Do you Still believe in Fiat? - page 40.

The_prodigy

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Quote from: Bitcoinpro on March 20, 2016, 04:44:23 PM

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

Fiat is all we need when we need physical money or another money because in fiat we can buy what we want in online some of website are don't really accept bitcoin as a payment method and if gove supplied housing or drugs using bitcoin it can really be happen in dark web.

Aamir1

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Quote from: danherbias07 on November 24, 2016, 09:40:38 AM

Thanks to bitcoin we got a new option if you cant trust fiat anymore. But I can say it will be living for long as long there are places that cannot be reached by technology. It will be only us who lives in cities can do it for now.

As you said bitcoin has given a new option to the ones who may don't trust fiat, but still the ones who are using bitcoin or the ones who does not believe in fiat are still using bitcoin because they need to, bitcoin is not yet used everywhere we spend fiat, so we are still compel to use fiat even if we don't believe it.

marcuslong

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Quote from: Bitcoinpro on March 20, 2016, 04:44:23 PM

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

I will always believing in fiat because im always using it everytime im selling or converting my profit bitcoin into fiat money and if there's an thing or there an website that i can use my bitcoin to buy anything i want then i don't need anymore to convert my bitcoin into fiat.

chesatochi

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Quote from: arseaboy on November 24, 2016, 10:11:47 AM

Quote from: danherbias07 on November 24, 2016, 09:40:38 AM

Thanks to bitcoin we got a new option if you cant trust fiat anymore. But I can say it will be living for long as long there are places that cannot be reached by technology. It will be only us who lives in cities can do it for now.

Indeed mate.. bitcoin will still exist in the future and so as fiat, but fiat will not be out of the picture because everyone in the world uses it, bitcoin value is also depending on fiat. Without fiat, bitcoin will be worthless.

Actually, I believe in both because I need both into my life for doing differents purpose. I need fiat for doing my groceries or otherwise I will starving to death Wink

. The bitcoins is to have the opportunity for holding value into my wallet and have a good investment for the future. Also, with bitcoins, I can transfer money oversee without much effort on my part, thank for the blockchain technology.

arseaboy

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Quote from: danherbias07 on November 24, 2016, 09:40:38 AM

Thanks to bitcoin we got a new option if you cant trust fiat anymore. But I can say it will be living for long as long there are places that cannot be reached by technology. It will be only us who lives in cities can do it for now.

Indeed mate.. bitcoin will still exist in the future and so as fiat, but fiat will not be out of the picture because everyone in the world uses it, bitcoin value is also depending on fiat. Without fiat, bitcoin will be worthless.

danherbias07

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Thanks to bitcoin we got a new option if you cant trust fiat anymore. But I can say it will be living for long as long there are places that cannot be reached by technology. It will be only us who lives in cities can do it for now.

clickerz

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Quote from: Betwrong on November 24, 2016, 09:20:29 AM

Quote from: Doms on November 22, 2016, 10:17:21 PM

As flawed as our current system is, the dependency of most everyone on fiat cannot be denied. It's hard to imagine living a day without using fiat for our daily transactions. Bitcoin, or any other crypto currency for that matter, cannot simply replace it right now. If another financial crisis happens, let us see what bitcoin's role will be and how it is going to affect its price.

If another financial crisis happens Bitcoin's price will be affected in a positive way that's for sure. When USD will be losing its value Bitcoin's price will be rising accordingly, so in other words you'd be able to buy same amount of things for your coins as before or even more. But I do agree that for now we can't live without using fiat.

That is correct, since they are buying bitcoin to park their money. Fiat will be around always since it is our currency needed in day to day lives. Still I do believe in fiat currency and also with bitcoin. Both are necessary for online and offline transaction.

Betwrong

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Quote from: Doms on November 22, 2016, 10:17:21 PM

As flawed as our current system is, the dependency of most everyone on fiat cannot be denied. It's hard to imagine living a day without using fiat for our daily transactions. Bitcoin, or any other crypto currency for that matter, cannot simply replace it right now. If another financial crisis happens, let us see what bitcoin's role will be and how it is going to affect its price.

If another financial crisis happens Bitcoin's price will be affected in a positive way that's for sure. When USD will be losing its value Bitcoin's price will be rising accordingly, so in other words you'd be able to buy same amount of things for your coins as before or even more. But I do agree that for now we can't live without using fiat.

deisik

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Quote from: mindrust on November 23, 2016, 07:07:50 AM

Fiat is a cancer. It only creates bubbles. We should have stayed with gold.

