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Sled
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February 09, 2017, 07:43:06 PM |
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Yes, I still believe in fiat because why not? Our world is being supported by fiat. So if there is no fiat then our world will be like the old days that just doing barter because we don't have money to use to buy things that we want. But i believed that someday, bitcoin will be one of the popular currency that we were going to use and it will be huge help for the bitcoin community.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Hydrogen
Legendary
 Offline
Activity: 2562
Merit: 1441
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February 09, 2017, 10:28:02 PM |
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If it is true that valuation of fiat is a mirror reflection of the trust and faith the public has in the leadership of nations who issue fiat.
Given the rise of extremism in the world, it could be said faith in fiat is decreasing.
People generally turn to extremism when they feel abandoned by politics and economics and their faith in those institutions diminishes.
The rise of extremism could be considered a lack of faith in government, in our leaders and society.
That lack of faith in government and world leaders could translate to a lack of faith in fiat.
If faith in governments and fiat decreases enough, eventually people will have more faith in crypto than fiat.
Maybe the valuation of alt coins could rise significantly then?
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hurain
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February 10, 2017, 06:41:01 AM |
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Yes, I still believe in fiat because why not? Our world is being supported by fiat. So if there is no fiat then our world will be like the old days that just doing barter because we don't have money to use to buy things that we want. But i believed that someday, bitcoin will be one of the popular currency that we were going to use and it will be huge help for the bitcoin community.
yes still we do not have any option. Fiat is the basic for leading a good and standard life. although bitcoin is the next growing online currency, but still it cannot take the fiat place. it cannot over fiat. and we cannot totally depend on bitcoin for living, as bitcoin still cannot fulfill all our needs that fiat can do. may be in future when the number of bitcoin users will increase it can contribute a little more but currency we are depending on fiat. |
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EdenHazard
Legendary
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Activity: 2674
Merit: 1048
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February 10, 2017, 06:57:46 AM |
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Make sense everyone, we really do believe in fiat, as above stated, it is a fundamental thing to do, you know what, without this coins or bill in our pocket we are nothing, say no and tell me where you came from, we cannot deny the fact that in every move we make we really need to use money or our own currency, we cycled our lives to fiat. And in our own money we can say that our life will stable with that unlike having bitcoin in our wallet, we do not know when it will rises up or crashes down. Crypto currencies is just one way to earn money from it, but still needed to be converted to fiat to be useful in our real markets.
well if you say so then actually it is up to you on how you treat bitcoin , a lot of people still believe that bitcoin are really a revolution of money , future of money that can be used in real life as dollar right now , it is just the matter of time. but of course there is a long proccess and for now we have no reason to not trust fiat , as we still need it for daily life. |
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Zadicar
Legendary
Offline
Activity: 1316
Merit: 1020
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February 10, 2017, 07:02:59 AM |
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Yes, I still believe in fiat because why not? Our world is being supported by fiat. So if there is no fiat then our world will be like the old days that just doing barter because we don't have money to use to buy things that we want. But i believed that someday, bitcoin will be one of the popular currency that we were going to use and it will be huge help for the bitcoin community.
yes still we do not have any option. Fiat is the basic for leading a good and standard life. although bitcoin is the next growing online currency, but still it cannot take the fiat place. it cannot over fiat. and we cannot totally depend on bitcoin for living, as bitcoin still cannot fulfill all our needs that fiat can do. may be in future when the number of bitcoin users will increase it can contribute a little more but currency we are depending on fiat. True,we dont have any options to take but to believe strongly on fiat because its the most common needed for us to survive because without fiat then we cant buy anything we need in order to survive and as you said we cant live by only using bitcoin and we need fiat in able to use it on daily basis. |
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Gromozeka!
