Do you Still believe in Fiat? - page 30.

Positid

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Quote from: Teemotje on December 21, 2016, 04:57:36 PM

Quote from: Vivace92 on December 21, 2016, 04:38:21 AM

Fiat is still we need, this is to avoid speculation. Of course we will be confused if the price is always changing. The government must use fiat money to make stabil economic.

Of course we need it without the fiat we will have indeed no stable economy and it can than even collapse for sure.

We are too confident with bitcoin that comes to the point that we are ask if we still believe in fiat, lol.. It's non sense guys, we cannot say we do not believe in fiat when we are still using it for our daily lives.

Teemotje

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Quote from: Vivace92 on December 21, 2016, 04:38:21 AM

Fiat is still we need, this is to avoid speculation. Of course we will be confused if the price is always changing. The government must use fiat money to make stabil economic.

Of course we need it without the fiat we will have indeed no stable economy and it can than even collapse for sure.

Kewatia

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I still believe in fiat only if the economy condition where that fiat comes from is healthy Roll Eyes

Even so, i only use paper money and only use banks when i really need it.

It is better to use the fiat as a currency, but do not belive in it.

wxa7115

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Quote from: freedomgo on December 21, 2016, 03:12:03 AM

Quote from: olushakes on December 21, 2016, 01:57:29 AM

Believing in FIAT is still a fundamental thing because as at today over here, there is no way I will spend my Bitcoin to get some basic things without first converting to FIAT and there is nothing I can do about it. As no ones know the future, probably when a position has been taken by government functionaries as I learnt discussions are ongoing then I can stop believing in Fiat.

No option for us but to believe in fiat, it is what we need to spend for our daily needs and wants, so without fiat we will not be able to buy anything and certainly we will not survive in this world. Bitcoin is only for investment.

We can use fiat and not believe in it at the same time, we have no option but to use fiat everyday because that is the way the world works but I have no doubt that at some point in the future I will be able to use mostly cryptocurrencies instead of fiat.

gabmen

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Quote from: burner2014 on December 21, 2016, 08:37:16 AM

Quote from: Text on December 21, 2016, 08:00:35 AM

I will always believe in fiat, it has a big purpose in our economy. Fiat money and bitcoin is working now together to sustain our money needs so don't need to compare them. Well, we know they have their separate role but the important is they function very well.

Agree. Why wouldn't you believe in fiat anyway? Don't you ever use it? Both has same purpose and function, they are very important in our life, we can't live without them so it should not be an issue whether to believe it or not.

Yeah i agree with what both of you said there. there's no need to favor one over the other as fiat and bitcoin should be working hand in hand together and at this time, fiat plays a lot more important role in society than any other form of currency that we have. so i also believe in fiat and i think fiat would still be the major form of currency that the world would be using in the coming several years more.

burner2014

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Quote from: Text on December 21, 2016, 08:00:35 AM

I will always believe in fiat, it has a big purpose in our economy. Fiat money and bitcoin is working now together to sustain our money needs so don't need to compare them. Well, we know they have their separate role but the important is they function very well.

Agree. Why wouldn't you believe in fiat anyway? Don't you ever use it? Both has same purpose and function, they are very important in our life, we can't live without them so it should not be an issue whether to believe it or not.

Text

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I will always believe in fiat, it has a big purpose in our economy. Fiat money and bitcoin is working now together to sustain our money needs so don't need to compare them. Well, we know they have their separate role but the important is they function very well.

Tanic

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I believe in fiat. I just don't believe that everything will stay the same as today. I think that soon all the currencies that we have today, all of them will move to crypto form and paper money will go in history.

hakanbalta577

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Quote from: zagarcoin on December 21, 2016, 06:37:57 AM

I think, Almost everyone believe fiat and believe in bitcoin. I think they are just the same Fiat for paying or buying something. car,house and another reply, And bitcoins for online things.

Every one in this world has to believe in fiat and there is no option even if you dont want that.And bitcoins or any virtual currency is not close to fiat still as far as in the real world is concern.We all need fiat to survive and so we believe in it.

lienfaye

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Quote from: zagarcoin on December 21, 2016, 06:37:57 AM

I think, Almost everyone believe fiat and believe in bitcoin. I think they are just the same Fiat for paying or buying something. car,house and another reply, And bitcoins for online things.

