Do you Still believe in Fiat? - page 62.

betohell

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Quote from: ?? on ??

iam believe only one fiat money as a medium of exchange for goods and services
there is no other means of exchange it

I think fiat is the main currency for all humans and transactions in this world. You will not find it difficult to conduct transactions using fiat
so fiat very important and I believe

dezoel

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Quote from: goldcoinminer on July 18, 2016, 07:50:57 AM

Quote from: goinmerry on July 18, 2016, 01:03:07 AM

Quote from: BitcoinHodler on July 17, 2016, 11:28:22 AM

whether you believe in fiat or not, it doesn't matter you still have to use it or go back to the stone ages and trade using goods in exchange!

Sarcastic but true. You cant just say I dont believe in fiat anymore while you are still using it. I would rather stay in fiatt than carry a big stone for trade to another city. Grin

Fiat and bitcoin should work hand in hand, when we are earning bitcoins and there is only few of stores only we can always convert it with fiat and use it every time we want to buy. That is so comfortable so it is good to have the two as tandem.

The fact is both are important for an individual as bitcoin cannot be used everywhere there are some things and some places where only fiat can be helpful.

goldcoinminer

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Quote from: goinmerry on July 18, 2016, 01:03:07 AM

Quote from: BitcoinHodler on July 17, 2016, 11:28:22 AM

whether you believe in fiat or not, it doesn't matter you still have to use it or go back to the stone ages and trade using goods in exchange!

Sarcastic but true. You cant just say I dont believe in fiat anymore while you are still using it. I would rather stay in fiatt than carry a big stone for trade to another city. Grin

Fiat and bitcoin should work hand in hand, when we are earning bitcoins and there is only few of stores only we can always convert it with fiat and use it every time we want to buy. That is so comfortable so it is good to have the two as tandem.

nururochac

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Quote from: goinmerry on July 18, 2016, 01:03:07 AM

Quote from: BitcoinHodler on July 17, 2016, 11:28:22 AM

whether you believe in fiat or not, it doesn't matter you still have to use it or go back to the stone ages and trade using goods in exchange!

Sarcastic but true. You cant just say I dont believe in fiat anymore while you are still using it. I would rather stay in fiatt than carry a big stone for trade to another city. Grin

Your statement doesn't prove anything. Just because a person uses fiat that doesn't mean he automatically believes in it. Maybe because there's no option to use to buy goods that's why we need to use fiat.

Kewatia

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I have to believe in fiat at the moment. That is what I am paid now. I hope I will be paid with bitcoin soon.

goinmerry

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Quote from: BitcoinHodler on July 17, 2016, 11:28:22 AM

whether you believe in fiat or not, it doesn't matter you still have to use it or go back to the stone ages and trade using goods in exchange!

Sarcastic but true. You cant just say I dont believe in fiat anymore while you are still using it. I would rather stay in fiatt than carry a big stone for trade to another city. Grin

emberbekas

legendary

Activity: 1904

Merit: 1000

Sure I still believe in Fiat! Fiat will be used for a very very long time. Cant imagine if bitcoin replaced it. What will people do if they bought cigarette at a little shop with bitcoin and they had to wait for one confirmation to be able to get a pack of cigarette. And what if the confirmation came after 12 hours or so? That transaction problem wont happen if we use fiat.

goldcoinminer

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Quote from: bitbunnny on July 17, 2016, 02:17:17 PM

This world still can't funtcion and survive without fiat so whether we like it or not we have to use it. And the fact do we beleive in fiat or not doesn't change the fact that fiat money will run the world for a long time in the future too.

We are living in the present situation so we need to patronize what the government gives us, in the future we will be using bitcoins and the world will be a better place to live. Just trust bitcoin as it will take us to the good future.

bitbunnny

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This world still can't funtcion and survive without fiat so whether we like it or not we have to use it. And the fact do we beleive in fiat or not doesn't change the fact that fiat money will run the world for a long time in the future too.

deisik

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Quote from: BitcoinHodler on July 17, 2016, 11:28:22 AM

whether you believe in fiat or not, it doesn't matter you still have to use it or go back to the stone ages and trade using goods in exchange!

