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Topic: Do you Still believe in Fiat? - page 34. (Read 75146 times)

hero member
Activity: 756
Merit: 500
December 13, 2016, 10:13:44 PM
No I don't believe, and I believe much less in the currency of my country... this is the interesting point because the cause of my 'dislike' is the lack of responsability from the goverment and instead of asking for the removal of government and for a 'free market', people are always pointing the responsible and finding the soluciton in the same figure, and that's totally nonsense. That's why I don't believe in fiat money and I believe tightly in Bitcoin.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
December 13, 2016, 01:33:31 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.

But he is right, depending the country it's unprofitable to have all the money in fiat. The inflation and the taxes are eating each little part of your fiat. Unfortunelly we can't abandon fiat to use only bitcoin and another crypto currencies, but if it would be possible I'd use only bitcoins to live. The food would be cheaper, stuff would be cheaper and more accessible to all.
member
Activity: 70
Merit: 10
December 13, 2016, 01:10:39 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.
sr. member
Activity: 630
Merit: 267
Just follow the rules
December 13, 2016, 12:07:15 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
Why or why should not? Fiat is we all need when we are converting our bitcoin to use into a physical things fiat is really unprofitable because it by choice if people choose fiat to exchange there bitcoins to cover up our expenses in daily why don't you believe fiat? And i know you are using fiat.
hero member
Activity: 518
Merit: 500
December 13, 2016, 11:25:52 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, we are all using fiat so definitely we believe in it as well. We cannot live without fiat as it's a necessity so be realistic man.
We are all using FIAT because the government force us to do so. Our life dependents on government and we can not do anything else. You must accept the reality that the government controls us. You can not go to the supermarket and buy an item with gold. Laws do not accept that. Bitcoin is different. Bitcoin is the key leading us to freedom, to the life where there aren't any government and we do not depend on them anymore
hero member
Activity: 882
Merit: 500
December 13, 2016, 11:10:50 AM
the answer is obvious , if u never got into the

property cycle or dont have the uber high paying

job or welfare Queen status with Gov supplied housing

or lastly deal drugs,

u would hate Fiat to the  core!

the endless print cycle is a joke  Cheesy

In actual I am not trusting fiat because I got deceived by many fiat .
I bought some fiat at price of 1satoshi but the price of that fiat never became high and  I find a news that now , no one owner of that particular currency .
So I think we can trust much for Bitcoin but in fiat we should careful before making trade .
hero member
Activity: 1078
Merit: 514
December 13, 2016, 10:24:55 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
And to keep all of your money in bitcoins is not dangerous?
It's even more dangerous, cause if you keep your money in the bank and in the case of it's grabbing the government/police will bring your money back or at least part of it. But holding your money on the intervener and in the case of hacking - nobody will bring you money.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
December 13, 2016, 12:33:38 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, we are all using fiat so definitely we believe in it as well. We cannot live without fiat as it's a necessity so be realistic man.
full member
Activity: 181
Merit: 100
December 12, 2016, 04:14:42 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
legendary
Activity: 2954
Merit: 1153
December 12, 2016, 02:57:16 PM
I still believe in fiat of course because I use it in daily transactions such as buying and selling goods or products. Fiat is the primary currency now and then. It will not be replaced by other projects because it is easy to use. Even there will be new payment methods now and in the future, fiat would still exist.
Same with you i think everyone is still believing in fiat because of daily transactions like buying in the market. Bitcoins cant replace fiat but no one knows in future bitcoin would dissappear many years from now but hopefully not.

We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

I agree fiat had been around for centuries, and it is still used in daily lives.  It is backed up by our government and government testify that it is real and has value.  Even if bitcoin is higher in price value, we can't deny the fact that bitcoin will never replace fiat .  Because the government will never allow it.



I'm using fiat everyday in my life too, but it doesn't mean I believe on fiat.
Don't you see how the value of fiat constantly decrease from time to time? 10 years ago, I used to bought 15 pencils with $1 but now only 3-5 pencils I could get with same amount of money. Moreover, if government screw up and economics/financial occurs then inflation make fiat value continue to decline significantly like what happens in Venezuela right now, do you still believe in fiat?

Lol the fact that you are using it defines it all, you may not have faith in it but you believe in it.  because once you don't believe on something you will stop using it.  Applies to all things like cooking oil, soap, brand of toothbrush etc.  It does not matter if fiat money is increasing or decreasing and actually you don't need to explain anything, action is better than word so they say  Smiley
hero member
Activity: 798
Merit: 506
December 12, 2016, 02:53:02 PM
I still believe in fiat of course because I use it in daily transactions such as buying and selling goods or products. Fiat is the primary currency now and then. It will not be replaced by other projects because it is easy to use. Even there will be new payment methods now and in the future, fiat would still exist.
Same with you i think everyone is still believing in fiat because of daily transactions like buying in the market. Bitcoins cant replace fiat but no one knows in future bitcoin would dissappear many years from now but hopefully not.

We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

I agree fiat had been around for centuries, and it is still used in daily lives.  It is backed up by our government and government testify that it is real and has value.  Even if bitcoin is higher in price value, we can't deny the fact that bitcoin will never replace fiat .  Because the government will never allow it.

I'm using fiat everyday in my life too, but it doesn't mean I believe on fiat.
Don't you see how the value of fiat constantly decrease from time to time? 10 years ago, I used to bought 15 pencils with $1 but now only 3-5 pencils I could get with same amount of money. Moreover, if government screw up and economics/financial occurs then inflation make fiat value continue to decline significantly like what happens in Venezuela right now, do you still believe in fiat?
legendary
Activity: 2884
Merit: 1258
Up to 300% + 200 FS deposit bonuses
December 12, 2016, 02:05:06 PM
I still believe in fiat of course because I use it in daily transactions such as buying and selling goods or products. Fiat is the primary currency now and then. It will not be replaced by other projects because it is easy to use. Even there will be new payment methods now and in the future, fiat would still exist.
Same with you i think everyone is still believing in fiat because of daily transactions like buying in the market. Bitcoins cant replace fiat but no one knows in future bitcoin would dissappear many years from now but hopefully not.

