Only one way to save people now

[DrBeer]

Unfortunately, I don't think there is a simple solution.

If there are lessons to be learned. Can it be fairly said conditions of reliance and dependancy are being weaponized post 2020?

• Reliance on russian natural gas
• Reliance on oil
• Reliance on centralized supply chains

Everything people trust and rely upon today is being turned against them.

How do we solve this? Perhaps by relying less upon governments and corporations, and relying more upon ourselves?

A very strongly erroneous opinion, built on the basis of information disseminated by Russian propaganda. There is no dependency. Was created, artificially, the scheme of monopolization of oil and gas supplies to the EU. And note - 3 key economies turned out to be "dependent" - Germany, France, Italy. And mass information propaganda began, so that without Russian gas they would freeze/die/the economy would collapse/factories would stop/.....
But today we see that more than 90% of Russian gas has already been replaced by long-term contracts. Do not listen to Russian propaganda, and pro-Russian media

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[Iranus]

The solution is Simple leave fiat banks and go crypto.

it's not that easy friends, because as we know, the introduction of crypto in the world is not comprehensive, so in my opinion it is still difficult to do.
and this requires a process if you want to implement payments with crypto itself if one day this happens

That will never happen, aside from the fact that cryptocurrencies are not yet widespread, fiat money is still the main currency of the world, we can't leave fiat and banking to use cryptocurrencies. Crypto really brings a lot of benefits to us, but I hope people don't get too delusional that crypto can replace everything in an entirely government controlled world. As for my daily spending, I still prefer to use fiat money over crypto money when it comes to making purchases.

[Mauser]

Business owners If they are smart knows only way they can survive is crypto.

Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.

It's true that business should accept crypto currencies as a form of payment, it makes purchases for customers much easier and will help to increase the reach of cryptos. The main problem I see for corporations to switch completely to cryptos and stop using fiat money is that all the bills of the company will likely still need to be paid in fiat money. Tax payments will need to be paid in fiat, most employee have probably contracts that pay in fiat and most utility bills also will demand fiat money. This creates a mismatch between receiving cryptos from customers and all the capital outflow in fiat. In case there is a lot of volatility in the crypto markets that could lead to losses for the company when paying bills. I think the world is not ready yet to only function on cryptos.

[Semar Mesem]

The solution is Simple leave fiat banks and go crypto.

it's not that easy friends, because as we know, the introduction of crypto in the world is not comprehensive, so in my opinion it is still difficult to do.
and this requires a process if you want to implement payments with crypto itself if one day this happens

True, it is very difficult to leave fiat, it can be said that almost 100% of the population in many countries use fiat, while cryptocurrencies are an alternative that is not yet popular for direct transactions such as cash.

[Yawa2020]

True, it is very difficult to leave fiat, it can be said that almost 100% of the population in many countries use fiat, while cryptocurrencies are an alternative that is not yet popular for direct transactions such as cash.

When you say something is difficult it means you can do it with hard labor and determination but in the case of fiat, I will confidently say it's impossible not difficult at least for now to do away with fiat. Crypto currency will surely takeover eventually but it is not that easy as some of us perceiving it. We can invite people to crypto but not trying to enforce it for on them against their wish.

[MarjorieZimmermanGinger]

Your deep faith in USDT confuses me, as it is a completely centralized currency, and is more vulnerable to collapse than the Lebanese pound.
If you think about it, just a few months ago, Luna collapsed dramatically, and all stablecoins are exposed to the same degree of risk.

Obviously this is not fundamental, as we have seen stablecoins fall day by day, the crash that happened to Luna completely rendered Stablecoins worthless, especially when it comes to fiat currencies which are completely controlled by the authorities. But what we need to understand, not completely fiat currency can be thrown away and switch to crypto in the near future for now.

Always follow the following facts:

• Stablecoins are worthless, they are false promises.

As many of the closest examples we can find with Stablecoins, there is no certainty and strength in restraint in the market for them, so leaving is much better.

