Do you Still believe in Fiat? - page 17.

Lorik

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Quote from: Bitcoinsummoner on January 21, 2017, 01:12:02 PM

Quote from: Harlot on January 21, 2017, 12:38:58 PM

Quote from: gabmen on January 21, 2017, 12:32:54 PM

Quote from: lilit on January 21, 2017, 09:55:55 AM

I think that the vote of no confidence to the Fiat is too early to say since more than half the world's population uses this particular currency. Even if the crisis will grow, no one dares to let the money fall completely.

You're right. Most of the population are still heavily realiant in this kind of currency and all of us have grown and are already so used to this that replacing it with another would be a difficult option. The fact also that most big banks and every government is running on fiat would already give us enough reasons to believe in it

Yes because it is common sense. Because Fiat currency is regulated by a country's government when you think of it this way why would a government allow another foreign currency to be use in their country? It will greatly affect the economy and the value of their very own fiat currency because the common demand and supply also works in fiat currency. It will certainly affect the price of their own currency.

Got your point people here just thinking that bitcoin can replace our fiat and bitcoin can be use locally.. that honestly bitcoin is just alternative payment methods processor.. unlike fiat that actually how many years we are using it..
Its still important because fiat is our money.. and we are using it to deal to someone..

I do not think that more people will trust in the Fiat, even if the whole world know about bitcoin. Most likely everything will remain at the previous level, as Fiat reigns in the entire financial sector, in contrast to cryptocurrency.

Bitcoinsummoner

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Quote from: Harlot on January 21, 2017, 12:38:58 PM

Quote from: gabmen on January 21, 2017, 12:32:54 PM

Quote from: lilit on January 21, 2017, 09:55:55 AM

I think that the vote of no confidence to the Fiat is too early to say since more than half the world's population uses this particular currency. Even if the crisis will grow, no one dares to let the money fall completely.

You're right. Most of the population are still heavily realiant in this kind of currency and all of us have grown and are already so used to this that replacing it with another would be a difficult option. The fact also that most big banks and every government is running on fiat would already give us enough reasons to believe in it

Yes because it is common sense. Because Fiat currency is regulated by a country's government when you think of it this way why would a government allow another foreign currency to be use in their country? It will greatly affect the economy and the value of their very own fiat currency because the common demand and supply also works in fiat currency. It will certainly affect the price of their own currency.

Got your point people here just thinking that bitcoin can replace our fiat and bitcoin can be use locally.. that honestly bitcoin is just alternative payment methods processor.. unlike fiat that actually how many years we are using it..
Its still important because fiat is our money.. and we are using it to deal to someone..

Sierra82fit

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Quote from: Harlot on January 21, 2017, 12:38:58 PM

Quote from: gabmen on January 21, 2017, 12:32:54 PM

Quote from: lilit on January 21, 2017, 09:55:55 AM

I think that the vote of no confidence to the Fiat is too early to say since more than half the world's population uses this particular currency. Even if the crisis will grow, no one dares to let the money fall completely.

You're right. Most of the population are still heavily realiant in this kind of currency and all of us have grown and are already so used to this that replacing it with another would be a difficult option. The fact also that most big banks and every government is running on fiat would already give us enough reasons to believe in it

Yes because it is common sense. Because Fiat currency is regulated by a country's government when you think of it this way why would a government allow another foreign currency to be use in their country? It will greatly affect the economy and the value of their very own fiat currency because the common demand and supply also works in fiat currency. It will certainly affect the price of their own currency.

Real currency is at a height of as much as will keep the state. Each state has its dependence on Fiat and the banks will do everything not to miss the top bitcoin.

Harlot

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Quote from: gabmen on January 21, 2017, 12:32:54 PM

Quote from: lilit on January 21, 2017, 09:55:55 AM

I think that the vote of no confidence to the Fiat is too early to say since more than half the world's population uses this particular currency. Even if the crisis will grow, no one dares to let the money fall completely.

