Cyrpto vs Fiat - page 11. | Bitcointalksearch.org

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

Quote from: DOGE12321 on August 01, 2016, 02:24:49 AM

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each?

i think it doesn't matter how many more topics about this subject are created and how many people reply to it, nobody will undestand the difference really until they have tried both systems themselves for some time.

obviously we have all used fiat so we don't need more experience there, so i suggest you use bitcoin for real like in going out and buying something with it to feel for yourself what the difference is.

yayayo

legendary

Activity: 1806

Merit: 1024

Well, that's pretty simple.

Fiat has zero positive aspects or advantages. One can only point out the negatives: Fiat is political money, subject to the interventionist Ponzi schemes of government-controlled central banks. Fiat has therefore a built-in value destruction function. Fiat is neither a safe store of value, nor a recommended way to transfer value. Using fiat, you are subject to surveillance and arbitrary harassment by banks and the officialdom that constantly invent new pretexts to illegitimately extract funds from the respectable individual to further accelerate their cancerous growth.

With Bitcoin you have a safe store of value that exists outside the fiat Ponzi scam. If you use it peer-to-peer with no intermediaries and fiat conversion, you can also get rid of most of the invasions of privacy attached to fiat use.

ya.ya.yo!

romero121

legendary

Activity: 3234

Merit: 1214

DGbet.fun - Crypto Sportsbook

Fiat has long back existence as well history compared to our cryptographic currency network. Now due to the high potential bitcoin have reached more users in a short span but won't get used similar to fiat. Over the falling years at least 10% increase from current users is expected.

BitFinnese

copper member

Activity: 1050

Merit: 500

We all know the similarities and differences , advantage and disadvantages of the two. Crypto is pushing a decentralized form of monetary system while fiat money is already under a centralized monetary system. Crypto being easily transmitted globally while specfic country fiat money need to be converted to international currency then convert it to wherever country is the one receiving it.

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

Crypto is has its own height But but fiat currency is need for local trade.

But Crypto currency have that much power can replace fiat currency. As these are directly evaluated in fiat currency.
Upcoming world is digital and already beginning launched in form of Bitcoin.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Using fiat or cryptocurrencies will give you a different benefits but, all about it's just for make easily for the human's life, like fiat you can take the benefits like, Is very easy to use that in your environment, filled your daily needs and another benefit you can get from fiat and the cryptocurrency will give benefits like the decentralized system you will get to secure your data, but it's just some example for the benefits you can get from them.

btvGainer

legendary

Activity: 854

Merit: 1000

Quote from: DOGE12321 on August 01, 2016, 02:24:49 AM

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each?

Prefer cryptocurruncy because they are fast,secure and you have full contol on your money. But it will take lot of time before cryptocurruncy replace fiat or it may never happen in my lifetime

Dudeperfect

hero member

Activity: 1190

Merit: 534

The main difference is accessibility, acceptability, anonymity and cost & fees. Right now crypto currency has advantage of 3 things and fiat is well just on acceptability.

You can send crypto coins anywhere in the world without any heavy costs but if you are transferring fiat then you might have to pay heavy charges on such transfers.

Fiat is popular just because it’s the traditional way of transactions and since crypto currency is new and getting momentum, it’s comparatively less popular.

Crypto currency has biggest advantage of anonymity which is not possible in fiat unless you are dealing through negative channels like havala network.

Sniper44

hero member

Activity: 714

Merit: 501

each of them are made for a different purpose, you can't really compare them in my opinion.

fiat has been around for a very long time and it is being accepted everywhere in the world without an exception and all fiat currencies can be exchanged to each other.

bitcoin offers a lot of benefits like the security and decentralization and many other things that others have explained above me. but the problem with bitcoin is adoption.

all other crypto currencies which are altcoins are a lesser version of bitcoin. they have many good features but not all of them are good but some have good future ahead themselves even if today they are sharing a small part of the market.

PhilPrime

sr. member

Activity: 378

Merit: 250

BlockChainBroker - The Real Estate Exchange

Quote from: DOGE12321 on August 01, 2016, 02:24:49 AM

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each?

for me. fiat is the best. we use it for many years and it still fiat and strong. the price is stable and its legal.
while on the other hand, crypto is good too but there price is very volatile and easy to be dump. so it is not stable
but we can also use it for profit.