• Paper money has a value that derives from the power of the state, but inflation continues to lose its value.

Inflation and recession will continue to affect fiat currency, the world economy is currently in an unstable stage, so that fiat currency will be affected in maintaining value, therefore holding fiat currency is not better at fulfilling bargaining values going forward.

• Bitcoin is the best asset for long term investment.

I agree with this, that Bitcoin is far more reliable, both as an investment and the best asset in the long term, we have gone through various market conditions in bitcoin, so there are many reference sources that can assure us of the best investment in Bitcoin.

[_BlackStar]

The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.

As far as I know about bitcoin, I haven't been able to stop use fiat in my daily life even though I currently don't keep much funds in fiat account ^{[bank account].} I still need fiat to transact physically every day and I always will until bitcoin is adopted globally. It's fine for me to use fiat in day-to-day life, but I tend to neglect fiat for investment and storage.

Fiat and bank do have problems, especially the problem of trust from their users, however fiat will still be used by millions of people in this world. You can't prevent people from using fiat, but government can always ban crypto for use as a means of payment rather than expecting fiat to go out of use.

[Renampun]

The solution is Simple leave fiat banks and go crypto.

it's not that easy friends, because as we know, the introduction of crypto in the world is not comprehensive, so in my opinion it is still difficult to do.
and this requires a process if you want to implement payments with crypto itself if one day this happens

it's not impossible for people to switch to crypto as a payment but ordinary people are not ready for it, people are comfortable using fiat and banks because it has been running for a long time. it took decades to change the habit and we will surely in the future see it happen (people are adopting crypto and leaving fiat and banks).

That will never happen, aside from the fact that cryptocurrencies are not yet widespread, fiat money is still the main currency of the world, we can't leave fiat and banking to use cryptocurrencies. Crypto really brings a lot of benefits to us, but I hope people don't get too delusional that crypto can replace everything in an entirely government controlled world. As for my daily spending, I still prefer to use fiat money over crypto money when it comes to making purchases.

here, I read that you said it would never happen, but I think you should take a broader look. the government issued CBDC and wouldn't that lead human behavior towards digital payments, when people are used to digital payments then they will switch to crypto easily.

[uneng]

The solution is Simple leave fiat banks and go crypto.

it's not that easy friends, because as we know, the introduction of crypto in the world is not comprehensive, so in my opinion it is still difficult to do.
and this requires a process if you want to implement payments with crypto itself if one day this happens

The point is: do people want to be saved? I don't think so, because they don't care or simply don't pay attention to the big ponzi scheme they are inserted on through fiat economy. People are still blind and seem to be satisfied depositing their money in saving accounts which generate annual interest inferior to the annual inflation.

When we talk about bitcoin to them, they say it's too risky to adopt and invest, although they ignore the fact fiat doesn't even have the risk of being profitable for them on long term. Fiat is a complete loss and the only way to avoid its depreciation is to save large chunks of money fast and invest in properties or valuable and durable goods.

[South Park]

Business owners If they are smart knows only way they can survive is crypto.

Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.

It's true that business should accept crypto currencies as a form of payment, it makes purchases for customers much easier and will help to increase the reach of cryptos. The main problem I see for corporations to switch completely to cryptos and stop using fiat money is that all the bills of the company will likely still need to be paid in fiat money. Tax payments will need to be paid in fiat, most employee have probably contracts that pay in fiat and most utility bills also will demand fiat money. This creates a mismatch between receiving cryptos from customers and all the capital outflow in fiat. In case there is a lot of volatility in the crypto markets that could lead to losses for the company when paying bills. I think the world is not ready yet to only function on cryptos.

And since businesses move by profit and not by some sort of ideology then this shows how hard it can be for them to accept bitcoin as payment, and even if they did due to the volatility of the market it is unlikely they will keep it and instead they will sell it immediately for fiat, only those which believe in holding bitcoin will do this and as we know we are nowhere near close to be some sort of majority, so we are still far away to see bitcoin being used as a currency for our everyday purchases.

