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Author Topic: The bad things will make people hate fiat currency no trust in goverments  (Read 288 times)
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December 09, 2023, 11:48:34 PM
 #21

Even if we say we prefer crypto over fiat, no one will listen to us, especially the government, because they hold the power. They are in a position of authority, so they are the ones to be followed in the decisions within their jurisdiction. We may lose trust in fiat due to our situations, but we cannot deny that it is still the dominant form of financial exchange globally. Cryptocurrencies are gaining traction, and we know that there are many opposing views, especially from some governments and institutions, because it is still relatively new and unproven for them. Instead of focusing on the negative, let's be hopeful and proactive, like learning to manage finances wisely and investing strategically to help ourselves weather economic storms and even thrive during difficult times.

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February 16, 2024, 01:14:28 PM
 #22


For Europe is only solution. Stop war build back the gas pipelines and cheap oil from russia and food to people.
On going gaza Israel situation is not good either.

Problem is not that only poor people suffering now the problem is that rich and wealthy ones start losing their wealth and that's when goverments have problem

It's a political deadlock and EU cannot openly buy cheap oil from Russia due to Ukraine war and though they are getting the same oil at a slightly higher price via India, India is purchasing oil from Russia at subsidized price and selling it to EU and other nations with a profit.

It is no longer possible to restore the situation with Russian oil and gas supplies to Europe, just as it is impossible to restore the tens of thousands of lives that Russia killed after a large-scale attack on Ukraine in February 2022. How impossible it is to bring back the same appearance of residential buildings, schools, hospitals, cultural and historical heritage destroyed by Russia, which were previously in Ukraine.

But most importantly, European countries no longer want to be subjected to periodic blackmail by the Kremlin in order to receive cheap oil and gas from Russia. Putin’s Russia very much hoped that Europe would not prevent it from seizing Ukraine, also counting on the fact that they simply would not have time to react properly due to the fact that the Kremlin would appoint a new government loyal to it on the quickly captured territory of Ukraine, which would assure Europe that Everything is fine in Ukraine and they don’t need to interfere. But all the Kremlin’s calculations were thwarted by the Ukrainian people and their armed forces, who put up heroic resistance to the many times superior forces of the Russian occupiers.

Europe has already understood this and, despite certain difficulties that have arisen, they do not intend to return to the previous situation. And due to the fact that they have taken a course towards abandoning traditional fossil fuels and replacing them with alternative energy sources, this will become more and more impossible every year.

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February 17, 2024, 04:17:23 AM
 #23

Problem is not that only poor people suffering now the problem is that rich and wealthy ones start losing their wealth and that's when goverments have problem
It's a global issue that everyone has to deal what's with the crisis that we're suffering right now. There goes the wars that affects a lot of commodities that we need and that sums up to the result of high prices of oil.

And when oil prices goes up, then everything is going to be a domino effect which we don't like to happen. It's being harder this time compared to the old days.

But are we going to stop with that? No. We have to keep on living and moving on because we're still alive and that's why with the next years to come, there could be some more interesting retrieval and redeem that shall come.

Despite all the challenges that we get,fait still has a role to play in government and nothing can change that.Even if most of us prefer crypto to fait,50% of crypto users make use of fait.
 As a matter of fact,the government is in charge,and fait stands a chance to remain in circulation.Its obvious fait is worthless,we really don't have to abandon fait in just one second,the government has failed many times and fait has been a bone in the neck to us.Let's watch how the government will remedy the problem with fait.

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February 17, 2024, 06:32:25 AM
Last edit: February 20, 2024, 03:58:55 PM by Promocodeudo
 #24

And a lot people hate now Fiat currency the fiat has become obsolote and many people will openly welcome crypto and USDT to get freedom on their Hands.
I choose crypto Also becouse i have more cryptocurrency then fiat currey...If i would have more Fiat currency i would choose Fiat so i go with crypto.

Alot of people don't hate fiat currency, it's only the few of us that understand how worthless fiats currency are that hate fiats, give a random person you see on the road an option for them to choose between fiats and cryptocurrency and they'll choose fiats because that's what they know. Fiat is still king and people still trust in the government that's why they're still standing tall and operating. Your Bitcoin or other cryptocurrency that you own still has to be converted into flats of your country before you can use them so throwing away fiats out of the window isn't an option yet.

Inflation is making fiats worthless and the government is making matters worst but just because we see the fiats we have as worthless doesn't mean others see it the same way. People are still killing themselves working tirelessly to get those fiats because they need them to live. No matter what the governments does, people will still trust in the fiats and that's the reason they're still a medium of exchanges up to this day that they're basically worthless than they were in the past years.

