Can we really fix the money @bitcoin

[Mr.suevie]

[lett][/left]

I thought I should drop this quick question here:

And that's the message on the t-shirt in the image, well I don't know but I feel it would be nice to here some forum members thought how possible is this that maybe someday if not today that Bitcoin can actually be the solution to fixing the money, that's if you deem it fit to conclude that there is something actually wrong the monetary system 😁.

Image source: Bitcoin magazine @ X.COM

[Su-asa]

[lett][/left]

I thought I should drop this quick question here:

And that's the message on the t-shirt in the image, well I don't know but I feel it would be nice to here some forum members thought how possible is this that maybe someday if not today that Bitcoin can actually be the solution to fixing the money, that's if you deem it fit to conclude that there is something actually wrong the monetary system 😁.

Image source: Bitcoin magazine @ X.COM

However, from what I have read so far concerning Bitcoin (crypto) and fiat, I haven't seen read anywhere that says Bitcoin will fix fiat or even replace fiat. But the one important things I have known is that bitcoin is store of value.
Talking about monetary system, it's a kind of things that's not taken care of and it causes a lot of inflation in the societies we live in today because it's manipulated by governments and CBN, one other things why government is against Bitcoin is because it's decentralize and it's unpredictable because it goes up and comes down within seconds so they believes that Bitcoin is very risky to fix money, and i aldo don't have think if it could fix the monetary system at all.

[Reatim]

First of all can I say that shirt is tacky hahaha lol just jk but anyway

Bitcoin can actually be the solution to fixing the money, that's if you deem it fit to conclude that there is something actually wrong the monetary system 😁.

That is the point, no? I don't think anything is wrong necessarily with our current money system however people have preferences which they might prefer using fiat or crypto. The only thing I can think of that crypto can 'fix' is people's economic situation. Here is me hoping that crypto makes all of us richer.

[Mia Chloe]

Code:

[left][img width=300]https://talkimg.com/images/2024/06/15/cbTIC.jpeg[/img][/left]

Mr.suevie you made a mistake in the tag element you used in placing the image in your post on the left. However I have computed the correct one and placed in a code element above so you can just copy and paste if you can't find the error. From my experience in image placement I think using the "left" attribute to place an image isn't necessary for one image because the system will place it to the left by default. Anyways adding does no harm than make the post longer it's best for placing more than one small sized photos.

Now with respect to your initial question , all I'll say is Bitcoin will only prove a better alternative for battling inflation and also a better alternative for p2p but Bitcoin didn't come to replace Fiat. Bitcoin gradually became the safest form of crypto investment because of its good trend over the years especially with respect to price.

[Solosanz]

He's somewhat right.

We know that in order to protect our wealth, we should invest our money instead of holding fiat which the value keep depreciated. These assets like gold, stock, real estate etc are commodities, they're not money aka currency. The only one money/currency that can fix the inflation is only Bitcoin.

Most people angry because they're born not in the right time because they want born when real estate was cheap, but I'm happy to born during current generation where I understand Bitcoin and know is the best choice to grow my wealth.

[Catenaccio]

We know that in order to protect our wealth, we should invest our money instead of holding fiat which the value keep depreciated. These assets like gold, stock, real estate etc are commodities, they're not money aka currency. The only one money/currency that can fix the inflation is only Bitcoin.

Investment is key to fight against inflation because if we don't invest, we will be beaten by inflation. Saving our money in banks with low interest rate, lower than inflation rate, is failure against inflation.

Bitcoin is a good investment choice and since 2009, it has brought very high ROIs, the best investment asset. I believe in Bitcoin and its growth in future and I agree that invest our money in Bitcoin can help us to build up our wealth and don't fail against inflation.

I disagree to say Bitcoin can fix inflation. It was not designed to do this and can not do it.