Legendary
Offline
Activity: 1330
Merit: 1007
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February 10, 2017, 07:25:40 AM |
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Yes, I still believe in fiat because why not? Our world is being supported by fiat. So if there is no fiat then our world will be like the old days that just doing barter because we don't have money to use to buy things that we want. But i believed that someday, bitcoin will be one of the popular currency that we were going to use and it will be huge help for the bitcoin community.
yes still we do not have any option. Fiat is the basic for leading a good and standard life. although bitcoin is the next growing online currency, but still it cannot take the fiat place. it cannot over fiat. and we cannot totally depend on bitcoin for living, as bitcoin still cannot fulfill all our needs that fiat can do. may be in future when the number of bitcoin users will increase it can contribute a little more but currency we are depending on fiat. True,we dont have any options to take but to believe strongly on fiat because its the most common needed for us to survive because without fiat then we cant buy anything we need in order to survive and as you said we cant live by only using bitcoin and we need fiat in able to use it on daily basis. The current economy is too tied to fiat, just go and give it too difficult, if not impossible, Bitcoin is a good alternative. In Japan, after a few months of Bitcoin is a legal means of payment. |
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Erza
Legendary
Offline
Activity: 1078
Merit: 1000
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February 10, 2017, 12:10:59 PM |
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Yes, I still believe in fiat because why not? Our world is being supported by fiat. So if there is no fiat then our world will be like the old days that just doing barter because we don't have money to use to buy things that we want. But i believed that someday, bitcoin will be one of the popular currency that we were going to use and it will be huge help for the bitcoin community.
yes still we do not have any option. Fiat is the basic for leading a good and standard life. although bitcoin is the next growing online currency, but still it cannot take the fiat place. it cannot over fiat. and we cannot totally depend on bitcoin for living, as bitcoin still cannot fulfill all our needs that fiat can do. may be in future when the number of bitcoin users will increase it can contribute a little more but currency we are depending on fiat. True,we dont have any options to take but to believe strongly on fiat because its the most common needed for us to survive because without fiat then we cant buy anything we need in order to survive and as you said we cant live by only using bitcoin and we need fiat in able to use it on daily basis. Yes for now it is really great to believe and hold fiat as much as possible because it is stil valuable but we never know how long this will hold on. Just because bitcoin come in and try to blend in our lives does not mean fiat is not use. May be for a couple of years this is going to be a big battle between bitcoin and fiat |
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Xenophoto
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February 10, 2017, 02:53:15 PM |
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Make sense everyone, we really do believe in fiat, as above stated, it is a fundamental thing to do, you know what, without this coins or bill in our pocket we are nothing, say no and tell me where you came from, we cannot deny the fact that in every move we make we really need to use money or our own currency, we cycled our lives to fiat. And in our own money we can say that our life will stable with that unlike having bitcoin in our wallet, we do not know when it will rises up or crashes down. Crypto currencies is just one way to earn money from it, but still needed to be converted to fiat to be useful in our real markets.
Not true. The money was made because of our ideas. Well, everything in the world are here because of the idea of the human kind and most of them are made for the betterment of the society but that's beside the point. Back then, we don't have any coins at all. We don't have bills in our pockets, I doubt that we even had pockets back then. We used to trade meat, herbs, and livestock back then but we sure were "something" and not nothing. Money is just one of the things that we invented to level up our lifestyle. After building up towns, houses, etc. The society has become developed enough to travel from one land to another and export/import products. And so we started to use coins as a measure of payment. |
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icecube45
Legendary
Offline
Activity: 1218
Merit: 1000
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February 10, 2017, 03:27:33 PM |
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Yes, I still believe in fiat because why not? Our world is being supported by fiat. So if there is no fiat then our world will be like the old days that just doing barter because we don't have money to use to buy things that we want. But i believed that someday, bitcoin will be one of the popular currency that we were going to use and it will be huge help for the bitcoin community.
