Do you Still believe in Fiat?

[Xenophoto]

Fiat will be always fiat, this means that people does trust into it and they use it in the daily needs, this is something that wont change, the way thats is managed its the only problem. Governement does all transactions without expose them, if they have lets say blockchain technology, to trace all the money it would be the best way to know our money is being invested for the future and not the politicians accounts, this wont change since politicians does wanna to earn in 4 years what a worker earns into 30-50 years of work.
I do hope in the future we can see all the transactions and companies as well for what the money has been spent, since part of those belongs to our salary, nothing more fair then to know where those money is going.

To sum up this block of text, he's saying that he's hoping that fiat will be transparent so we know that our money is going to investments and not in the pockets of politicians.

I doubt that it will happen since there would be small payments and I think it's not even important. There would always be people buying in stores. For example, if you bought a banana with fiat, would it be beneficial to the whole country that there's a transparent record for that? I think the main reason why blockchain has a transparent records because it's happening on the internet and they can easily create a program that makes a logs of the transactions for each address.

[1714465436]

1714465436

[1714465436]

1714465436

[1714465436]

1714465436

[1714465436]

1714465436

[1714465436]

1714465436

[Orion25]

Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.

[lol3c]

Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.

It will take many years for cryptocurrency to replace the fiat system. The centralized system is still doing their best in order to stop popular of Bitcoin and other digital currencies. However, the replacing process can not be stopped and Bitcoin will soon become the world new currency which is accepted around the world

[deisik]

I doubt that it will happen since there would be small payments and I think it's not even important. There would always be people buying in stores. For example, if you bought a banana with fiat, would it be beneficial to the whole country that there's a transparent record for that? I think the main reason why blockchain has a transparent records because it's happening on the internet and they can easily create a program that makes a logs of the transactions for each address.

If you bought the banana with paper fiat or coins, there will still be a record for it. If you are buying it from a company and not from a peasant which has grown it in his small-scale farm and who doesn't report his sales, then there will be a record in the company's ledger and most likely a tax paid for this wretched banana. Regarding the importance of small sales, many a little makes a mickle, and the economies of some countries are heavily relying on the exports of bananas, yeah. They are even aptly called "banana republics"...

So don't discard bananas as something totally inconsequential

[farl2web]

I doubt that it will happen since there would be small payments and I think it's not even important. There would always be people buying in stores. For example, if you bought a banana with fiat, would it be beneficial to the whole country that there's a transparent record for that? I think the main reason why blockchain has a transparent records because it's happening on the internet and they can easily create a program that makes a logs of the transactions for each address.

If you bought the banana with paper fiat or coins, there will still be a record for it. If you are buying it from a company and not from a peasant which has grown it in his small-scale farm and who doesn't report his sales, then there will be a record in the company's ledger and most likely a tax paid for this wretched banana. Regarding the importance of small sales, many a little makes a mickle, and the economies of some countries are heavily relying on the exports of bananas, yeah. They are even aptly called "banana republics"...

So don't discard bananas as something totally inconsequential

Anyway, almost all the people on the planet are Fiat and other alternatives will be. Bitcoin is a digital currency, and those who grow bananas, do not even dream of the Internet. And there are people on the planet most.

[jossiel]

Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.

Unless the government will declare bitcoins or the usage of gold and silver will be the main currency of the whole nation, then I won't believe with fiat anymore.

But since even there is bitcoin still it is not recognized by many people so we still need to stay in believing in keep on using fiat.

It is the medium that most of the merchants, businessmen and stores are preferring to accept.

[The_prodigy]

I also very much encouraged by the fact that more and more stores have begun to accept Bitcoin. But to live a very hard without fiat currency. It should be for everyone. In the next few years the situation will not change significantly.

well you are right it is very difficult if you live without fiat because by the end of the day our bitcoin we are exchanging it to our own fiat because there are still no stores that accepts bitcoin in our country weell I think next few years bitcoin is getting famous and lot of users and also there are lot of shops that accepts bitcoin and fiat stays fiat

True its really hard when we don't use fiat on our daily living i can't even live without using fiat i don't think fiat will be denominant after 10-20 years fiat will be one will use to exchange our bitcoin i don't think that some of stores will begun accpeting bitcoin less of companies don't want bitcoin to be connected to them.

big companies are afraid to communicate with Bitcoin due to the fact that the situation is not clear to him. I mean legislation. Therefore, Fiat will still be used

their main reason is because their employees are not asking for it! I mean if you go ask your boss to pay you with bitcoin and then a couple of more of you colleagues do the same he is going to do it eventually and the only other issue is going to be taxes that I doubt it can be any trouble more than filling a new form!

Nope they don't trust bitcoin it just because of unstable price but if bitcoin has an stable price they will trying to impose bitcoin to there employee or company like paypal will partner with bitcoin paypal is one of the biggest company that people use to pay online. Nah if amazon continue accepting bitcoin then probably lots of company will see an good opportunity using it.

