Do you Still believe in Fiat? - page 20.

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Quote from: Kotone on January 15, 2017, 06:45:41 AM

True bitcoin can't replace anything on this earth people also saying that bitcoin can replace dollars while bitcoin is depending on dollars many people using fiat currency to exchange into bitcoin this is the only way to use so they can have bitcoin and also it is easy way out to exchange bitcoin into fiat currency easy to do transaction without document needed.

People only say that Bitcoin will replace banks and fiat because they then think the value of their coins will go up significantly, and thus the 0.1-0.2BTC that they own will make them "rich". Beside the fact that it's impossible, they don't realize what it will mean for them (in the negative meaning of the word) if something happens to threat fiat and banks. It's pure greed that makes them overlook any sort of risk that comes towards them in whatever situation. And if things don't play out as they were hoping for, instead of blaming themselves, they blame Bitcoin...

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Quote from: achow102 on January 13, 2017, 04:18:52 PM

Quote from: Rinder on January 13, 2017, 09:20:50 AM

How many times people need to read that bitcoin wont be replacing anything, neither currencie neither some companies that offers money services like paypal and Wester Union. Bitcoin its just an option to the current fiat system. Fiat is the main way that transactions are made nowadays, even being digital, its used anywhere and accepted anywhere, but people are learning faster about technology, and we must advance to the futurem, that should become digital.

Yes, you are right, digital forms of money is very promising and convenient. But many people are conservative and used to use paper money. Similarly, they do not trust cryptocurrency. Therefore, Fiat will long live

True bitcoin can't replace anything on this earth people also saying that bitcoin can replace dollars while bitcoin is depending on dollars many people using fiat currency to exchange into bitcoin this is the only way to use so they can have bitcoin and also it is easy way out to exchange bitcoin into fiat currency easy to do transaction without document needed.

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Quote from: Mastsetad on January 15, 2017, 04:51:32 AM

Quote from: ZrCoin on January 14, 2017, 08:36:53 PM

Yes, and we have to use fiat in any way. And it doesn't mean we really trust it as the value constantly decline due to inflation.

Probably, it is not always about trust, maybe a person does not trust fiat at all, what can he do? Does he have any options? Ofcourse not. Because fiat is the only way to live right now, we have bitcoins but we do not have places to spend them, of course we believe bitcoin more than fiat but we are compel to spend fiat because bitcoin is not accepted anywhere.

On the other hand what if the person does not accept bitcoin or find it trustworthy? Most people in our country are below the poverty line and are fighting for money - they want cash and physical cash let alone digital currency, they dont even use internet properly.

Again the elite class people here do use bitcoin for trading purpose. But there cannot be any compromise. I dont see any difference between the current economy or the bitcoin economy in such countries. Fiat will prevail even if bitcoin become popular here.

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Quote from: ZrCoin on January 14, 2017, 08:36:53 PM

Yes, and we have to use fiat in any way. And it doesn't mean we really trust it as the value constantly decline due to inflation.

Probably, it is not always about trust, maybe a person does not trust fiat at all, what can he do? Does he have any options? Ofcourse not. Because fiat is the only way to live right now, we have bitcoins but we do not have places to spend them, of course we believe bitcoin more than fiat but we are compel to spend fiat because bitcoin is not accepted anywhere.

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Quote from: achow102 on January 13, 2017, 04:18:52 PM

Quote from: Rinder on January 13, 2017, 09:20:50 AM

How many times people need to read that bitcoin wont be replacing anything, neither currencie neither some companies that offers money services like paypal and Wester Union. Bitcoin its just an option to the current fiat system. Fiat is the main way that transactions are made nowadays, even being digital, its used anywhere and accepted anywhere, but people are learning faster about technology, and we must advance to the futurem, that should become digital.

