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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
lionheart78
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December 12, 2016, 06:57:16 PM
 #741

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?

Lol the fact that you are using it defines it all, you may not have faith in it but you believe in it.  because once you don't believe on something you will stop using it.  Applies to all things like cooking oil, soap, brand of toothbrush etc.  It does not matter if fiat money is increasing or decreasing and actually you don't need to explain anything, action is better than word so they say  Smiley
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December 12, 2016, 08:14:42 PM
 #742

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin
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December 13, 2016, 04:33:38 AM
 #743

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin
You can't say that, we are all using fiat so definitely we believe in it as well. We cannot live without fiat as it's a necessity so be realistic man.

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December 13, 2016, 02:24:55 PM
 #744

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin
And to keep all of your money in bitcoins is not dangerous?
It's even more dangerous, cause if you keep your money in the bank and in the case of it's grabbing the government/police will bring your money back or at least part of it. But holding your money on the intervener and in the case of hacking - nobody will bring you money.

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coynedterm
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December 13, 2016, 03:10:50 PM
 #745

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

In actual I am not trusting fiat because I got deceived by many fiat .
I bought some fiat at price of 1satoshi but the price of that fiat never became high and  I find a news that now , no one owner of that particular currency .
So I think we can trust much for Bitcoin but in fiat we should careful before making trade .

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December 13, 2016, 03:25:52 PM
 #746

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin
You can't say that, we are all using fiat so definitely we believe in it as well. We cannot live without fiat as it's a necessity so be realistic man.
We are all using FIAT because the government force us to do so. Our life dependents on government and we can not do anything else. You must accept the reality that the government controls us. You can not go to the supermarket and buy an item with gold. Laws do not accept that. Bitcoin is different. Bitcoin is the key leading us to freedom, to the life where there aren't any government and we do not depend on them anymore

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December 13, 2016, 04:07:15 PM
 #747

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin
Why or why should not? Fiat is we all need when we are converting our bitcoin to use into a physical things fiat is really unprofitable because it by choice if people choose fiat to exchange there bitcoins to cover up our expenses in daily why don't you believe fiat? And i know you are using fiat.

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December 13, 2016, 05:10:39 PM
 #748

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin

Make me laugh dude.
Do you know what is FIAT?

You cannot live without that in your country, it is necessity in life, you cannot buy stuff and foods in just bticoin,
we use bitcoin to be converted to fiat one to buy things we need.

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December 13, 2016, 05:33:31 PM
 #749

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin

Make me laugh dude.
Do you know what is FIAT?

You cannot live without that in your country, it is necessity in life, you cannot buy stuff and foods in just bticoin,
we use bitcoin to be converted to fiat one to buy things we need.

But he is right, depending the country it's unprofitable to have all the money in fiat. The inflation and the taxes are eating each little part of your fiat. Unfortunelly we can't abandon fiat to use only bitcoin and another crypto currencies, but if it would be possible I'd use only bitcoins to live. The food would be cheaper, stuff would be cheaper and more accessible to all.

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December 14, 2016, 02:13:44 AM
 #750

No I don't believe, and I believe much less in the currency of my country... this is the interesting point because the cause of my 'dislike' is the lack of responsability from the goverment and instead of asking for the removal of government and for a 'free market', people are always pointing the responsible and finding the soluciton in the same figure, and that's totally nonsense. That's why I don't believe in fiat money and I believe tightly in Bitcoin.


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December 14, 2016, 03:04:24 AM
 #751

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin

Make me laugh dude.
Do you know what is FIAT?

You cannot live without that in your country, it is necessity in life, you cannot buy stuff and foods in just bticoin,
we use bitcoin to be converted to fiat one to buy things we need.
yes we will still need fiat at least for now, bitcoin need a mass adoption to equilibrate with fiat and it is not easy, not in the near future. bitcoin might projected as the future of money but considering there is slow progress id oubt we can make it soon.

so believe or not you will need fiat more than you need bitcoin, it is the fact.



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JANGKRIK BOSS
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December 14, 2016, 04:05:35 AM
 #752

With the presence of the fiat money certainly provide security guarantees and commodity prices, the role of the State is certainly much needed to fight inflation and the speculators. So, we very still believe in fiat.
xypos
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December 14, 2016, 04:14:27 AM
 #753

Never believed in fiat and never will change my opinion about fiat. Fiat is just worthless pieces of paper and it won't ever change. Fiat by definition is the currencies that are backed by nothing, except for the trust in government.

Sooner or later, fiat will collapse. Why would you trust something that is used as a tool against you, to implement a secret tax where the government can just print more money and not tell you about it, thus taxing your existing savings? Roll Eyes














 

 

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The_prodigy
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December 14, 2016, 07:09:23 AM
 #754

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin
Fiat is we all need and i know that we all are using fiat when we are using bitcoin where you use your bitcoin when you don't use fiat? Are you not withdrawing your bitcoin? If don't believe in fiat then don't use it .

funkenstein
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December 14, 2016, 07:19:30 AM
 #755

With the presence of the fiat money certainly provide security guarantees and commodity prices, the role of the State is certainly much needed to fight inflation and the speculators. So, we very still believe in fiat.

LoL!  Nice joke, funniest thing in a while Smiley 

We very much need counterfeiters to ..  help maintain value of our currency!  Haha

"Give me control over a coin's checkpoints and I care not who mines its blocks."
http://vtscc.org  http://woodcoin.info
agamasrori
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December 15, 2016, 06:07:22 AM
 #756

With the presence of the fiat money certainly provide security guarantees and commodity prices, the role of the State is certainly much needed to fight inflation and the speculators. So, we very still believe in fiat.

LoL!  Nice joke, funniest thing in a while Smiley 

We very much need counterfeiters to ..  help maintain value of our currency!  Haha
Fiat really counterfeiter able but bitcoin is not. I am not believe in fiat can survive anymore after I knew so many weakness if we still use fiat/paper money and so many people were looking for alternative too. Thats why I believe in gold and bitcoin right now.


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GregH37
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December 15, 2016, 06:15:20 AM
 #757

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin
You can't say that you don't believe in fiat just because it's hard to save that. If you can't save your money it's your fault. Not a fault of that currency..
And you can't deny this you are not using fiat and only using Bitcoin. Because it is still not possible to live with only Bitcoin.

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December 15, 2016, 06:37:40 AM
 #758

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin
You can't say that you don't believe in fiat just because it's hard to save that. If you can't save your money it's your fault. Not a fault of that currency..
And you can't deny this you are not using fiat and only using Bitcoin. Because it is still not possible to live with only Bitcoin.


That's true, right now living only with bitcoin is not at all possible, because the acceptance and bitcoin users were very low compared to the fiat usage. The problem is not with the fiat but his money management, which is not perfect.

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December 15, 2016, 10:48:16 AM
 #759

I am increasingly pessimistic that fiat money is beneficial for many people, in fact the Government does not need too much set about state financial, let the market decide.


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December 15, 2016, 11:29:29 AM
 #760

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin
You can't say that you don't believe in fiat just because it's hard to save that. If you can't save your money it's your fault. Not a fault of that currency..
And you can't deny this you are not using fiat and only using Bitcoin. Because it is still not possible to live with only Bitcoin.


That's true, right now living only with bitcoin is not at all possible, because the acceptance and bitcoin users were very low compared to the fiat usage. The problem is not with the fiat but his money management, which is not perfect.
You got that right dude. As for now, fiat would still be the main unit of currency that people use whether we agree to it or not. Also, who said that bitcoin is also not prone to inflation? It's good that we have savings through bitcoin but definitely we can't live in today's world without fiat. Not yet that is.

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