Mine Gott. This topic is so old. Couldn't you simply use "search" and read all possible replies to that topic?
People have different opinions on that point indeed. The main thing here is where you live. Some countries are closed to crypto and the opinion of people from there is absolutely clear - they say yes to fiat. And people from developed countries, where crypto is acceptable on a grocery store on the corner of the street may chose crypto as their prefer way of payment.
Topic: Fiat Vs Cryptocurrency, which would you choose? - page 4. (Read 3847 times)
All sides are right. Both crypto and the Fiat have their own up and downsides. I honestly think both will have to work together, and probably be options for people. For me, I can’t pick sides.
We both need fiat and cryptocurrency because they both have different purposes because in fiat we use it to make transactions for us to buy goods and pay all of our bills, while cryptocurrency we can also use it to buy goods but only in online shopping, so we mostly use our cryptocurrency to store our funds and making it as our investment.
Fiat money can't be my money because it's not my property and for example let's talk about USD which is major currency in global economics. and that's Fed. You know it's a very non-transparent institution, they control money as they wish, they print as much as they wish, they modify USD's purchasing power as they wish. They create debt, a loan that we have to pay. Why do I have to pay a loan that's not mine? Is it right and fair what they do?
To sum up, we have no control and no right on USD = it's not our.
So that's why I choose cryptocurrency, I can mine it, I can independently own it, I can protect my privacy with it and more, satoshi is hero for releasing this idea.
I think it will be good for everyone to read some articles about connection between USD and FED, who owns FED and etc.
Most people will never do that and I will give you an example, let's suppose that you have a car, most people do not really know how a car works or how to fix it but as long as it runs and functions without any problem then they are not going to question themselves about such things.To sum up, we have no control and no right on USD = it's not our.
So that's why I choose cryptocurrency, I can mine it, I can independently own it, I can protect my privacy with it and more, satoshi is hero for releasing this idea.
I think it will be good for everyone to read some articles about connection between USD and FED, who owns FED and etc.
And the same is true about the economy in fiat currencies, as long as they work and you can use your dollars to buy something then most people are not going to wonder about how the economy and fiat currencies work, one thing that I have noticed is that most people that really believe in cryptocurrencies have a deep knowledge about the economy and they know that this cannot last that much longer before we begin to see huge problems in the economy, but by the time that happens it is going to be too late for most people because at that point bitcoin will be too expensive for them.
Fiat money can't be my money because it's not my property and for example let's talk about USD which is major currency in global economics. and that's Fed. You know it's a very non-transparent institution, they control money as they wish, they print as much as they wish, they modify USD's purchasing power as they wish. They create debt, a loan that we have to pay. Why do I have to pay a loan that's not mine? Is it right and fair what they do?
To sum up, we have no control and no right on USD = it's not our.
So that's why I choose cryptocurrency, I can mine it, I can independently own it, I can protect my privacy with it and more, satoshi is hero for releasing this idea.
I think it will be good for everyone to read some articles about connection between USD and FED, who owns FED and etc.
To sum up, we have no control and no right on USD = it's not our.
So that's why I choose cryptocurrency, I can mine it, I can independently own it, I can protect my privacy with it and more, satoshi is hero for releasing this idea.
I think it will be good for everyone to read some articles about connection between USD and FED, who owns FED and etc.
For me it is best to use fiat currency in terms of purchasing especially in small shops. Because crypto currency is only limited by the products we can buy and we cannot afford to live with crypto so eventually we are still converting our crypto currency to fiat money to buy our daily needs.
Well, I would not say that it is the best but we have no choice other than that. Crypto currencies are just accepted by limited stores and some even don't want to accept it as payment. That is the reason why bitcoin and crypto currencies are made, for the convenience of its users. With the limited place to use it, people are just using it as a store of value. I would not say Fiat is the best here but as I said, we have no choice. If crypto currency are being used regularly, I would choose it than Fiat.
For me it is best to use fiat currency in terms of purchasing especially in small shops. Because crypto currency is only limited by the products we can buy and we cannot afford to live with crypto so eventually we are still converting our crypto currency to fiat money to buy our daily needs.
I choose crypto-currencies! A year ago I chose to save my extra money from salary in crypto-currencies, mainly in Bitcoin
and Ethereum, but I have from some other alt-coins and tokens too.
It's a choice, I believe that crypto-currencies are the future. Fiat money, traditional money, as we know it will be obsolete,
even now cash is for museums not for real using, I don't remember when did I use cash last time, for something little probably.
and Ethereum, but I have from some other alt-coins and tokens too.
