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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
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December 11, 2016, 12:29:33 PM
 #721

I still believe in fiat of course because I use it in daily transactions such as buying and selling goods or products. Fiat is the primary currency now and then. It will not be replaced by other projects because it is easy to use. Even there will be new payment methods now and in the future, fiat would still exist.
Same with you i think everyone is still believing in fiat because of daily transactions like buying in the market. Bitcoins cant replace fiat but no one knows in future bitcoin would dissappear many years from now but hopefully not.

We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

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December 11, 2016, 01:04:37 PM
 #722

We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

People being somewhat forced to use fiat currencies around the world does not mean they are believing in it. I personally can't believe in something that is only going down in value, where banks and governments have you locked into their system, etc. I use it because it's a necessity, but not out of believe. That's why I am very thankful for the store of value feature that Bitcoin is offering me. For the first time I can fully avoid dealing with banks and governments and whatever other entity. That's a fantastic feeling. I am quite sure that the store of value feature will become Bitcoin's main selling point because of what I have mentioned.

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December 11, 2016, 01:12:04 PM
 #723

Maybe it is not a bad reason to don't believe in Fiat because Fiat money is the source of one country's success. Also whether you are rich or not we all depend on what currency is the government regulating in our country. Honestly Fiat currency is the one that can control the economy of one country, over printing of it can lead to price depreciation and inflation and vice versa, that is how strongly it can affect a country.

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December 11, 2016, 01:16:01 PM
 #724


We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

Both fiat and bitcoin has their own purpose. Bitcoin as a virtual currency  while fiat is used in our daily transaction offline.Still fiat is important as most people are not still connected or transacting online.


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December 11, 2016, 01:31:29 PM
 #725


We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

Both fiat and bitcoin has their own purpose. Bitcoin as a virtual currency  while fiat is used in our daily transaction offline.Still fiat is important as most people are not still connected or transacting online.
Fiat is very important to all of us even users of bitcoin, the fact is we cannot live without fiat but we can live without bitcoin. That is something we should put in our mind and we have to remain realistic in life despite of the great progress of bitcoin. Bitcoin will only be an alternative currency and will not replace fiat in the position.

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December 11, 2016, 01:41:11 PM
 #726


We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

Both fiat and bitcoin has their own purpose. Bitcoin as a virtual currency  while fiat is used in our daily transaction offline.Still fiat is important as most people are not still connected or transacting online.
Fiat is very important to all of us even users of bitcoin, the fact is we cannot live without fiat but we can live without bitcoin. That is something we should put in our mind and we have to remain realistic in life despite of the great progress of bitcoin. Bitcoin will only be an alternative currency and will not replace fiat in the position.

As time goes on, bitcoin will be used by more people. So if it becomes the major currency, people can use it instead of fiat.


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December 11, 2016, 01:50:28 PM
 #727


We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

Both fiat and bitcoin has their own purpose. Bitcoin as a virtual currency  while fiat is used in our daily transaction offline.Still fiat is important as most people are not still connected or transacting online.

With Bitcoin banks, the problem with offline Bitcoin transactions could be solved

Banks might issue Bitcoin certificates fully exchangeable by the bearer for real bitcoins. These certificates, which could be loosely called as paper bitcoins, might be used instead of paper fiat to make offline transactions. That would efficiently and effectively solve the problem of using bitcoins offline as long as the amount of paper bitcoins matches the amount of real bitcoins that the banks have in their wallets



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Igor M
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December 11, 2016, 02:09:46 PM
 #728


We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

Both fiat and bitcoin has their own purpose. Bitcoin as a virtual currency  while fiat is used in our daily transaction offline.Still fiat is important as most people are not still connected or transacting online.

With Bitcoin banks, the problem with offline Bitcoin transactions could be solved

Banks might issue Bitcoin certificates fully exchangeable by the bearer for real bitcoins. These certificates, which could be loosely called as paper bitcoins, might be used instead of paper fiat to make offline transactions. That would efficiently and effectively solve the problem of using bitcoins offline as long as the amount of paper bitcoins matches the amount of real bitcoins that the banks have in their wallets
I believe we`ll see soon the agony of traditional banking system. And also the agony of fiat money. Banks will be killed by p2p platforms such as Lending Club etc. And platforms like wavesplatform will provide to everyone the ability to issue his own crypto assets.
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December 11, 2016, 02:12:24 PM
 #729

Fiat to me is a dead way to make transactions for goods and services.
But the concept of is still viable. You just have to formulate it to work with bitcoin.
Such as using btc coins to transmit your purchases and transactions for instance.

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December 11, 2016, 02:21:31 PM
 #730

Fiat to me is a dead way to make transactions for goods and services.
But the concept of is still viable. You just have to formulate it to work with bitcoin.
Such as using btc coins to transmit your purchases and transactions for instance.

What do you mean by dead way? For me fiat is the most popular way of using to purchase everything we need because bitcoin is not yet worldwide accepted.

But if bitcoin will be accepted by almost all people in the world for sure no one will ever believed fiat and we will all shift into bitcoins or crypto currency.

And for the meanwhile let's just keep on supporting bitcoins and as well as fiat because we still need it.

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December 11, 2016, 06:56:33 PM
 #731


We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

Both fiat and bitcoin has their own purpose. Bitcoin as a virtual currency  while fiat is used in our daily transaction offline.Still fiat is important as most people are not still connected or transacting online.

With Bitcoin banks, the problem with offline Bitcoin transactions could be solved

Banks might issue Bitcoin certificates fully exchangeable by the bearer for real bitcoins. These certificates, which could be loosely called as paper bitcoins, might be used instead of paper fiat to make offline transactions. That would efficiently and effectively solve the problem of using bitcoins offline as long as the amount of paper bitcoins matches the amount of real bitcoins that the banks have in their wallets
I believe we`ll see soon the agony of traditional banking system. And also the agony of fiat money. Banks will be killed by p2p platforms such as Lending Club etc. And platforms like wavesplatform will provide to everyone the ability to issue his own crypto assets.

