Is bitcoin actually protecting fiat money?

[nebuch]

To be honest bitcoin is not paid by fiat to guard and secure fiat safetiness. Bitcoin is not slave to fiat in order to protect it. I am not convince about bitcoin protecting fiat. Sorry to say but fiat and bitcoin goes together in our time. You can't eat bitcoin seems to money. You can't drink bitcoin seems to money. But you can be able to change your fiat to bitcoin in order to have virtual currency. Also you can exchange your bitcoin to fiat in order to have foods and drinks. So to protect fiat is not bitcoin business.

[Ridwan Fauzi]

Exaggerated statements if the reason a country forbids bitcoin just for fear of inflation. As everyone knows, any country that is reluctant to accept cryptocurrency just because they fear inflation and make their fiat money is worthless. But after searching for more information on the effects of cryptocurrency on the economy of the country I do not see any impact on inflation, and even cryptocurrency can be used as a shield for every country to avoid the threat of inflation, everybody can use cryptocurrency as a place of investment. As is known by investment the threat of inflation will be avoided. This is just a boasting FUD spreader who does not like the development of cryptocurrency.

[kingkonjac]

the most dangerous game of the devil is to make people believe that it doesn`t exist. So also this may be the case with the recent crisis , inflation and the wish of absolute control, the decentralization may just be another step to the full centralization. 

[alizalela7]

Fiat's money is money. Fiat's money is government-backed, and money can be backed up by the different things you have. Bitcoin is protected by ffiat.

[syaripudin]

maybe if the government will create crypto that can be fully controlled by the government I think that's what can be said can protect fiat money. but different from bitcoin because of course bitcoin is a decentralized virtual currency so I do not think it can be said that bitcoin can protect fiat money.

[DMCR lah]

do not protect fiat money, on the other hand, bitcoin wants all transactions easier and faster, we do not need to make paper money and coins that make it require big funds, all transactions and money are stored in digital data, so the financial transaction will be cheaper, but our money will remain safe

[santiPOGI]

bitcoin is not protecting FIAT,
BTC is making an easy process with FIAT, it is supporting FIAT.
but will replace it in the near future.

[doraegun]

The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.

Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.

All inflation of price of fiat money are actually because of the high price value of some foreign goods that import to the certain country y=that actually affected of inflation of price. But when you say Bitcoin can protected to money by inflation of price I think that is big NO!.

[ArnoldChippy]

bitcoin is not protecting FIAT,
BTC is making an easy process with FIAT, it is supporting FIAT.
but will replace it in the near future.

Bitcoin do not have any concern with fiat, bitcoin is a totally different type of currency which  is only exist online, it do not have any physical existance but it can be use just like fiat for purchasing things and for so many other purposes, currency people are using bitcoin as an optional but in future we cane expect that bitcoin will using by the people as their first choice.

[jaysabi]

The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.

Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.

You can "inject" wealth into an economy. You can inject liquidity, for example, but wealth is created by economic activity which is determined by economic demand and you cannot artificially create that. Loose regulations can aide economic activity be decreasing the cost of operating a business, but it doesn't directly create any new wealth.

And no, pumping cryptos is not a financial shenanigan created to keep the old system afloat. That's a crazy conspiracy theory. There's nothing centralized about Bitcoin. It's a mass delusion that the masses perpetrate on themselves. The new "wealth" created comes from somewhere, it didn't come from nowhere. It comes from new people buying cryptos from people who already own them. Eventually the pool of buyers will run low because there will be nobody new to sell to, so no way for them to realize any gains. That's what has been happening to Bitcoin over the last 6 months. There's not enough new buyers coming in for the old holders to realize gains because they got in so late, so they cut their losses. This is self-inflicted damage for believing in a fairy tale, not some evil plot by anyone in particular.

[pellor mas]

bitcoin does not protect fiat money, on the other hand, bitcoin wants all transactions easier and faster, we do not need to make paper money and coins that make it require big funds, all transactions and money are stored in digital data, so the financial transaction will be cheaper.

[leostrong.mo]

The relationship between BTC and fiat currency is antagonistic!
The legal currency is the currency issued by the national credit guarantee. BTC has achieved financial decentralization through the Internet!
The fiat currency will cause inflation due to the increase, and the Bitcoin world cannot create inflation!

[Dmitry.Vastov]

The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.

Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.

I don’t think that bitcoin is ever protecting Fiat currency, on the contrary , all the crypto currencies are threat to Fiat currency. All the Fiat currency exists in physical form and they are more prone to get stolen easily by anyone but it is not with any of the crypto currency, they are in virtual or in digital form and there is least risk of get stolen so they are more liked by people and the days are not away when these virtual currency will replace this Fiat currency.

[Burogh]

The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.

Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.

Cryptocurrency like bitcoin is new economy system. Current economy system is very vulnerable on crisis because government always to improve growth by inflation.

[Clover_Faith]

The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.

Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.

Yes it will because using fiat have a limitition to make. So that by using bitcoin we cant use fiat to buy things beside we can use bitcoin. It save more money and also effort to the maker.

[bowals]

IMO, its showing the flaws of fiat currency. its the end of fiat currency in simple terms or rather, the future of it. as with every technology, the beginning is usually cumbersome and not efficient but over time, a more efficient system would be formed

[HSRP]

maybe if the government will create crypto that can be fully controlled by the government I think that's what can be said can protect fiat money. but different from bitcoin because of course bitcoin is a decentralized virtual currency so I do not think it can be said that bitcoin can protect fiat money.

To say fiat money protection bitcoin does not seem to fit. But each has its own characteristics and strengths to serve life. The fiat money has for years served for direct transactions with human life. Electronic money is applied to the digital age and is carried out on machinery and equipment.

[Siminarota]

There is nothing that BTC protect fiat, fiat protection BTC is easier to listen. In my opinion, it is more difficult to hold a penny to buy goods or services than fiat. In my opinion, we should not take crypto instead of cash.

[ShineftChaos]

I don't think it is protecting the fiat money because many people are scared about bitcoin that they will kill their fiat money.But there is something that crypto currencies are used by most of the people to make money so we need to cashout our money when we got profits so it may keep fiat from getting into inflation and if people want to save them from inflation buy crypto currencies.

i am also wondering about that thing, since we cannot really avoid the issues, and just what if the government will get involve about this? For me it will be too scary to think from it. we all know how the government play their cards, and if possible i guess they will use every means to get their hands into crypto.

In my own opinion, if the government will be manipulating cryptocurrency prices then people will not use crypto anymore and the value of bitcoins will just decrease.

[Niggasdonttalktome]

I don't think that bitcoin protecting fiat money, which is both opposites. Right now you can see clearly the government don't like about crypto stuff and Bitcoin, the center of the storm it is the recipient of the most hit.