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Author Topic: Do you Still believe in Fiat?  (Read 74818 times)
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December 22, 2016, 11:48:35 PM
 #841

Yes I still believe in the fiat to be honest because its stays needed and why would I even not believe in it, I think that there is nothing wrong with doing that...
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December 23, 2016, 01:37:55 AM
 #842

I'm sure people still believe in fiat, because we still use fiat for buying something in real life using fiat. Without fiat we can't buy shit. That's why people still believe in fiat, even the digital money come like bitcoin and paypal. Fiat will still survive.

That's a sure thing because if we are not going to believe fiat then what do you think is the medium that we need to use in able to survive for our daily lives for buying and selling the things that we need? Unless you are living in a jungle and you don't need fiat for surviving there then your faith in fiat will surely be gone.
We can never stop using fiat because it has been and will forever will be the payment method that everyone uses on the plant to exchange money in person, even if our society is relaying on internet and digital payment more and more, there will be the need for human interaction and that’s where the fiat comes in.
although fiat is the fundamental currency using by almost all the people of the world, but i think if all the people of the world start using bitcoin, as it can be possible in future then fiat will become useless and all the people will start using bitcoin.


Just like monnt said, we can never stop using fiat and even all of us are all using bitcoin still the government is the one that needs to be followed by its citizen. And I'm sure that government is not going to totally surrender all the money system to bitcoin as it is uncontrollable and they don't have the authority to reproduce it if they want to.

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December 23, 2016, 03:30:55 AM
 #843



Just like monnt said, we can never stop using fiat and even all of us are all using bitcoin still the government is the one that needs to be followed by its citizen. And I'm sure that government is not going to totally surrender all the money system to bitcoin as it is uncontrollable and they don't have the authority to reproduce it if they want to.
Giving up the government's fiat and just let its place taken down by bitcoin is the same as giving up the government's economy and that's will never happened because the government had realised it.
They may not consider bitcoin as a threat for now but they will and eventually. Honestly i would prefer bitcoin to be an alternative currency and not to take over the world's currencies

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December 23, 2016, 04:05:38 AM
 #844

Yes I still believe in the fiat to be honest because its stays needed and why would I even not believe in it, I think that there is nothing wrong with doing that...

There is nothing wrong for it is a must thing that we must do. If you don't believe in fiat who do you think will suffer? Of course us that doesn't believe it because it is the one that is being used by many people worldwide for transacting. And even though there is bitcoin, many still doesn't know about it unless you will exchange your bitcoin to fiat.
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December 23, 2016, 04:08:49 AM
 #845

Yes I still believe in the fiat to be honest because its stays needed and why would I even not believe in it, I think that there is nothing wrong with doing that...

There is nothing wrong for it is a must thing that we must do. If you don't believe in fiat who do you think will suffer? Of course us that doesn't believe it because it is the one that is being used by many people worldwide for transacting. And even though there is bitcoin, many still doesn't know about it unless you will exchange your bitcoin to fiat.
This question is just nonsense because all of people do really trust fiat no matter what and we use it on our daily lives in order to survive and we do hard work just to earn it.You are right fiat is being used already for how many years already since in the past and bitcoin is just an alternative.

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December 23, 2016, 04:18:12 AM
 #846

I'm sure people still believe in fiat, because we still use fiat for buying something in real life using fiat. Without fiat we can't buy shit. That's why people still believe in fiat, even the digital money come like bitcoin and paypal. Fiat will still survive.

That's a sure thing because if we are not going to believe fiat then what do you think is the medium that we need to use in able to survive for our daily lives for buying and selling the things that we need? Unless you are living in a jungle and you don't need fiat for surviving there then your faith in fiat will surely be gone.

However technology gets to move forward with updates and developments fiat continue to be used by at least a small group of people at some corner of the world. In my view fiat is the basis for financial system, so replacing or quitting its use is not at all possible. Till money is valued fiat will be valued.

Yes, even though the technology is keep on its progress and innovation together its upgrade with the financial system, still the fiat will be used wherever we are in this world. Unless you are living in a society where all the people are using bitcoins, that's the only possible thing that bitcoin will replace fiat for being used by the people as main currency.

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December 23, 2016, 04:28:31 AM
 #847

Yes I still believe in the fiat to be honest because its stays needed and why would I even not believe in it, I think that there is nothing wrong with doing that...