World population keeps rising and rising because of the FIAT bubble. Fiat creates artificial wealth but there is no wealth at all. People keep mating like rabbits and producing peasants for the system. And the system creates more bubbles

Gold, like Bitcoin, doesn't cut it where it matters most

The primary reason is that the amount of gold as well as the amount of bitcoins would almost never be optimal for the economy if any of them should be used as a means of payment. This directly follows from what money is basically used for, i.e. exchange of goods and consumption of services. You can balance the amount of hard currency with the needs of the economy through prices, but this balance would be static. Fiat, on the other hand, allows to create a dynamic self-balancing system. If used properly, of course

Japinat

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Quote from: drakker on November 23, 2016, 06:15:18 PM

Why would you hate fiat?Eventhough you use credit cards as payment, fiat is always at your every transactions. In my country, fiat is mostly use because only a few about bitcoins or other online currency. Eventhough we have bitcoin, we always convert it to fiat to be able to use it in our daily expenses.

You credit card is just a means to transaction but actually you will be paying your amount due in fiat or coming from your bank deposits or accounts. It is just you do not understand the origin of transaction which is all coming from fiat.

drakker

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Why would you hate fiat?Eventhough you use credit cards as payment, fiat is always at your every transactions. In my country, fiat is mostly use because only a few about bitcoins or other online currency. Eventhough we have bitcoin, we always convert it to fiat to be able to use it in our daily expenses.

Ashong Salonga

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Quote from: Bitcoinpro on March 20, 2016, 04:44:23 PM

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

Yes you should. I am currebtly using it.

Mirardowyn

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I still believe in it but I have to say that its getting less more believed than before because of all these facts that are getting throw ed lately.

Doamader

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One of the biggest problems about the fiat, its management, we dont know the ammounts being invested into anything the countrie does invest, we need fiat system to be and show as blochchain transactions, making it all clear to all know where and which ammount is being invested and into what. Without those control, politicians take advantage and steal for their purposes. I hope some day this requirement for trust gets real. Do you agree to pay 1 milion dollars for a work it should cost 100k dollars just? I doubt you can agree, when you know there are childs starving.

xIIImaL

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Quote from: mindrust on November 23, 2016, 07:07:50 AM

Fiat is a cancer. It only creates bubbles. We should have stayed with gold.

World population keeps rising and rising because of the FIAT bubble. Fiat creates artificial wealth but there is no wealth at all. People keep mating like rabbits and producing peasants for the system. And the system creates more bubbles.

Cant go on forever.

Lol what a comparison buddy. However it's right. Fiat cannot easily go from the world as it circulated and demanded worldwide for using. When the day bitcoin arises like that bitcoin will be the best money and which cannot be abolished.

Zadicar

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Quote from: sunsilk on November 23, 2016, 09:38:01 AM

Quote from: arseaboy on November 23, 2016, 09:29:10 AM

Quote from: Sanekavg13 on November 23, 2016, 02:23:56 AM

Quote from: MTBTT on November 22, 2016, 11:09:56 PM

Quote from: Doms on November 22, 2016, 10:17:21 PM

As flawed as our current system is, the dependency of most everyone on fiat cannot be denied. It's hard to imagine living a day without using fiat for our daily transactions. Bitcoin, or any other crypto currency for that matter, cannot simply replace it right now. If another financial crisis happens, let us see what bitcoin's role will be and how it is going to affect its price.

of course it will be difficult for us if we do not use fiat and just rely only use bitcoin, even I think with maybe you would not be able to eat when you're just relying using bitcoin,
bitcoin will never replace fiat

Yes, Bitcoin has taken its place. It will not displace Fiat. It will always be an alternative currency

True.. bitcoin will be in the future and most people will be able to adapt and use it for investment and regular purchases.. but it will not be replacing fiat because value of bitcoin still depends in fiat and without it, bitcoin will be worthless.

Yes it would be impossible for bitcoin to replace fiat because people are more depending to fiat. That's the use of fiat and I still do believe in it.

No matter what will be the demand of bitcoins, only the government will be able to make the changes for the replacement of it.

But so far now, we don't have choice to keep on using fiat money.