Yeah, you're right. The Stone Age did not end for the lack of stones, and the Fiat Age will end long before the world runs out of paper

BitcoinHodler

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whether you believe in fiat or not, it doesn't matter you still have to use it or go back to the stone ages and trade using goods in exchange!

lionheart78

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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

No matter how I hate fiat, the fact that I can use it, buy goods from it, people accepting it, international community recognize it. There is no way I can abandon my belief in fiat. That's the fact. Believing has nothing to do with loving and hating something.

nururochac

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Quote from: oHnK on July 17, 2016, 10:13:46 AM

Quote from: Ravion on July 17, 2016, 04:25:56 AM

The entire world economy is based on fiat money. The US dollar isn't backed by anything anymore. It used to be backed by gold. So, the Federal Reserve is just creating it out of nothing. But it still is the form of money that the whole world uses.

Most business and companies don't accept bitcoin for transactions. Until bitcoin becomes very prominent, everyone has to use fiat money.

Thats what everyone that got into bitcoin is hoping for however some parts of the world, the majority specifically will keep on denying bitcoin as they wouldnt want the economy to be based on decentralized currency, this makes the government powerless and therefore wont have any significant effect in making nationwide decision

This truly sums up things while government doesn't want media to give any credentials about bitcoin. They don't want anyone to know nor heard about this currency. Once more people adopted into this coin there's a high chance that our economic system will crashed and it will result to a single currency, a freedom currency for people which is bitcoin.

oHnK

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Quote from: Ravion on July 17, 2016, 04:25:56 AM

The entire world economy is based on fiat money. The US dollar isn't backed by anything anymore. It used to be backed by gold. So, the Federal Reserve is just creating it out of nothing. But it still is the form of money that the whole world uses.

Most business and companies don't accept bitcoin for transactions. Until bitcoin becomes very prominent, everyone has to use fiat money.

Thats what everyone that got into bitcoin is hoping for however some parts of the world, the majority specifically will keep on denying bitcoin as they wouldnt want the economy to be based on decentralized currency, this makes the government powerless and therefore wont have any significant effect in making nationwide decision

asdalani

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I do not believe in fiat. It is just a tool to get paid and buy things with it. It is less trustable than the bitcoin.

Ravion

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The entire world economy is based on fiat money. The US dollar isn't backed by anything anymore. It used to be backed by gold. So, the Federal Reserve is just creating it out of nothing. But it still is the form of money that the whole world uses.

Most business and companies don't accept bitcoin for transactions. Until bitcoin becomes very prominent, everyone has to use fiat money.

Jimbola3

sr. member

Activity: 382

Merit: 250

Quote from: takingthis4 on July 16, 2016, 01:45:09 PM

Quote from: ASHLIUSZ on July 16, 2016, 01:13:52 PM

Yeah we are still dependent upon fiat for our living than bitcoin as bitcoin cannot be used in local stores and it won't satisfy our daily needs.

yeah, unfortunately fiat matters way more right now than bitcoins or any other cryptocurrencies and i think it is a really bad thing because it does not allow you to use bitcoins all the time

Yes today fiat is the money. Every one accepts fiat while many still don't accept the bitcoins and any other crypto currency. It will still take time for bitcoins to overrun the fiat and until then fiat will be the currency that everyone uses.

deisik

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Quote from: thebetsport on July 16, 2016, 01:57:14 PM

fiat money is legal tender in use for purchasing anything that is in use is fiat money
in supermakert market and all shops in the real world if you want to buy something it should use legal tender in use and thank everyone
and it is fiat money

If I got your point right (lol), you claim that any seller is obliged to accept legal tender as an offered means of payment. Strictly speaking, this is not so, and not what the notion of legal tender actually means. Legal tender is "legal" (i.e. obliging) only in respect to paying a debt, for example, paying taxes...

A seller usually has the right not to do business with anyone, and this necessarily includes the right to decline payment in legal tender as well

thebetsport

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fiat money is legal tender in use for purchasing anything that is in use is fiat money
in supermakert market and all shops in the real world if you want to buy something it should use legal tender in use and thank everyone
and it is fiat money

takingthis4

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Quote from: ASHLIUSZ on July 16, 2016, 01:13:52 PM

Yeah we are still dependent upon fiat for our living than bitcoin as bitcoin cannot be used in local stores and it won't satisfy our daily needs.

yeah, unfortunately fiat matters way more right now than bitcoins or any other cryptocurrencies and i think it is a really bad thing because it does not allow you to use bitcoins all the time

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