Yes, you are right, digital forms of money is very promising and convenient. But many people are conservative and used to use paper money. Similarly, they do not trust cryptocurrency. Therefore, Fiat will long live

Yes, and we have to use fiat in any way. And it doesn't mean we really trust it as the value constantly decline due to inflation.

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Quote from: Botnake on January 13, 2017, 10:03:44 PM

Quote from: achow102 on January 13, 2017, 04:18:52 PM

Quote from: Rinder on January 13, 2017, 09:20:50 AM

How many times people need to read that bitcoin wont be replacing anything, neither currencie neither some companies that offers money services like paypal and Wester Union. Bitcoin its just an option to the current fiat system. Fiat is the main way that transactions are made nowadays, even being digital, its used anywhere and accepted anywhere, but people are learning faster about technology, and we must advance to the futurem, that should become digital.

Yes, you are right, digital forms of money is very promising and convenient. But many people are conservative and used to use paper money. Similarly, they do not trust cryptocurrency. Therefore, Fiat will long live

Even if how good bitcoin is but without the trust of the majority of people it will not be a mainstream currency, fiat will last forever as long as there is still order in this world. Bitcoin on the other hand is definitely very useful only for online transaction especially if you want to hide something or you want bypass a law.

I am sure that the government will never allow to Fiat disappeared. After all, then just die state. Therefore, Fiat needed. And we need to learn how to use these two systems simultaneously

olubams

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Quote from: Rinder on January 13, 2017, 09:20:50 AM

How many times people need to read that bitcoin wont be replacing anything, neither currencie neither some companies that offers money services like paypal and Wester Union. Bitcoin its just an option to the current fiat system. Fiat is the main way that transactions are made nowadays, even being digital, its used anywhere and accepted anywhere, but people are learning faster about technology, and we must advance to the futurem, that should become digital.

Thats is exactly what I am also preaching that the way people are seeing bitcoin as a substitute but thats not it. It cannot and will never because to make that happen, government will have to be involved which means another cost on the part of government. The cost of research, cost of awareness, cost of security infrastructures, cost of establishing regulatory institution among other cost and government will have to be sure of the revenue to come from embarking on such enterprise among other things which I am not sure governments are ready for... It will only serve as a complimentary currency and I still believe in FIAT...

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Quote from: vrm86 on January 14, 2017, 05:59:07 AM

We should have in mind, that banking systems also evolve to make payments more convenient. Today, using fast money transfer when shopping online is more comfortable than any method of BTC payment. Moreover people have feeling, that it's completely secure as provided by their bank. I can see no reasons for BTC to replace fiat money.

I think that is not the banking system which make fastest payment but it is the debit cards which do that convenience in shopping but the problem is that it often have high fees when deposit through bank to these cards which is not a problem in bitcoin payment. In the modern era people often prefer to bitcoin payment because they do not want to pay high fees to banks especially the product providers which have their reserves in the banks.

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Quote from: diegz on January 14, 2017, 05:38:19 AM

Quote from: qiman on January 14, 2017, 04:49:35 AM

Governments and central banks are too powerful in the present day economic climate, so believe in it or not, I have to keep using fiat for my day to day living, having said that I do believe in diversifying in other currencies such as Bitcoin and precious metals, if one has spare money to buy.

The use of fiat is unavoidable, we live in the world with government, so we have no choice but to use it whether we like it or not. The use of bitcoin doesn't mean would lessen the use of fiat too.

We maybe using bitcoin, but since most of the commodity in real life is not payable with bitcoin, we still need to cash it out to fiat and use it. With that said, I could say, I don't see any problem in using fiat.

This is true and this is the main reason why we are still using fiat since we are on a government which is being decentralized so it means we really need fiat in order to live and most people do really believe on fiat no matter what even how bitcoin would progress in the future even we do have cashless society but still fiat would still exit on matter what.

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We should have in mind, that banking systems also evolve to make payments more convenient. Today, using fast money transfer when shopping online is more comfortable than any method of BTC payment. Moreover people have feeling, that it's completely secure as provided by their bank. I can see no reasons for BTC to replace fiat money.

