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Author Topic: what would you do with your fiat money if ...  (Read 647 times)
tutkarz (OP)
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November 14, 2013, 08:36:17 AM
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what would you do with your fiat money if there would be 2/3 or even 50% shops and services that would be accepting bitcoin payments around your place of living? To me that would mean to get rid of fiat as soon as possible and use bitcoin only. But can you imagine what would that mean for shops that not accept bitcoin if that would happen on larger scale?

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Coinseeker
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November 14, 2013, 08:46:00 AM
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what would you do with your fiat money if there would be 2/3 or even 50% shops and services that would be accepting bitcoin payments around your place of living? To me that would mean to get rid of fiat as soon as possible and use bitcoin only. But can you imagine what would that mean for shops that not accept bitcoin if that would happen on larger scale?

Merchants don't remove payment options, they add them. 

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November 14, 2013, 10:24:47 AM
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what would you do with your fiat money if there would be 2/3 or even 50% shops and services that would be accepting bitcoin payments around your place of living? To me that would mean to get rid of fiat as soon as possible and use bitcoin only. But can you imagine what would that mean for shops that not accept bitcoin if that would happen on larger scale?

Shops will eventually start using Bitcoin or they go out of business Smiley

porcupine87
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November 14, 2013, 11:01:00 AM
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it depends. In this days it would be to volatil. But if it would just change 1% max per day, I would only use Bitcoin. Another point is, what my landlord, amazon.com etc. uses...

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
Sindelar1938
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November 14, 2013, 11:24:38 AM
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Not going to happen anytime soon

For now hold both fiat and btc

Worry about ratios when I need to

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November 14, 2013, 11:52:47 AM
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For now, keeping a small percentage of your wealth in bitcoins is safer, but maybe in that distant future it will be safer to own mostly bitcoins and just a little fiat. We can always dream   Cheesy
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