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Topic: Do you Still believe in Fiat? - page 25. (Read 75146 times)

hero member
Activity: 1666
Merit: 502
January 05, 2017, 08:24:33 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
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
January 05, 2017, 07:47:55 PM
we have to, cryptos are still far far away from replace fiat on ordinary life, many years to come dominated for fiat currencies, besides cryptos are not so spread yet, there a lot of people that do not know about them

Yeah we don't need to sacrifice our usage and belief to fiat because for each of our countries still there are a lot of people who are still using and relying to fiat money and if we are not going to believe it anymore, we are going to have a  very hard time to convince and ask them to use bitcoin or else you can't have any of transaction if you don't have fiat.
hero member
Activity: 644
Merit: 500
January 05, 2017, 07:05:09 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.
sr. member
Activity: 378
Merit: 250
January 05, 2017, 06:48:35 PM
we have to, cryptos are still far far away from replace fiat on ordinary life, many years to come dominated for fiat currencies, besides cryptos are not so spread yet, there a lot of people that do not know about them
legendary
Activity: 1036
Merit: 1002
January 05, 2017, 12:37:58 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
We need fiat ofcourse to pay such that billing monthly i always trade / exchange my bitcoin into fiat currency but somehow i can also use bitcoin by paying electricity bills they are accepting bitcoin here in my country and thats good for us who using bitcoin anyway Smiley we are hoping that the virtual card will be physical soon.
hero member
Activity: 868
Merit: 500
January 05, 2017, 12:05:55 PM
I believe more in fiat because fiat is more stable than Bitoin. Bitcoin price keeps moving up and down and it may affect our pocket but fiat is stable in your pocket, the $100 will be $100 even when you are sleeping or it will be still $100 when you getup in he morning at the same time Bitcoin price may change at any time so if Bitcoin price grows than it is profitable for you otherwise you'll suffer loos. 
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
January 05, 2017, 10:32:59 AM
fiat is good for everyday use so yes, in my opinion we will be using it till 2025 or ever 2030

then we will have digital currency similar to USDT = 1usd
so basically "fiat" but in your phone

 Fiat will not be out of the picture because everyone in the world use. but bitcoin will still exist in the future.

However I would like to point out that many people in the world are too poor to not get enough knowledge and they dont even know about bitcoin and prefer to use fiat for all their daily needs. So ironically bitcoin will go out of the picture Grin

Hence the more important thing is the acceptance of bitcoin which is growing at a slow but steady rate.
legendary
Activity: 3486
Merit: 1280
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January 05, 2017, 10:21:42 AM
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
But using fiat is inflict financial loss. For the begining fiat is just representation of gold becouse bring gold everywhere is not practicaly. So the amount of fiat equal to amount of gold. But gorverntment printing fiat regardless the amount of the amount of gold. Inflation makes fiat value decrease. So as smart people we should not believe to fiat.
Knowing that the fiat is not backed by gold anymore doesn't make us smart, it makes us informed. I didn't know about this before but I've read a couple of posts about it. If people are just as informed as we are, then they might ditch fiat and join the bitcoin club. Grin Fiat is becoming more and more like a "Score" in a game which literally has no value but lets you track what you've done so far. The only difference with the score in a game is that you can spend your fiat. Regardless, fiat is still valueless (since it's not backed by gold anymore), but people thinks that it has value and would do horrible things just to obtain more and more fiat.

To continue with your education

Fiat has value of its own, it is called transactional utility. Basically, it is the price you pay for or value you get from the usefulness of money over direct barter. For example, money allows you to postpone your purchases, i.e. works as a store of value. Governments think that you should pay them for this utility in the form of the so-called inflation tax, i.e. the rate of money depreciation in the case of the most stable currencies out there roughly equals the price of borrowing money for the same amount of time (I refer to central bank interest rates here). Bitcoin also has this value but since it is not widely used as a currency, most of its intrinsic value comes from it being a speculative asset, i.e. it allows you to earn through speculation
sr. member
Activity: 665
Merit: 250
January 05, 2017, 05:18:34 AM
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

Most countries the situation is the same, only has got limited acceptance in few food stores and for some particular services. For this reason one cannot move on completely depending only on bitcoin and other cryptocurrencies. Fiat is much important, because bitcoin's capital is very low compared to fiat. To reach near to fiat needs more time than calculated.