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Quote from: qiman on January 14, 2017, 04:49:35 AM

Governments and central banks are too powerful in the present day economic climate, so believe in it or not, I have to keep using fiat for my day to day living, having said that I do believe in diversifying in other currencies such as Bitcoin and precious metals, if one has spare money to buy.

The use of fiat is unavoidable, we live in the world with government, so we have no choice but to use it whether we like it or not. The use of bitcoin doesn't mean would lessen the use of fiat too.

We maybe using bitcoin, but since most of the commodity in real life is not payable with bitcoin, we still need to cash it out to fiat and use it. With that said, I could say, I don't see any problem in using fiat.

qiman

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Governments and central banks are too powerful in the present day economic climate, so believe in it or not, I have to keep using fiat for my day to day living, having said that I do believe in diversifying in other currencies such as Bitcoin and precious metals, if one has spare money to buy.

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Quote from: Harlot on January 14, 2017, 03:25:30 AM

Quote from: icecube45 on January 14, 2017, 03:20:27 AM

Quote from: delliaerd on January 14, 2017, 02:52:55 AM

Quote from: Rinder on January 13, 2017, 09:20:50 AM

How many times people need to read that bitcoin wont be replacing anything, neither currencie neither some companies that offers money services like paypal and Wester Union. Bitcoin its just an option to the current fiat system. Fiat is the main way that transactions are made nowadays, even being digital, its used anywhere and accepted anywhere, but people are learning faster about technology, and we must advance to the futurem, that should become digital.

So why some people choose bitcoin. You said that bitcoin is just an option to the current fiat system, so why they choose bitcoin? Not fiat. The answer is really simple, bitcoin can do what fiat can't. Bitcoin can be used for world wide transaction only in few minute, but fiat can't. Why they not use fiat directly? Because fiat didn't have many advantage. I think fiat is bad to be a currency, probably gold or bitcoin will replace it in the future.

Gold or bitcoin will not replace fiat, and until whenever I think Fiat will continue to be used. Bitcoin would in the future be used as an alternative concurrently with fiat, so both will remain in use. Besides the main purpose of the creation of Bitcoin is not to replace fiat, but as an alternative mechanism of transaction value is cheap, fast and secure. Fiat is one of the identity of a country's economy so it's impossible to replace and removes fiat.

Actually Fiat can do what Bitcoin can also do. Even the value of Bitcoin is based in Fiat from Dollar to Euro. Credit Card bills are paid in cash and what you use in Paypal is loaded by Fiat. People don't worry Fiat will stay longer than Bitcoin believe me as long as there is a government there will be Fiat currency.

Fiat currency will be there as long as Bankings and is there. Big banks control economy to much greater extent. Paypal or credit card have their own pros and cons. Credit Cards and paypal are backed up by Banks which has helped gain them widespread popularity (for Cr cards strong marketing has helped to gain acceptance).

i don't have to explain advantages of proven digital currency like bitcoin, there are lot of things in bitcoin which are beyond fiat currency. Like chinese govt devaluation affected overall wealth of chinese people. same wont happen with bitcoin as no govt can change it's value.

Bitcoin will not replace fiat at all at any give stage. However it has all ability to become strong global currency.

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Quote from: Harlot on January 14, 2017, 03:25:30 AM

Quote from: icecube45 on January 14, 2017, 03:20:27 AM

Quote from: delliaerd on January 14, 2017, 02:52:55 AM

Quote from: Rinder on January 13, 2017, 09:20:50 AM

How many times people need to read that bitcoin wont be replacing anything, neither currencie neither some companies that offers money services like paypal and Wester Union. Bitcoin its just an option to the current fiat system. Fiat is the main way that transactions are made nowadays, even being digital, its used anywhere and accepted anywhere, but people are learning faster about technology, and we must advance to the futurem, that should become digital.

