Do you prefer bitcoin, FIAT money or other? - page 3.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: Jace on March 31, 2015, 06:55:47 AM

Quote from: bryant.coleman on March 31, 2015, 06:12:18 AM

I am almost losing my faith in Bitcoin. If the exchange hacks and wallet robberies continue like this, then Bitcoin may never go mainstream.

Exchange hacks and wallet robberies are nothing compared to the scams, lies, cheating, corruption and fraud that banks pull off every single day as part of their regular business.

Sometimes, when you think about it, it's hard to believe that fiat money is still mainstream.

In the past one year or so, some 15% of all the Bitcoins in circulation has been stolen from its rightful owners. Coins have been stolen from exchanges like Bitstamp, which are having some of the most professional security features. This has seriously affected the BTC adaption among the general population.

tspacepilot

legendary

Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

Quote from: redsn0w on March 31, 2015, 09:35:59 AM

Quote from: tspacepilot on March 31, 2015, 09:30:32 AM

Quote from: redsn0w on March 31, 2015, 09:02:54 AM

Quote from: tspacepilot on March 31, 2015, 08:54:56 AM

But in a forum for bitcoin enthusiasts, don't we expect bitcoin to win this poll by a landslide? Obviously the facts on the ground are that almost all of us still have to use fiat for one reason or another however I expect that almost everyone here "prefers" bitcoin when it comes down to it. What am I missing?

I will expect the same thing, thanks for your useful opinion (have you participated to the poll or not?) but as I said previously there are 3 users that will choose FIAT money and this is very interesting.

I guess I skipped it because, to be honest, I didn't understand the point (and I still don't, actually). Still, good luck with your poll!

Can I ask you why you have replied if you are not interested, as you said "I didn't understand the point (and I still don't, actually)." However thank for your useful post

and have a great day.

PS: it is a simple poll in a simple bitcoin forum.

I wrote here to ask about the point. Wasn't that obvious? I didn't take the survey because I still don't get the point. (your reply that it's "interesting" that 3 people prefer fiat is a little, well, uninteresting). Anyway, I'm only replying now because you're still asking me questions. Perhaps we should leave off here. Good day to you as well!

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: tspacepilot on March 31, 2015, 09:30:32 AM

Quote from: redsn0w on March 31, 2015, 09:02:54 AM

Quote from: tspacepilot on March 31, 2015, 08:54:56 AM

But in a forum for bitcoin enthusiasts, don't we expect bitcoin to win this poll by a landslide? Obviously the facts on the ground are that almost all of us still have to use fiat for one reason or another however I expect that almost everyone here "prefers" bitcoin when it comes down to it. What am I missing?

I will expect the same thing, thanks for your useful opinion (have you participated to the poll or not?) but as I said previously there are 3 users that will choose FIAT money and this is very interesting.

I guess I skipped it because, to be honest, I didn't understand the point (and I still don't, actually). Still, good luck with your poll!

Can I ask you why you have replied if you are not interested, as you said "I didn't understand the point (and I still don't, actually)." However thank for your useful post

and have a great day.

PS: it is a simple poll in a simple bitcoin forum.

tspacepilot

legendary

Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

Quote from: redsn0w on March 31, 2015, 09:02:54 AM

Quote from: tspacepilot on March 31, 2015, 08:54:56 AM

But in a forum for bitcoin enthusiasts, don't we expect bitcoin to win this poll by a landslide? Obviously the facts on the ground are that almost all of us still have to use fiat for one reason or another however I expect that almost everyone here "prefers" bitcoin when it comes down to it. What am I missing?

I will expect the same thing, thanks for your useful opinion (have you participated to the poll or not?) but as I said previously there are 3 users that will choose FIAT money and this is very interesting.

I guess I skipped it because, to be honest, I didn't understand the point (and I still don't, actually). Still, good luck with your poll!

agmckee

newbie

Activity: 1

Merit: 0

I think Bitcoin is the future. I don't know of any vendors in my area that accept Bitcoin at the current time, though my company does accept Bitcoin, so currently I don't get to use Bitcoin. Fiat money isn't going anywhere for a long time but ultimately Bitcoin makes so much sense. It may not be the current Bitcoin that eventually succeeds but Bitcoin will go down in history as the first implementation of the idea.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: tspacepilot on March 31, 2015, 08:54:56 AM

But in a forum for bitcoin enthusiasts, don't we expect bitcoin to win this poll by a landslide? Obviously the facts on the ground are that almost all of us still have to use fiat for one reason or another however I expect that almost everyone here "prefers" bitcoin when it comes down to it. What am I missing?

