Do you Still believe in Fiat? - page 24.

Bitcoinsummoner

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Quote from: seven4smoke on January 07, 2017, 12:28:04 PM

Quote from: jossiel on January 07, 2017, 06:01:21 AM

Quote from: Orion25 on January 07, 2017, 03:18:49 AM

Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.

Unless the government will declare bitcoins or the usage of gold and silver will be the main currency of the whole nation, then I won't believe with fiat anymore.

But since even there is bitcoin still it is not recognized by many people so we still need to stay in believing in keep on using fiat.

It is the medium that most of the merchants, businessmen and stores are preferring to accept.

Bitcoin will grow only by users. No one works on the popular cryptocurrency since those who use bitcoin. But what applies to Fiat, the real money are growing in popularity.

The other part like he mention that if government will declare the bitcoin or the usage of silver and gold .. for me if government declare it is impossible that bitcoin will be use instead they will choose gold and silver because we have physical and we can use it also in online with same name currency.. unlike bitcoin that you can only use it online..
and it is obvious that bitcoin is always good as alternative and fiat never will change maybe they can add coins or paper money with different faces. like here in my country. they are adding new money with different faces of heroes or previous president,.

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Quote from: jossiel on January 07, 2017, 06:01:21 AM

Quote from: Orion25 on January 07, 2017, 03:18:49 AM

Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.

Unless the government will declare bitcoins or the usage of gold and silver will be the main currency of the whole nation, then I won't believe with fiat anymore.

But since even there is bitcoin still it is not recognized by many people so we still need to stay in believing in keep on using fiat.

It is the medium that most of the merchants, businessmen and stores are preferring to accept.

Bitcoin will grow only by users. No one works on the popular cryptocurrency since those who use bitcoin. But what applies to Fiat, the real money are growing in popularity.

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Quote from: The_prodigy on January 07, 2017, 07:26:37 AM

Quote from: Pursuer on December 27, 2016, 10:51:11 AM

Quote from: vantyzz on December 27, 2016, 09:37:11 AM

Quote from: The_prodigy on December 27, 2016, 09:10:35 AM

Quote from: warwar on December 27, 2016, 06:11:14 AM

Quote from: usefrees on December 27, 2016, 06:07:00 AM

I also very much encouraged by the fact that more and more stores have begun to accept Bitcoin. But to live a very hard without fiat currency. It should be for everyone. In the next few years the situation will not change significantly.

well you are right it is very difficult if you live without fiat because by the end of the day our bitcoin we are exchanging it to our own fiat because there are still no stores that accepts bitcoin in our country weell I think next few years bitcoin is getting famous and lot of users and also there are lot of shops that accepts bitcoin and fiat stays fiat

True its really hard when we don't use fiat on our daily living i can't even live without using fiat i don't think fiat will be denominant after 10-20 years fiat will be one will use to exchange our bitcoin i don't think that some of stores will begun accpeting bitcoin less of companies don't want bitcoin to be connected to them.

big companies are afraid to communicate with Bitcoin due to the fact that the situation is not clear to him. I mean legislation. Therefore, Fiat will still be used

their main reason is because their employees are not asking for it! I mean if you go ask your boss to pay you with bitcoin and then a couple of more of you colleagues do the same he is going to do it eventually and the only other issue is going to be taxes that I doubt it can be any trouble more than filling a new form!

Nope they don't trust bitcoin it just because of unstable price but if bitcoin has an stable price they will trying to impose bitcoin to there employee or company like paypal will partner with bitcoin paypal is one of the biggest company that people use to pay online. Nah if amazon continue accepting bitcoin then probably lots of company will see an good opportunity using it.