It's a choice, I believe that crypto-currencies are the future. Fiat money, traditional money, as we know it will be obsolete,
even now cash is for museums not for real using, I don't remember when did I use cash last time, for something little probably.
i think both parties have their own opinions and there is nothing wrong about this case because everyone is free to choose to use the payment instrument they like, after all fiat has indeed become the main currency in each country so it is not surprising when they consider fiat as the currency the most important thing than crypto, while crypto itself still does not have the same regulations in every country
I think it's quite naive to make them compete one against another because both have their flaws and cons as well. Fiat is so much adopted that we really can't just replace it given that many people are still uneducated on the uses and applications of crypto, lack gadgets and tools to store or buy crypto and much of world lies under poverty line.
Well both as such cannot be compared because of various reasons but if I have to choose one considering the future would be going with crypto beacuse it is going to chance the lot of dynamics in coming time and way things are going digital it is going to make lots of impact .
I think it's quite naive to make them compete one against another because both have their flaws and cons as well. Fiat is so much adopted that we really can't just replace it given that many people are still uneducated on the uses and applications of crypto, lack gadgets and tools to store or buy crypto and much of world lies under poverty line.
Well both as such cannot be compared because of various reasons but if I have to choose one considering the future would be going with crypto beacuse it is going to chance the lot of dynamics in coming time and way things are going digital it is going to make lots of impact .
Fiat money and cryptocurrencies are two different versions of the economy. The world is constantly evolving economically and technologically. Thirty years ago, few people imagined being able to pay with a piece of plastic. And now in next thirty years everyone will pay in cryptocurrencies. What someone will choose depends on who prefers stability and peace, and who prefers to develop and go with the development of technology.
But it depends entirely on the reasons of why you are choosing fiat over bitcoin, if what you want is to spend your money in something that you want then I will agree with you, fiat is by far the best choice for a person that wants something like that.
But if we are talking about which one is the best investment then this is a no contest, bitcoin is by far the best option, just look at what a dollar could buy you ten years ago and look at what you could buy today if you had used that dollar to buy whatever bitcoin you could, so make no mistake everything is a tool to get what you want and you need to make sure to make use of the correct one if you want to achieve your goals.
Very well said but in my own opinion I think bitcoin cannot fully replace the fiat all though it will serve a huge help for the government to enhance their economical status because fiat is the pioneer mode of payment and we are using it from the late 1900 until now and it is very difficult to change from what we have used to. But if we are talking about which one is the best investment then this is a no contest, bitcoin is by far the best option, just look at what a dollar could buy you ten years ago and look at what you could buy today if you had used that dollar to buy whatever bitcoin you could, so make no mistake everything is a tool to get what you want and you need to make sure to make use of the correct one if you want to achieve your goals.
But that does not matter to us, what we need is the opposite we need that people begin to accept cryptocurrencies as a form of payment and while there are many businesses doing it there is not a great concentration of them in most places so we cannot use our bitcoin as we want, but that is only temporary and it is bound to change.
I have recently been quite curious about the many debates about which currency is better.
Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?
Which side do you think is right? I want to hear from you sincerely.
Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?
Which side do you think is right? I want to hear from you sincerely.
This is very broad in a sense that, people have different perspective with regard to the benefits they could get from cryptocurrency compared to the online payments and apps provided by the fiat's banks. But if it would be subjective, my response is because cryptocurrency opens up a new emerging way of financial living, it has capabilities that fiats could not deliver and cryptocurrency will be the most efficient, fast, and the most secured payment option we could have and might lead to a unified world.
if any currency I would use 100% on my life would choose to fiat because they are popular right now, bitcoin for me is just an investment, but in the future if cryptocurrencies have been popular I will choose them because they are very convenient for trading
I think it's quite naive to make them compete one against another because both have their flaws and cons as well. Fiat is so much adopted that we really can't just replace it given that many people are still uneducated on the uses and applications of crypto, lack gadgets and tools to store or buy crypto and much of world lies under poverty line.
Well both as such cannot be compared because of various reasons but if I have to choose one considering the future would be going with crypto beacuse it is going to chance the lot of dynamics in coming time and way things are going digital it is going to make lots of impact .
I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.
for now fiat and crypto currencies are still interconnected, and inseparable, crypto currencies will not be useful if fiat doesn't support, but maybe the future of fiat will disappear
I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.
for now fiat and crypto currencies are still interconnected, and inseparable, crypto currencies will not be useful if fiat doesn't support, but maybe the future of fiat will disappear
I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.
for now fiat and crypto currencies are still interconnected, and inseparable, crypto currencies will not be useful if fiat doesn't support, but maybe the future of fiat will disappear
I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.
for now fiat and crypto currencies are still interconnected, and inseparable, crypto currencies will not be useful if fiat doesn't support, but maybe the future of fiat will disappear
It depends what you re trying to accomplish. Fiat still has its very good use cases in peer2peer transfer(meaning hands to hands). But overall I'm a much bigger fan of crypto, although the technology is definitely not yet ready for global mass adoption, unless lightning really kicks in the same way as segwit did.
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