Do you Still believe in Fiat? - page 18.

boyptc

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Quote from: Pattart on January 19, 2017, 08:02:58 PM

Quote from: South Park on January 19, 2017, 07:04:48 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.

Pattart

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Quote from: South Park on January 19, 2017, 07:04:48 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

South Park

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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.

markyminer

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Quote from: Mastsetad on January 19, 2017, 01:15:56 PM

Quote from: thepo1m on January 19, 2017, 07:30:46 AM

Quote from: Reid on January 19, 2017, 12:15:20 AM

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

We probably have no choice. Not believing obviously means no using and as said earlier without using fiat we cannot do anything because there is no other currencies we can use in real world. Though bitcoin is the most loved currency in the community but it is not usable in real world.

yes currently fiat cannot be replace by any other currency, not even by bitcoin, because the users of bitcoin or any other crypto currency are not good in number and therefor the facilities of bitcoin are not available everywhere in the world. i think it will take a lot of time therefore we can currency depend of fiat entirely . but still we are hopeful that in future all the people of the world will be using bitcoin.

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Quote from: thepo1m on January 19, 2017, 07:30:46 AM

Quote from: Reid on January 19, 2017, 12:15:20 AM

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

We probably have no choice. Not believing obviously means no using and as said earlier without using fiat we cannot do anything because there is no other currencies we can use in real world. Though bitcoin is the most loved currency in the community but it is not usable in real world.

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Quote from: thepo1m on January 19, 2017, 07:30:46 AM

Quote from: Reid on January 19, 2017, 12:15:20 AM

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 definitely right. There's still many people out there who won't bother to learn something new, even many of them still don't have bank accounts yet. As for now, unfortunately, fiat is still the main and favourite thing around this world but I'm sure this thing will be changing by the time and the development of new technologies, however, the only thing that can make people migrating from fiat to a new option is the government by banning any kind of fiat ( Cash )
Probably we're all here in the whole of our life still seeing those cash being used, who knows?.

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Quote from: Reid on January 19, 2017, 12:15:20 AM

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

bitkilo

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Quote from: bitkilo on January 19, 2017, 12:10:45 AM

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Quote from: wxa7115 on January 17, 2017, 04:09:27 PM

Quote from: jseverson on January 17, 2017, 01:42:27 AM

Quote from: (altair) on January 15, 2017, 10:36:53 AM

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.

Yes all of us here believes in fiat because we can use it ij our daily lives but what if bitcoins will be recognized by your government? Will you still belive in fiat?

I use fiat because I do not have any choice since it is the only currency accepted in my country but that does not mean I believe in fiat, this system of a currency that you can print at will that is not backed by anything is going to end someday.

That's it, we don't have choice but to still use and keep on believing in fiat because bitcoin is still not that globally accepted. And for sure in each of our countries we are only very few that uses bitcoin, so whether we are not going to believe fiat because we do have bitcoin, still we are going to be forced to keep on believing with fiat.

Nobody is forcing anyone to believe in a stupid debt ridden system like the current fiat set up but until people wake up and realise that the fed printing money is a bad idea and doing society more harm than good bitcoin will unfortunately always remain in the background.

Unless you can do something for it to get rid of it then let's go for it. But the fact is the whole world is being manipulated by big people behind financial systems. And also the medias are there that are being used to tell the people that bitcoin is unsafe. That's the word for it, we don't have choice but to keep on moving with it.

Are you saying that we don't have a choice but to keep using fiat and letting the big guys screw us?

Before bitcoin came along I didn't have a clue as to how the current fiat system worked and was shocked at what I learnt, just the fact that we have cryptocurrencies now is a big step forward.

If you look back in history then you will see that it took many years for anyone to accept that a piece of paper had value and it then took many more years for people to come to terms with using a piece of plastic as money.
Give it time, cryptocurrencies will be the norm, I just hope it's quicker than the acceptance of cash and cards.

Reid

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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.

bitkilo

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Quote from: wxa7115 on January 17, 2017, 04:09:27 PM

Quote from: jseverson on January 17, 2017, 01:42:27 AM

Quote from: (altair) on January 15, 2017, 10:36:53 AM

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.

Yes all of us here believes in fiat because we can use it ij our daily lives but what if bitcoins will be recognized by your government? Will you still belive in fiat?

