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Topic: Do you Still believe in Fiat? - page 33. (Read 75146 times)

legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
December 17, 2016, 07:15:35 AM
Why would I hate fiat? Money is money. As long as it still has value, as long as I can use it to pay for things I need, then I'd believe in it. Just because I also use bitcoin doesn't mean I have no use for fiat anymore.
They both got their own uses and value. And both has it's own pros and cons as well.

Agreed, as the saying goes, when money talks, bullshit walks

On the other hand, though, people who say that they hate fiat usually refer to governments issuing that fiat. Really, fiat is only a tool, so does it make any sense to hate a hammer even if you just smashed your finger with it? People hate governments because they steal wealth from them with the help of fiat money by constantly depreciating it. When you see prices constantly rising in a grocery shop behind the corner, you can't help hating all these criminals in the government, and I'm dead serious
hero member
Activity: 756
Merit: 503
Crypto.games
December 17, 2016, 04:19:56 AM
Why would I hate fiat? Money is money. As long as it still has value, as long as I can use it to pay for things I need, then I'd believe in it. Just because I also use bitcoin doesn't mean I have no use for fiat anymore.
They both got their own uses and value. And both has it's own pros and cons as well.
hero member
Activity: 644
Merit: 501
December 17, 2016, 04:17:42 AM

u would hate Fiat to the  core!



I think it is not all about I hate fiat or not. I don't like fiat, honestly speaking, but I still cannot stop using fiat.

We don't have a better choice which is also widely accepted by most people.

The first part is very true. Right now there are a lot of fiat haters, but really if you go to your local grocer and buy something with an alternative currency, they would call you a fraud. A scammer. A person who isn't able to give "legitimate" or "real" currency.

However there is a better alternative, bitcoin. Thus why there are a lot of bitcoin enthusiasts on here.
full member
Activity: 163
Merit: 100
December 17, 2016, 04:11:47 AM

u would hate Fiat to the  core!



I think it is not all about I hate fiat or not. I don't like fiat, honestly speaking, but I still cannot stop using fiat.

We don't have a better choice which is also widely accepted by most people.

I wouldn't say that I hate Fiat but it is really nothing. It is just an agreement between people that it holds value. The way nation states Governments are leveraged is disgusting. The US is in the hole for over 19 Trillion dollars. That doesn't include state & local gov't debt which adds 3 TRILLION. So 22 Trillion but by the end of 2017 it is said that the debt will be a staggering 23 Trillon dollars.

Yeah, Bitcoin looks pretty fucking good to me right now.
full member
Activity: 191
Merit: 100
December 17, 2016, 03:42:42 AM

u would hate Fiat to the  core!



I think it is not all about I hate fiat or not. I don't like fiat, honestly speaking, but I still cannot stop using fiat.

We don't have a better choice which is also widely accepted by most people.
hero member
Activity: 2758
Merit: 617
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December 17, 2016, 02:57:31 AM
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

Why not? How do you buy things in real life? How do you make transaction with real people?
Don't you buy stuff? We do have different fiat currencies.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
December 16, 2016, 02:57:54 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
You can't say that you don't believe in fiat just because it's hard to save that. If you can't save your money it's your fault. Not a fault of that currency..
And you can't deny this you are not using fiat and only using Bitcoin. Because it is still not possible to live with only Bitcoin.


That's true, right now living only with bitcoin is not at all possible, because the acceptance and bitcoin users were very low compared to the fiat usage. The problem is not with the fiat but his money management, which is not perfect.
You got that right dude. As for now, fiat would still be the main unit of currency that people use whether we agree to it or not. Also, who said that bitcoin is also not prone to inflation? It's good that we have savings through bitcoin but definitely we can't live in today's world without fiat. Not yet that is.

Definitely!  Just imagine a scenario where you don't have any fiat money, and just bitcoin and you are in the middle of an area without a bank.  Can you buy your food with your bitcoin if the people around you have no knowledge  about bitcoin?  It is kinda sad but it is the fact.  No matter how good or how expensive bitcoin compare to the local currency, you cannot buy anything if the merchant does not know what bitcoin is.

But this scarcely has anything to do with Bitcoin as such

What you said is equally applicable to any other foreign currency (perhaps, to a lesser degree in respect to such currencies as the US dollar or Euro, but still). I don't think that you would fare much better with the Russian ruble than with Bitcoin in some backward corner somewhere amidst, say, Oklahoma or Wyoming. In fact, with bitcoins you might fare a lot better there (provided you manage to get access to Internet, of course)
copper member
Activity: 1050
Merit: 500
December 16, 2016, 01:12:45 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
You can't say that you don't believe in fiat just because it's hard to save that. If you can't save your money it's your fault. Not a fault of that currency..
And you can't deny this you are not using fiat and only using Bitcoin. Because it is still not possible to live with only Bitcoin.


That's true, right now living only with bitcoin is not at all possible, because the acceptance and bitcoin users were very low compared to the fiat usage. The problem is not with the fiat but his money management, which is not perfect.
You got that right dude. As for now, fiat would still be the main unit of currency that people use whether we agree to it or not. Also, who said that bitcoin is also not prone to inflation? It's good that we have savings through bitcoin but definitely we can't live in today's world without fiat. Not yet that is.

