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Topic: Do you Still believe in Fiat? - page 59. (Read 75164 times)

hero member
Activity: 756
Merit: 501
July 25, 2016, 06:10:42 PM
The problem isnt the fiat itself but the people who manage the country, fiat has been active several years already, and it works, well,but there are soo many rules around, something that bitcoin hasnt, rules.
hero member
Activity: 658
Merit: 500
July 25, 2016, 06:02:18 PM
i actually dont believe in fiat any more, in my opinion it is better to just go onto bitcoins and use it for money only, fiat is a really bad thing in my opinion
hero member
Activity: 1106
Merit: 638
July 25, 2016, 03:29:37 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


So the middle class should all hate fiat?

Perhaps, but it seems like a stretch. Most us get paid in fiate - whether we're paid loads or less. We shouldn't hate it too much, no?
sr. member
Activity: 448
Merit: 250
July 25, 2016, 02:37:36 PM
If you use fiat in your daily life like most of the world, then it does not matter you believe in it or not. because it remains as a fact that fiat means the most trusted money payment nowadays.


Fiat is not the trusted kind of payment nowadays , I corrected your sentences because it doesnt make sense at all. Fiat is much more convenience in your daily life that is all, although it is not really convenience if you are going to purchase something overbroad, it will be too much of work of course

Lol who told you that? Instead of tell bs here, investigate what you say. Fiat is the most safe way to make payments. If you get your money out of an ATM, there is literately 0 risk for you.
hero member
Activity: 1414
Merit: 574
July 25, 2016, 12:33:02 PM
If you use fiat in your daily life like most of the world, then it does not matter you believe in it or not. because it remains as a fact that fiat means the most trusted money payment nowadays.


Fiat is not the trusted kind of payment nowadays , I corrected your sentences because it doesnt make sense at all. Fiat is much more convenience in your daily life that is all, although it is not really convenience if you are going to purchase something overbroad, it will be too much of work of course
sr. member
Activity: 434
Merit: 250
Young but I'm not that bold
July 25, 2016, 09:53:01 AM
If you use fiat in your daily life like most of the world, then it does not matter you believe in it or not. because it remains as a fact that fiat means the most trusted money nowadays.
full member
Activity: 210
Merit: 100
July 25, 2016, 09:28:02 AM
Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

Yup fiat will exist forever and I don't see it going anywhere as majority of people prefer to use fiat as its easy and simple to spend it as it is accepted everywhere.
Fiat won't always be there because our system is changing, long ago we thnk that barter is the best way  to transact then we changed it to fiat then you will hope soon that we will have a modern way of transaction which will be done thru digital payment, which best suits bitcoin.
hero member
Activity: 910
Merit: 1000
July 25, 2016, 08:44:43 AM
Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

Yup fiat will exist forever and I don't see it going anywhere as majority of people prefer to use fiat as its easy and simple to spend it as it is accepted everywhere.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
July 25, 2016, 08:40:23 AM
Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
July 25, 2016, 08:00:32 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


Money are not a religion.I don`t have to "believe" in them.

People don`t have a choice and use fiat money.It doesn`t matter if they like it or not.

Money is not a religion but you are still required to believe in it since otherwise you wouldn't exchange it for goods and services. Why? Because money is what money does, and it does that (namely, serves as a means of exchange and payment) just because people consider it as money...

If all people stop using, for example, the US dollar (i.e. lose their faith in it) and start using, for example, Bitcoin, the former ceases to be money that very moment
sr. member
Activity: 299
Merit: 250
July 25, 2016, 05:19:08 AM
Why would I not believe in fiat? Of course I would believe in fiat, I was born into fiat and I do not see fiat disappearing even ten years down the line... no way!

That is right. For the being, the fiat is still the most popular. We are paid with fiat when we work for others.
sr. member
Activity: 350
Merit: 250
July 23, 2016, 07:26:34 AM
Why would I not believe in fiat? Of course I would believe in fiat, I was born into fiat and I do not see fiat disappearing even ten years down the line... no way!
hero member
Activity: 714
Merit: 500
July 23, 2016, 07:05:03 AM
Fiat has been around a long time and until nobody believes in it, then we are sure to have it around for a whole lot of long time still. All these talk about some cryptocurrency rplac8ng fiat seems like a long shot what with the many flaws still to be figured out. We just have to accept what is there right now and somehow hope that something better comes out maybe in the future.
hero member
Activity: 3164
Merit: 937
July 23, 2016, 06:45:11 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


Money are not a religion.I don`t have to "believe" in them.

People don`t have a choice and use fiat money.It doesn`t matter if they like it or not.

