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Author Topic: Cyrpto vs Fiat  (Read 6885 times)
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August 01, 2016, 10:01:19 AM
 #21

Using fiat or cryptocurrencies will give you a different benefits but, all about it's just for make easily for the human's life, like fiat you can take the benefits like, Is very easy to use that in your environment, filled your daily needs and another benefit you can get from fiat and the cryptocurrency will give benefits like the decentralized system you will get to secure your data, but it's just some example for the benefits you can get from them.

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August 01, 2016, 10:10:22 AM
 #22

Crypto is has its own height But but fiat currency is need for local trade.

But Crypto currency have that much power can replace fiat currency. As these are directly evaluated in fiat currency.
Upcoming world is digital and already beginning launched in form of Bitcoin.
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August 01, 2016, 10:12:16 AM
 #23

We all know the similarities and differences , advantage and disadvantages of the two.  Crypto  is pushing a decentralized form of  monetary system while fiat money is already under a centralized monetary system.  Crypto being easily transmitted globally while specfic country fiat money need to be converted to international currency then convert it to wherever country is the one receiving it.
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August 01, 2016, 10:17:22 AM
 #24

Fiat has long back existence as well history compared to our cryptographic currency network. Now due to the high potential bitcoin have reached more users in a short span but won't get used similar to fiat. Over the falling years at least 10% increase from current users is expected.
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August 01, 2016, 12:17:35 PM
 #25

Well, that's pretty simple.

Fiat has zero positive aspects or advantages. One can only point out the negatives: Fiat is political money, subject to the interventionist Ponzi schemes of government-controlled central banks. Fiat has therefore a built-in value destruction function. Fiat is neither a safe store of value, nor a recommended way to transfer value. Using fiat, you are subject to surveillance and arbitrary harassment by banks and the officialdom that constantly invent new pretexts to illegitimately extract funds from the respectable individual to further accelerate their cancerous growth.

With Bitcoin you have a safe store of value that exists outside the fiat Ponzi scam. If you use it peer-to-peer with no intermediaries and fiat conversion, you can also get rid of most of the invasions of privacy attached to fiat use.

ya.ya.yo!

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August 01, 2016, 12:25:03 PM
 #26

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each?  Smiley

i think it doesn't matter how many more topics about this subject are created and how many people reply to it, nobody will undestand the difference really until they have tried both systems themselves for some time.

obviously we have all used fiat so we don't need more experience there, so i suggest you use bitcoin for real like in going out and buying something with it to feel for yourself what the difference is.

Buying the dip...
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August 01, 2016, 12:25:50 PM
 #27

Fiat has long back existence as well history compared to our cryptographic currency network. Now due to the high potential bitcoin have reached more users in a short span but won't get used similar to fiat. Over the falling years at least 10% increase from current users is expected.
even though the existence of fiat has a far bigger history in my opinion bitcoins will be way bigger in the future, i think everyone will be using it every day

 
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August 01, 2016, 12:32:18 PM
 #28

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each?  Smiley
Prefer cryptocurruncy because they are fast,secure and you have full contol on your money. But it will take lot of time before cryptocurruncy replace fiat or it may never happen in my lifetime
well what make you think you don't have a full control of fiat money even you're holding its and can use or store it by your will and right?
also fiat (physical money) don't need even a confirmation,however bitcoin could win on digital side

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August 01, 2016, 01:22:41 PM
 #29

If i had to choose i would go for bitcoin, as an online investor and buyer, bitcoin has all to support the marketplace 24/7 something with fiat you arent able, banks controls your money and offer you credit cards with their fees. For a daily basic it would need cash but bitcoin can be sold and bought anytime for any place, trusted for sure. The fact the governement has no control over it or tax makes bitcoin more shinning as well.
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August 01, 2016, 01:40:07 PM
 #30

If I had to choose I would go for fiat.
Everybody accepts it, and one dollar today will be worth about the same tomorrow.
But since I can have both, I take both!
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August 01, 2016, 02:37:19 PM
 #31

If I had to choose I would go for fiat.
Everybody accepts it, and one dollar today will be worth about the same tomorrow.
But since I can have both, I take both!