The best thing to do is to invest fiats in assets like Bitcoin and other valuable assets that can add value or retain the value of your fiats because keeping (saving fiats) aren't worth it anymore since fiats can be printed without limit making them not to have much significant as there's more supply coming into circulation regularly.

Boss your points are clear, no matter how inflationary fiat can be it still have it's purpose and it was meant to work with crypto, for now we should know that is not every firm that accept bitcoin as a means of their payment, so in this situation what happens, sure fiat plays a role here, there are people that doesn't believe in bitcoin despite the publicity, these set of persons still prefer fiat because they are conversant with it.

I will also say that due to the high inflation in many African countries, citizens has resorted to buying dollar and hodling because of it's potential fast increase and profit, though it is not a good idea to buy and hold another nations currency because of the threat to such country economic activities but that's business and in the recent days, dollar has been profitable to most Africans that are into the business in terms of fast profit, I will tell op for free that no matter what we do in regards to bitcoin, no countries will allow the total dominance of bitcoin in their country because they see it as a threat to their traditional banking system since it is a decentralized asset.

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February 19, 2024, 08:02:51 PM
 #25

Despite all the challenges that we get,fait still has a role to play in government and nothing can change that.Even if most of us prefer crypto to fait,50% of crypto users make use of fait.
 As a matter of fact,the government is in charge,and fait stands a chance to remain in circulation.Its obvious fait is worthless,we really don't have to abandon fait in just one second,the government has failed many times and fait has been a bone in the neck to us.Let's watch how the government will remedy the problem with fait.
Not just 50% but a way larger percentage of cryptocurrency users use fiat, I would say almost every single cryptocurrency user still uses fiat currencies for their daily expenses because cryptocurrencies are not accepted everywhere, even in countries such as El Salvador where Bitcoin is a legal tender, most merchants still accept fiat currency from their customers. So no matter how much we hate it, we are compelled to use fiat currencies until the time when the whole world accepts cryptocurrencies.

So it isn't about what we want because if you ask a cryptocurrency user, they would say that they want to use only cryptocurrencies because they allow transparency and decentralization, but since we don't have that freedom as of now, we are not able to only use cryptocurrencies.
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February 20, 2024, 11:32:47 PM
 #26

~
Despite all the challenges that we get,fait still has a role to play in government and nothing can change that.Even if most of us prefer crypto to fait,50% of crypto users make use of fait.
 As a matter of fact,the government is in charge,and fait stands a chance to remain in circulation.Its obvious fait is worthless,we really don't have to abandon fait in just one second,the government has failed many times and fait has been a bone in the neck to us.Let's watch how the government will remedy the problem with fait.
Fiat currency that is backed by government authority and legal tender laws continues to serve as a fundamental medium of exchange and store of value in economies around the world. Cryptocurrencies may offer certain advantages such as decentralization, security, and potentially greater efficiency in transactions, but fiat currency still plays a significant role in everyday transactions and economic systems.

The widespread acceptance of fiat by merchants, businesses, and individuals, coupled with its stability and government backing, contributes to its continued relevance. There are limitations and challenges associated with fiat currency, including issues such as inflation, government mismanagement, and lack of transparency in monetary policy. These challenges have led some individuals to explore alternative forms of currency, including cryptocurrencies, as a hedge against economic instability and government intervention. It's unlikely that fiat will be replaced overnight eventhough cryptocurrencies offer potential solutions to some of the shortcomings of fiat currency.

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February 21, 2024, 04:49:09 AM
 #27

Even if the citizens hate fiat because it is controlled by the government, they still can't do anything but use the fiat currency that their country has. Because if they don't use it, they won't be able to get the things they want to get for sure, or they will live in a province where the area is not civilized.

That's why most people in every country don't hate fiat; maybe there's only a little hate there, and if there is any hate for fiat currency in their country, it can be said that either they don't know the value of fiat or they're just stupid men.



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February 21, 2024, 08:50:32 AM
 #28

Even if the citizens hate fiat because it is controlled by the government, they still can't do anything but use the fiat currency that their country has. Because if they don't use it, they won't be able to get the things they want to get for sure, or they will live in a province where the area is not civilized.

That's why most people in every country don't hate fiat; maybe there's only a little hate there, and if there is any hate for fiat currency in their country, it can be said that either they don't know the value of fiat or they're just stupid men.
It is hardly worth agreeing that people, for some reason, hate fiat, that is, the national money of a particular state. In any case, I have not yet seen anyone who would refuse to receive cash or non-cash money from the state. Money is the equivalent of the material wealth of the state, which is in circulation and can be a commodity. What's the point of hating this equivalent of value? In any case, money is not to blame; the government is to blame, because it cannot or does not want to economically correctly organize the effective work of the country’s economic potential.

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