Do you Still believe in Fiat? - page 37.

carlisle1

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Quote from: robelneo on December 06, 2016, 10:39:51 AM

At my present situation and time I have no reason not to not believe in fiat,alwaus run in my mind how to get money in my pocket for our daily expenses and everywhere I go in what ever I do I always need fiat to accomlish what I need to do for my family,sure bitcoin did help me but I am not in a situation where I cannot exist without fiat.

same here bro, I also have no reason to not believe in fiat because we still need it everywhere for some expenses especially for transportation, and for buying foods and beverages and everything we in our daily life or even vices Grin

as bitcoin is still not yet able to use because it is also not yet accepted by most establishments .

Mastsetad

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Quote from: robelneo on December 06, 2016, 10:39:51 AM

At my present situation and time I have no reason not to not believe in fiat,alwaus run in my mind how to get money in my pocket for our daily expenses and everywhere I go in what ever I do I always need fiat to accomlish what I need to do for my family,sure bitcoin did help me but I am not in a situation where I cannot exist without fiat.

Exactly, we are not yet in the place where we could not believe fiat and use just something else like bitcoin, because we can't help but use fiat everywhere we go for doing anything, we can't pay for anything with bitcoins nor with any other crypto currency so the only option we have right now is fiat.

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At my present situation and time I have no reason not to not believe in fiat,alwaus run in my mind how to get money in my pocket for our daily expenses and everywhere I go in what ever I do I always need fiat to accomlish what I need to do for my family,sure bitcoin did help me but I am not in a situation where I cannot exist without fiat.

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Quote from: geopolisch on December 05, 2016, 02:26:38 PM

Quote from: Schuyler on December 04, 2016, 10:56:04 PM

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.

Most people are trusting bitcoin and they loving bitcoin because they getting bitcoin into it and then converting into fiat money. Why you people are contra? If you don't have enough option to spend your bitcoin then hold it save it for your future maybe bitcoin will become more famous in your country and it will be useful that your expectation.

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Quote from: mrcash02 on December 05, 2016, 04:28:15 PM

Quote from: lionheart78 on December 05, 2016, 03:44:19 PM

Quote from: deisik on December 05, 2016, 06:01:01 AM

Quote from: boyptc on December 04, 2016, 10:05:27 PM

Quote from: agamasrori on December 04, 2016, 08:55:45 PM

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

The problem here is on the merchant that will accept bitcoin. Not all places have a bitcoin ready store nor can accept a bitcoin payment cards. This is the argument of what you quoted. And in fact have a valid point,. Maybe in your place, malls and groceries are ready to accept such cards you are saying but i doubt all are accepting that kind of payment. In third world country, there are seldom. almost non-visible, stores that accept Bitcoin or Bitcoin payment cards so people who have bitcoins and want to spend it to some groceries convert their BTC first to fiat money then spend it.

Yes, that is exactly what happens. We need fiat every day, impossible to live only using Bitcoins.

At this moment, Bitcoin is most used as an investment way. People use their local currecy to buy BTCs, so they hold it for some time, make profit and exchange BTCs into fiat again. Things only will change when stores start accepting Bitcoins and (or) people start receiving their salaries in Bitcoins.

as bitcoin is created as currency to be use in all over the world having same value, but still the facilities of bitcoin are still not available in all over the world as in most of the areas bitcoin is not accepted as currency, but now people are getting awareness about bitcoin and the users of bitcoin are continuously increasing, hope a time will come when all the people of the world will be using bitcoin as currency.

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Quote from: geopolisch on December 05, 2016, 02:26:38 PM

Quote from: Schuyler on December 04, 2016, 10:56:04 PM

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.

every person is claiming that they have believe on fiat as fiat is workable from centuries and are supported by governments but I think bitcoin is going to be more stronger in terms of believe because every one is attracted to bitcoin and everyone is searching for ways to use only bitcoin in their lives.

