Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
Fiat money have positive value without inflation, using cash money only available for one year later with the same value but with crypto as currency you can increase higher value after one year late, bitcoin never have inflation way to make their bitcoin value down like cash or fiat currency payment, they always to give negative information with bitcoin become bubble currency for investors. 
Topic: Fiat Money is a Bubble - page 4. (Read 1794 times)
If crypto currencies have been able to overcome the challenges of past then they can beat any sort of hurdle placed in their way. With bitcoin as their leader, crypto currencies really do not need to worry about anything. Blockchain is still too young but the idea is amazing and VISA cannot give us the same security. All the governments will turn towards crypto currencies once China will launch its digital coin.
That's not how it works though. You can not predict the future based on passed data. Inductive reasoning doesn't always work. Technologies have inherent limitations, saying crypto will overcome challenges because it was able to do so in the past is simply false. That's like saying the sun will keep burning forever because it has always done so in the past, but that is not true, one day the sun will stop burning.
There's a good chance that crypto will overcome its problems and I believe that it will, but there is no way to know that and anyone claiming otherwise without showing proof is lying.
Yeah, fiat money really a bubble and one of the disadvantage it's inflation. You can collect a lot of money but is it have a sense if by twenty years your money will lose a half of value on this money. So, you must know it and not only collect money but also invest and generate more and more money that inflation can't "eat" your money.
If crypto currencies have been able to overcome the challenges of past then they can beat any sort of hurdle placed in their way. With bitcoin as their leader, crypto currencies really do not need to worry about anything. Blockchain is still too young but the idea is amazing and VISA cannot give us the same security. All the governments will turn towards crypto currencies once China will launch its digital coin.
That's not how it works though. You can not predict the future based on passed data. Inductive reasoning doesn't always work. Technologies have inherent limitations, saying crypto will overcome challenges because it was able to do so in the past is simply false. That's like saying the sun will keep burning forever because it has always done so in the past, but that is not true, one day the sun will stop burning.
There's a good chance that crypto will overcome its problems and I believe that it will, but there is no way to know that and anyone claiming otherwise without showing proof is lying.
Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
Of course fiat money is a bubble and it is bound to burst as well. We cannot just fullfil recent experienced to future. We cannot as well assure that the government have the potential to maintain the economic resources while producing loads of money and besides it will run dry in the end as the payments, funds and transactions has to be made digitally.This is absolutely not a given. Crypto currencies still have many many challenges to overcome before they can challenge fiat currencies. Crypto is still in its infancy and is still very much an experiment.
The biggest problem that has yet to be solved IMO is scaling. At this moment there is no blockchain that can handle even 1/10th the transactions that VISA is doing. The technology just isn't there yet. And there is no certainty that it will ever get there. Maybe cryptocurrencies are at its core just flawed and outright can not be scaled up due to some limitation. If that is the case than it will never replace fiat currencies.
Then there is also the government. Governments will do everything in their power to stop their own currency from losing dominance, if they lose their money they lose their power, which is the last thing they want.
Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
Of course fiat money is a bubble and it is bound to burst as well. We cannot just fullfil recent experienced to future. We cannot as well assure that the government have the potential to maintain the economic resources while producing loads of money and besides it will run dry in the end as the payments, funds and transactions has to be made digitally.This is absolutely not a given. Crypto currencies still have many many challenges to overcome before they can challenge fiat currencies. Crypto is still in its infancy and is still very much an experiment.
The biggest problem that has yet to be solved IMO is scaling. At this moment there is no blockchain that can handle even 1/10th the transactions that VISA is doing. The technology just isn't there yet. And there is no certainty that it will ever get there. Maybe cryptocurrencies are at its core just flawed and outright can not be scaled up due to some limitation. If that is the case than it will never replace fiat currencies.
Then there is also the government. Governments will do everything in their power to stop their own currency from losing dominance, if they lose their money they lose their power, which is the last thing they want.
Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
Of course fiat money is a bubble and it is bound to burst as well. We cannot just fullfil recent experienced to future. We cannot as well assure that the government have the potential to maintain the economic resources while producing loads of money and besides it will run dry in the end as the payments, funds and transactions has to be made digitally.We are not 100% sure about that, but a lot of influencers and successful business men such as Ellon Musk says fiat is going to disappear in the future (though there is no specific date) about it. Technology is evolving, very fast, many inventions are being made every single day across the globe and digital money as a currency worldwide is not a blur vision anymore, we could grab it anytime soon.
Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
Of course fiat money is a bubble and it is bound to burst as well. We cannot just fullfil recent experienced to future. We cannot as well assure that the government have the potential to maintain the economic resources while producing loads of money and besides it will run dry in the end as the payments, funds and transactions has to be made digitally.Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
I can agree to your statement because if we are going to carefully analyze it, we can see fiat money as just a social construct made by people thousand of years ago. It can be meant for peace but most likely, I can see it as a mean to show power. Up until today, we are still unaware of the fact that earning fiat makes us slaves of those in the higher positions, specially in the government. We keep on working hard just to pay our survival everyday while those in the position are earning from us as they raise the prices and expenses of everyone so better think twice if it's right to stick to fiat still when we have an option, the cryptocurrency. All money is created out of thin air these days. It has no tangible resource backing up its value.