So why some people choose bitcoin. You said that bitcoin is just an option to the current fiat system, so why they choose bitcoin? Not fiat. The answer is really simple, bitcoin can do what fiat can't. Bitcoin can be used for world wide transaction only in few minute, but fiat can't. Why they not use fiat directly? Because fiat didn't have many advantage. I think fiat is bad to be a currency, probably gold or bitcoin will replace it in the future.

Gold or bitcoin will not replace fiat, and until whenever I think Fiat will continue to be used. Bitcoin would in the future be used as an alternative concurrently with fiat, so both will remain in use. Besides the main purpose of the creation of Bitcoin is not to replace fiat, but as an alternative mechanism of transaction value is cheap, fast and secure. Fiat is one of the identity of a country's economy so it's impossible to replace and removes fiat.

Actually Fiat can do what Bitcoin can also do. Even the value of Bitcoin is based in Fiat from Dollar to Euro. Credit Card bills are paid in cash and what you use in Paypal is loaded by Fiat. People don't worry Fiat will stay longer than Bitcoin believe me as long as there is a government there will be Fiat currency.

And it's better to stay that way. Some people are thinking crazy things really, in the first place, it should not be ask if we believe in fiat or not because the answer is too obvious, we use fiat regularly.

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Quote from: icecube45 on January 14, 2017, 03:20:27 AM

Quote from: delliaerd on January 14, 2017, 02:52:55 AM

Quote from: Rinder on January 13, 2017, 09:20:50 AM

How many times people need to read that bitcoin wont be replacing anything, neither currencie neither some companies that offers money services like paypal and Wester Union. Bitcoin its just an option to the current fiat system. Fiat is the main way that transactions are made nowadays, even being digital, its used anywhere and accepted anywhere, but people are learning faster about technology, and we must advance to the futurem, that should become digital.

So why some people choose bitcoin. You said that bitcoin is just an option to the current fiat system, so why they choose bitcoin? Not fiat. The answer is really simple, bitcoin can do what fiat can't. Bitcoin can be used for world wide transaction only in few minute, but fiat can't. Why they not use fiat directly? Because fiat didn't have many advantage. I think fiat is bad to be a currency, probably gold or bitcoin will replace it in the future.

Gold or bitcoin will not replace fiat, and until whenever I think Fiat will continue to be used. Bitcoin would in the future be used as an alternative concurrently with fiat, so both will remain in use. Besides the main purpose of the creation of Bitcoin is not to replace fiat, but as an alternative mechanism of transaction value is cheap, fast and secure. Fiat is one of the identity of a country's economy so it's impossible to replace and removes fiat.

Actually Fiat can do what Bitcoin can also do. Even the value of Bitcoin is based in Fiat from Dollar to Euro. Credit Card bills are paid in cash and what you use in Paypal is loaded by Fiat. People don't worry Fiat will stay longer than Bitcoin believe me as long as there is a government there will be Fiat currency.

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Quote from: delliaerd on January 14, 2017, 02:52:55 AM

Quote from: Rinder on January 13, 2017, 09:20:50 AM

How many times people need to read that bitcoin wont be replacing anything, neither currencie neither some companies that offers money services like paypal and Wester Union. Bitcoin its just an option to the current fiat system. Fiat is the main way that transactions are made nowadays, even being digital, its used anywhere and accepted anywhere, but people are learning faster about technology, and we must advance to the futurem, that should become digital.

So why some people choose bitcoin. You said that bitcoin is just an option to the current fiat system, so why they choose bitcoin? Not fiat. The answer is really simple, bitcoin can do what fiat can't. Bitcoin can be used for world wide transaction only in few minute, but fiat can't. Why they not use fiat directly? Because fiat didn't have many advantage. I think fiat is bad to be a currency, probably gold or bitcoin will replace it in the future.

