Fiat is a scam and everyone in the Cryptcurrency community knows it. What is telling for me that Fiat is being phased out and will be even more restricted is the move by Government agencies across the globe to eliminate large sum notes such as the 50 & 100 dollar bill in the US.
I believe India just eliminate their large denomination notes as well.
Fiat is pretty paper but an ugly currency.
Topic: Do you Still believe in Fiat? - page 36. (Read 75164 times)
I am not believe in fiat/paper money anymore becouse I know if we use fiat our economy can crash only in few day like what happen in asean at 1997.
So what are you using to buy your families grocery, for paying your utility bills and for paying everything you want to purchase. Don't tell me that you are using bitcoin for all of that because we know that there are still a lot of stores that are not yet accepting bitcoin. Because we don't have choice but to keep on believing and using fiat.
You are uninformed at best and misinformed at worst
If you order one of the numerous Bitcoin payment cards, you can use it pretty much in the same way you use fiat money. That is, to buy your groceries, pay your utility bills or purchase anything you may ever want to purchase. So I have no other option but to tell you exactly that, namely, that you do have choice whether to keep on using fiat or switch bitcoins. Though it may just not make much sense to spend your precious bitcoins on everyday expenses, but this is another story
That stands true in first world countries but in most places in third world countries, it's quite hard to use your credit card/bitcoin card/ATM card to buy stuffs. Fiat is still the one that you should use (there's no other option). I'm talking about places that do not have malls. It's usually just places in the city and in malls that accepts payment directly from your card. I've also seen people (from movies) using their smartphone + some additional device to swipe your card. I've never seen anything like that in my place, honestly.
I don't trust fiat but that's right, there are so many countries/places where you can't pay by using ATM cards moreover bitcoin payment cards (they don't know what bitcoin is) you need fiat money obviously. Until bitcoin become a famous medium of exchange in every corner of the world, we still have to use fiat. In my place there is no any merchant that accepted bitcoin except online stores but the choice is very limited now, so I just saving my bitcoin in case of usefulness in the future or if I travel to first world countries such as in Europe, UK, US or Brazil.
Well we need to accept the fact that bitcoin is not yet adopted worldwide that's why we don't have choice but to keep on using fiat money unless you are living to a place where people are fully adopting bitcoin, but I don't know if there is a place like that. And in third world countries, there are still a lot of people who are doubting about bitcoins or things about crypto.
you are absolutely right. About Bitcoin knows very few people. Only a few percent of the total world population. But Fiat everyone knows. That is why it is urgent for a long time
I am not believe in fiat/paper money anymore becouse I know if we use fiat our economy can crash only in few day like what happen in asean at 1997.
So what are you using to buy your families grocery, for paying your utility bills and for paying everything you want to purchase. Don't tell me that you are using bitcoin for all of that because we know that there are still a lot of stores that are not yet accepting bitcoin. Because we don't have choice but to keep on believing and using fiat.
You are uninformed at best and misinformed at worst
If you order one of the numerous Bitcoin payment cards, you can use it pretty much in the same way you use fiat money. That is, to buy your groceries, pay your utility bills or purchase anything you may ever want to purchase. So I have no other option but to tell you exactly that, namely, that you do have choice whether to keep on using fiat or switch bitcoins. Though it may just not make much sense to spend your precious bitcoins on everyday expenses, but this is another story
That stands true in first world countries but in most places in third world countries, it's quite hard to use your credit card/bitcoin card/ATM card to buy stuffs. Fiat is still the one that you should use (there's no other option). I'm talking about places that do not have malls. It's usually just places in the city and in malls that accepts payment directly from your card. I've also seen people (from movies) using their smartphone + some additional device to swipe your card. I've never seen anything like that in my place, honestly.
I don't trust fiat but that's right, there are so many countries/places where you can't pay by using ATM cards moreover bitcoin payment cards (they don't know what bitcoin is) you need fiat money obviously. Until bitcoin become a famous medium of exchange in every corner of the world, we still have to use fiat. In my place there is no any merchant that accepted bitcoin except online stores but the choice is very limited now, so I just saving my bitcoin in case of usefulness in the future or if I travel to first world countries such as in Europe, UK, US or Brazil.
Well we need to accept the fact that bitcoin is not yet adopted worldwide that's why we don't have choice but to keep on using fiat money unless you are living to a place where people are fully adopting bitcoin, but I don't know if there is a place like that. And in third world countries, there are still a lot of people who are doubting about bitcoins or things about crypto.
