Do you Still believe in Fiat? - page 10.

JC btc

sr. member

Activity: 770

Merit: 253

Quote from: ?? on ??

Quote from: wisqo on February 23, 2017, 06:47:21 AM

Of course I believe in fiat. I use it daily and so does everybody else. However, I do not believe in the people/institutions that control fiat. It was a lot better when fiat was tied to gold reserves. Now we just create money out of thin air, which will have severe consequences in future.

There's no reason not to believe it's already part of our daily lives and without fiat we can't get the things that we need with our daily living. But the good thing here is that we also have another option and help from bitcoin so at the same time we have chance to use these two types of currency freely.

Fiat has been a big help in the society and in the economy, it makes the life easier in a way that is has been our medium of exchange in many things.
So, let us know all forget that, we've been benefited its usage, and I don't think that no one is using fiat nowadays. Although, bitcoin is booming now still fiat exists in many ways.

dominikherzog5

full member

Activity: 121

Merit: 100

Fiat is the currency I use for my day to day expense and also I receive my salary in fiat. So most definitely I believe in fiat and I will continue doing so. Nothing seriously happened for that I have to stop believing fiat.

Bitcoin is an investment to me and nothing else. One thing I know that bitcoin investment will give me a much higher return than any other conventional investment available in the market. So I invest and store bitcoin. But fiat I use for my daily expenses. So I actually believe in both fiat and bitcoin.

wisqo

newbie

Activity: 14

Merit: 0

Of course I believe in fiat. I use it daily and so does everybody else. However, I do not believe in the people/institutions that control fiat. It was a lot better when fiat was tied to gold reserves. Now we just create money out of thin air, which will have severe consequences in future.

JL421

hero member

Activity: 812

Merit: 510

Quote from: AjithBtc on February 23, 2017, 01:31:07 AM

Fiat is the one that has given the best financial service for all our needs. If fiat is not there the system will collapse entirely, so fiat will rule the world even when bitcoin and other currencies increase in acceptance.

Exactly and I don't think that in this century people are going to stop using fiat because if you currently see only 1% of the population or maybe 2% at max are aware of bitcoin and by the time it gets recognised by the world it will be too late as by that time all the bitcoin will be mined and there wouldn't be any bitcoin left to distribute to the people to use it like a currency.

Xester

hero member

Activity: 994

Merit: 544

Quote from: zidanw on February 23, 2017, 04:54:31 AM

I still believe fiat because I still use a fiat for everyday purposes as a means of payment and is still waiting for bitcoin accepted as legal payment. with the increasing number of mass adopt bitcoin I hope bitcoin will be accepted in some countries although it was difficult

Bitcoin will be accepted as legal payment, as of this moment the only government that accepts bitcoin as payment to government services is Switzerland. It will be just a matter of time before other countries along with their governments will also accept bitcoin. But this does not mean that bitcoin will replace fiat, bitcoin will represent fiat currency and act as a medium of exchange but it can never replace fiat currency. Fiat currency is still the best currency there is.

buharikx31

sr. member

Activity: 830

Merit: 258

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: zidanw on February 23, 2017, 04:54:31 AM

I still believe fiat because I still use a fiat for everyday purposes as a means of payment and is still waiting for bitcoin accepted as legal payment. with the increasing number of mass adopt bitcoin I hope bitcoin will be accepted in some countries although it was difficult

Fiat money are part of our daily basis. bitcoin has provided as a lot of opportunity to earn in different ways, but in a current moment we can't live without fiat money they are always connected with us, even if we have some earnings on bitcoin or any other digital currencies, we have to convert them to our irreplaceable fiat currency

zidanw

sr. member

Activity: 1162

Merit: 258

1xbit.com

I still believe fiat because I still use a fiat for everyday purposes as a means of payment and is still waiting for bitcoin accepted as legal payment. with the increasing number of mass adopt bitcoin I hope bitcoin will be accepted in some countries although it was difficult

roadbits

legendary

Activity: 1092

Merit: 1000

Quote from: Ailmand on February 23, 2017, 02:40:26 AM

Quote from: AjithBtc on February 23, 2017, 01:31:07 AM

Fiat is the one that has given the best financial service for all our needs. If fiat is not there the system will collapse entirely, so fiat will rule the world even when bitcoin and other currencies increase in acceptance.