I will expect the same thing, thanks for your useful opinion (have you participated to the poll or not?) but as I said previously there are 3 users that will choose FIAT money and this is very interesting.

Quote from: ?? on ??

Bitcoin as most of my purchases are online and Bitcoin can buy some non fiat investments easily like precious metals.

Thanks for your opinion.

tspacepilot

legendary

Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

But in a forum for bitcoin enthusiasts, don't we expect bitcoin to win this poll by a landslide? Obviously the facts on the ground are that almost all of us still have to use fiat for one reason or another however I expect that almost everyone here "prefers" bitcoin when it comes down to it. What am I missing?

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: bitcoin.user.x on March 31, 2015, 08:41:24 AM

Why are you asking this here? In this BITCOIN forum of course people are trusting bitcoin and think BTC have advantage over fiat! (So I also prefer crypto-coins like bitcoin)

Because I have discovered that 3 users will choose FIAT money instead of bitcoin and I would like to know the think of more & more users in this forum.

Quote from: ?? on ??

If most merchant around me already accept bitcoin, i will choose bitcoin
If there aren't any merchant around me which accept bitcoin, i will choose fiat Sad

Quote from: dhimasnk on March 31, 2015, 08:32:30 AM

I think bitcoin and FIAT has advantages and disadvantages of each. FIAT more likely to trade in buying something, Bitcoin is more inclined to invest means

Bitcoin will become mainstream & used as currency to trade in buying something just like FIAT

This actual bitcoin (if it will not be "modified") will never become mainstream but it will stay a valid alternative for send large quantity of money (for example) to our relative or parents in other countries (under this point, bitcoin is very amazing and better than WU, moneygram etc).

bitcoin.user.x

newbie

Activity: 42

Merit: 0

Why are you asking this here? In this BITCOIN forum of course people are trusting bitcoin and think BTC have advantage over fiat! (So I also prefer crypto-coins like bitcoin)

dhimasnk

hero member

Activity: 546

Merit: 500

I think bitcoin and FIAT has advantages and disadvantages of each. FIAT more likely to trade in buying something, Bitcoin is more inclined to invest means

Jace

sr. member

Activity: 288

Merit: 251

Quote from: Immortal Tech on March 31, 2015, 07:45:17 AM

Irrelevant. Still not quicker than handing over the exact money in fiat.

Assuming that you just so happen to have the exact amount, readily available in your hand, yes. More of than than not, it's more like: €3.85, ok *opens wallet* wait just let me count.. 2 euros, another one, 50 cent, 60, 70.. hmm do you have a nickel back? Hold on I may have another dime here. Or ehh wait, here, do you have change from €5? Sure, let's see, that makes 3.90, 4, ...etc

I've already scanned a dozen QR codes in that time.

Quote

There's also not thaty much you can buy there nor would I be able to buy much at all with it in Amsterdam so a few niche shops that accept it in a small area isn't that great.

Amsterdam (not to be confused with Arnhem) doesn't have as many Bitcoin acceptants yet, although they're on their way.

But in fact, yes there is actually TONS of stuff you can get here with Bitcoin: pretty much all your daily expenses, restaurants, pubs, museum, bicycles, several car companies, cinema, hardware stores, hotels, hair dresser, post office, book stores, massage studios, and some people even pay their rent in Bitcoin here in Arnhem.

Seriously, you'd be surprised just how far general Bitcoin acceptance has taken off already.

Jamie_Boulder

sr. member

Activity: 378

Merit: 250

Bitcoin, feels liberating & safe to be in charge of my own money.

P.S: Are you a real redsnow developer?

12345mm

sr. member

Activity: 406

Merit: 250

seashells
(other)

-they can't be faked or printed in excess , must be grown by sea critters , and harvested from beaches , so , proof of work
-proof of work involves walking beaches , instead of sitting in basements and warehouses wasting electricity
-they're prettier than btc or fiat
-the biggest best looking ones that aren't chipped are worth the most , but they come in all sizes shapes and colors , so they work like different denominations
-they're portable enough to be carried around on necklaces/bracelets/anklets/jewelry , so , fashion and money all in one
-they smell like rotting snail and salt , so , that's a plus too

Grin

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: bryant.coleman on March 31, 2015, 06:12:18 AM

I am almost losing my faith in Bitcoin. If the exchange hacks and wallet robberies continue like this, then Bitcoin may never go mainstream.