There is nothing wrong for it is a must thing that we must do. If you don't believe in fiat who do you think will suffer? Of course us that doesn't believe it because it is the one that is being used by many people worldwide for transacting. And even though there is bitcoin, many still doesn't know about it unless you will exchange your bitcoin to fiat.
This question is just nonsense because all of people do really trust fiat no matter what and we use it on our daily lives in order to survive and we do hard work just to earn it.You are right fiat is being used already for how many years already since in the past and bitcoin is just an alternative.

I don't know why people are thinking that bitcoin will replace fiat even though there are some who are saying that it is going to happen in the future. As long as fiat is existing, I will going to keep on believing with fiat and of course also for bitcoin.
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December 23, 2016, 04:33:31 AM
 #848

Yes I still believe in the fiat to be honest because its stays needed and why would I even not believe in it, I think that there is nothing wrong with doing that...

There is nothing wrong for it is a must thing that we must do. If you don't believe in fiat who do you think will suffer? Of course us that doesn't believe it because it is the one that is being used by many people worldwide for transacting. And even though there is bitcoin, many still doesn't know about it unless you will exchange your bitcoin to fiat.
This question is just nonsense because all of people do really trust fiat no matter what and we use it on our daily lives in order to survive and we do hard work just to earn it.You are right fiat is being used already for how many years already since in the past and bitcoin is just an alternative.

I don't know why people are thinking that bitcoin will replace fiat even though there are some who are saying that it is going to happen in the future. As long as fiat is existing, I will going to keep on believing with fiat and of course also for bitcoin.
Me too and i dont know why they say such thing on which bitcoin does really rely its value from fiat itself and shall we say fiat will be gone then bitcoin would be worthless too. Bitcoin will progress even more on the future but it cant really replace fiat anytime soon.Government wouldnt let that thing to happen for sure.

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December 23, 2016, 04:56:36 AM
 #849

Me too and i dont know why they say such thing on which bitcoin does really rely its value from Fiat itself and shall we say fiat will be gone then bitcoin would be worthless too.
This is really true that's why remove that kind of idea/mindset that bitcoin will replace fiat, there's no way to do that, bitcoin is depending only on especially its price to Fiat. If Fiat useless then the bitcoin too will be useless. And of course I always believe in Fiat as we need that in our daily life.

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December 23, 2016, 08:18:00 AM
 #850

Me too and i dont know why they say such thing on which bitcoin does really rely its value from Fiat itself and shall we say fiat will be gone then bitcoin would be worthless too.
This is really true that's why remove that kind of idea/mindset that bitcoin will replace fiat, there's no way to do that, bitcoin is depending only on especially its price to Fiat. If Fiat useless then the bitcoin too will be useless. And of course I always believe in Fiat as we need that in our daily life.
Being realistic would always help our journey in bitcoin, it is not that big as we think for sure, it's just an alternative currency that we can use but will only be usable with fiat supporting it. Majority of the people will still choose fiat as our world requires fiat that we can use to spend for whatever we want to buy, may it be a product or service.

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December 23, 2016, 03:08:09 PM
 #851

I always believed in fiat currency because of this i can easily exchange my bitcoin whenever i need money always my transaction are smooth and no encounter problem at i have big trust on this because of this i can easily use my bitcoin into physical thing also.



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December 23, 2016, 03:27:28 PM
 #852

Me too and i dont know why they say such thing on which bitcoin does really rely its value from Fiat itself and shall we say fiat will be gone then bitcoin would be worthless too.
This is really true that's why remove that kind of idea/mindset that bitcoin will replace fiat, there's no way to do that, bitcoin is depending only on especially its price to Fiat. If Fiat useless then the bitcoin too will be useless. And of course I always believe in Fiat as we need that in our daily life.
Being realistic would always help our journey in bitcoin, it is not that big as we think for sure, it's just an alternative currency that we can use but will only be usable with fiat supporting it. Majority of the people will still choose fiat as our world requires fiat that we can use to spend for whatever we want to buy, may it be a product or service.

Agreed, but those people who`re saying that bitcoin can overcome fiat are just trying to boost
bitcoin by introducing its capabilities and what it can become. but if i were to pick which one
i would use, surely fiat would be the better choice(you can think for your self what are the
advantages of fiat over bitcoin) than bitcoin.


