Dollar is fake money but just legalized fake money

[Johnlomape]

The government of several countries came to agreements for them to use fiat as a currency for trade because they can easily print it and manipulate the citizens with it and none of them will be punished for their actions.

Back days, other form of currency couldn't be manipulated because it's rare to see them and there was no much inflation. Humans are not satisfied with what they have, they prefer to take from others by trick. This is the same thing the government is doing with fiat currency that was made by them. The government is the problem not fiat (usd, euro, pounds etc.)

Is the problem fiat? I don't think so. Before fiat, there had been other forms of money that were effective. When the economy is mismanaged, more paper money will be printed to cover up for the poor handling of the economy. Instead of using financial and other resources to improve the economy, politicians prefer to sponsor wars.

Even if Bitcoin becomes the major currency, there will still be inflation in some countries because of poor economic management. The problem is not money but greedy, proud, and power-drunk leaders.

Politicians has always been the problem and sometimes they tried to put the problem on other things, they make people believed that the problem is not really from them. I think there should be a law to educate elected president on how to behave and handle the economy matters that has been put in there custody so that inflation does not increases due to so many mistakes made by these politicians and sometimes this can be as a result of grudges against other people/countries and political parties.

There is serious mismanagement of funds and unethical policies government are creating that will not favour the citizens or the average people, but they wouldn't care because they are in charge.

 I don't see genuine reason why Trump have to attack Iran, I don't see a reason why Russia and Ukraine have to continue this war when it should have ended long time ago. I don't see a reason why Afghanistan will be at war with her closest neighbor. All these need to stop, the world need peace not conflicts.

[The Sceptical Chymist]

another extremist thread.
Imagine buying groceries with BTC or USDT which, by the way, is a private FIAT. USDC, USDT also looses value as chained to the US$.

 

About the stablecoins there, I've got nothing to say but:  a very nice and easy way to disprove OP's assertion is to just go to a store and spend what he thinks is fake money.  Ruling out professional counterfeiters with the creative gifts of an artist making the banknotes on his press, the store will take that 'fake money' and you'll get your goods.  QED in your face all day, sir.

I've been reading nonsense like this ever since I joined bitcointalk, and it's just an asinine position to take.  Are there problems with fiat currencies?  Oh yes.  Is fiat worthless, is it toilet paper, is it [insert zero-value equivalent descriptor here]?  No.  No, no, no, no.

Stop it with this crap.

[UmerIdrees]

another extremist thread.
Imagine buying groceries with BTC or USDT which, by the way, is a private FIAT. USDC, USDT also looses value as chained to the US$.

 

About the stablecoins there, I've got nothing to say but:  a very nice and easy way to disprove OP's assertion is to just go to a store and spend what he thinks is fake money.  Ruling out professional counterfeiters with the creative gifts of an artist making the banknotes on his press, the store will take that 'fake money' and you'll get your goods.  QED in your face all day, sir.

I've been reading nonsense like this ever since I joined bitcointalk, and it's just an asinine position to take.  Are there problems with fiat currencies?  Oh yes.  Is fiat worthless, is it toilet paper, is it [insert zero-value equivalent descriptor here]?  No.  No, no, no, no.

Stop it with this crap.

Very true, dollar isn't a fake money and it's not going anywhere. All those promises and hopes that Bitcoin will replace dollar and it will become world global currency doesn't seems to be happening as of now. The world financial system resolves around dollar and it will continue to do so for years to come.

Even if the crypto adoption increases , still the dollar will be the digital dollar and all the currency will be evaluated in digital dollar and that doesn't make the dollar weak. It can still be printed and produced easily. Even it may take decades to even completely eliminate paper money from the world.

[SeriouslyGiveaway]

About the stablecoins there, I've got nothing to say but:  a very nice and easy way to disprove OP's assertion is to just go to a store and spend what he thinks is fake money.  Ruling out professional counterfeiters with the creative gifts of an artist making the banknotes on his press, the store will take that 'fake money' and you'll get your goods.  QED in your face all day, sir.

I've been reading nonsense like this ever since I joined bitcointalk, and it's just an asinine position to take.  Are there problems with fiat currencies?  Oh yes.  Is fiat worthless, is it toilet paper, is it [insert zero-value equivalent descriptor here]?  No.  No, no, no, no.

Stop it with this crap.

