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Author Topic: 99% of the people still think that fiat money are better than crypto  (Read 3281 times)
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April 07, 2018, 08:29:44 PM
 #381

Until adoption reaches the same scale as fiat, cryptocurrency will never be as inherently useful as "money". This is moreso due to the fact that society and commerce are set up around a "physical money" paradigm. When more merchants accept Bitcoin, it will be much easier to use, and subsequently much more useful
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April 07, 2018, 08:48:46 PM
 #382

I think, that I will agree with something, what your friend said, bitcoin and other cryptocurrencies are not really anonymous, of course we can mix them use different address, different sites, but this all ending when we cashing out them. Of course here one way, if you will find random guy who will agree to buy your coins for cash, but I'm not sure that if it will possible and safe for large amounts, what starting from 100,000+$.
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April 09, 2018, 05:47:18 AM
 #383

I think, that I will agree with something, what your friend said, bitcoin and other cryptocurrencies are not really anonymous, of course we can mix them use different address, different sites, but this all ending when we cashing out them. Of course here one way, if you will find random guy who will agree to buy your coins for cash, but I'm not sure that if it will possible and safe for large amounts, what starting from 100,000+$.
indeed in the end our wallet will be converted to fiat currency, from there we can use to buy daily need, because in my country is prohibited transactions using cryptos. and in the local exchanger is listed our identity data, so it is not purely anonymous

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April 09, 2018, 05:53:10 AM
 #384

I think, that I will agree with something, what your friend said, bitcoin and other cryptocurrencies are not really anonymous, of course we can mix them use different address, different sites, but this all ending when we cashing out them. Of course here one way, if you will find random guy who will agree to buy your coins for cash, but I'm not sure that if it will possible and safe for large amounts, what starting from 100,000+$.
indeed in the end our wallet will be converted to fiat currency, from there we can use to buy daily need, because in my country is prohibited transactions using cryptos. and in the local exchanger is listed our identity data, so it is not purely anonymous

It will still be the same till the time all government come together and say they do support this and then we can expect the change to happen. Till the time government allows  and encourage the crypto currency it will be difficult for people to use in daily needs.

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April 09, 2018, 05:54:57 AM
 #385

It is not the calculations that you can easily say that fiat money will better than crypto while for me crypto is also very important and in the present time crypto is uses in the world with fiat in some situation crypto are providing assistance and convenience while for us the online payments is only good with bitcoin and other crypto coins.

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April 09, 2018, 06:16:02 AM
 #386

     According to my concept 99% of the world population are not aware of crypto so they think that fiat currency are better than crypto and people also fear the government since the government might bring some regulations since they fear the power of the government may lose . The government will have to accept crypto's  since some countries will legalize Bitcoin or other altcoins in future and they will introduce their own digital currencies and so all have to accept it.

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April 09, 2018, 07:41:28 AM
 #387

Well most likely to those people who say's Fiat is still better than crypto I think they do not know how it works they do not have enough knowledge on how get into it and because Fiat is visible so they think crypto currencies can only be used through internet but if they learned more about crypto probably they will change their mind and they more become interested to enter in crypto world.
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April 09, 2018, 07:56:07 AM
 #388

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?

Many people said that because they have traditional mindset. Money in pocket is not safe because we lose it or maybe damage but cryptocurrency more safe than fiat money because its digital on our wallet. About anonymity, money under our pillow is not anonymous because eventually its will ended on bank with our bank account when new money printed

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April 09, 2018, 02:26:27 PM
 #389

     According to my concept 99% of the world population are not aware of crypto so they think that fiat currency are better than crypto and people also fear the government since the government might bring some regulations since they fear the power of the government may lose . The government will have to accept crypto's  since some countries will legalize Bitcoin or other altcoins in future and they will introduce their own digital currencies and so all have to accept it.
I do not think 99% of people in the world do not know about bitcoin, this number is definitely less, lots of people know about bitcoin but they have no trust in bitcoin because as you say, the government is involved in this matter when they always have bans and spread the news bitcoin is a scam to everyone. In addition, people just think bitcoin is an investment, it can not become a currency applied to real life when value changes and it is not accepted everywhere, can not compare with fiat money, fiat money is more convenient when easy to use and popular