You're right. Most of the population are still heavily realiant in this kind of currency and all of us have grown and are already so used to this that replacing it with another would be a difficult option. The fact also that most big banks and every government is running on fiat would already give us enough reasons to believe in it

Yes because it is common sense. Because Fiat currency is regulated by a country's government when you think of it this way why would a government allow another foreign currency to be use in their country? It will greatly affect the economy and the value of their very own fiat currency because the common demand and supply also works in fiat currency. It will certainly affect the price of their own currency.

gabmen

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Quote from: lilit on January 21, 2017, 09:55:55 AM

I think that the vote of no confidence to the Fiat is too early to say since more than half the world's population uses this particular currency. Even if the crisis will grow, no one dares to let the money fall completely.

You're right. Most of the population are still heavily realiant in this kind of currency and all of us have grown and are already so used to this that replacing it with another would be a difficult option. The fact also that most big banks and every government is running on fiat would already give us enough reasons to believe in it

Rastaman2016

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Quote from: bitkilo on January 21, 2017, 05:29:30 AM

Quote from: Carlsen on January 21, 2017, 05:01:41 AM

Quote from: megynacuna on January 21, 2017, 02:51:15 AM

Quote from: Tanic on January 20, 2017, 10:37:13 AM

Crypto currencies is obvious future of fiat and paper money. Will it be just bitcoin or some crypto currencies in used of future is question now. But the replacement will happen not so soon, because of there is millions of people who have no computers and no internet and even not a smartphone.

You're right so there's no reason not to believe in fiat because we currently interchangeably use them with the cryptocurrencies and we need them both to balance out ways of life. It's still early days for cryptocurrencies to completely substitute fiat.

I think that crypto is an investment option and a way to make payments, but for a small minority of people.
For most people it will always bee to complicated or not safe enough.
Those people want a certain amount of scurity, and that is something a currency which is completely under the rules of the market can not provide.

Give it some time, at the moment you are right saying that only a small majority of people are using it but the rest will catch on to cryptocurrencies.
It can be complicated but that killer app we are all waiting on will most likely take all the hard stuff away for those that just want to use it without the hassles.

I think some countries will even start to release their own cryptocurrencies as they progress into a cashless society, it has already been tried by one i know of and that was Iceland with Auroracoin: https://en.wikipedia.org/wiki/Auroracoin
https://medium.com/the-nordic-web/the-failed-crypto-currency-experiment-in-iceland-251e28df2c54

What's the point in all of these issues of its currency is not clear. I do not think that will benefit from it all. Moreover, it seems to me that the government does not like the anonymity of users. There are probably two sides of the same coin.

wutard

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Quote from: slapper on January 21, 2017, 07:48:07 AM

Quote from: thepo1m on January 19, 2017, 06:30:46 AM

Quote from: Reid on January 18, 2017, 11:15:20 PM

Is there such a thing into not believing in fiat? Then that means you wont use it. I found it hard to live without using it. It is one of the easiest part of the world's trade and changing it will really make a hard time for every people that is using it.
I know we have credit cards now but not everyone is using it and not all people do care about it. Many people dont even have bank accounts.

I agree with you, even if you have BTC you still need to convert it to fiat to be accaptable in most places. Fiat currency has been ingrained in the way we do things and will remain this way for a long time

That's why bitcoin need more time to spread in other people mind and change the way people think about cryptos and digital currencies. In the future, we expect to see more people and places accept Bitcoin because it is more secure and has more advantages than FIAT currency. It really irritate me that Bitcoin is being underestimated over FIAT

Probably still the imminent collapse of fiat invariably to the economic crisis worldwide. This will prevent neither the banking system nor the individual financial institutions. It means the collapse of all. Assuming that bitcoin will take their place, then judge for yourself, how many people use bitcoin. They are not widely used.

lilit

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I think that the vote of no confidence to the Fiat is too early to say since more than half the world's population uses this particular currency. Even if the crisis will grow, no one dares to let the money fall completely.

slapper

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Quote from: thepo1m on January 19, 2017, 06:30:46 AM

Quote from: Reid on January 18, 2017, 11:15:20 PM

Is there such a thing into not believing in fiat? Then that means you wont use it. I found it hard to live without using it. It is one of the easiest part of the world's trade and changing it will really make a hard time for every people that is using it.
I know we have credit cards now but not everyone is using it and not all people do care about it. Many people dont even have bank accounts.