Government says "Hi"
That makes monetary value purely fictional, yet everybody uses it. So yes, fiat is de facto a bubble.
It's hilarious to think about how the world actually works, it's complete nonsense and everybody believes that it isn't.
It's hilarious to think about how the world actually works, it's complete nonsense and everybody believes that it isn't.
It is the only trick they have in their hands to control the whole country. They are making people's head go round with it, even if it is nonsense, it makes us live and survive in this society which is survival of the fittest, and I admit it, it is completely nonsense, we're on a nested loop.
Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
I think worth of anything is derived either from the utility provided by it or due to the demand created by that thing. Actually having intrinsic value is merely for shares and not for other securities. I mean look at gold it has no intrinsic value and as of in this century has no utility too. But it's costly due to it's demand. Moreover, if we look at fiat that too has value due to it's demand which is created by the trust of people. It won't end until the trust of people end. Similarly bitcoin too is in the same league. It has no intrinsic value to be very blunt. It's deriving it's value due to the demand it is creating around. It's utility do has some contributions it's price but 9300$ for this sort of utility is damn too expensive and we all know that so most of the price is due the demand. 
Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
Of course fiat money is a bubble and it is bound to burst as well. We cannot just fullfil recent experienced to future. We cannot as well assure that the government have the potential to maintain the economic resources while producing loads of money and besides it will run dry in the end as the payments, funds and transactions has to be made digitally. FIAT is not a bubble because the price of FIAT does not fluctuate too large, and it is always stable with low volatility. Everything will become a bubble if their prices rise too quickly in a short time. Failure to control the price movement will make everything a bubble.
anything can happen fiat currency with bubbles but the government will quickly break the bubble and of course the government has prepared anticipation with the system used in a country's economy because fiat currency is definitely legal and there is protection against everything that happens with the eye fiat money
In its concept, Fiat can be said to be a bubble where the concept is higher than the fundamental value. It's just that the fiat value depends on the country's economic sector and is an investment of assets. Whereas cryptocurrency like bitcoin is of high value and very different from the fundemental value and the determinant of value is demand, bitcoin is a bubble.
Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually.
Yeah, it is a bubble, but a very sophisticated highly qualified and decent bubble that will not burst for centuries or until a new mode of payment is accepted against whatever we trade in the world.
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There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value.
That's because it is recognized among people whether nationally or globally. It is pegged and has limited fluctuations in comparison to each until some extremely bad conditions occur and make the currency fall badly against the other worldwide currencies.
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Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
Come on, in today's world, it's all about show-off and following what others do. You won't even purchase a detergent or soap or anything high-end or low-end whatsoever till you see someone else doing it and then coming to you telling you that, "Hey, that soap's awesome, ya need to try it out". That's the case with money but, money has got Reserve Banks to save their back and keep their values stable apart from the fluctuations because they've got the right to print them no matter what.
thats called inflation not a bubble.
Very well explained dude 
. The title of this is very ironic to be honest. How come the fiat is a bubble when in it is less volatile in the first place. If OP said crypto is a bubble then I'll be more likely to believe it. Fiat currencies' price do not make sudden fluctuations and not also not as big as what crypto did. When I was watching news, I noticed that rate exchange usually updates every couple of weeks or month. FIAT is not a bubble because the price of FIAT does not fluctuate too large, and it is always stable with low volatility. Everything will become a bubble if their prices rise too quickly in a short time. Failure to control the price movement will make everything a bubble.
anything can happen fiat currency with bubbles but the government will quickly break the bubble and of course the government has prepared anticipation with the system used in a country's economy because fiat currency is definitely legal and there is protection against everything that happens with the eye fiat money 
However, it is a bubble that is backed by the government. You can't call something like fiat currency a bubble, bubble is something that gets super expensive for no reason at all and than it goes down and I mean goes down like A LOT. For example, the most known bubble was tulipmania and in that the price of one tulip bulb went as high as houses and than it dropped to so low that you could buy a whole basket of it for couple dollars.
Now, fiat can't be like that, what do you think will happen, buy a house for 10 dollars but than house worths a billion dollars one day? No, 100 years ago houses were cheap and you could get one for couple hundred bucks but now it worths millions of dollars thats true, but it took 100 years, thats called inflation not a bubble.
Now, fiat can't be like that, what do you think will happen, buy a house for 10 dollars but than house worths a billion dollars one day? No, 100 years ago houses were cheap and you could get one for couple hundred bucks but now it worths millions of dollars thats true, but it took 100 years, thats called inflation not a bubble.
Yes fiat money has its problems no doubt, but even Bitcoin which was created for something which is truly novel is manipulated through pumps and dumps. Gradually more and more control is going into the hands of a smaller group of people. No matter how altruistic one person might be in their endevours to solve the worlds problems, greed will always win in this world. It is the sad truth, humans are just designed that way. Our biological instinct is to always try and win (be alpha, or survive)
The ideology behind the creation of fiat money was created by man and the same man decided to work for it. The value it has is because man has decided to accept it in every way and this makes it a big bubble which never burst. Its supply and demand is never ending as long as man long for physical things.
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