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Quote from: lionheart78 on December 05, 2016, 03:44:19 PM

Quote from: deisik on December 05, 2016, 06:01:01 AM

Quote from: boyptc on December 04, 2016, 10:05:27 PM

Quote from: agamasrori on December 04, 2016, 08:55:45 PM

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

The problem here is on the merchant that will accept bitcoin. Not all places have a bitcoin ready store nor can accept a bitcoin payment cards. This is the argument of what you quoted. And in fact have a valid point,. Maybe in your place, malls and groceries are ready to accept such cards you are saying but i doubt all are accepting that kind of payment. In third world country, there are seldom. almost non-visible, stores that accept Bitcoin or Bitcoin payment cards so people who have bitcoins and want to spend it to some groceries convert their BTC first to fiat money then spend it.

Yes, that is exactly what happens. We need fiat every day, impossible to live only using Bitcoins.

At this moment, Bitcoin is most used as an investment way. People use their local currecy to buy BTCs, so they hold it for some time, make profit and exchange BTCs into fiat again. Things only will change when stores start accepting Bitcoins and (or) people start receiving their salaries in Bitcoins.

lionheart78

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Quote from: deisik on December 05, 2016, 06:01:01 AM

Quote from: boyptc on December 04, 2016, 10:05:27 PM

Quote from: agamasrori on December 04, 2016, 08:55:45 PM

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

The problem here is on the merchant that will accept bitcoin. Not all places have a bitcoin ready store nor can accept a bitcoin payment cards. This is the argument of what you quoted. And in fact have a valid point,. Maybe in your place, malls and groceries are ready to accept such cards you are saying but i doubt all are accepting that kind of payment. In third world country, there are seldom. almost non-visible, stores that accept Bitcoin or Bitcoin payment cards so people who have bitcoins and want to spend it to some groceries convert their BTC first to fiat money then spend it.

geopolisch

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Quote from: Schuyler on December 04, 2016, 10:56:04 PM

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.

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Quote from: Fatanut on December 05, 2016, 10:14:10 AM

Quote from: deisik on December 05, 2016, 06:01:01 AM

Quote from: boyptc on December 04, 2016, 10:05:27 PM

Quote from: agamasrori on December 04, 2016, 08:55:45 PM

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.

But what difference does it make?

In such places any payment card will be utterly useless, not just a Bitcoin one, so the point is moot on the whole. On the other hand, though, even in such godforsaken corners of the world you can still use physical bitcoins (here I refer, for example, to OpenDime devices), at least, as long as you can check the wallet balance somehow (or you just happen to trust the guy who pays you with them and vice versa)

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Quote from: deisik on December 05, 2016, 06:01:01 AM

Quote from: boyptc on December 04, 2016, 10:05:27 PM

Quote from: agamasrori on December 04, 2016, 08:55:45 PM

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.

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Quote from: deisik on December 05, 2016, 06:01:01 AM

Quote from: boyptc on December 04, 2016, 10:05:27 PM

Quote from: agamasrori on December 04, 2016, 08:55:45 PM

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

Here I would still need to convert to fiat. Withdraw btc with debit card, go to bank deposit cash money and then I can pay rent, utilities and other certain things that are only payable trough bank transfer here these days.

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Quote from: boyptc on December 04, 2016, 10:05:27 PM

Quote from: agamasrori on December 04, 2016, 08:55:45 PM

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

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Quote from: Schuyler on December 04, 2016, 10:56:04 PM

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.

We have no option but to believe in fiat because we are using it, unless if we can try to prove that we are using bitcoin on our daily activities then maybe someone will believe. But for now, it's impossible to do it so we have to rely and believe in fiat.

Schuyler

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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.

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Fiat money is backed by the fact that the government accepts its legal payment. Because the government is willing to accept it in exchange for goods and services or tax payments, their currency gains intrinsic value. The value of fiat currency is similarly arbitrary, but as long as the government can maintain its monetary system, that value will hold because that is the value the government is willing to honor. And yes i still believe in fiat money and also in bitcoin.

