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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
raja2sumi
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December 16, 2016, 03:31:44 PM
 #761

Well well u are right too some extend .but when u come to india u will see people who only understands only fiat and nothing else .what will they do? Would u make them understand .u just cant make them understand u have to work hard a lot to make them understand .well fiat is also necessary to some extend.

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December 16, 2016, 05:05:30 PM
 #762

Well well u are right too some extend .but when u come to india u will see people who only understands only fiat and nothing else .what will they do? Would u make them understand .u just cant make them understand u have to work hard a lot to make them understand .well fiat is also necessary to some extend.

Of course fiat is necessary, not just in India but everywhere in the world, because bitcoin is not yet a currency that can be used for doing anything in any corner of the world, so we don't have any other choice right now but to believe in fiat as we have to live as well and fiat helps us do that.
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December 16, 2016, 05:12:45 PM
 #763

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.

Definitely!  Just imagine a scenario where you don't have any fiat money, and just bitcoin and you are in the middle of an area without a bank.  Can you buy your food with your bitcoin if the people around you have no knowledge  about bitcoin?  It is kinda sad but it is the fact.  No matter how good or how expensive bitcoin compare to the local currency, you cannot buy anything if the merchant does not know what bitcoin is.
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December 16, 2016, 06:57:54 PM
Last edit: December 16, 2016, 10:10:46 PM by deisik
 #764

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.

Definitely!  Just imagine a scenario where you don't have any fiat money, and just bitcoin and you are in the middle of an area without a bank.  Can you buy your food with your bitcoin if the people around you have no knowledge  about bitcoin?  It is kinda sad but it is the fact.  No matter how good or how expensive bitcoin compare to the local currency, you cannot buy anything if the merchant does not know what bitcoin is.

But this scarcely has anything to do with Bitcoin as such

What you said is equally applicable to any other foreign currency (perhaps, to a lesser degree in respect to such currencies as the US dollar or Euro, but still). I don't think that you would fare much better with the Russian ruble than with Bitcoin in some backward corner somewhere amidst, say, Oklahoma or Wyoming. In fact, with bitcoins you might fare a lot better there (provided you manage to get access to Internet, of course)



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December 17, 2016, 06:57:31 AM
 #765

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 not? How do you buy things in real life? How do you make transaction with real people?
Don't you buy stuff? We do have different fiat currencies.

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December 17, 2016, 07:42:42 AM
 #766


u would hate Fiat to the  core!



I think it is not all about I hate fiat or not. I don't like fiat, honestly speaking, but I still cannot stop using fiat.

We don't have a better choice which is also widely accepted by most people.
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December 17, 2016, 08:11:47 AM
 #767


u would hate Fiat to the  core!



I think it is not all about I hate fiat or not. I don't like fiat, honestly speaking, but I still cannot stop using fiat.

We don't have a better choice which is also widely accepted by most people.

I wouldn't say that I hate Fiat but it is really nothing. It is just an agreement between people that it holds value. The way nation states Governments are leveraged is disgusting. The US is in the hole for over 19 Trillion dollars. That doesn't include state & local gov't debt which adds 3 TRILLION. So 22 Trillion but by the end of 2017 it is said that the debt will be a staggering 23 Trillon dollars.

Yeah, Bitcoin looks pretty fucking good to me right now.


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December 17, 2016, 08:17:42 AM
 #768


u would hate Fiat to the  core!



I think it is not all about I hate fiat or not. I don't like fiat, honestly speaking, but I still cannot stop using fiat.

We don't have a better choice which is also widely accepted by most people.

The first part is very true. Right now there are a lot of fiat haters, but really if you go to your local grocer and buy something with an alternative currency, they would call you a fraud. A scammer. A person who isn't able to give "legitimate" or "real" currency.

However there is a better alternative, bitcoin. Thus why there are a lot of bitcoin enthusiasts on here.

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December 17, 2016, 08:19:56 AM
 #769

Why would I hate fiat? Money is money. As long as it still has value, as long as I can use it to pay for things I need, then I'd believe in it. Just because I also use bitcoin doesn't mean I have no use for fiat anymore.
They both got their own uses and value. And both has it's own pros and cons as well.