I believe in Fiat. because not all people in the world are can use or understand concept bitcoin.
legendary
Activity: 3206
Merit: 1213
casinosblockchain.io
January 05, 2017, 04:35:10 AM
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

Most countries the situation is the same, only has got limited acceptance in few food stores and for some particular services. For this reason one cannot move on completely depending only on bitcoin and other cryptocurrencies. Fiat is much important, because bitcoin's capital is very low compared to fiat. To reach near to fiat needs more time than calculated.
hero member
Activity: 532
Merit: 500
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January 05, 2017, 04:11:30 AM
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
But using fiat is inflict financial loss. For the begining fiat is just representation of gold becouse bring gold everywhere is not practicaly. So the amount of fiat equal to amount of gold. But gorverntment printing fiat regardless the amount of the amount of gold. Inflation makes fiat value decrease. So as smart people we should not believe to fiat.
at the beginning fiat is not a representation of gold but it was made to replace the current method in the medieval age and it's often called barter, and now gold have nothing to do with the amount of paper money printed

Dude...what?  I just got back from the hospital as I had an aneurysm reading your post.

"at the beginning fiat is not a representation of gold but it was made to replace the current method in the medieval age"

https://i.imgur.com/h0LjtCP.gif

Trying to decipher that here, let me know if i'm following you:

1. fiat begins
2. made to replace current method
3. current method is actually medieval method
4. gold not linked to fiat

ok....so what's your point, considering none of those four points relate to each other (or 'believing in fiat')

Also, your reply to agamasrori is almost exactly what he wrote - not to mention the writing style/structure being nearly identical.  Are you guys from the same geographic location?  Honest question, when I read similar writing styles I often wonder if this is a specific 'dialect' of butchering English, or if everyone's just trying to type as fast as freaking possible.

I know I sound like a dick but please don't take offense.  I blame Dragon Naturally Speaking™
hero member
Activity: 2996
Merit: 524
Leading Crypto Sports Betting & Casino Platform
January 05, 2017, 03:53:41 AM
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
But using fiat is inflict financial loss. For the begining fiat is just representation of gold becouse bring gold everywhere is not practicaly. So the amount of fiat equal to amount of gold. But gorverntment printing fiat regardless the amount of the amount of gold. Inflation makes fiat value decrease. So as smart people we should not believe to fiat.
at the beginning fiat is not a representation of gold but it was made to replace the current method in the medieval age and it's often called barter, and now gold have nothing to do with the amount of paper money printed
legendary
Activity: 1008
Merit: 1060
January 05, 2017, 03:49:20 AM
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
But using fiat is inflict financial loss. For the begining fiat is just representation of gold becouse bring gold everywhere is not practicaly. So the amount of fiat equal to amount of gold. But gorverntment printing fiat regardless the amount of the amount of gold. Inflation makes fiat value decrease. So as smart people we should not believe to fiat.
Knowing that the fiat is not backed by gold anymore doesn't make us smart, it makes us informed. I didn't know about this before but I've read a couple of posts about it. If people are just as informed as we are, then they might ditch fiat and join the bitcoin club. Grin Fiat is becoming more and more like a "Score" in a game which literally has no value but lets you track what you've done so far. The only difference with the score in a game is that you can spend your fiat. Regardless, fiat is still valueless (since it's not backed by gold anymore), but people thinks that it has value and would do horrible things just to obtain more and more fiat.
sr. member
Activity: 364
Merit: 250
January 04, 2017, 11:32:01 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
But using fiat is inflict financial loss. For the begining fiat is just representation of gold becouse bring gold everywhere is not practicaly. So the amount of fiat equal to amount of gold. But gorverntment printing fiat regardless the amount of the amount of gold. Inflation makes fiat value decrease. So as smart people we should not believe to fiat.
hero member
Activity: 2814
Merit: 576
January 04, 2017, 11:28:52 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
Well, that's for now because bitcoin is not that big enough in terms of adoption. There's still many people who are potential to use bitcoin which has not been educated about bitcoin yet, it needs time to realize what we want but for now, we must be contented what bitcoin has already achieved.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
January 04, 2017, 11:15:48 PM
In the all mass of people only 20% have a smartphone. Such daily thing that we think already gotten by everyone. But no. I think that is gonna be the same with bitcoin. Only some percent of people will use only that, like 20% and 80% will use fiat. So I believe in fiat.
Fiat will always be here, bitcoin is just something we can use as alternative money, people with online transaction interest will mostly use it if they understand the entire system but since fiat is easy, it's more popular than bitcoin.
sr. member
Activity: 294
Merit: 250
January 04, 2017, 08:29:02 PM
In the all mass of people only 20% have a smartphone. Such daily thing that we think already gotten by everyone. But no. I think that is gonna be the same with bitcoin. Only some percent of people will use only that, like 20% and 80% will use fiat. So I believe in fiat.
hero member
Activity: 1666
Merit: 502
January 04, 2017, 08:19:56 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
legendary
Activity: 2646
Merit: 1106
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January 04, 2017, 07:34:34 PM
No doubts fiat will dominate for the coming 10-20 years (specially the big 4) but after that perhaps bitcoin , ALTs beside the other online payments gateway as well as paypal , moneybookers ,okpay .. etc will be the only type of payment available to use due to many reason safety and security be the first . time will tell .
Nope i don't think that this happen on that year fiat will never dominate paypal will never use or partnet with bitcoin because bitcoin is digital currency and paypal is company so theres an big chance that paypal will never accept bitcoin.
I have different opinion, I really sure that people will leave fiat soon, becouse use fiat is not profitable. Fiat value is always decrease. So people have to leave fiat then choose bitcoin and gold becouse both are such as safe haven stuff. I didn't believe fiat anymore.

