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Author Topic: Do you Still believe in Fiat?  (Read 74818 times)
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January 10, 2017, 11:55:23 AM
 #981

You can't not believe in fiat, it is the basis of today's society!
Whether you feel that the system is flawed and bound to fail is another question.

If that were the question I would say that I think the governments of the world are doing a good job of propping up currencies that are being printed to death.  I don't know if Crypto is the answer either, but maybe it is an answer along with commodity based/backed currencies.
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January 10, 2017, 12:09:07 PM
 #982

You can't not believe in fiat, it is the basis of today's society!
Whether you feel that the system is flawed and bound to fail is another question.

If that were the question I would say that I think the governments of the world are doing a good job of propping up currencies that are being printed to death.  I don't know if Crypto is the answer either, but maybe it is an answer along with commodity based/backed currencies.

That is correct. Fiat is traditional currency in the world at the present . We can not leave fiat for digital currency such as bitcoin or altcoins. People are using fiat everyday. If we want digital currency to be used as fiat, we must wait for long time to promote all people much more about digital currency. Once people know about digital currency , I believe that fiat will be gradually replace with digital currency
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January 10, 2017, 12:15:28 PM
 #983

Is this a philosophic question, like 'Do you believe that the reality is real?'  Grin As mentioned before, fiat money is the blood of the today's world economy. Be it printed to death or not, it is used by all people without exception. Still, some day a solution to connect the fiat and crypto world will be released, and this will be the first step to the new economic system.

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January 10, 2017, 12:20:34 PM
 #984

Fiat is the main currency through which i can do all my daily work as still bitcoin is not in mainstream, and even bitcoin is valued through fiat currency only.

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January 10, 2017, 12:22:20 PM
 #985

Is this a philosophic question, like 'Do you believe that the reality is real?'  Grin As mentioned before, fiat money is the blood of the today's world economy. Be it printed to death or not, it is used by all people without exception. Still, some day a solution to connect the fiat and crypto world will be released, and this will be the first step to the new economic system.

You can already use bitcoins for your everyday purchases with a Bitcoin payment card. As far as I can see, this could potentially count as something connecting crypto and fiat financial worlds, though I don't think that it changed too much and whether it can be considered as the "first step to the new economic system". In fact, Bitcoin exchanges do that on a daily basis (i.e. connect fiat with crypto), and some of them have been operating for more than 5 years already (e.g. btc-e). Did it change much if anything at all?

Or do you mean something totally different or special?
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January 10, 2017, 01:09:46 PM
 #986

Fiat is very important everyday; if it was not made, did bitcoin will exist? Our local exchange added a new feature which is a virtual visa card and free to activate. So we can buy now the items in online merchants even they don't accept bitcoin as payment but with the help of visa, it converts the coins to fiat.
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January 10, 2017, 01:42:55 PM
 #987

ofcourse yes we still using it on our everyday life when we buy foods, drinks, gas, payrent and even buy things we're using fiat system. fiat system is still alive even bitcoin is being popular this day. bitcoin is created for backup purposes in near future. but still our government will never let fiat system to disappear because thats the only thing for balance circulation of the economy,.
Yeah satisfied with you . Because Bitcoin is not much famous and we need to go through fiat to complete our daily needs  , So fiat is a important part of our life whether we have any believe in fiat or not .
Yes you are right however fiat will remain a major currencies although in the future there will be the famous digital currency  but we can not as easy as it switches from fiat, honestly the possibility was very small because the government will never let it happen.
Fiat is we all we need to convert or exchange our bitcoin im not that kind of rich man where i always stocked or hold my bitcoin to my bitcoin wallet i never doubt bitcoin but since fiat currency is there to help us with the exchange currency why we don't believed on fiat right? It will never goverment happen im assure with that.
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January 11, 2017, 03:01:42 AM
 #988

