Topic: Conservative Fiat Currency & Progressive Bitcoin Currency Adoption (Read 283 times)

if you are talking about the patent design of paper notes. sure not changed. in over 100 years
but did you know 100 years ago that $1 bank note could have bought you 17x more things back then compared to now(general inflation)

however peoples labour is about $10 min wage now.
where as in the 1920's it was 16cents meaning to get $1 people had to work 6 hours to get just $1

what you will find is the Naira only devalued due to the whims of the forex markets where america done some nasty things to make the naira value go down in greater consequences to fake stability of the US dollar.
the snowball effect is the naira then had to print more to compensate which then lead to more devaluing to de-compensate.

but thats for another topic in the economics subcategory of the forum

Wow!!! I like your analysis. Although fiat currency to some extent is not stagnant or stable but fiat is stagnant or stable in the sense that it is control by national authority through bank and the currency notes are already printed without changes for all years. Like 1 dollar note has not been changed  since when I have been given birth but my country naira note has been changed by devalueing itself time without number. Naira never rise or go up in any time but always devalues itself and the goods and services increase rapidly like the dollar itself. That is one of the element made me to say fiat is stagnant or stable.

fiat is not stagnant or stable
people have just got used to its movements to no longer notice it

people can go to a retail store and see the prices of things change by 50%+ 2-4 times a year

its inflationary
20 years ago in the UK minimum wage was £4.20. now its more than double
..

however when it comes to investing in other things. traditional investments seen yearly growths of only a few percent a year. this is not because those investments only grew by this. but instead how many lower class investors had to invest by middle men where the middle men make the profit on the wider ranging volatility and only offered their customers a small percentage profit over long term investments.

..
as for conservatives.
they dont want stability and stagnation. they want to preserve and conserve the wealth and control within their flock. even at the cost of using and abusing those outside of their group
     communism                          capitalism
                      political__ corporate
          socialism          \ /            neoliberalism
                             citizens
                            liberalism
of the triangle conservatives are the elitists at the top. the political-corporation line
they are part of the capitalist regime. not the group that cares about the underclass/average joe
..

bitcoins early years attracted the libertarians and the socialisms of wanting citizens in power to share and progress..
however bitcoin has seen the edges(businesses) fill up with more the of the political/corporate control and decision making

That's the point that we always lose. The all famous Charlie Chaplin movie the dictator had a quote saying if we fight each other then we would forget that we are hungry.

Same goes here, if you constantly manage to make right and left fight, progressive vs conservative, liberal vs whatever and constantly keep on making them fight, then they will not realize that no matter what the world is, there are people at the top managing the world to bring them power and money and a great life, whereas you and me could have very different opinions about life and yet we would be crushed under the same power hungry politician, no matter what the ideology of that politician is because it happens in every nation with all kinds of imaginable ideas.

The value of fiat is never stable or atleast in the last 50 years because the value keep decreasing due to the increase of supply by printing more and more money but it is completely controlled by the government so the whole people lives depends on few particular individuals who holds the power those people don't really want the decentralized monetary system is the primary reason for suppressing the growth of cryptocurrencies.

In life, it is normal that for everybody new concept, there will be people who will be for it and those who will be against it, and on the contrary that doesn't make them bad people, but it times they are not used to such thing and are not ready and willing to learn new things, and same as Bitcoin, because till today there are still some persons who still believe that anything online is a scam, and that Bitcoin is a scam too, especially the elderly people of around 50 to 65years old. And you actually can't blame them for that.
But I really love the concept of this thread, and for that reason, I will be showing some love

USA is the global military and economic superpower. That's why the world uses USD for transactions.
Ghana is just an underdeveloped country with a weak economy. Who the hell in the world would use the national currency of Ghana outside the borders of Ghana?
I guess that by "stable" you don't mean having a stable price. It means that the majority of people consider it that way.
All this progressive vs. conservative comparison is kinda pointless. Those are political ideologies, not technology concepts.
The USA is governed by the US Democrats and they are supposed to be progressive, but they are actually quite conservative when it comes to cryptocurrencies.
The collision is more like traditionalist vs. innovative, rather than progressive vs. conservative.