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December 23, 2016, 03:31:00 PM
 #853

All of us here we know the bitcoin advantages compared to fiat but fiat dominates the world something difficult to change. So If we believe to bitcoin we must use bitcoin. That is to buy/sell goods and services in every day transactions. If we use bitcoin only for hoarding then we tacitly agree that we trust only fiat money.
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December 23, 2016, 04:15:48 PM
 #854

I'm sure people still believe in fiat, because we still use fiat for buying something in real life using fiat. Without fiat we can't buy shit. That's why people still believe in fiat, even the digital money come like bitcoin and paypal. Fiat will still survive.

That's a sure thing because if we are not going to believe fiat then what do you think is the medium that we need to use in able to survive for our daily lives for buying and selling the things that we need? Unless you are living in a jungle and you don't need fiat for surviving there then your faith in fiat will surely be gone.
We can never stop using fiat because it has been and will forever will be the payment method that everyone uses on the plant to exchange money in person, even if our society is relaying on internet and digital payment more and more, there will be the need for human interaction and that’s where the fiat comes in.
Fiat has not been around forever, that is a mistake, historically humans have used gold and silver the most, fiat has been around for only some hundreds of years, and fiat not backed by anything just decades, so fiat could be replaced, it is not going to be easy but it could be done.

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December 23, 2016, 11:23:55 PM
 #855

I'm sure people still believe in fiat, because we still use fiat for buying something in real life using fiat. Without fiat we can't buy shit. That's why people still believe in fiat, even the digital money come like bitcoin and paypal. Fiat will still survive.

That's a sure thing because if we are not going to believe fiat then what do you think is the medium that we need to use in able to survive for our daily lives for buying and selling the things that we need? Unless you are living in a jungle and you don't need fiat for surviving there then your faith in fiat will surely be gone.
We can never stop using fiat because it has been and will forever will be the payment method that everyone uses on the plant to exchange money in person, even if our society is relaying on internet and digital payment more and more, there will be the need for human interaction and that’s where the fiat comes in.
Fiat has not been around forever, that is a mistake, historically humans have used gold and silver the most, fiat has been around for only some hundreds of years, and fiat not backed by anything just decades, so fiat could be replaced, it is not going to be easy but it could be done.
yes that is right to say, before fiat there was barter system, exchanges of good, and after that fiat introduced, therefore we can say that the trend is changing from time to time, and that is the reason that we cans that people and specially the new generation is giving preference to digital currency, as they are interested in online trading.

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December 24, 2016, 05:15:25 AM
 #856

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community

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December 24, 2016, 05:24:46 AM
 #857

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community
What are you trying to say dude? What is your reason for not trusting fiat?
 Could you please elaborate so all of us can get your point. I am sorry, I just can't get your thought/idea about what you posted. Please further explain your side. Thanks.

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December 24, 2016, 05:51:43 AM
 #858

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community
What are you trying to say dude? What is your reason for not trusting fiat?
 Could you please elaborate so all of us can get your point. I am sorry, I just can't get your thought/idea about what you posted. Please further explain your side. Thanks.

He just said that the fiat money is created by government and banks so they can
gain profits from it etc... and he also said that we have technology to create our own
currency/altcoin.


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December 24, 2016, 05:56:26 AM
 #859

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community
What are you trying to say dude? What is your reason for not trusting fiat?
 Could you please elaborate so all of us can get your point. I am sorry, I just can't get your thought/idea about what you posted. Please further explain your side. Thanks.

He just said that the fiat money is created by government and banks so they can
gain profits from it etc... and he also said that we have technology to create our own
currency/altcoin.
How are they actually making profit with on the fiat they created, I believe they are not making it as a business but just to be a legal tender where their people can use it and transact legally.

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December 24, 2016, 06:47:25 AM
 #860

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community
What are you trying to say dude? What is your reason for not trusting fiat?
 Could you please elaborate so all of us can get your point. I am sorry, I just can't get your thought/idea about what you posted. Please further explain your side. Thanks.

He just said that the fiat money is created by government and banks so they can
gain profits from it etc... and he also said that we have technology to create our own
currency/altcoin.
How are they actually making profit with on the fiat they created, I believe they are not making it as a business but just to be a legal tender where their people can use it and transact legally.
Correct. The government will just simply print money but not to gain profits on it. They just can't print fiat as much as they want just to gain profits on it? They have corresponding policies how many have to print but not to sell the fiat for them to gain.

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