Majority of people are using fiat and there is no reason for me to not believe in fiat. Its the main currency that we use everyday for our needs transpo etc. i agree with you btc is for online things and fiat are for real world.

zagarcoin

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I think, Almost everyone believe fiat and believe in bitcoin. I think they are just the same Fiat for paying or buying something. car,house and another reply, And bitcoins for online things.

dawnpot

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Yes,Fiat currency will be used until the whole world decides to abolish it and I don't see any country doing that in the near future so it's reasonable to keep faith with it while it last.

hase0278

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For now I think I got faith in fiat since it is the one mostly needed to survive in this world of ours where fiat money is the payment for many services. In the future though, im not certain whether I will believe fiat or not since I think it's system is made to benefit the government, not the people so to sum it all up, I believe it for now but I don't put my full trust on it.

lionheart78

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Quote from: freedomgo on December 21, 2016, 03:12:03 AM

Quote from: olushakes on December 21, 2016, 01:57:29 AM

Believing in FIAT is still a fundamental thing because as at today over here, there is no way I will spend my Bitcoin to get some basic things without first converting to FIAT and there is nothing I can do about it. As no ones know the future, probably when a position has been taken by government functionaries as I learnt discussions are ongoing then I can stop believing in Fiat.

No option for us but to believe in fiat, it is what we need to spend for our daily needs and wants, so without fiat we will not be able to buy anything and certainly we will not survive in this world. Bitcoin is only for investment.

Bitcoin is yet to come to the point of mass adoption, considering the population and merchants that accept it as currency. There are small percentage of Bitcoin holder and majority of them are investors waiting for the price to increase and sell. So definitely bitcoin as investment is already established but bitcoin as accepted currency by majority of the world is yet to happen. So I agree that there is no choice but to believe in fiat but having a faith on it is a different story.

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Quote from: BeGoods on December 21, 2016, 04:59:01 AM

Quote from: Vivace92 on December 21, 2016, 04:38:21 AM

Fiat is still we need, this is to avoid speculation. Of course we will be confused if the price is always changing. The government must use fiat money to make stabil economic.

because all governments around the world are using fiat currency for each country. so there is no reason not to believe in fiat. because fiat backed by the government itself. so it is definitely safe right ?

The other point which show that fiat is stable because fiat is regulating at efficient and sufficient level everywhere while bitcoin is not regulated everywhere and it is still in the initial stage and the promotion and development is still in progress and when time come when bitcoin will be provided everywhere then it will also come to stability.

BeGoods

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Quote from: Vivace92 on December 21, 2016, 04:38:21 AM

Fiat is still we need, this is to avoid speculation. Of course we will be confused if the price is always changing. The government must use fiat money to make stabil economic.

because all governments around the world are using fiat currency for each country. so there is no reason not to believe in fiat. because fiat backed by the government itself. so it is definitely safe right ?

Vivace92

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Fiat is still we need, this is to avoid speculation. Of course we will be confused if the price is always changing. The government must use fiat money to make stabil economic.

freedomgo

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Quote from: olushakes on December 21, 2016, 01:57:29 AM

Believing in FIAT is still a fundamental thing because as at today over here, there is no way I will spend my Bitcoin to get some basic things without first converting to FIAT and there is nothing I can do about it. As no ones know the future, probably when a position has been taken by government functionaries as I learnt discussions are ongoing then I can stop believing in Fiat.

No option for us but to believe in fiat, it is what we need to spend for our daily needs and wants, so without fiat we will not be able to buy anything and certainly we will not survive in this world. Bitcoin is only for investment.

olushakes

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Believing in FIAT is still a fundamental thing because as at today over here, there is no way I will spend my Bitcoin to get some basic things without first converting to FIAT and there is nothing I can do about it. As no ones know the future, probably when a position has been taken by government functionaries as I learnt discussions are ongoing then I can stop believing in Fiat.

Positid

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Quote from: Bestwishes745 on December 20, 2016, 03:19:11 PM

Quote from: Rooster101 on December 20, 2016, 02:09:34 AM

Fiat will remain popular and trusted by the majority of people because it is always available to use offline than the bitcoin. Although it is not inflation-free, fiat is less volatile than the cryptocurrencies in the digital world.

You are right but these are the chances that with the advancement of bitcoin it is sure that some resources will be developed so that people will not need internet for processing their bitcoin transactions and will use their bitcoins in the same method just like we use our bank ATM cards.

Actually it's not that easy, by using bitcoin as online currency, we do not need to comply a lot of laws impose by the government, however if we are planning a different level for people to adopt which we want to make physical appearance in an area, then it will be a little more complicated.

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