Do you Still believe in Fiat? - page 28.

GregH37

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Quote from: Bitcoinpro on March 20, 2016, 04:44:23 PM

u would hate Fiat to the core! the endless print cycle is a joke Cheesy

Fiat has been and forever will be the currency that is used to exchange money between people and I don’t see them being replaced by bitcoin or any cryptocurrency any time soon, but the fact that our society is starting to use internet more and more and relaying on it in everything makes us wonder whether the fiat will still exists.

gabmen

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Quote from: olyaru on December 24, 2016, 12:21:14 PM

Quote from: MFahad on December 24, 2016, 08:25:49 AM

Quote from: Zisove28 on December 12, 2016, 03:14:42 PM

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin

I guess mate you do not know what is fiat means. You cannot live in real life if you do not have fiat money in your wallet,
You cannot buy things you need for leaving, the necessities, the stuffs, and foods.
So to use bitcoin in real life we converted it to fiat one to use it and spend it.

I also noticed that people express all that is unreal. I do not believe that their paper money hollow sound. For all people on the planet precisely because of them live. A bitcoin is an income of less than one percent of the world's population.

And also the reasoning of fiat being prone to inflation doesn't cut it. Same goes for bitcoin. I think we don' t really have much choice for now but to trust this currency as it is what runs today's monetary system. Fiat is accepted in pretty much all transactions whereas if you use bitcoin, most of the time you still would have to convert it to fiat. So for now almist everything is transacted through fiat

coszy

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Quote from: Mastsetad on December 24, 2016, 12:18:30 PM

Quote from: jak3 on December 24, 2016, 12:15:25 AM

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community

No problem how our governments and banks are and no matter how good bitcoin and its community is but at the end of the day we will have to keep our trust in fiat for now as we cannot do anything with just bitcoin right now in the world because bitcoin is still limited in use.

If the government can print money very much, bitcoin is limited. Although the real currency is exposed to inflation because of not matching the gold reserves, the bitcoin floats in price by itself or by Delcam will.

Mirconome

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Quote from: wxa7115 on December 24, 2016, 12:33:40 PM

Quote from: markyminer on December 23, 2016, 06:23:55 PM

Quote from: wxa7115 on December 23, 2016, 11:15:48 AM

Quote from: Monnt on December 22, 2016, 10:46:32 AM

Quote from: boyptc on December 21, 2016, 11:53:09 PM

Quote from: roomfirst on December 21, 2016, 10:42:31 PM

I'm sure people still believe in fiat, because we still use fiat for buying something in real life using fiat. Without fiat we can't buy shit. That's why people still believe in fiat, even the digital money come like bitcoin and paypal. Fiat will still survive.

That's a sure thing because if we are not going to believe fiat then what do you think is the medium that we need to use in able to survive for our daily lives for buying and selling the things that we need? Unless you are living in a jungle and you don't need fiat for surviving there then your faith in fiat will surely be gone.

We can never stop using fiat because it has been and will forever will be the payment method that everyone uses on the plant to exchange money in person, even if our society is relaying on internet and digital payment more and more, there will be the need for human interaction and that’s where the fiat comes in.

Fiat has not been around forever, that is a mistake, historically humans have used gold and silver the most, fiat has been around for only some hundreds of years, and fiat not backed by anything just decades, so fiat could be replaced, it is not going to be easy but it could be done.

yes that is right to say, before fiat there was barter system, exchanges of good, and after that fiat introduced, therefore we can say that the trend is changing from time to time, and that is the reason that we cans that people and specially the new generation is giving preference to digital currency, as they are interested in online trading.

Yes, it may seem like fiat has been around forever since that is all what we know but when you begin to check the history of the world you realize fiat is a very recent experiment in historical terms, when you see precious metals you immediately realize why they were considered to be so valuable by our ancestors.

I also pleasing to the soul, and even Fiat convenient in many cases. Yes, even life without them would be difficult. The truth is that so many different currencies, even values are not, they can simply be abolished.

wxa7115

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Bitcoin is GOD

Quote from: markyminer on December 23, 2016, 06:23:55 PM

Quote from: wxa7115 on December 23, 2016, 11:15:48 AM

Quote from: Monnt on December 22, 2016, 10:46:32 AM

Quote from: boyptc on December 21, 2016, 11:53:09 PM

Quote from: roomfirst on December 21, 2016, 10:42:31 PM

I'm sure people still believe in fiat, because we still use fiat for buying something in real life using fiat. Without fiat we can't buy shit. That's why people still believe in fiat, even the digital money come like bitcoin and paypal. Fiat will still survive.

