99% of the people still think that fiat money are better than crypto - page 19.

davinchi

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Quote from: Mainman08 on November 11, 2017, 08:32:32 AM

Fiat is better than crypto because you can use it everywhere. But if bitcoin can be use offline too it will better to use than fiat.

Even if Bitcoin can be used offline, it will never be better than Fiat, because Fiat has been around for a long time and is more trusted and more reliable than any other type of currency. There is gold which has been around for centuries, long enough before bitcoin smelled earth, but still people prefers fiat, upon gold is worth more than Fiat.

One thing you should know is that Bitcoin, gold, silver and all those other stuffs can never be used as money, no matter what nonsense all these lunatic-bitcoin-economist and enthusiasts says, they all just say that to boost Bitcoin for their own selfish reasons and personal interests.

merilena

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99% of people still believe that Fiat money is better than crypto, but I think that the future is crypto, and it takes time, but as it will be - it will become clear in the near future

sheenshane

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Quote from: davis196 on November 09, 2017, 08:36:26 AM

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin

"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

We could not blame them we don't have a right to dictate what they liked a digital cryptocurrency money or a fiat, fiat is an easy and convenient money on us to spend it is handy and easy to put in the pocket. Maybe some of them refused about digital money it because it needs a internet connection before you buy.
But are you sure 99% people refused in cryptocurrency money? Then let say maybe its true at least that 1% left still believe on bitcoin will convince the 99% people who refused after nowadays through by the help of modern technology bitcoin cryptocurrency will have more users compared to fiat.

panjay

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Of course, it is.

How many merchants that accept bitcoin? I mean people living in this world using fiat in their daily life and that already happens a long time ago. Using bitcoin is inconvenient for now at least with time it takes for bitcoin to arrive from wallet to another wallet. In my country, people even don't know how to use Paypal. hell they don't what exactly what the purpose of Email.

jhongzjhong

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Your friend was right, we don't have the right to dictate them, people who's not involve in cryptocurrency maybe as of now they refuse about to know cryptocurrency money. Because they think fiat is the only money they know. We can't blame them I think lack of internet connection to adopt this digital money.
Who knows nowadays cryptocurrency money will mostly used compared to fiat, as of our age now many people adopt the modern technology which cryptocurrencies found.

Dodoymabs

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Quote from: swaptaker on November 09, 2017, 09:57:39 AM

Quote from: davis196 on November 09, 2017, 08:36:26 AM

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin

"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

Well, even 1% of the people is more then enough and you will see that the number will go up significantly with time. This is depending the usage of cryptocurrencies. Maybe some countries will start to use them instead of their national fiat money, who knows.

That is true, even 1% makes a big difference. Crypto is like a virus that keeps spreading around the internet. Maybe for now people still in favor of fiat but will see in the near future that crypto will dominate over fiat.

adzino

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Your friend is a bit dumb I would say. He thinks that if you store the money in your pocket, it will stay anonymous? Nope. Say someone withdrew the money from the bank. The money can be traced all they way to you! And you can not be storing thousands of dollars with you, can you?

jatin729

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Yes i am the one of them, fiat currency is better because it is operated by central bank and we have security of our money. Bitcoin is decentralize and no third party involvement is there, thats why people worried about fraudulent activity.

darewaller

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Quote from: davis196 on November 09, 2017, 08:36:26 AM

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin

"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

There is nothing you can do to change that, and let me say it, Fiat is better yep. Why I said it is better is because it is needed by everyone more than Bitcoin, and I’m very sure that 100% of the people that are Investing on Bitcoin are into it just to make more money (Fiat) and not just because they need Bitcoin. So I wouldn’t blame that your friend for saying that Fiat is better than Bitcoin, because Fiat is more important.

azguard

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Quote from: HabBear on November 18, 2017, 02:39:41 AM

Quote from: davis196 on November 09, 2017, 08:36:26 AM

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin

"

Damn, now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.

Your friend needs to expand the context.

First, how much fiat can he hold anonymously...can he hold $100,000 Euro in his pocket, anonymously? No.

Second, to get that anonymous fiat in his pocket he needs to go to a bank, withdraw the money and likely pay a fee. Oh, and when he withdraws that fiat his bank records that transaction (and that record probably has his name and account number!) Now, I can send you $100,000 euro (or a bit more than 100 Bitcoin) and while my wallet address and your wallet address will be public, you and I each are in sole control over who knows that wallet address is owned by either one of us.

Third, his fiat Euro is worth less tomorrow than it is to day, while our bitcoin is worth more tomorrow than it is today, simply because our money supply is finite.

Yes ho has anonymously 100k in pocket no one. No matter how we turn thing out we need fiat, why we change bitcoin or ethereum to fiat every time. No need to be 100k or 1000 dollars or euros but eventually we all do this on some point.

HabBear

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Quote from: davis196 on November 09, 2017, 08:36:26 AM

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin

"

Damn, now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.

Your friend needs to expand the context.

First, how much fiat can he hold anonymously...can he hold $100,000 Euro in his pocket, anonymously? No.

Second, to get that anonymous fiat in his pocket he needs to go to a bank, withdraw the money and likely pay a fee. Oh, and when he withdraws that fiat his bank records that transaction (and that record probably has his name and account number!) Now, I can send you $100,000 euro (or a bit more than 100 Bitcoin) and while my wallet address and your wallet address will be public, you and I each are in sole control over who knows that wallet address is owned by either one of us.

