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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 21, 2018, 06:29:51 PM
 #441

I also think that way, that paper money is better than crypto. The reason is because my country does not accept payment using crypto. So paper money looks better than crypto.
Well, this is a real and accurate thing, crypto can not be compared to paper money because the support from the government is very low, and it is only a field born in recent years, it does not create the necessary credibility for everyone, the number of people who care about crypto is still a pitiful number. While the number of people using paper money is overwhelming, in addition, the value of paper money is almost fixed while crytpo is changed, it makes people feel very uncomfortable in the transaction then feel depressed in the process of waiting for confirmation

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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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April 22, 2018, 05:52:04 AM
 #442

We could not blame them we don't have a right to dictate what they liked a digital cryptocurrency money or a fiat, fiat is an easy and convenient money on us to spend it is handy and easy to put in the pocket. Maybe some of them refused about digital money it because it needs a internet connection before you buy. They have spent years of their life making use of fiat,  so we can't blame them.
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April 23, 2018, 04:33:49 AM
 #443

For now i think fiat money is better than crypto, why? Because fiat money is vicible, can take in anywhere and fast transaction. Crypto must take a time to transfer from one wallet to other wallet, so fiat money is better than crypto from now. But i think if crypto can rise and give improvment, i believe if crypto can will be legal currency.
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April 23, 2018, 04:49:20 AM
 #444

A huge percentage of the people that think fiat is better than cryptocurrencies do not truly know about the potential of it.
Though they do have a point, fiat have come a longer way - it is strengthened by time and support of government.
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April 23, 2018, 06:31:12 AM
 #445

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 true that bitcoin has gained a lot of popularity  among the people all over the world and because of which its users have also increased a lot. But still I don’t think that bitcoin is better than Fiat currency. This is because firstly, Fiat currency is way more popular than crypto currency. Fiat currency has many more Users than crypto currency who only use Fiat currency. Fiat currency is trusted by most of the people where as crypto currency is not trusted by most of the people.
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April 23, 2018, 06:36:28 AM
 #446

A huge percentage of the people that think fiat is better than cryptocurrencies do not truly know about the potential of it.
Though they do have a point, fiat have come a longer way - it is strengthened by time and support of government.

Indeed. Many peoples still thinking fiat better than cryptocurrency because they dont know about cryptocurrency and crypto potential in the future. I am believe that in digital world and internet era, transaction in internet become usual and fiat can not handle that transaction because its very expensive on the fee if using fiat and cryptocurrency have advantages on that part with providing lower fee and fast transaction
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April 23, 2018, 06:36:39 AM
 #447

BTC is decentralized anyone can use it, some people are not willing to accept new things that is their power, we can't force them to accept the BTC, but I believe that over time there will be more and more people know the benefits of BTC and accept it.
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April 23, 2018, 09:50:54 AM
 #448

This might be true that 99% of the people still think that fiat money are better than crypto because fiat money is still the accustomed of many people around world , even the popularity of bitcoin in the digital world but outside , bitcoin is not known yet by all people especially
That is absolutely right. As the people are continuously using paper money since ages, so we can expect a very comfortable environment and feeling for them with paper money. While bitcoins are new and they seem a little scam as well to some people, but what if the ages will passed and we will be seeing bitcoins to be used at every level. By then, people will definitely chose bitcoins over fiat money.
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April 23, 2018, 10:22:32 AM
 #449

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 purpose of people gathering as much bitcoin is to get fiat currency more because when we have digital assets and the price soars, then everyone will sell the asset to get the dollar. Saving fiat money is safer than storing bitcoins.
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April 23, 2018, 10:37:50 AM
 #450

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?
My friend I think they are more comfortable of fiat because it is easy and already in used when they started to grow up.That's my opinion on why people love fiat.
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April 23, 2018, 10:44:15 AM
 #451

I also think that way, that paper money is better than crypto. The reason is because my country does not accept payment using crypto. So paper money looks better than crypto.
Well, this is a real and accurate thing, crypto can not be compared to paper money because the support from the government is very low, and it is only a field born in recent years, it does not create the necessary credibility for everyone, the number of people who care about crypto is still a pitiful number. While the number of people using paper money is overwhelming, in addition, the value of paper money is almost fixed while crytpo is changed, it makes people feel very uncomfortable in the transaction then feel depressed in the process of waiting for confirmation
I think the factor of support from the government is also very influential. when the government does not provide any legalization to the crypto. of course only a few stores accept bitcoin and that will make the lack of interest of people to use crypto as a means of payment because of the limited merchants who accepting bitcoin. that's what makes people prefer fiat
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April 23, 2018, 10:58:23 AM
 #452

