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JohnBitCo
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October 31, 2018, 03:43:31 PM |
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It really needs to our economy and our community most of people here in the world don't know how to use yet online currency and I think governments will not allow to change their current useful currency to replace a not legalized currency in any country.
Fiat currency is always been there and it is performing good. So we cannot say that it is failed and unable to deliver. However with every passage of time things do change and we will see new technology taking over the old one and similarly fiat will be replaced by bitcoin one day. |
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jcojci
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November 01, 2018, 05:18:33 AM |
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Fiat is always needed for the economy and in everyday life. Sometimes using Fiat currency will be more convenient than crypto money.
Yes, people still use fiat to buy something for their life. I think fiat depends on the other fiat and we know that in every country, fiat is up and down and it depends on USD. Besides that, I think the sources to make paper fiat still reduce, and we cannot deny that in one day, the supply for the paper fiat will end so I think we need something to help fiat and the cryptocurrency can gives benefits for fiat. |
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KesoNie
Copper Member
Sr. Member
 Offline
Activity: 672
Merit: 270
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November 01, 2018, 05:41:52 AM |
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Fiat is always needed for the economy and in everyday life. Sometimes using Fiat currency will be more convenient than crypto money.
Yes, people still use fiat to buy something for their life. I think fiat depends on the other fiat and we know that in every country, fiat is up and down and it depends on USD. Besides that, I think the sources to make paper fiat still reduce, and we cannot deny that in one day, the supply for the paper fiat will end so I think we need something to help fiat and the cryptocurrency can gives benefits for fiat. Fiat currency is very convenience to used as payment especially for our daily needs. Fiat is stable in there price while crypto is an unstable, between this fiat is more than better to used for paying in store and malls while crypto is better to used to imvest or trading to have more profit but it can also used as payment but only those accept cryptocurrency. Also fiat is not always fails because its not limited and it always used for daily needs. |
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nicster551
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November 01, 2018, 09:08:05 AM |
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See: There Is No Escaping History. Fiat Currency Eventually Fails. Notice that this is a critique of fiat money -- not a critique of state-issued money under a gold/silver or other standard. Fiat money is a rare occurrence in modern history. (We live in strange times!) As we can see, the examples found by the author are a small number of short periods here and there. I have my own critique of gold/silver standards, but that's another issue. It will fail and also crypto somehow will fail sometimes. Everything in not that perfect and would have some faults, so be wary of the things you want to say, because today, you are still using FIAT. |
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jcojci
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November 02, 2018, 05:54:05 AM |
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Fiat is always needed for the economy and in everyday life. Sometimes using Fiat currency will be more convenient than crypto money.
Yes, people still use fiat to buy something for their life. I think fiat depends on the other fiat and we know that in every country, fiat is up and down and it depends on USD. Besides that, I think the sources to make paper fiat still reduce, and we cannot deny that in one day, the supply for the paper fiat will end so I think we need something to help fiat and the cryptocurrency can gives benefits for fiat. Fiat currency is very convenience to used as payment especially for our daily needs. Fiat is stable in there price while crypto is an unstable, between this fiat is more than better to used for paying in store and malls while crypto is better to used to imvest or trading to have more profit but it can also used as payment but only those accept cryptocurrency. Also fiat is not always fails because its not limited and it always used for daily needs. That is why people still prefer to use fiat for every transaction, and they don't want to accept something new that will make them easy to make a transaction. But soon, after they know that the technology of digital currency comes to them, they will realize that now it's the time for them to change their payment system into the digital transaction. I think if they can use fiat and cryptocurrency at the same time, they can have more benefits which they can use fiat as the payment, and they can also use cryptocurrency as their investment. |
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traderethereum
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November 04, 2018, 04:18:36 AM |
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See: There Is No Escaping History. Fiat Currency Eventually Fails. Notice that this is a critique of fiat money -- not a critique of state-issued money under a gold/silver or other standard. Fiat money is a rare occurrence in modern history. (We live in strange times!) As we can see, the examples found by the author are a small number of short periods here and there. I have my own critique of gold/silver standards, but that's another issue. It will fail and also crypto somehow will fail sometimes. Everything in not that perfect and would have some faults, so be wary of the things you want to say, because today, you are still using FIAT. Yes, not just fiat will fail, but the crypto will fail too because everything cannot be always in the top position and sometimes it will fail and we don't know when the times are. But I think both crypto and fiat can give something benefits to us although it fails especially, we now still using fiat to purchase anything and we use crypto for the investment section. |
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bummm
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November 05, 2018, 03:09:54 PM |
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It really needs to our economy and our community most of people here in the world don't know how to use yet online currency and I think governments will not allow to change their current useful currency to replace a not legalized currency in any country.
Fiat currency really needs to be used for the country because fiat currencies have become their daily needs as payments and transactions. of course these two currencies are useful in their respective fields, if digital currencies are useful in the digital world and if fiat currencies are useful in the real world. If traditional money can be used by everyone, digital currencies are only for some groups of people. You will agree that many people on this Earth cannot even read and write, they do not know anything about Internet. |
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sumanto
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November 05, 2018, 03:20:12 PM |
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it seems that is not true, the price of this fiat currency has price movements up and down so it is not always the price of the fiat currency to fall, surely there will be times when the price of fiat becomes very expensive.
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nur rochid
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November 05, 2018, 03:33:49 PM |
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it seems that is not true, the price of this fiat currency has price movements up and down so it is not always the price of the fiat currency to fall, surely there will be times when the price of fiat becomes very expensive.
right, depending on the country's economy. like today fiat currency other than dollar has decreased, in contrast to strong dollar. of course if a country fixes it with the right policy, then their fiat currency will increase |
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