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December 17, 2016, 11:15:35 AM
 #770

Why would I hate fiat? Money is money. As long as it still has value, as long as I can use it to pay for things I need, then I'd believe in it. Just because I also use bitcoin doesn't mean I have no use for fiat anymore.
They both got their own uses and value. And both has it's own pros and cons as well.

Agreed, as the saying goes, when money talks, bullshit walks

On the other hand, though, people who say that they hate fiat usually refer to governments issuing that fiat. Really, fiat is only a tool, so does it make any sense to hate a hammer even if you just smashed your finger with it? People hate governments because they steal wealth from them with the help of fiat money by constantly depreciating it. When you see prices constantly rising in a grocery shop behind the corner, you can't help hating all these criminals in the government, and I'm dead serious



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tabas
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December 17, 2016, 11:24:39 AM
 #771

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 not? How do you buy things in real life? How do you make transaction with real people?
Don't you buy stuff? We do have different fiat currencies.


Haha very funny when people says about fiat's inflation and everything that is not good for them. We have no choice but to force ourselves to believe in fiat because even there is bitcoin, in most of the country we live the only medium that we need to use for purchasing everything we need is with fiat money only.



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warwar
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December 17, 2016, 11:42:17 AM
 #772

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.

Definitely!  Just imagine a scenario where you don't have any fiat money, and just bitcoin and you are in the middle of an area without a bank.  Can you buy your food with your bitcoin if the people around you have no knowledge  about bitcoin?  It is kinda sad but it is the fact.  No matter how good or how expensive bitcoin compare to the local currency, you cannot buy anything if the merchant does not know what bitcoin is.

I do agree on you dude. No matter how expennsive the value of bitcoin in the market if you give your 1 bitcoin to merchant that has not know what is bitcoin it is very useless to that person it is really useless thing so fiat in the end is better because that is the means of payment all over the world and they recognizes it .
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December 17, 2016, 01:02:31 PM
 #773

I do no believe in fiat money. But i have to use it because of its high acceptance. If someone in real life would accept crypto assets - i`d prefer to use crypto assets too.

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December 17, 2016, 01:33:42 PM
 #774

I do no believe in fiat money. But i have to use it because of its high acceptance. If someone in real life would accept crypto assets - i`d prefer to use crypto assets too.
I do not belive in fiat too, becouse fiat inflation is make me worry, I preffer like to use something that no inflation. But I still use it too.


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December 17, 2016, 01:45:58 PM
 #775

I do no believe in fiat money. But i have to use it because of its high acceptance. If someone in real life would accept crypto assets - i`d prefer to use crypto assets too.
I do not belive in fiat too, becouse fiat inflation is make me worry, I preffer like to use something that no inflation. But I still use it too.
inflation happen to everything in this world. to everything which are having value like property,gold, or bitcoin. if you prefer something that don't have inflation then you might not use anything in this world. maybe you can just live up having some sort of barter to keep your live and feeds you but you will make your life far more complicated

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December 17, 2016, 02:06:41 PM
 #776

I personally enjoy saving my bitcoin and using fiat for any bank or tax payments.  Cheesy
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December 17, 2016, 04:34:53 PM
 #777

I must believe in fiat since that is what is necessary right now, yes digital currency like bitcoin is progressing but it can't be used everywhere and for everything fiat has become a necessity and therefore we must believe in it.
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December 17, 2016, 08:33:19 PM
 #778

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.
In fact fiat is still the need of the day, as the basic infrastructure of bitcoin are not available everywhere, and most of the people still do not know about bitcoin therefore they are using fiat primary and those people who know about bitcoin they are admitting the importance of bitcoin, they use bitcoin for most of their online activities as bitcoin is more convenient than fiat for online related things.

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December 17, 2016, 08:44:49 PM
 #779

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.
In fact fiat is still the need of the day, as the basic infrastructure of bitcoin are not available everywhere, and most of the people still do not know about bitcoin therefore they are using fiat primary and those people who know about bitcoin they are admitting the importance of bitcoin, they use bitcoin for most of their online activities as bitcoin is more convenient than fiat for online related things.

I also use the national currency. I can not do without it in everyday life. In my country Bitcoin infrastructure is poorly developed. This is why Fiat has always in my purse
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December 17, 2016, 09:48:09 PM
 #780

Yes i still believe it. Fiat is real, and fiat can do more than bitcoin so there is no reason to leave it.
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