Do not be this type of Bitcoiner - page 5.

nutildah

legendary

Activity: 3010

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Quote from: davis196 on October 10, 2018, 12:50:56 AM

Social media posts usually sound more radical and extremist,in order to get viral (more shares,more followers).
I don't believe that this guy is such a bitcoin fanatic.He just wants to spread awareness around the noobs,that bitcoin "is the future".This is more like a propaganda thing,instead of an honest statement.

You're right, this guy is more interested in collecting twitter followers than anything else. He knows how to push peoples' buttons by putting together combinations of buzz words.

He also fails to realize that you can't have bitcoin without a healthy economy. If the economy collapses, bitcoin is going down with it... It may resurface if a solid power grid and internet connectivity is still around, but its going to be one of the first high-risk investments sold off in the face of an oncoming stock market crash. Which people will then, however ironically, pile into fiat as a safe haven investment.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: rosemary4u on December 08, 2018, 03:08:04 PM

This kind of bitcoiner is being too aggressive and somehow irrational. I believe everything should be treated with a gradual process and this is the best way to go if we want people to embrace the world of cryptocurrencies. I think we need the right approach to ensure that this becomes a reality.

the correct word seems to be "desperate". at least that is the way i see it, because it was published during on of the downtrends a while ago and it only shows how the author has been losing money and wanting to hype up bitcoin thinking that way he can save his investment and make some money back. i am willing to bet that he doesn't understand the concepts he posted in his tweet and is just repeating them like a parrot!

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: bxipp on October 10, 2018, 03:45:59 PM

It will never happen. Bitcoin will stay bitcoin and fiat will stay as fiat. The governments will not sit and watch that happen. That why some countrys are banned bitcoin now for obvious reason. They dont want bitcoin take over their economy. So bitcoin will become bitcoin and fiat will always become fiat. Not more then that.

I think he is only a user who is too proud of Bitcoin above all, he will understand then after seeing the price of bitcoin jiggling
and the bad situation in bitcoin like now, that bitcoin is not a perfect currency, we need fiat and fiat will stay alive anytime

memecoin

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Activity: 308

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Quote from: Callanta787 on October 09, 2018, 03:49:04 AM

Damn he is taking it too far, having bitcoin and fiat together is not that bad and its better if they both exist ,all I believe is in the future people will have to trust blockchain tech ,lack of trust still plagues blockchain technology presently.

Yes, about the rumors that many people have been fooled by the blockchain, I do not like this news and I think it is fake, and what about you? I have seen and do not understand why we do not trust blockchain, which makes it safe and gives us money Undecided

.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

Quote from: dr_chen on December 08, 2018, 04:34:35 PM

BTC is not even an alternative to fiat currencies lile USD. There is a long way to go. Fiat currency does not fit all needs of our financial system that we have now and BTC may offer more. But it still needs to have standard properties of an usual fiat currency like stability and acceptance.

I know right, and I don't know why people are saying that the Bitcoin and other crypto currencies will be taking over the world of currency in the future. I am not taking their posts seriously since I know most of them are half-hearted posts but there are people that read these posts and that can affect their belief unto Bitcoin that may be passed unto other.

zhengqi

member

Activity: 632

Merit: 60

Cryptocurrency will achieve a lot in the future, but I don't think it can completely replace Fiat money. Perhaps this will happen, but very not soon. In first it is necessary that people get used to it. Also a big problem is the instability of crypto. This does not allow it to exist as a full-fledged beach instrument and so far it remains only a speculative tool.

dr_chen

sr. member

Activity: 494

Merit: 250

BTC is not even an alternative to fiat currencies lile USD. There is a long way to go. Fiat currency does not fit all needs of our financial system that we have now and BTC may offer more. But it still needs to have standard properties of an usual fiat currency like stability and acceptance.

Infinixhot1996

jr. member

Activity: 98

Merit: 2

It's really crazy to think that bitcoin is gonna send Fiat parking and be the number one currency or medium of exchange,anyone who thought about that for a second actually needs a rethink and also to go take a look at the bitcoin whitepaper

That wasn't the intention of nakamoto,it was simply meant to be alternate to fiat and work without an institution as opposed to fiat..