The bitcoin will also have good financial service in the future.

In future, it may be. But at present, the fiat currency is ruling the world. Anywhere in world fiat will be acceptable. But Bitcoin is not acceptable. And only in few place bitcoin is acceptable that too in only a few shops. But I too have hope that in future Bitcoin will become more popular and all country will accept bitcoin. But I don't have hope that Bitcoin will replace fiat currency.

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

Quote from: AjithBtc on February 23, 2017, 01:31:07 AM

Fiat is the one that has given the best financial service for all our needs. If fiat is not there the system will collapse entirely, so fiat will rule the world even when bitcoin and other currencies increase in acceptance.

The bitcoin will also have good financial service in the future.

AjithBtc

sr. member

Activity: 1666

Merit: 276

Vave.com - Crypto Casino

Fiat is the one that has given the best financial service for all our needs. If fiat is not there the system will collapse entirely, so fiat will rule the world even when bitcoin and other currencies increase in acceptance.

BitDane

sr. member

Activity: 1372

Merit: 348

There is no reason why I should not believe in fiat. It is what I am using whenever I have to buy an items. It is used to pay for service and it is the payment for my day job. If I don't believe in it, I might as well not buy items that only accept fiat currency, not pay my bills and not retire with my job. So what will happen to me then? Whether we like it or not money makes the world go round.

Zooplus

legendary

Activity: 1106

Merit: 1000

Quote from: ethereumhunter on February 22, 2017, 10:46:36 PM

Quote from: batang_bitcoin on February 22, 2017, 10:19:39 PM

Quote from: Alfa123 on February 22, 2017, 02:45:33 PM

Bitcoin now for me - it's just an object of investment. I can not in their daily lives do without dollars. Therefore, at this stage, I still believe in Fiat

It's not just an object of investment but it's also a crypto currency for buying things. It's depending on how you can see it as a tool for usage. And I will always believe in fiat because it's the money of all people and nations of the world so there's no need to dump fiat as it will always be the primary need for buying things.

since bitcoin is not already used in many country, i think people still believe in fiat and its including for bitcoin user, somehow they still used fiat to buy something for their real life. its a fact that we should realize, but if in the future, bitcoin is available for all country and there is much more store available and the most importan, the government is approve and allow people for using bitcoin or crypto currency, maybe people will changing from fiat into bitcoin and i think there is a time when fiat is not used by every one.

It's not necessary to lose our belief in fiat because we believe in bitcoin, this two could co-exist together and this would be a wonderful place to live if there payment system like bitcoin that would help to give us a faster transaction. Bitcoin is famous now because we believe it can give a good benefits to the humanity but we still use fiat as the value of bitcoin is fiat based.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: batang_bitcoin on February 22, 2017, 10:19:39 PM

Quote from: Alfa123 on February 22, 2017, 02:45:33 PM

Bitcoin now for me - it's just an object of investment. I can not in their daily lives do without dollars. Therefore, at this stage, I still believe in Fiat

It's not just an object of investment but it's also a crypto currency for buying things. It's depending on how you can see it as a tool for usage. And I will always believe in fiat because it's the money of all people and nations of the world so there's no need to dump fiat as it will always be the primary need for buying things.

since bitcoin is not already used in many country, i think people still believe in fiat and its including for bitcoin user, somehow they still used fiat to buy something for their real life. its a fact that we should realize, but if in the future, bitcoin is available for all country and there is much more store available and the most importan, the government is approve and allow people for using bitcoin or crypto currency, maybe people will changing from fiat into bitcoin and i think there is a time when fiat is not used by every one.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Alfa123 on February 22, 2017, 02:45:33 PM