yes still we do not have any option. Fiat is the basic for leading a good and standard life. although bitcoin is the next growing online currency, but still it cannot take the fiat place. it cannot over fiat. and we cannot totally depend on bitcoin for living, as bitcoin still cannot fulfill all our needs that fiat can do. may be in future when the number of bitcoin users will increase it can contribute a little more but currency we are depending on fiat. True,we dont have any options to take but to believe strongly on fiat because its the most common needed for us to survive because without fiat then we cant buy anything we need in order to survive and as you said we cant live by only using bitcoin and we need fiat in able to use it on daily basis. The current economy is too tied to fiat, just go and give it too difficult, if not impossible, Bitcoin is a good alternative. In Japan, after a few months of Bitcoin is a legal means of payment. Very difficult to alienate the fiat from lives of many people, everyone needs a fiat. Fiat is still believed by many people this time and I think it will continue to be trusted until whenever. You right bitcoin is a good alternative, but although bitcoin has been used as legal payment in some countries but fiat are still used. I think both will co-exist in the future. |
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Coin_trader
Copper Member
Legendary
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Activity: 2758
Merit: 1161
Leading Crypto Sports Betting & Casino Platform
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February 10, 2017, 03:32:08 PM |
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fiat or physical money can not be removed on people's life everyday, it is an essential in everyday living so, there's no space for the question, do you still believe in fiat? bitcoin becoming popular together with other crypto but still fiat is a basic tools for men for buying everything he desired.
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Superzpay
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February 10, 2017, 03:51:28 PM
Last edit: February 13, 2017, 09:18:58 PM by Superzpay |
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Yes, I still believe in fiat because why not? Our world is being supported by fiat. So if there is no fiat then our world will be like the old days that just doing barter because we don't have money to use to buy things that we want. But i believed that someday, bitcoin will be one of the popular currency that we were going to use and it will be huge help for the bitcoin community.
Yes that is right fiat is currently the world currency and is used almost all over the world and the governments support their fiat so how will a person not believe on fiat but I do not believe that in the future most of the people will use it for their international use because in using fiat for international use is a little bit harder and people want a convenient way of money for themselves so they will prefer bitcoin only for their international use. |
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grandy
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February 10, 2017, 08:29:58 PM |
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Yes, I still believe in fiat because why not? Our world is being supported by fiat. So if there is no fiat then our world will be like the old days that just doing barter because we don't have money to use to buy things that we want. But i believed that someday, bitcoin will be one of the popular currency that we were going to use and it will be huge help for the bitcoin community.
yes still we do not have any option. Fiat is the basic for leading a good and standard life. although bitcoin is the next growing online currency, but still it cannot take the fiat place. it cannot over fiat. and we cannot totally depend on bitcoin for living, as bitcoin still cannot fulfill all our needs that fiat can do. may be in future when the number of bitcoin users will increase it can contribute a little more but currency we are depending on fiat. bitcoin is the second option with us but i think it require a little more time and after that we will be able to buy any thing from bitcoin and hope that very soon we will be using bitcoin in local shops for buying and purchasing everything we want to buy. |
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grenade launcher
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February 12, 2017, 11:25:54 AM |
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Yes, I still believe in fiat because why not? Our world is being supported by fiat. So if there is no fiat then our world will be like the old days that just doing barter because we don't have money to use to buy things that we want. But i believed that someday, bitcoin will be one of the popular currency that we were going to use and it will be huge help for the bitcoin community.
yes still we do not have any option. Fiat is the basic for leading a good and standard life. although bitcoin is the next growing online currency, but still it cannot take the fiat place. it cannot over fiat. and we cannot totally depend on bitcoin for living, as bitcoin still cannot fulfill all our needs that fiat can do. may be in future when the number of bitcoin users will increase it can contribute a little more but currency we are depending on fiat. bitcoin is the second option with us but i think it require a little more time and after that we will be able to buy any thing from bitcoin and hope that very soon we will be using bitcoin in local shops for buying and purchasing everything we want to buy. It is a real desire to bitcoin fans, but the reality is quite different. If the state supports its banknotes even laws, and bitcoin has no such support, and at the slightest threat to Fiat, will apply the measures. |
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Kasabus
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February 12, 2017, 12:26:43 PM |
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Yes, I still believe in fiat because why not? Our world is being supported by fiat. So if there is no fiat then our world will be like the old days that just doing barter because we don't have money to use to buy things that we want. But i believed that someday, bitcoin will be one of the popular currency that we were going to use and it will be huge help for the bitcoin community.