I agree with you, even if you have BTC you still need to convert it to fiat to be accaptable in most places. Fiat currency has been ingrained in the way we do things and will remain this way for a long time

That's why bitcoin need more time to spread in other people mind and change the way people think about cryptos and digital currencies. In the future, we expect to see more people and places accept Bitcoin because it is more secure and has more advantages than FIAT currency. It really irritate me that Bitcoin is being underestimated over FIAT

bitkilo

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Quote from: Carlsen on January 21, 2017, 05:01:41 AM

Quote from: megynacuna on January 21, 2017, 02:51:15 AM

Quote from: Tanic on January 20, 2017, 10:37:13 AM

Crypto currencies is obvious future of fiat and paper money. Will it be just bitcoin or some crypto currencies in used of future is question now. But the replacement will happen not so soon, because of there is millions of people who have no computers and no internet and even not a smartphone.

You're right so there's no reason not to believe in fiat because we currently interchangeably use them with the cryptocurrencies and we need them both to balance out ways of life. It's still early days for cryptocurrencies to completely substitute fiat.

I think that crypto is an investment option and a way to make payments, but for a small minority of people.
For most people it will always bee to complicated or not safe enough.
Those people want a certain amount of scurity, and that is something a currency which is completely under the rules of the market can not provide.

Give it some time, at the moment you are right saying that only a small majority of people are using it but the rest will catch on to cryptocurrencies.
It can be complicated but that killer app we are all waiting on will most likely take all the hard stuff away for those that just want to use it without the hassles.

I think some countries will even start to release their own cryptocurrencies as they progress into a cashless society, it has already been tried by one i know of and that was Iceland with Auroracoin: https://en.wikipedia.org/wiki/Auroracoin
https://medium.com/the-nordic-web/the-failed-crypto-currency-experiment-in-iceland-251e28df2c54

Carlsen

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Quote from: megynacuna on January 21, 2017, 02:51:15 AM

Quote from: Tanic on January 20, 2017, 10:37:13 AM

Crypto currencies is obvious future of fiat and paper money. Will it be just bitcoin or some crypto currencies in used of future is question now. But the replacement will happen not so soon, because of there is millions of people who have no computers and no internet and even not a smartphone.

You're right so there's no reason not to believe in fiat because we currently interchangeably use them with the cryptocurrencies and we need them both to balance out ways of life. It's still early days for cryptocurrencies to completely substitute fiat.

I think that crypto is an investment option and a way to make payments, but for a small minority of people.
For most people it will always bee to complicated or not safe enough.
Those people want a certain amount of scurity, and that is something a currency which is completely under the rules of the market can not provide.

megynacuna

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Quote from: Tanic on January 20, 2017, 10:37:13 AM

Crypto currencies is obvious future of fiat and paper money. Will it be just bitcoin or some crypto currencies in used of future is question now. But the replacement will happen not so soon, because of there is millions of people who have no computers and no internet and even not a smartphone.

You're right so there's no reason not to believe in fiat because we currently interchangeably use them with the cryptocurrencies and we need them both to balance out ways of life. It's still early days for cryptocurrencies to completely substitute fiat.

deisik

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Quote from: South Park on January 19, 2017, 06:04:48 PM

Fiat in itself is not completely the problem, having a currency not backed by anything may seem weird and it is, but the problem is politicians take advantage of it and print it like there is no tomorrow, and at the rate they are printing it there is not going to be a tomorrow for fiat

This point is debatable (that it is weird)

It could be said that fiat money is backed by all the goods and services that can be exchanged for this particular money. And this is real backing unlike alleged gold back-up promised by the government and which is never going to deliver on their promises on mass scale (as it happened in 1960s when the US refused to redeem paper dollars for gold). On the other hand, Bitcoin is even less backed than almost any fiat out there (I'm not taking into account Zimbabwean dollars and their likes) since how many goods can you buy for bitcoins compared to fiat?