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Quote from: agamasrori on December 04, 2016, 08:55:45 PM

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.

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Quote from: Fireblade on December 04, 2016, 04:49:15 PM

Quote from: equator on December 04, 2016, 04:41:36 AM

Quote from: TheUltraElite on December 04, 2016, 04:34:19 AM

Quote from: SvenBomvolen on December 04, 2016, 04:20:48 AM

Quote from: coin-investor on December 01, 2016, 10:54:52 AM

Like it or not we have to believe,it's part of our system,government imposed to it's citizen,you cannot boycott it,because you're using it daily and it's why you exist in your country,you can only get it out of your system if you are alone in a jungle.

Its much easier to like it when you have it. Its a privilege to spent money every day, many of us here forgot that feeling. We use fiat to buy food, drinks and other things we need, just fiat can be used for many other things also.
With a lot of money you are out, you can buy house and you can make your own electricity, water and just with a lot of money you can be independent.

Well fiat is definitely a part of our daily payments modes and its tough for bitcoin to take away that place. The fiat will remain even if bitcoin becomes very popular. Most of the people in the world are not ready to accept bitcoin in all their payment modes and hence fiat will remain and people will believe in it.

One more point is what and all you can do with fiat currency that you cannot do in bitcoin in current situation. Still their are so many country where Bitcoin is not recognized or cannot do anything with bitcoin in real life. Like in my country still cannot do anything with bitcoin as it is not accepted anywhere in out country the only option is to convert it to fiat currency and enjoy it. So for us Bitcoin is a investment like gold and silver for future benefit

but i think now the situation is changing day by day, now you can use bitcoin in local shops in most areas, as the local shopkeepers accept bitcoin for shopping, i still in your area you have no such facilities you should use it for online shopping, on other side it is still good that you can covert your bitcoin into fiat, you can use the profit of bitcoin in form of your fiat currency.

Currently that's what is happening, we earn bitcoins and convert it in fiat. The reason is we do not have the same experience of convenience in spending our bitcoin online since we are not living in the same countries.There are countries that accept bitcoin but they are mostly the rich country. As long as we can enjoy and there's no problem with converting into fiat, this two can work and progress together.

agamasrori

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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.

Fireblade

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Quote from: equator on December 04, 2016, 04:41:36 AM

Quote from: TheUltraElite on December 04, 2016, 04:34:19 AM

Quote from: SvenBomvolen on December 04, 2016, 04:20:48 AM

Quote from: coin-investor on December 01, 2016, 10:54:52 AM

Like it or not we have to believe,it's part of our system,government imposed to it's citizen,you cannot boycott it,because you're using it daily and it's why you exist in your country,you can only get it out of your system if you are alone in a jungle.

Its much easier to like it when you have it. Its a privilege to spent money every day, many of us here forgot that feeling. We use fiat to buy food, drinks and other things we need, just fiat can be used for many other things also.
With a lot of money you are out, you can buy house and you can make your own electricity, water and just with a lot of money you can be independent.

Well fiat is definitely a part of our daily payments modes and its tough for bitcoin to take away that place. The fiat will remain even if bitcoin becomes very popular. Most of the people in the world are not ready to accept bitcoin in all their payment modes and hence fiat will remain and people will believe in it.

One more point is what and all you can do with fiat currency that you cannot do in bitcoin in current situation. Still their are so many country where Bitcoin is not recognized or cannot do anything with bitcoin in real life. Like in my country still cannot do anything with bitcoin as it is not accepted anywhere in out country the only option is to convert it to fiat currency and enjoy it. So for us Bitcoin is a investment like gold and silver for future benefit

but i think now the situation is changing day by day, now you can use bitcoin in local shops in most areas, as the local shopkeepers accept bitcoin for shopping, i still in your area you have no such facilities you should use it for online shopping, on other side it is still good that you can covert your bitcoin into fiat, you can use the profit of bitcoin in form of your fiat currency.

Topic: Do you Still believe in Fiat? - page 37. (Read 75164 times)