I use fiat because I do not have any choice since it is the only currency accepted in my country but that does not mean I believe in fiat, this system of a currency that you can print at will that is not backed by anything is going to end someday.

That's it, we don't have choice but to still use and keep on believing in fiat because bitcoin is still not that globally accepted. And for sure in each of our countries we are only very few that uses bitcoin, so whether we are not going to believe fiat because we do have bitcoin, still we are going to be forced to keep on believing with fiat.

Nobody is forcing anyone to believe in a stupid debt ridden system like the current fiat set up but until people wake up and realise that the fed printing money is a bad idea and doing society more harm than good bitcoin will unfortunately always remain in the background.

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Quote from: Sahyadri on January 17, 2017, 04:30:52 PM

Debt based currency is a flawed system and I have absolutely no faith in it.
I would prefer a Commodity Based Currency any day.

I couldn't agree more with the above quote and until discovering bitcoin like many i didn't have a clue how the fiat system actually worked, now i have looked into it i can't believe a system like that has been able to run for so long unchallenged.

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Quote from: markyminer on January 17, 2017, 04:14:49 PM

Quote from: Drago2016 on January 16, 2017, 12:47:31 PM

Quote from: Pattart on January 16, 2017, 11:32:36 AM

Quote from: (altair) on January 15, 2017, 10:36:53 AM

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.

the important thing is we are still dependent on fiat, even if you're a bitcoin users even today you still rely on fiat and is valuable wherever fiat. so I strongly believe in fiat

I also believe in fiat currency. It is used in everyday life and it is difficult to live without it. Bitcoin it still can not replace. He did not so much trust in people, and it does not approve of the government

actually we do not have any other option to believe on bitcoin. because there is not present any other crypto currency that can be use instead of bitcoin and fiat therefore i will always prefer bitcoin and will trust on it for every .

I think there are some other cryptocurrency similar like bitcoin, even nearly matching technology, but once again the trust of users towards bitcoin can not be purchased or directly to fade. I believe in bitcoin like to believe in fiat

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Quote from: TheUltraElite on January 17, 2017, 11:46:56 AM

Quote from: jseverson on January 17, 2017, 01:42:27 AM

Quote from: (altair) on January 15, 2017, 10:36:53 AM

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.

Yes all of us here believes in fiat because we can use it ij our daily lives but what if bitcoins will be recognized by your government? Will you still belive in fiat?

Of course I will. Just because bitcoin is accepted by my country people does not mean it is the only possible method of transaction. Fiat has been used since ages and people are always accustomed to use it. Many people in my country are illiterate and dont use proper internet and smartphones. How can you expect them to use bitcoin unless they are willing to accept it?

Moreover people trust physical cash and not some cybercoin, so first impression of bitcoin to them is that its some scam attempt - so they always prefer fiat.

I would like to say it again that bitcoin is an alternative payment which can not replace fiat money as every country have their own official legal currency to use in daily transaction.
Bitcoin may become more famous and often use in some regions or communities that accepted bitcoin payment.
Moreover in several years later when bitcoin demand has significant increases, the equality between btc and fiat in daily transaction may happen.

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Quote from: Ipwich on January 18, 2017, 06:04:10 AM

Quote from: BeGoods on January 17, 2017, 07:06:29 PM

Quote from: Ewinsane on January 17, 2017, 02:43:12 PM

Quote from: jseverson on January 17, 2017, 01:42:27 AM

Quote from: (altair) on January 15, 2017, 10:36:53 AM

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.

Yes all of us here believes in fiat because we can use it ij our daily lives but what if bitcoins will be recognized by your government? Will you still belive in fiat?

Fiat is our regular uses currency and we can use Fiat as payment method for direct shopping and if bitcoin recognized by our government and they adopt the bitcoin in bank then we can be use bitcoin easily than Fiat.

of course it is not possible, because of course it will threaten the lives of fiat itself. I believe in fiat. just as I believe in the government. because the government will surely give the best to their communities

Fiat from the start really exists and it evolves around the world and eventually man cannot move without it.It was use to everyday commodities and more than half of the world still use fiat.Yes,even the government rely on it as by their means to help those helpless individual in their country and mostly government abuse it by means of corruption.

in fact currently we cannot stop believing fiat because we are using fiat as primary currency, still bitcoin is best for investment and as a currency we cannot use it as fiat and it cannot complete our all demand as it is not available in local stores everywhere. therefor we are still depending on fait and we are using bitcoin as optional, and mostly using it for online shopping and business.