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 more used to people than "unintelligible" cryptocurrencies. Most people don't know how to use cryptocurrency and where to buy it and why. I think, that gradually, it will be used everyday by all people Roll Eyes
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April 23, 2018, 01:20:01 PM
 #453

I also think that way, that paper money is better than crypto. The reason is because my country does not accept payment using crypto. So paper money looks better than crypto.
Well, this is a real and accurate thing, crypto can not be compared to paper money because the support from the government is very low, and it is only a field born in recent years, it does not create the necessary credibility for everyone, the number of people who care about crypto is still a pitiful number. While the number of people using paper money is overwhelming, in addition, the value of paper money is almost fixed while crytpo is changed, it makes people feel very uncomfortable in the transaction then feel depressed in the process of waiting for confirmation
I think the factor of support from the government is also very influential. when the government does not provide any legalization to the crypto. of course only a few stores accept bitcoin and that will make the lack of interest of people to use crypto as a means of payment because of the limited merchants who accepting bitcoin. that's what makes people prefer fiat

Well information isn't distributed well enough yet i think. Negative news about bitcoin and how it's perceived to be a bubble or a scam are making more rounds than the technology that bitcoin presents. That's why most people see it in a negativr light.

 
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April 23, 2018, 02:29:49 PM
 #454

Maybe that is true that more people think that fiat money is better than cryptocurrency, I think the reason is they didn't know how to work on it and always think that crypto is a scam. Lack of knowledge in the world of crypto.
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April 23, 2018, 02:38:32 PM
 #455

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?

We cannot change people's mind because there are governments who are hindering their own people to know about cryptocurrency since they are afraid that someday, no one will be interested on working in the corporate world.
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April 23, 2018, 02:58:04 PM
 #456

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?

Most people still believes on fiat money, because it still is the best way for transaction. Bitcoin offers alternative payment system that companies or stores can use for their customer's convenience.

People who refuse to believe in bitcoin's potential are people who have less or no knowledge about bitcoin. They got used to conventional way of transactions and feel more safe about that. Just like you said "Nothing on the internet is anonymous" meaning some people have the same mentality as yours so they choose not to trust bitcoin.
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April 23, 2018, 02:59:05 PM
Merited by Daboy_Lyle (2)
 #457

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?

Actually he said perfectly yes it's true. But if ever he know about crypto currency and what benefit he could get maybe it's time could change his mind. One of my friend is expert in crypto currency and he said if you know about crypto coin you are not a normal human because your mind is open wide than the normal people who don't know about cryptocoins.
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April 23, 2018, 03:00:11 PM
 #458

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 is true what your friend said. It's important to understand though that international transactions are not anonymous except doing it via cryptocurrencies and even that needs to be done the right way.

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April 23, 2018, 03:18:06 PM
 #459

For me, We cannot deny the truth; you are correct all most of people are stay recognized and use the fiat. Bitcoin is still unfamiliar mostly to a place that has a problem or lack of internet connection or to those place that bitcoin is illegal. Fiat or real money will remain forever currency that people will use. Digital currency is the only additional option of currency. It is better to have the bitcoin more than to have a bank account. If we compare them both fiat and bitcoin, bitcoin is smooth transaction and profitable way more than fiat. Smiley
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April 23, 2018, 03:31:00 PM
 #460

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?

Most people still believes on fiat money, because it still is the best way for transaction. Bitcoin offers alternative payment system that companies or stores can use for their customer's convenience.

People who refuse to believe in bitcoin's potential are people who have less or no knowledge about bitcoin. They got used to conventional way of transactions and feel more safe about that. Just like you said "Nothing on the internet is anonymous" meaning some people have the same mentality as yours so they choose not to trust bitcoin.


We cannot blame people for not trusting bitcoin right away, but  If we are to put this in statistics, based on january 2018, bitcoin users has grown up to 40% of the total population, i dont know if it is true but if it is, only 60% are still ignorant or has no knowledge about bitcoin, it is based on the bitcoin users mapping in this link i have read, we are now on the end of this quarter and i think the stats has climbed up.

Here is the link : https://www.zerohedge.com/news/2018-01-16/mapping-bitcoins-legality-around-world

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