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I dont think that many people believe in a fiat as you had put it. They are just forced to use it by taxes and by a force of neccesity. Those who thinks fiat is awesome just fit into a cathegory of a stockholm syndrom victims.
Well, That's the ugly fact in this world. But, Many people also just use the available and the easiest one and not going to move for better economy (Though, i don't sure if believing in bitcoin would increase their economy) Maybe because of only fiat which could cover all offline activities while bitcoin can't. there's no one who willing to carry gold and weigher everywhere 
Majority of the Bitcoin community still seems to believe in fiat because Bitcoin's value is still being measured by fiat price.
You can't say that with certainty
I could just as easily claim that people believe more in Bitcoin than fiat, and they measure fiat in bitcoins, not the other way round. On the other hand, since we still have to use fiat for our everyday expenses as well as taxes, we have to use fiat even if that means we have to sell some bitcoins for fiat. As you can see, such arguments are double-edged and they readily cut both ways at that
Yes, Fiat is still necessary for our life. Without it will not work fully exist in the state. I believe in Bitcoin and fiat.
Majority of the Bitcoin community still seems to believe in fiat because Bitcoin's value is still being measured by fiat price.
You can't say that with certainty
I could just as easily claim that people believe more in Bitcoin than fiat, and they measure fiat in bitcoins, not the other way round. On the other hand, since we still have to use fiat for our everyday expenses as well as taxes, we have to use fiat even if that means we have to sell some bitcoins for fiat. As you can see, such arguments are double-edged and they readily cut both ways at that
Majority of the Bitcoin community still seems to believe in fiat because Bitcoin's value is still being measured by fiat price.
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.
I dont think that many people believe in a fiat as you had put it. They are just forced to use it by taxes and by a force of neccesity. Those who thinks fiat is awesome just fit into a cathegory of a stockholm syndrom victims.
I am not believe in fiat/paper money anymore becouse I know if we use fiat our economy can crash only in few day like what happen in asean at 1997.
So what are you using to buy your families grocery, for paying your utility bills and for paying everything you want to purchase. Don't tell me that you are using bitcoin for all of that because we know that there are still a lot of stores that are not yet accepting bitcoin. Because we don't have choice but to keep on believing and using fiat.
You are uninformed at best and misinformed at worst
If you order one of the numerous Bitcoin payment cards, you can use it pretty much in the same way you use fiat money. That is, to buy your groceries, pay your utility bills or purchase anything you may ever want to purchase. So I have no other option but to tell you exactly that, namely, that you do have choice whether to keep on using fiat or switch bitcoins. Though it may just not make much sense to spend your precious bitcoins on everyday expenses, but this is another story
That stands true in first world countries but in most places in third world countries, it's quite hard to use your credit card/bitcoin card/ATM card to buy stuffs. Fiat is still the one that you should use (there's no other option). I'm talking about places that do not have malls. It's usually just places in the city and in malls that accepts payment directly from your card. I've also seen people (from movies) using their smartphone + some additional device to swipe your card. I've never seen anything like that in my place, honestly.
I don't trust fiat but that's right, there are so many countries/places where you can't pay by using ATM cards moreover bitcoin payment cards (they don't know what bitcoin is) you need fiat money obviously. Until bitcoin become a famous medium of exchange in every corner of the world, we still have to use fiat. In my place there is no any merchant that accepted bitcoin except online stores but the choice is very limited now, so I just saving my bitcoin in case of usefulness in the future or if I travel to first world countries such as in Europe, UK, US or Brazil.
I am not believe in fiat/paper money anymore becouse I know if we use fiat our economy can crash only in few day like what happen in asean at 1997.
So what are you using to buy your families grocery, for paying your utility bills and for paying everything you want to purchase. Don't tell me that you are using bitcoin for all of that because we know that there are still a lot of stores that are not yet accepting bitcoin. Because we don't have choice but to keep on believing and using fiat.
You are uninformed at best and misinformed at worst
If you order one of the numerous Bitcoin payment cards, you can use it pretty much in the same way you use fiat money. That is, to buy your groceries, pay your utility bills or purchase anything you may ever want to purchase. So I have no other option but to tell you exactly that, namely, that you do have choice whether to keep on using fiat or switch bitcoins. Though it may just not make much sense to spend your precious bitcoins on everyday expenses, but this is another story
That stands true in first world countries but in most places in third world countries, it's quite hard to use your credit card/bitcoin card/ATM card to buy stuffs. Fiat is still the one that you should use (there's no other option). I'm talking about places that do not have malls. It's usually just places in the city and in malls that accepts payment directly from your card. I've also seen people (from movies) using their smartphone + some additional device to swipe your card. I've never seen anything like that in my place, honestly.