Third, his fiat Euro is worth less tomorrow than it is to day, while our bitcoin is worth more tomorrow than it is today, simply because our money supply is finite.

justdimin

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Quote from: wilberthh on November 14, 2017, 10:51:35 PM

It's inevitable that flat is still more convenient than crypto. But both of these payment tools have their weaknesses and advantages. For example, with flat you can use it as a payment tool without having to pay for any fees like when you use crypto as payment. But with crypto you can send it to all over the world easier, anonymously. And also the prices of crypto is inclined to / tend to raise. But even so, for me personally flat is still better than crypto at the moment.

Definitely, and that is because the usage of bitcoin is not widespread or easy yet, but over time, this would definitely improve. However, looking at the 99%, we cannot say all of them prefer fiat over bitcoin. So many of them even have no idea what bitcoin is all about and then how do we expect people like that to not stick to the only thing they have known all their lives.

Over time, as the awareness is being created, and usage is becoming easy, there certainly would be more adoption and people by then will see bitcoin for what it is than just being an asset.

jonatuzc

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Quote from: iram1011 on November 11, 2017, 08:52:17 AM

The general misconception in the mind of people about Bitcoin is that it is the currency of darkweb or is used in criminal activities. This what government and financial institution in many countries are propagating. Also cryptos are not regulated or controlled by government. Thus, majority of the global population who are into fiat are not able to understand and are not paying heed on this revolutionized form of currency. This will definitely gonna take a time. Cryptos own a better future.

To wipeout this misconception from the minds of people bitcoin organization must have to arrange some seminars this will lead to clear the doubts in people minds and this will surely give them a motivation to use this coin and still more advertisement of bitcoin is required to spread knowledge about bitcoin and once all doubts get cleared all people will surely say that flat currency is just a paper and real one is btc.

bitcoinrays

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Quote from: metenjean on November 12, 2017, 04:11:06 AM

Quote from: davis196 on November 09, 2017, 08:36:26 AM

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin

"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

Its the reality of the world now, because bitcoin is more like a bubble that ready to burst as seen by most economics and it makes a good point of view to most people. Most people dont really want to change too fast and with something they dont really good at and at this point bitcoin prices surged too fast while there are no good reasons other than demand about the annoymous transactions, before we got bitcoins people used to use tulips, stocks and property and all those thing become bubble so i think its reasonable if most people still think fiat money are better than crypto Grin

Yup there is quite a majority of people who use the fiat money instead of the bitcoins for the sake of monetary matters. Bitcoin is not a legal economy and therefore the people always fear to buy it as it would not guarantee them a life time security with reference to the earning methods. Along with it, the price of Btcs is a subject to change after every few months and hence a person does not find stability in his financial life.

Fulmand

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Quote from: _Dawid_ on November 16, 2017, 03:16:38 AM

I must agree with your friend in some simply cases. Currently if you want to buy any crypto you send your money from your bank or connected account when you have to put your identity. Then you ca use exchanges, so there is no more anonymity here... At least at beginig of such case, of course you can get crypto form other source but i don't think so that someone new and even most people on the forum are able to deal with it.
People can also spend fiat for daily expenses. Bitcoin is not centralized but currently mainly speculated...

Absolutely right, this is true as the result we see many people around the world did'nt know about bitcoin at this new generation. Few countries having accepted the digital currencies but they are only a second many, so people still think that fiat money are better than crypto.

_Dawid_

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I must agree with your friend in some simply cases. Currently if you want to buy any crypto you send your money from your bank or connected account when you have to put your identity. Then you ca use exchanges, so there is no more anonymity here... At least at beginig of such case, of course you can get crypto form other source but i don't think so that someone new and even most people on the forum are able to deal with it.
People can also spend fiat for daily expenses. Bitcoin is not centralized but currently mainly speculated...

Thanasis

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Quote from: nightfury on November 16, 2017, 01:10:48 AM

Fiat and crypto are distinct from each other and cash's advantage over bitcoin is that you can do any transaction easily anytime soon since it is offline. Moreover, there is also no processing fee or any charges when you transact using cash.
But on top of that, cash has always been the currency used by people from a very long time before bitcoin has arrived.

As you said the fiat and crypto are totally different,if you have cash it is easy to transact and no internet needed,then cash has been in the use for long time but we can expect fiat to stay forever.This is new era everything in the world is changing,before we have landline phone now everyone having mobile phones like that also fiat will be replaced by crypto in the future.
One thing people need to understand to change to the crypto is if you have the fiat the value of the currency decreases when the days passes but if we have the crypto like bitcoin the value will get increased when days passes.

youdacapt

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it makes perfect sense because the world has not recognized bitcoin thoroughly, the degree of bitcoin instability will create a split in the future, so far the world goes with rules and active intervention to maintain economic sovereignty, and fiat is their key, if bitcoin reigns then we will go back in time where all feel great and fight with each other without strong rules.

queenhallmark

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Unfortunately, many people consider fiat in the best way. By and large they are right. Look around. To whom to trust? Bitcoin? Forks gradually destroy trust to this coin.

henmark

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Quote from: imamimam1234 on November 10, 2017, 02:49:50 AM

Everyone who has a bunch of bitcoins also use fiat money. but not everyone has a bunch of fiat money use bitcoin too. Why fiat money better because its quantity all over the country and globally been used since a long time ago. There's a lot that crypto have to do. CMIIW

It is because the world is not that modern yet that many people start using bitcoin. Those people who are owning bitcoin and are also using paper money, they do so because that in the daily life routine things can't be bought with bitcoin.

One must use paper money in daily life to fulfill his requirements. With the time, bitcoin will also be used by the people in daily life, equal with paper money.

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