things will change with the time and fiat money will not be so important. But this is stil distant future.
in fact in most of the area bitcoin is still not so much popular and specially in those areas and specially the shopkeepers have do not have knowledge about bitcoin as in my area most of the shopkeepers are illiterate and they do not have sound knowledge about computer and internet therefore they are not ready to accept bitcoin from the customers for shopping.

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November 20, 2016, 08:56:16 AM
 #591

For developed countries not many people believe, but it is not the poor countries ... fiat will always be alive because poor countries who are not accustomed to using digital money for payment.
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November 20, 2016, 09:15:04 AM
 #592

As a matter of ideal, I doubt very many people "believe" in fiat but as a matter of practical principle we all need money to survive. Hell we even need fiat to get involved in crypto.

So like it or not, believer or unbeliever, we all hold on to fiat because it lets us live.

Besides, how many of us would truly choose to abandon fiat and descend into financial anarchy as a revolution before establishing whatever new order we think is fit?

Only the desperate would and we are too far removed from desperation as we are discussing this on forum haha.

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November 20, 2016, 09:19:31 AM
 #593

In India, Fiat is getting much much more unpredictable compared to bitcoins. So, I think bitcoins would be a smart choice, but the problem is that none of the places here in India accept bitcoin, so I really have to go with Fiat. But, actually, to answer the question by OP, no, I dont trust fiat much anymore cause fiat is getting faked more and more faster. I think bitcoin is much more secure with all those protocols and 2FA.

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November 20, 2016, 09:53:28 AM
 #594

In India, Fiat is getting much much more unpredictable compared to bitcoins. So, I think bitcoins would be a smart choice, but the problem is that none of the places here in India accept bitcoin, so I really have to go with Fiat. But, actually, to answer the question by OP, no, I dont trust fiat much anymore cause fiat is getting faked more and more faster. I think bitcoin is much more secure with all those protocols and 2FA.

The condition is very poor in India as far as bitcoin is concerned. We are living on fiat literally since ages. Maximum people here are below poverty line and not much of the entire cross-section of people do know about internet let alone bitcoin. I have heard some states accepting bitcoin along with some e-commerce sites and online stores. But does not help since we need to buy our daily necessities with bitcoin which is far from the reality.

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November 20, 2016, 10:08:12 AM
 #595

In India, Fiat is getting much much more unpredictable compared to bitcoins. So, I think bitcoins would be a smart choice, but the problem is that none of the places here in India accept bitcoin, so I really have to go with Fiat. But, actually, to answer the question by OP, no, I dont trust fiat much anymore cause fiat is getting faked more and more faster. I think bitcoin is much more secure with all those protocols and 2FA.

The condition is very poor in India as far as bitcoin is concerned. We are living on fiat literally since ages. Maximum people here are below poverty line and not much of the entire cross-section of people do know about internet let alone bitcoin. I have heard some states accepting bitcoin along with some e-commerce sites and online stores. But does not help since we need to buy our daily necessities with bitcoin which is far from the reality.

Yes, I think a state or two have started, but it isnt close to real monetization with bitcoin yet. That would take a long time to educate all the Indians about something such as a decentralized crypt-currency like bitcoin. Now the situation in India is pretty volatile, all these banning of Fiat notes and all, and already fakes for the new fiat note have come up.

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November 20, 2016, 10:20:31 AM
 #596

Crypto will definitely replace fiat 20 -30 years from now. I am not saying this because I want to make profit, I've been observing the trends.

It is for sure that monetary system in future will be replaced by the digital system as we can see these days technology is getting developed every year so that is for sure, we it is not assured that bitcoin will be that digital system, it can be any other system generated by the government, or maybe bitcoin, but it is unpredictable.


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November 20, 2016, 01:07:33 PM
 #597

Crypto will definitely replace fiat 20 -30 years from now. I am not saying this because I want to make profit, I've been observing the trends.

very imposible is crypto coin can replace real money fiat money(USD)
fiat money is accepted in the wold , crypcto coin only accepted in online system, cryptco coin only digital curency not real curency
very dificult crypto coin to use real life without exchange to fiat money

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November 20, 2016, 01:33:57 PM
 #598

Crypto will definitely replace fiat 20 -30 years from now. I am not saying this because I want to make profit, I've been observing the trends.

very imposible is crypto coin can replace real money fiat money(USD)
fiat money is accepted in the wold , crypcto coin only accepted in online system, cryptco coin only digital curency not real curency
very dificult crypto coin to use real life without exchange to fiat money
We all have freedom to predict we do not know what will happen in the future but one thing i know that fiat will exist even bitcoin would be more popular because bitcoin is decentralized currency which is only used in online transaction
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November 20, 2016, 04:29:53 PM
 #599

Crypto will definitely replace fiat 20 -30 years from now. I am not saying this because I want to make profit, I've been observing the trends.

It is for sure that monetary system in future will be replaced by the digital system as we can see these days technology is getting developed every year so that is for sure, we it is not assured that bitcoin will be that digital system, it can be any other system generated by the government, or maybe bitcoin, but it is unpredictable.

That is very possible to happen and as the technology is getting faster each day. New inventions are always being built everyday.

The demand of people for transactions will become higher and we will expect more for the innovation of it and it can be cashless society.

Only the implementation will be needed for it and that is not yet happening so I will still believe in fiat for it is legit, accepted and most preferred by the people.

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November 23, 2016, 02:55:32 AM
 #600

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

Use fiat is obviously make us suffer financial lost. More longer we hold it the value will more decrease. Its better if we use money that the value is never decrease like bitcoin or gold or silver. There is a prediction that all people of the world will leave paper money becouse it is worthless, it doesnt have intrinsict value, its just a paper. Governvent is give it the vaue. If Governvent  loss the power I think paper money will loss the value too.

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