There would never come a time when bitcoin will be used more than conventional Fiat currencies,thats a fact

Micerker

full member

Activity: 593

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That is a significant risk, do you accept all bets on Bitcoin? If Bitcoin replaces the FIAT, you will become rich through fortune change, if this does not happen you will die in misery. Would you like to trade it all for Bitcoin?

rosemary4u

jr. member

Activity: 392

Merit: 1

This kind of bitcoiner is being too aggressive and somehow irrational. I believe everything should be treated with a gradual process and this is the best way to go if we want people to embrace the world of cryptocurrencies. I think we need the right approach to ensure that this becomes a reality.

biskitop

full member

Activity: 686

Merit: 104

because the population in this world, almost 80% do not use bitcoin, and if he forces to replace fiat to bitcoin, isn't that a violation because he insists. the government also certainly does not approve it, because bitcoin does not have clear regulations, and fiat is an important element for a country's economy, not bitcoin.

Dominic_Johnson

newbie

Activity: 79

Merit: 0

A lot of people take it to the extreme for the attention it provides - not many people (on the outer anyways) are interested in hearing smart people taking their time and doing 'mediocre' things with 'mediocre' opinions

Al-e_x

member

Activity: 560

Merit: 11

in my opinion, in the future fiat will still survive. but the crypto will be a competitor for fiat in the future, and crypto will dominate every transaction, we will see crypto used to pay for items that have little value or even for large businesses.

fiat will be used by some people who do not understand technology, and they are primitive.

Purple150

brand new

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This is entirely wrong. Bitcoin and fiat don't need to be competitor,rather they can coexist. Fiat currency has stayed in the market for a long and you don't need to get rid of it.

KonstantinosM

hero member

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Merit: 763

Life is a taxable event

Bitcoin is definitely not just about exiting fiat. But to a lot of people, me included the draw is to be my own bank, to the extent that I can be.

I like not having other people control my money. I also believe that the dollar keeps losing it's value and it might lose its value really fast in the future.

The collapse of the dollar doesn't necessarily mean that bitcoin and other crypto (or even regular) currencies will rise to the top and that the people of the USA will all lose their money.

There's still stocks and property. Stocks and property don't base their value on the dollar even if they are dollar denominated at this point in time. The dollar collapsing doesn't necessarily mean that everyone will start using bitcoin.

Even if everyone tried to use bitcoin to be "exiting fiat" we don't currently have working scalability to keep bitcoin decentralized and censorship resistant. People would have to use bitcoin accounts on online institutions that would mirror banks. This would be a superior system (to current banking) in my opinion but this is a different discussion all together.

Dazzling630

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Everyone is at liberty to express their opinion. He's one step further down the road and taking it to the whole monetary system. But it's just his opinion at the end of day. Only time will tell the rest. Peace.

CryptoSifus

jr. member

Activity: 90

Merit: 2

Seems to me that the writing is already on the wall.
I don't read that comment as if he wants the system to collapse, but rather when it does at least we will have sound money to exchange value with.
Woke people will be in a good starting position for a financial reset and those who still believe fiat is money will have the curtain pulled back and they will see that they have been getting conned their entire lives.
When control of the money supply is given back to the people who actually contribute to it's value (not the social parasites who call themselves financial elites), you can surely expect a major downsizing if not total dissolution of governments and central banks.
Without the criminal banking cabals and their political muppets in control of peoples money they will find it very difficult to wage their wars and wreak havoc around the world.
When people are not divided by false flags and fear, I expect humanity will unite and usher in an era of peace and prosperity like we have never seen before.

Extra-small

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Couldn't agree with your topic more. The man is taking the matter to extreme. Bitcoin replacing fiat currency will be a long process if it does happens. Co-existing together seems to be a much possible scenario.

yansen

full member

Activity: 588

Merit: 106

if you see from his words, he really expects the fiat financial system to collapse and be replaced with crypto. yes, that is too extreme, when the real system has been established and a new system is still emerging, I think the government will not accept it. because the risk is very large. Even though technology is more powerful. but the value is a priority for transactions. especially stable value. better is fiat in collaboration with crypto. it is very good in my opinion.

Subsequent

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There will alwasy be some people that will take things to extreme or stating things without facts backing them up. There is no researche that indicates that bitcoin might dethrone FIAT currencies.

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