yes still we do not have any option. Fiat is the basic for leading a good and standard life. although bitcoin is the next growing online currency, but still it cannot take the fiat place. it cannot over fiat. and we cannot totally depend on bitcoin for living, as bitcoin still cannot fulfill all our needs that fiat can do. may be in future when the number of bitcoin users will increase it can contribute a little more but currency we are depending on fiat. bitcoin is the second option with us but i think it require a little more time and after that we will be able to buy any thing from bitcoin and hope that very soon we will be using bitcoin in local shops for buying and purchasing everything we want to buy. It is a real desire to bitcoin fans, but the reality is quite different. If the state supports its banknotes even laws, and bitcoin has no such support, and at the slightest threat to Fiat, will apply the measures. There might be a support but not the same support with fiat, it was created by the government therefore it is just right that they will have to fully support it. Bitcoin is not a currency but just a payment system, this would have no value at all if there is no fiat as a basis of measurement of its value. |
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gufpmvgw3334
Member
Offline
Activity: 106
Merit: 10
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February 12, 2017, 01:04:08 PM |
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I believe in fiat. I just don't believe that everything will stay the same as today. I think that soon all the currencies that we have today, all of them will move to crypto form and paper money will go in history.
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sabbirshm
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February 12, 2017, 03:29:17 PM |
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Yes,I still believe in fiat cause i cant use bitcoin everywhere.My country has banned bitcoin recently so in my country bitcoin has no value now.So i use fiat to buy my daily accessories,give rent of my house etc.I cant depend on bitcoin to pay my college fees or other things.So,all the time i had to convert btc to fiat.So i have to say i am still believe in fiat.
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bitbunnni
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February 12, 2017, 03:33:09 PM |
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Do I believe in fiat? This is a very interesting question. And in that I still believe, if I get a salary in the Fiat, if utilities payments also pay in that currency, the choice I do not have so Fiat for me the most important thing.
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Superzpay
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February 12, 2017, 03:35:53 PM
Last edit: February 13, 2017, 09:02:30 PM by Superzpay |
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Do I believe in fiat? This is a very interesting question. And in that I still believe, if I get a salary in the Fiat, if utilities payments also pay in that currency, the choice I do not have so Fiat for me the most important thing.
yes the uses of fiat is now normal and there is no any problem or crash in fiat so people do not worry for to use fiat and they have a full believe on fiat and are feeling secured with the use of fiat because they know that it is regulated by the government. They know well that no one can harm a thing which is regulated and guaranteed by the government. |
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savioroshan
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February 12, 2017, 03:43:22 PM |
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Yeah, I still believe in fiat. How much ever bitcoins become popular, fiat currencies will exist. Bitcoin cannot overtake fiat currencies .Its because none of the governments will allow that. Yeah offcourse even if governments allow bitcoin transactions, they will definitely find a way to regulate it by asking individuals who want to use bitcoins to take expensive license or some sort of thing that average or middle class people cannot afford it. Because governments wont allow people to do transactions anonymously because governments know what will happen if it reaches in false hand, it will be even threat to the whole nation.
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Empire10
Newbie
Offline
Activity: 14
Merit: 0
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February 12, 2017, 03:51:35 PM |
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No, because it's value can be manipulated and lose value through inflation (stealth tax).
Yes, because the government has a monopoly on legal tender and I'm unlikely to be paid in bitcoin anytime soon.
I think btc is good as a store of wealth and a hedge against fiat. I don't think it will ever take off as an actually currency whilst there is a need to switch between fiat / btc in order to purchase lifes essentials (food / shelter, etc).
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