[X-ray]

I also very much encouraged by the fact that more and more stores have begun to accept Bitcoin. But to live a very hard without fiat currency. It should be for everyone. In the next few years the situation will not change significantly.

well you are right it is very difficult if you live without fiat because by the end of the day our bitcoin we are exchanging it to our own fiat because there are still no stores that accepts bitcoin in our country weell I think next few years bitcoin is getting famous and lot of users and also there are lot of shops that accepts bitcoin and fiat stays fiat

True its really hard when we don't use fiat on our daily living i can't even live without using fiat i don't think fiat will be denominant after 10-20 years fiat will be one will use to exchange our bitcoin i don't think that some of stores will begun accpeting bitcoin less of companies don't want bitcoin to be connected to them.

big companies are afraid to communicate with Bitcoin due to the fact that the situation is not clear to him. I mean legislation. Therefore, Fiat will still be used

their main reason is because their employees are not asking for it! I mean if you go ask your boss to pay you with bitcoin and then a couple of more of you colleagues do the same he is going to do it eventually and the only other issue is going to be taxes that I doubt it can be any trouble more than filling a new form!

Nope they don't trust bitcoin it just because of unstable price but if bitcoin has an stable price they will trying to impose bitcoin to there employee or company like paypal will partner with bitcoin paypal is one of the biggest company that people use to pay online. Nah if amazon continue accepting bitcoin then probably lots of company will see an good opportunity using it.

What makes you think that those companies will actually seeing the opportunity from bitcoin if amazon implement it as a payment method? those companies really never make a direct deal with the amazon company and it's not going affecting those unless they're affiliating,it's just another BS

[seven4smoke]

Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.

Unless the government will declare bitcoins or the usage of gold and silver will be the main currency of the whole nation, then I won't believe with fiat anymore.

But since even there is bitcoin still it is not recognized by many people so we still need to stay in believing in keep on using fiat.

It is the medium that most of the merchants, businessmen and stores are preferring to accept.

Bitcoin will grow only by users. No one works on the popular cryptocurrency since those who use bitcoin. But what applies to Fiat, the real money are growing in popularity.

[Bitcoinsummoner]

Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.

Unless the government will declare bitcoins or the usage of gold and silver will be the main currency of the whole nation, then I won't believe with fiat anymore.

But since even there is bitcoin still it is not recognized by many people so we still need to stay in believing in keep on using fiat.

It is the medium that most of the merchants, businessmen and stores are preferring to accept.

Bitcoin will grow only by users. No one works on the popular cryptocurrency since those who use bitcoin. But what applies to Fiat, the real money are growing in popularity.

The other part like he mention that if government will declare the bitcoin or the usage of silver and gold .. for me if government declare it is impossible that bitcoin will be use instead they will choose gold and silver because we have physical and we can use it also in online with same name currency.. unlike bitcoin that you can only use it online..
and it is obvious that bitcoin is always good as alternative and fiat never will change maybe they can add coins or paper money with different faces.  like here in my country.  they are adding new money with different faces of heroes or previous president,.

[mikecgna]

I'm used to bitcoin, and do not even think of throwing. I do not think that the prospects for real currency weak. Fiat will not fall ever.

[d-trixx]

Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.

Unless the government will declare bitcoins or the usage of gold and silver will be the main currency of the whole nation, then I won't believe with fiat anymore.

But since even there is bitcoin still it is not recognized by many people so we still need to stay in believing in keep on using fiat.

It is the medium that most of the merchants, businessmen and stores are preferring to accept.

Bitcoin will grow only by users. No one works on the popular cryptocurrency since those who use bitcoin. But what applies to Fiat, the real money are growing in popularity.

The other part like he mention that if government will declare the bitcoin or the usage of silver and gold .. for me if government declare it is impossible that bitcoin will be use instead they will choose gold and silver because we have physical and we can use it also in online with same name currency.. unlike bitcoin that you can only use it online..
and it is obvious that bitcoin is always good as alternative and fiat never will change maybe they can add coins or paper money with different faces.  like here in my country.  they are adding new money with different faces of heroes or previous president,.

If a person is satisfied with their choice, it means that it is satisfied with the policy of this government. More If the prize is bitcoin quite officially, the user is the supreme grace.

[erwin45hacked]

I'm used to bitcoin, and do not even think of throwing. I do not think that the prospects for real currency weak. Fiat will not fall ever.

It is not about fiat getting weaker, it is that bitcoin is finally getting some attention and some country with high inflation might be thinking of choosing it to replace their currency however that chance is very low atleast for now, in atleast ten more year more country will finally aware of its existence and people will start to consider it more

[wxa7115]

No doubts fiat will dominate for the coming 10-20 years (specially the big 4) but after that perhaps bitcoin , ALTs beside the other online payments gateway as well as paypal , moneybookers ,okpay .. etc will be the only type of payment available to use due to many reason safety and security be the first . time will tell .