What makes you think that those companies will actually seeing the opportunity from bitcoin if amazon implement it as a payment method? those companies really never make a direct deal with the amazon company and it's not going affecting those unless they're affiliating,it's just another BS

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Quote from: Pursuer on December 27, 2016, 10:51:11 AM

Quote from: vantyzz on December 27, 2016, 09:37:11 AM

Quote from: The_prodigy on December 27, 2016, 09:10:35 AM

Quote from: warwar on December 27, 2016, 06:11:14 AM

Quote from: usefrees on December 27, 2016, 06:07:00 AM

I also very much encouraged by the fact that more and more stores have begun to accept Bitcoin. But to live a very hard without fiat currency. It should be for everyone. In the next few years the situation will not change significantly.

well you are right it is very difficult if you live without fiat because by the end of the day our bitcoin we are exchanging it to our own fiat because there are still no stores that accepts bitcoin in our country weell I think next few years bitcoin is getting famous and lot of users and also there are lot of shops that accepts bitcoin and fiat stays fiat

True its really hard when we don't use fiat on our daily living i can't even live without using fiat i don't think fiat will be denominant after 10-20 years fiat will be one will use to exchange our bitcoin i don't think that some of stores will begun accpeting bitcoin less of companies don't want bitcoin to be connected to them.

big companies are afraid to communicate with Bitcoin due to the fact that the situation is not clear to him. I mean legislation. Therefore, Fiat will still be used

their main reason is because their employees are not asking for it! I mean if you go ask your boss to pay you with bitcoin and then a couple of more of you colleagues do the same he is going to do it eventually and the only other issue is going to be taxes that I doubt it can be any trouble more than filling a new form!

Nope they don't trust bitcoin it just because of unstable price but if bitcoin has an stable price they will trying to impose bitcoin to there employee or company like paypal will partner with bitcoin paypal is one of the biggest company that people use to pay online. Nah if amazon continue accepting bitcoin then probably lots of company will see an good opportunity using it.

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Quote from: Orion25 on January 07, 2017, 03:18:49 AM

Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.

Unless the government will declare bitcoins or the usage of gold and silver will be the main currency of the whole nation, then I won't believe with fiat anymore.

But since even there is bitcoin still it is not recognized by many people so we still need to stay in believing in keep on using fiat.

It is the medium that most of the merchants, businessmen and stores are preferring to accept.

farl2web

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Quote from: deisik on January 07, 2017, 03:46:48 AM

Quote from: Xenophoto on January 07, 2017, 01:58:37 AM

I doubt that it will happen since there would be small payments and I think it's not even important. There would always be people buying in stores. For example, if you bought a banana with fiat, would it be beneficial to the whole country that there's a transparent record for that? I think the main reason why blockchain has a transparent records because it's happening on the internet and they can easily create a program that makes a logs of the transactions for each address.

If you bought the banana with paper fiat or coins, there will still be a record for it. If you are buying it from a company and not from a peasant which has grown it in his small-scale farm and who doesn't report his sales, then there will be a record in the company's ledger and most likely a tax paid for this wretched banana. Regarding the importance of small sales, many a little makes a mickle, and the economies of some countries are heavily relying on the exports of bananas, yeah. They are even aptly called "banana republics"...

So don't discard bananas as something totally inconsequential

Anyway, almost all the people on the planet are Fiat and other alternatives will be. Bitcoin is a digital currency, and those who grow bananas, do not even dream of the Internet. And there are people on the planet most.

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Quote from: Xenophoto on January 07, 2017, 01:58:37 AM

I doubt that it will happen since there would be small payments and I think it's not even important. There would always be people buying in stores. For example, if you bought a banana with fiat, would it be beneficial to the whole country that there's a transparent record for that? I think the main reason why blockchain has a transparent records because it's happening on the internet and they can easily create a program that makes a logs of the transactions for each address.

If you bought the banana with paper fiat or coins, there will still be a record for it. If you are buying it from a company and not from a peasant which has grown it in his small-scale farm and who doesn't report his sales, then there will be a record in the company's ledger and most likely a tax paid for this wretched banana. Regarding the importance of small sales, many a little makes a mickle, and the economies of some countries are heavily relying on the exports of bananas, yeah. They are even aptly called "banana republics"...