I don't think that banks will be killed by p2p platforms. Banks will remain forever as the government told so, and not just because of the good system of p2p is making the people convenient and save a lot of money. Still we are not the ones who will decide if this is going to stay. Even if all of us will shift to p2p still fiat and banking system will remain.
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December 11, 2016, 07:55:19 PM
 #732

I do not believe in fiat. Almost all of my savings I keep in cryptocurrency. When I need a Fiat, I convert the required amount
Those people who know the importance of bitcoin they are investing their all possible resources into bitcoins, they use bitcoin for dual purposes, one as investment and second as currency, as bitcoin is a universal currency having same value everywhere therefore it is more convenient to use as compare to fiat currency when you are traveling across countries.
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December 11, 2016, 09:00:56 PM
 #733

For as long as the popularity of Bitcoin is not that know to many people, so fiat currency is still very much in use because that is what you or we use in purchase of our day to day needs and also use in paying utility bills because most people believe in physical cash and as you know Bitcoin is digital currency for this reason i still believe in fiat and what ever you ear from bitcoin must be converted real currency.
Yes that is a fact that the number of bitcoin users are not as good, as majority of people do not know about bitcoin. That is the reason there are not sufficient bitcoin acceptance which leads people are still believing into fiats. When bitcoin user base grows, and bitcoin will be accepted everywhere people will forget fiats.

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December 11, 2016, 09:10:27 PM
 #734

For as long as the popularity of Bitcoin is not that know to many people, so fiat currency is still very much in use because that is what you or we use in purchase of our day to day needs and also use in paying utility bills because most people believe in physical cash and as you know Bitcoin is digital currency for this reason i still believe in fiat and what ever you ear from bitcoin must be converted real currency.
Yes that is a fact that the number of bitcoin users are not as good, as majority of people do not know about bitcoin. That is the reason there are not sufficient bitcoin acceptance which leads people are still believing into fiats. When bitcoin user base grows, and bitcoin will be accepted everywhere people will forget fiats.

I think it will never be forgotten. As for me I based the value of bitcoin in our fiat, in every transaction or services I did I always do a conversion on what it will be on our currency . Though I'm always hoping that btc can be on used on purchasing everyday needs and can be use anywhere for a hassle free transactions.

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December 11, 2016, 09:11:57 PM
 #735

I don't believe in centralized institutions, and centralized institutions are those who control fiat currencies. People do not understand that governments can print money at the rate they think it's necessary, this makes many people see their own money lose value over time.
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December 11, 2016, 09:13:26 PM
 #736

I still believe in fiat of course because I use it in daily transactions such as buying and selling goods or products. Fiat is the primary currency now and then. It will not be replaced by other projects because it is easy to use. Even there will be new payment methods now and in the future, fiat would still exist.
Same with you i think everyone is still believing in fiat because of daily transactions like buying in the market. Bitcoins cant replace fiat but no one knows in future bitcoin would dissappear many years from now but hopefully not.
Yes fiat is a primary and governments supported currency but with that we cannot say that bitcoin can disappear any time in the future because bitcoin is in the control of those people who have their money in it so they will not want to harm or disappear their bitcoin and their money.
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December 11, 2016, 11:31:18 PM
 #737

I do. how can I disbelieve fiat while it is kind of money used in my country? bitcoin is not legal and used by a few people only. so I cannot change fiat I got with bitcoin. that's why I still believe in fiat because I have to. I find no other way.
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December 12, 2016, 05:56:30 PM
 #738

Fiat Currency will never disappear  but its usability will reduce with time because Bitcoin and the other crypto currencies, are growing fast and will conquer the world soon. The technology is useful and will be used going forward but fiat will certainly be still be there as btc is not used by every country as of now.

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December 12, 2016, 06:05:06 PM
 #739

I still believe in fiat of course because I use it in daily transactions such as buying and selling goods or products. Fiat is the primary currency now and then. It will not be replaced by other projects because it is easy to use. Even there will be new payment methods now and in the future, fiat would still exist.
Same with you i think everyone is still believing in fiat because of daily transactions like buying in the market. Bitcoins cant replace fiat but no one knows in future bitcoin would dissappear many years from now but hopefully not.

We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

I agree fiat had been around for centuries, and it is still used in daily lives.  It is backed up by our government and government testify that it is real and has value.  Even if bitcoin is higher in price value, we can't deny the fact that bitcoin will never replace fiat .  Because the government will never allow it.
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December 12, 2016, 06:53:02 PM
 #740

I still believe in fiat of course because I use it in daily transactions such as buying and selling goods or products. Fiat is the primary currency now and then. It will not be replaced by other projects because it is easy to use. Even there will be new payment methods now and in the future, fiat would still exist.
Same with you i think everyone is still believing in fiat because of daily transactions like buying in the market. Bitcoins cant replace fiat but no one knows in future bitcoin would dissappear many years from now but hopefully not.

We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

I agree fiat had been around for centuries, and it is still used in daily lives.  It is backed up by our government and government testify that it is real and has value.  Even if bitcoin is higher in price value, we can't deny the fact that bitcoin will never replace fiat .  Because the government will never allow it.

I'm using fiat everyday in my life too, but it doesn't mean I believe on fiat.
Don't you see how the value of fiat constantly decrease from time to time? 10 years ago, I used to bought 15 pencils with $1 but now only 3-5 pencils I could get with same amount of money. Moreover, if government screw up and economics/financial occurs then inflation make fiat value continue to decline significantly like what happens in Venezuela right now, do you still believe in fiat?
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