[Assface16678]

Well, in the phrase "fix money," I'm not really sure in what aspect or what kind of fix. So I will assume that the fix that is being mentioned in the t-shirt is that bitcoin could be the solution for the lack of fiat currency or fiat system in the world. For example, with bitcoin's technology or block chain, bitcoin is so secure that no one could control the currency and no one could own it, only the investors and its users. Another aspect that bitcoin could fix is maybe the problem when it comes to the low or fixed value of a currency, but with bitcoin or crypto currency, many people could have the option to invest in a currency or crypto currency in order to earn an investment, which could give many opportunities for people who want to upgrade their lives. And many more that bitcoin could provide, but remember, it is only a "fix," meaning crypto currency or bitcoin should not replace the currency system because it will be a big change and adjustment. I'm glad that bitcoin could be legalised and treated like a fiat currency system.

[peter0425]

What is wrong with fiat? I would say it is the inflation and the way we can acquire and hold it. A lot of people see problem with the fact that there is too much control from the government, the banks to our money.

So perhaps that is what the shirt is referring to. Bitcoin is the answer to many concerns we have over fiat, hence fixing it. I do not wish to have been born earlier but I do wish to have known about Bitcoin earlier. But still, I am not complaining at least I am now aware of bitcoin and how I can use it to my advantage.

[mk4]

Saying that Bitcoin will fix money is an extremely bold word. Do I think it can? It can, but whether it will achieve it is a mystery. Personally, I'm happy enough that we have Bitcoin as an alternative currency/SoV to the current financial system. But do I wish that it could be the most dominant currency/SoV? Hell yes.

[leonair]

Bitcoin is the store of value from which everything is managed. I don't know how Bitcoin can solve money, but this Bitcoin is not only a money solution, but it will be a solution for everything one day. It is not right to talk about it permanently because even if the government is against it, it can be seen that it is rising; they can't fix it, so they can't expect anything from it. One of the hazardous things about fixing bitcoin money is that there is no expectation of fixing money correctly.

[Ryu_Ar1]

There is nothing wrong with the current money system because they circulate according to their axis centered on the government so I don't think it will be interfered with bitcoin as well as the bitcoin system which cannot be united with the fiat system so there is nothing to fix here.

It's just that for now I still feel that bitcoin can be a helper for us as users in financial control without interference from others including the government but not to fix money because they don't need to be fixed because the system is like that from the start.

So with what happens "fixing money" I think it is quite ambiguous because indeed bitcoin will not be able to interfere with the fiat system and vice versa because they have opposite properties and that cannot be avoided.

[pooya87]

that Bitcoin can actually be the solution to fixing the money, that's if you deem it fit to conclude that there is something actually wrong the monetary system 😁.

Money does not exist. All we have is currencies. There is also bitcoin which is a currency that can become money.

You also don't fix money (which is a tool) as the thing written on that tshirt says. You can use the tool to fix something else.
What needs fixing is the monetary system as you said. But that problem is not new and doesn't belong to our lifetime as the tshirt suggests It's been going on for centuries, ever since they made the first currency that wasn't backed by anything and could be printed unlimitedly (can't be store of value hence is not money).
Fixing it is not easy either. It affects all aspects of society and most importantly there is no solution or alternative for the existing financial system. As I said, even if Bitcoin becomes money, it still is money not the solution to the monetary system problems.

[God bless u]

[lett][/left]

I thought I should drop this quick question here:

And that's the message on the t-shirt in the image, well I don't know but I feel it would be nice to here some forum members thought how possible is this that maybe someday if not today that Bitcoin can actually be the solution to fixing the money, that's if you deem it fit to conclude that there is something actually wrong the monetary system 😁.

Image source: Bitcoin magazine @ X.COM

Yeah its true to some extent but not all the people around the world will agree with this statement. As we can see that people are going through some bad phases of crypto as well. Scams are very much increased and the security of blockchains is not questioned.

So yes it's a good debatable statement but on the other hand we could not just simple ignore other facts that are revolving around people mind.