So don't discard bananas as something totally inconsequential

lol3c

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Quote from: Orion25 on January 07, 2017, 03:18:49 AM

Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.

It will take many years for cryptocurrency to replace the fiat system. The centralized system is still doing their best in order to stop popular of Bitcoin and other digital currencies. However, the replacing process can not be stopped and Bitcoin will soon become the world new currency which is accepted around the world

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Do I believe in fiat? So this is the only and the main currency in the real world. And I am confident that the country will firmly and confidently defend the interests of their money.

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Quote from: mastica on January 06, 2017, 11:01:13 AM

Fiat will be always fiat, this means that people does trust into it and they use it in the daily needs, this is something that wont change, the way thats is managed its the only problem. Governement does all transactions without expose them, if they have lets say blockchain technology, to trace all the money it would be the best way to know our money is being invested for the future and not the politicians accounts, this wont change since politicians does wanna to earn in 4 years what a worker earns into 30-50 years of work.
I do hope in the future we can see all the transactions and companies as well for what the money has been spent, since part of those belongs to our salary, nothing more fair then to know where those money is going.

To sum up this block of text, he's saying that he's hoping that fiat will be transparent so we know that our money is going to investments and not in the pockets of politicians.

I doubt that it will happen since there would be small payments and I think it's not even important. There would always be people buying in stores. For example, if you bought a banana with fiat, would it be beneficial to the whole country that there's a transparent record for that? I think the main reason why blockchain has a transparent records because it's happening on the internet and they can easily create a program that makes a logs of the transactions for each address.

mastica

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Fiat will be always fiat, this means that people does trust into it and they use it in the daily needs, this is something that wont change, the way thats is managed its the only problem. Governement does all transactions without expose them, if they have lets say blockchain technology, to trace all the money it would be the best way to know our money is being invested for the future and not the politicians accounts, this wont change since politicians does wanna to earn in 4 years what a worker earns into 30-50 years of work.
I do hope in the future we can see all the transactions and companies as well for what the money has been spent, since part of those belongs to our salary, nothing more fair then to know where those money is going.

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Quote from: Telepo on January 05, 2017, 11:49:07 PM

I just use my cash when I want ot buy some food stuff or paying house renting and some private expenses.
I always keep my money in bitcoin and use it for trading or investing. That is a good way to get more earning.

to spending (buy something) I have more confidence in fiat. it might make it easier to shop than bitcoin. of course, because all countries accept fiat so I think obligatory to believe in fiat

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Quote from: Telepo on January 05, 2017, 11:49:07 PM

I just use my cash when I want ot buy some food stuff or paying house renting and some private expenses.
I always keep my money in bitcoin and use it for trading or investing. That is a good way to get more earning.

And that means that you are still believing in fiat because the fact that your landlord will not allow you to pay him bitcoins, as he don't know what it is or it is a scam or some new meta. Even how hard you are going to explain to him that it is a real currency which can be used globally still, you don't have choice but to use fiat.

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Quote from: Telepo on January 05, 2017, 11:49:07 PM

I just use my cash when I want ot buy some food stuff or paying house renting and some private expenses.
I always keep my money in bitcoin and use it for trading or investing. That is a good way to get more earning.

Still, it doesn't mean that you are losing your faith to fiat.... Or if you are really losing it, you have no choice... We have to accept the truth that we can't survive yet without using fiat since almost all that we need to live is payable with it... I would believe fully in bitcoin if all the things that I use, including the services are payable with it, that's the only time I would shift to bitcoin and leave fiat forever...

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Quote from: Yuuto on January 05, 2017, 11:02:39 PM

I don't believe in fiat anymore, simply because that there is a better awy of transacting, of storing value, sending money to your family and friends overseas without having to ever deal with long clearance times or anything physical.

That alternative is bitcoin, obviously. Just compare bitcoin to Western Union transfers and you'll see the huge advantages bitcoin has over WU or PP.