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.
If I don't believe in fiat, I have no better option. It is still the globally accepted form of currency, so unless something comes out to replace, then I would just go with the flow. It might take a while for something like that to happen, or something earth-shaking to turn our backs from fiat, as we know it.
You reflect the common scenario of most of the people here. I love bitcoins but still I believe in fiats and use them for my life just due to the reason of not having enough option to spend bitcoins in my country. I like switch over to bitcoins and to leave off fiats completely. Maybe it come possible in near future.But since there are no such banks and not many shops that accept bitcoins ( no shop accept btc where I live ) so we have tom rely on fiat until a new revoultion takes btc to each and every store.
Yes I still believe in the fiat and the fact is also that the bitcoin has to use it so its pretty logical, even the bitcoin itself should trust it because its important for its future!
Yes I am also same, fiat will indeed always used and there may be omitted, on the one factor the fiat could protect the national economy of a country because without the government control could make the economy is broken and eliminate the trust of the citizens for the government.
Yes I still believe in the fiat and the fact is also that the bitcoin has to use it so its pretty logical, even the bitcoin itself should trust it because its important for its future!
I still believe in the fiat of course, the bitcoin will never replace this in my eyes due to the fact Fiat is way too big
If I don't believe in fiat, I have no better option. It is still the globally accepted form of currency, so unless something comes out to replace, then I would just go with the flow. It might take a while for something like that to happen, or something earth-shaking to turn our backs from fiat, as we know it.
why you not belive about fiat money
until now never replace position fiat money
so if you want buy something in supermaket in your country, what do you use to buy ? without fiat money, if use credit card , you can't use credit card if you buy in traditional market
Well considering the situation, i do believe in fiat even though there are lots of negative things that is said in here. The fact that we are using it and have value to buy goods in the store, only means fiat exist and still existing . It has value and has a power to buy anything that have price in it. I don't know what is the others people reason to not believe in Fiat.
Why would you hate fiat?In fact, bitcoin has no value withouth fiat. One question is, would you prefer to recieve bitcoin eventhough bitcoin has no prize or value in fiat? I think you did not understand it well. Fiat is highly important because in the first place we use fiat since our childhood. Our gandparents use it in order for us to live. New technologies emerges but still, fiat is the most or common way to buy something eventhough you are the richiest man or people in thr planet.
What makes you think that Bitcoin has no value without fiat?
And which fiat exactly? There are around 200 countries on the planet, and almost all of them have some kind of fiat currency. Would Bitcoin have no value if there were no more dollars around? If so, what about the Chinese exchanges where Bitcoin is traded in huge amounts exclusively for the Chinese Yuan? Should we say then that the latter has no value without the US dollar either? If we can't say that, how can we at the same time claim that Bitcoin depends on whatever fiat?
You're right. The deaths of one or a number of fiat currencies would only boost the value of Bitcoin. Fiat economy is all connected and when a reserve currency loses value it crashes the other markets. Bitcoin is independent and turmoils in fiat markets only affect it short-term.
Why would you hate fiat?In fact, bitcoin has no value withouth fiat. One question is, would you prefer to recieve bitcoin eventhough bitcoin has no prize or value in fiat? I think you did not understand it well. Fiat is highly important because in the first place we use fiat since our childhood. Our gandparents use it in order for us to live. New technologies emerges but still, fiat is the most or common way to buy something eventhough you are the richiest man or people in thr planet.
What makes you think that Bitcoin has no value without fiat?
And which fiat exactly? There are around 200 countries on the planet, and almost all of them have some kind of fiat currency. Would Bitcoin have no value if there were no more dollars around? If so, what about the Chinese exchanges where Bitcoin is traded in huge amounts exclusively for the Chinese Yuan? Should we say then that the latter has no value without the US dollar either? If we can't say that, how can we at the same time claim that Bitcoin depends on whatever fiat?
Why would you hate fiat?In fact, bitcoin has no value withouth fiat. One question is, would you prefer to recieve bitcoin eventhough bitcoin has no prize or value in fiat? I think you did not understand it well. Fiat is highly important because in the first place we use fiat since our childhood. Our gandparents use it in order for us to live. New technologies emerges but still, fiat is the most or common way to buy something eventhough you are the richiest man or people in thr planet.
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