By the way,what is a "property cycle"?
hero member
Activity: 686
Merit: 500
July 23, 2016, 04:20:51 AM
I do hate fiat money but I still have to use it in my daily life. With all the yearly inflation rates fiat currencies have, mot of the world still use it and trust it

Inflation rates of fiat is almost not changing if you will based it on yearly basis.

I don't see any reason why you hate fiat since when you are born fiat dominates all the money transaction worldwide.

I guess everybody is still using Fiat these days so you can't really speak of hate, maybe more a dislike. Once you get your salary in BTCs and pay all bills in BTCs you could talk about hating Fiat =)

The inflation rate doesn't really show the change in the actual cost of living. In my opinion the inflation numbers are flawed due to the low energy prices.

Well that is really the real score. If all financial transactions can be supported by bitcoin then there's a reason now to hate fiat. But that won't happen.

And inflation is a normal economic thing so treating it as a factor to hate fiat isn't applicable technically.
If we look at it as commoners, we really do not feel the changes that are happening.
Even if we say that there are inflations happening, we do not really see it's effect since the cost of life's essentially needed things is not heavily affected. Bitcoin would give different changes in my perspective other than these, so there is no meaning in continuing to keep on believing in fiats.
hero member
Activity: 868
Merit: 1000
July 22, 2016, 04:07:26 PM
Fiat currency is used in our daily life.We do transaction in fiat in our day to day life,we cannot survive without it.
So weather we believe in it or not we cannot survive via fiat currency.
But still i believe in fiat and its future also i dont think crypto-currecies can ever take its place no matter how popular it become.

I think fiat will always survive in long run as it holds maximum number of users and they are also used it as they are using it since long period of time.

Probably true. As long as you believe in your government you will believe in Fiat aswell. Still long road to go to get your pension paid out in BTCs instead of Fiat.
Getting pension in btc is never possible as government will never allow bitcoin to become a primary currency and not every company will start paying salary in bitcoins.
that's true government will not allowed the system not to be manipulated if bitcoin will stay like this government won't be allowed to do anything with it, so as long as the government is in control i believe fiat or main currency will dominate and we need to support it if we believe to whoever holding the power.
Yeah bitcoin is just for online currency that we can use only for online services or buying online.. also if bitcoin will lucky use as points to use in malls and stores locally like brazil..

It will take a long time for other countries to enter the foot steps like Brazil, and the governments of majority of countries are corrupted so they will never let it happen I guess.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
July 22, 2016, 01:29:25 PM
Do you mean the fiduciary system printing money all day long? I don't think so.
I don't believe in it at all - exactly because the reason you stated. But we have no way of escape from this flawed system.
People are so used to having convenient FIAT money around and it is so deep rooted in their mind that they don't care anymore.
This is one of reasons bitcoin and especially new economic system it represents has trouble to get to people.
member
Activity: 70
Merit: 10
July 22, 2016, 12:36:12 PM
Do you mean the fiduciary system printing money all day long? I don't think so.
legendary
Activity: 2058
Merit: 1030
I'm looking for free spin.
July 22, 2016, 12:01:15 PM
Fiat currency is used in our daily life.We do transaction in fiat in our day to day life,we cannot survive without it.
So weather we believe in it or not we cannot survive via fiat currency.
But still i believe in fiat and its future also i dont think crypto-currecies can ever take its place no matter how popular it become.

I think fiat will always survive in long run as it holds maximum number of users and they are also used it as they are using it since long period of time.

Probably true. As long as you believe in your government you will believe in Fiat aswell. Still long road to go to get your pension paid out in BTCs instead of Fiat.
Getting pension in btc is never possible as government will never allow bitcoin to become a primary currency and not every company will start paying salary in bitcoins.
that's true government will not allowed the system not to be manipulated if bitcoin will stay like this government won't be allowed to do anything with it, so as long as the government is in control i believe fiat or main currency will dominate and we need to support it if we believe to whoever holding the power.
Yeah bitcoin is just for online currency that we can use only for online services or buying online.. also if bitcoin will lucky use as points to use in malls and stores locally like brazil..
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
July 22, 2016, 11:56:59 AM
I do hate fiat money but I still have to use it in my daily life. With all the yearly inflation rates fiat currencies have, mot of the world still use it and trust it

Inflation rates of fiat is almost not changing if you will based it on yearly basis.

I don't see any reason why you hate fiat since when you are born fiat dominates all the money transaction worldwide.

I agree there is no reason to hate fiat money.  Bitcoin may offer us a better deal but as a matter of fact it only offers us better deal in the internet.  But if you move around and go to local markets, bitcoin won't offer you anything there at most because only a few to nothing accept bitcoin.  They only want fiat money.  Even OP wants fiat money, so do I, so how will I hate the thing I want / need.
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