Do you Still believe in Fiat? - page 6.

gabmen

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Quote from: President79 on March 03, 2017, 06:41:50 AM

Fiat money is money that is guaranteed to the State, of course I never hesitate. the use of the bitcoin I think only as an alternative, fiat money is still the largest and can not replace by any included bitcoin.

Yup you're right. And i don't think there's any need to replace it with any other currency. Fiat can and will stand alone with all its features and i don't think that even with a faced paced technology we're having now, fiat would be irrelevant in time,no. Fiat would atill be there and may very well just move along with the current technology

President79

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Fiat money is money that is guaranteed to the State, of course I never hesitate. the use of the bitcoin I think only as an alternative, fiat money is still the largest and can not replace by any included bitcoin.

Przemax

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The word Fiat means that someone believe in something. So yeah people believe in fiat. Just because you dont believe in what others believe you dont have to adjust to their believe system.

You would have to make people not believing in fiat for you to be able to cooperate with them and not do as you would believe what they believe yourself.

Thats such a paradox that its completly irrelevant if you believe something or not if you are in a group of people believing it. The only way your faith or not is important if you will cease your belonging to that group.

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Quote from: DoublerHunter on March 02, 2017, 10:35:21 AM

Quote from: rajasumi3 on March 02, 2017, 09:44:54 AM

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.

Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.

There is no where your quoted comment tells that Bitcoin dominates cash. As I see, he said that bitcoin is accepted in his country just like any other cash. And so he convert his Bitcoin to cash because his daily needs use cash.

I also believe in fiat. there is no way that bitcoin will ever take place the use of it or Bitcoin being acknowledge as main currency of a country.

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Quote from: DoublerHunter on March 02, 2017, 10:35:21 AM

Quote from: rajasumi3 on March 02, 2017, 09:44:54 AM

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.

Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.

Hahaha, sorry, I just burst out laughing. This is a misunderstanding, he said bitcoin is accepted now where other than cash, I think that is a typographical error, I think he is trying to say is bitcoin is accepted nowhere other than cash, that's why he is still converting it.
I do too convert it to real money because there are no stores here that accept bitcoin.

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Quote from: Pamadar on March 02, 2017, 10:41:34 AM

Quote from: DoublerHunter on March 02, 2017, 10:35:21 AM

Quote from: rajasumi3 on March 02, 2017, 09:44:54 AM

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.

Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.

that's right instead of converting it to fiat why not use it and start helping the chain just like the previous reply said all you need is just a smart device which can connect to internet and to your wallet and you are ready to go, it will make impact as well with btc if many people will start using it like you did mate.

I agree with your point. Bitcoin is giving us benefit so why not we permanently accept bitcoin and use it everywhere instead of fiat. In this way the demand of bitcoin will also be increased and the value of it will increase more high and the all the benefits will be for us.

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Quote from: Fatanut on March 02, 2017, 03:10:40 PM

Quote from: danherbias07 on March 01, 2017, 10:24:50 PM

Quote from: Kava on March 01, 2017, 05:55:51 PM

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

That is the problem. We have to use it. It is like it is being forced to be used. We didn't even have an option. I do believe in fiat too. But there is nothing into it. You just use it to buy something, and it just tells the history or heroes of your country in a piece of paper.
Specially when in you are in a place where their value of currency is too low. You would need a lot of paper money too buy a cow. Grin

The convenience into bringing something that is so light is erased.

In no way you were forced to use fiat at all. You can use bitcoins to buy everything but it will be foolish to do extensive effort just to do so. For example, you want to buy a banana in your local market. Since obviously the seller of the banana only knows fiat, you're required to find someone who's willing to accept bitcoins in exchange for a banana. You simply have to find a bitcoin user, let the bitcoin user buy the banana (in fiat) and then you'll pay him bitcoins in exchange for the banana. It's foolish, right? When you can just buy it using your fiat.

Nevertheless, you still can buy anything using bitcoins. You're just not ready for that extra effort (stupid effort) needed.

It's true, stupid effort and probably extra tax for the guy who is being the middle man between you and the seller. Bitcoin is something to make our life easier, and this way it's being harder. To make it work well, all parts must accept bitcoins and minimize the necessity of middle men maximum as possible, until there it will be stupid effort.

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Quote from: Fatanut on March 02, 2017, 03:10:40 PM

Quote from: danherbias07 on March 01, 2017, 10:24:50 PM

Quote from: Kava on March 01, 2017, 05:55:51 PM

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

That is the problem. We have to use it. It is like it is being forced to be used. We didn't even have an option. I do believe in fiat too. But there is nothing into it. You just use it to buy something, and it just tells the history or heroes of your country in a piece of paper.
Specially when in you are in a place where their value of currency is too low. You would need a lot of paper money too buy a cow. Grin

The convenience into bringing something that is so light is erased.