[lixer]

In the long term, it all boils down to what consumers and traders prefer because that's where economic reality comes from. After all, reality is created by you and all of us.

I'm not saying that all of the above will happen, but with such a crowded market, it's important to be ready for anything.

If you are familiar with the money market world, I think the best way to stay ahead and keep yourself protected is to invest your hard earned money (Cold money) in the top 5 exchanges. That way you will at least always be safe and calm. The choice is ours.

Investing inside the exchange safe? Maybe you are new here and you are not aware of what happened with FTX. This is the latest crypto exchange that have collapsed but there are more of them in the past. After the downfall of FTX, people are now advised to pull out their money inside the exchange.

I know there are still exchanges out there that are not a scam for now but we can't erase the fact that they are centralized. Meaning they still have full control of your funds. They can do some restrictions if they want to and you can't do anything about that. The only way to be calm right now is to invest on your own and use a wallet which let's you hold your private keys.

[Zilon]

When we talk about crypto, we should be more specific. Saying we need to leave fiat and face crypto is more generic and misleading because most Crypto projects are shit-coins. It will be more specific to say Bitcoin so that anyone reading will know the exact direction to following.

USDT isn't safe either, remember it's centralized. Bitcoin should be the main focus not even cryptocurrency as a whole. Stick to what works and not what we hope might work

[Fortify]

Look at world economy and people struggle with bills.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.

The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.

Goverment and Banks failed so leave them and let them sink in their own mess what they created.

Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT

If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then

Business owners If they are smart knows only way they can survive is crypto.

Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.

Since the financial crisis of 2008 up until Covid, people had over 10 years of bliss when it comes to the economy. Jobs were plenty and credit was cheap, people are all too easy to forget the good times but like the action of the tides eventually it turns bad. People get too greedy, take too much credit, extend themselves too far and pile up on junk - then comes time to pay it back which requires cutting back, living frugally and in many cases waves of job losses as reality hits. Most of the more frivolous companies or ones that were never profitable but propped up on debt get wiped out, the jobs market gets recalibrated and then we slowly head back to the good times - rinse and repeat is the history of capitalism that no one is able to tame.

[BitDane]

The solution is Simple leave fiat banks and go crypto.

it's not that easy friends, because as we know, the introduction of crypto in the world is not comprehensive, so in my opinion it is still difficult to do.
and this requires a process if you want to implement payments with crypto itself if one day this happens

Besides not all merchants are accepting cryptocurrency.  You can check if we are able to live with crypto without converting our cryptocurrency to fiat currency.  Once we did that all the transaction will undergo bank clearance.   So it isn't not that easy, it is impossible considering the situation of cryptocurrency adoption.  You can not use Bitcoin on supermarket and malls in my country.  So how can we live or survive if we totally move to crypto.

[Mahanton]

The solution is Simple leave fiat banks and go crypto.

it's not that easy friends, because as we know, the introduction of crypto in the world is not comprehensive, so in my opinion it is still difficult to do.
and this requires a process if you want to implement payments with crypto itself if one day this happens

Besides not all merchants are accepting cryptocurrency.  You can check if we are able to live with crypto without converting our cryptocurrency to fiat currency.  Once we did that all the transaction will undergo bank clearance.   So it isn't not that easy, it is impossible considering the situation of cryptocurrency adoption.  You can not use Bitcoin on supermarket and malls in my country.  So how can we live or survive if we totally move to crypto.

Being optimistic isnt bad but we know that going with crypto in full scale cant really be that possible.Why? Government wont really be allowing that specially on replacing fiat on existence.
Also not all are really knowledgeable even on having that simple or basic transactions and also we cant really be that too confident on keeping up something which is really volatile
unless if we do deal up with it but in overall it cant really be just that possible. Crypto might really become that too big but it would really be just remain as an alternative nothingless.
Current problems or existing ones arent something that could be resolved out on making Bitcoin/Crypto as a mainstream or main thing.

