Do you Still believe in Fiat?

[coynedterm]

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 .

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[Rooster101]

Fiat will remain popular and trusted by the majority of people because it is always available to use offline than the bitcoin. Although it is not inflation-free, fiat is less volatile than the cryptocurrencies in the digital world.

[bajing]

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.

[wxa7115]

I will dare to guess most of the citizens in the world don't know how money really works, a lot of them will not understand it even if we explain it to them and some will refuse to understand it out of fear or something else, we are a minority those who have a lack of understanding of the world economy outnumber us.

[noictib]

Why you not believe in fiat ? I think everyone believe in fiat as believe in bitcoin. It's same imo, currency for paying or buying something. And bitcoins for online things.

Ofcourse , You Said true . As we are in Bitcoin work because we want earn Money in form of Bitcoin and then for our daily need we will convert Bitcoin into fiat without thinking anything , because before Bitcoin fiat is a main thing for which are making hardwork in the Bitcoin job .

[Mastsetad]

Fiat will remain popular and trusted by the majority of people because it is always available to use offline than the bitcoin. Although it is not inflation-free, fiat is less volatile than the cryptocurrencies in the digital world.

Exactly, no matter how fiat is and how it works, no matter if it has taxes and other things that might bother some of us, though it may have many problems but it is always usable no matter where we go we can use fiat, but not bitcoins, so we can't help but believe in fiat.

[TheUltraElite]

Fiat will remain popular and trusted by the majority of people because it is always available to use offline than the bitcoin. Although it is not inflation-free, fiat is less volatile than the cryptocurrencies in the digital world.

Exactly, no matter how fiat is and how it works, no matter if it has taxes and other things that might bother some of us, though it may have many problems but it is always usable no matter where we go we can use fiat, but not bitcoins, so we can't help but believe in fiat.

Fiat is accepted and widely used in every part of a country. Least known currency in my country is probably bitcoin.

As long as poverty and illiteracy remain in the country fiat will exist since the bitcoin users are requiring a proper device and proper internet connectivity which is lacking in many parts of the world along with knowledge about the security of the system - it is still not trusted by several people and looked upon as a ponzi scheme.

So bitcoin will be existing but fiat will also rule the world.

[lionheart78]

Fiat will remain popular and trusted by the majority of people because it is always available to use offline than the bitcoin. Although it is not inflation-free, fiat is less volatile than the cryptocurrencies in the digital world.

Exactly, no matter how fiat is and how it works, no matter if it has taxes and other things that might bother some of us, though it may have many problems but it is always usable no matter where we go we can use fiat, but not bitcoins, so we can't help but believe in fiat.

Fiat is accepted and widely used in every part of a country. Least known currency in my country is probably bitcoin.

As long as poverty and illiteracy remain in the country fiat will exist since the bitcoin users are requiring a proper device and proper internet connectivity which is lacking in many parts of the world along with knowledge about the security of the system - it is still not trusted by several people and looked upon as a ponzi scheme.

So bitcoin will be existing but fiat will also rule the world.

Well if you look at bitcoin economic system at this point, it resembles big ponzi scheme.  But before going berserk, let us define what ponzi scheme is.

Code:

Pon·zi scheme
ˈpänzē ˌskēm/
noun
a form of fraud in which belief in the success of a nonexistent enterprise is fostered
 by the payment of quick returns to the first investors from money invested by later investors.

Doesn't the definition resemble what is happening in bitcoin atm?  You can omit the fraud or nonexistent enterprise in that definition but it is true that  profit from bitcoin came from the money of the the later investors.

[Harlot]

Fiat will remain popular and trusted by the majority of people because it is always available to use offline than the bitcoin. Although it is not inflation-free, fiat is less volatile than the cryptocurrencies in the digital world.

Exactly, no matter how fiat is and how it works, no matter if it has taxes and other things that might bother some of us, though it may have many problems but it is always usable no matter where we go we can use fiat, but not bitcoins, so we can't help but believe in fiat.

It's not a matter of if it can be use offline or online. Fiat money being dominant has its reason, one major reason is a country's government. A government can dictate what is legal or illegal, some countries are even banning the use/owning Bitcoin. That is how the government works it can make there fiat money more important with their new laws. Fiat is something that everybody needs because it is what a country's most liquid asset.