In no way you were forced to use fiat at all. You can use bitcoins to buy everything but it will be foolish to do extensive effort just to do so. For example, you want to buy a banana in your local market. Since obviously the seller of the banana only knows fiat, you're required to find someone who's willing to accept bitcoins in exchange for a banana. You simply have to find a bitcoin user, let the bitcoin user buy the banana (in fiat) and then you'll pay him bitcoins in exchange for the banana. It's foolish, right? When you can just buy it using your fiat.

Nevertheless, you still can buy anything using bitcoins. You're just not ready for that extra effort (stupid effort) needed

If you ask me, that's not very different from you just converting your bitcoins to fiat and buying that wretched banana yourself. The point is not making it look as if you bought something with bitcoins, the point is creating a real closed-loop Bitcoin economy where you buy things with bitcoins from a producer and producer uses Bitcoin proceeds to buy the stuff he needs and pay the staff he hires. We already have some tiny loops in place, but they are small and far in between, i.e. nowhere close to a full-fledged Bitcoin economy

It is debatable whether we will get there at all

Fatanut

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Quote from: danherbias07 on March 01, 2017, 10:24:50 PM

Quote from: Kava on March 01, 2017, 05:55:51 PM

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

That is the problem. We have to use it. It is like it is being forced to be used. We didn't even have an option. I do believe in fiat too. But there is nothing into it. You just use it to buy something, and it just tells the history or heroes of your country in a piece of paper.
Specially when in you are in a place where their value of currency is too low. You would need a lot of paper money too buy a cow. Grin

The convenience into bringing something that is so light is erased.

In no way you were forced to use fiat at all. You can use bitcoins to buy everything but it will be foolish to do extensive effort just to do so. For example, you want to buy a banana in your local market. Since obviously the seller of the banana only knows fiat, you're required to find someone who's willing to accept bitcoins in exchange for a banana. You simply have to find a bitcoin user, let the bitcoin user buy the banana (in fiat) and then you'll pay him bitcoins in exchange for the banana. It's foolish, right? When you can just buy it using your fiat.

Nevertheless, you still can buy anything using bitcoins. You're just not ready for that extra effort (stupid effort) needed.

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Quote from: Pamadar on March 02, 2017, 10:41:34 AM

Quote from: DoublerHunter on March 02, 2017, 10:35:21 AM

Quote from: rajasumi3 on March 02, 2017, 09:44:54 AM

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.

Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.

that's right instead of converting it to fiat why not use it and start helping the chain just like the previous reply said all you need is just a smart device which can connect to internet and to your wallet and you are ready to go, it will make impact as well with btc if many people will start using it like you did mate.

It's states that he still believed in fiat though he said that the place he lived many stores that accept bitcoin as a means of payment, but he did not use the great opportunity to make bitcoin increasingly known by many people, in my eyes it means he does not believe in bitcoin.

Dawzer

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I agree with you, in my mind i think that even if you have BTC you still in need to convert it to fiat to be acceptable in most locations. Fiat currency has been ingrained in the way we do things and will remain this way for a long time Cool

Pamadar

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Quote from: DoublerHunter on March 02, 2017, 10:35:21 AM

Quote from: rajasumi3 on March 02, 2017, 09:44:54 AM

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.

Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.

that's right instead of converting it to fiat why not use it and start helping the chain just like the previous reply said all you need is just a smart device which can connect to internet and to your wallet and you are ready to go, it will make impact as well with btc if many people will start using it like you did mate.

DoublerHunter

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Quote from: rajasumi3 on March 02, 2017, 09:44:54 AM

Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.

Huh? I don't get it, You said bitcoin is accepted now in your country and it is bitcoin dominates cash, then why you need to sell your earned bitcoins? If i were you I will not sell my bitcoins because that is great opportunity to maximize the usage of bitcoin because it is being accepted in your country and you don't need to worry about having a lot of money in your pocket because all you need is cellphone and internet.

rajasumi3

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Yes i do believe in fiat .in my country , bitcoin is accepted now where other than cash .thats why i have to sell my earned bitcoins and get it in fiat .with that fiat , i do my day to day transactions.

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Quote from: marcuslong on March 02, 2017, 09:13:39 AM

Quote from: passivebesiege on March 02, 2017, 08:03:15 AM

Quote from: slapper on March 02, 2017, 03:50:01 AM

Quote from: Kava on March 01, 2017, 05:55:51 PM

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

since the cryptocurrency is still very new, we all have to admit that Fiat is playing an important role in our life and its benefits can not be denied. We have to eat, buy food, sell things and receive salary by FIAT. I do not believe in Fiat but I can not deny it. The number of people using traditional currency is extremely high. What would I buy when all of my property is Bitcoin?

