FIAT promotes misery!: Bitcoin promotes prosperity!

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: jamesashmore1964 on July 15, 2018, 12:11:17 AM

6 words tell it all!
Countries that have failing currencies can tell you first hand!
It is not IF but WHEN the almighty US Dollar implodes!

To a certain extent you are probably right but not entirely! We have not yet realized the full potential of bitcoin and blockchain. In the meantime, the international trade and inter-country settlements are mostly done using the US dollar. With this robust demand, I don't see US dollar imploding anytime soon. The ongoing economical structure of our banking structure is obsolete but at the same time, we don't have any other option in hand. Cryptos can definitely bring many changes in that, but the volatile market price remains as a biggest bottleneck towards mainstream adoption.

So radical thinking like yours, would not help at all. Change is imminent but that has to be done wisely and we have to allow the free market take the decision and it is too early to draw a conclusion!

fiulpro

hero member

Activity: 1890

Merit: 831

I don't think I could agree with this, just so you know fiat in the first place is a system evolved and made by the civilizations since the human started living in groups , it's essential the reason why gold coins are no longer viable because it's best to keep it as an investment and it's limited. Same for bitcoins ,it's an excellent Investment but I don't think it should be allowed to replace fiat or if it could even get accepted worldwide , the reason why there are so many supporters of Bitcoins isn't Because of what it is but Because of it's growth factor,if it's going to be used as a fiat it will slowly loose everything , it would need to stay stationary at the same price therefore it will just be a new kind of fiat then nothing else.
It will loose investors it will stop growing it will be fixed just like the fiat you dissing about.

SamSelby

newbie

Activity: 4

Merit: 0

In some way, you're right

MasterHam2

newbie

Activity: 20

Merit: 0

Quote from: jamesashmore1964 on July 15, 2018, 12:11:17 AM

6 words tell it all!
Countries that have failing currencies can tell you first hand!
It is not IF but WHEN the almighty US Dollar implodes!

In some way, you're right. I mean, when it comes to government fiat makes them richer and ordinary people get poorer. Bitcoin (as a part of blockchain) might promote more transparency making it impossible for the government to getting involved in corruption. Let's hope bitcoin and the underlying technology bring us a better chance for the real prosperity Wink

jamesashmore1964

jr. member

Activity: 336

Merit: 3

Quote from: Dmitry.Vastov on July 16, 2018, 05:07:32 AM

Quote from: jamesashmore1964 on July 15, 2018, 12:11:17 AM

6 words tell it all!
Countries that have failing currencies can tell you first hand!
It is not IF but WHEN the almighty US Dollar implodes!

As we all know that crypto is better than all Fiat currencies around in all the aspects and no matter what the conditions will be but I am sure for one thing that crypto will replace the Fiat currency and there are thousands of reasons to justify this thing. Bitcoin more specifically has always proved its worth by abling millions of people in finding their jobs and earning their livelihood so no wonder if you will say that bitcoin will bring prosperity if it will be introduced world wide.

Glad you agree!

Dmitry.Vastov

hero member

Activity: 840

Merit: 520

Quote from: jamesashmore1964 on July 15, 2018, 12:11:17 AM

6 words tell it all!
Countries that have failing currencies can tell you first hand!
It is not IF but WHEN the almighty US Dollar implodes!

As we all know that crypto is better than all Fiat currencies around in all the aspects and no matter what the conditions will be but I am sure for one thing that crypto will replace the Fiat currency and there are thousands of reasons to justify this thing. Bitcoin more specifically has always proved its worth by abling millions of people in finding their jobs and earning their livelihood so no wonder if you will say that bitcoin will bring prosperity if it will be introduced world wide.

jamesashmore1964

jr. member

Activity: 336

Merit: 3

6 words tell it all!
Countries that have failing currencies can tell you first hand!
It is not IF but WHEN the almighty US Dollar implodes!

Topic: FIAT promotes misery!: Bitcoin promotes prosperity! (Read 161 times)