That's a sure thing because if we are not going to believe fiat then what do you think is the medium that we need to use in able to survive for our daily lives for buying and selling the things that we need? Unless you are living in a jungle and you don't need fiat for surviving there then your faith in fiat will surely be gone.

We can never stop using fiat because it has been and will forever will be the payment method that everyone uses on the plant to exchange money in person, even if our society is relaying on internet and digital payment more and more, there will be the need for human interaction and that’s where the fiat comes in.

Fiat has not been around forever, that is a mistake, historically humans have used gold and silver the most, fiat has been around for only some hundreds of years, and fiat not backed by anything just decades, so fiat could be replaced, it is not going to be easy but it could be done.

yes that is right to say, before fiat there was barter system, exchanges of good, and after that fiat introduced, therefore we can say that the trend is changing from time to time, and that is the reason that we cans that people and specially the new generation is giving preference to digital currency, as they are interested in online trading.

Yes, it may seem like fiat has been around forever since that is all what we know but when you begin to check the history of the world you realize fiat is a very recent experiment in historical terms, when you see precious metals you immediately realize why they were considered to be so valuable by our ancestors.

olyaru

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Activity: 275

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Quote from: MFahad on December 24, 2016, 08:25:49 AM

Quote from: Zisove28 on December 12, 2016, 03:14:42 PM

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin

I guess mate you do not know what is fiat means. You cannot live in real life if you do not have fiat money in your wallet,
You cannot buy things you need for leaving, the necessities, the stuffs, and foods.
So to use bitcoin in real life we converted it to fiat one to use it and spend it.

I also noticed that people express all that is unreal. I do not believe that their paper money hollow sound. For all people on the planet precisely because of them live. A bitcoin is an income of less than one percent of the world's population.

Mastsetad

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Activity: 672

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Quote from: jak3 on December 24, 2016, 12:15:25 AM

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community

No problem how our governments and banks are and no matter how good bitcoin and its community is but at the end of the day we will have to keep our trust in fiat for now as we cannot do anything with just bitcoin right now in the world because bitcoin is still limited in use.

bikbik2

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Quote from: iqlimasyadiqa on December 24, 2016, 10:12:49 AM

I will continue to trust and use fiat currency. because the currency is the currency that is commonly used today.
some sectors of the world's few require the use of fiat in their transactions. it can not be removed swiftly.

swift system coordinates all the world's banks and real money today held the lead on the currency market. States will be stronger when strong Fiat.

iqlimasyadiqa

legendary

Activity: 1596

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I will continue to trust and use fiat currency. because the currency is the currency that is commonly used today.
some sectors of the world's few require the use of fiat in their transactions. it can not be removed swiftly.

kreskko

sr. member

Activity: 270

Merit: 250

What I do not annoy Fiat in if I get paid exactly the money and spend money every day, too, of this kind. There's even a vote of confidence can be no question. True, inflation can destroy everything completely.

MFahad

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Quote from: Zisove28 on December 12, 2016, 03:14:42 PM

I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin

I guess mate you do not know what is fiat means. You cannot live in real life if you do not have fiat money in your wallet,
You cannot buy things you need for leaving, the necessities, the stuffs, and foods.
So to use bitcoin in real life we converted it to fiat one to use it and spend it.

salmanahmedone

hero member

Activity: 602

Merit: 500

Quote from: Zisove28 on December 12, 2016, 03:14:42 PM

I do not believe in fiat. It is very prone to inflation and to keep their savings
in Fiat's very dangerous and unprofitable. My choice - Bitcoin

we cannot live without fiat now. Like man said, it is necessity, Bitcoin is a crypto currency which we converted to fiat men.
Sometimes, make some read, Not everywhere bitcoin accepted

burner2014

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Activity: 952

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Quote from: Positid on December 24, 2016, 12:56:26 AM

Quote from: neochiny on December 24, 2016, 12:51:43 AM

Quote from: burner2014 on December 24, 2016, 12:24:46 AM

Quote from: jak3 on December 24, 2016, 12:15:25 AM

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community

What are you trying to say dude? What is your reason for not trusting fiat?
Could you please elaborate so all of us can get your point. I am sorry, I just can't get your thought/idea about what you posted. Please further explain your side. Thanks.

He just said that the fiat money is created by government and banks so they can
gain profits from it etc... and he also said that we have technology to create our own
currency/altcoin.

How are they actually making profit with on the fiat they created, I believe they are not making it as a business but just to be a legal tender where their people can use it and transact legally.

Correct. The government will just simply print money but not to gain profits on it. They just can't print fiat as much as they want just to gain profits on it? They have corresponding policies how many have to print but not to sell the fiat for them to gain.