You obviously do not know how much FIAT gets "lost" when the government does something. Sadly I can't find a correct link for this. The problem is that this doesn't have a real affect on the country (for example the USA), because they just keep making more. With Bitcoin they get dumped somewhere.
It's quite obvious that this is one of the important issues that need to be dealt with, but Bitcoin can't be blamed. The infrastructure supporting it is developing. It will takes time before we have exchanges that will almost be hack-proof.

I'm definitely for Bitcoin. Here's why:

Quote from: Jace on March 31, 2015, 05:46:23 AM

independent of banks, governments or other middle men
fair, honest, decentralized money
"they" (regardless of who "they" is) can't steal or freeze or block my account
anonymous (to certain extent, at least I don't have to identify and shit)
unrestricted, no region or country or other bullshit limitations
extremely fast
extremely easy
extremely secure
extremely cheap
extremely efficient
no elite who has the exclusive privilege of creating money by the trillions of out thin air
gives me 100% control of whatever the hell I prefer to do with MY money

Immortal Tech

newbie

Activity: 31

Merit: 0

Quote from: Jace on March 31, 2015, 07:29:14 AM

Quote from: Immortal Tech on March 31, 2015, 07:09:32 AM

but cash is still king if you want to make a quick purchase for a soda or some candy or something.

You obviously have never been in Arnhem (The Netherlands), Bitcoin Capital of the World Wink

You'd be surprised how easy it is to do a quick purchase with Bitcoin here, with 60+ local merchants (including supermarket and various food shops) accepting Bitcoin.

Irrelevant. Still not quicker than handing over the exact money in fiat. There's also not that much you can buy there nor would I be able to buy much at all with it in Amsterdam so a few niche shops that accept it in a small area isn't that great.

shogdite

hero member

Activity: 798

Merit: 1000

LIR Dev. www.letitride.io

I'd have to say bitcoin. Fiat still has its uses, it's still fairly hard to live 'off the grid' though some members of this forum have lived fiat free for a respectable amount of time. In the future I would love nothing more than to have my salary paid in bitcoin though I'd be wary of having to cash some of it out (for bills, insurance etc) due to the price volatility.

dothebeats

legendary

Activity: 3542

Merit: 1352

Quote from: Jace on March 31, 2015, 07:29:14 AM

Quote from: Immortal Tech on March 31, 2015, 07:09:32 AM

but cash is still king if you want to make a quick purchase for a soda or some candy or something.

You obviously have never been in Arnhem (The Netherlands), Bitcoin Capital of the World Wink

You'd be surprised how easy it is to do a quick purchase with Bitcoin here, with 60+ local merchants (including supermarket and various food shops) accepting Bitcoin.

Wow. Never knew a country where merchants accept bitcoin as it is. If only I have BTCBTC to spend, I would definitely include the Netherlands on my list of places that I want to visit.

Question, do you think I could survive a week in there with only BTCBTC on hand and never do a even a single transaction with fiat?

galdur

hero member

Activity: 616

Merit: 500

For now I´ll have to prefer good old fiat since bitcoin has about zero acceptance and impact. But I hope that will change in the not too distant future. Good luck, g

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

I would prefer a mix of both.

Though Bitcoin has its own strengths, it also has weaknesses which makes it NOT a tool for the regular Joe.

Until it gets user friendly and gains momentum, I would keep Fiat as my preferred method. Once we get to the point where crypto currencies become more secure and user-friendly for average user, I'll change my preferred medium to crypto. But then also it will be a mix, not 100% of any of the one.

dothebeats

legendary

Activity: 3542

Merit: 1352

Though I really like bitcoins to succeed, still we can't deny the fact that we are still bound to the burdens of fiat money. However, we, as the "early adopters" of this innovative technology laid before us, were the ones who will drive bitcoin to its highest point: mainstream adoption.

Topic: Do you prefer bitcoin, FIAT money or other? - page 3. (Read 2578 times)