Tanic

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Crypto currencies is obvious future of fiat and paper money. Will it be just bitcoin or some crypto currencies in used of future is question now. But the replacement will happen not so soon, because of there is millions of people who have no computers and no internet and even not a smartphone.

hurain

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Quote from: lOvE mE forEvEr on January 20, 2017, 02:26:29 AM

In fact, the higher the rate of inflation. when we continue to rely on fiat, of course, this is a mistake that we continue to maintain. Let us think rationally that bitcoin is one solution to overcome these problems.

i think still there is time to depend of bitcoin for everything. actually currently bitcoin cannot fulfill our all needs, although it is really helpful in onlinne business, trading and shopping etc, but in real life we cannot depend on it for everything. therefore we need to continue believing on fiat till the time when we will be able to fulfill all our needs from bitcoin.

slapper

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Quote from: agamasrori on January 20, 2017, 02:35:11 AM

Quote from: lOvE mE forEvEr on January 20, 2017, 02:26:29 AM

In fact, the higher the rate of inflation. when we continue to rely on fiat, of course, this is a mistake that we continue to maintain. Let us think rationally that bitcoin is one solution to overcome these problems.

I agree. We have to leave fiat as soon as possible, fiat is not fair for us. We need something that the value is not decrease. Something that we can get it from mine. That is my opinion.

fiat is created by the government and the people who have the authority to control the country. The more you use fiat, the more you rely and depend on a country. That's why I do not like FIAT and I do not want to be controlled by the government. Bitcoin give us a chance to become more independent and be anonymous while using it

agamasrori

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Quote from: lOvE mE forEvEr on January 20, 2017, 02:26:29 AM

In fact, the higher the rate of inflation. when we continue to rely on fiat, of course, this is a mistake that we continue to maintain. Let us think rationally that bitcoin is one solution to overcome these problems.

I agree. We have to leave fiat as soon as possible, fiat is not fair for us. We need something that the value is not decrease. Something that we can get it from mine. That is my opinion.

lOvE mE forEvEr

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In fact, the higher the rate of inflation. when we continue to rely on fiat, of course, this is a mistake that we continue to maintain. Let us think rationally that bitcoin is one solution to overcome these problems.

Schuyler

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Yes I still do believe in fiat. In our daily lives fiat belongs to our day by day transaction. The value of fiat money comes from the public general willingness to accept it in exchange for other goods. We used bitcoin to pay our monthly bills. We used card for our weekly groceries and we used fiat for our monthly rental. I think the advantage of having a bitcoin and card is easy to transact via online. While fiat easy to trade or buy goods without any hesitation.

Viscore

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Quote from: boyptc on January 19, 2017, 08:05:27 PM

Quote from: Pattart on January 19, 2017, 07:02:58 PM

Quote from: South Park on January 19, 2017, 06:04:48 PM

Fiat in itself is not completely the problem, having a currency not backed by anything may seem weird and it is , but the problem is politicians take advantage of it and print it like there is no tomorrow, and at the rate they are printing it there is not going to be a tomorrow for fiat.

I think the government will not do printing of fiat money blindly. because of course it will create inflation in the country, the government will surely make fiat to be good, so I believe in fiat

Oh yes, inflation will happen if they are going to keep on printing and printing continually. And as you know, politicians are not the who are responsible for printing the paper money but the central bank of a country. And if that is going to be abused, many foreign investors and local investors are going to fly away to other country if that is happening.

Central bank would not print paper money for no reason, there should be a valid basis on why they are taking such action. But since we do not know the exact supply of paper money, hence we think it is subject for inflation. By understanding how it works, we can make the right decision for our investment and what we are doing now in the crypto world is just right.

Topic: Do you Still believe in Fiat? - page 17. (Read 75164 times)