Fiat is needed for survival, but crypto is the future, so yeah it is hard.
But we don't have to choose, we are lucky enough to be able to use both, which is exactly what I am doing at the moment.
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August 01, 2016, 02:57:46 PM
 #32

Of course I use much more fiat than bitcoins.
Cash and coins have the advantage of being relatively anonymous.
But everybody needs a bank account, at least where I live.
I would say that fiat is necessary, and bitcoin luxury.
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August 01, 2016, 05:43:12 PM
 #33

Depends on the usage mainly.  Both has its own benefits, like bitcoin can be used instantly through the internet while fiat can be used when you buy from a physical store. But honestly, I'd prefer bitcoin over fiat because fiat has its own restriction, and that is if its not under the jurisdiction of the government, you can't use it directly, whereas in bitcoin, it is globally accepted. Plus, no one controls bitcoin.

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August 01, 2016, 05:48:44 PM
 #34

If I had to choose I would go for fiat.
Everybody accepts it, and one dollar today will be worth about the same tomorrow.
But since I can have both, I take both!

Fiat is needed for survival, but crypto is the future, so yeah it is hard.
But we don't have to choose, we are lucky enough to be able to use both, which is exactly what I am doing at the moment.

Why is fiat used for survival? Do you mean people use it on a daily basis to buy day to day groceries and for that reason it falls under the survival side? There are a guy who lived on Bitcoin for 1 year

and travelled all over the world, without having to use fiat for day to day survival, so you can survive on bitcoin if you need to. The advantage Bitcoin has over fiat is that you can use it globally without

having to convert to other currencies to pay for services and goods. {You use it directly between people}  Wink


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data1
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August 01, 2016, 05:50:00 PM
 #35

crypto's are just a developed faints. faint are pfysical and crypto are virtual it has no rules and regulation and we are free to use it

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crairezx20
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August 01, 2016, 06:02:55 PM
 #36

They difference but you can use the to buy but bitcoin has still have a limitation and i think fiat will be still the best to choose for local and internationality bitcoin can help your fiat to transfer all over the world fast.. you can get benefits in bitcoin just to buy and hold for a long time and sell it when the price of bitcoin is high..
CroIsBest
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August 01, 2016, 06:08:18 PM
 #37

I am sure that it will really crypto always after five to ten years be more popular value than fiat.Fiat will nobid  use after five to ten years maybe because cypto big popularity in this sencury.
mishra1994
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August 01, 2016, 06:11:06 PM
 #38

Both fiat and crypto have their own advantages,they are pretty unique if compared to each other and the choise may be different from person to person.I would select fiat just because we can use it in our day to day life and for our daily needs.Crypto is not that established and popular till now and used mostly online but yet it has it own good advantage which fiat doesnt.
The Sceptical Chymist
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August 01, 2016, 06:14:31 PM
 #39

You mean people still use regionally locked monies? Grin
That's a clever play on words, and I hope one day we'll look back on the USD, the euro and all the other currencies as exactly what you said.  This world is going to fail if we continue with all this tribal bullshit.  Wars will kill us all.  Economic repression will kill us all.  And that's the beauty of bitcoin.  Brings us all closer together.   Forget what I said about the Philippines the other day.   Shocked

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raphma
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August 01, 2016, 07:03:10 PM
 #40

why choose? use them both.

Both fiat and crypto have their own advantages,they are pretty unique if compared to each other and the choise may be different from person to person.I would select fiat just because we can use it in our day to day life and for our daily needs.Crypto is not that established and popular till now and used mostly online but yet it has it own good advantage which fiat doesnt.
you can use bitcoin that way too, just order a bitcoin debit card. it is visa/mastercard so any place will accept.
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