ofcourse yes we still using it on our everyday life when we buy foods, drinks, gas, payrent and even buy things we're using fiat system. fiat system is still alive even bitcoin is being popular this day. bitcoin is created for backup purposes in near future. but still our government will never let fiat system to disappear because thats the only thing for balance circulation of the economy,.
Yeah satisfied with you . Because Bitcoin is not much famous and we need to go through fiat to complete our daily needs  , So fiat is a important part of our life whether we have any believe in fiat or not .
Yes you are right however fiat will remain a major currencies although in the future there will be the famous digital currency  but we can not as easy as it switches from fiat, honestly the possibility was very small because the government will never let it happen.
Fiat is we all we need to convert or exchange our bitcoin im not that kind of rich man where i always stocked or hold my bitcoin to my bitcoin wallet i never doubt bitcoin but since fiat currency is there to help us with the exchange currency why we don't believed on fiat right? It will never goverment happen im assure with that.
Whatever our reason we are still stock with the reality that our bitcoins will be useless without fiat. Look at the value of bitcoin now, what we are seeing is the value in fiat so if there's no fiat how are we gonna determine bitcoin. Everything we do in terms of transaction, we need to finally convert it to fiat to make use of it in the real world.

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January 11, 2017, 07:29:13 AM
 #989

ofcourse yes we still using it on our everyday life when we buy foods, drinks, gas, payrent and even buy things we're using fiat system. fiat system is still alive even bitcoin is being popular this day. bitcoin is created for backup purposes in near future. but still our government will never let fiat system to disappear because thats the only thing for balance circulation of the economy,.
Yeah satisfied with you . Because Bitcoin is not much famous and we need to go through fiat to complete our daily needs  , So fiat is a important part of our life whether we have any believe in fiat or not .
Yes you are right however fiat will remain a major currencies although in the future there will be the famous digital currency  but we can not as easy as it switches from fiat, honestly the possibility was very small because the government will never let it happen.
Fiat is we all we need to convert or exchange our bitcoin im not that kind of rich man where i always stocked or hold my bitcoin to my bitcoin wallet i never doubt bitcoin but since fiat currency is there to help us with the exchange currency why we don't believed on fiat right? It will never goverment happen im assure with that.
Whatever our reason we are still stock with the reality that our bitcoins will be useless without fiat. Look at the value of bitcoin now, what we are seeing is the value in fiat so if there's no fiat how are we gonna determine bitcoin. Everything we do in terms of transaction, we need to finally convert it to fiat to make use of it in the real world.

Which fiat do you refer to exactly?

There are many fiats out there. Whatever, if fiat disappears one day, would Bitcoin be useless and worthless? I'm more inclined to think that it will only gain in value and application since it will be used directly as intended, i.e. as a currency, instead of fiat now gone. Gold is also priced in fiat but does it mean that without fiat it will be worthless? In fact, everything that you can sell and buy is priced in fiat and so what?
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January 11, 2017, 08:31:42 AM
 #990

ofcourse yes we still using it on our everyday life when we buy foods, drinks, gas, payrent and even buy things we're using fiat system. fiat system is still alive even bitcoin is being popular this day. bitcoin is created for backup purposes in near future. but still our government will never let fiat system to disappear because thats the only thing for balance circulation of the economy,.
Yeah satisfied with you . Because Bitcoin is not much famous and we need to go through fiat to complete our daily needs  , So fiat is a important part of our life whether we have any believe in fiat or not .
Yes you are right however fiat will remain a major currencies although in the future there will be the famous digital currency  but we can not as easy as it switches from fiat, honestly the possibility was very small because the government will never let it happen.
Fiat is we all we need to convert or exchange our bitcoin im not that kind of rich man where i always stocked or hold my bitcoin to my bitcoin wallet i never doubt bitcoin but since fiat currency is there to help us with the exchange currency why we don't believed on fiat right? It will never goverment happen im assure with that.
Whatever our reason we are still stock with the reality that our bitcoins will be useless without fiat. Look at the value of bitcoin now, what we are seeing is the value in fiat so if there's no fiat how are we gonna determine bitcoin. Everything we do in terms of transaction, we need to finally convert it to fiat to make use of it in the real world.

Which fiat do you refer to exactly?

There are many fiats out there. Whatever, if fiat disappears one day, would Bitcoin be useless and worthless? I'm more inclined to think that it will only gain in value and application since it will be used directly as intended, i.e. as a currency, instead of fiat now gone. Gold is also priced in fiat but does it mean that without fiat it will be worthless? In fact, everything that you can sell and buy is priced in fiat and so what?

Good point. Well history didnt tell that there have been fiat since the world was created. We are getting higher when it comes to technology but some countries are sti crawling to that part. I dont think we will still see if bitcoin will be used as a regular currency. But it would be fun if ever it is done with my lifetime.