People is not going to leave fiat anytime soon, western fiat that is... but if we look at China, Venezuela, Argentina, India, and all those countries... they are screwed up beyond belief, so they are going to look for ways to move their wealth out of those money eating hellholes. The hyperinflation will guarantee that those 4 countries alone push the price to 5 figures, and that isn't considering the future situation where western fiat currencies fail too, or as physical cash gets moved, bitcoin shines to never imagined highs.
yes that is right to say and the reason is that still not more than 2 percent people of the world are not ye using bitcoin therefore most of the people are still using fiat currency.

Yes of course i still believe in fiat because its the declared fiat by our government and without fiat currency we could not convert and cash out our bitcoin stored in our online wallet. Fiat currency is very important in bitcoin transaction because once you've cash out in fiat you can use fiat currency to pay for those goods which mostly requires fiat specially in buying foods at the fast food chains.

Whether its fast food chain or for some other needs right now fiat is most needed due to the small percentage of cryptocurrency acceptance compared to fiat. Also fiat is the basic from which everything got evolved as different forms based upon requirements as cryptocurrency, altcoins, wallets, cards, cashless system etc. Crypts act as an alternative solution but defeat fiat take its role is something against the financial ecosystem.
hero member
Activity: 630
Merit: 500
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January 04, 2017, 07:23:35 PM
No doubts fiat will dominate for the coming 10-20 years (specially the big 4) but after that perhaps bitcoin , ALTs beside the other online payments gateway as well as paypal , moneybookers ,okpay .. etc will be the only type of payment available to use due to many reason safety and security be the first . time will tell .
Nope i don't think that this happen on that year fiat will never dominate paypal will never use or partnet with bitcoin because bitcoin is digital currency and paypal is company so theres an big chance that paypal will never accept bitcoin.
I have different opinion, I really sure that people will leave fiat soon, becouse use fiat is not profitable. Fiat value is always decrease. So people have to leave fiat then choose bitcoin and gold becouse both are such as safe haven stuff. I didn't believe fiat anymore.

People is not going to leave fiat anytime soon, western fiat that is... but if we look at China, Venezuela, Argentina, India, and all those countries... they are screwed up beyond belief, so they are going to look for ways to move their wealth out of those money eating hellholes. The hyperinflation will guarantee that those 4 countries alone push the price to 5 figures, and that isn't considering the future situation where western fiat currencies fail too, or as physical cash gets moved, bitcoin shines to never imagined highs.
yes that is right to say and the reason is that still not more than 2 percent people of the world are not ye using bitcoin therefore most of the people are still using fiat currency.

Yes of course i still believe in fiat because its the declared fiat by our government and without fiat currency we could not convert and cash out our bitcoin stored in our online wallet. Fiat currency is very important in bitcoin transaction because once you've cash out in fiat you can use fiat currency to pay for those goods which mostly requires fiat specially in buying foods at the fast food chains.
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