Do you Still believe in Fiat? - page 35.

jossiel

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Quote from: swogerino on December 11, 2016, 10:12:24 AM

Fiat to me is a dead way to make transactions for goods and services.
But the concept of is still viable. You just have to formulate it to work with bitcoin.
Such as using btc coins to transmit your purchases and transactions for instance.

What do you mean by dead way? For me fiat is the most popular way of using to purchase everything we need because bitcoin is not yet worldwide accepted.

But if bitcoin will be accepted by almost all people in the world for sure no one will ever believed fiat and we will all shift into bitcoins or crypto currency.

And for the meanwhile let's just keep on supporting bitcoins and as well as fiat because we still need it.

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Fiat to me is a dead way to make transactions for goods and services.
But the concept of is still viable. You just have to formulate it to work with bitcoin.
Such as using btc coins to transmit your purchases and transactions for instance.

Igor M

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Quote from: deisik on December 11, 2016, 09:50:28 AM

Quote from: clickerz on December 11, 2016, 09:16:01 AM

Quote from: boyptc on December 11, 2016, 08:29:33 AM

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.

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Quote from: clickerz on December 11, 2016, 09:16:01 AM

Quote from: boyptc on December 11, 2016, 08:29:33 AM

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

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Quote from: Positid on December 11, 2016, 09:31:29 AM

Quote from: clickerz on December 11, 2016, 09:16:01 AM

Quote from: boyptc on December 11, 2016, 08:29:33 AM

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.

Fiat is very important to all of us even users of bitcoin, the fact is we cannot live without fiat but we can live without bitcoin. That is something we should put in our mind and we have to remain realistic in life despite of the great progress of bitcoin. Bitcoin will only be an alternative currency and will not replace fiat in the position.

As time goes on, bitcoin will be used by more people. So if it becomes the major currency, people can use it instead of fiat.

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Quote from: clickerz on December 11, 2016, 09:16:01 AM

Quote from: boyptc on December 11, 2016, 08:29:33 AM

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.

Fiat is very important to all of us even users of bitcoin, the fact is we cannot live without fiat but we can live without bitcoin. That is something we should put in our mind and we have to remain realistic in life despite of the great progress of bitcoin. Bitcoin will only be an alternative currency and will not replace fiat in the position.

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Quote from: boyptc on December 11, 2016, 08:29:33 AM

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.

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Maybe it is not a bad reason to don't believe in Fiat because Fiat money is the source of one country's success. Also whether you are rich or not we all depend on what currency is the government regulating in our country. Honestly Fiat currency is the one that can control the economy of one country, over printing of it can lead to price depreciation and inflation and vice versa, that is how strongly it can affect a country.

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Quote from: boyptc on December 11, 2016, 08:29:33 AM

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.

People being somewhat forced to use fiat currencies around the world does not mean they are believing in it. I personally can't believe in something that is only going down in value, where banks and governments have you locked into their system, etc. I use it because it's a necessity, but not out of believe. That's why I am very thankful for the store of value feature that Bitcoin is offering me. For the first time I can fully avoid dealing with banks and governments and whatever other entity. That's a fantastic feeling. I am quite sure that the store of value feature will become Bitcoin's main selling point because of what I have mentioned.

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Quote from: Cactushrt on December 11, 2016, 06:14:53 AM

Quote from: Text on December 08, 2016, 03:58:14 AM

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.

Cactushrt

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Quote from: Text on December 08, 2016, 03:58:14 AM

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.

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Quote from: Mr. Legendaris on December 09, 2016, 06:40:45 AM

I still believe in fiat, if too free can make chaos. Not all prices are determined by the market, sometimes the Government should be able to control and intervention.

i think most of the people still believe on fiat, as fiat is the basic currency of every state, whereas bitcoin is still not too much popular everywhere bitcoin still need introduction, so that people know about the importance of bitcoin and start using it.

virasog

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Quote from: Text on December 08, 2016, 03:58:14 AM

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.

Off course, we should believe on fiat, fiat is a basically currency which we are using in all our matters, and it is useless talk that if bitcoin, i mean any crypto currency has come than it doesn't mean that we have no believe on fiat currency. Also fiat currency has no comparison with crypto currency. Both have different ways, but still fiat is better way than crypto.

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Quote from: simpler2016 on December 09, 2016, 05:41:50 AM

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

While I don't believe in fiat I have to go along with the scam because everything I own is paid for and is valued in fiat. Most of us are screwed, you have the right idea with saving crypto, I do too and precious metals.

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Quote from: GregH37 on December 09, 2016, 08:23:50 AM

Quote from: sportis on December 09, 2016, 08:04:40 AM

Digital assets are based on internet. Till now only 40% of world population have access to it. More over internet only will not persuade people use bitcoins in everyday transactions. Education and information is a very good start but for older people it is not enough. IMO next or after next generation will not believe in fiat currency anymore.

You are right, but I expect that to happen within our generation itself. Because the rapid adoption of new technologies like mobile phone and spread out of Internet are assuring this. Technologies are usually getting spread more easily. So people will easily switch over to digital payment system and will forget fiats.

not so fast people can not refuse from a centralized exchange. Too few people know about it. Infrastructure is also not yet ready for it. Yes, in the future people will use digital currency and forget about paper money. But this will not happen soon

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Quote from: sportis on December 09, 2016, 08:04:40 AM

Digital assets are based on internet. Till now only 40% of world population have access to it. More over internet only will not persuade people use bitcoins in everyday transactions. Education and information is a very good start but for older people it is not enough. IMO next or after next generation will not believe in fiat currency anymore.

You are right, but I expect that to happen within our generation itself. Because the rapid adoption of new technologies like mobile phone and spread out of Internet are assuring this. Technologies are usually getting spread more easily. So people will easily switch over to digital payment system and will forget fiats.

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Digital assets are based on internet. Till now only 40% of world population have access to it. More over internet only will not persuade people use bitcoins in everyday transactions. Education and information is a very good start but for older people it is not enough. IMO next or after next generation will not believe in fiat currency anymore.

Mr. Legendaris

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I still believe in fiat, if too free can make chaos. Not all prices are determined by the market, sometimes the Government should be able to control and intervention.

simpler2016

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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

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It's not about believing in it but it's because of not having any choice or other alternative that we use it and hence looked upon as being believing in it. If we had some other better, globally and widely accepted alternative which also had the value as much as the fiat has today we wouldn't even be using it this much.

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