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Author Topic: 99% of the people still think that fiat money are better than crypto  (Read 3281 times)
trickyriky
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February 01, 2018, 08:50:17 PM
 #221

Thats becouse the 99% dont understand the blockchain...

But you must also agree that those, who deal with cryptocurrency and use blockchain for work, business or other purposes, will never refuse from using fiat money. I still get my salary in fiat, and I doubt that if I were offered to get it in crypto, I’d agree.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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sheldonnnn
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February 01, 2018, 09:21:44 PM
 #222

Yeah, maybe in some cases fiat is better. For example, in my country, I can not use crypto currency as ordinary money. This is an investment and a great source of income for me, but not ordinary money that I can use in restaurants or stores.
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February 01, 2018, 11:52:21 PM
 #223

Yeah, maybe in some cases fiat is better. For example, in my country, I can not use crypto currency as ordinary money. This is an investment and a great source of income for me, but not ordinary money that I can use in restaurants or stores.

That is the reason why majority of the people around the world preferred fiat over bitcoin because of its availability and convenience to use without the need of internet. Bitcoin and other cryptocurrencies need internet if you want use it in any transactions and that transactions can only happen when you are online. Many people are not yet crypto literate or still don't know how to use cryptocurrencies and it will take time before they can able to use it.
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February 02, 2018, 06:55:58 AM
 #224

I personally for personal reason like that so many people still don't take it serious. I want to collect as much as I can before they do.
People don’t trust this virtual money. And the reason is simple because they don’t see this. This is psychology of humans that all those things that physical and people can sense them and see them, they believe in them. And those who are just intangible, they don’t want to know about them. They found them useless and worthless for the reason that this is some imaginations, reality is totally against them.
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February 02, 2018, 07:05:37 AM
 #225

bitcoin can be perceived as a tool for earning fiat
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February 02, 2018, 07:10:27 AM
 #226

This is due to the lack of knowledge about finance. And people prefer fiat money because the government has not facilitated the exchange so it will be difficult and complicated to use. Maybe after the run of time more advanced government and facilities adequate. Crypto chances will be more in use in the appeal of fiat money.
Lock00Live
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February 02, 2018, 07:12:25 AM
 #227

That's why 1% of the wealthy make up 99% of the world's wealth. Poor people often do not want and find things that can help them become richer and they accept it. While the rich are always looking for new ways of investing and modeling to generate profits for their assets. I hope that more people will know the cryptocurrency to change their lives in a better direction.

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February 02, 2018, 07:16:28 AM
 #228

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?
achieving hero rank not knowing that bitcoin is not totally anonymous?our personal data only has anonymity but our transaction wasnt..and i dont see any problem about what do people thinks if bitcoin or fiats are much better whats important is the help of each others to humans,and what could it brings for future
charlotte04
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February 02, 2018, 07:20:40 AM
 #229

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

Well, people that are in a nice job with a proper wages will still think that FIAT is better than crypto, but the fact is they are just afraid to take this change.
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February 02, 2018, 07:24:41 AM
 #230

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?
If nothing on the net is anonymous then such coins as Monero and ZCash, the main idea of which is anonymity of transactions can simply be abused. Am I right? And talking about anonymity of crypto currencies - I actually do not care about it, cause of I do not do anything criminally with those money. To me exactly those factors, that you've already mentioned (inflation,banks monopoly and control), are the most important and attractive thing in crypto currencies.
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February 02, 2018, 07:30:47 AM
 #231

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?
Yes it is true! The reason why most of the people are still prefer to use fiat money than digital money is because their knowledge about cryptocurrencies are still insufficient.

Kevin77
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February 02, 2018, 09:21:36 AM
 #232

Fiat money can be used in all places in a country, bitcoin cant be used everywhere, that is the one that making fiat money more efficient, but if you want to do transaction to another country then the best way without converting is through crypto, crypto offered a new way of payment and it is so easy to used, if bitcoin can be spend everywhere I think people will used crypto for payment
Fiat is better than cryptocurrency, it is the real money we make use of, and is widely accepted, not just everywhere, but by everyone. They can be used offline and online, and you can use them to buy whatever you need. When you buy Bitcoin, you make use of fiat, so that means that that is much better. Bitcoin is good, but you can’t compare it with fiat cause it’s an digital asset for the purpose of investment.
I don’t know why some people keep posting this…it makes no sense at all, and piss me off a lot. How can you be expecting everyone in the world to be making use of cryptocurrencies ?

Just because they have access to the internet doesn’t mean they should be using Bitcoin. Some people are doctors, and they are much busy than you can ever be, so you shouldn’t expect them to use the slightest chance they have for Bitcoin, while they have other reasons for being online. Everybody can’t be traders.
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February 02, 2018, 09:37:24 AM
 #233

If that's true, it means that only 1% or people in the world are aware of the potential of cryptos, and that means that you have a huge first move advantage.

It's a sign that you should be filling your bags.

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February 02, 2018, 10:44:02 AM
 #234

For now maybe fiat is better than crypto. But for me sooner or later Bitcoin will be better in the future.

manismanja
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February 02, 2018, 10:54:28 AM
 #235

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

yes you are still many who do not know the advantages and advantages of digital currencies such as bitcoin, it is ironic indeed when over the years technology continues to grow and the possibility of paper money is not in use again in the future because it is not too efficient but still many people who do not know it is because it is too ordinary and too long to use paper money and do not want to accept changes and more advanced developments.

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owlman
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February 02, 2018, 10:13:00 PM
 #236


Crypto currency is the future. But there will be a certain time before we can refuse from fiat money. For this, which is better - time will tell.

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HabBear
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February 03, 2018, 12:22:41 AM
 #237

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

It's hard to stash 10.000, 20.000, or 50.000 Euros in your pocket. And cash isn't anonymous either, you need to get it from somewhere and any significant amount will come from a bank and there will be a record that the bank gave you a boat load of cash.

Bitcoin is not entirely anonymous, but that makes it more agreeable from a regulatory perspective. If Monero, truly anonymous, coin took off do you think governments would let that fly? No? They'd brand it a "terrorists currency" and ban it forever. Obviously they can't rid the world of it but they can make it very difficult for any organization to deal with Monero, which makes it less useful.

Your friend is a sheep (a nice, cute, cool one), but a sheep none the less.
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February 03, 2018, 02:34:18 AM
 #238


Crypto currency is the future. But there will be a certain time before we can refuse from fiat money. For this, which is better - time will tell.
As of now, we cannot say that the cryptocurrencies will be the game changer for us because if we will realize that the fee in using cryptocurrencies and fiat is still have a huge gap because if you will use fiat in buying items, fiat is still better because you don't need to wait for confirmation and pay extra fee but i hope in the future that the cryptocurrencies will be just cheaper and faster than now.
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February 03, 2018, 02:47:59 AM
 #239

Well we can't force you to like bitcoin or any other crypto currency, If you dont want to use it then we can't help that. Bitcoin is just an alternative way to pay transactions faster and secured or if you want to freely use your money without anyone controlling it or tracking it. Even if you dont use digital currency right now im sure in the future you will when it becomes legalized and accepted as payment globally.

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February 03, 2018, 02:56:24 AM
 #240

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

Fiat Money is always available anywhere all things  they want to get using fiat money they got it, unlike cryptocurrency even it will more good benefits from it, but its obvious not all people are using this because they don't know how to use it. That's why many of them are stick to fiat money.
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