Definitely!  Just imagine a scenario where you don't have any fiat money, and just bitcoin and you are in the middle of an area without a bank.  Can you buy your food with your bitcoin if the people around you have no knowledge  about bitcoin?  It is kinda sad but it is the fact.  No matter how good or how expensive bitcoin compare to the local currency, you cannot buy anything if the merchant does not know what bitcoin is.
sr. member
Activity: 672
Merit: 250
December 16, 2016, 01:05:30 PM
Well well u are right too some extend .but when u come to india u will see people who only understands only fiat and nothing else .what will they do? Would u make them understand .u just cant make them understand u have to work hard a lot to make them understand .well fiat is also necessary to some extend.

Of course fiat is necessary, not just in India but everywhere in the world, because bitcoin is not yet a currency that can be used for doing anything in any corner of the world, so we don't have any other choice right now but to believe in fiat as we have to live as well and fiat helps us do that.
member
Activity: 70
Merit: 10
December 16, 2016, 11:31:44 AM
Well well u are right too some extend .but when u come to india u will see people who only understands only fiat and nothing else .what will they do? Would u make them understand .u just cant make them understand u have to work hard a lot to make them understand .well fiat is also necessary to some extend.
hero member
Activity: 1246
Merit: 529
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December 15, 2016, 07:29:29 AM
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
You can't say that you don't believe in fiat just because it's hard to save that. If you can't save your money it's your fault. Not a fault of that currency..
And you can't deny this you are not using fiat and only using Bitcoin. Because it is still not possible to live with only Bitcoin.


That's true, right now living only with bitcoin is not at all possible, because the acceptance and bitcoin users were very low compared to the fiat usage. The problem is not with the fiat but his money management, which is not perfect.
You got that right dude. As for now, fiat would still be the main unit of currency that people use whether we agree to it or not. Also, who said that bitcoin is also not prone to inflation? It's good that we have savings through bitcoin but definitely we can't live in today's world without fiat. Not yet that is.
sr. member
Activity: 1722
Merit: 252
December 15, 2016, 06:48:16 AM
I am increasingly pessimistic that fiat money is beneficial for many people, in fact the Government does not need too much set about state financial, let the market decide.


hero member
Activity: 2310
Merit: 532
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December 15, 2016, 02:37:40 AM
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
You can't say that you don't believe in fiat just because it's hard to save that. If you can't save your money it's your fault. Not a fault of that currency..
And you can't deny this you are not using fiat and only using Bitcoin. Because it is still not possible to live with only Bitcoin.


That's true, right now living only with bitcoin is not at all possible, because the acceptance and bitcoin users were very low compared to the fiat usage. The problem is not with the fiat but his money management, which is not perfect.
legendary
Activity: 1302
Merit: 1037
December 15, 2016, 02:15:20 AM
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
You can't say that you don't believe in fiat just because it's hard to save that. If you can't save your money it's your fault. Not a fault of that currency..
And you can't deny this you are not using fiat and only using Bitcoin. Because it is still not possible to live with only Bitcoin.
sr. member
Activity: 364
Merit: 250
December 15, 2016, 02:07:22 AM
With the presence of the fiat money certainly provide security guarantees and commodity prices, the role of the State is certainly much needed to fight inflation and the speculators. So, we very still believe in fiat.

LoL!  Nice joke, funniest thing in a while Smiley 

We very much need counterfeiters to ..  help maintain value of our currency!  Haha
Fiat really counterfeiter able but bitcoin is not. I am not believe in fiat can survive anymore after I knew so many weakness if we still use fiat/paper money and so many people were looking for alternative too. Thats why I believe in gold and bitcoin right now.
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!
December 14, 2016, 03:19:30 AM
With the presence of the fiat money certainly provide security guarantees and commodity prices, the role of the State is certainly much needed to fight inflation and the speculators. So, we very still believe in fiat.

LoL!  Nice joke, funniest thing in a while Smiley 

We very much need counterfeiters to ..  help maintain value of our currency!  Haha
hero member
Activity: 924
Merit: 500
December 14, 2016, 03:09:23 AM
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
Fiat is we all need and i know that we all are using fiat when we are using bitcoin where you use your bitcoin when you don't use fiat? Are you not withdrawing your bitcoin? If don't believe in fiat then don't use it .
sr. member
Activity: 532
Merit: 250
December 14, 2016, 12:14:27 AM
Never believed in fiat and never will change my opinion about fiat. Fiat is just worthless pieces of paper and it won't ever change. Fiat by definition is the currencies that are backed by nothing, except for the trust in government.

Sooner or later, fiat will collapse. Why would you trust something that is used as a tool against you, to implement a secret tax where the government can just print more money and not tell you about it, thus taxing your existing savings? Roll Eyes
full member
Activity: 224
Merit: 100
December 14, 2016, 12:05:35 AM
With the presence of the fiat money certainly provide security guarantees and commodity prices, the role of the State is certainly much needed to fight inflation and the speculators. So, we very still believe in fiat.
legendary
Activity: 2674
Merit: 1048
December 13, 2016, 11:04:24 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

Make me laugh dude.
Do you know what is FIAT?

You cannot live without that in your country, it is necessity in life, you cannot buy stuff and foods in just bticoin,
we use bitcoin to be converted to fiat one to buy things we need.
yes we will still need fiat at least for now, bitcoin need a mass adoption to equilibrate with fiat and it is not easy, not in the near future. bitcoin might projected as the future of money but considering there is slow progress id oubt we can make it soon.

so believe or not you will need fiat more than you need bitcoin, it is the fact.
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