We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

I agree fiat had been around for centuries, and it is still used in daily lives.  It is backed up by our government and government testify that it is real and has value.  Even if bitcoin is higher in price value, we can't deny the fact that bitcoin will never replace fiat .  Because the government will never allow it.
hero member
Activity: 1218
Merit: 557
December 12, 2016, 01:56:30 PM
Fiat Currency will never disappear  but its usability will reduce with time because Bitcoin and the other crypto currencies, are growing fast and will conquer the world soon. The technology is useful and will be used going forward but fiat will certainly be still be there as btc is not used by every country as of now.
hero member
Activity: 1666
Merit: 701
December 11, 2016, 07:31:18 PM
I do. how can I disbelieve fiat while it is kind of money used in my country? bitcoin is not legal and used by a few people only. so I cannot change fiat I got with bitcoin. that's why I still believe in fiat because I have to. I find no other way.
hero member
Activity: 672
Merit: 500
December 11, 2016, 05:13:26 PM
I still believe in fiat of course because I use it in daily transactions such as buying and selling goods or products. Fiat is the primary currency now and then. It will not be replaced by other projects because it is easy to use. Even there will be new payment methods now and in the future, fiat would still exist.
Same with you i think everyone is still believing in fiat because of daily transactions like buying in the market. Bitcoins cant replace fiat but no one knows in future bitcoin would dissappear many years from now but hopefully not.
Yes fiat is a primary and governments supported currency but with that we cannot say that bitcoin can disappear any time in the future because bitcoin is in the control of those people who have their money in it so they will not want to harm or disappear their bitcoin and their money.
hero member
Activity: 490
Merit: 500
December 11, 2016, 05:11:57 PM
I don't believe in centralized institutions, and centralized institutions are those who control fiat currencies. People do not understand that governments can print money at the rate they think it's necessary, this makes many people see their own money lose value over time.
legendary
Activity: 1148
Merit: 1097
Bounty Mngr & Article Writer https://goo.gl/p4Agsh
December 11, 2016, 05:10:27 PM
For as long as the popularity of Bitcoin is not that know to many people, so fiat currency is still very much in use because that is what you or we use in purchase of our day to day needs and also use in paying utility bills because most people believe in physical cash and as you know Bitcoin is digital currency for this reason i still believe in fiat and what ever you ear from bitcoin must be converted real currency.
Yes that is a fact that the number of bitcoin users are not as good, as majority of people do not know about bitcoin. That is the reason there are not sufficient bitcoin acceptance which leads people are still believing into fiats. When bitcoin user base grows, and bitcoin will be accepted everywhere people will forget fiats.

I think it will never be forgotten. As for me I based the value of bitcoin in our fiat, in every transaction or services I did I always do a conversion on what it will be on our currency . Though I'm always hoping that btc can be on used on purchasing everyday needs and can be use anywhere for a hassle free transactions.
hero member
Activity: 1092
Merit: 523
December 11, 2016, 05:00:56 PM
For as long as the popularity of Bitcoin is not that know to many people, so fiat currency is still very much in use because that is what you or we use in purchase of our day to day needs and also use in paying utility bills because most people believe in physical cash and as you know Bitcoin is digital currency for this reason i still believe in fiat and what ever you ear from bitcoin must be converted real currency.
Yes that is a fact that the number of bitcoin users are not as good, as majority of people do not know about bitcoin. That is the reason there are not sufficient bitcoin acceptance which leads people are still believing into fiats. When bitcoin user base grows, and bitcoin will be accepted everywhere people will forget fiats.
hero member
Activity: 686
Merit: 500
December 11, 2016, 03:55:19 PM
I do not believe in fiat. Almost all of my savings I keep in cryptocurrency. When I need a Fiat, I convert the required amount
Those people who know the importance of bitcoin they are investing their all possible resources into bitcoins, they use bitcoin for dual purposes, one as investment and second as currency, as bitcoin is a universal currency having same value everywhere therefore it is more convenient to use as compare to fiat currency when you are traveling across countries.
hero member
Activity: 2520
Merit: 568
Payment Gateway Allows Recurring Payments
December 11, 2016, 02:56:33 PM

We don't have choice but to keep on believing in fiat for this is being used as universal currency all over the world. And its true that bitcoin is not able to replace fiat money if we are going to look with today's standing of bitcoin.

Both fiat and bitcoin has their own purpose. Bitcoin as a virtual currency  while fiat is used in our daily transaction offline.Still fiat is important as most people are not still connected or transacting online.

With Bitcoin banks, the problem with offline Bitcoin transactions could be solved

Banks might issue Bitcoin certificates fully exchangeable by the bearer for real bitcoins. These certificates, which could be loosely called as paper bitcoins, might be used instead of paper fiat to make offline transactions. That would efficiently and effectively solve the problem of using bitcoins offline as long as the amount of paper bitcoins matches the amount of real bitcoins that the banks have in their wallets
I believe we`ll see soon the agony of traditional banking system. And also the agony of fiat money. Banks will be killed by p2p platforms such as Lending Club etc. And platforms like wavesplatform will provide to everyone the ability to issue his own crypto assets.

I don't think that banks will be killed by p2p platforms. Banks will remain forever as the government told so, and not just because of the good system of p2p is making the people convenient and save a lot of money. Still we are not the ones who will decide if this is going to stay. Even if all of us will shift to p2p still fiat and banking system will remain.
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