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January 11, 2017, 08:41:29 AM
 #991

ofcourse yes we still using it on our everyday life when we buy foods, drinks, gas, payrent and even buy things we're using fiat system. fiat system is still alive even bitcoin is being popular this day. bitcoin is created for backup purposes in near future. but still our government will never let fiat system to disappear because thats the only thing for balance circulation of the economy,.
Yeah satisfied with you . Because Bitcoin is not much famous and we need to go through fiat to complete our daily needs  , So fiat is a important part of our life whether we have any believe in fiat or not .
Yes you are right however fiat will remain a major currencies although in the future there will be the famous digital currency  but we can not as easy as it switches from fiat, honestly the possibility was very small because the government will never let it happen.
Fiat is we all we need to convert or exchange our bitcoin im not that kind of rich man where i always stocked or hold my bitcoin to my bitcoin wallet i never doubt bitcoin but since fiat currency is there to help us with the exchange currency why we don't believed on fiat right? It will never goverment happen im assure with that.
Whatever our reason we are still stock with the reality that our bitcoins will be useless without fiat. Look at the value of bitcoin now, what we are seeing is the value in fiat so if there's no fiat how are we gonna determine bitcoin. Everything we do in terms of transaction, we need to finally convert it to fiat to make use of it in the real world.

Which fiat do you refer to exactly?

There are many fiats out there. Whatever, if fiat disappears one day, would Bitcoin be useless and worthless? I'm more inclined to think that it will only gain in value and application since it will be used directly as intended, i.e. as a currency, instead of fiat now gone. Gold is also priced in fiat but does it mean that without fiat it will be worthless? In fact, everything that you can sell and buy is priced in fiat and so what?

Good point. Well history didnt tell that there have been fiat since the world was created. We are getting higher when it comes to technology but some countries are sti crawling to that part. I dont think we will still see if bitcoin will be used as a regular currency. But it would be fun if ever it is done with my lifetime.

Never bitcoin will become main stream currency for any country as the bitcoin circulation is very less comparing to the population of the world, Think if the fiat currency is vanished and Bitcoin is used then how are you going to use bitcoin valued in goods, then it will become like 100 satosi  for 1 chocolate and 1000 satoshi for vegetables, This way only the bitcoin can be used if at all it comes to main stream currency.

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January 11, 2017, 08:58:19 AM
 #992

I can believe in fiat at this time  but in the future I can not because we are using smart devices in the digital world and we can use payment tools online  such as bitcoin, altcoins for it. I feel easier ans faster than fiat. it does not need much private information or verification on payment and It's easy to transfer money to another one .
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January 11, 2017, 09:27:16 AM
 #993

I can believe in fiat at this time  but in the future I can not because we are using smart devices in the digital world and we can use payment tools online  such as bitcoin, altcoins for it. I feel easier ans faster than fiat. it does not need much private information or verification on payment and It's easy to transfer money to another one .

yes you are right, the whole world is moving towards digital technology. But Fiat is a moral people need. for many people it is very important to have in your pocket paper money
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January 12, 2017, 09:47:10 PM
 #994

ofcourse yes we still using it on our everyday life when we buy foods, drinks, gas, payrent and even buy things we're using fiat system. fiat system is still alive even bitcoin is being popular this day. bitcoin is created for backup purposes in near future. but still our government will never let fiat system to disappear because thats the only thing for balance circulation of the economy,.
Yeah satisfied with you . Because Bitcoin is not much famous and we need to go through fiat to complete our daily needs  , So fiat is a important part of our life whether we have any believe in fiat or not .
Yes you are right however fiat will remain a major currencies although in the future there will be the famous digital currency  but we can not as easy as it switches from fiat, honestly the possibility was very small because the government will never let it happen.
Fiat is we all we need to convert or exchange our bitcoin im not that kind of rich man where i always stocked or hold my bitcoin to my bitcoin wallet i never doubt bitcoin but since fiat currency is there to help us with the exchange currency why we don't believed on fiat right? It will never goverment happen im assure with that.
Whatever our reason we are still stock with the reality that our bitcoins will be useless without fiat. Look at the value of bitcoin now, what we are seeing is the value in fiat so if there's no fiat how are we gonna determine bitcoin. Everything we do in terms of transaction, we need to finally convert it to fiat to make use of it in the real world.

Which fiat do you refer to exactly?