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April 09, 2018, 02:30:53 PM
 #390

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?
This seems to be an unending issue. But we might as well keep in mind that we all have freedom to choose. They are probably saying it because fiat has a more stable market value than cryptos which are volatile so it is risky to convert their money into it. Other than that, maybe the support from the government is also something that they consider which made them think of such thing.

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April 10, 2018, 04:22:20 PM
 #391

It's hard for people to rebuild their minds and open it for a new one. The practice of paper money has existed for many generations and it will not be easy to completely abandon them. On the other hand, development is now accelerating the pace and the human consciousness is used to changing



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April 10, 2018, 06:16:51 PM
 #392

At the moment, it's really impossible to do without fiat money, as not everywhere crypto currency is accepted as a means of payment, but in the near future, I think the situation will change and the world will see all the usefulness and ease of use of crypto currency.
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April 10, 2018, 06:31:41 PM
 #393

I think, that I will agree with something, what your friend said, bitcoin and other cryptocurrencies are not really anonymous, of course we can mix them use different address, different sites, but this all ending when we cashing out them. Of course here one way, if you will find random guy who will agree to buy your coins for cash, but I'm not sure that if it will possible and safe for large amounts, what starting from 100,000+$.

True. They are not 100% anonymous. If a criminal uses the cryptocurrency to do some illegal things, he can be caught easily. IP address will show the way to him.
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April 10, 2018, 06:42:38 PM
 #394

True. They are not 100% anonymous. If a criminal uses the cryptocurrency to do some illegal things, he can be caught easily. IP address will show the way to him.

They were saying similar things about credit card fraudsters (easy to catch etc), yet only few of them are being arrested each year.

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April 10, 2018, 06:47:03 PM
 #395

We still nedd some time to pass before most people will recognise crypto the same level and higher than the money, they were used to pay a hundred years, so be patient.
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April 13, 2018, 03:57:57 PM
 #396

At the moment, it's really impossible to do without fiat money, as not everywhere crypto currency is accepted as a means of payment, but in the near future, I think the situation will change and the world will see all the usefulness and ease of use of crypto currency.
for now i think cryptos more used for investment not for transaction tools. so because there are not many who provide payment using cryptos then cash money is more effective for current transaction
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April 13, 2018, 04:31:42 PM
 #397

That isn't correct for me. I think cryptocurrencies the most profitable, secure, safety money all of the world. Who said it to you, they didn't understand what is the cryptocurrencies and you need to tell them about cryptocurrencies.
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April 14, 2018, 02:10:23 PM
 #398

Everyone is free to think and choose whatever he thinks it's right at hi eyes, but your friend lacks of knowledge, we have the best anonymous crypto, I'm talking about Monero and ZCash, which provides a solid privacy with their operations
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April 15, 2018, 05:35:08 PM
 #399

That's why cryptos are not widely accepted, our society is not ready for them, as long as people keep thinking like cryptos are like paper money and can be used in the same situations
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April 16, 2018, 03:22:45 AM
Last edit: April 23, 2018, 09:36:51 AM by Visbay
 #400

Everyone is free to think and choose whatever he thinks it's right at hi eyes, but your friend lacks of knowledge, we have the best anonymous crypto, I'm talking about Monero and ZCash, which provides a solid privacy with their operations
You are right there are a lot of people in the world and everyone has different thinking about bitcoin, so those who think bitcoin is better than fiat will earn from bitcoin and those who think fiat is good then they will lose the opportunity so better if you favor bitcoin, we can buy with bitcoin, we can pay with bitcoin, we can earn with bitcoin and we can save bitcoin so I think fiat is lower in value than bitcoin.
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