Fiat currencies have their values and purchasing powers that are different, either high or low or extremely low. Usually, fiat currencies barely have 0 purchasing power even inflation is very high and there are many problems in that nation. Exception is only when something too extremes happen in that nation, like a wipe out war, a very possibly regime change to make that fiat currency become non-recognized globally. Again it barely happens.

The more popularity is fiat currencies all lose their purchasing power with time, even the US Dollar.
Purchasing Power of the U.S. Dollar Over Time.

[Crypto_Timothy]

If we want to explain why world is like that the whole financial and all the things we need to understood dollar is fake money and its legalized fake money the world is not about now merits or skills but your success comes ability to use money printer to get fake money it creates monopoly and dollar power + huge inflation and the unequal world because those who can just print dollars will take everything not because they provide some better skills or merits to the world only reason is that they got that FAKE money maker.

The use of the term "Fake Dollar", that was what brought my attention to your post but as i read what you posted, maybe i am not understanding you clearly you are talking about the financial system and i wouldnt exactly call dollar a fake currency, i mean i can undestand the sentiment if im being honest but i dont think i can agree with the term "fake money". The currenncy is the most popular fiat currency for obvious reason and i can also understand themm trying all means to make sure the dollar remains recognized and powerful. i am not defending but sometimes we just have to admit reality.

[DrBeer]

I support dedollarization, but honestly, I have never thought about what currency will replace USD, and I do not expect that to happen either.

What difference would it make if another superpower replaced US, but the world remained unipolar, with power concentrated in a single entity? Instead, why not look at the bigger picture? The world does not alway have to operate under a model dominated by a single superpower. The world would be a much better place if it were more multipolar and power were distributed more evenly instead of being concentrated in a single entity.

But tell me honestly—what don't you like about the dollar as a reserve, “unified” currency for international settlements?
I'll be honest—my only complaint is that I'm positively jealous that they managed to pull off such a feat and that the dollar has secured this position
I can't find any other objective reasons for disliking the dollar, on which virtually the entire model of mutual settlements in the world is based...

As I said, I believe the world would be better and more prosperous if it were more multipolar instead of unipolar as it is today. Even if it were not USD, but yuan or euro, I would still object, and what I object to is the monopoly and abuse of power.

I support dedollarization not because I utterly hate America or the dollar is problematic, but because I hate a unipolar world

I do not understand why everyone says they hate dictatorships and monopolies, but then supports a unipolar world where power is concentrated in the hands of only one power. That is really contradictory.

The dollar as a reserve currency is not about “bad USA”, it's about the unification of the payment system. A single mechanism on a single currency is CONVENIENT! Just imagine the international economy without a single currency, but with 250 currencies from different countries. From the point of view of even the technical implementation of the international settlement system, this is a very complex system. And imagine, for example, what a grocery store would look like where:
- potatoes come from Egypt
- sunflower oil comes from Ukraine
- strawberries come from Israel
- mangoes come from Thailand
- beef comes from Brazil
- rum comes from the Dominican Republic
- spaghetti comes from Italy
- ...
etc.
How would the owner of the store/chain purchase all of this in different currencies, keep records, and account for the risks of the currencies themselves?

And most importantly, the US does not force you to use the dollar—trade calmly in your local currency, there is no such ban and there cannot be. The question is whether your economic partners will agree to this...
 

[Localhostspeed]

The use of the term "Fake Dollar", that was what brought my attention to your post but as i read what you posted, maybe i am not understanding you clearly you are talking about the financial system and i wouldnt exactly call dollar a fake currency, i mean i can undestand the sentiment if im being honest but i dont think i can agree with the term "fake money". The currenncy is the most popular fiat currency for obvious reason and i can also understand themm trying all means to make sure the dollar remains recognized and powerful. i am not defending but sometimes we just have to admit reality.

OP wasn't giving the literal meaning to the explanation, he called dollar fake because it's back by nothing. The US government and the Fed prints money anytime they like and anyhow they want, this has been the genesis of inflation in the US and why the purchasing power of their currency has reduced for over a long period of time now and they have never change a system of printing, they print money at their convenience and when they are in need.

Although, as much as we may want to paint it bad, dollar still remain one of the best currency in the world, some countries even in the next 30 years will not get a stronger currency like the one of US due to their economic growth, they are always one step ahead of any country that thinks they are better than them and that I will give it to them for sure, they know how to manage economy even when it's bad they still look for a way to make it work.