Topic: Do you Still believe in Fiat? - page 12. (Read 75164 times)

my main source of income - a monthly salary. I pay it in the national fiat currency. Therefore, I believe in fiat currency. But in cryptocurrency I also believe in the good object of investment

Japanese currency is not as valuable, as opposed to the dollar, but I very much doubt that the Japanese will make it change its national money. After all, their economy is quite significant.

I understand that all the guarantees bitcoin bank will comply, but I understand that this will present a financial institution and the registration and state register of businesses. This means paying taxes. Bitcoin users or are ready for this?

The situation described is correct and I agree with you, that's just a little popravochka, in an area that has a great future bitcoin only in the region, which he now leads. Bitcoin can not cross the road fiat, otherwise it will be a threat, and therefore the beginning of the end for cryptocurrency for him.

Over the last half a year I worked at a company, and I was paid the agreed amount in dollars and during this period no inflation has not prevented me to earn as much as was the arrangement. But with bitcoin is another matter. Earning on the bitcoin network at a cost of $ 1k, today the price dropped significantly, and almost my income has decreased. So judge for yourself which is more reliable.

A little information other I've heard. Turns Japan passed a law on the regulation of kriptovalyutnyh exchanges. This means that they try to make a transaction controlled and not take bitcoin as a basis.

Maybe you are right. Japan for instance is ready to accept Bitcoin as a legal payment method. I hope that other countries will do the same. There is a big chance that Bitcoin will replace Fiat

But with bitcoin popularity increase day by day , it means that bitcoin getting notice more and more and it's impact on fiat existency
I think it's not impossible for bitcoin to replace fiat on the future, only matter of time

FIAT is completely out of control. They printed so many $$$ over the years not to get destroyed completely but it was just enough to delay the inevitable.

Today's 100$ has the buying power of 35$ from 1980's. You can see it yourself here: https://www.measuringworth.com

In a few 10 years or sooner, 100$ notes will carry no or so little value. Because they can't stop printing this shit. That's why they are desperately searching for ways to ban cash transactions and they won't print 200$ Notes because It will make them look like a shitty 3rd world country. Another option is to bring e-dollars out. That won't work neither. It would've worked if USD were being used only in the USA but it is not. USD's are distributed all around the world. Most of the Gov's hold USD's along with Gold. What you gonna tell them? "Convert your Physical USD to e-dollars, or they will lose %x value every year?" No. Won't happen.

The solution for us is simple. Do not invest in papers if you are thinking long term. Always invest in assets which have limited supplies. Those may be Gold (you can't go wrong with this one), Bitcoins (depends on how much faith you have in the blockchain), Lands (Can be occupied, seized. Wars can always happen. Overall shitty and risky. And not liquid.), Real estate (Not much different from land investments, but works for some lucky people) I wouldn't wanna get caught in the tornado with the investments of real estate, lands or papers... I would like to be as liquid as possible and would wanna so little weight. So our options are narrowed to 2. Gold and Bitcoin.

Are there any solutions for the Govs? Fuck no, there isn't any. Their currencies will just collapse. Or they can do what the others do and print even more FIAT and come up with larger banknote numbers.

I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.

No, because it's value can be manipulated and lose value through inflation (stealth tax).
Yes, because the government has a monopoly on legal tender and I'm unlikely to be paid in bitcoin anytime soon.

I think btc is good as a store of wealth and a hedge against fiat. I don't think it will ever take off as an actually currency whilst there is a need to switch between fiat / btc in order to purchase lifes essentials (food / shelter, etc).

Yeah, I still believe in fiat. How much ever bitcoins become popular, fiat currencies will exist. Bitcoin cannot overtake fiat currencies .Its because none of the governments will allow that. Yeah offcourse even if governments allow bitcoin transactions, they will definitely find a way to regulate it by asking individuals who want to use bitcoins to take expensive license or some sort of thing that average or middle class people cannot afford it. Because governments wont allow people to do transactions anonymously because governments know what will happen if it reaches in false hand, it will be even threat to the whole nation.

yes the uses of fiat is now normal and there is no any problem or crash in fiat so people do not worry for to use fiat and they have a full believe on fiat and are feeling secured with the use of fiat because they know that it is regulated by the government. They know well that no one can harm a thing which is regulated and guaranteed by the government.

Do I believe in fiat? This is a very interesting question. And in that I still believe, if I get a salary in the Fiat, if utilities payments also pay in that currency, the choice I do not have so Fiat for me the most important thing.

Yes,I still believe in fiat cause i cant use bitcoin everywhere.My country has banned bitcoin recently so in my country bitcoin has no value now.So i use fiat to buy my daily accessories,give rent of my house etc.I cant depend on bitcoin to pay my college fees or other things.So,all the time i had to convert btc to fiat.So i have to say i am still believe in fiat.

I believe in fiat. I just don't believe that everything will stay the same as today. I think that soon all the currencies that we have today, all of them will move to crypto form and paper money will go in history.

There might be a support but not the same support with fiat, it was created by the government therefore it is just right that they will have to fully support it. Bitcoin is not a currency but just a payment system, this would have no value at all if there is no fiat as a basis of measurement of its value.

It is a real desire to bitcoin fans, but the reality is quite different. If the state supports its banknotes even laws, and bitcoin has no such support, and at the slightest threat to Fiat, will apply the measures.

bitcoin is the second option with us but i think it require a little more time and after that we will be able to buy any thing from bitcoin and hope that very soon we will be using bitcoin in local shops for buying and purchasing everything we want to buy.

Yes that is right fiat is currently the world currency and is used almost all over the world and the governments support their fiat so how will a person not believe on fiat but I do not believe that in the future most of the people will use it for their international use because in using fiat for international use is a little bit harder and people want a convenient way of money for themselves so they will prefer bitcoin only for their international use.