Nope i don't think that this happen on that year fiat will never dominate paypal will never use or partnet with bitcoin because bitcoin is digital currency and paypal is company so theres an big chance that paypal will never accept bitcoin.

I have pretty similar opinion as of you.  Paypal and bitcoin are totally diffirent they can not be campared with each other. nor both of them can replace fiat. I believe in fiat and I think fiat will exist for ever.. it is possible that one day bitcoin may become a fiat.. but fiat will exist .

Bitcoin will never become fiat, fiat means  a decree of the government or authority so fiat money is money authorized by the government that has value because the government says it does, even if a government decided to adopt bitcoin, that government will never own bitcoin or could give it the same functions as fiat.

[BitHodler]

I'm used to bitcoin, and do not even think of throwing. I do not think that the prospects for real currency weak. Fiat will not fall ever.

It is not about fiat getting weaker, it is that bitcoin is finally getting some attention and some country with high inflation might be thinking of choosing it to replace their currency however that chance is very low atleast for now, in atleast ten more year more country will finally aware of its existence and people will start to consider it more

No matter how weak the fiat currency from a certain country is, or whatever other problems they have, there will never be a country that replaces it's own currency with Bitcoin.

If they ever going to replace their fiat system, then it will be something that is being issued by the government itself, and not a decentralized incentive as Bitcoin.

It doesn't take much effort for governments to create their own digital currency where they remain the central authority of every aspect of their system/economy. That's the most likely scenario.

[Japinat]

I'm used to bitcoin, and do not even think of throwing. I do not think that the prospects for real currency weak. Fiat will not fall ever.

It is not about fiat getting weaker, it is that bitcoin is finally getting some attention and some country with high inflation might be thinking of choosing it to replace their currency however that chance is very low atleast for now, in atleast ten more year more country will finally aware of its existence and people will start to consider it more

No matter how weak the fiat currency from a certain country is, or whatever other problems they have, there will never be a country that replaces it's own currency with Bitcoin.

If they ever going to replace their fiat system, then it will be something that is being issued by the government itself, and not a decentralized incentive as Bitcoin.

It doesn't take much effort for governments to create their own digital currency where they remain the central authority of every aspect of their system/economy. That's the most likely scenario.

The government has all the resources to make their own digital system and cope the system of bitcoin and give people the comfort of fast online transaction. However, since it's government created, we cannot erase the nature that it will always be centralized and we have to comply whatever the law would be to enjoy using the service.

[NEWGOODOUBLE]

I'm used to bitcoin, and do not even think of throwing. I do not think that the prospects for real currency weak. Fiat will not fall ever.

true, although I use bitcoin today, does not mean I will leave fiat, I think we will not be able to leave the fiat, because of our dependence
that everything will be easier to use fiat

[Reid]

I'm used to bitcoin, and do not even think of throwing. I do not think that the prospects for real currency weak. Fiat will not fall ever.

true, although I use bitcoin today, does not mean I will leave fiat, I think we will not be able to leave the fiat, because of our dependence
that everything will be easier to use fiat

Besides what else could we use when we are out on the street and got nowhere to exchange our Bitcoins. It will still end with fiat that we should always have specially when still a lot of stores are not accepting this kind of currency. First thing is if the government can afford to teach everyone if ever they would start using bitcoin as if it is a physical currency.

[Farma]

Well, of course I still believe in fiat. I use it because I believe it. but, I just use it as a means of transaction. I have more confidence in the bitcoin might make me get more profit from the use of fiat in the business world.

[d5000]

Most people underestimate the complexity of a monetary system.

"Fiat" currencies are currencies that are not "backed" by a simple asset like gold. In this sense, even Bitcoin is a "fiat" currency. Now, I know, most of the members of this forum consider only state-issued currencies "fiat" currencies.

Such "state-fiat-currencies" are extremely complex systems, because money is a very complex system itself. But state-fiat-currencies are even more complex, because there are more actors to take into account (the Central Bank, external trade, capital flight, external speculators, etc.).

We, the Bitcoin users, can see that money is complex because of the simple fact that it's impossible to predict the Bitcoin price in a safe way. Why is this so? Because there is no universally accepted definition for "a bitcoin" aside from the mathematical one that it's equivalent to 100.000.000 satoshis. So it could be worth 1000 kg of, let's say, bread today and 500 kg tomorrow.

Well, with "state-fiat-currencies" it's the same. It's not guaranteed that you, today, will get the same amount of bread than tomorrow. But there is a complex system trying to guarantee that, taking into account not the price of a single (and simple) asset like gold but multiple indicators of the economy. It worked well for most of the time now.

I think "fiat" will continue working, in most of the cases. Bitcoin must gain traction on its own merit, not because of a "collapse" of the fiat system. It has multiple advantages for freedom-seeking people, so we can be bold about BTC's advantages without having to wait for a "fiat crash".