[Bestwishes745]

Fiat will remain popular and trusted by the majority of people because it is always available to use offline than the bitcoin. Although it is not inflation-free, fiat is less volatile than the cryptocurrencies in the digital world.

You are right but these are the chances that with the advancement of bitcoin it is sure that some resources will be developed so that people will not need internet for processing their bitcoin transactions and will use their bitcoins in the same method just like we use our bank ATM cards.

[Positid]

Fiat will remain popular and trusted by the majority of people because it is always available to use offline than the bitcoin. Although it is not inflation-free, fiat is less volatile than the cryptocurrencies in the digital world.

You are right but these are the chances that with the advancement of bitcoin it is sure that some resources will be developed so that people will not need internet for processing their bitcoin transactions and will use their bitcoins in the same method just like we use our bank ATM cards.

Actually it's not that easy, by using bitcoin as online currency, we do not need to comply a lot of laws impose by the government, however if we are planning a different level for people to adopt which we want to make physical appearance in an area, then it will be a little more complicated.

[olushakes]

Believing in FIAT is still a fundamental thing because as at today over here, there is no way I will spend my Bitcoin to get some basic things without first converting to FIAT and there is nothing I can do about it. As no ones know the future, probably when a position has been taken by government functionaries as I learnt discussions are ongoing then I can stop believing in Fiat.

[freedomgo]

Believing in FIAT is still a fundamental thing because as at today over here, there is no way I will spend my Bitcoin to get some basic things without first converting to FIAT and there is nothing I can do about it. As no ones know the future, probably when a position has been taken by government functionaries as I learnt discussions are ongoing then I can stop believing in Fiat.

No option for us but to believe in fiat, it is what we need to spend for our daily needs and wants, so without fiat we will not be able to buy anything and certainly we will not survive in this world. Bitcoin is only for investment.

[Vivace92]

Fiat is still we need, this is to avoid speculation. Of course we will be confused if the price is always changing. The government must use fiat money to make stabil economic.

[BeGoods]

Fiat is still we need, this is to avoid speculation. Of course we will be confused if the price is always changing. The government must use fiat money to make stabil economic.

because all governments around the world are using fiat currency for each country. so there is no reason not to believe in fiat. because fiat backed by the government itself. so it is definitely safe right ?

[Superzpay]

Fiat is still we need, this is to avoid speculation. Of course we will be confused if the price is always changing. The government must use fiat money to make stabil economic.

because all governments around the world are using fiat currency for each country. so there is no reason not to believe in fiat. because fiat backed by the government itself. so it is definitely safe right ?

The other point which show that fiat is stable because fiat is regulating at efficient and sufficient level everywhere while bitcoin is not regulated everywhere and it is still in the initial stage and the promotion and development is still in progress and when  time come when bitcoin will be provided everywhere then it will also come to stability.

[lionheart78]

Believing in FIAT is still a fundamental thing because as at today over here, there is no way I will spend my Bitcoin to get some basic things without first converting to FIAT and there is nothing I can do about it. As no ones know the future, probably when a position has been taken by government functionaries as I learnt discussions are ongoing then I can stop believing in Fiat.

No option for us but to believe in fiat, it is what we need to spend for our daily needs and wants, so without fiat we will not be able to buy anything and certainly we will not survive in this world. Bitcoin is only for investment.

Bitcoin is yet to come to the point of mass adoption, considering the population and merchants that accept it as currency.  There are small percentage of Bitcoin holder and majority of them are investors waiting for the price to increase and sell.  So definitely bitcoin as investment is already established but bitcoin as accepted currency by majority of the world is yet to happen.  So I agree that there is no choice but to believe in fiat but having a faith on it is a different story.

[hase0278]

For now I think I got faith in fiat since it is the one mostly needed to survive in this world of ours where fiat money is the payment for many services. In the future though, im not certain whether I will believe fiat or not since I think it's system is made to benefit the government, not the people so to sum it all up, I believe it for now but I don't put my full trust on it.

[dawnpot]

Yes,Fiat currency will be used until the whole world decides to abolish it and I don't see any country doing that in the near future so it's reasonable to keep faith with it while it last.

[zagarcoin]

I think, Almost everyone  believe fiat and  believe in bitcoin. I think they are just the same Fiat for paying or buying something. car,house and another reply, And bitcoins for online things.