[og kush420]

The solution is Simple leave fiat banks and go crypto.

it's not that easy friends, because as we know, the introduction of crypto in the world is not comprehensive, so in my opinion it is still difficult to do.
and this requires a process if you want to implement payments with crypto itself if one day this happens

Besides not all merchants are accepting cryptocurrency.  You can check if we are able to live with crypto without converting our cryptocurrency to fiat currency.  Once we did that all the transaction will undergo bank clearance.   So it isn't not that easy, it is impossible considering the situation of cryptocurrency adoption.  You can not use Bitcoin on supermarket and malls in my country.  So how can we live or survive if we totally move to crypto.

I tried to invest some amount and I did it so quickly and it was utter disaster
I wish I would have never done this ...It took me months to get out of it. I am not always disturbed what to do - the investment is real challenge for me

[coupable]

 Yeah it is good to use crypto for the transaction usage but it is not in short time to switch people into that method of leaving. Cause some of them are didn't know about crypto, they just know Fiat or other currency. We can not force them to switch cause people perspectives if they can hold and see their fiat an they felt that is an tangible for them.

It's just about the beliefs and thoughts of some people who don't know crypto, so they often think that state or fiat currency is real currency and they don't consider anything else as real. In fact, the number of crypto currency users continues to grow from various backgrounds and I think those who don't believe in this can also find out for themselves by looking through true and accurate news. Even though they have basically never used it even for transactional matters or the like.

Digital currencies will always remain a matter of contention, whether on the theoretical or practical level.
The price of cryptocurrency stocks is increasing almost in all exchange markets, with more than 20,000 cryptocurrencies spread around the world.
While other countries work to issue their own digital currencies, beside other countries whom prevent dealing with these currencies, and major governments and financial institutions (banks) fear that digital currencies will dominate the world, which may affect their role as a financial intermediary.

[19Nov16]

The solution is Simple leave fiat banks and go crypto.

For use or micro transactions, of course crypto can be relied upon, but if a very complex transaction in life in the country is now impossible, cryptocurrencies transactions need many things such as the internet network, transaction speed and so on, it is impossible if we want to buy snacks in The roadside then sends Crypto and it turns out that after 10 minutes it has not been processed and it takes at least 30 confirmation.

[Sebas.tian]

When we talk about crypto, we should be more specific. Saying we need to leave fiat and face crypto is more generic and misleading because most Crypto projects are shit-coins. It will be more specific to say Bitcoin so that anyone reading will know the exact direction to following.

USDT isn't safe either, remember it's centralized. Bitcoin should be the main focus not even cryptocurrency as a whole. Stick to what works and not what we hope might work

Yes, Bitcoin is still more safe than USDT and crypto which investors and traders has tested and trusted to follow decentralized currency than follow centralized currency that can disappoint at anytime in the societies. Banks has done a lot of things that made many traders to prefer Bitcoin in their transaction than fiat money, because  some of the things they experienced from the bankers to stop them not to have access to their fiat money at the moment. Bitcoin is safe and secured in transaction and it hard for you not to have access to your bitcoins in a moment because their teams are very active to satisfy bitcoiners.

[Oasisman]

The solution is Simple leave fiat banks and go crypto.

For use or micro transactions, of course crypto can be relied upon, but if a very complex transaction in life in the country is now impossible, cryptocurrencies transactions need many things such as the internet network, transaction speed and so on, it is impossible if we want to buy snacks in The roadside then sends Crypto and it turns out that after 10 minutes it has not been processed and it takes at least 30 confirmation.

Lighting network could fix that issue actually, and your concern
against Bitcoin micro transactions  are now only down to internet connection and electricity.
Time will definitely come that Bitcoin is widely accepted as one of the main payment options including micro transactions. We only need consistent mass adoption.