We all know that Fiat is used for our daily life without Fiat how would you buy something you need daily , and how we can calculate the BTC value if we don't have fiat in gold? Even we hates Fiat we understand that we also need it.

Thats true fiat is the only way to exchange bitcoin into cash easy way i dont hate foat since its helping me everyday i will only fiat when its died i dont deny it too that we need to physical things in our life .

Yeah. Even if bitcoin is widespread across everywhere. Fiat is still our base currency in terms of our everyday living. Not all businesses accepts bitcoin as their mode of payment. And not everyone of us have bitcoin so it is not convenient for all if we disregard fiat and change it with bitcoin. In addition, since bitcoin has not yet been legalized, Fiat is very essential. So, there's no way we cannot believe in it.

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Quote from: passivebesiege on March 02, 2017, 08:03:15 AM

Quote from: slapper on March 02, 2017, 03:50:01 AM

Quote from: Kava on March 01, 2017, 05:55:51 PM

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

since the cryptocurrency is still very new, we all have to admit that Fiat is playing an important role in our life and its benefits can not be denied. We have to eat, buy food, sell things and receive salary by FIAT. I do not believe in Fiat but I can not deny it. The number of people using traditional currency is extremely high. What would I buy when all of my property is Bitcoin?

We all know that Fiat is used for our daily life without Fiat how would you buy something you need daily , and how we can calculate the BTC value if we don't have fiat in gold? Even we hates Fiat we understand that we also need it.

Thats true fiat is the only way to exchange bitcoin into cash easy way i dont hate foat since its helping me everyday i will only fiat when its died i dont deny it too that we need to physical things in our life .

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Quote from: slapper on March 02, 2017, 03:50:01 AM

Quote from: Kava on March 01, 2017, 05:55:51 PM

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

since the cryptocurrency is still very new, we all have to admit that Fiat is playing an important role in our life and its benefits can not be denied. We have to eat, buy food, sell things and receive salary by FIAT. I do not believe in Fiat but I can not deny it. The number of people using traditional currency is extremely high. What would I buy when all of my property is Bitcoin?

We all know that Fiat is used for our daily life without Fiat how would you buy something you need daily , and how we can calculate the BTC value if we don't have fiat in gold? Even we hates Fiat we understand that we also need it.

slapper

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Quote from: Kava on March 01, 2017, 05:55:51 PM

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

since the cryptocurrency is still very new, we all have to admit that Fiat is playing an important role in our life and its benefits can not be denied. We have to eat, buy food, sell things and receive salary by FIAT. I do not believe in Fiat but I can not deny it. The number of people using traditional currency is extremely high. What would I buy when all of my property is Bitcoin?

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Quote from: Viscore on March 01, 2017, 10:19:52 PM

Quote from: Kava on March 01, 2017, 05:55:51 PM

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

So do I, that's why we should not be choosing between the two as both of them can give convenience to us. They have different purpose but they have one common purpose which is to give the people the convenience in transaction. For now, this is our means to transact so we have to enjoy using it and if there's a way that we can benefit from it through investment they we should gladly grab it.

Fiat is for transactions and without fiat we cannot transact easily, therefore we have to believe in fiat because everyday in our life we are using it.
Bitcoin for me is more on investment than a currency because it has no value if we do not use it, while fiat the value will remain because we are force to use it, see the difference, bitcoin gives freedom to us but fiat tied us to the governmental laws and regulation to comply.
Anyway that's life, fiat is invented first than bitcoin so it's more powerful and popular to the majority.

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Quote from: Ipwich on March 01, 2017, 10:40:34 PM

Quote from: danherbias07 on March 01, 2017, 10:24:50 PM

Quote from: Kava on March 01, 2017, 05:55:51 PM

I use the fiat every day. I can not live a single day when I will not have fiat currency. That's why I believe in fiat. This may not be the most profitable currency, but I have to use it

That is the problem. We have to use it. It is like it is being forced to be used. We didn't even have an option. I do believe in fiat too. But there is nothing into it. You just use it to buy something, and it just tells the history or heroes of your country in a piece of paper.
Specially when in you are in a place where their value of currency is too low. You would need a lot of paper money too buy a cow. Grin

The convenience into bringing something that is so light is erased.

Fiat is not only limited for paper money but I agree about inflation, the thing is there's different cost of living in every country so if you are living in a progressive country and you spend your money in small countries for sure you can buy a lot of things. In my country there's plenty of foreigners who buy a lot because it's very cheap in their money and it can be a good investment on their part.

Very rarely we get to go to another country to shop in stores where cheap products. In most cases it is done for the sake of quality rather than price. But on account of the profitability of Fiat, it is necessary to see the truth of Mr. eyes. The whole business is mainly on the Fiat works and practically lives at his expense. Therefore, the point is where to invest their money was to profit.

Topic: Do you Still believe in Fiat? - page 6. (Read 75146 times)