Bitcoin now for me - it's just an object of investment. I can not in their daily lives do without dollars. Therefore, at this stage, I still believe in Fiat

It's not just an object of investment but it's also a crypto currency for buying things. It's depending on how you can see it as a tool for usage. And I will always believe in fiat because it's the money of all people and nations of the world so there's no need to dump fiat as it will always be the primary need for buying things.

agamasrori

sr. member

Activity: 364

Merit: 250

Quote from: Nimbulan on February 22, 2017, 06:27:42 PM

It would be really dumb to still believe in it, to be honest for fiat there is no way back, it is already messed up and no one can fix it, the inflation is going to just become bigger and bigger, thus bitcoin will have a decent chance to replace it.

Yes, it is because the fiat system is no longer as it should. supposed to print fiat need to pay attention to the amount of gold, so that fiat was not printed by the government's decision.

Nimbulan

hero member

Activity: 658

Merit: 500

It would be really dumb to still believe in it, to be honest for fiat there is no way back, it is already messed up and no one can fix it, the inflation is going to just become bigger and bigger, thus bitcoin will have a decent chance to replace it.

DRaGoN RaNTaRo

sr. member

Activity: 319

Merit: 250

Quote from: Rinder on February 22, 2017, 08:14:08 AM

I dont see the currencie to be the problem but for sure the politicians has the mains resposability because people are starting to get bored with the place they live, too many corruption, the money that should be invested to all people get a better life is being stoled, soo this is something no one will agree never. Bitcoin transparency, since we can know all transactions one single adress has made would be the best model to follow by the countries, soo we all will know how much they are investing into education as well others things requires for the country and their people.

Corruption is a major concern for almost all countries and people do not mind spending money if you goals can be achieved .You need fiat as well as digital assets to store your coins without any hurdle and yes i do believe in fiat for sometime now.

gandame

hero member

Activity: 924

Merit: 505

Quote from: cramcram21 on February 22, 2017, 09:57:01 AM

Well for me it doesn't matter if it is Fiat or crypto currency,
If they decided to use it in an illegal business they could as long as it have a value and other would accept it as payment.

Okay I respect every opinion here, and all I can say I always believe in fiat because its been traditional and used worldwide. It can be exchanged through bitcoin which is really important to bitcoin being fiat currency from digital to cash form of money. We can appreciate the importance of bitcoin because of fiat currency thats why people are always converting their btc to cash money, and made btc as source of financial investments.

Alfa123

full member

Activity: 203

Merit: 100

Bitcoin now for me - it's just an object of investment. I can not in their daily lives do without dollars. Therefore, at this stage, I still believe in Fiat

Bitcoinsummoner

hero member

Activity: 1456

Merit: 624

Maintain Social Distance, Stay safe.

Quote from: Rostadom on February 22, 2017, 10:35:48 AM

Quote from: The_prodigy on February 22, 2017, 10:20:30 AM

Our bitcoin wallet that based on philippines can shop to amazon and their are upgrading their business now so it will be more smoth than other website, im sure that bitcoin will be implemented to use us payment method. Im waiting for the next update that bitcoin can be use to shop from super market.

There's nothing special about that at all since any bitcoin wallet can be used to buy from Amazon using purse.io. I think one of the ways bitcoins can be used to shop in a super market is when there's a bitcoin card or something similar. Although I don't see it coming in the near future because every super market would have to adopt to that new technology and update their machine so they can accept bitcoin cards.

I Think not only amazon that we can use from philippines.. wallet. they are already added a vcc which is working to any website that accepting vcc or prepay reloadable vcc.. that you can buy in amazon ebay or any shop online that accepting credit card or vcc..

Topic: Do you Still believe in Fiat? - page 10. (Read 75164 times)