Fiat is always stable and it rising and falling price or rate is always control by dollar metric (dollar price). Now look at the countries you mentioned above that have the highest % but is not doing well as the dollar. Do you asked yourself why it is like that? Do you know why dollar is accepted everywhere in the world? Why Ghana Cedis is not accepted currency in world to be used? I dont know if you are from USA but I am saying the truth. There is conservative and progressive mindset and remember USA is a progressive State.

Discoveries never get accepted suddenly, same for Bitcoin as well. When it was created by Satoshi Nakamoto very few people only support that. Today, see how large the Bitcoin community is. It will expand more day by day once the old leader will be expired. You know centralized governments don't like to lose control over the currency hence they are against Bitcoin. But who knows if they are accumulating for themselves? So some people always will be against Bitcoin, but still, Bitcoin growing well.

Fiat is never truly stable. Most of the time, it devaluates at a predicted rate that is considered reasonable and not hurtful by those making monetary policies (5% annual inflation rate). Many times, things go wrong and fiat currencies go A LOT above that 5% target (Turkish lira is currently at almost 80%, Argentine peso is at around 90%, Ukrainian hryvnia is at around 30%). Even those fiat currencies which are considered very strong are not doing that well sometimes: the USD is at 9%, EUR is at 9.6%.
Bitcoin is sometimes very volatile on a short-term scale, more than even those fiat currencies that are doing badly. But it also often grows in value, which isn't something that normally happens with fiat. In any case, Bitcoin adoption is very far from fiat adoption, so they're not really competing like this. Even pro-Bitcoin people often see it as something other than a payment method.

Yeah I wouldn't exactly be calling Matt Damon, JP Morgan bois and Youtube influencer girls as progressives. You can act all shocking and cool and  strut around with Bitcoin ads all over but that doesn't say anything about your stance as a financial conservative/progressive.

I'm probably Conservative just by my DCA-ing alone.

What else do you expect, if you're in power then you will always work things out on your interest, a decentralized network like bitcoin has nothing they can gain from it, so that's the best way of an attack on it, but i need to let you know that USD is thesame under fiat except if you're referring to USD in relation to other fiat currency, lastly this entire discussion from it topic seems to fit in more on "economics board" than on bitcoin discussion, pls take note.

With inflation rates exceeding double digits in many places in the world at the moment, I wouldn't say that's accurate.  The value of traditional money is decreasing at an alarming rate.  It doesn't look "stable" at all.  And antiquated financial policies are the primary cause of this.  For too long everyone has taken it for granted that they would be able to rely on stable national economies.  This is no longer the case in many countries.  Once people are left with little alternative, they might start being less conservative and be prepared to indulge in some progressive thinking.

Fiat currency is a stagnant currency which is also known as stable currency. It is only dollar controls the rising and falling of the fiat currency. Dollar asks fiat to devalue itself for it (dollar) to go up and refusal of fiat to devalue itself attracts sanction from dollar either by not supporting the fiat developmental plans and disobeying the fiat foreign policies. And that becomes dollar-centric currency. In the other hand, Bitcoin is a progressive currency that came to the world to change the transaction process of assets among people. Change is invitable and any living organism that does not adapt to change is already a dead specie. States are living organisms that developed from stages.
In any society there are two groups of people exist.
1.   The Conservativist : The conservativist are those that do not want any developmental changes in their domain.  They don’t want any development project so they are against bitcoin and other crypto currencies. They see bitcoin as bad project or currency. They are contented with the stagnant currency (fiat currency).  Most of our old generational age group or groups of people belong to this group. They even against the development of human nature.  They do not adopt change.
2.   The Progressivist:  These are the people who believe in the society.  They adopt new things to develop the society and adapt to the adoption. Bitcoin was created and launched to change the central control of transaction between two or more and that is call p2p and also to make transaction easy for users and other benefits are attached to it yet the conservativeists reject cryptocurrency (bitcoin) probably they might not benefit it like they way they are with the fiat currency.