I don't believe you. Maybe you don't believe in fiat as an investment but I'm sure you're still using fiat, thus, you still believe in fiat. No matter how much hate there should be towards fiat, we would still end up using it simply because it's one of the medium that we use in order to survive.

Bitcoin might be a really good investment given that the price has increased a lot in the previous weeks but that doesn't change the fact that in real life, we need fiat to buy stuffs since almost no one's accepting bitcoins.

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I just use my cash when I want ot buy some food stuff or paying house renting and some private expenses.
I always keep my money in bitcoin and use it for trading or investing. That is a good way to get more earning.

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Quote from: Yuuto on January 05, 2017, 11:02:39 PM

I don't believe in fiat anymore, simply because that there is a better awy of transacting, of storing value, sending money to your family and friends overseas without having to ever deal with long clearance times or anything physical.

That alternative is bitcoin, obviously. Just compare bitcoin to Western Union transfers and you'll see the huge advantages bitcoin has over WU or PP.

If your purpose of using your fiat is just to send money then you should really have to believe in bitcoin. But not on all situation, fiat has many uses in real life. Besides, after sending your money to your family, they still have to convert it back to fiat, so they are still using and you too is using fiat.

Aside from that, we are part of the system, we are part of the government in where we live, and by that I could say that we have no choice but to believe in fiat.

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I don't believe in fiat anymore, simply because that there is a better awy of transacting, of storing value, sending money to your family and friends overseas without having to ever deal with long clearance times or anything physical.

That alternative is bitcoin, obviously. Just compare bitcoin to Western Union transfers and you'll see the huge advantages bitcoin has over WU or PP.

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Quote from: Kemarit on January 05, 2017, 07:27:17 PM

Quote from: ufaiz50 on January 05, 2017, 07:24:33 PM

Quote from: virtualkeybuyer on January 05, 2017, 06:05:09 PM

Quote from: ufaiz50 on January 04, 2017, 07:19:56 PM

i still believe fiat, I meet the daily needs such as electricity, water, food, clothing. using what if I don't believe in fiat? bitcoin? in my country bitcoin still not accepted as means of payment

For getting these thing with bitcoin you do not need people in your area to know about bitcoin but whenever you need these things to buy you can order them from online shops available everywhere on internet and with bitcoin you can get these products with a good discount.

in online shops mainly clothes and food not accept bitcoin as payments because they tend to use fiat or maybe they have more confidence in fiat could also they don't know bitcoin. i always exchanging bitcoin into local currency in my country

well for sure they are not really well informed about btc transactions thats why they are not adopting it still but for sure if they learned about how to use the service little by little they will adopt and use it, i still believe with fiat because we can't removed the fact that fiat still represent the nations.

We have a government and we are bound to follow the laws in our respective country, with bitcoin there's no boundaries as we can all transact wherever we live, but you are right, we cannot eliminate the fact that we need fiat.

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Quote from: ufaiz50 on January 05, 2017, 07:24:33 PM

Quote from: virtualkeybuyer on January 05, 2017, 06:05:09 PM

Quote from: ufaiz50 on January 04, 2017, 07:19:56 PM

i still believe fiat, I meet the daily needs such as electricity, water, food, clothing. using what if I don't believe in fiat? bitcoin? in my country bitcoin still not accepted as means of payment

For getting these thing with bitcoin you do not need people in your area to know about bitcoin but whenever you need these things to buy you can order them from online shops available everywhere on internet and with bitcoin you can get these products with a good discount.

in online shops mainly clothes and food not accept bitcoin as payments because they tend to use fiat or maybe they have more confidence in fiat could also they don't know bitcoin. i always exchanging bitcoin into local currency in my country

well for sure they are not really well informed about btc transactions thats why they are not adopting it still but for sure if they learned about how to use the service little by little they will adopt and use it, i still believe with fiat because we can't removed the fact that fiat still represent the nations.

Topic: Do you Still believe in Fiat? - page 24. (Read 75164 times)