[bettercrypto]

It's just that I really understand that Bitcoin is a good investment in the long term, and at the same time, it can also be said to be an opportunity as a job and can be used to translate into real money. If you look at it literally, it is like gold, real estate, or silver that, when used in trading, becomes money.

In short, Bitcoin's only difference is that it is a volatile asset and cannot be controlled by any government. In short, Bitcoin is decentralized, and the rest, like gold and real estate, can be regulated by the country. And Bitcoin can solve our financial crisis whether it is for the individual or for the countries economy.

[Hamza2424]

Hmm, Your funds are under your control i do support this narrative.

Bitcoin can be the best solution but in my view, we are not strong enough or should I say the resistance against a global currency is not ordinary, why will any country dare to accept Bitcoin while giving up on their native currency, yup no doubt there was a time when there was not a country to country borders, there was a global acceptability for gold as a universal mode of exchange.

Do you think this digital world which is divided on the basis of developments and culture, etc can agree to accept Bitcoin as a universal mode of payment only, this needs to be established by the superpower but do you think in these where economies like China, Russia, India and others with strong power and control exists will let now the so-called superpower to impose it.

Haha, where I'm going anyway sorry for being off topic but yup on the person-to-person level with proper marketing and education it is possible but on the state scale just forget about it.
 

[aylabadia05]

Can we really fix the money @bitcoin

The presence of Bitcoin in the midst of a chaotic economy from only a few who support it to being able to get wider support because it has proven to be the best alternative.

As a currency because Bitcoin can be spent, Bitcoin can be used as a system to fix money which is meant by many people because it continues to experience a decline in value. The effort to make Bitcoin to fix money is something that we cannot be sure will be achieved or not because the authorities still do not dare to take action even though they have felt the benefits and advantages of Bitcoin.
Hopefully this will no longer be a mystery in the future.

[Maus0728]

It will be that solution that most of us are looking for, the only thing that would matter is that bitcoin needs legal or government recognition because if there's nothing like that, bitcoin would always be on the sidelines. It's already showing that it can help an individual with achieving their dream of financial freedom so what more can it do if it's able to be used as a legal tender of a country, imagine the sudden pump of the investments of the government when they put some money for the long-term in bitcoin, the only reason why I think that they won't do it is because of the fact that someone can just easily run away with the money if they want to, unlike with a traditional investments out there, you know that there's some form of insurance that protects you from thievery and fraud but other than that serious concern, the upsides that bitcoin have is just too many to completely ignore it as a solution.

[Churchillvv]

With the definition of money, I think we do not have any such real thing as money, every currency that ever exist does not qualify to be money from the definition as long as it can't be used as an hedge to inflation. but sweet truth about bitcoin is it qualifies more to be money than the so called fiat money.

Bitcoin is the solution to the monetary system but absolutely not the solution to money instead it's the better money, bitcoin can fix the system but my question is will they allow that? I guess we all know the answer.

[davis196]

And that's the message on the t-shirt in the image, well I don't know but I feel it would be nice to here some forum members thought how possible is this that maybe someday if not today that Bitcoin can actually be the solution to fixing the money, that's if you deem it fit to conclude that there is something actually wrong the monetary system 😁.

The message on the T-shirt is complete BS. I consider myself to be a Bitcoin maximalist, but I can't agree with this message.
If Bitcoin was able to "fix money" then why everybody around the world isn't using Bitcoin, instead of fiat money?
Obviously, Bitcoin didn't fix the money and it never will. Bitcoin is a just a deflationary financial asset, that can help you preserve and grow your wealth. There are other financial assets, that can do the same thing, for example company stocks(of certain companies) or gold. Maybe real estate can be added to the list too, but it depends of the location.

[Xampeuu]

Indeed, we feel that the monetary system has shortcomings, but if it is replaced with Bitcoin, it will not be in the near term. unless developed countries have replaced it, so that developing countries start to follow suit. Maybe it can be realized, but for the next generation after us, at the moment it feels very difficult. I think looking for profits from bitcoin would be more realistic