No one could able to replace fiat on its place because government do have the control of this and as we all know bitcoin cant be controlled by governmetn and they dont like that even how bitcoins would progress but still fiat will stood still and also bitcoin is getting value from fiat if it intends to replace fiat then he must surpass it on any way but i think its really impossible even on my dreams.

sunsilk

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Quote from: arseaboy on November 23, 2016, 09:29:10 AM

Quote from: Sanekavg13 on November 23, 2016, 02:23:56 AM

Quote from: MTBTT on November 22, 2016, 11:09:56 PM

Quote from: Doms on November 22, 2016, 10:17:21 PM

As flawed as our current system is, the dependency of most everyone on fiat cannot be denied. It's hard to imagine living a day without using fiat for our daily transactions. Bitcoin, or any other crypto currency for that matter, cannot simply replace it right now. If another financial crisis happens, let us see what bitcoin's role will be and how it is going to affect its price.

of course it will be difficult for us if we do not use fiat and just rely only use bitcoin, even I think with maybe you would not be able to eat when you're just relying using bitcoin,
bitcoin will never replace fiat

Yes, Bitcoin has taken its place. It will not displace Fiat. It will always be an alternative currency

True.. bitcoin will be in the future and most people will be able to adapt and use it for investment and regular purchases.. but it will not be replacing fiat because value of bitcoin still depends in fiat and without it, bitcoin will be worthless.

Yes it would be impossible for bitcoin to replace fiat because people are more depending to fiat. That's the use of fiat and I still do believe in it.

No matter what will be the demand of bitcoins, only the government will be able to make the changes for the replacement of it.

But so far now, we don't have choice to keep on using fiat money.

arseaboy

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Quote from: Sanekavg13 on November 23, 2016, 02:23:56 AM

Quote from: MTBTT on November 22, 2016, 11:09:56 PM

Quote from: Doms on November 22, 2016, 10:17:21 PM

As flawed as our current system is, the dependency of most everyone on fiat cannot be denied. It's hard to imagine living a day without using fiat for our daily transactions. Bitcoin, or any other crypto currency for that matter, cannot simply replace it right now. If another financial crisis happens, let us see what bitcoin's role will be and how it is going to affect its price.

of course it will be difficult for us if we do not use fiat and just rely only use bitcoin, even I think with maybe you would not be able to eat when you're just relying using bitcoin,
bitcoin will never replace fiat

Yes, Bitcoin has taken its place. It will not displace Fiat. It will always be an alternative currency

True.. bitcoin will be in the future and most people will be able to adapt and use it for investment and regular purchases.. but it will not be replacing fiat because value of bitcoin still depends in fiat and without it, bitcoin will be worthless.

danherbias07

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Quote from: deisik on November 23, 2016, 07:02:05 AM

Quote from: diegz on November 22, 2016, 10:59:06 PM

Quote from: Doms on November 22, 2016, 10:17:21 PM

As flawed as our current system is, the dependency of most everyone on fiat cannot be denied. It's hard to imagine living a day without using fiat for our daily transactions. Bitcoin, or any other crypto currency for that matter, cannot simply replace it right now. If another financial crisis happens, let us see what bitcoin's role will be and how it is going to affect its price.

Whaever happens, as long as the money is unchanged, and the cycle of money continues, we have no choice but to use it and believe in it. We can't say that we are not believing in fiat when in fact we are using it and we are part of the system (government). In short whatever the government give us, we should accept it, or go and try barter, if you could find one that wants to exchange their goods to yours, or worst, die in hunger. Cheesy

Using doesn't mean believing

How many people are earnestly believing in HYIPs or ICOs? I don't think many, but people are still pouring their hard earned money into them. How come? Just because they want to get profits even if they are fully aware of the risks associated with such "investments". I guess with fiat it is basically along the same lines. You have to use fiat to buy food and pay taxes. Ironically, you may use it to earn even more of it, but this doesn't necessarily mean that you should believe in it

True. Or it just became traditional and got used to it.
We learned it from our ancestors that this FIAT is one of the important thing but we dont really know why. Believing is something that you would really trust in it. Don't really want to contradict with it because I am one also who is a victim of a traditional course.

mindrust

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Fiat is a cancer. It only creates bubbles. We should have stayed with gold.

World population keeps rising and rising because of the FIAT bubble. Fiat creates artificial wealth but there is no wealth at all. People keep mating like rabbits and producing peasants for the system. And the system creates more bubbles.

Cant go on forever.

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