There are many fiats out there. Whatever, if fiat disappears one day, would Bitcoin be useless and worthless? I'm more inclined to think that it will only gain in value and application since it will be used directly as intended, i.e. as a currency, instead of fiat now gone. Gold is also priced in fiat but does it mean that without fiat it will be worthless? In fact, everything that you can sell and buy is priced in fiat and so what?

Good point. Well history didnt tell that there have been fiat since the world was created. We are getting higher when it comes to technology but some countries are sti crawling to that part. I dont think we will still see if bitcoin will be used as a regular currency. But it would be fun if ever it is done with my lifetime.

Never bitcoin will become main stream currency for any country as the bitcoin circulation is very less comparing to the population of the world, Think if the fiat currency is vanished and Bitcoin is used then how are you going to use bitcoin valued in goods, then it will become like 100 satosi  for 1 chocolate and 1000 satoshi for vegetables, This way only the bitcoin can be used if at all it comes to main stream currency.
So? That only means bitcoin will become very valuable if adopted by the general public, that is why we are holding our bitcoin in the first place to benefit from the rise in price when bitcoin is adopted by a large number of the people of the world.

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January 12, 2017, 10:50:21 PM
 #995

I can believe in fiat at this time  but in the future I can not because we are using smart devices in the digital world and we can use payment tools online  such as bitcoin, altcoins for it. I feel easier ans faster than fiat. it does not need much private information or verification on payment and It's easy to transfer money to another one .
as time goes by i believe the time for bitcoin will come soon.

not for now , too early to say have no believe in fiat since we have spend money for daily needs in cash , not digital currency. in the next 10-20 years it might can happened. even bitcoin can be an international currency.

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HabBear
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January 12, 2017, 11:37:58 PM
 #996

I believe in fiat so much I use it every day!


Seriously though, we don't want Bitcoin to overtake fiat. If we do we'll see every major power in the world seeking to exert influence and control over it. It's best if bitcoin is broadly available and accepted and thriving a step outside the spotlight. That is what will keep it going and give it unlimited and unhampered success.

acroman08
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January 13, 2017, 01:36:43 AM
 #997

I can believe in fiat at this time  but in the future I can not because we are using smart devices in the digital world and we can use payment tools online  such as bitcoin, altcoins for it. I feel easier ans faster than fiat. it does not need much private information or verification on payment and It's easy to transfer money to another one .
as time goes by i believe the time for bitcoin will come soon.

not for now , too early to say have no believe in fiat since we have spend money for daily needs in cash , not digital currency. in the next 10-20 years it might can happened. even bitcoin can be an international currency.

Ver unlikely to happen that bitcoin will become an international currency, governments can
make digital currency that can rival bitcoin which is likely to happen if they implement a digital currency.
TokenGuy
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January 13, 2017, 02:08:42 AM
 #998

I can believe in fiat at this time  but in the future I can not because we are using smart devices in the digital world and we can use payment tools online  such as bitcoin, altcoins for it. I feel easier ans faster than fiat. it does not need much private information or verification on payment and It's easy to transfer money to another one .

yes you are right, the whole world is moving towards digital technology. But Fiat is a moral people need. for many people it is very important to have in your pocket paper money

Indeed it stays needed no matter what so I think on that way its not something that is gonna be disappearing, I also think that a lot of people stay believing in it and I also do because it stays a good pay method no matter what.
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January 13, 2017, 02:29:28 AM
 #999

I can believe in fiat at this time  but in the future I can not because we are using smart devices in the digital world and we can use payment tools online  such as bitcoin, altcoins for it. I feel easier ans faster than fiat. it does not need much private information or verification on payment and It's easy to transfer money to another one .

Partly you are right but I think there always will be existing countries were digital payments are simply not possible, I must say that I still believe in Fiat if I think about such situations.
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January 13, 2017, 02:39:07 AM
 #1000

I believe in fiat so much I use it every day!


Seriously though, we don't want Bitcoin to overtake fiat. If we do we'll see every major power in the world seeking to exert influence and control over it. It's best if bitcoin is broadly available and accepted and thriving a step outside the spotlight. That is what will keep it going and give it unlimited and unhampered success.

You also use computers every day, but do you believe computers will continue to remain unchanged in the next 20 years?
Fiat may be something that has been there for the years, but times change. In a couple years people will completely switch to electronic banking and paying with cards, their phones, watches and so on. Next those who will want more control over their money will start using electronic currency and as demand will rise more businesses will start to accept crypto. It's progress.

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