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Topic: 99% of the people still think that fiat money are better than crypto - page 4. (Read 3282 times)

newbie
Activity: 210
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BTC is decentralized anyone can use it, some people are not willing to accept new things that is their power, we can't force them to accept the BTC, but I believe that over time there will be more and more people know the benefits of BTC and accept it.
member
Activity: 812
Merit: 11
A huge percentage of the people that think fiat is better than cryptocurrencies do not truly know about the potential of it.
Though they do have a point, fiat have come a longer way - it is strengthened by time and support of government.

Indeed. Many peoples still thinking fiat better than cryptocurrency because they dont know about cryptocurrency and crypto potential in the future. I am believe that in digital world and internet era, transaction in internet become usual and fiat can not handle that transaction because its very expensive on the fee if using fiat and cryptocurrency have advantages on that part with providing lower fee and fast transaction
copper member
Activity: 1162
Merit: 1025
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?
It’s true that bitcoin has gained a lot of popularity  among the people all over the world and because of which its users have also increased a lot. But still I don’t think that bitcoin is better than Fiat currency. This is because firstly, Fiat currency is way more popular than crypto currency. Fiat currency has many more Users than crypto currency who only use Fiat currency. Fiat currency is trusted by most of the people where as crypto currency is not trusted by most of the people.
member
Activity: 238
Merit: 11
A huge percentage of the people that think fiat is better than cryptocurrencies do not truly know about the potential of it.
Though they do have a point, fiat have come a longer way - it is strengthened by time and support of government.
full member
Activity: 378
Merit: 100
For now i think fiat money is better than crypto, why? Because fiat money is vicible, can take in anywhere and fast transaction. Crypto must take a time to transfer from one wallet to other wallet, so fiat money is better than crypto from now. But i think if crypto can rise and give improvment, i believe if crypto can will be legal currency.
member
Activity: 266
Merit: 10
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. They have spent years of their life making use of fiat,  so we can't blame them.
hero member
Activity: 1526
Merit: 501
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I also think that way, that paper money is better than crypto. The reason is because my country does not accept payment using crypto. So paper money looks better than crypto.
Well, this is a real and accurate thing, crypto can not be compared to paper money because the support from the government is very low, and it is only a field born in recent years, it does not create the necessary credibility for everyone, the number of people who care about crypto is still a pitiful number. While the number of people using paper money is overwhelming, in addition, the value of paper money is almost fixed while crytpo is changed, it makes people feel very uncomfortable in the transaction then feel depressed in the process of waiting for confirmation
legendary
Activity: 2044
Merit: 1115
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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?

Count me in as part of those 99% because I strongly believed also that fiat currency is better than Crypto currencies specially Bitcoin currency in talking of spending. This is due to fiat currency is the most conveniently way to use for our everyday spending unlike Bitcoin in which we need the power on internet in every transaction and also we need to wait blockchain confirmation before the successful spending. This is very far away much inconvenient than fiat paper users in which even children can use the paper money instantly.

Not to mention that deflationary currencies have been tried and abandoned because they're a harbinger of death for an economy. We've had a deflationary currency before and it wasn't particularly good for the economy (see the Gold Standard and the reasons it was abandoned). Among the worst attributes of a deflationary currency is that they disincentivize economic activity because people either can (or believe they can) become richer by holding money. Less economic activity makes the economy weaker and the participants poorer, thus negating any value the currency would gain by being deflationary.  A currency only gains value when the goods and services an economy creates grows faster than the money supply, so a non-growing economy because everyone is saving makes everyone poorer.
full member
Activity: 406
Merit: 117
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?
Yes, most of the people know what paper money is. If we compare the paper money and fiat, the paper money is most popular. I must prefer to use the paper money because that is the universal all the store and restaurant and hotel mostly accept the paper money more than the crypto. But it comes on the advantages and benefits the bitcoin is one can provide it. People are getting interested in the bitcoin because of it.
full member
Activity: 294
Merit: 100
I also think that way, that paper money is better than crypto. The reason is because my country does not accept payment using crypto. So paper money looks better than crypto.
newbie
Activity: 210
Merit: 0
in fact, it will not be long. Well, not 99% of course I think that Fiat is better, people do not want to change just their foundations in the sphere of what they do not understand, not Blockchain itself and all the crypto-currencies. Previously, people also perceived only cash, but after all, there were cards and staff likel that. so I think people just need time and introduction to the masses.
full member
Activity: 714
Merit: 100
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?

Count me in as part of those 99% because I strongly believed also that fiat currency is better than Crypto currencies specially Bitcoin currency in talking of spending. This is due to fiat currency is the most conveniently way to use for our everyday spending unlike Bitcoin in which we need the power on internet in every transaction and also we need to wait blockchain confirmation before the successful spending. This is very far away much inconvenient than fiat paper users in which even children can use the paper money instantly.
newbie
Activity: 33
Merit: 0
Actually lack of knowledge and awareness,Bitcoin popularity increasing and one day will Bitcoin used commonly.
full member
Activity: 420
Merit: 100
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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?
I agree with you. cryptocurrency has given us many benefits but I still prefer fiat money from crypto coins. because fiat money looks real can be held and felt while cryptocurrency can only be seen on our laptop or mobile phone. then it will be simpler and easier to use fiat money for a day's shopping. I like cryptocurrency for investment not for as a means of payment.
jr. member
Activity: 178
Merit: 5
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?

unfortunately your friend is right. for convenience and peace of money, I still think the same with your friends. by storing in our fiat it is easier to use it in that day and we do not need to be haunted by the fear of losing. but I also think it will not develop, because every time it is always eroded by usage. and better keep it in second stability.
full member
Activity: 420
Merit: 103
I agree. This trend will continue for at least the next few years. I hope that this will come to an end soon, but judging by the way many countries treat this, it will not happen yet.
full member
Activity: 350
Merit: 125
Nothing or anything can be anonymous, it depends on your attention to detail and care. I don't quite see how that makes something better or worse though.. I use fiat more.. obviously, but I much prefer, and in fact love crptocurrency Smiley
full member
Activity: 1316
Merit: 108
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?
Partly your friend is right. Kryptovpljuta, with the exception of monero and some others, is not completely anonymous. In addition, now will begin mass regulation of the crypto currency by various states and such regulation will, as a rule, include the duty of identifying the individual when making transactions with the crypto currency on exchanges and exchangers. Thus, the anonymity of the crypto currency will be rather arbitrary. Therefore, the Crypto currency is good for making money, partly for storage, but it is advisable to output it to fiat and spend it in fiat.
member
Activity: 181
Merit: 10
I think it's true that 99% consider paper money better than crypto. Because many people still do not know what a crypto is, but if they want to learn about cryptocurrency they will know that trading with crypto money will be easier not to carry a lot of paper money in pockets or wallets.
jr. member
Activity: 116
Merit: 3
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?


Yes, and that 99% is missing on the huge opportunity that bitcoin offers. It is actually good for you, we need not convince everyone to invest in crypto.
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