Gold or bitcoin will not replace fiat, and until whenever I think Fiat will continue to be used. Bitcoin would in the future be used as an alternative concurrently with fiat, so both will remain in use. Besides the main purpose of the creation of Bitcoin is not to replace fiat, but as an alternative mechanism of transaction value is cheap, fast and secure. Fiat is one of the identity of a country's economy so it's impossible to replace and removes fiat.

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Quote from: Rinder on January 13, 2017, 09:20:50 AM

How many times people need to read that bitcoin wont be replacing anything, neither currencie neither some companies that offers money services like paypal and Wester Union. Bitcoin its just an option to the current fiat system. Fiat is the main way that transactions are made nowadays, even being digital, its used anywhere and accepted anywhere, but people are learning faster about technology, and we must advance to the futurem, that should become digital.

So why some people choose bitcoin. You said that bitcoin is just an option to the current fiat system, so why they choose bitcoin? Not fiat. The answer is really simple, bitcoin can do what fiat can't. Bitcoin can be used for world wide transaction only in few minute, but fiat can't. Why they not use fiat directly? Because fiat didn't have many advantage. I think fiat is bad to be a currency, probably gold or bitcoin will replace it in the future.

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Quote from: Botnake on January 13, 2017, 10:03:44 PM

Quote from: achow102 on January 13, 2017, 04:18:52 PM

Quote from: Rinder on January 13, 2017, 09:20:50 AM

How many times people need to read that bitcoin wont be replacing anything, neither currencie neither some companies that offers money services like paypal and Wester Union. Bitcoin its just an option to the current fiat system. Fiat is the main way that transactions are made nowadays, even being digital, its used anywhere and accepted anywhere, but people are learning faster about technology, and we must advance to the futurem, that should become digital.

Yes, you are right, digital forms of money is very promising and convenient. But many people are conservative and used to use paper money. Similarly, they do not trust cryptocurrency. Therefore, Fiat will long live

Even if how good bitcoin is but without the trust of the majority of people it will not be a mainstream currency, fiat will last forever as long as there is still order in this world. Bitcoin on the other hand is definitely very useful only for online transaction especially if you want to hide something or you want bypass a law.

I agree with you,for some reasons why questioning if fiat still exists,of course it really exists,before we are on the knowledge on how make things easy for us,fiat evolves around the world,we cannot still predict in the long run how cryptocurrency works.For those who do not know then its the fiat use by means and mode of payment.

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Quote from: achow102 on January 13, 2017, 04:18:52 PM

Quote from: Rinder on January 13, 2017, 09:20:50 AM

How many times people need to read that bitcoin wont be replacing anything, neither currencie neither some companies that offers money services like paypal and Wester Union. Bitcoin its just an option to the current fiat system. Fiat is the main way that transactions are made nowadays, even being digital, its used anywhere and accepted anywhere, but people are learning faster about technology, and we must advance to the futurem, that should become digital.

Yes, you are right, digital forms of money is very promising and convenient. But many people are conservative and used to use paper money. Similarly, they do not trust cryptocurrency. Therefore, Fiat will long live

Even if how good bitcoin is but without the trust of the majority of people it will not be a mainstream currency, fiat will last forever as long as there is still order in this world. Bitcoin on the other hand is definitely very useful only for online transaction especially if you want to hide something or you want bypass a law.

wxa7115

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Quote from: HabBear on January 12, 2017, 07:37:58 PM

I believe in fiat so much I use it every day!

Seriously though, we don't want Bitcoin to overtake fiat. If we do we'll see every major power in the world seeking to exert influence and control over it. It's best if bitcoin is broadly available and accepted and thriving a step outside the spotlight. That is what will keep it going and give it unlimited and unhampered success.

If that happen then other powers of the world will get in to avoid this other power to take an advantage over them even if they don't believe in bitcoin and don’t see its usefulness since they are not going to leave an opponent to get an advantage without any competition.

Topic: Do you Still believe in Fiat? - page 20. (Read 75146 times)