Jeremycoin

legendary

Activity: 1022

Merit: 1003

𝓗𝓞𝓓𝓛

For now, Fiat is the more used by people. But I believe as the time goes by people will start using Cryptocurrency, because it's the most suitable for now and for the future. Because using Cryptocurrency is more practical than using fiat money, you don't have to bring a lot of them in your wallet. So you don't have to worry for your money will be stolen. Well, it depends on how you keep your cryptocurrency. If you do it with the proper way, then you are safe. But if you do not use the best security system to protect your wallet, then you are not that good.

extrabyte

legendary

Activity: 840

Merit: 1000

Quote from: DOGE12321 on August 01, 2016, 02:24:49 AM

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each?

Both of them have their own benefits, for real world use fiat is the first one cant be changed for few decades maybe and for online purposes I prefer more bitcoin because its cheaper and most of the time faster than online banking transfers.

DOGE12321

sr. member

Activity: 378

Merit: 250

Quote from: SAMKUSH on August 01, 2016, 02:45:48 AM

I mainly use cryptocurrency to gamble or trade, I can make a lot of money this way. As soon as I reach a certain amount I sell my crypto and buy fiat as it is more useful to me, it is easier to spend. I only use crypto for certain services.

We have very much alike. I do the exact same, but I can't to sell my Bitcoin and get Fiat. But I use BTC to buy Steam keys and digital technologies using a Bitcoin debit card. However, I do think that fiat would be more useful to me compared to cryptocurrency.

Indrawan77

hero member

Activity: 1274

Merit: 516

If you are asking whether bitcoin or fiat, i would definitely say bitcoin because it is a good investment tool, but if alt coin i kind of doubt which one to choose, some of the coin is very unstable in one minute the price is sky rocket the other minute it can down to a hole, so if invested in bitcoin i would definitely say yes, but alt coin i would say fiat is better

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: DOGE12321 on August 01, 2016, 02:24:49 AM

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What is the benefit of each?

The benefit from using fiat
- You can buy anything for easily in every place in your are or region
-The store is always accepted fiat payment
-It's legal currency with the government regulate

the benefits of using bitcoin
-it's decentralized
-anonymity it's enough for covering your personal data
-easy for using for the online digital transaction

Between the benefits of bitcoin, you can get there are disadvantages for every type currency.

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

I think there is one thread that talks about bitcoin vs fiat. When it is crypto, then it is all the online currencies.
Both have their own usage and must exist at the same time for the convenience of all people.

sulendra12

hero member

Activity: 2912

Merit: 526

Reward: 10M Shen (Approx. 5000 BNB) Bounty

You must need both of them , you work and get paid with cryptocoin and then exchange to flat for your needs.
And the good point with cryptocoins you can earn interest with it and you can send your bitcoin anywhere you want with less fee.

JesusHadAegis

sr. member

Activity: 280

Merit: 250

Do we take sides or?. I earn crypto but i need to convert it to fiat in order for me to spend it. Crypto is easily transferable and it has nothing to do with the government. Crypto as we know circulates in the internet and the only risk is scammers but it's on you if u got scammed many times. the same with fiats currencies.

Jimbola3

sr. member

Activity: 382

Merit: 250

Quote from: SAMKUSH on August 01, 2016, 02:45:48 AM

I mainly use cryptocurrency to gamble or trade, I can make alot of money this way. As soon as I reach a certain amount I sell my crypto and buy fiat as it is more useful to me, it is easier to spend. I only use crypto for certain services.

But there are more fiat gambler then the cryptocurrency gambler as there are more number of casinos all around the world and more gambler too !
yeah but is soon future i think more physical stores will be accepting bitcoin so it will be more important then fiat !

jhenfelipe

hero member

Activity: 1372

Merit: 647

I'm using Crypto in online world. As long as I'm online, I can earn it anytime and anywhere, no boundaries. I can manage it myself too, send and receive payments, trade and invest. I have a full control of my earnings. On the other side, I use fiat on my everyday life, I earn it on my full time job. I can spend it anytime and anywhere on different stores, but of course there is tax deduction.

Topic: Cyrpto vs Fiat - page 11. (Read 6963 times)