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Quote from: Ewinsane on January 17, 2017, 02:43:12 PM

Quote from: jseverson on January 17, 2017, 01:42:27 AM

Quote from: (altair) on January 15, 2017, 10:36:53 AM

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.

Yes all of us here believes in fiat because we can use it ij our daily lives but what if bitcoins will be recognized by your government? Will you still belive in fiat?

Fiat is our regular uses currency and we can use Fiat as payment method for direct shopping and if bitcoin recognized by our government and they adopt the bitcoin in bank then we can be use bitcoin easily than Fiat.

Banks and bitcoin system is pretty much different
However we cannot ignore fiat when bitcoin not yet used and adopted in mass
It's needed hundreds years for bitcoin to get completely established
So for now we have to believe in both , wasting time to explain to everyone that fiat is not worth to believe yeah they are too busy to thinking about it.

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Quote from: BeGoods on January 17, 2017, 07:06:29 PM

Quote from: Ewinsane on January 17, 2017, 02:43:12 PM

Quote from: jseverson on January 17, 2017, 01:42:27 AM

Quote from: (altair) on January 15, 2017, 10:36:53 AM

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.

Yes all of us here believes in fiat because we can use it ij our daily lives but what if bitcoins will be recognized by your government? Will you still belive in fiat?

Fiat is our regular uses currency and we can use Fiat as payment method for direct shopping and if bitcoin recognized by our government and they adopt the bitcoin in bank then we can be use bitcoin easily than Fiat.

of course it is not possible, because of course it will threaten the lives of fiat itself. I believe in fiat. just as I believe in the government. because the government will surely give the best to their communities

Only very few country's government give the best to their communities or people. Most other government has a corrupt upper management. But for the purpose of every needs we are supposed to use fiat. So even if the government's were bad everyone is forced to use fiat.

wxa7115

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Quote from: Sahyadri on January 17, 2017, 04:30:52 PM

Debt based currency is a flawed system and I have absolutely no faith in it.
I would prefer a Commodity Based Currency any day.

I’m with you on this but the problem is people are too busy, or too happy or they just plain do not care their money is no different than monopoly money, just a pieces of paper that have not value at all, and even if they knew I doubt they will do something about it.

Ipwich

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Quote from: BeGoods on January 17, 2017, 07:06:29 PM

Quote from: Ewinsane on January 17, 2017, 02:43:12 PM

Quote from: jseverson on January 17, 2017, 01:42:27 AM

Quote from: (altair) on January 15, 2017, 10:36:53 AM

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.

Yes all of us here believes in fiat because we can use it ij our daily lives but what if bitcoins will be recognized by your government? Will you still belive in fiat?

Fiat is our regular uses currency and we can use Fiat as payment method for direct shopping and if bitcoin recognized by our government and they adopt the bitcoin in bank then we can be use bitcoin easily than Fiat.

of course it is not possible, because of course it will threaten the lives of fiat itself. I believe in fiat. just as I believe in the government. because the government will surely give the best to their communities

Fiat from the start really exists and it evolves around the world and eventually man cannot move without it.It was use to everyday commodities and more than half of the world still use fiat.Yes,even the government rely on it as by their means to help those helpless individual in their country and mostly government abuse it by means of corruption.

BeGoods

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Quote from: Ewinsane on January 17, 2017, 02:43:12 PM

Quote from: jseverson on January 17, 2017, 01:42:27 AM

Quote from: (altair) on January 15, 2017, 10:36:53 AM

Well for my opinion I still believe in Fiat I mean we have a proof that it works in our daily lives in every transaction that we made day by day,
And I think that cryptography currency can't replace it just because it is so popular this day's.

Yes all of us here believes in fiat because we can use it ij our daily lives but what if bitcoins will be recognized by your government? Will you still belive in fiat?

Fiat is our regular uses currency and we can use Fiat as payment method for direct shopping and if bitcoin recognized by our government and they adopt the bitcoin in bank then we can be use bitcoin easily than Fiat.

of course it is not possible, because of course it will threaten the lives of fiat itself. I believe in fiat. just as I believe in the government. because the government will surely give the best to their communities

Sahyadri

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Debt based currency is a flawed system and I have absolutely no faith in it.
I would prefer a Commodity Based Currency any day.

Topic: Do you Still believe in Fiat? - page 18. (Read 75146 times)