Positid

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BULL RUN until 2030

Quote from: neochiny on December 24, 2016, 12:51:43 AM

Quote from: burner2014 on December 24, 2016, 12:24:46 AM

Quote from: jak3 on December 24, 2016, 12:15:25 AM

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community

What are you trying to say dude? What is your reason for not trusting fiat?
Could you please elaborate so all of us can get your point. I am sorry, I just can't get your thought/idea about what you posted. Please further explain your side. Thanks.

He just said that the fiat money is created by government and banks so they can
gain profits from it etc... and he also said that we have technology to create our own
currency/altcoin.

How are they actually making profit with on the fiat they created, I believe they are not making it as a business but just to be a legal tender where their people can use it and transact legally.

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

Quote from: burner2014 on December 24, 2016, 12:24:46 AM

Quote from: jak3 on December 24, 2016, 12:15:25 AM

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community

What are you trying to say dude? What is your reason for not trusting fiat?
Could you please elaborate so all of us can get your point. I am sorry, I just can't get your thought/idea about what you posted. Please further explain your side. Thanks.

He just said that the fiat money is created by government and banks so they can
gain profits from it etc... and he also said that we have technology to create our own
currency/altcoin.

burner2014

hero member

Activity: 952

Merit: 515

Quote from: jak3 on December 24, 2016, 12:15:25 AM

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community

What are you trying to say dude? What is your reason for not trusting fiat?
Could you please elaborate so all of us can get your point. I am sorry, I just can't get your thought/idea about what you posted. Please further explain your side. Thanks.

jak3

legendary

Activity: 1274

Merit: 1004

No i Dont but i realised we lose trust in the faint because of the banks and government but then i think they are the one who created it for this porpose so they deserve this. we got a better opportunity we got a better technology and a better system its not only about money about about a better and developed community

markyminer

hero member

Activity: 532

Merit: 500

Quote from: wxa7115 on December 23, 2016, 11:15:48 AM

Quote from: Monnt on December 22, 2016, 10:46:32 AM

Quote from: boyptc on December 21, 2016, 11:53:09 PM

Quote from: roomfirst on December 21, 2016, 10:42:31 PM

I'm sure people still believe in fiat, because we still use fiat for buying something in real life using fiat. Without fiat we can't buy shit. That's why people still believe in fiat, even the digital money come like bitcoin and paypal. Fiat will still survive.

That's a sure thing because if we are not going to believe fiat then what do you think is the medium that we need to use in able to survive for our daily lives for buying and selling the things that we need? Unless you are living in a jungle and you don't need fiat for surviving there then your faith in fiat will surely be gone.

We can never stop using fiat because it has been and will forever will be the payment method that everyone uses on the plant to exchange money in person, even if our society is relaying on internet and digital payment more and more, there will be the need for human interaction and that’s where the fiat comes in.

Fiat has not been around forever, that is a mistake, historically humans have used gold and silver the most, fiat has been around for only some hundreds of years, and fiat not backed by anything just decades, so fiat could be replaced, it is not going to be easy but it could be done.

yes that is right to say, before fiat there was barter system, exchanges of good, and after that fiat introduced, therefore we can say that the trend is changing from time to time, and that is the reason that we cans that people and specially the new generation is giving preference to digital currency, as they are interested in online trading.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: Monnt on December 22, 2016, 10:46:32 AM

Quote from: boyptc on December 21, 2016, 11:53:09 PM

Quote from: roomfirst on December 21, 2016, 10:42:31 PM

I'm sure people still believe in fiat, because we still use fiat for buying something in real life using fiat. Without fiat we can't buy shit. That's why people still believe in fiat, even the digital money come like bitcoin and paypal. Fiat will still survive.

That's a sure thing because if we are not going to believe fiat then what do you think is the medium that we need to use in able to survive for our daily lives for buying and selling the things that we need? Unless you are living in a jungle and you don't need fiat for surviving there then your faith in fiat will surely be gone.

We can never stop using fiat because it has been and will forever will be the payment method that everyone uses on the plant to exchange money in person, even if our society is relaying on internet and digital payment more and more, there will be the need for human interaction and that’s where the fiat comes in.

Fiat has not been around forever, that is a mistake, historically humans have used gold and silver the most, fiat has been around for only some hundreds of years, and fiat not backed by anything just decades, so fiat could be replaced, it is not going to be easy but it could be done.

sportis

sr. member

Activity: 406

Merit: 252

Veni, Vidi, Vici

All of us here we know the bitcoin advantages compared to fiat but fiat dominates the world something difficult to change. So If we believe to bitcoin we must use bitcoin. That is to buy/sell goods and services in every day transactions. If we use bitcoin only for hoarding then we tacitly agree that we trust only fiat money.

Topic: Do you Still believe in Fiat? - page 28. (Read 75164 times)